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This set of Banking Services Management (BSM) Multiple Choice Questions & Answers (MCQs) focuses on Banking Services Management Set 6

Q1 | Which of the following NBFC converted itself into a commercial Bank?
  • tata finance
  • reliance capital trust
  • birla mutual
  • kotak mahindra
Q2 | Which is the current revision & year of UCPDC?
  • ucpdc 500, 1993
  • ucodc 400, 1993
  • ucpdc 300, 1973
  • none of these
Q3 | The rate of which discounting the bills of first class banks is done byRBI is called
  • bank rate
  • prime lending rate
  • loan rate
  • discounting rate
Q4 | Banking ombudsman has been constituted under which act?
  • banking regulation act
  • rbi act
  • sbi act
  • copra
Q5 | The major objective of ……..was to ensure financial safety, soundness,and solvency of banks
  • prudential norms
  • risk norms
  • profit norms
  • none of these
Q6 | A unit of the Unit Trust of India is a
  • share
  • debenture
  • negotiabl
  • instrument
Q7 | Indian Banks Association (IBA) has a common net working systemforsharing the ATM facilities in Mumbai, which is known as
  • atm network
  • shared payment network system
  • cash network
  • none of these
Q8 | Arbitrage is
  • buying and selling in two markets simultaneously
  • a rate of interest
  • a fe
  • arbitrage is a dispute
Q9 | E E F C denotes
  • exchange earners foreign currency account
  • importer’s account with bank
  • account maintain
  • by a exporter with rbi
Q10 | For which of the following currencies is the Indian rupee quotedagainst100 units of the foreign currency
  • deutsche mark
  • pound
  • japanese yen
  • us dollars
Q11 | Exchange risk in case of foreign currency Non Resident (Banks)scheme(FCNB) is borne by
  • rbi
  • depositor
  • govt. of india
  • concerned bank
Q12 | Consortium Advances refer to
  • concurrent borrowings
  • multiple financing
  • joint financing by more than one bank
  • financing of consignment business
Q13 | NABARD refinance for financing Self Help Groups is to the extent of
  • 25%
  • 50%
  • 75%
  • 100%
Q14 | The term Allonge refers to
  • the sheets of paper used in writing a deed
  • the stamps affixed on document
  • a sheet of paper attach
  • to mortgage deed for the purpose of witness
Q15 | ……………is a system of banking in which one bank carries on its businessthrough a network of branches spread all over the country.
  • chain banking
  • unit banking
  • branch banking
  • none of these
Q16 | As the credit card gives the overdraft facilities and additional………….powerto customer.
  • lending
  • deposit
  • borrowing
  • creating
Q17 | ………..represents short-term loans granted either to the discount housesor to other banks which are obtainable at call.
  • balance with other banks
  • money at call and short notice
  • bills discount
  • d) cash in hand
Q18 | Banking ombudsman means
  • person appointed to recover dues from defaulting borrowers
  • a person to whom customer can approach for redress of his grievances
  • a person appoint
  • to settle dispute between employees and management
Q19 | NGO is the term associated with
  • shg
  • pmry
  • seeuy
  • agri. advances
Q20 | Full form of SLR
  • statutory liquidity ratio
  • state level recovery
  • sundry leverage ratio
  • state liquidity reserve
Q21 | C.R.A. in banking parlance stands for
  • credit rating association
  • credit rating agency
  • credit risk assessment
  • none of these
Q22 | E.P.S. in share market stands for
  • earning per share
  • electronic payment system
  • employee pension scroll
  • equated payment system
Q23 | The Securitization and Reconstruction of Financial Asset and enforce ofSecurity Interest Act came into force from
  • 21.08.02
  • 21.06.02
  • 21.07.02
  • 21.12.02
Q24 | The powers of the Board of Directors to borrow from the bank arementioned in
  • article of association
  • memorandum of association
  • special resolution
  • a & b
Q25 | The currency Euro has been introduced w.e.f.
  • 01.01.99
  • 01.01.2000
  • 01.08.99
  • 01.03.99