West Bengal SET Commerce 2020
- During the depression, it is advisable to
(A) Increase ‘Bank Rate’ and Purchase Securities in the open market.
(B) Lower ‘Bank Rate’ and Purchase Securities in the market.
(C) Decrease ‘Bank Rate’ and sell Securities in the open market.
(D) Increase ‘Bank Rate’ and sell Securities in the open market. - Read the following statements and give the correct answer using the codes given below:
(a) The Banker’s lien is an implied pledge.
(b) Right of lien and right of set-off can be exercised simultaneously at the same time.
(c) One of the essential requirements of a pledge is the actual or constructive delivery of goods pledged by the pawner to the pawnee.
(d) Limitation period for filing a suit for sale of mortgaged property is thirty years from the date of mortgaged debt becoming due.
Codes:
(a) (b) (c) (d)
(A) True False False True
(B) True False True False
(C) True True False False
(D) False False True True - Contango charge is paid by a:
(A) Bull Speculator to Bear Speculator
(B) Bear Speculator to Bull Speculator
(C) Stag Speculator to Bull Speculator
(D) Lame Duck to Bear - Match the items of List-I with the items of List-II and select the correct answer using the codes given below the lists:
List-I List-II (a) Debit Card (i) Several Storage (b) Credit Card (ii) Online recovery of amount (c) Electronic Purse (iii) Image Processing use (d) Cheque function (iv) Revolving Credit Codes:
(a) (b) (c) (d)
(A) (iii) (i) (iv) (ii)
(B) (i) (ii) (iii) (iv)
(C) (iv) (iii) (i) (ii)
(D) (iv) (iii) (ii) (i) - Match between types of mutual funds in List-I and their respective features in List-II and select the correct answer using the codes given below the lists:
List-I List-II (a) Open-ended Fund (i) Maximises short-term return to investment. (b) Income Fund (ii) Can sell unlimited number of units (c) Close-ended Fund (iii) The units are not redeemable at their NAV (d) Growth Fund (iv) Maximises long-term return to investors Codes:
(a) (b) (c) (d)
(A) (iii) (iv) (ii) (i)
(B) (iii) (iv) (i) (ii)
(C) (ii) (i) (iv) (iii)
(D) (ii) (i) (iii) (iv) - The rate at which Bank parks its short-term excess liquidity with RBI is called
(A) Bank Rate
(B) Reverse Bank Rate
(C) Repo Rate
(D) Reverse Repo Rate - Which bank is called the ‘Bank of Issue’?
(A) IFCI
(B) RBI
(C) IDBI
(D) ICICI - Match between List-I (Names of Bank) and List-II (year of establishment) in order to find the correct match using the codes given below the lists:
List-I List-II (a) SBI (i) 1990 (b) SIDBI (ii) 1955 (c) NABARD (iii) 1981 (d) Exim-Bank (iv) 1982 Codes:
(a) (b) (c) (d)
(A) (ii) (i) (iii) (iv)
(B) (i) (ii) (iv) (iii)
(C) (ii) (iii) (iv) (i)
(D) (ii) (i) (iv) (iii) - For the following statements of Assertion (A) and Reason (R) select the correct code:
Assertion (A) : Banks globally are facing more challenges now, and macro sustainability is a necessity but not sufficient for sustainable economic growth.
Reason (R) : Putting regulation in place is only one part and their implementation is equally important for achieving growth and sustainability.
Codes:
(A) Both (A) and (R) are true and (R) is the correct explanation of (A)
(B) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(C) (A) is true and (R) is false
(D) (A) is false and (R) is true - Which of the following are the instruments of Money Market?
