Set of questions will help you to grab confidence on questions asked on Banking awareness in various competitive examinations like IBPS PO, Associate Banks of SBI and IBPS clerk Bank exam. 1. What does WPI stand for? Wholesale Price Index Wholesale Price India Wholesale Price International Wholesale Price Industrial 2. What does CRISIL stand for? Credit Rating and Industrial Services of India Limited Cash Rating and Industrial Services of India Limited Credit Rating and Investment Services of India Limited Currency Rating and Investment Services of India Limited 3. A sum of money paid regularly (typically annually) by a company to its shareholders out of its profits (or reserves) is called as? Bonus Profit Gratification Dividend 4. A person who sets up a business or businesses, taking on financial risks in the hope of profit is known as? Proprietor Owner Entrepreneur Partner 5. An _________ is a temporary pass through account held by a third party during the process of a transaction between two parties. Company Account Current Account Escrow Account Nominal Account 6. A debt investment in which an investor loans money to an entity (corporate or government) that borrows the funds for a defined period of time at a fixed interest rate is known as? Bond Shares Preference Shares Coupon 7. A financial market of a group of securities in which prices are rising or are expected to rise. The term is most often used to refer to the stock market, but can be applied to anything that is traded, such as bonds, currencies and commodities is known as _______? Bear Market Bull Market Currency Market Commodity Market 8. The stated principal amount of a financial instrument is known as _________? Face Value Book Value Maket Value None of the Above 9. A _________ contract is a contract between two parties where both parties agree to buy and sell a particular asset of specific quantity and at a predetermined price, at a specified date in future. Real Time Future Option Fixed 10. A contract whereby one party agrees to pay a sum to another party for a fee in the event that the latter suffers a particular loss. The person or firm that undertakes the risk is the insurer. The party desiring to be protected from loss is the insured party is known as _______? Future Contract Guarantee Warranty Insurance 11. A formal document issued by a bank on behalf of a customer, stating the conditions under which the bank will honour the commitments of the customer is known as ________? Letter Of Guarantee Authority Letter Letter of Credit Commitment Letter 12. A right to keep possession of property belonging to another person until a debt owed by that person is discharged is called as ________? Lien Mortgage Pledge Baile 13. A formal contract which grants the holder of the option the right to buy or sell a certain quantity of an underlying interest or asset at a stipulated price within a specific period of time is known as? Future Forward Contract Option None of the Above 14. What does PLR stand for? Price Lending Rate Prime Lending Rate Private Lending Rate Public Lending Rate 15. What does PSU stand for? Public Sector Utilities ublic Sector Units Public Sector Undertaking None of the Above Answer: 1] Wholesale Price Index, 2] Credit Rating and Investment Services of India Limited, 3] Dividend, 4] Entrepreneur, 5] Escrow Account, 6] Bond, 7] “Bull Market”, 8] Face Value, 9] Future, 10] Insurance, 11] Letter of Credit (LC), 12] Lien, 13] Option, 14] Prime Lending Rate, 15] Public Sector Undertaking.
Posted on: Sun, 18 Jan 2015 18:59:54 +0000
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