Response Report

Name of the Candidate : SAI VAISHNAVMANDLA

Membership No. : 163861
Mock Test Date : 11-11-2017

S.No Question Response Correct Answer

Govt. Sponsored Advances Other advances in Priority
1 Overdraft granted under Jan Dhan Yojana is to be categorised as:
under Priority Sector cataegory sector category

SMERA was founded in 2005 by SIDBI, some banks and

2 CIBIL Dun & Bradstreet

Banks open SB accounts under no-frill SB, multi-city cheque book facility,
3 line extension line extension
Sweep facility, priority customers etc. These can be classified under -----

MICR Cheques are used for clearing in India. The Centre Code in MICR
4 9 digits 9 digits
contains -----

The way in which the devices are The way in which the devices are
5 What is meant by 'Topology'?
interconnected interconnected

Electronic Data Interchange Electronic Data Interchange

signifying a standard formatted data signifying a standard formatted data
6 In electronic transmission of message, EDI refers to ----- between computer application between computer application
systems with a minimal manual systems with a minimal manual
intervention, like SWIFT, ECS etc intervention, like SWIFT, ECS etc

Persons directly or indirectly involved Persons directly or indirectly involved

7 In computer terminology, people ware normally refers to ----- in establishing and running the in establishing and running the
computerized systems computerized systems

Which organizations are vested with the responsibility of coordinating for National Payment Corporation of National Payment Corporation of
8
the implementation of CTS 2010 standards? India and IBA India and IBA

Marketing Information System consists of four sub-systems. Which one of

9 Internal Records System Internal Records System
the following is a sub-system of MKIS?

10 Provision Coverage Ratio (PCR) is the ratio of provisions to ----- Gross assets Gross non-performing assets

A Fixed deposit account stands in the joint names of A & B with the
11 condition former or survivor. Garnishee order is received in the name of A. is attachable is attachable
The balance in the account

12 Rural Co-operative banks are inspected by ----- NABARD NABARD

13 What does MTSS represent? Inward remittance scheme Inward remittance scheme

14 Which one of the following is an external factor influencing pricing? Competitor's policy Competitor's policy

Who among the following was the chairman of Committee on Customer

15 C. Rajgopalachary M. Damodaran
Service in Banks?

What is the minimum and maximum amount stipulated for NEFT There is no minimum or maximum There is no minimum or maximum
16
transactions? limit limit

What does The Credit Information Bureau (India) Ltd (CIBIL), incorporated Comprehensive credit information on Comprehensive credit information on
17
in 2000, provide to the banking industry? commercial and consumer borrowers commercial and consumer borrowers

18 Generally, LAN will not extend beyond ----. 150 Meters 150 Meters

Life Insurance Policy is assignable by an endorsement on the back of the

19 Notice to Insurer Notice to Insurer
policy or by separate deed of assignment. What is crucial to an assignment?

20 The word 'ISDN' stands for ----- Integrated Services Digital Network Integrated Services Digital Network

In a bank branch, the marketing function is carried out as the Direct

21 All of these All of these
Marketing Agent by -----

----- is the process in which the physical movement of cheques within or

22 between banks and clearing house is curtailed/eliminated and replaced by Automated Clearing Cheque truncation
electronic records of their content for further processing/transmission.

23 Which one of the following is considered a value added service? Tax collection Tax collection

24 In international factoring, there are generally number of factors. Two factors Two factors

25 Keyman insurance is taken by the firm ----- to cover against financial losses. on the life of their key employees on the life of their key employees

When there are two or more trustees, unless specifically stated in the Trust
26 Jointly Jointly
Deed, how are the operations by the trustees to be conducted?

If a product is initially priced higher and, over a period of time, it is reduced

27 market skimming pricing market skimming pricing
to attract more buyers, it is called -----
28 If the value of raw material to be bought on credit in an year is Rs. 200 Rs. 1 crore Rs. 1 crore
lakhs and each cycle of operation lasts 6 months, what is the LC limit per
cycle?

29 Financial inclusion denotes ----- to those who were earlier excluded all of the above all of the above

In ---- the product is initially priced higher and over a period of time it is
30 Market-skimming Pricing Market-skimming Pricing
reduced to attract more buyers.

---- is the one which provides for advance payment to the exporter for the
31 purpose of procuring shipment material and arranging for its actual Red clause letter of credit Red clause letter of credit
shipment.

32 Under farm mechanization scheme, loan is given for ----- Purchase of tractors, trailers etc. Purchase of tractors, trailers etc.

33 Nomination facility in bank accounts are permitted under which Act? Banking Regulation Act Banking Regulation Act

The order communicating the preliminary proceedings in a Garnishee order

34 Order nisi Order nisi
is called -----

In case of open ended schemes (except ELSS schemes), the new fund offer
35 upto 15 days upto 15 days
(NFO)should be open --------

36 Which of the following is not a cardinal principle of lending? Safety Growth

37 The Indian Financial System caters to the functions to ----- all of the above all of the above

38 When the holder of a cheque simply signs on the back of it, it is called ----- Endorsement in blank Endorsement in blank

39 Which of the following is not a type of a MF Scheme? Risk free scheme Risk free scheme

40 CAR is capital required to be brought in by a bank ----- In relation to its risk weighted assets In relation to its risk weighted assets

Confidentiality, Integrity and Confidentiality, Integrity and

A well documented Information Security Policy normally will have the
41 Availability of data to authorized Availability of data to authorized
following objectives, often referred to the C.I.A. pillars of security -----
persons persons

42 Which one of the following is not a characteristic of services? Tangibility Tangibility

43 DNS stands for ----. deferred net system deferred net settlement

---- allows access and retrieval of information on a variety of subjects, like

44 reference materials, magazine articles, government documents and Usenet Gopher
speeches.

Which one of the following is an important function of a Distribution

45 Providing Market Information Providing Market Information
Channel?

One with no pecuniary interest in the One with no pecuniary interest in the
46 An Independent Director is ------
company company

47 The BCSBI has been registered as a separateon 18th February 2006. Society Society

Children older than ---- years will no longer need the help of their parents or
48 14 10
guardians to open and operate a savings bank account.

When a bank wants to lend against immovable property to a partnership

49 Registrar of assurances Registrar of assurances
firm, the search is required to be carried out in the records of -----

50 Sales promotion becomes absolutely necessary at ----- stage of the product. Introduction Maturity

51 The bankers' lien is considered.. An implied pledge An implied pledge

Is the order for payment of funds in Is the order for payment of funds in
52 Garnishee order ----- (select the wrong statement)
an account an account

According to specific patterns of MKIS usage the major users of MKIS are ---
53 Top level Managers Middle-level managers
-. (Choose the most appropriate option)

54 PCR stands for ----- Provision coverage ratio Provision coverage ratio

When the bank lends to a SHG, what is the relationship between SHG and
55 Borrower and lender Borrower and lender
the bank?

---- is defined as the combining of two existing companies into a new

56 company, in which both the existing companies get extinguished and a new Consolidation Consolidation
company is created.

57 What is the maximum number of devices that LAN can support? 1000 1000

The positive differential effect that knowing a brand name has on consumer
58 Brand equity. Brand equity.
response to a product or service is called as ----.

59 Internet sale represents which marketing channel level? Two level Zero level

As a facility extended to avoid delay As a facility extended to avoid delay

in the implementation of a project till in the implementation of a project till
60 Bridge loan is sanctioned ----- the borrower receives the expected the borrower receives the expected
funds from approved sources for the funds from approved sources for the
project project
 Exit
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