(a) Call Money Market
(b) Commercial Bill Market
(c) Industrial Securities Market
(d) Short-term Loan Market
(e) Treasury Bill Market
Codes:
(A) (a), (b), (c) and (d)
(B) (a), (b), (d) and (e)
(C) (a), (b), (c) and (e)
(D) (a), (c), (d) and (e)
1 (d) 2 (b) 3 (c) 4 (b) 5 (d) 6 (a) 7 (d) 8 (b) 9 (a) 10 (b)
West Bengal SET Commerce 2018
- Match the types of charges usually created by the banks to safeguard their advances in the List-I with their meaning in the List-II and select the correct answer using the codes given below:
List-I List-II (a) Assignment (i) Bailment of goods for the purpose of providing security for payment of debts or performance of promises. (b) Set-of (ii) Providing security by transferring right, actionable claim or property. (c) Hypothecation (iii) Mortgage of movable property. (d) Pledge (iv) Merging of total or partial claim of one person against another in a counter claim by the later against former. Codes:
(a) (b) (c) (d)
(A) (ii) (iv) (i) (iii)
(B) (ii) (iv) (iii) (i)
(C) (ii) (iii) (iv) (i)
(D) (iii) (ii) (i) (iv) - As per Basel II Framework the Total of Tier 2 Capital is permitted upto a maximum of:
(A) 100 per cent of Tier 1 Capital
(B) 250 per cent of Tier 1 Capital
(C) 80 per cent of Tier 1 Capital
(D) 50 per cent of Tier 1 and Tier 3 Capital - Match the List-I with List-II and select the correct answer using the codes given below:
List-I List-II (a) Standard Asset (i) Loss Assets (b) Liquid Asset (ii) Performing Assets (c) Investment (iii) Cash Balance (d) Non-Performing Assets (iv) Govt. Security Codes:
(a) (b) (c) (d)
(A) (ii) (iii) (i) (iv)
(B) (ii) (i) (iii) (iv)
(C) (iv) (iii) (ii) (i)
(D) (ii) (iii) (iv) (i) - Match List-I with List-II and select the correct answer using the codes given below:
List-I List-II (a) SIDBI (i) Providing financial and technical assistance to entrepreneurs. (b) SFC (ii) Providing capital to small and medium industries. (c) IFCI (iii) Reconstruction and establishment of new industries. (d) NISC (iv) Development and financial assistance for small scale industries. Codes:
(a) (b) (c) (d)
(A) (iv) (i) (iii) (ii)
(B) (iv) (iii) (ii) (i)
(C) (iv) (ii) (iii) (i)
(D) (iii) (iv) (ii) (i) - Which one of the following statements is incorrect?
(A) The LIC and GIC are non-banking financial intermediaries in India.
(B) LIC and UTI are non-banking financial institutions.
(C) ICICI was promoted as a private sector development Bank at the initiative of the World Bank in 1955.
(D) Unit Trust of India is a Mutual Fund in private sector. - What is the minimum and maximum limits (in Rupees) prescribed for RTGS transaction?
(A) The minimum prescribed limit is Rs.1 lac and maximum Rs.10 lacs.
(B) The minimum prescribed limit is Rs.25,000 and maximum Rs.1 lac.
(C) The minimum prescribed limit is Rs.2 lacs and there is no maximum limit.
(D) The minimum limit is Rs.10 lacs and maximum is Rs.100 lacs. - What do you mean by para banking services?
(A) Eligible financial services rendered by banks.
(B) Utility services provided by bank.
(C) Services provided through business correspondent.
(D) Services provided to the armed forces personnel.
West Bengal SET Commerce 2017 Paper II
- Which of the following committees are related to banking sector reforms in India?
(a) Narasimham committee and L.C. Gupta committee
(b) L.C. Gupta committee and Verma committee
(c) Narasimham committee and Verma committee
(d) Verma committee and Malhotra committee - SIDBI was set up in
(a) 1989
(b) 1990
(c) 1988
(d) 1991 - CBS implies
(a) Core Banking System
(b) Central Banking System
(c) Core Banking Solution
(d) Central Banking Solution - In 1969, commercial banks were nationalised.
(a) 6
(b) 20
(c) 14
(d) 11 - ‘ NABARD came into existence on
(a) July 14, 1982
(b) June 14, 1982
(c) June 12, 1982
(d) July 12, 1982
West Bengal SET Commerce 2017 Paper III
- Sale of securities after the trading hours of the stock exchange is known as
(a) Stop loss
(b) Kerb dealing
(c) Profit taking
(d) Short selling - Which of the following is not an Accounting Concept?
