Banking Products and Services

What is the full form of LIBOR?

• a) Local Indian Bank Offered Rate

• b) London-India Bureau Of Regulations

• c) Liberal International Bank Official Ratio

• d) London Inter Bank Offered Rate

Mobicash Easy is a mobile wallet which offers facilities such as fund transfer, bill payment, balance enquiry, mini statement, mobile top-ups and DTH recharge. This facility has been introduced by which of the following banks?

• A. State Bank of india

• B. HDFC Bank

• C. Corporation Bank

• D. Union Bank of India

• E. ICICI Bank

Insurance service provided by various banks is commonly known as ....

• A. Investment Banking

• B. Portfolio management

• C. merchant banking

• D. Bancassurance

• E. Micro Finance

IFSC Code stands for __________.

• A. Indian Foreign Service code

• B. Indian Full Service carrier

• C. Instant Free space credit

• D. Indian Financial system code

• E. None of these

Services offered by Retail Banking include ___________

• A. Savings & Transactional accounts

• B. mortgages & personal loans

• C. Debit cards & Credit cards

• D. All of the above

• E. None of the above

Small Savings Scheme like national savings certificates, Public Provident Fund, Monthly Income Schemes are popular among the salaried people. Which financial institutions manage these schemes?

• A. Public sector banks

• B. Commercial banks

• C. Post offices

• D. Co-operative banks

• E. None of these

Delivery of financial services at affordable costs to the disadvantaged Low income segments of the society known as………..

• a. Credit creation

• b. Financial exclusion

• c. Financial Inclusion

• D .Consumer credit

Cancellation of crossing of a cheque is called ----

• a.Mutilated cheque

• b. Torned cheque

• c. Material alterations

• d.None of these

Which type of loans have less prone to the risk of becoming NPA

• (a) Retail loans

• (b) Whole sale loans

• (c) Gold loans

• (d) Mortage loans

Current deposit is also known as ……….

• a. Savings deposit

• b. Demand deposit

• c. Time deposit.

• d. Recurring deposit