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RETAIL BANKING MCQ-2

UNIT -16: TEST YOURSELF Q.370. From which stage of  loan, the appraisal process    begin? a. From  application form b. Receipt of  application form duly filled  in c. From the time application is  processed d. When  applicant  is interviewed Q,371, What documents are to be submitted to bank for availing home   loan? a. Proof of Identity/proof of residence/proof of business  address b. Agreement  of sale copy/statement of bank  a/c or  Passbook c. Copy of approved plan/commencement of construction permission from local body/valuation of property  in  case  of  purchase under resale/search report/non-encumbrance certificate from bank's advocate for the last 30 years d. All above Q.372. Appraisal of  Loan comprises - a. Validation of  information  submitted by applicant b. Processing of  loan application c. Checking of  information  agains...
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RETAIL BANKING MCQ

Q.346. Entire financial needs of a  customer extends to   - (a) Insurance (b) Mutual Funds (c) Demat accounts/broking services and wealth management   solutions (d) All above Q.347. Banks are prohibited to offer other products as banks own products then how the banks are offering insurance/mutual funds and wealth management  services? (a) Through  agency  arrangements (b) As NBFC (c) As subsidiary (d) Both (a) +  (d) Q.348. How the banks may enter mutual fund business? What are its terms and conditions stipulated by RBI? (a) Act as agent of customers and at customer's    risk (b) Not acquiring of units of mutual funds from secondary market/ no buy back to   units (c) Loan/credit facility against unit of mutual funds as per RBI guidelines/retailing of units of mutual funds be  confined  to certain select branches (d) All above Q.349. For undertaking insurance business, banks are per...
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RB- Module D : Other Issue Related to Banking MCQ

Q.322. What  is securitisation? (a) Process of converting and breaking definable asset classes into tradeable   units (b) Process of pooling of individual long term loans which are packed and solid to various    investors (c) Both (a) + (b) (d) It is a structured process and effected only for standard assets and rated to enable the buyers to take a call on investing on   the PTCs. Q.323. Asset backed securitisation is   - (a) Backed by retail  loans (b) Backed by  retail loans other than housing   loans (c) Both (a) + (b) (d) None Q.324. What is the formula for calculation of   EMI? (a) Principal x Rate of interest x time 100 x 12 (b) p  x rx (1+r) /  [(1+r)-1] c)Both (a) + (b),  d)None Q.325. Securitisation  process  involves - a) Lender selects  the assets for  securitisation b) Issuer (SPV)  make payment of  lender c) Assets are ...
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TECHNOLOGY IN RETAIL BANKING MCQ

Q.435. It is possible to do, anywhere anytime banking in India without    personal computer? a.Internet,b.Mobilec.Telenetd.Intranet Q.436. How many bowling business models are available in mobile   banking? a. Bank focused, b. Bank Led  c. Non-bank Led, d.Multi Model, e. Above (a+b+c) Q.437. Which banking business is useful for existing traditional   customers? a. Bank focused,  b. Bank Led, c. Multi Model, d.Non-bank Led Q.438. What is distrinctive feature of bank led Model under mobile   banking? (a) Customer conducts financial transactions at a whole range of retail agentgs instead of bank branches (b) Use of  non-traditional  low-cost delivery channel (c) Bank does not  come into  picture (d) Above (a) + (c) Q.439. How does internet banking and mobile banking   differ? (a) Mobile banking uses  cellular  technology  and GSM  net works (b) Internet is based on shari...
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SERVICE STANDARDS FOR RETAIL BANKING MCQ

Q.284. Banking codes and  standards  Board of India (BCSBI) is an  independent semi-regulatory orgnisation. It  is  implemented  from 1st July 2007. It is a - a. Voluntary code of  conduct of  banks for  individuals b. For compliance of promises made by banks under retail banking to   customers c. Statutory authority for  punishing  banks d. Both (a) +  (b) Q.285. BCSBI is a  voluntary code such as   - a) Minimum standards of banking practices for banks to  follow b) Maximum standards of banking practices their meaning   universally c) Statutory  authority  for  punishing banks d) Both (a) +  (b) Q.286. BCSBI is bound to comply the code for   - (a) Corporate customers (b) Individual customers (c) Individual  and  Corporate customers (d) Not bound Q.287. BCSBI has been constituted to   - (a) Promote good an...
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