(a) Matching Concept
(b) Dual Aspect Concept
(c) True and Fair Concept
(d) Going Concern Concept - If a company sells its receivable to another party to raise funds, it is known as
(a) Securitization
(b) Factoring
(c) Pledging
(d) Hedging - Primary Market in India is regulated by
(a) Reserve Bank of India
(b) Securities and Exchange Board of India
(c) Ministry of Finance
(d) Forward Market Commission - The first screen based nationwide stock exchange in India was
(a) NSE
(b) OTCEI
(c) BSE
(d) MCX - If the expected return on market portfolio is 20%, beta of portfolio is 1.175 and the risk free rate is 10%, the expected return on the above portfolio is equal to
(a) 24%
(b) 29%
(c) 21.75%
(d) 12.75% - Which of the following is a case of ‘Spin-off’?
(a) Assets sold in the market
(b) A division converted into a company
(c) Assets transferred to lenders
(d) Assets purchased by the company - Long term non-concellable lease agreement is called _________.
(a) Operating lease
(b) Finance lease
(c) Sale and lease back
(d) Leveraged lease - Who is not a Speculator in the Stock Exchange among the following?
(a) Stag
(b) Bull
(c) Bear
(d) Broker - Match the Types of Mutual Funds in List-I with their respective features in List-II and find the correct answer using the codes given below the Lists:
List I(Types of Mutual Funds) List II (Features) (A) Open-ended Fund (i) Maximises short term return to investors (B) Income Fund (ii) Can sell unlimited number of units (C) Close-ended Fund (iii) The units are not redeemable at their NAV (D) Growth Fund (iv) Maximise long term return to investors Codes:
(A) (B) (C) (D)
(a) (iii) (iv) (ii) (i)
(b) (iii) (iv) (i) (ii)
(c) (ii) (i) (iv) (iii)
(d) (ii) (i) (iii) (iv) - Match between List-I and List-II to find the correct combination using the codes given below the Lists:
List I List II (A) Bull (i) Agrees to sell on a fixed date but finds it difficult to meet his commitment (B) Bear (ii) Buys the shares to sell them in future expecting a price rise (C) Lame duck (iii) Neither buys nor sell but merely applies for shares to sell at a Premium (D) Stag (iv) Agrees to sell on a fixed date expecting a fall in price Codes:
(A) (B) (C) (D)
(a) (ii) (i) (iii) (iv)
(b) (i) (iii) (ii) (iv)
(c) (ii) (iv) (i) (iii)
(d) (iv) (i) (iii) (ii) - Contago charge is paid by a
(a) Bull Speculator to Bear Speculator
(b) Bear Speculator to Bull Speculator
(c) Stag Speculator
(d) Lame Duck to Bear - National Security Depository Limited (NSDL)was set up to overcome the problems of
(A) Delay in transfer of securities.
(B) Bad deliveries on account of forged or fake certificates.
(C) Delay in receipts of securities/refund to nonallottees.
(D) Inadequate infrastructure to handle a large volume of applications and store share certificates.
Codes:
(a) (A) and (B) are correct
(b) (C) and (D) are correct
(c) (A), (B), (C) and (D) are correct
(d) (A), (B), (C) and (D) are incorrect
West Bengal SET Commerce 2015 Paper II
- The following is generally the sponsor institution of a RRB
(a) RBI
(b) Nationalized bank
(c) Union Ministry of Rural Development
(d) State Finance Corporation - The following micro finance institution in India got the nod from the government to start commercial banking very recently
(a) IDBI Bank
(b) IndusInd Bank
(c) Bandhan Bank
(d) Yes Bank - The number of times the famous Banking Sector Reforms Committee in India under the chairmanship of Narasimham submitted its report is
(a) One
(b) Two
(c) Three
(d) Four - The following Indian bank has the highest number of overseas branches
(a) State Bank of India
(b) Bank of Baroda
(c) Indian Overseas Bank
(d) Axis Bank - OTP in internet banking stands for
(a) Only True Password
(b) One Time Password
(c) One Term Password
(d) One Terminal Password
West Bengal SET Commerce 2015 Paper III
- The following can not be a measure of security risk
(a) Beta
(b) Standard deviation
(c) Variance
(d) Expected value - OTCEI in India was floated as per the style of formation of the following foreign stock exchange
(a) NYSE
(b) NASDAQ
(c) Luxembarg
(d) London - The following party bears a limited amount of risk in options trading:
(a) Option buyer
(b) Option writer
(c) Jobber
(d) Broker - The following statement is not true about lease financing:
(a) Lease is an off-the balance sheet source of financing.
