Banking Services Management Set 8
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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