IFS/IFS Mcq Question Set 1 Sample Test,Sample questions

Question:
 An ________relieves the company of the risk and uncertainty of marketing the securities.

1.Underwriter

2.Shareholder

3.Banker

4.None of the mentioned


Question:
 Credit Protection is available in ____

1.Without Recourse factoring

2.With recourse factoring

3.None of the above

4.None of the mentioned


Question:
 Sales Ledger Administration is available in the following factoring services_____

1.Without Recourse factoring

2.With recourse factoring

3.Invoice discounting

4.None of the mentioned


Question:
 ______has constantly endeavoured to develop the commercial bills market.

1.Commercial bank

2.RBI

3. SBI

4.None of the mentioned


Question:
A set of complex and closely connected instructions, agents, practices, markets transactions, claims
and liabilities relating to financial aspects of an economy is referred as: _____.

1.Financial system

2.Financial market

3.Financial institution

4.None of the mentioned


Question:
A very long tenure lease applicable to immovable properties is_____.

1.Conveyance lease

2. leverage lease

3.consumer lease

4.None of the mentioned


Question:
A_________ include the following call for periodical report from the company.

1.Underwriter

2.Shareholder

3.Debenture trustee

4.None of the mentioned


Question:
“Prospectus” is the most important document for the Company to come out with a
______issue.

1.Private

2.Public

3.Company

4.None of the mentioned


Question:
Banking sector comes under which of the following sectors ____

1.Marketing sector

2.Service sector

3.Industrial sector

4.None of the mentioned


Question:
Buying a company’s accounts receivable on a nonrecourse basis is known as _____

1.Trading

2.Billing

3.Factoring

4.None of the mentioned


Question:
Buying low in one market and selling high in the other market , it called ___

1.Arbitrage trading

2.Hedging

3.Clearing

4.None of the mentioned


Question:
Finance is not available in the following factories service ______

1.Without Recourse factoring

2.With recourse factoring

3.Maturity factoring

4.none of the above


Question:
Full service factoring is often____

1.Recourse factoring

2.Non-recourse factoring

3.Agency factoring

4.None of the mentioned


Question:
Hire purchase Act passed in the year_____.

1.1972

2.1973

3.1975

4.None of the mentioned


Question:
IDBI, IFCI, ICICI etc. are promoted by_____.

1.private VCs

2.VCFs of specialize financial institutions

3.both

4.None of the mentioned


Question:
In hire purchase depreciation can be claimed by the____.

1.Vender

2.hirer

3.Financiers

4.None of the mentioned


Question:
In __________ leasing, the risk of obsolescence is assumed by the
lessee.

1.Financial lease

2. Operational lease

3.both

4.None of the mentioned


Question:
Membership of ________ can be taken by an individual, Registered Partnership Firm,
Corporate or bank

1.SEBI

2.RBI

3.MSEI

4.None of the mentioned


Question:
NBFC is a company registered under _____

1.The Indian Contract Act

2.The Companies Act, 1956

3.The RBI Act

4.None of the mentioned


Question:
NBFC performs great role for finance in ____

1.Wholesale sector

2.Big Scale industries

3.Small scale and Retail sector

4.None of the mentioned


Question:
No stamp duties are levied on LC backed bills up to _______ days.

1.120

2.100

3.90

4.None of the mentioned


Question:
Pradhan Mantri Awaas Yojana was lunched in _____with an aim to provide
affordable housing to urban poor

1. June 2016

2. June 2015

3.June 2018

4.None of the mentioned


Question:
Refactoring charges have to be paid in the case of ____

1.With recourse factoring

2.Invoice factoring

3.Full service factoring

4.None of the mentioned


Question:
The availability of cash and other cash like marketable instruments that are useful in
purchases and investments are commonly known as ____

1.Liquidity

2.Credit

3.Marketability

4.None of the mentioned


Question:
The buyer accepts the invoice and acknowledges _______ on the due date

1.Seller

2.Paying

3.Buyer

4.None of the mentioned


Question:
The central theme of forfaiting is the purchasing of ________by a financial service
company.

