Infosys Certified Banking (Level 1) Associate
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Join Premium10 Infosys Certified Banking (Level 1) Associate practice questions with answers
Real Lex exam-pattern multiple-choice questions for the Infosys Certified Banking (Level 1) Associate certification. Each question includes the correct answer. The full question bank is available to Premium members.
- Question 1
Segment wise reporting of income by Banks
- ✓ Is mandatory Correct
- B Depicts the performance of each Line Of Business of the Bank
- C Depicts the overall performance of the Bank
- D Depicts only the weak performance of the bank
- Question 2
Interest rate spread
- ✓ Is the difference between the borrowing rate and the lending rate Correct
- B Is the main source of income for the banks
- C Both the above choices
- D Increases when competition increases
- Question 3
Which of the following is included in income of banks?
- ✓ Loan income Correct
- B Security income
- C .Income from cash assets
- D All of the choices
- Question 4
Federal Funds purchased is
- ✓ An asset for a bank Correct
- B An Income for the Bank
- C A liability for the bank
- D An expense for the bank
- Question 5
Which of the following is not an asset in the balance sheet of a bank?
- ✓ Cash at vault and deposits held with other depository institutions Correct
- B Investments in interest earning government securities
- C Loans and lease finances allowed to customers
- D Deposits made by various customers
- Question 6
John obtains a home improvement loan from New Town Bank:
- ✓ The loan is John's asset and the bank's liability. Correct
- B The loan is John's asset, but the liability belongs to the bank's depositors.
- C The loan is John's liability and an asset for New Town Bank.
- D The loan is John's liability and a liability of the bank until Tom pays it off.
- Question 7
An outstanding loan is classified as Non-performing loan if it is past due for more than
- ✓ 30 days Correct
- B 60 days
- C 90 days
- D 180 days
- Question 8
Which of the following is a fee-based service of banks?
- ✓ Electronic debit transfer Correct
- B Letter of Credit
- C Bank Guarantees
- D All of the choices
- Question 9
Which of the following statements is incorrect in relation to bill discounting?
- ✓ In bill discounting, the bank purchases the bill before it is due and credits the amount to the client’s account after deducting a charge called the discount charge Correct
- B The discount charge basically represents the interest on the amount given to the client from the date of purchase of the bill till the due date.
- C Bill discounting may be done by the bank only on without recourse basis
- D None of the choices choices
- Question 10
In case of Floating rate loans ,the interest rate on the loan
- ✓ Is linked to some benchmark Correct
- B The rate can be re fixed at periodic intervals
- C Changes daily based on the benchmark
- D All of the choices
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