What is the main difference between Factoring and Forfaiting?
a. Factoring involves the sate of accounts receivable while Forfaiting involves the sale of accounts payable
b. Factoring is a short-term financing option while Forfaiting is a long-term financing option
c. Factoring involves the sale of invoices at a discount while Forfaiting involves the sale of trade receivables without recourse
d. Factoring is only applicable to small and medium-sized enterprises while Forfaiting is only applicable to Large corporations
Ans – c
Which type of bank cannot issue Certificate of Deposit (CD)?
a. Scheduled Commercial Banks (SCBs)
b. Small Finance Banks (SFBs)
c. Regional Rural Banks (RRBs)
d. Payment banks
Ans – d
Which of the following factors determines the risk of the Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme for Insurance company?
a. The premium charged to the farmers
b. The level of government subsidy provided
c. The geographicaL area covered by the scheme
d. All of the above
Ans – d
INFINET stands for ……
a. Indian Financial Communication Network
b. Institute of Financial Network
c. Indian Financial Network
d. None of these
Ans – c
Which of the following Is a mandatory requirement for making IMPS transactions?
a. Customer Aadhaar
b. Customer PAN
c. Beneficiary IFSC
d. Beneficiary Bank MMID
Ans – c
A customer has a credit balance of 1 lakh in his account. A garnish order has been received for an amount of 65,000. There is also a cheque of Rs. 45000/- due for clearance. What would be the balance in the account and should the cheque be cleared?
a. Balance of 1,00,000, cheque should be deared
b. Balance of 35,000, cheque should not be cleared
c. Balance of 1 lakh, cheque should be cleared
d. Balance of I lath, cheque should not be cleared
Ans – b
What is the difference between a router and a hub?
a. A hub is used to connect multiple devices in a network, while a router is used to connect different networks
b. A router is used to connect multiple devices in a network, white a hub is used to connect different networks
c. A hub sends data packets to all connected devices while a router forwards data packets to their intended destination
d. A router sends data packets to all connected devices, while a hub forwards data packets to their intended destination
Ans – c
Banks make mandatory of positive pay system in CTS of cheques for amounts of ……
a. 50000 and above
b. 1 lakh and above
c. 5 lakh and above
d. 50 lakh and above
Ans – c