MG University Previous Question Papers: B.com Modern Banking(sem-1)

B.com Modern Banking

B.Com- 1st Semester, Core 2

MODERN BANKING

1. Demand deposit also known as ___________________.

a) Current account b) Fixed deposit

c) Capital account d) Recurring deposit

ANS:A

2. Bank places certain restriction on withdrawal for _______________ deposit.

a) Savings deposit b) Demand deposit

c) Current account d) Fixed deposit

ANS:A

3. Mixed banking is now referred to as ______________ .

a) Commercial banking b) Universal banking

b) Merchant banking d) Development banking

ANS:B

4. ______________ is the contribution made by the shareholders of the bank.

a) Loans & advances b) cash in hand

c) Bills discounted d) Share capital

ANS:D

5. __________ was originally the home of commercial banking.

a) U.S.A b) England

c) Britain d) Germany

ANS:D

6. ____________ was initially the home of industrial or investment banking.

a) Italy b) England

c) Geneva d) Germany

ANS:D

7. The trend in India is towards ___________.

a) Mixed banking b) Development banking

c) Commercial banking d) Industrial banking

ANS:A

8. ___________ to ___________ percent of total deposit is kept as cash reserve.

a) 5 to 10 b) 11 to 15

c) 8 to 11 d) 9 To 11

ANS:D

9. Commercial banks to expand deposit through expanding their loans and advances is known as

___________.

a) Credit creation b) Trade discount

c) Deposit d) Bank advances

ANS:A

10. Rediscounting and giving advance the central bank changes interest at a rate which is known as

__________

a) CRR b) SLR

c) Bank Rate d) Credit

ANS:C

11. The nationalization of 14 commercial banks was on?

a) 19 July, 1969 b) 15 Aug, 1972

c) 15April, 1980 d) 19 Jan, 1959

ANS:A

12. The State Bank of India was established under the State Bank of India Act on?

a) 1935 b) 1948

c) 1955 d) 1952

ANS:C

13. RBI introduced 14-day intermediate Treasury Bills and 14-day Treasury bills on?

a) 1994 b) 1997

c) 1984 d) 1972

ANS:B

14 RBI introduced a bill Rediscounting Scheme in?

a) 1997 b) 1956

c) 1970 d) 1984

ANS:C

15. RBI introduced the system of repurchase of dated Government securities through addition at fixed cutoff

rate of interest is?

a) Reverse Repos b) CRR

c) LAF d) SLR

ANS:A

16. DIC stands for?

a)Deposit Investment Corporation

b)Deposit Insurance Corporation

c) Deposit Industrial Corporation

d)Development Corporation of India

ANS:C

17. ______ Commission recommended the formation of a Central bank in1926.

a)Narasimham committee

b)Bretton Wood Committee

c)Hilton-Young Committee

c)Banking Enquiry Committee

ANS:C

18. System of banking is guided by the Islamic Law called?

a)Islamic Guide b)Islamic Banking

c)Banking Regulation Act d) Shariat

ANS:D

19. Overdraft is a credit facility granted by Commercial banks to ________ holders.

a)Current Account c)Cash Account

c)Capital Amount d)Reserve Fund

ANS:A

20. Money at call and short notice is also known as?

a)Capital Market b)Inter bank call money market

c)Financial system d)Financial Call money

ANS:B

21. Creation of derivative deposit out of the money from primary deposit is called?

a)Cash Credit b)Lending Money

c)Credit Creation c)Loan and advances

ANS:C

22. The process of credit creation by the banking system as a whole is termed as ?

a)Multiple credit creation

b)Primary deposit

c)Credit creation

d)Single bank credit system

ANS:A

23. The regulator of Indian Money market is?

a)SBI b)Commercial bank

c)RBI d)SEBI

ANS:C

24. The regulator of Indian Capital Market is?

a)SEBI b)SBI

c)RBI d)Commercial Bank

ANS:A

25. Bridge Loan is also known as?

a) Swing Loan b)Term Loan

c)Demand loan d)Farm Loan

ANS:A

26. 182-day Treasury bill was introduced in Indian Money Market in?

a)19992 b)1972

c)1987 d)1952

ANS:C

27 __________ is a loan available to senior citizen.

