Tuesday, 13 August 2013

533:Bank Exam Quiz -9

Education
Quiz for Bank Exams


57:Mortgage is a

A)Security on movable property for a loan given by a bank.
B)Security on movable property for loan given by bank.
C)Concession on immovable property for a loan given by a bank
D)facility on immovable property for a loan given by a bank


58:Which of the following types of accounts are known as ‘Demat Accounts’?

A)Accounts which are Zero Balance Accounts
B)Accounts in which shares of various companies are traded in electronic form
C)Accounts which are operated through internet banking facilty
D)None of these


59: Distribution of insurance products and insurance policies by banks as corporate agents is known as

A)General Insurance
B)Non-life insurance
C)Bancassurance
D)Insurance


60: NEFT means

A)National Electronic Funds Transfer system
B)Negotiated Efficient Fund Transfer System
C)National Efficient Fund Transfer Solution
D)Non Effective Funds Transfer System


61. When the rate of inflation increases

A)purchasing power of money increases
B)purchasing power of money decreases
C)value of money increases
D)purchasing power of money remains unaffected


62.Interest on savings bank account is now calculated by banks on

A)minimum balance during the month
B)minimum balance from 7th to last day of the month
C)maximum balance during the month
D)minimum balance from 10th to last day of the month


63. A centralized database with online connectivity to branches, Internet as well as ATM network which has been adopted by almost all major banks of our country is known as

A)investment banking
B)specialised banking
C)core banking
D)national banking




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