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Q1. CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on the recommendations of:
a) Narashimham Committee
b) Ghosh Committee
c) Chore Committee
d) Kapoor Committee
e) Krishna Committee

Q2. Payment of a cheque may be countermanded by the ___
a) Payee
b) Drawer
c) True owner
d) Drawee
e) None of these

Q3. Hypothecation is:
a) A transaction of conditional sale
b) A legal transaction whereby goods may be made available as security for a debt
c) Transfer of ownership by the borrower to the lender
d) Either a or b
e) None of the above

Q4. In the matter of handling bills of exchange for collection, the relationship between customer and the bank is:
a) Trustee and the beneficiary
b) Principal and agent
c) Bailor and bailee
d) All of the above
e) None of the above

Q5. A debt becomes time-barred after:
a) One year
b) Two and a half year
c) Three years
d) Five years
e) Six years

Q6. Under which of the following methods of depreciation, amount of depreciation varies every year?
a) Written Down Value Method
b) Straight Line Method
c) Amount of depreciation does not vary on year to year basis
d) Either a or b
e) None of these

Q7. The expansion of BIFR, in the context of the Indian Industry is:
a) Board for Industrial and Financial Reconstruction
b) Bureau for Industrial and Financial Reconstruction
c) Board for Investment and Financial Reconstruction
d) Bureau for Investment and Financial Reconstruction
e) None of these

Q8. The biggest international financial centre in the world:
a) Frankfurt
b) Geneva
c) London
d) New York
e) Paris

Q9. Mutual funds are required to be registered with:
a) AMFI
b) SEBI
c) IBA
d) RBI
e) NABARD

Q10. First bank in India to launch its interactive banking service through Dish TV:
a) HSBC
b) ICICI Bank
c) HDFC Bank
d) Axis Bank
e) None of these

 

ANSWER:-

1)d) Kapoor Committee

2) b) Drawer

3)b) A legal transaction whereby goods may be made available as security for a debt

4) b) Principal and agent

5)c) Three years

6)a) Written Down Value Method

7) a) Board for Industrial and Financial Reconstruction

8)c) London

9)b) SEBI

10)c) HDFC Bank

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