Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.
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D. repayable on demand or after an agreed period as per bank‟s choice. Explanation: A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date.And Recurring Deposit is a special kind of Term Deposit offered by banks  in India which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.
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No interest is paid by banks on 1. Recurring deposits 2. Current deposits 3. Saving deposits 4. Fixed deposits 5. None of these

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Bank deposits that can be withdrawn without notice are called (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

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Explain the following concept: Recurring Deposits

Description : Explain the following concept: Recurring Deposits

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The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

Description : The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

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What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money held by public in currency c) ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

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Which of the following is the negotiable instrument? A. Fixed Deposit of a Bank B. Share certificate issued by a PSU C. Demand Draft issued by a bank D. Debenture of a company E. Airway Receipt

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In Bank‟s balance sheet, which of the following is an asset? A. Its paid up capital B. Its saved deposits C. Its instrument in government securities D. Its accumulated Reserve Funds E. Its Current Deposits

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If someone agreed to give a million dollars to two charities/organizations of your choice, which two would you choose and why?

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This set of Software Engineering Multiple Choice Questions & Answers (MCQs) focuses on “Project Management”. 1. Which of the following is not project management goal? a) Keeping overall costs within budget b) Delivering the software to the customer at the agreed time c) Maintaining a happy and well-functioning development team d) Avoiding customer complaints

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Description : Distinguish between the following: Fixed Deposit Account and Recurring Deposit Account.

Last Answer : Distinguish between the following: Fixed Deposit Account and Recurring Deposit Account.

i. Saving Deposit, Recurring Deposit, Cash Credit. Fixed Deposit ii. Overdraft, Fixed Deposit, Discounting of Bills, Cash Credit

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Which type of deposit gives highest rate of interest? (a) Current deposit (b) Fixed deposit © Recurring deposit. (d) None of these.

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Last Answer : All of the above

Which of the following is a SaaS characteristic? a) The typical license is subscription-based or usage-based and is billed on a recurring basis b) The software is available over the Internet globally through a browser on demand c) The software and the service are monitored and maintained by the vendor d) All of the mentioned

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Which of the following instruments rated/graded by SMERA? A. Commercial Papers B. Security Receipts C. Fixed Deposits D. Only (B) and (C) E. All of these

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Deposits which can be withdrawn by a customer without notice is called ________ A. Time Deposits B. Demand Deposits C. Variable Deposits D. Low cost Deposits

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What is difference between banks & HFCs? A. HFCs cannot accept demand deposits B. It cannot issue cheques drawn on itself C. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs D. All of the Above E. None of the Above

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As per the Exim Bank Act, at a particular point in time, the Exim Bank can have a maximum of _________ directors on its Board. A. 16 B. 15 C. 14 D. 13

Description : As per the Exim Bank Act, at a particular point in time, the Exim Bank can have a maximum of _________ directors on its Board. A. 16 B. 15 C. 14 D. 13

Last Answer : A. 16 Explanation: As per the Exim Bank Act, at a particular point in time, the Bank can have a maximum of 16 directors on its Board. Including Chairman and Managing Director, the Bank s ... by the Reserve Bank of India (RBI), Industrial Development Bank of India (IDBI) and ECGC Ltd respectively.

As per the Reserve Bank of India, BBPS will initially accept utility bill payments such as _________ A. Telephone Bill B. Electricity Bill C. DTH services D. All of the Above E. None of the Above

Description : As per the Reserve Bank of India, BBPS will initially accept utility bill payments such as _________ A. Telephone Bill B. Electricity Bill C. DTH services D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: As per the Reserve Bank of India, BBPS will initially accept utility bill payments such as electricity, water, gas, telephone and direct-to-home services and will later include other repetitive payments including school and university fees and municipal taxes.

A Unit Price (UP) contract provides: 1. a reimbursement of allowable costs plus a fixed fee which is paid proportionately as the contract progresses 2. a reimbursement of allowable cost of services performed plus an agreed upon percentage of the estimated cost as profit 3. the supplier with a fixed price for delivered performance plus a predetermined fee for superior performance 4. a fixed price where the supplier agrees to furnish goods and services at unit rates and the final price is dependent on the quantities needed to carry out the work.

Description : A Unit Price (UP) contract provides: 1. a reimbursement of allowable costs plus a fixed fee which is paid proportionately as the  contract progresses  2. a reimbursement of allowable cost of services ... unit rates and the  final price is dependent on the quantities needed to carry out the work.

