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This set of Banking Services Management (BSM) Multiple Choice Questions & Answers (MCQs) focuses on Banking Services Management Set 8

Q1 | What action is taken if one of the customers tenders forged note?
  • he is sent to prison
  • note is returned with remark, forged note
  • note is impound
  • d) note is torn
Q2 | Head quarter of ADB is situated at
  • new york
  • chicago
  • manila
  • tokyo
Q3 | Indian Companies have been allowed to invest upto US$ ---abroad
  • 10 million
  • 15 million
  • 5 million
  • 20 million
Q4 | As per Basel-I ………..capital can absorb losses without a bank beingrequired to cease trading.
  • tier-i
  • tier-ii
  • tier-iii
  • none of these
Q5 | Which of the following definition is most correct. UCPDC 500 is
  • set of rules applicable to cc transactions
  • set of rules having 500 article
  • set of rules fram
  • by icc governing lc business globally
Q6 | If market quotes USD/INR as 43.61/63 ,at what rate can you buy USD atthe given quote.
  • 43.61
  • 43.62
  • 43.63
  • none of the above
Q7 | A new category of scheduled banks came into existence in 1975 as RRBsunder the ………
  • regional rural banks ordinance,1975.
  • regional reconstruction banks ordinance,1975.
  • register
  • rural banks ordinance,1975.
Q8 | The three banks recently have entered in a Mega ATM sharing pact. Theyare
  • sbi, icici, & b
  • b) sbi, icici, hd
  • c) icici, andhra bank, hdfc
  • andhra bank, canara bank, sbi
Q9 | Devaluation of currency stands for
  • reducing the value of internal currency in terms of foreign currency
  • increasing the value of indian currency in terms of foreign currency
  • keeping the value of internal currency constant in terms of foreign currency
  • none of these
Q10 | Pari Passu charge refers to a charge
  • ranking in priority, regardless of quantum of advances
  • merely notional in nature
  • ranking equally in priority in proportion to the lender’s share of advance
  • none of these
Q11 | What are the four categories as per Kapur Committee recommendations forloan applications under SSI segment
  • upto 2 lacs, upto 15 lacs, upto 25 lacs, and above 25 lacs
  • upto 10 lacs, upto 25 lacs, upto 50 lacs and above 50 lacs
  • upto 2 lacs, upto 1 crores, upto 2 crores, a
  • above 2 crores
Q12 | The area of operation of …………banks are maximum of three geographicallyneighbouring districts and they are allowed to open branches only in their area of operation.
  • local area banks
  • co-operative banks
  • rrb
  • foreign exchange banks
Q13 | The banker advances money against immovable property only when theproperty is ……….to the banker.
  • loan
  • mortgaged.
  • pledg
  • d) hypothicated
Q14 | EXIM Bank was set up on
  • january1, 1982
  • january 26,1989
  • march 15,1981
  • march15,1982
Q15 | Which commission recommented the foundation of RBI
  • sarkaria commission
  • hilton young commission
  • narasimha commission
  • none of these
Q16 | At what frequency can Banks pay interest on Saving Bank Account asperRBI guidelines
  • monthly
  • quarterly
  • half yearly
  • yearly
Q17 | The VSAT communication network for banks and financialinstitutionslaunched by RBI is known as
  • swift
  • sbi net
  • bank net
  • infinet
Q18 | ………………..is a transaction where by money is borrowed by the debtor onthe security of the movable property.
  • hypothication
  • mortage
  • pledge
  • charge
Q19 | Most modern banking systems are based on
  • money of intrinsic value.
  • commodity money.
  • 100 percent reserves
  • fractional reserves.
Q20 | Which bank has become the first foreign bank to open a branch inIsrael'sdiamond exchange:
  • american express bank
  • citibank
  • standa
  • chartered bank
Q21 | RBI controls money market qualitatively through
  • open market operation
  • selective credit control
  • bank rate
  • none of the above.
Q22 | What was established in Kolkata on 1 st April 1935 in accordance with the provision of an act of the same name passed in 1934?
  • sbi
  • rbi
  • icici
  • idbi
Q23 | What unique distinction do the General Bank of India and the Bank ofHindustan founded in and around 1786 posses in the context of Indian banking history?
  • they are not registered banks
  • they are owned by rbi
  • they are first indian banks
  • they are nationalized banks.
Q24 | The Imperial Bank of India was re-named on 30th April 1955 as what?
  • sbi
  • rbi
  • icici
  • idbi
Q25 | Which bank operates on behalf of the SBI in Nigeria and was establishedin 1981?
  • sbi
  • rbi
  • icici
  • inmb