BANKING OPERATIONS LAB QUIZ TEST FULL MARKS = 50 1. Savings Deposit account can be opened by banks in the name of ; a) Government Departments b) Municipal Corporations or Municipal Committees c) Water and Sewerage / Drainage Boards d) Societies/ District Level Housing Co-op. Societies etc. e) Any trading business or professional concern (e. g. rms of Chartered Accountants, Lawyers, etc.) whether such concern is a proprietary or a partnership rm. 0 Political Party g) none of the above 2. Who cannot introduce a new customer? a. Term Deposit holder who has no Current / Savings Bank Account b. A minor Account Holder. c. Five months old new Account Holder of the bank d. all of the above 3. Which is incorrect? Before passing a cheque for cash payment, the Passing Officer has to also verify and satisfy himself that: i. the date of the cheque is valid one and that it is not a crossed cheque ii. amount in words and gures agree. iii. the signature of the Account Holder agrees with the specimen signature on record with the Bank. iv. the particular cheque has been entered in the correct account and the same has not been stopped by the account holder. v. for order cheque the identication of payee is to be established to the satisfaction of the Bank. vi. all of the above. 4. Interest Amount on Savings Accounts are paid on the dates as below a) 30, September, 20xx b) 31, March, 20xx c) 31, December, ZOXX d) 30, June, 20xx e) All of the above f) none of the above 5. Risk is dened as the probability of the unexpected happening. VaR (value at risk) measures the probability of loss for a given time period over which the position is held. The given time period a) one day b) few days c) few weeks d) one year. e) Any of the above 7. Various type of Market risk limits should be established as below a) Stop Loss Limit b) Notional Limit c) Gap Limit d) VaR Limit e) all of the above f) none of the above 6. The objectives of treasury management is (a) To plan, organize and manage mds protably and to ensure compliance with respect to regulatory requirements (SLR/CRR). (b) To optimize return on surplus mds invested and to keep cost of mds to the minimum. (c) to control frauds and losses attributed to customers, employees and the like (d) To keep investment portfolio healthy and liquid. (e) To optimize returns from forex operations. (f) all of the above (g) any the above 8. Which of the following is not a function of back-ofce in the dealing room a) Co-ordination with front-ofce to ensure optimum usage of all treasury dealing systems; b) Internal control and check over treasury dealings, conrmation and settlement activities, c) Ensuring compliance with stated treasury procedures and stipulations; (1) Monitoring of SLR/CRR maintenance and submission of compliances, e) ALM implementation; 1) All of the above 9. Which of the following is not a mction of the Front-ofce? a) Signicant interaction with various trading and delivery teams; b) Liquidity Management; c) Striking of Deals (trading) and earning prots from trading; d) Maintenance of CR and SLR; e) Manage short selling and square off the securities well in advance. 1) All of the above 10. How much is the Cooke's Ratio from the data given below; (a) 0.6364 (b) 0.1428 (c) 0.0909 (d) 0.3000