IMT SOLVED ASSIGNMENTS AVAILABLE – FINC008 TEST 2
ASSIGNMENT
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MCQ 1: The securities brought by the bank with an idea to held them up to maturity are categorized as
a. Held to Maturity
b. Available for sale
c. Held for Trading
d. held for Investment
MCQ 2: NRO and NRE accounts can be kept in the form of______
a. current account
b. savings account
c. term deposit account
d. any of these
MCQ 3: A provision of_____% should be made on loss assets
a. 50%
b. 100%
c. 150%
d. 75%
MCQ 4: Which of the following is an example of negative covenant?
a. Limiting further capital expenditure
b. Ensuring that the funds are applied for the purpose for which they were intended
c. Ensuring that proper records and controls are maintained within the firm
d. All of these
MCQ 5: Which of the following facility a Mobile Banking customer cannot use?
a. Facility for using banking facility from anywhere
b. Option to pay utility bills and Transfer of funds between accounts of same bank and other banks
c. Facilities of withdrawing cash anywhere anytime
d. Balance Enquiries and facility for shopping and paying through mobile
MCQ 6: Through Mobile Banking customer can’t avail the facility of
a. Balance Enquiry
b. Letter of Credit services
c. Funds Transfer
d. Transactions of credits
MCQ 7: _____is defined by transfer of existing or future debt, right or property owned by the party in favour of bank.
a. Mortage
b. Hypothecation
c. Pledge
d. Assignment
MCQ 8: Cash to deposit ratio is
a. (Total Loans / total Deposit) x 100
b. (Cash in hand + balance with RBI Deposit) x 100
c. (Cash in hand Deposit) x 100
d. (Balance with RBI Deposit) x 100
MCQ 9: Through Internet Banking customer can not avail the facility of the transactions of
a. Transactions of debits
b. Transactions of credits
c. Letter of Credit services
d. Funds Transfer
MCQ 10: A term loan will be treated as NPA if any commitment by way of principal or interest or both remail overdue for more than___ _days
a. 30
b. 90
c. 180
d. 360
MCQ 11: How many schedules are there in Profit and loss account of a bank.
a. 2
b. 3
c. 4
d. 5
MCQ 12: ______is the bailment of goods as security for payment of a debt or performance of a promise.
a. Mortage
b. Hypothecation
c. Pledge
d. Assignment
MCQ 13: ______is a possible obligation, which could arise depending on whether some uncertain future event occurs.
a. Liability
b. Contingent Liability
c. On Balance Sheet Liability
d. All of these
MCQ 14: the______ served as the minimum lending rate to borrowers
a. Prime Lending Rate
b. Base Rate
c. Discount Rate
d. Repo Rate
MCQ 15: Under the cheque clearing system, truncation specifically means that the cheque
a. cannot be transferred to a third party.
b. is not treated as a bill of exchange.
c. provides the drawee with access to funds from day one.
d. stays at the collecting bank
MCQ 16: VaR is
a. potential worst case loss over indefinite period of time
b. potential worst case loss over definite period of time
c. potential gain over a selected period
d. potential worst case loss at a specific confidence level over a certain period of time
MCQ 17: Which is not an element of Tire II capital
a. Revaluation reserve
b. Undisclosed reserve
c. paid-up ordinary share capital
d. Investment reserve account
MCQ 18: Regional rural bank were setup on the recommendation of
a. PL tandon committee
b. Nariman committee
c. Narasimham committee
d. None of these
MCQ 19: One of this is not the function of RBI
a. Monetary policy
b. Issue of currency notes
c. Issuing bank guarantee
d. Credit control in the banking system
MCQ20: Which of the following is not a benefit and use of Mobile Banking?
a. Easy and most acceptable delivery channel
b. It is a tool to attract of the old generation clients
c. Lesser transaction costs as compared to other channels
d. Cost effective solution as compared to ATMS
MCQ 21: _______loans are assessed as ‘inherently weak. The credit risks may be minor, but may involve unwarranted risk. Such credits contain weaknesses, such as an inadequate loan agreement or poor condition of or control over collateral or deficient loan documentation or evidence of imprudent lending practices
a. Special mentioned loans
b. Loss Assets
c. Sub-standard assets
d. Doubtful assets
MCQ 22: A______ asset would be one, which has remained NPA for a period less than or equal to 12 months.
a. Special mentioned loans
b. Loss Assets
c. Sub-standard assets
d. Doubtful assets
MCQ 23: NABARD was established to have a control over____
a. Reserve Bank of India
b. Regional Rural Banks
c. Co-operative bank
d. None of these
MCQ 24: Which of the following are not related to Internet Banking Services?
a. Payment Gateway services
b. Corporate Internet Banking
c. Letter of Credit
d. Supply Chain Management
MCQ 26: ______denotes a loss of income or profit that could arise when funds are sourced at a higher cost than the return on investment of these funds.
a. Long Margin
b. Positive Carry
c. Negative carry
d. Short Margin
MCQ 27: _____is the misuse of personal data or documents in order to impersonate another individual to carry out illegal or fraudulent activities, e.g., to abuse the victim’s banking facilities or other assets.
a. Identity theft
b. Skimming
c. Phishing
d. Carding
MCQ 28: For____ All identified losses have to be charged off. Uncollectible loans with such little value that their continuance as bankable assets is not warranted are generally charged off. Losses are expensed in the same period in which they are written off
a. Special mentioned loans
b. Loss Assets
c. Sub-standard assets
d. Doubtful assets
MCQ 29: When the risk of loss resulted by an unfavorable change in price of a security mainly due to factors related to the issuer, it is termed
a. Specific risk
b. General market risk
c. interest rate risk
d. default risk
MCQ 30: Minimum Capital Adequacy Ratio to be maintained by a Bank as per Basel Accord II is_____
a. 0.05
b. 0.07
c. 0.08
d. 0.1