Banking Services Management Set 4
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This set of Banking Services Management (BSM) Multiple Choice Questions & Answers (MCQs) focuses on Banking Services Management Set 4
Q1 | The relationship between a banker and its customer is basically that of
- a debtor and a creditor
- a trustee and the beneficiary
- a principal a
- an agent
Q2 | The banker's answer in case of dishonor of a cheque on a account ofinsufficiency of funds is generally
- refer to drawer (rd)
- no funds (nf)
- not arrang
- for (naf)
Q3 | The title of the endorsee will not be better than of the endorser in case acheque is crossed containing the words
- & co
- not negotiable
- account payee
- none of the above
Q4 | Travelers cheques are issue by
- travel agencies
- commercial banks
- tourist department of government of india
- none of the above
Q5 | When a banker accepts the securities for safe custody, the relationshipbetween a banker and a customer is that of
- a debtor and a creditor
- trustee and beneficiary
- principal a
- agent
Q6 | A right of appropriation first lies with the
- debtor
- creditor
- court
- none of the above
Q7 | The period of limitation in case of deposits with bankers from the dateon which
- deposit was made
- deposit matures
- date of dema
- for payment by the customer
Q8 | Pay order is issued by the banks for
- local payments
- inter-state payments
- foreign payments
- none of the above
Q9 | Certificate of Deposit cannot be issued by
- scheduled commercial banks
- regional rural banks
- all india financial institution
- none of the above
Q10 | The recurring deposit account combine the characteristics of ……….andfixed deposit account.
- savings account
- current account
- loan account
- none of the above
Q11 | The drawee banker of a demand draft has received intimation of theloss of the draft from the purchaser. The banker should
- stop the payment
- exercise caution
- refuse to accept the notice a
- d. issue a duplicate draft
Q12 | …………..is always drawn on a specified banker.
- bill of exchange
- promissory note
- investment receipt.
- cheque
Q13 | A customer requests for issue of a bearer demand draft. The bankershould
- strike off the word 'order' and should put the word 'bearer' on the draft
- request the customer to go to the head office
- refuse to issue the draft
- none of the above
Q14 | A and B have jointly hired a locker under "Either or Survivor" caluse.A dies. The bank should
- permit b to operate the locker
- seal the locker and open it only in the presence of b and a is legal representative
- permit operation by b a
- legal representative of a jointly
Q15 | Pay order is issued by the banks for
- local payments
- inter state payments
- foreign payments
- none of the above
Q16 | When a banker collects a cheque for which he has already given cash,hisposition is that of a…………
- collecting bank
- dealer
- agent
- holder for value
Q17 | Merchant banking includes
- managing issue of shares
- opening branches in mandis or bazaars
- financing intermediary businessmen
- none of the above
Q18 | In case of ………….days of grace are allowed
- withdrawal receipt
- bill of exchange
- cheque
- money order
Q19 | A minor can open and operate an account in his own name if he hasatleast attained the age of
- 12 years
- 16 years
- 15 years
- none of the above
Q20 | .The person appointed to operate the account after his death by thedeceased himself before his I death is called
- executor
- administrator
- attorney
- none of the above
Q21 | A joint account can be opened by the banker on receipt of applicationsigned by
- majority of the joint account holders
- all joint account holders
- any joint account holder
- none of the above
Q22 | A minor cannot
- accept a bill
- draw a bill
- endorse a cheque
- none of the above
Q23 | .The interest and principle amount of a loan not repaid by a customer ina bank ,the bank consider such loan as……..
- rd
- fd
- npa
- tod
Q24 | Banks create money by
- liberal credit
- differential instrument
- accepting deposit
- all or some of the above.
Q25 | The Apex Co-operative Bank is known as
- central co-operative bank
- state co-operative bank
- rrb
- nabrd