Banking & Insurance Quiz-4

Question 1

A cheque becomes stale after expiry of how many months from the date of the cheque?

Accepted Answer

3 months

Answer

6 months

Answer

9 months

Answer

12 months

Question 2

Advances against shares and mutual funds is provided ____ of the market value.

Accepted Answer

50 %

Answer

60 %

Answer

75 %

Answer

90 %

Question 3

In a housing loan, the rate of interest is

Accepted Answer

Floating

Answer

Fixed

Answer

Both Fixed and Floating

Answer

None of these

Question 4

What does NEFT stands for?

Accepted Answer

National Electronic Fund Transfer

Answer

National Economic Fund Transfer

Answer

National Electron Fund Tenor

Answer

None of these

Question 5

Indian Financial System Code is

Accepted Answer

Alpha numeric 11 digit code

Answer

Numeric code 11 digit code

Answer

Alpha numeric 8 digit code

Answer

Numeric code 8 digit code

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