Banking Quiz.

Banking & Financial Awareness Quiz – Set 114

Banking & Financial Awareness Quiz: We have created many quizzes on Banking Awareness and this set is one of them. These questions are most important for banking and insurance exams. The question asked in the Banking Awareness section are based both on static banking and that to current banking in news. These Banking Awareness sets will guide you in all banking exams like IBPS Clerk, IBPS PO, SBI Clerk, SBI PO, RRB Clerk and PO and other exams.  The set will be beneficial for the Banking and financial awareness section of LIC AAOSo attempt all the sets now.

Banking & Financial Awareness Questions

  1. The planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization is known as__________
    A) Organisational Management
    B) Human Resource Management
    C) Financial Management
    D) Asset Management
    View answer
    Option C
  2. Which of these is not a valid type of account in relation to Accounting field?
    A) Business
    B) Nominal
    C) Real
    D) Personal
    View answer
    Option A
    Explanation:
    There are three types of accounts. Personal account: Debit the receiver and credit the giver. Real account: Debit what comes in and credit what goes out. Nominal account: Debit all expenses & losses and credit all incomes & gains.
  3. The value in the present of a sum of money, in contrast to some future value it will have when it has been invested at compound interest is known as___________
    A) Fair Trade Price
    B) External Debt
    C) Debt Equity Ratio
    D) Net Present Value
    View answer
    Option D
  4. ____________is an agreement between the lender and borrower allowing the borrower to take possession of goods immediately and start making payments in the future.
    A) Deferred Payment
    B) Hedge Fund
    C) Net Interest Income
    D) Pricing Options
    View answer
    Option A
  5. A written commitment to pay, by a buyer’s bank to the seller’s bank provided the seller meets precisely-defined conditions and submits the prescribed documents within a fixed time frame is known as________
    A) Balance Sheet
    B) Letter of Credit
    C) Completion Certificate
    D) Finance Bill
    View answer
    Option B
  6. ___________ is the payment which the company will receive from its customers who have purchased its goods & services on credit.
    A) Excess Grants
    B) Debt Funds
    C) Accounts Receivable
    D) Liquidity trap
    View answer
    Option C
  7.  When transactions are recorded in the books of accounts as they occur even if the payment for that particular product or service has not been received or made it is known as________
    A) Hedge Accounting
    B) Sustainability Accounting
    C) Cash Accounting
    D) Accrual Accounting
    View answer
    Option D
  8. The headquarter of Institute of Chartered Accountants of India (ICAI) is in which city?
    A) Bengaluru
    B) New Delhi
    C) Kolkata
    D) Pune
    View answer
    Option B
  9. The financial statement of a company which includes assets, liabilities, equity capital, total debt, etc. at a point in time is termed as ____________
    A) Balance Sheet
    B) Appropriation Bill
    C) Capital Account
    D) Equity Finance
    View answer
    Option A
  10. What is Chattel mortgage?
    A) Combining more than one debt obligation into a new loan with a favourable term structure
    B) Money borrowed by a company to be paid back at a future date with interest
    C) Loan extended to an individual or a company on a movable property
    D) Method of raising fresh capital by selling shares of the company to public, institutional investors, or financial institutions
    View answer
    Option C

Read More Banking Awareness Topics

Attempt Banking Awareness Quiz

Leave a Comment

Your email address will not be published. Required fields are marked *