Top 250+ Solved Banking Services Management (BSM) MCQ Questions Answer
Q. Nationalised Banks have been permitted to offer their equity shares tothe public to the extent of 49% of their capital as per amendments made in 1994 in
a. banking regulation act, 1949
b. banking companies (acquisition & transfer of undertakings) acts 1970/1980
c. both in (i) a
d. (ii)
Q. EXIM Bank is owned by -
a. govt, of india and rbi jointly
b. rbi and select commercial banks jointly
c. fully own
d. by govt, of india
Q. Contribution towards Rural Infrastructure Development Fund is made by
a. nabard and commercial banks jointly
b. state govts. and govt, of india
c. only those commercial banks who fail to achieve the stipulat
d. benchmark of agricultural advances and / or priority sector advances
Q. Credit rationing is a…………method of credit control.
a. quantitative credit control
b. qualitative credit control
c. direct credit control
d. continuous credit control
Q. The development programme began in our country with the launch of
a. community development programme
b. integrated rural development programme
c. small farmers development agency
d. intensive agriculture area programme
Q. "Sans recourse" means ____.
a. i am not afraid
b. do not touch me
c. ask the drawer
d. without liability to me
Q. When a drawer draws a cheque without keeping sufficient balance and if the cheque is bounced for insufficient funds. The drawer is punishable with imprisonment which may extend to and or a fine.
a. two months
b. one year
c. four months
d. six months
Q. The highest credit risk rating that can be awarded to any company byCRISIL is…..
a. ++a
b. aaa
c. +aa
d. none of the above
Q. Bankers, in general, are hesitant to finance HUF because .
a. the firms ceases to exist when the karta is dead.
b. the firm ceases to exist with the death of any of the male coparcener.
c. the liability of the firm to the banker is susceptible to change with the birth of male chi
d. or with the death of a male coparcener in the huf.
Q. Factoring means .
a. financing against bills receivables.
b. financing invoices without recourse only.
c. purchasing and/or administering the receivables of a concern.
d. collecting the receivables and remitting to the seller.
Q. Under law of limitation , the liability of a guarantor is .
a. 3 years form the date of document.
b. 3 years from the date of default of the advance.
c. 3 years from the date when the dema
d. is made on guarantor.
Q. The first bank to be established in India was ________ ,
a. bank of bengal
b. bank of hindustan
c. allahab
d. bank
Q. Which type of securities are held by Reserve Bank of India beforeissuance of currency notes ?
a. gold coins and bullion
b. foreign securities
c. government of india's securities
d. all of these
Q. Quasi Negotiable Instrument is accepted like Negotiable Instrumentbecause of
a. the force of law
b. the customs and practice
c. their character of negotiability
d. none of these