Top 250+ Solved Banking Services Management (BSM) MCQ Questions Answer
Q. What is the expansion of IDBI?
a. Industrial development bank of India
b. Institutional development bank of India
c. Insurance development bank of India
d. None of the above
Q. Credit rationing is a…………. method of credit control
a. Quantitative
b. Qualitative
c. Direct
d. Continues credit control
Q. “Sans recourse” means….
a. I am not afraid
b. Do not touch me
c. Ask the drawer
d. Without liability to me
Q. The first bank established in India was….
a. Bank of Bengal
b. Bank of Hindustan
c. Allahabad Bank
d. Punjab National Bank
Q. “Customer” is defined in ………….
a. Banking Regulation Act
b. Negotiable instrument Act
c. RBI Act
d. None of these
Q. Internet is the cheapest of all banking channel and helps banks to gain substantially in termsof……. Cost
a. Auditing
b. Deposit
c. Investment
d. Transaction
Q. The RBI was originally constituted as a shareholder bank with a share capital of ….
a. 50 lakh
b. 100 lakh
c. 10 crore
d. 5 crore
Q. ………..constitute the largest source of funds for the bank
a. Cash
b. Loan
c. Deposit
d. Commission
Q. Collection of cheques for the customer is a ……………… function of banks
a. Agency
b. Trustee
c. lending
d. Innovative
Q. After a customer closed his account…..
a. The banker is not liable to observe the secrecy of his account
b. The banker still liable to keep secrecy
c. The banker’s duty of secrecy comes to an end in terms of the provisions of the Negotiable Instrument Act
d. None of the above.
Q. A mandate may continue to be operative even in the case of……………….
a. Death of the agent
b. Lunacy of the agent
c. Insolvency of the agent
d. None of these
Q. A document issued by the bank to acknowledge the receipt of a fixed sum of moneydeposited…. Is called
a. Collection receipt
b. Pay in slip
c. Fixed deposit receipt
d. Bond
Q. The endorser will not liable to the holder on dishonor of a negotiable instrument if hemakes….
a. Sans-recourse endorsement
b. Facultative endorsement
c. Sans-frais endorsement
d. None of the above
Q. The relationship between a banker and its customer is basically ……
a. A debtor and a creditor
b. A trustee and the beneficiary
c. A principal and agent
d. None of the above