caiibmocktest.in

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Question 1 reset

Which of the following is a Traditional credit product?

overdraft

cash credit

Term Loan

Demand Loan

All the above

Question 2 reset

Which of the following credit products is self liquidating?

overdraft

Term Loan

Bill Finance

Question 3 reset

The basic principle adopted for developing credit schemes is/are

Customer segment

Business orientation of the bank

Both the above

Question 4 reset

Which of the following is a remittance facility provided to customers of bank?

Pay order

Real Time Gross Settlement

National Electronic Fund Transfer

All the above

Question 5 reset

Which of the following is a fee based service?

Collection of Cheques

Safe Deposit Lockers

Standing Instructions

Merchant banking services

All the above

Question 6 reset

Which of the following is a Non fund based business of the bank?

Letter of Credit

Bank Guarantee

Both the above

Question 7 reset

The difference between fund based business and non fund based business is on account of:

Cost of funds

Outlay of funds

Question 8 reset

What is the nature of liability when a bank issues Bank Guarantee or Letter of Credit?

Maturing liability

Contingent liability

Question 9 reset

Crystalisation of liability in case of Bank Guarantee or Letter of Credit means which of the following?

Extinguishing the liability

Conversion of contingent liability into actual liability

Question 10 reset

Banks prefer Bank Guarantee and Letter of Credit business for which of the following reasons?

There is scope for earning commission.

There is no outlay of funds.

Both the above

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