Banking Awareness Set 5

1 . The debenture holders of a company are its_____. A). Employees B). Debtors C). Creditors D). Partners Answer & Explanation Answer : Option C Explanation : A debenture holder is a person or an organization that has lent money to a company or firm in the form of debentures or loan. View Answer 2 . Ministry of Communications and IT has launched a social security scheme the Service Discharge Benefit Scheme (SDBS) -------------. A). To provide financial security to Gramin Dak Sevaks B). To provide insurance for the rural poor C). To provide risk cover for the urban slums D). None of these Answer & Explanation Answer : Option A Explanation : It provides post-retirement financial security to over 2.73 lakh Gramin Dak Sevaks (GDS). The Department of posts has decided to deposit Rs.200 GDS per month. View Answer 3 . In which year National Bank for Agriculture and Rural Development (NABARD) was established in _____ A). 1991 B). 1982 C). 1952 D). 1968 Answer & Explanation Answer : Option B Explanation : NABARD was established on 12th July 1982 and owned by the Government of India and Reserve Bank of india (RBI). It is an apex development bank of the country for supporting and promoting agriculture and rural development. View Answer 4 . In banking terminology bad loans refer to ------------------. A). Bad debts B). Non performing assets C). underwriting assets D). Fictitious assets Answer & Explanation Answer : Option B Explanation : Non-performing assets, also called non-performing loans, are loans, made by a bank or finance company, on which repayments or interest payments are not being made on time. View Answer 5 . Which of the following department is not a part of Finance Ministry of India ? A). Department of Revenue B). Department of Expenditure C). Department of Economic Affairs D). Department of industrial policy and promotion Answer & Explanation Answer : Option D Explanation : The departments under finance ministry are : A. Economic Affairs B.Expenditure C.Revenue D.Financial Services E.Disinvestment View Answer 6 . Which of the following is the name of a Private Sector Bank in India ? A). IDBI Bank B). Axis Bank C). Corporation Bank D). UCO Bank Answer & Explanation Answer : Option B Explanation : Aixs bank is a private sector bank in India. View Answer 7 . What is an Indian Depository Receipt ? A). A deposit account with a Public Sector Bank B). A depository account with any of Depositories in India C). An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company D). An instrument in the form of deposit receipt issued by Indian depositories Answer & Explanation Answer : Option C Explanation : IDR is an insturment in the form of a Depository Receipt created by the indian depository in india against the underlying equity shares of the issuing comapany. View Answer 8 . Which is included in Capital budget ? A). Income Received from public borrowings B). Income received from tax - sources C). Income received from non-tax sources D). All of the above Answer & Explanation Answer : Option A Explanation : Income Recieved by public borrowing View Answer 9 . Mobile banking is set to get a boost from IMPS, which stands for---------------- A). Inter-Bank Mobile Payment Service B). Inter-Bank Money Portability Service C). Intra-Bank Mobile Payment System D). Inter-Bank Money Preventing System Answer & Explanation Answer : Option A Explanation : Interbank Mobile Payment Service (IMPS) launch on 22nd November 2010 by Shyamala Gopinath, DG RBI at Mumbai and this service is now available to the Indian public. IMPS offers interbank electronic fund transfer service through mobile phones. View Answer 10 . What is the full form of NSDL? A). National Securities Depository Limited B). National Securities Demanding Liability C). National Sample Depository Limited D). National Sample Driven Land Answer & Explanation Answer : Option A Explanation : National Security Depository limited. View Answer