Last Answer : 4. a fixed price where the supplier agrees to furnish goods and services at unit rates and the  final price is dependent on the quantities needed to carry out the work

Which term is not related to banking? (1) C.R.R. (2) N .E.E .R. (3) S.L.R. (4) Fixed Deposits

Description : Which term is not related to banking? (1) C.R.R. (2) N .E.E .R. (3) S.L.R. (4) Fixed Deposits

Last Answer : (2) N.E.E.R. Explanation: NEER stands for Nominal Effective Exchange Rate which represents the relative value of a home country's currency compared to the other major currencies being traded (U.S. ... etc.). It also represents the approximate relative price a consumer will pay for an imported good.

Which term is not related to banking ? (1) C.R.R. (2) N.E.E.R. (3) S.L.R. (4) Fixed Deposits

Description : Which term is not related to banking ? (1) C.R.R. (2) N.E.E.R. (3) S.L.R. (4) Fixed Deposits

Last Answer : N.E.E.R.

HDFC Ergo general insurance company has agreed to buy which of the following company‟s general insurance business for Rs 551 crore? A) L&T B) Tata C) ICICI Lombard D) Bajaj Allianz E) IFFCO-Tokio

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Last Answer : A) L&T Explanation: HDFC has agreed to pay around 1.1 times the gross premium of L&T General Insurance Company This will help HDFC Ergo improve its ranking in the sector from fourth largest to third largest in the private sector insurance segment.

i. A company usually opens ________ account in a bank.  (a) Current  (b) Saving  (c) Recurring

Description : i. A company usually opens ________ account in a bank.  (a) Current  (b) Saving  (c) Recurring

Last Answer : Select the correct answer from the options given below and rewrite the statement: i. A company usually ... ) Fixed (b) Current (c) Recurring

What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank? A. Rs.25000 B. Rs.50000 C. Rs.75000 D. Rs.1,00,000 E. Rs.2,00,000

Description : What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank? A. Rs.25000 B. Rs.50000 C. Rs.75000 D. Rs.1,00,000 E. Rs.2,00,000

Last Answer : D. Rs.1,00,000 Explanation: The deposits kept in different branches of a bank are aggregated for the purpose of insurance cover and a maximum amount upto Rupees one lakh is paid.

The ratio of deposits to loans of a bank is known as _______ A. NPA coverage Ratio B. Return on asset ratio C. Asset Coverage ratio D. CD Ratio E. Other than those given as options

Description : The ratio of deposits to loans of a bank is known as _______ A. NPA coverage Ratio B. Return on asset ratio C. Asset Coverage ratio D. CD Ratio E. Other than those given as options

Last Answer : E. Other than those given as options Explanation: The loan to deposit ratio is used to calculate a lending institution‘s ability to cover withdrawals made by its customers.

When a customer deposits cheque to a bank, the bank is a(n) A. Drawer B. Agent C. Principal D. Drawee E. Bailee

Description : When a customer deposits cheque to a bank, the bank is a(n) A. Drawer B. Agent C. Principal D. Drawee E. Bailee

Last Answer : B. Agent Explanation: When a customer deposits cheque to a bank then that particular bank acts as an agent for the customer. Collection occurs when the drawee bank (the bank ordered by the cheques ... of the drawer (its customer who has written the cheque) and presents it to the collecting bank.

Loan and Advances of a bank come under which of the following category? A. Assets B. Liabilities C. Deposits D. All of the Above E. None of the Above

Description : Loan and Advances of a bank come under which of the following category? A. Assets B. Liabilities C. Deposits D. All of the Above E. None of the Above

Last Answer : A. Assets Explanation: Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Anything tangible ... to produce value and that is held to have positive economic value is considered an asset.

Minimum period of reinvestment deposits is _______ A. 2 months B. 3 months C. 6 months D. 9 months E. E. None of the Above

Description : Minimum period of reinvestment deposits is _______ A. 2 months B. 3 months C. 6 months D. 9 months E. E. None of the Above

Last Answer : C. 6 months Explanation: A Reinvestment Deposit Plan basically allows you to reinvest the interest earned on your deposit. Period of deposit 6 months to 10 years.

HFCs can accept public deposits for a period of __________ A. 2 to 5 years B. 1 to 5 years C. 2 to 7 years D. 1 to 7 years E. All of the Above

Description : HFCs can accept public deposits for a period of __________ A. 2 to 5 years B. 1 to 5 years C. 2 to 7 years D. 1 to 7 years E. All of the Above

Last Answer : D. 1 to 7 years Explanation: In terms of the Housing Finance Companies (NHB) Directions, 2001, HFCs can accept public deposits for periods of one year and above and upto seven years only.

