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WorksheetsFS QUIZ
Total questions: 30
Worksheet time: 15mins
Which of the following is not a financial service?
Investment banking
Portfolio management
Insurance
Manufacturing
Merchant banking primarily deals with:
Issuing credit cards
Underwriting of shares and debentures
Providing consumer loans
Selling insurance policies
Factoring refers to:
Selling goods on credit
Financing receivables by selling them to a factor
Leasing machinery
Accepting deposits
Leasing is an arrangement where:
Ownership is transferred immediately
User enjoys the asset without owning it
The lessee sells the asset
The lessor uses the asset
The main objective of mutual funds is to:
Earn profit for the fund managers
Pool funds and invest in diversified securities
Provide credit to industries
Reduce taxation
Venture capital is provided to:
Established firms only
New and high-risk enterprises
Government projects
Commercial banks
Underwriting is a service related to:
Insurance only
Issue of securities
Leasing of assets
Bank deposits
Credit rating agencies provide information about:
Company's profitability
Company's creditworthiness
Company's marketing policy
Company's employees
The primary function of an insurance company is:
To collect deposits
To provide protection against risk
To offer investment advice
To grant loans
Financial intermediaries act as:
Direct investors
Middlemen between savers and borrowers
Government regulators
Tax collectors
The primary function of a commercial bank is:
Selling mutual funds
Accepting deposits and granting loans
Trading in securities
Leasing equipment
Which of the following is a secondary function of banks?
Accepting deposits
Lending money
Agency and general utility services
Maintaining reserves
Credit creation is a unique function of:
Cooperative societies
Commercial banks
Insurance companies
Central banks
The banker–customer relationship is mainly based on:
Mutual understanding
Debtor and creditor relationship
Employer and employee relationship
Buyer and seller relationship
Which of the following is an example of an agency function of a bank?
Discounting bills
Accepting deposits
Collecting cheques and dividends
Providing locker facilities
A scheduled bank means a bank that is:
Owned by the government
Included in the Second Schedule of the RBI Act, 1934
Having foreign branches
Nationalized before 1980
Which type of bank provides long-term finance to industries?
Cooperative bank
Development bank
Commercial bank
Payment bank
Central Bank is also known as the:
Banker's bank
People's bank
Merchant bank
Investment bank
The Reserve Bank of India performs the function of:
Issuing currency notes
Accepting deposits from public
Providing loans to individuals
Selling insurance policies
Liquidity refers to:
Ability to earn profit
Ability to meet short-term obligations
Ability to expand business
Ability to reduce risk
Which of the following is a form of online banking?
ATM
Internet banking
Mobile banking
All of the above
NEFT stands for:
National Electronic Funds Transfer
National Exchange of Financial Transactions
National Electronic Finance Terminal
None of these
Which of the following allows immediate fund transfer between bank accounts on a 24x7 basis?
NEFT
RTGS
IMPS
DD
RTGS stands for:
Real Time Gross Settlement
Rapid Transfer Gross Settlement
Regular Transaction Guarantee System
Real Transaction Gateway System
Which online banking service allows customers to access bank accounts via mobile apps?
Telebanking
Internet banking
Mobile banking
Credit banking
Which of the following is a card-based electronic payment system?
IMPS
UPI
Debit and Credit cards
RTGS
UPI is operated by:
RBI
NPCI
SBI
SEBI
Which of the following is a two-step security feature in online banking?
OTP verification
Simple password
Security question
CAPTCHA
The main advantage of online banking is:
Reduced access to account details
Limited transaction hours
Convenience and 24x7 accessibility
Manual record keeping
Which of the following is not a form of online banking?
ATM
Internet banking
Passbook updating counter
Mobile banking
