Top 250+ Solved Banking Services Management (BSM) MCQ Questions Answer
Q. The VSAT communication network for banks and financialinstitutionslaunched by RBI is known as
a. swift
b. sbi net
c. bank net
d. infinet
Q. ………………..is a transaction where by money is borrowed by the debtor onthe security of the movable property.
a. hypothication
b. mortage
c. pledge
d. charge
Q. Most modern banking systems are based on
a. money of intrinsic value.
b. commodity money.
c. 100 percent reserves
d. fractional reserves.
Q. Which bank has become the first foreign bank to open a branch inIsrael'sdiamond exchange:
a. american express bank
b. citibank
c. standa
d. chartered bank
Q. RBI controls money market qualitatively through
a. open market operation
b. selective credit control
c. bank rate
d. none of the above.
Q. What unique distinction do the General Bank of India and the Bank ofHindustan founded in and around 1786 posses in the context of Indian banking history?
a. they are not registered banks
b. they are owned by rbi
c. they are first indian banks
d. they are nationalized banks.
Q. The Imperial Bank of India was re-named on 30th April 1955 as what?
a. sbi
b. rbi
c. icici
d. idbi
Q. Which bank operates on behalf of the SBI in Nigeria and was establishedin 1981?
a. sbi
b. rbi
c. icici
d. inmb
Q. The term bank is derived from the German word ‘Banc’ which means…….
a. Security
b. Safety
c. Money
d. Joint stock fund
Q. On…………14 banks with deposit of 50 crores or more taken over by the Governmentof India
a. 1st April 1947
b. 19th July 1969
c. 1st November 1954
d. 31st March 1975
Q. Schedule banks are those banks which are included in the ………….
a. Second schedule of the Reserve Bank of India Act 1934
b. Third schedule of the Reserve Bank of India Act 1934
c. Fifth schedule of the Reserve Bank of India Act 1934
d. None of the above
Q. ………..is continues arrangement between a Commercial Bank and a business concernfor the purchase of book debt of the business concern.
a. Leasing
b. Venture capital finance
c. Factoring
d. Credit rating