(b) Lease can be both a short-term and longterm source of financing.
(c) The lessee becomes the eventual owner of the leased asset in all types of lease.
(d) Repair and maintenance cost of the leased asset may be borne either by the lessee or by the lessor. - The following can not be a money market instrument:
(a) Treasury bill
(b) Commercial paper
(c) Certificate of deposit
(d) Fixed deposit - In calculation of return of securities, the following component can not have any representation
(a) Cash Dividend
(b) Bonus Dividend
(c) Price difference
(d) Stock or share split - The following is not any credit rating agency:
(a) CRISIL
(b) CARE
(c) ICRA
(d) CDSL - Which of the following is a fund-based financial service?
(a) Credit rating
(b) Venture capital financing
(c) Broker to an issue
(d) Banker to an issue
Maharashtra SET Commerce 2021 September
- The major player in the Indian money market is ……………………. .
(a) Co-operative banks
(b) Indigenous banks
(c) Commercial banks
(d) Reserve Bank of India - Which of the following is not the principal function of the RBI ?
(a) Bankers Bank
(b) Currency issue
(c) Government’s Bank
(d) Bankers to the local self government - The safest form of crossing is …… .
(a) General crossing
(b) Special crossing
(c) Double crossing
(d) A/c payee crossing - The bank through which the issuing bank arranges to advice the letter of credit to the beneficiary is called as …………………… .
(a) Bank of issue
(b) Advising bank
(c) Payee bank
(d) Authorised bank - ……………….. is financing and maintenance of book debts by another party.
(a) Del-credere contract
(b) Debt brokerage
(c) Factoring
(d) Bill discounting - All the exchange rates quoted on the screen or in print are for …….. unless otherwise mentioned.
(a) Spot transactions
(b) Forward transactions
(c) Cash transactions
(d) Tom transactions - Merchant bankers are ……………. .
(a) Financial brokers
(b) Financial intermediaries
(c) Credit appraisers
(d) Underwriters - The committee which recommended establishment of data warehouse is……………………… .
(a) Vasudevan Committee
(b) Rangarajan Committee
(c) Saraf Committee
(d) Shere Committee - The Basel Committee on Banking supervisory authorities was established by………………….. .
(a) The Central bank governors of the group of ten countries
(b) European countries
(c) India
(d) U.S.A. - The ratio of shareholders funds to the total assets measures that shifts in the ratio of owned funds to total funds is …………………… .
(a) Economic equity ratio
(b) Fund based ratio
(c) Total asset ratio
(d) Liquidity ratio
1 (c) 2 (d) 3 (d) 4 (b) 5 (c) 6 (a) 7 (b) 8 (a) 9 (a) 10 (a)
Maharashtra SET Commerce 2020 December
- The best procedure for opening an account in the name of a minor ‘X’ and the guardian ‘Y’ would be under style :
(a) ‘X’ Account
(b) ‘X’ Account—Minor
(c) ‘Y’ in trust for ‘X’
(d) ‘Y’ Account - The ‘Bankers’ fair practice code was brought out in June 2004 by …….
(a) I.B.A. (Indian Bankers’Association).
(b) R.B.I.
(c) Govt. of India
(d) Ministry of Finance - Which of the following is not a quantitative measure of risk ?
(a) Risk measurement based on sensitivity
(b) Risk measurement based on volatility
(c) Risk measurement based on downside potential
(d) Risk measurement based on pricing - ………………. is the credit limit for funded or non-funded business allowed by bank or financial institutions to other banks or Government to other parties.
(a) Lines of credit
(b) Authorised credit
(c) Approved credit limit
(d) Regulated credit limit - ‘Not negotiable’ crossing is warning to the …………
(a) Paying banker
(b) Collecting banker
(c) Holder
(d) (A) and (B) together - …………… is a measure of sensitivity of future cash flows and profits of a bank to unanticipated exchange rate changes.
(a) Translation exposure
(b) Transaction exposure
(c) Operating exposure
(d) Operational exposure - AAA symbol used by CRISIL describes ………………
(a) Highest Credit Quality
(b) High Credit Quality
(c) Adequate Credit Quality
(d) Moderate Credit Quality - ……………….. have jointly promoted the National Securities Depository Limited (NSDL).
