Certification on Banking & Finance by Lingaya’s Lalita Devi Institute
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Start Test on Banking & Finance
Certification on Banking & Finance by Lingaya’s Lalita Devil Institute > Start Test on Banking & Finance
1. The test is based on Banking & Finance.
2. Select the correct option to answer each question.
3. Please refer to the maximum time allowed for each exam. This exam is for 20 min.
4. This is the time available for the candidate to demonstrate the widest range of skills they can, and candidates are
advised to make full use of this.
5. This exam is of 100 marks, there is no negative marking
6. A certificate of Achievement in Banking & Finance is awarded by Lingaya’s Lalita Devi Institute of Management &
Sciences only after securing a min 50% mark in the assessment which judges the basic concepts of Banking & Finance.
7. All earned certificates are in your profile section.
8. All our certificates can be verified online with a unique certificate id.
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1.Question
Which of the following is used for International Monetary Transfer?
RTGS
NEFT
SWIFT
None of these
▶️ SWIFT
2. Question
What is OTP in credit card transaction?
O Odd Transaction Password
Owner is Trading Pass code
One Time Password
One Time Pincode
▶️ One Time password
3. Question
One of the items is not related with e-banking
Demand draft
spms
ECS
ATM
▶️ Demand draft
4. Question
Which one among the following has not started commercial banking?
SIDBI
IDBI
ICICI
nno
▶️ SIDBI
5. Question
Reserve Bank of India is
an extension wing to ministry of finance, Government of India
a body corporate having perpetual secession and a common seal
an institution owned by Indian Banks Association
a private sector company
▶️ an extension wing to ministry of finance, Government of India
6. Question
The number of approved stock exchange in India is
24
21
18
15
▶️ 21
7.Question
NABARD has taken over the entire functions of
ARDC
ACD of RBI
RPCD of RBI
All of the above
▶️ All of the above
B.Question
Which of the following is not a function of a Bank
To accept deposits
To waive loans
To grant advances
To supply input to farmers
▶️ To grant advance
9. Question
Repo Rate” refers to the rate at which
RBI borrows short term money from the markets
Banks keeps the money with RBI
Bills are discounted by RBI
Forex purchased by RBI
▶️ Banks keeps the money with RBI
10.Question
A card is basically a payment mechanism which allows the holder of the card to make purchase without any immediate
cash payment
ATM
CREDIT
DEBIT
▶️ Credit
11. Question
Retail Banking means
Credit facilities extended to retail traders
Providing personal banking services directly to the consumers
Collection of large number of dividend/interest warrants
All of the above
▶️ All of the above
12. Question
In which type of business all owners share in gains and losses and all have unlimited liability for all business debts?
Sole proprietorship
General Partnership
Limited Partnership
Corporation
▶️ General Partnership
13. Question
Which one of the following is concerned with the Acquisition financing and management of assets with some overall goal in
mind?
Financial management
Profit maximization
Agency theory
Agency theory
▶️ Financial Management
14. Question
An individual authorized by another person, called the principle to act on the latter’s on behalf is known as:
Agent
Servant
Subordinate
Assistant
▶️ Agent
15. Question
Quick Ratio is also known as
Current Ratio
Acid-test Ratio
Cash Ratio
None of the given options
▶️ Acid test Ratio
16. Question
Which of the following item provides the important function of shielding part of income from taxes are:
Inventory
Supplies
Machinery
Depreciation
▶️ Depreciation
17.Question
The process of determining the present value of a payment or a stream of payments that is to be received in the future is:
Discounting
Compounding
Factorization
Accounting
▶️ Discounting
18. Question
In which form of Business owners have limited liability is
Sole Proprietorship
Partnership
Joint Stock Company
Entrepreneurs
▶️ Sole Proprietorship & partnership
19. Question
All the constituencies with a stake in the fortunes of the company are termed as
Stakeholders
Directors
Chief executives
Subordinates
▶️ Stakeholders
20. Question
Corporate governance encompasses the relationship among a Company’s
Shareholders and board of director
Board of Directors and senior management
Shareholders and senior management
Shareholders the board of directors and senior management
▶️ Shareholders the board of directors and senior management
21. Question
What is the average beta of all stocks in a market?
-1
0
1
15
▶️ 1
22. Question
What type of risk can be eliminated by diversifying a portfolio?
Specific risk
security risk
market risk
beta
▶️ specific risk
23. Question
The ratio between amount of profit and investment is known a
NPV
opportunity cost
risk premium
rate of return
▶️ rate of return
24. Question
Which from the following is NOT an example of intangible assets?
Trademarks
Patents
Buildings
Technical expertise
▶️ Buildings
25. Question
The following are the examples of financial assets except?
Stocks
Bank loan
Bond
Raw material
▶️ Raw material