Banking Awareness Online Mock Test 12 For IBPS Exam-clerk&po

. Letter of negative lien obtained from borrower by a bank contains?

a) An undertaking that the property mortgaged to the bank is his own
b) A confirmation that the borrower had earlier deposited title deeds to create mortgage on the property.
c) An undertaking not to create any encumbrance/lien on the property which he owns but not yet mortgaged to the bank
d) A declaration that he is the joint owner of the property furnishing the details of his share and valuation thereof

Which of the following statement is CORRECT?

a) Consortium advances to be treated as NPA on the basis of recovery by individual banks
b) If one facility of a borrower is treated as NPA other facilities to him also to be treated as NPA even if there are no irregularities in that account.
c) Consortium must be formed if the total exposure of fund based limit exceeds Rs 100 crore.
d) Both (a) and (b)

. If an IPO is under-priced, which of the following can be considered as consequences/implications of the same? I. The company looses the opportunity to raise more funds II. Under pricing would give less returns to the investor III. Under pricing results in lower net worth on an increased equity.

a) Only (II) above
b) Only (III) above
c) Both (I) and (III) above
d) Both (II) and (III) above all

Corporate Bank files suit for recovery of its loan against the guarantor only and not the borrower. Guarantor pleads in the court that before filing suit against him, money should be recovered from the borrower. In such circumstances, the bank can seek recourse in the court against?

a) All the liable parties together only
b) Any one of them at a time
c) All separately
d) At its discretion it can proceed against any one

. A letter of credit (LC) wherein the credit available to the customer gets reinstated after the bill is paid is known as?

a) Back to back LC
b) Red clause LC
c) Back to front LC
d) Revolving LC

. Regional Rural Banks are?

a) Private Sector scheduled commercial banks
b) Cooperative banks
c) Foreign banks
d) Public sector scheduled commercial bank

Large corporate customers demand?

a) Short term products from their banks irrespective of the cost at their times of need.
b) Increasingly sophisticated products from their banks at the lowest possible cost.
c) Disintegrated financial products from their banks at the lowest possible cost.
d) Basic banking products from their banks but with speed and efficiency.

Funded Services under corporate banking does not include?

a) Working Capital Finance
b) Bill Discounting
c) Export Credit
d) Letters of Credit

Which of the following is not directly involved in rural lending?

a) Cooperatives
b) RRBs
c) Commercial banks
d) SIDBI

. PACSs provide?

a) Mainly long term credit
b) Mainly short term credit
c) Both long term and short term credit
d) Do not provide any credit

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Banking Awareness Online Mock Test 12 For IBPS Exam

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