(a) ICICI, GIC, SBI
(b) SHCIL, NSCC, IFCI
(c) IDBI, UTI, NSEI
(d) NSCC, IFCI, ICICI - ……………. is an exchange of specific streams of payment over an agreed period of time.
(a) Swap
(b) Premium
(c) Future
(d) Option - Operational risk arises from ………..
(a) Default
(b) External events
(c) People and system
(d) Inadequate internal process
1 (c) 2 (a) 3 (d) 4 (a) 5 (c) 6 (c) 7 (a) 8 (c) 9 (a) 10 (b)
Maharashtra SET Commerce 2019 June
- ………………….. it is a risk arising out of human errors, technical faults,infrastructure breakdown and faulty systems ?
(a) Exchange risk
(b) Settlement risk
(c) Gap risk
(d) Operational risk - In case of ………………….. debentures,the investors are given the option to convert their investment in the form of equity shares of the company.
(a) Fully convertible
(b) Partly convertible
(c) Non-convertible
(d) Optionally convertible - ……………………. are the persons legally permitted to deal in or handle transactions related to foreign exchange as per FEMA 1999.
(a) Underwriters
(b) Authorised persons
(c) Taraniwala
(d) Joggers - …………………… is a communication system which provides transmission of financial messages, certifying the authenticity, across the globe between members.
(a) RTGS
(b) NEFT
(c) SWIFT
(d) FINFAST - Bank should classify an account as NPA only if the interest charged during any quarter is not serviced fully within ………………… from the end of quarter.
(a) 90 days
(b) 180 days
(c) 360 days
(d) 450 days - ……………………. is an indirect instrument of credit control used by the RBI to meet day to day liquidity mismatches in the system and check volatility in the short-term money market.
(a) Credit monitoring arrangement (CMA)
(b) Liquidity adjustment facility (LAF)
(c) Credit authorization scheme (CAS)
(d) Market stabilization scheme (MSS) - The balance of a joint account in the name of X, Y and Z should be paid on the death of X :
(a) To the legal representative of X
(b) To Y and Z
(c) To Y or Z
(d) To the legal representative of X,Y and Z - The main purpose of insurance is :
(a) Compensate the loss
(b) Provide security
(c) Share the losses of few people among many
(d) Indemnification - Secondary financing of bills or credit portfolio already financed by banks or institutions as a support to primary financers is termed as ..
(a) Refinance
(b) Supplementary finance
(c) Counter finance
(d) Demand based finance - Pre-matured payment of term loan will result in interest rate risk of …………………. type.
(a) Basic risk
(b) Yield curve risk
(c) Embedded option risk
(d) Mismatch risk
1 (d) 2 (d) 3 (b) 4 (c) 5 (a) 6 (b) 7 (d) 8 (d) 9 (a) 10 (c)
Maharashtra SET Commerce 2018 January Paper II
- The lending rates of commercial banks are usually :
(a) Not affected by Bank rate
(b) Not related to Bank rate
(c) Lower than Bank rate
(d) Higher than Bank rate - Banks which operate through single office and generally confined to limited area of town or city are called :
(a) Central Banks
(b) Urban Banks
(c) Unit Banks
(d) Metro Banks - When money is lent or borrowed for one day or on overnight basis it is known as :
(a) Term Money
(b) Call Money
(c) Notice Money
(d) Near Money - Who was the first Indian Governor of RBI ?
(a) C. D. Deshmukh
(b) Bengal Rama Rau
(c) R. K. Shanmukham Chetty
(d) K. G. Ambegaonkar - Along with Central and State Governments the paid up capital of RRB is shared by :
(a) RBI
(b) Sponsoring Bank
(c) NABARD
(d) SBI
Maharashtra SET Commerce 2018 January Paper III
- By mobilizing savings and lending them as credit, banks act as :
(a) Capital Market
(b) Financial Intermediaries
(c) Forex Dealer
(d) Lender of last resort - Which among the following is incorrect ?
