Top 250+ Solved Banking Services Management (BSM) MCQ Questions Answer
Q. …………..is always drawn on a specified banker.
a. bill of exchange
b. promissory note
c. investment receipt.
d. cheque
Q. A customer requests for issue of a bearer demand draft. The bankershould
a. strike off the word 'order' and should put the word 'bearer' on the draft
b. request the customer to go to the head office
c. refuse to issue the draft
d. none of the above
Q. A and B have jointly hired a locker under "Either or Survivor" caluse.A dies. The bank should
a. permit b to operate the locker
b. seal the locker and open it only in the presence of b and a is legal representative
c. permit operation by b a
d. legal representative of a jointly
Q. Pay order is issued by the banks for
a. local payments
b. inter state payments
c. foreign payments
d. none of the above
Q. When a banker collects a cheque for which he has already given cash,hisposition is that of a…………
a. collecting bank
b. dealer
c. agent
d. holder for value
Q. Merchant banking includes
a. managing issue of shares
b. opening branches in mandis or bazaars
c. financing intermediary businessmen
d. none of the above
Q. In case of ………….days of grace are allowed
a. withdrawal receipt
b. bill of exchange
c. cheque
d. money order
Q. A minor can open and operate an account in his own name if he hasatleast attained the age of
a. 12 years
b. 16 years
c. 15 years
d. none of the above
Q. .The person appointed to operate the account after his death by thedeceased himself before his I death is called
a. executor
b. administrator
c. attorney
d. none of the above
Q. A joint account can be opened by the banker on receipt of applicationsigned by
a. majority of the joint account holders
b. all joint account holders
c. any joint account holder
d. none of the above
Q. Banks create money by
a. liberal credit
b. differential instrument
c. accepting deposit
d. all or some of the above.
Q. The Apex Co-operative Bank is known as
a. central co-operative bank
b. state co-operative bank
c. rrb
d. nabrd
Q. Net interest income is
a. interest earned on advances
b. interest earned on investment
c. total interest earn
d. on advances and investment