Oas Online Exam Mock Test Paper
- 1.
How many segments Business Bankings consists of?
- A.
2 2
- B.
3
- C.
5
- D.
6
Correct Answer
B. 3Explanation
Business Banking consists of three segments.Rate this question:
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- 2.
Which of following is not a part of BAG segment?
- A.
SME and Non-Corcporate Trade SME and Non-Corcporate Trade
- B.
Retail CA
- C.
Large Corporates
- D.
Merchant Acquiring
Correct Answer
C. Large CorporatesExplanation
The correct answer is "Large Corporates." This option is not a part of the BAG segment. The BAG segment consists of SME and Non-Corporate Trade, Retail CA, and Merchant Acquiring. Large Corporates are not included in the BAG segment.Rate this question:
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- 3.
Largest contribution in CA CDAB is from which segment mentioned below?
- A.
CAG
- B.
BAG
- C.
GB
Correct Answer
B. BAGExplanation
The largest contribution in CA CDAB is from the segment BAG.Rate this question:
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- 4.
To open a current account, BDE is a resource belonging to which channel?
- A.
Shared channel
- B.
Dedicated channel
Correct Answer
A. Shared channelExplanation
A current account can be opened through a shared channel, which means that multiple resources or individuals can access and utilize the channel to open current accounts. This allows for a more efficient and flexible process, as it allows for the sharing of resources and responsibilities among different individuals or departments.Rate this question:
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- 5.
Mid-corporates have a turnover of-
- A.
0-125 Crs
- B.
125-500 Crs
- C.
500-700 Crs
- D.
700 Crs plus
Correct Answer
B. 125-500 CrsExplanation
Mid-corporates have a turnover of 125-500 Crs. This means that the companies classified as mid-corporates have an annual turnover between 125 crore and 500 crore rupees. This range is specifically designated for mid-sized companies that fall between smaller businesses and large corporations in terms of their financial performance.Rate this question:
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- 6.
What does CMS stand for?
- A.
Credit Management System
- B.
Corporate Management Services
- C.
Customer Management System
- D.
Cash Management Services
Correct Answer
D. Cash Management ServicesExplanation
CMS stands for Cash Management Services. Cash management refers to the process of collecting, managing, and investing cash for a company or organization. Cash management services are financial services provided by banks or other financial institutions to help businesses effectively manage their cash flow, liquidity, and investments. These services may include cash handling, cash forecasting, liquidity management, and investment advisory services.Rate this question:
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- 7.
Collections are of 2 types- Electronics and-
- A.
Paper based
- B.
Index based
- C.
Transaction based
- D.
Market based
Correct Answer
A. Paper based -
- 8.
Which of the following is not a Business Banking scheme code?
- A.
CABPL
- B.
CACH1
- C.
SBAWA
- D.
CACAP
Correct Answer
C. SBAWAExplanation
The code "SBAWA" is not a Business Banking scheme code.Rate this question:
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- 9.
Who drives the business for BAG?
- A.
CAGRM
- B.
GBRM
- C.
KAM
- D.
BAM
Correct Answer
D. BAMExplanation
BAM stands for Business Account Manager. The business account manager is responsible for driving the business for BAG (presumably the company or organization in question). They are in charge of managing and developing relationships with key clients, identifying new business opportunities, and ensuring customer satisfaction. Therefore, the correct answer is BAM.Rate this question:
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- 10.
Who does verification of transactions?
- A.
LC
- B.
CMS
- C.
MC
- D.
GB
Correct Answer
B. CMSExplanation
CMS stands for Card Management System. In the context of transactions, CMS is responsible for verifying and authorizing transactions. It ensures that the transaction is valid, the funds are available, and the necessary security measures are in place. CMS plays a crucial role in preventing fraud and ensuring the smooth processing of transactions.Rate this question:
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- 11.
When the cheque is scanned and sent for clearance, what is the process called?
- A.
Cheque Endorsement
- B.
Cheque Returned
- C.
Cheque Truncation
- D.
Cheque Verification
Correct Answer
C. Cheque TruncationExplanation
Cheque truncation is the process of scanning and sending a cheque for clearance without physically moving the paper cheque. This process eliminates the need for physical transportation of cheques, reduces the time taken for clearance, and increases efficiency in the banking system.Rate this question:
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- 12.