(a) RBI is the Bank of Issue
(b) RBI acts as Banker to the Government
(c) RBI is Banker’s Bank
(d) RBI is lender to the large industrial corporations - Basel II accord is mostly concerned with :
(a) Central Vigilance Commission
(b) Non-performing Assets
(c) Capital Adequacy Ratio
(d) Foreign Direct Investment - Banking Ombudsman means :
(a) A person appointed to recoverdues
(b) A person to whom customer can approach for redressal of his grievances
(c) A person appointed to settle disputes between employees and management
(d) A person appointed by RBI to oversee the functioning of foreign banks
Maharashtra SET Commerce 2017 April Paper II
- Banking sector reforms have not lead to____________.
(a) Attractive deposit avenues
(b) Reduction in NPA
(C) Easier credit terms
(d) Better service - In India a bank is classified as scheduled bank if:
(a) It is listed on stock exchange
(b) It has minimum 1000 branches
(C) It is included in the second schedule of RBI Act,1934
(d) It has deposits of Rs.one crore and above - Rationing of credit is an instrument of:
(a) Open market operations
(b) Selective credit controls
(C) Quantitative credit controls
(d) Credit creation - Which of the following institutions is called as ‘Lender of last resort” with reference to bank in India?
(a) NABARD
(b) SEBI
(C) RBI
(d) SBI - Narsimham Committee (I) recommended to reduce SLR in five years from the level of 38.5% To:
(a) 20%
(b) 35%
(C) 25%
(d) 15% - The wholly owned subsidiary of SIDBI is:
(a) SBI
(b) RRB
(C) MUDRA
(d) RBI
Maharashtra SET Commerce 2017 April Paper III
- Which of the following is not a principal of bank lending?
(a) Collective responsibility
(b) Liquidity
(c) Security
(d) Profitability - Which of the following is not induced in three pillars of BASEL capital accord?
(a) Minimum capital requirement
(b) Supervisory review
(c) Market discipline
(d) Core banking solutions - What is full form of CTS?
(a) Call trade system
(b) Cheque truncation system
(c) Cheque transmission system
(d) Cheque transport system - Which of the following sectors does not come under the perview of IDBI for term lending?
(a) Defence equipmetns
(b) Informatics
(c) Health care
(d) Storage and distribution of energy
Maharashtra SET Commerce 2016 May Paper II
- The interest rate of Reserve Bank of India charged to loans to Commercial banks known as____.
(a) Bank rate
(b) Credit rate
(c) Repo rate
(d) Prime lending rate - The important factor of increasing non-performing assets of Nationalized Banks is______.
(a) Shortage of rain
(b) Political Interference
(c) Indebtedness of farmer
(d) Inefficient management - The main function of national bank for agriculture and rural development is_________.
(a) To promote integrated rural development and secure prosperity of rural area
(b) To provide long term loan
(c) To refinance the rural bank
(d) To act as Apex bank - Which of the following functions is not performed by private banks?
(a) Providing loans to customer
(b) Providing loans to priority sector
(c) Issuing cheque to customer
(d) Recovery of loans - The system which convert financial securities into electronic form is called as_______.
(a) Disinvestment
(b) Re-investment
(c) Re-finance
(d) De-materialization
Maharashtra SET Commerce 2016 May Paper III
- A Certificate of deposit is a:
(a) Fixed deposit in a bank
(b) Short-term negotiable instruments in bearer form
(c) A promissory note to pay a sum of money to the issuer
(d) It is a government treasury bill - Floating rate bonds:
(a) The bonds are issued in small parts of the total bond
(b) These bonds are ‘American Depository Receipt’
(c) These bonds are also called ‘Drop Lock Bonds’
(d) These bonds are also called ‘floating rate notes’ - The process of managing the sales ledger of a client by a financial service company is called:
(a) Forfeiting
(b) Factoring
(c) Leasing
(d) Securitisation of debt - Interest rate risk:
(a) Is also referred to as inflation risk
(b) Is affected by changes in social attitudes
(c) Is affected by changes in lending cycle
(d) Is affected by changes in the business cycle
Maharashtra SET Commerce 2015 August Paper II
- The financial stability of any bank is determined by……………. .
(a) Capital Adequacy Ratio
(b) Credit Deposite Ratio
(c) Current Asset Ratio
(d) Debt Equity Ratio - The minimum capital required to form a private banking company is…………………crores.
