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Q1. DBS Bank has been headquartered in __________
a)United Kingdom
b) Spain
c) Singapore
d) South Africa
e) None of these

Q2. SWIFT means ?
a) Society for World Wide Interbank Financial Telecommunication
b) Social Formality World Wide Internet Functional Telecomunit
c) Society for World Wide International Financial Telecommunication
d) Society for World Wide Interbank Functionality Telecommunication
e) Society for World Wide Interbank Financial Technologies

Q3. SWIFT introduced in which year ?
a) 1975
b) 1985
c) 1976
d) 1973
e) 1986

Q4.  SWIFT allows member financial organization / banks worldwide to exchange information amongst each other in which form ?
a) Physically
b) Electronically
c) Via Telephone calls
d) All of these
e) None of these

Q5. For which banking transactions does an individual not need to quote his/her PAN number?
a) Account opening
b) Deposit in cash aggregating Rs.50,000 or more during any one day
c) Making an application for issue to credit card or debit card
d) Payment in cash for purchase of drafts up to Rs.1 Lakh
e) None of these

Q6.  As per new KYC norms for NBFCs, which of the following regarding full KYC updating of individuals and entities is NOT correct?
a) High-risk customers-at least two years
b) Medium-risk customers-at least every 8 years
c) Low-risk customers-at least every ten years
d) BPL customers- KYC not required
e) None of the above

Q7.  The credit policy of a bank does not deal with?
a) Credit risk management
b) Documentation standards
c) Review and renewal of advances
d) Outstanding balances in deposit accounts
e) None of these

Q8. Issuing credit cards is a component of ?
a) Corporate banking
b) Rural banking
c) Retail banking
d) Micro finance

e) None of these

Q9.  As we know, a lot of new concepts are being used in the field of banking these days, which of the following is NOT one such concept / product directly associated with banks ?
a) RTGs
b) SMS Alert
c) Demat Account
d) ATM / Debit Card
e) Number Portability

Q10. Institute for Development and Research in Banking Technology (IDRBT) is located at ………………..
a) Gurgaon
b) Jalandhar
c) Chennai
d) Hyderabad
e) Pune

 

ANSWER:-

1)c)Singapore

2)a) Society for World Wide Interbank Financial Telecommunication

3) d) 1973

4) b) Electronically

5) d) Payment in cash for purchase of drafts up to Rs.1 Lakh

6)d) BPL customers- KYC not required

7)d) Outstanding balances in deposit accounts

8)c) Retail banking

9)e) Number Portability

10) d) Hyderabad

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