Those terminals that are attached to a server in a computer network system, are called ……
a. CPU, Nodes Clients
b. Only CPU and Clients
c. Only clients and nodes
d. Only CPU and nodes
Ans – c
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Which of the following statement is false?
a. In Stored value card monetary value is stored in the card itself
b. In Stored value card credit limits are generally provided by the card issuer
c. Stored value card is a prepaid card and card issuer is not a bank but a service provider
d. In prepaid card the value of the card lying in the deposit account linked at the back end
Ans – b
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Under National Electronic Funds Transfer (NEFT), bank to afford credit to beneficiary accounts immediately upon completion of a batch or else return the transactions within …… hours of completion of batch settlement, if credits are unable to be afforded
a. immediately
b. half an-hour
c. one hour
d. 2 hours
Ans – d
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The difference between ATM card and Debit card is ……
a. Both are same and no difference
b. ATM card can be used in both online transactions, POS and ATM withdrawals where as Debit cards can be used only for ATM withdrawls
c. Debit card can be used in online transactions, POS transactions and ATM withdrawals where as ATM cards can be used only for ATM withdrawals
d. ATM card is used in POS terminals only whereas Debit cards can be used in all type of transactions
Ans – c
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Which of the following is an Example for Pre paid card? (i) Travel card, (ii) Credit card, (iii) Gift card
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans – b
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A Fund of Funds is a scheme that invests primarily ……
a. in money market instruments
b. in other schemes of the same mutual fund or other mutual funds
c. in the bullion market
d. only in primary market
Ans – b
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Who fixes the insurance premium rates for some of the general insurance products?
a. SEBI
b. Insurance Regulatory & Development Authority
c. Tariff Advisory Committee
d. All the above
Ans – c
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Insurance policy taken by a business firm on the life of very important person to project the firm against financial loss, is called ……
a. Master policy
b. Keyman policy
c. VIP Protection policy
d. Umberrima fides
Ans – b
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To address customer grievances in respect of insurance contract on personal lives, there is an institution called……
a. Insurance Ombudsman
b. Insurance regulator
c. Insurance Intermediary
d. Insurance Regulatory and development Authority
Ans – a
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The minimum capital to start a new Insurance company in India is ……
a. Rs.100cr
b. Rs.75cr
c. Rs.50cr
d. Rs.10cr
Ans – a
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Your branch has sanctioned cash limit of Rs.12 lac to M/s United Pharmacy. As at the close of July 31, it has been carrying stocks worth Rs.9 lac, sundry creditors of Rs.3 lac and book debts of Rs.6 lac. Bank has prescribed a margin of 25% on stocks and 30% on book debts, what is the maximum amount that can be withdrawn in the cash credit limit?
a. Rs.8.70 lac
b. Rs.8.30 lac
c. Rs.12 lac
d. Rs.6.75 lac
Ans – a
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