(a) 1000
(b) 500
(c) 200
(d) 100 - Which of the following function is not performed by non-banking financial institution ?
(a) Issuing loans and advances
(b) Issuing cheques
(c) Issuing promissory note
(d) Issuing bill of exchange - Which of the following functions is not performed by Reserve Bank of India ?
(a) Control the Credit
(b) Issue of Currency Note
(c) Advice to Government
(d) Loan to Government - All co-operative banks are regulated by………………. .
(a) R.B.I.
(b) R.B.I. and State Government
(c) S.E.B.I. and R.B.I.
(d) R.B.I. and Central Government
Maharashtra SET Commerce 2015 August Paper III
- The primary function of Stock Exchange is to :
(a) Mobilise savings from the public for long-term investment
(b) Offer a secondary market for shares and other securities
(c) Facilitate barter deals between buyer and seller holding different securities
(d) Enable Reserve Bank of India to trade in Govt. Securities in their efforts to control money supply in the economy - In a contract, where the buyer has a right but not an obligation to exercise his right is termed as :
(a) Future Contract
(b) Option Contract
(c) Forward Contract
(d) Derivatives - Match List I with List II and select the correct answer from the codes given below :
List I (Activities) List II (Associated Organisations) (a) Mutual Fund (1) Stock Exchange (b) Public issue of capital (2) Assets Management Company (c) Forward trading (3) Merchant Banking (d) Option pricing (4) Forex market Codes :
(a) (b) (c) (d)
(b) (2) (3) (1) (4)
(c) (2) (3) (4) (1)
(d) (3) (2) (4) (1)
(e) (3) (2) (1) (4) - When the manager has the responsibility for and authority to make decision that affect costs and revenue but no responsibility for or authority over assets invested in department, the department is referred to as……………….. .
(a) Cost Centre
(b) Profit Centre
(c) Investment Centre
(d) Revenue Centre - Venture Capital provides the service of :
(a) Seed financing
(b) Purchasing a company
(c) Selling a company
(d) Borrowing and lending from the company - In a merger bargain, the exchange ratio is determined on the basis of :
(a) Potential of merging company
(b) Issued capital of the two companies
(c) Market share
(d) Future value of company to the acquirer - Commercial papers are :
(a) Papers transacted at business houses
(b) Papers based for financing
(c) Unsecured negotiable promissory notes
(d) Papers for financial guarantees - American Depository Receipt :
(a) is a Euro dominated negotiable instrument
(b) is a dollar denominated negotiable instrument
(c) it is not a negotiable instrument but a stock in the capital market
(d) is a negotiable instrument traded settled and cleared in Europe - Credit rating can be done by :
(a) CRISIL
(b) an Insurance Company
(c) a Mutual Fund Company
(d) a Chit Fund Company - The term ‘Beta’ is synonymous with :
(a) Unsystematic Risk
(b) Market Risk
(c) Portfolio Risk
(d) Total Risk
Maharashtra SET Commerce 2013 December Paper II
- ……………….. is a fund based banking system.
(a) Letter of credit
(b) Loans syndication
(c) Bill collection
(d) Export credit - When a bank sanctions loan to the customer, it results in …………….. .
(a) Credit development
(b) Credit expansion
(c) Credit enhancement
(d) Credit creation - The central bank extends financial facility to commercial bank in times of emergencies. This function is termed as ……………… .
(a) Bankers Bank
(b) Custodian of financial resources
(c) Lender of last resort
(d) Agent of banks - The funds which move from one country to another where interest rate is high are called ……………. .
(a) Fast money
(b) Fiat money
(c) Quick money
(d) Hot money - The agency which transfers security from physical to electronic form is termed as ……………… .
(a) Stock market
(b) Depository
(c) Broker
(d) Underwriter
Maharashtra SET Commerce 2013 February Paper II
- The biggest constraint in E-banking is :
(a) Start-up cost
(b) Maintenance cost
(c) Training cost
(d) Security cost - The minimum paid up capital prescribed for setting up of a new banking company is Rs. …………. crores.
