Banking Awareness MCQs Part 34

Banking Awareness MCQs Part 34  

 

1. CVV code provides an additional layer of security when a card is used to make a purchase online or over the phone. What is the full form of CVV?
1) Customer Verification Value
2) Card Valuable Value
3) Card Validity Variable
4) Customer Verification Variable
5) Card Verification Value


2. Which of the following statements is NOT true in context of Annuity?
1) An annuity is an investment that we make, either in a single lump sum or through instalments paid over a certain number of years
2) All of these
3) Typically annuities are bought to generate income during one’s retired life
4) Annuity premiums and payments are fixed with reference to the duration of human life
5) An annuity provide life insurance cover


3. Mswipe has tied up with which finance firm to launch a card for millennials to avail instant pre-approved credit of up to ?1 lakh?
1) DMI Finance
2) Aditya Birla Capital
3) SBI Capital Markets
4) L& T Finance Holdings
5) Bajaj Capital


4. Which is the most valued Indian brand according to the `WPP and Kantar Millward Brown's BrandZ 75 Most Valuable Indian Brands' ranking?
1) Life Insurance Corporation of India
2) Tata Consultancy Services
3) Maruti Suzuki
4) Indian Oil Corporation
5) HDFC


5. What is an “insurance actuary” in the insurance sector means?
1) The premiums on all policies which a company has issued
2) A professional that analyses financial risk using various theories
3) Insurers that are created and wholly–owned by one or more non–insurers
4) Method of sharing insurance risk between several insurers
5) Form of protection for an employer for the losses caused by his employees.


6. Hyundai Motor India Ltd (HMIL) has signed an agreement with which bank for its vehicle finance needs?
1) Central Bank of India
2) Bank of Baroda
3) United Bank of India
4) Indian Bank
5) Allahabad Bank


7. Which among the following is the market where fixed income securities of various types and features are issued and traded?
1) Money Market
2) Debt Market
3) Capital Market
4) Futures Market
5) Prediction Market


8. DICGC (Deposit Insurance and Credit Guarantee Corporation) is one of the wholly owned subsidiaries of the Reserve bank of India (RBI). What is the maximum deposit amount insured by the DICGC?
1) Four Lakhs
2) One Lakh
3) Two Lakhs
4) Six Lakhs
5) Three Lakhs


9. Which bank launched a co-branded fuel card in partnership with Indian Oil Corporation (IOC)?
1) Axis
2) ICICI
3) HDFC
4) Yes Bank
5) HSBC


10. The RTGS system is primarily meant for large value transactions. What is the minimum amount to be remitted through RTGS (Real Time Gross Settlement)?
1) 1,00,000 Rs
2) 2,00,000 Rs
3) 3,00,000 Rs
4) 4,00,000 Rs
5) 5,00,000 Rs