Banking Awareness Quiz Set 7

Welcome to the aspirants who are preparing for the competitive exams, they can find out the Banking Insurance Quiz in gktodayquiz.com. We uploaded the Questions And Answers with a brief explanation. Candidates can practice these Questions and Answers thoroughly.

Banking Awareness Quiz Set 7

1. A provision in some loans that allows the borrower to change the interest rate from fixed to variable or Vice Versa is termed as __________
 
 
 
 

2. An index that is used to determine interest rates and/or changes of interest rates of certain types of loans is known as _________
 
 
 
 

3. _________ are long term corporate bonds that are unsecured in nature.
 
 
 
 

4. A type of loan, where the bank or the lending institution provides the borrower with a loan that helps the borrower to pay off his all previous debts is termed as ________
 
 
 
 

5. CRAR stands for _________
 
 
 
 

6. An account for which a bank acts as an uninterested third party is termed as _______
 
 
 
 

7. The unpaid principal balance of a loan on property divided by the asset’s appraised value is termed as ______
 
 
 
 

8. A signed undertaking from one party containing a promise to pay a stated sum to a specified person or a company is known as ________
 
 
 
 

9. Which of the following is defined as the difference between current assets and current liabilities?
 
 
 
 

10. __________ is a transfer of property to its real owner, once the loan or mortgage is paid off.
 
 
 
 

11. Which of the following is a special type of credit card with stored money value?
 
 
 
 

12. A financial product which provides senior citizens with funds against their home equity is referred as _______
 
 
 
 

13. ________ is a cheque rather an amount of cheque, which is above the balance available in the account of the payer.
 
 
 
 

14. Which of the following term refers the illegal escape from the tax payment?
 
 
 
 

15. A situation which is providing some relief from tax in whole or part is referred as _________
 
 
 
 

16. A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________
 
 
 
 

17. Which of the following cheque issued by a customer under a pre-approved arrangement with the bank?
 
 
 
 

18. A cheque for a fixed amount that may be cashed or used in payment abroad after endorsement by the holder’s signature is known as ___________
 
 
 
 

19. A type of market in which there is a relatively high degree of concentration is referred as _____
 
 
 
 

20. A commission or fee paid, when an agent or an individual sells an investment such as mutual funds or annuity is known as _________
 
 
 
 

21. Time period that is considered from the inception of the credit, investment or negotiable instrument and ends upon the maturity or expiry of the instrument is referred as
 
 
 
 

22. ___________ is basically charged when a person uses a credit card to obtain cash.
 
 
 
 

23. Which is an interest-free period that is to be given by a creditor to debtor?
 
 
 
 

24. A debt which is irrecoverable and is therefore written off as loss in the accounts of an institution or bank is known as __________
 
 
 
 

25. An account which is maintained by depositing undistributed parts of profit for future needs is known as ________
 
 
 
 

26. The difference between the total cost of a project and the sanctioned loan amount is termed as ___________
 
 
 
 

27. Which term refers closure of the loan account prior to the tenure fixed for the account?
 
 
 
 

28. Taking back of property by a seller or a lender from the buyer or borrower due to default of payment is termed as ________
 
 
 
 

29. A loan which is secured by collateral and for which borrower is not personally liable is called __________
 
 
 
 

30. A very large loan extended by a group of small banks to a single borrower is known as ______
 
 
 
 


 

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