Top 250+ Solved Banking Services Management (BSM) MCQ Questions Answer
Q. Indian Banks Association (IBA) has a common net working systemforsharing the ATM facilities in Mumbai, which is known as
a. atm network
b. shared payment network system
c. cash network
d. none of these
Q. Arbitrage is
a. buying and selling in two markets simultaneously
b. a rate of interest
c. a fe
d. arbitrage is a dispute
Q. E E F C denotes
a. exchange earners foreign currency account
b. importer’s account with bank
c. account maintain
d. by a exporter with rbi
Q. For which of the following currencies is the Indian rupee quotedagainst100 units of the foreign currency
a. deutsche mark
b. pound
c. japanese yen
d. us dollars
Q. Exchange risk in case of foreign currency Non Resident (Banks)scheme(FCNB) is borne by
a. rbi
b. depositor
c. govt. of india
d. concerned bank
Q. Consortium Advances refer to
a. concurrent borrowings
b. multiple financing
c. joint financing by more than one bank
d. financing of consignment business
Q. The term Allonge refers to
a. the sheets of paper used in writing a deed
b. the stamps affixed on document
c. a sheet of paper attach
d. to mortgage deed for the purpose of witness
Q. ……………is a system of banking in which one bank carries on its businessthrough a network of branches spread all over the country.
a. chain banking
b. unit banking
c. branch banking
d. none of these
Q. As the credit card gives the overdraft facilities and additional………….powerto customer.
a. lending
b. deposit
c. borrowing
d. creating
Q. ………..represents short-term loans granted either to the discount housesor to other banks which are obtainable at call.
a. balance with other banks
b. money at call and short notice
c. bills discount
d. d) cash in hand
Q. Banking ombudsman means
a. person appointed to recover dues from defaulting borrowers
b. a person to whom customer can approach for redress of his grievances
c. a person appoint
d. to settle dispute between employees and management
Q. Full form of SLR
a. statutory liquidity ratio
b. state level recovery
c. sundry leverage ratio
d. state liquidity reserve
Q. C.R.A. in banking parlance stands for
a. credit rating association
b. credit rating agency
c. credit risk assessment
d. none of these