Central/State PSU CA would fall under which segment?
- A.
BAG
- B.
CAG
- C.
DP
- D.
GB
Correct Answer
D. GBExplanation
Central/State PSU CA would fall under the segment "GB" because "GB" represents Government Business. Central/State PSU refers to Public Sector Undertakings controlled by the Central or State government. Therefore, it is classified under the Government Business segment.Rate this question:
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- 13.
Which of the following is not an FIG?
- A.
Railways
- B.
ICICI BANK
- C.
LIC
- D.
HDFC BANK
Correct Answer
A. RailwaysExplanation
The question is asking to identify the option that is not an FIG (Financial Institution Group). Railways is not a financial institution, but rather a transportation system. ICICI BANK, LIC, and HDFC BANK are all financial institutions. Therefore, Railways is the correct answer as it does not belong to the FIG category.Rate this question:
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- 14.
While applying for IPO through demat account, which product enables only blocking of funds in savings account and actual debit happens only after allotment of IPO?
- A.
ECS
- B.
ASBA
- C.
RTGS
- D.
NEFT
Correct Answer
B. ASBAExplanation
ASBA stands for Application Supported by Blocked Amount. It is a product that enables only blocking of funds in the savings account while applying for an IPO through a demat account. The actual debit of funds from the account only happens after the allotment of the IPO. This allows investors to keep their funds available for other purposes until the IPO shares are allotted to them.Rate this question:
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- 15.
What is the minimum MAB requirement for Club 50 Current Accounts?
- A.
30,00,000
- B.
10,00,000
- C.
50,00,000
- D.
75,00,000
Correct Answer
C. 50,00,000Explanation
The minimum MAB requirement for Club 50 Current Accounts is 50,00,000. This means that in order to maintain a Club 50 Current Account, the account holder must have a minimum balance of 50,00,000 in their account at all times.Rate this question:
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- 16.
With an approval from CAG (Comptroller and Auditor General, can a govt. institution open a savings account?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
Government institutions are allowed to open savings accounts with the approval of the CAG. The CAG is responsible for auditing the accounts of government institutions and ensuring transparency and accountability in their financial transactions. Therefore, with the CAG's approval, a government institution can open a savings account.Rate this question:
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- 17.
What does Remateralization stand for?
- A.
Liquidation of shares
- B.
Dematerializarion
- C.
RTGS
- D.
Reverse Dematerialization
Correct Answer
D. Reverse DematerializationExplanation
Rematerialization refers to the process of converting electronic holdings of securities back into physical certificates. This process is the opposite of dematerialization, which involves converting physical certificates into electronic form. Therefore, the correct answer is "Reverse Dematerialization" as it accurately describes the meaning of rematerialization.Rate this question:
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- 18.
For transfer of shares which of the following is used by demat account holder?
- A.
Transaction Slip
- B.
Delivery Instruction Slip (DIS)
- C.
Cheque Book
- D.
Demat Statement
Correct Answer
B. Delivery Instruction Slip (DIS)Explanation
A demat account holder uses a Delivery Instruction Slip (DIS) for the transfer of shares. This slip is used to provide instructions to the depository participant (DP) for the transfer of shares from one demat account to another. It contains details such as the name of the account holder, demat account number, quantity of shares to be transferred, and the target demat account details. The DIS acts as a legal document for the transfer process and ensures the smooth and secure transfer of shares between accounts.Rate this question:
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- 19.
Does Axis Bank have tie up with NSDL and CDSL for DP?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
Axis Bank does have a tie-up with NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited) for DP (Depository Participant) services. This means that Axis Bank offers services related to holding and transacting securities in electronic form for its customers through these depositories.Rate this question:
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- 20.
The term used for volume of total transactions of GB is-
- A.
Input
- B.
Throughput
- C.
Output
Correct Answer
B. ThroughputExplanation
Throughput is the correct answer because it refers to the volume or rate at which transactions or data are processed or transmitted within a system. In the context of GB (presumably referring to gigabytes), throughput would represent the total volume of transactions or data being processed or transmitted within a given time period.Rate this question:
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Mar 20, 2023Quiz Edited by
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Oct 29, 2013Quiz Created by
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