Banking Services Management Set 1
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This set of Banking Services Management (BSM) Multiple Choice Questions & Answers (MCQs) focuses on Banking Services Management Set 1
Q1 | Who regulates the money circulation in India?
- state bank of india
- reserve bank of india
- naba
- (d) commercial banks
Q2 | Which of the following is not an organized sector in India?
- nationalised banks
- regional rural banks
- cooperative banks
- chits and money lenders
Q3 | Who will settle the grievances of customers of banks?
- reserve bank of india
- state bank of india
- local courts
- ombuds men
Q4 | Who introduced the Banking Ombudsmen Scheme?
- rbi
- sbi
- ministry of finance
- nabard
Q5 | Which was the firth Bank corporated by the Indians? (1881)
- imperial bank of india
- state bank of india
- avadh commercial bank(oudh)
- reserve bank of india
Q6 | When was Reserve Bank of India established?
- 1920
- 1925
- 1935
- 1948
Q7 | When was Reserve Bank of India Nationalised?
- 1947
- 1948
- 1949
- 1950
Q8 | When was Indian Banking Act come into force?
- 1948
- 1949
- 1950
- 1951
Q9 | Imperial Banks were amalgamated and changed as _________
- reserve bank of india
- state bank of india
- subsidiary banks
- union bank of india
Q10 | How many banks were first nationalised?
- 10
- 12
- 14
- 16
Q11 | When was the second phase of nationalisation done?
- 9th july 1969
- 10th july 1968
- 16th august 1985
- 15th april, 1980
Q12 | Who will act as the banker to the Government of India?
- state bank of india
- reserve bank of india
- naba
- (d) nationalised banks
Q13 | Where is the Head Quarter of Reserve Bank of India?
- mumbai
- delhi
- kolkotta
- ahmedabad
Q14 | When was Lead Bank Scheme introduced?
- 1967
- 1968
- 1969
- 1974
Q15 | The first development financial institution in India that has got mergedwith a bank is
- idbi
- icici
- idfc
- uti
Q16 | ……….prepared a framework through a consultative process to secure international convergence of supervisory regulations governing the capitaladequacy of international banks.
- basel committee on banking supervision
- banking committee on banking supervision
- basel company on banking supervision
- banking company on banking supervision
Q17 | Gilt edged securities refer to
- government securities
- securities issued by municipal corporations
- securities issu
- by first class companies
Q18 | Indian Banks Association (IBA) has a common net working system forsharing the ATM facilities in Mumbai, which is known as
- atm network
- shared payment network system
- cash network
- none of these
Q19 | World Bank stands for
- nabard
- gatt
- ib
- d) bank of england
Q20 | Where is the headquarters of SWIFT?
- hong kong
- brussels
- london
- mumbai
Q21 | NABARD is a
- department of rbi
- wholly owned subsidiary of rbi
- subsidiary of sbi
- none of the above
Q22 | Which of the following statement is correct.
- foreign exchange markets are localized markets
- foreign exchange markets operate within a country’s time zone.
- foreign exchange markets are dynamic a
- round the clock markets
Q23 | Who is the Governor of RBI?
- bimal jalan
- y v reddy
- raghuram rajan
- ranga reddy
Q24 | Section 14 of Banking Regulation Act, 1949
- prohibits a banking company from creating a charge upon any unpaid capital of the company.
- contains a system of licensing of banks by the r.b.i.
- provides that the subscrib
- capital of a banking company should not be less than one-half of its authorized capital.
Q25 | A Bank is under a statutory obligations to honour its customer'scheques vide
- section 10 of the banking regulation act, 1949.
- section 3 of the r.b.i. act, 1934.
- section 31 of the negotiable instruments act, 1881.
- none of these