(a) 200
(b) 300
(c) 100
(d) 50 - Reserve Bank of India is the banker to the Government when it :
(a) Controls the credit
(b) Advices the Government
(c) Issues loans and treasury bills on behalf of Government
(d) Issues currency notes - The maximum period for which deposits can be obtained by a non-banking financial company is …………………….. years.
(a) Five
(b) Eight
(c) Three
(d) Ten - The exchange rate fixed on the basis of demand and supply of currencies is called ………………………. rate.
(a) Flexible
(b) Forwards
(c) Floating
(d) Multiple
Maharashtra SET Commerce 2013 February Paper III
- When the banks are trying to strengthen customer relationship with the help of internet and cyber technology, it is termed as ……………
(a) Universal Banking
(b) Mixed Banking
(c) Retail Banking
(d) Virtual Banking - Match the functions of financial system according to their features and select the correct answer from the codes given below :
I II (a) Savings function (i) Offers an effective mode of payment for goods and services (b) Liquidity function (ii) Link between savers and investors (c) Payment function (iii) Mechanism for mobilisation and controlling risk in mobilisation of savings and credit (d) Risk function (iv) Provides the investor with the opportunity to liquidate ivestment like stock Codes :
(a) (b) (c) (d)
(a) (iii) (ii) (iv) (i)
(b) (iv) (i) (ii) (iii)
(c) (ii) (iv) (i) (iii)
(d) (iii) (i) (iv) (ii) - The State Bank of India came into existence on ……………..
(a) June 1, 1955
(b) May 8, 1955
(c) July 1, 1955
(d) June 12, 1955 - Which of the following is not the advantage of Internet Banking ?
(a) Convenience
(b) Saves money
(c) Needs no formality to open an account
(d) Greater access to different services - Match the following pairs and select the correct answer from the codes given below :
I II (a) Principle of (i) Insurer can acquire Indemnity all remedies available to the insured against third party (b) Principle of (ii) It is the right of an insurable interest insurer to call upon other insurers to pay for losses (c) Doctrine of (iii) Security against loss subrogation (d) Doctrine of (iv) Essential element of contribution every contract of insurance Codes :
(a) (a)-(iii) (b)-(iv) (c)-(i) (d)-(ii)
(b) (a)-(ii) (b)-(i) (c)-(iv) (d)-(iii)
(c) (a)-(iv) (b)-(i) (c)-(ii) (d)-(iii)
(d) (a)-(i) (b)-(iii) (c)-(iv) (d)-(ii)
Maharashtra SET Commerce 2011 November Paper II
- The banking system which has obviated the need for brick and mortar branch of bank is termed as ………………….. .
(a) Telebanking
(b) Electronic banking
(c) Virtual banking
(d) Personal banking - A bankers lien is always a …………………………. lien.
(a) Particular
(b) General
(c) Quasi
(d) Free - To constitute a person as a customer in a bank there must be ………….. .
(a) Some sort of an account
(b) A single transaction of any nature
(c) A dealing of banking nature
(d) Frequency of transaction in bank account - A document which can be used only for making local payments by a bank is a ………………….. .
(a) Bankers cheque
(b) Cheque
(c) Draft
(d) Bill of exchange - The bank which provides long-term finance is a ………………….. .
(a) Exchange bank
(b) Investment bank
(c) Universal bank
(d) Lead bank
Maharashtra SET Commerce 2011 August Paper II
- A bank that offers wide range of financial services including commercial and investment banking, is termed as______________.
(a) Universal Bank
(b) Unit Bank
(c) Multinational Bank
(d) Merchant Bank - The organisation that undertakes corporate services and advises client on fund based and investment services is ___________.
(a) Venture capitalist
(b) Merchant Banker
(c) Underwriter
(d) Investment - ________is a contract whereby the owner of the asset transfers the right to use the asset against the payment of fixed interest.
(a) Lease
(b) Hire-Purchase
(c) Bailment
(d) Contractual sale - The norms on income recognition, asset classification and provisioning pertaining to advances and capital adequacy are called as________.
(a) General balancing norms
(b) Prudential norms
(c) Asset,liability management norms
(d) Investment and income recognition norms - When an asset ceases to generate income for the bank and principal remains overdue for a period of more than 90 days, it is termed as__________.
(a) Out of order loans
(b) doubtful assets
(c) Wasting assets
(d) Non-performing assets