RNBCs cannot accept deposits for a period less than ______ months and more than ____ months A. 12, 84 B. 12, 60 C. 24, 60 D. 24, 84 E. None of the Above

Description : RNBCs cannot accept deposits for a period less than ______ months and more than ____ months A. 12, 84 B. 12, 60 C. 24, 60 D. 24, 84 E. None of the Above

Last Answer : A. 12, 84 Explanation: RNBCs cannot accept deposits for a period less than 12 months and more than 84 months.

A perpetual bond does not have a fixed _________. a) interest rate b) maturity period c) duration d) underlying asset

Description : A perpetual bond does not have a fixed _________. a) interest rate b) maturity period c) duration d) underlying asset

Last Answer : b) maturity period

On a Cheque instead of two parallel lines only bank‟s name is written is known as _________ A. Payable to bearer B. General Crossing C. Special Crossing D. Both (B) and (C) E. None of the Above

Description : On a Cheque instead of two parallel lines only bank‟s name is written is known as _________ A. Payable to bearer B. General Crossing C. Special Crossing D. Both (B) and (C) E. None of the Above

Last Answer : C. Special Crossing Explanation: When a particular bank s name is written in between the two parallel lines the cheque is said to be specially crossed.The effect of special crossing is that ... is written in the crossing. Specially crossed cheques are more safe than a generally crossed cheques.

The rules framed in the Clayton‟s case have been incorporated in _________ A. Banking Regulation Act, 1949 B. Reserve Bank of India Act, 1934 C. Negotiable Instruments Act, 1881 D. Indian Contract Act, 1872 E. None of the Above

Description : The rules framed in the Clayton‟s case have been incorporated in _________ A. Banking Regulation Act, 1949 B. Reserve Bank of India Act, 1934 C. Negotiable Instruments Act, 1881 D. Indian Contract Act, 1872 E. None of the Above

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Taking back of property by a seller or a lender from the buyer or borrower due to default of payment is termed as ________ A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

Description : Taking back of property by a seller or a lender from the buyer or borrower due to default of payment is termed as ________ A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

Last Answer : B. Repossession Explanation: Repossession is a term used to denote a financial institution taking back an object that was either used as collateral or rented or leased.

__________ is a transfer of property to its real owner, once the loan or mortgage is paid off. A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

Description : __________ is a transfer of property to its real owner, once the loan or mortgage is paid off. A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

Last Answer : A. Reconveyance Explanation: The transfer of real property that takes place when a mortgage is fully paid off and the land is returned to the owner free from the former debt.

Consider the following statements about Internet facility: 1) It serves as the largest one-line information system. 2) It provides the most dependable and latest mode for sending E-mail. 3) Recurring expenditure on communication E-mail is very high. 4) It is often misused and has triggered cyber-crimes.

Description : Consider the following statements about Internet facility: 1) It serves as the largest one-line information system. 2) It provides the most dependable and latest mode for sending E-mail. 3) Recurring ... communication E-mail is very high. 4) It is often misused and has triggered cyber-crimes.

Last Answer : 1) It serves as the largest one-line information system

Expansion of RDBMS is (1) Repairable Database Management System (2) Relational Database Management System (3) Relational Database Memory System (4) Recurring Database Memory System

Description : Expansion of RDBMS is (1) Repairable Database Management System (2) Relational Database Management System (3) Relational Database Memory System (4) Recurring Database Memory System 

Last Answer : Relational Database Management System

Break-even point in Rs is Calculated as _________ a) Fixed cost/ contribution per unit b) Fixed cost / p/ V ratio c) Fixed cost + desired profit/ Contribution per unit d) Fixed cost + desired profit/ P/V ratio.

Description : Break-even point in Rs is Calculated as _________ a) Fixed cost/ contribution per unit b) Fixed cost / p/ V ratio c) Fixed cost + desired profit/ Contribution per unit d) Fixed cost + desired profit/ P/V ratio.simpl

Last Answer : b) Fixed cost / p/ V ratio

A project, which may not add to the existing profits, should be financed by _________ A. debentures. B. preference share capital. C. equity capital. D. public deposits.

Description : A project, which may not add to the existing profits, should be financed by _________ A. debentures. B. preference share capital. C. equity capital. D. public deposits.

Last Answer : A. debentures.

Technique to implement virtual memory where memory is divided into units of fixed size memory is _________ A. Paging B. De-fragments C. Segmentation D. None of the above

Description : Technique to implement virtual memory where memory is divided into units of fixed size memory is _________ A. Paging B. De-fragments C. Segmentation D. None of the above

Last Answer : A. Paging

A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: (a) 2,000 units (b) 3,000 units (c) 4,000 units (d) 6,000 units

Description : A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: (a) 2,000 units (b) 3,000 units (c) 4,000 units (d) 6,000 units

Last Answer : (b) 3,000 units