banking, security market & insurance section 2 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 11 [BOM-PO 2016]

A cheque which has been written by the maker and dated at some point in the past is known as

a) Pre-paid cheque

b) Post-dated cheque

c) Out-of-date cheque

d) Antedated cheque

Answer: (d)

In banking, antedated refers to cheques which have been written by the drawer, and dated at some point in the past.

Question : 12

‘Basel III’ norms target at which of the following?

  1. Improve the banking sector’s ability to absorb shocks arising from financial and economic stress.
  2. Improve risk management and governance.
  3. Strengthen banks’ transparency.
Choose the correct answer using the codes given below:

a) 1 and 3 only

b) 1 and 2 only

c) 1 only

d) 1, 2 and 3

Answer: (d)

Basel III is basically a regulatory accord designed specifically for the banking sector. It aims to improve the supervision, regulation and risk management within the sector. It also targets at strengthening the transparency of the banks.

Question : 13 [CDS-2016-I]

Which of the following is /are example (s) of ‘Near Money’?

  1. Treasury Bill
  2. Credit Card
  3. Saving accounts and small time deposits
  4. Retail money market mutual funds
Select the correct answer using the code given below:

a) 1, 2 and 3

b) 2 only

c) 1 only

d) 1, 3 and 4

Answer: (d)

Near Money is a term used in economics to describe highly liquid assets that can easily be converted into cash.

Question : 14 [IDBI 2016- 2017]

Which of the following was established in 1928 as the first printing press for bank notes in India?

a) Bharatiya Reserve Bank Notes Mudran Private Limited (BRBNMPL), Mysore

b) Currency Notes Press (CNP), Nasik

c) Indian Security Press (ISP), Nasik

d) Bharatiya Reserve Bank Notes Mudran Private Limited (BRBNMPL), Salboni

Answer: (b)

Currency Note Press (CNP), Nasik, Maharashtra was established in 1928. It was the first printing press for banknotes in India.

Question : 15 [UPPCS (Pre) 2011]

Which one of the following is different from the others from the point of view of ownership?

a) Debenture of a company

b) Bank Fixed Deposit

c) Kisan Vikas Patra

d) LIC Policy

Answer: (a)

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