Banking Services Management Set 6
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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