30 Questions
What is the full form of IPS in banking?
Inter Bank Payment System
What is the minimum total capital that must be mentioned by BFIS (including capital conservation buffer)?
8.5
When was Basel-III introduced?
November 2010
Which bank started the first internet banking service?
Everest Bank
How many commercial banks are there in Nepal at present?
21
What does POS stand for?
Point of Sales
What is the primary purpose of accelerated death benefits in life insurance policies?
To provide financial support to terminally ill policyholders
Which of the following services is NOT typically offered by internet banking platforms?
Cash withdrawal from ATMs
Who is the first governor of Nepal Rastra Bank?
Mahaprasad Adhikari
What type of cheque is considered the safest because it cannot be encashed over the counter and requires the payee's account to deposit the funds?
Crossed Cheque
What is the primary function of a central bank?
To regulate the money supply and maintain financial stability
What is the primary principle that distinguishes Islamic banking from conventional banking?
Profit-and-loss sharing
What is the primary purpose of a term insurance policy?
To provide a death benefit to the policyholder's beneficiaries
In what year was the Bank of England established?
1694
What is the minimum paid-up capital of a national level development bank in Nepal?
1.2 Arba
When was Nepal Rastra Bank established?
none of the above
Which is the first joint venture bank of Nepal?
Nepal Grindlays
What is the first commercial bank of Nepal?
Nepal Bank Limited
What is the primary purpose of Basel?
To regulate banking sectors globally
What is Tier 1 capital composed of?
Equity capital and disclosed reserves
What is the main challenge faced by the banking sector in Nepal?
Inadequate regulation and supervision
What is the primary role of a financial advisor?
To provide recommendations on financial products
What is the main purpose of life insurance?
To minimize uncertain risks and ensure financial security
What happens if an individual does not have adequate life insurance coverage?
Their family's financial stability is potentially impacted
What type of insurance provides coverage for damage to your own vehicle?
Auto insurance
What is not a function of a central bank?
Regulating fiscal policy
What does SLR stand for in banking?
Statutory Liquidity Ratio
Which of the following is not a subject matter of marine insurance?
Fire insurance
How do banks read codes on cheques?
MICR
What is the purpose of an arbitration clause in insurance contracts?
To provide a mechanism for resolving disputes outside of the court system
Take this quiz to test your knowledge of banking and insurance, covering topics related to the Bachelor of Business Administration (BBA) course. This exam paper consists of multiple-choice questions, short-answer questions, and essay-type questions.
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