1.Trade bill

2.Export bill

3.Import bill

4.None of the mentioned


Question:
The early stage financing of venture capital includes _____ 

1.start ups

2.second round finance

3.both

4.none of the above


Question:
The first nationalized bank in India to start a VCF ____

1.SBI

2.PNB

3.Canara bank

4.None of the mentioned


Question:
The greatest security for a banker is that a_____

1.Bill of Exchange

2.Mutual fund

3.Commercial Paper

4.None of the mentioned


Question:
The Idea of providing factoring services was first thought of in India by_____.

1.Tandem committee

2.Malhotra committee

3.Vaghul committee

4.None of the mentioned


Question:
The maximum load that a fund can exchange is determined by ___

1.SEBI

2.RBI

3.AMFI

4.None of the mentioned


Question:
The NHB, which a wholly – owned subsidiary of the_____.

1.SBI

2.BOI

3.RBI

4.None of the mentioned


Question:
The practice of discounting accommodation bills is known as ___

1.Night bill

2.Kite flying

3.Knight bill

4.None of the mentioned


Question:
The primary role of the ________ is to purchase securities from the issuer and resell them
to investor.

1.Underwriter

2.Shareholder

3.Banker

4.None of the mentioned


Question:
The process of selling trade debts of a client to a financial intermediary is called______

1.Factoring

2.Securitisation

3.Materialisation

4.None of the mentioned


Question:
The setting up of the National Housing Bank (NHB), a fully owned subsidiary of
the Reserve Bank of India in _____ as the apex institution marketed the beginning
of emergence housing finance as a fund based financial services in India.

1.1987

2. 1978

3.1988

4.None of the mentioned


Question:
The term _________ refers financial investment in highly risky and growth
oriented venture with the objective of earning a high rate of retune.

1.Venture capital

2.Merchant banking

3.leasing

4.None of the mentioned


Question:
The _______ bill is properly stamped.

1.Demand

2.Usance

3.Expired

4.None of the mentioned


Question:
Under forfaiting the client is able to get credit facility to the extent of____

1.100% of the value of the export bill

2.80% of the value of the export bill

3.90% of the value of the export bill

4.None of the mentioned


Question:
Underwriters build up ______ confidence in the issue of securities.

1.Borrowers

2.Investors

3.Company

4.none of the above


Question:
Which of the following is not necessarily a party to a forfaiting transaction?

1.Exporter

2.Broker

3.Bank

4.None of the mentioned


Question:
___ is a market for financial assets which have a long or indefinite maturity.

1.Financial market

2.Capital market

3.Money market

4.None of the mentioned


Question:
___ __ services are mainly provided to foreign investors

1.Custodial Services

2.Financial Services

3.Factoring Services

4.None of the mentioned


Question:
___was constituted to protect the interests of investors in securities and to promote the
development of and to regulate the securities market through appropriate measures.

1.RBI

2.SEBI

3.BSE

4.None of the mentioned


Question:
____is known as mezzanine capital.

1.Development financing

2. expansion financing

3.replacement finance

4.None of the mentioned


Question:
____is referred as both fund based and fee based financial service.

1.Higher purchase

2.underwriting

3.Factoring

4.None of the mentioned


Question:
_____ look for opportunities to take on risk in the hope of making return

1.Shareholder

2.Hedgers

3.Speculators

4.None of the mentioned


Question:
______ Banks help to revive (cure) sick industrial units.

1.Public

2.Merchant

3.all of the above

4.None of the mentioned


Question:
______ is the process of updating the accounts of the trading parties.

1.Underwriting

2.Clearing

3.Banking

4.None of the mentioned


Question:
______are financial contracts that derive their value from an underlying assets.

1.Future

2.Forward

3.Derivatives

4.None of the mentioned


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