Securities and Capital Banking Questions and Answers


Securities and Capital | Banking | Mock Test

 

1
____ provides a centralized storeandforward mechanism, with some transaction management.
a. SWIFT
b. FIX
c. ISO 20022
d. RIXML

Answer : SWIFT

2
_____ is an electronic communications protocol initiated in 1992 for international realtime exchange of information related to the securities transactions and markets.
a. SWIFT
b. FIX Engine
c. ISO 20022
d. FIX protocol

Answer : FIX protocol

3
______ is an efficient use of computers for transaction processing.
a. XML
b. STP
c. SWIFT
d. FIX

Answer : STP

4
_____will encourage users to build business transactions and message models under an internationally agreed upon approach, and to migrate to the use of a common XML syntax and vocabulary.
a. STP
b. FIX
c. ISO 20022
d. RIXML

Answer : ISO 20022

5
____ are the shortterm bonds that mature within one year or less from their time of issuance.
a. floatin rate bond
b. accrual bond
c. zero coupon bond
d. tbills

Answer : tbills

6
_______is used to compare the annual interest between loans with different compounding periods
a. Effective interest rate
b. simple interest
c. Compound interest
d. Periodic intersest

Answer : Effective interest rate

7
______is an amount today that is equivalent to a future payment, or series of payments, that has been discounted by an appropriate interest rate.
a. Future value
b. Stock value
c. Time value of money
d. Present value

Answer : Present value

8
______is calculated each period on the original amount borrowed plus all unpaid interest accumulated to date.
a. Fixed interest
b. simple interest
c. Compound interest
d. Periodic intersest

Answer : Compound interest

9
_______gives consumers the right to cancel certain credit transactions that involve a lien on a consumers principal dwelling, regulates certain credit card practices, and provides a means for fair and timely resolution of credit billing disputes
a. Sarbanes Oxley Act
b. Securities Oxley Act
c. Tax in Lending act
d. Truth in lending act

Answer : Truth in lending act

10
_______is defined as an undertaking in writing given by the buyers bank which guarantees payment to the beneficiary seller provided the terms and conditions stipulated in the documentary credit are duly complied with and the specified documents are presented by the beneficiary seller in strict compliance with the requirement of the documentary.
a. clean collection
b. documentory collection
c. documentary credit
d. underwriting

Answer : documentary credit

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