Banking Services Management Set 2
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This set of Banking Services Management (BSM) Multiple Choice Questions & Answers (MCQs) focuses on Banking Services Management Set 2
Q1 | The Reserve Bank of India was originally constituted as a share holder'sBank with a share capital of --
- rs. 50 lakh
- rs. 100 lakh
- rs. 10 crores
- rs. 5 crores
Q2 | Infrastructure Development Finance Company was established in -
- 1961
- 1997
- 1994
- 1991
Q3 | Nationalised Banks have been permitted to offer their equity shares tothe public to the extent of 49% of their capital as per amendments made in 1994 in
- banking regulation act, 1949
- banking companies (acquisition & transfer of undertakings) acts 1970/1980
- both in (i) a
- (ii)
Q4 | EXIM Bank is owned by -
- govt, of india and rbi jointly
- rbi and select commercial banks jointly
- fully own
- by govt, of india
Q5 | Contribution towards Rural Infrastructure Development Fund is made by
- nabard and commercial banks jointly
- state govts. and govt, of india
- only those commercial banks who fail to achieve the stipulat
- benchmark of agricultural advances and / or priority sector advances
Q6 | Credit rationing is a…………method of credit control.
- quantitative credit control
- qualitative credit control
- direct credit control
- continuous credit control
Q7 | The development programme began in our country with the launch of
- community development programme
- integrated rural development programme
- small farmers development agency
- intensive agriculture area programme
Q8 | Sans recourse" means ____.
- i am not afraid
- do not touch me
- ask the drawer
- without liability to me
Q9 | When a drawer draws a cheque without keeping sufficient balance and if the cheque is bounced for insufficient funds. The drawer is punishable with imprisonment which may extend to and or a fine.
- two months
- one year
- four months
- six months
Q10 | The highest credit risk rating that can be awarded to any company byCRISIL is…..
- ++a
- aaa
- +aa
- none of the above
Q11 | Bankers, in general, are hesitant to finance HUF because .
- the firms ceases to exist when the karta is dead.
- the firm ceases to exist with the death of any of the male coparcener.
- the liability of the firm to the banker is susceptible to change with the birth of male chi
- or with the death of a male coparcener in the huf.
Q12 | Factoring means .
- financing against bills receivables.
- financing invoices without recourse only.
- purchasing and/or administering the receivables of a concern.
- collecting the receivables and remitting to the seller.
Q13 | Under law of limitation , the liability of a guarantor is .
- 3 years form the date of document.
- 3 years from the date of default of the advance.
- 3 years from the date when the dema
- is made on guarantor.
Q14 | The first bank to be established in India was ________ ,
- bank of bengal
- bank of hindustan
- allahab
- bank
Q15 | Which type of securities are held by Reserve Bank of India beforeissuance of currency notes ?
- gold coins and bullion
- foreign securities
- government of india's securities
- all of these
Q16 | Quasi Negotiable Instrument is accepted like Negotiable Instrumentbecause of
- the force of law
- the customs and practice
- their character of negotiability
- none of these
Q17 | Loan documents executed out of India must be presented forregistration within……….of its arrival in India.
- three months
- four months
- six months
- twelve months
Q18 | Usance bills or promissory notes drawn out of India are required to bestamped by
- first holder in india
- any holder
- any party
- none of the above
Q19 | Command Area Development Programme relates to __________
- desert development
- hill area development
- livestock development
- irrigation development
Q20 | The minimum percentage of Priority Sector advances to be maintainedby foreign banks in India is .
- 40%
- 22%
- 32%
- 18%
Q21 | Margin money scheme of KVIC is applicable to the project of individualsand entrepreneurs ______________ .
- where the total project cost does not exceed rs. 10 lakh
- where the total project cost does not exceed rs. 25 lakh
- where the total project cost does not exce
- rs. 5 lakh
Q22 | Customer" is defined in -
- banking regulation act
- n.i. act
- r.b.i. act
- nowhere it is defined
Q23 | A Public Limited Company should have minimum membership of -
- 50
- 15
- 7
- no limit
Q24 | Introduction of rating methodology for banks was introduced by RBI on the lines of-
- camel
- ir
- c. cma
- none of these