20/05/2019 Click Here - Chapter Quiz 's- TTP Gold

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Started on Monday, 13 May 2019, 7:37 AM

State Finished
Completed on Monday, 13 May 2019, 7:38 AM
Time taken 1 min 35 secs
Grade 20.00 out of 20.00 (100%)

Question 1 Following is the flow involved in a Gold Transaction.

Correct

Mark 1.00 out of Select one:

1.00
a. Customer fills the application form, Officer verifies the form and documents, Documents are     
submitted at the counter, customer receives the Gold bar and the receipt, Customer Deposits the receipt with the
officer and receives the invoice. 

b. Customer fills the application form, Officer verifies the form and documents,
Customer receives the Gold bar and the receipt, Documents are submitted at the counter, Customer Deposits the
receipt with the officer and receives the invoice.

c. Customer fills the application form, Officer verifies the form and documents,
Customer receives the Gold bar and the receipt, Customer Deposits the receipt with the officer and receives the
invoice, Documents are submitted at the counter.

d. Customer fills the application form, Documents are submitted at the counter, customer receives the Gold bar and
the receipt, Customer Deposits the receipt with the officer and receives the invoice, Officer verifies the form and
documents.

Question 2 Gold prices are affected by the following

Correct

Mark 1.00 out of Select one:

1.00
a. Daily international price of Gold

b. Forex rate basis from where it is imported

c. Cost of storing, security, tax and margin and sales tax

d. All the above.     

Question 3 Corporates buy Gold to give gifts to their employees.  The two ways of selling Gold coins by banks can be 
Correct

Mark 1.00 out of Select one:

1.00
a. Give the Gold to the companies for onward distribution to its employees

b. Utilize bank network to distribute Gold directly to the employees. 

c. Send Gold to the employees through mail or courier.

d. Both a and b are correct. 

Question 4 Gold coins are normally gifted to the employees by corporate bodies for
Correct

Mark 1.00 out of Select one:

1.00
a. Employees’ excellence in the area of their operation

b. Achievement of their targets

c. Good conduct and behaviour in the organization

d. All the above      

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Question 5 The highest purity of Gold coins sold by banks can be certified to be of
Correct

Mark 1.00 out of Select one:

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a. 99.98% purity

b. 99/99% purity 

c. 100% Purity

d. No range.  Cannot be certified.  

Question 6 Gold is normally bought from a Bank due to the following reasons
Correct

Mark 1.00 out of Select one:

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a. Their reliability

b. Their purity

c. Convenience and online transactions facilities

d. All the above. 

Question 7 What is the difference between a 22 carat and 24 carat Gold?

Correct

Mark 1.00 out of Select one:

1.00
a. 24 carat gold contains 24 parts pure gold. 22 carat gold contains 22 parts gold and some part of other metals
which cannot be measured correctly.

b. 24 carat gold contains 24 parts pure gold. 22 carat gold contains 22 parts gold and 2 parts of other metals added

as alloy.  In the west the Carat is expressed in fineness. 

c. 24 carat gold contains 24 parts pure gold.  22 carat gold contains 22 parts gold and 2 parts of other metals

added as alloy. ... 18 carat gold contains 18 parts pure gold with 6 parts of other metals added. In the West the carat is
expressed in fineness. 

d. None of the above

Question 8 Following are the documents obtained while sanctioning a Gold Loan to a customer.
Correct

Mark 1.00 out of Select one:

1.00
a. Two passport size photograph

b. ID Proof such as Driving License / PAN Card / Form 60/61 / Passport Copy / Voter ID Card / Aadhaar Card /
Ration Card (Any one document)

c. Address Proof such as Driving License / Voter ID Card / Ration Card / Aadhaar Card / Passport Copy / registered
lease agreement with not older than 3 months utility bills in the name of landlord (any one) -Proof of land holding in
case of agriculture loan of more than Rs. 1 lakh

d. All the above. 

Question 9 Offering Gold is based on its purity and weight

Correct

Mark 1.00 out of Select one:

1.00
a. True 

b. False

Question 10 Banks can buy back Gold coins from their customers       
Correct

Mark 1.00 out of Select one:

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a. True

b. False 

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Question 11
Gold as a Third party product has gained importance, due to the following reasons
Correct

Mark 1.00 out of

1.00
Select one:
a. Gold has gained to be an important investment option

b. Indians have a great passion for Gold

c. Gold is purchased during festival seasons or other important occasions

d. All the above 

Question 12 Which of the following statement is more acceptable

Correct

Mark 1.00 out of Select one:

1.00
a. Making Gold involves additional charges and wastage

b. Gold coins are more attractive for investment

c. Gold coins are more attractive for investment

d. Both a and b are correct 

Question 13
Carat (K) is  a term used to measure the Gold purity and is used for a maximum of
Correct

Mark 1.00 out of

1.00
Select one:
a. 22 carats

b. 24 carats 

c. 20 carats

d. 26 carats

Question 14 Modes of payment for purchasing Gold can be through

Correct

Mark 1.00 out of Select one:

1.00
a. Cash

b. Cheque

c. Internal Fund transfer to the Bank’s specified account

d. All the above 

Question 15 Buying Gold from a Bank is more preferred due to the following reason
Correct

Mark 1.00 out of Select one:

1.00
a. The gold sold by banks are of internationally certified quality

b. It is 24 carats and 100% pure

c. Both a and b are correct 

d. Banks have a tie up with other Gold jewellery companies in such transactions

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Question 16 Following are the factors which change the Gold Prices on a daily basis
Correct

Mark 1.00 out of Select one:

1.00
a. Daily international price of Gold

b. Forex market position when Gold is imported

c. Banks’ margin and storage costs

d. All the above 

Question 17 The two ways of distribution of Gold coins to its employees by Corporates are
Correct

Mark 1.00 out of Select one:

1.00
a. Onward distribution and Branch Net Work 

b. Personal visit to their house and through mailing

c. Sending through designated employees and delivering through Malls

d. No such system is being followed by Corporates   

Question 18 Investment in Gold can be made through Gold Future assets which means
Correct

Mark 1.00 out of Select one:

1.00
a. You can go through a future market and buy gold

b. You visit a local market and buy Gold

c. You do not exchange gold itself, but rather profit from the difference between its value change and an expected
value change 

d. No Future options are available for purchase of Gold

Question 19 Gold is very helpful in meeting our contingent expenses

Correct

Mark 1.00 out of Select one:

1.00
a. True 

b. False

Question 20
Corporates Buy Gold which shall be helpful in gifting Gold to their employees                                                              
Correct

Mark 1.00 out of Select one:

1.00
a. True 

b. False

◄ Click Here - E-Learning - TTP-Gold Jump to... Section B ►

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