Banking Services Management Set 9
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This set of Banking Services Management (BSM) Multiple Choice Questions & Answers (MCQs) focuses on Banking Services Management Set 9
Q1 | The term bank is derived from the German word ‘Banc’ which means…….
- Security
- Safety
- Money
- Joint stock fund
Q2 | On…………14 banks with deposit of 50 crores or more taken over by the Governmentof India
- 1st April 1947
- 19th July 1969
- 1st November 1954
- 31st March 1975
Q3 | How many banks were nationalized India in the second stretch?
- 6
- 9
- 10
- 15
Q4 | Schedule banks are those banks which are included in the ………….
- Second schedule of the Reserve Bank of India Act 1934
- Third schedule of the Reserve Bank of India Act 1934
- Fifth schedule of the Reserve Bank of India Act 1934
- None of the above
Q5 | ………..is continues arrangement between a Commercial Bank and a business concernfor the purchase of book debt of the business concern.
- Leasing
- Venture capital finance
- Factoring
- Credit rating
Q6 | Who regulates the money circulation in India?
- SBI
- RBI
- NABARD
- Commercial Banks
Q7 | Reserve Bank of India was nationalized in the Year
- 1947
- 1948
- 1949
- 1950
Q8 | What is the expansion of IDBI?
- Industrial development bank of India
- Institutional development bank of India
- Insurance development bank of India
- None of the above
Q9 | Credit rationing is a…………. method of credit control
- Quantitative
- Qualitative
- Direct
- Continues credit control
Q10 | “Sans recourse” means….
- I am not afraid
- Do not touch me
- Ask the drawer
- Without liability to me
Q11 | The first bank established in India was….
- Bank of Bengal
- Bank of Hindustan
- Allahabad Bank
- Punjab National Bank
Q12 | “Customer” is defined in ………….
- Banking Regulation Act
- Negotiable instrument Act
- RBI Act
- None of these
Q13 | Internet is the cheapest of all banking channel and helps banks to gain substantially in termsof……. Cost
- Auditing
- Deposit
- Investment
- Transaction
Q14 | The RBI was originally constituted as a shareholder bank with a share capital of ….
- 50 lakh
- 100 lakh
- 10 crore
- 5 crore
Q15 | ………..constitute the largest source of funds for the bank
- Cash
- Loan
- Deposit
- Commission
Q16 | Collection of cheques for the customer is a ……………… function of banks
- Agency
- Trustee
- lending
- Innovative
Q17 | After a customer closed his account…..
- The banker is not liable to observe the secrecy of his account
- The banker still liable to keep secrecy
- The banker’s duty of secrecy comes to an end in terms of the provisions of the Negotiable Instrument Act
- None of the above.
Q18 | A mandate may continue to be operative even in the case of……………….
- Death of the agent
- Lunacy of the agent
- Insolvency of the agent
- None of these
Q19 | A document issued by the bank to acknowledge the receipt of a fixed sum of moneydeposited…. Is called
- Collection receipt
- Pay in slip
- Fixed deposit receipt
- Bond
Q20 | The endorser will not liable to the holder on dishonor of a negotiable instrument if hemakes….
- Sans-recourse endorsement
- Facultative endorsement
- Sans-frais endorsement
- None of the above
Q21 | The relationship between a banker and its customer is basically ……
- A debtor and a creditor
- A trustee and the beneficiary
- A principal and agent
- None of the above
Q22 | Cancellation of crossing can be done by
- Holder of the cheque
- payee of the cheque
- Drawer of the cheque
- None of the above
Q23 | Merchant banking includes
- Managing issues of shares
- Opening branches in mandis or bazaars
- Financing intermediary businessman
- None of the above
Q24 | Banks create money by
- Liberal credit
- Differential instrument
- Accepting deposit
- All of the above
Q25 | ….banks are those banks which are incorporated outside India and their head offices are alsosituated outside India
- Foreign banks
- Scheduled banks
- Non- scheduled banks
- Commercial banks