JK Bank PO Banking Awareness Quiz- 2

jk bank quiz

JK Bank Quiz For General Banking Awareness

This is the second in-line banking awareness quiz in the upcoming series of quizzes and mock tests to help the aspirants for the upcoming JK Bank Associate and Probationary Officers posts.
1.Banks generally insist account holders to nominate persons to whom the money lying in their accounts should go in the event of
A. Illness of account holders
B. Death of account holders
C. Account holder migrates
D. Account holder turns bankrupt
Show Answer

2. Based on the recoveryof the dues, banks are required to classify non-performing assets in the books of the bank under the categories
A. Substandard, Doubtful and Bad Debts
B. Standard, Doubtful and Written-Off Assets
C. Standard, Substandard and Doubtful Assets
D. Substandard, Doubtful and Loss Assets
Show Answer

3. CP is an unsecured money market instrument issued in the form of a promissory note. In the abbreviation CP, Letter ‘P’ stands for
A. Paper
B. Portfolio
C. Payment
D. Promissory
Show Answer

4. The process that has to be undertaken by banks and other financial institutions to prevent them from being used by criminal elements for money laundering is
A. Credit Monitoring Process
B. Credit Rating Process
C. KYC Process
D. Due diligence Process
Show Answer

5. CVV is an anti-fraud security feature that helps verify that the customer is in posession of her card. The abbreviation of CVV stands for
A. Card Virtual Valuation
B. Confidential Virtual Verification
C. Card Verification Value
D. Coded Vulnerability Value
Show Answer

6. With the introduction of ATMs, Telebanking and Internet Banking, hours is not a constraint for transacting banking business, which is known as

A. Universal Banking
B. Worldwide Banking
C. Anywhere Banking
D. Global Banking
Show Answer

7. The Fair Practice Code for Credit Card Operations in banking industry has been evolved by
A. Indian Bank’s Association
C. Banking Codes and Standards Board of India(BCSBI)
D. National Institute of Bank Management
Show Answer

8. ATM is electronic tele-communication device that helps bank customers perform financial transactions
A. Anytime
B. Anywhere
C. Automated
D. Advanced
Show Answer

9. Banks are focussing more on retail Banking which offers opportunities to banks to
A. Invest in capital markets
B. consider large ticket term loans
C. set up joint ventures
D. cross set other retail loan products
Show Answer

10. Pre-shipment finance is provided by the banks only to
A. Credit Card Holders
B. Students aspiring for further studies
C. Brokers in equity market
D. Exporters
Show Answer

Be the first to comment

Leave a Reply

Your email address will not be published.