Banking Awareness Questions For bank po exam
1.Which of the following statements is true?
a.The special purpose vehical(SPV) purchases the assets from the borrower directly during the securitization
b.The originator and obligor are the same pesons in securitization process
c.Administrator collects the payments due from the obligor and passes it to the SPV and followers with defaulters
d.Mortgage based securitization provides high yields to the investor
2) the important feature of an anticipatory letter of credit is that ?
A) the letter of credit can be used as back to back letters of credit
b)the beneficiary under the letter credit may receive payment even at the pre –shipment stage
c) the beneficiary under the letter credit may receive payment even at the post –shipment stage
d) the cash advance is not permitted against such letter of credit
3) the shipping guarrantee is a ?
a) type of a letter of credit
b.gaurantee issued by the shipcaptain to the purchaser
c.Gaurrentee issued to the barrower towards the loan granted by the shipping company
d.deferred payment gaurentee issued by a banker at the request of the consignee when the documents are not receive & god s are received for the facilitating the delivary of goods
4) which of the follwings statements is true ?
a. the charge card is a credit instrument
b. under this facility the card holders need to pay amount with in 10 installments
c. card holder has to pay the 100% of the purchase amount with in 30days of purchase
d.the charge card shall have revolving credit
5.which of the following is not augmented feature of a credit card
a.personal accident incurences
b. cash withdrawals
c. add on fecility
d.issue of deferred guarantee
6.wich of the follwing is the disadvantageof going for public issue
a. liquidite to existing shares
b.increse in visibility and reputation to the company
c.better pricing and placement with new investers
d. need to make continuous disclosures
7.which of the follwing is not a critirion to select the insvestment bankers
a.no professional membership or incorporations are required
b. general reputation in the market
c.Good rapport with market intermidiaries d.
d.distubution network of the organization
8.which of the following is not an assert of a bank
a.notes and small kinds
b. overdue recurring deposits
c. short term notes
d. staff advances
9.The banking company has restictions to sanction loan to ?
a. Directores of the bank
b. staff working fin the bank
c. students going abroad
10. Which of the follwing is not non- Depository institutaon
b. commercial banks
c. mutual funds
d. regional rural banks