a)Reverse mortgage b)Bridge loan

c) Personal d)Farm loan

ANS:A

28. CIBIL stands for?

a)Credit Information Bureau Ltd

b)Credit Information Banking India Ltd

c)Credit Investment Bureau India Ltd

d)Credit Information Bureau India Ltd

ANS:D

29. The value of money received today will be more than a rupee tomorrow is?

a)Time Value of money b)Present value of money

c)Future value of money d)Compound value of money

ANS:A

30. The interest computed on the principal for the entire period of borrowings?

a)Compound Interest b)Simple Interest

c)Flat Rate Interest d)Floating Rate Interest

ANS:B

31. The periodical interval at which interest is added is called?

a)Floating period b)Compounding Period

c)Fixed period d)Periodic payment

ANS:B

32. Rate of interest fluctuates according to market lending rate in?

a)Simple interest b)Flat rate interest

b)Compound interest d)Floating rate

ANS:D

33. ________Act offer incentive to attract people to invest in housing property.

a)Sales tax b)Income Tax Act 1961

c)Banking regulations Act d)Co-operative Societies Act

ANS:B

34. Loan designed for people who wish to sell the existing home and purchase and purchase another?

a)Bridge loan b)Housing loan

c)Demand Loan d)Personal loan

ANS:A

35. The first joint Stock Bank in India?

a)IDBI b)ICICI

c)Imperial Bank d)Allahabad Bank

ANS:C

36. The loan facility where neither ownership nor possession of asset is transferred as security to the bank

is called?

a)Pledge b)Mortgage

c)Hypothecation d)Property security

ANS:C

37. Repayment of an educational loan is deductable u/s_______ of the Income tax Act

a)70 b)80

c)60 d)90

ANS:B

38. BPLR means?

a)Bench Mark Prime lending Rate

b)Bench Mark Primary money lending rate

c)Bench Mark Primary Loan Repayment

d)Bank Primary Lending Rate

ANS:A

39. Compound interest is calculated by applying?

a)CI=P(I+R)n-P b)CI=P(I+R)n

c)CI=PNR d)CI=P(I+R)(I+R)n

ANS:A

40. If interest is changed on full amount of loan(principal) throughout the entire tenure of the loan is?

a)Float rate b)Fixed rate

c)Flat rate d)Diminishing rate

ANS:C

41. The borrower repays his loan by way of fixed monthly installments to the bank is called?

a)Equal month installment

b)Equally managed

c)Equated monthly installment

d)Equated money installment

ANS:D

42. RBI introduced _________ scheme in 1969?

a)SAA b)village adaptation

c)Lead bank d)DIR

ANS:C

43. ________act as a Consortium leader of the banking institutions in the district?

a)Lead Bank b)Social banking

c)Core banking d)District co-operative bank

ANS:A

44. The service area approach was introduced in?

a)June 1989 b)January 1989

c)April 1989 c)August 1989

ANS:C

45. In SAA, all Rural and Semi-Urban branches of all scheduled banks including RRBs were allocated

specific villages called?

a)Service approach b)development villages

c)Village area d)Service area

ANS:D

46. _________will give financial assistance at concessional rate of interest to income groups for

productive purposes

a)DIR b)Priority sector

c)Village adoption scheme b)SAA

ANS:A

47. Who introduced micro credit system in social banking segment?

a)Geoffery Growther of Prof.D.R Gadgil b) Nobel laureate & Mohammed Yunus

c)N.D Thiwari d)Banking Regulation Act 1949

ANS:B

48. _______is a registered or unregistered group of micro entrepreneur having homogenous social and

economic backgrounds.

a)Village adoption b)Microfinance

c)Priority sector d)Self help group

ANS:D

49. “Buy now and Pay later” is the motto of a ______.

a)ATM b)Debit card

c) credit card d)MICR

ANS:C

50. Credit card allow one to buy goods now and pay later called?

a)Buying on credit b)Buying on debit

c)Cash credit d)Cash Payment

ANS:B

51 TPIN Stands for

(a) Timing of the preparation of interest rate

(b) Techniques of personal index number

(d) Telephone personal identification number

ANS:D

52 E- Purse is a prepaid card and is known as ________________

(a) Stored value card (b) Electronic Card

ANS:A

53 Card issuers, consumers, merchants and payment sever/Service producer are four parties in _________

(a) Cheque truncation (b) e -purse

ANS:B

54 ________ means the transfer of money from one bank account to another electronically.

(a) EFT (b) SWIFT

ANS:A

55 Bank all over the world are enter - linked through satellite provided by __________

(a) PSAM (b) SWIFT

ANS:B

56 EFT is also known as

(a) Easy Fund Transfer (b) Maintenance Fund Transfer

ANS:D

57 FIRPS stands for

(a) Foreign inward Remittance Payment Scheme

(b) Foreign Investment Remittance Payment Scheme

(d) Foreign Investment Remittance Payment System

ANS:B

58 ____________ is a system that facilitates individuals, firms and corporate to electronically transfer funds

from any bank branch to any individual having an account with any other bank branch in the country.

(a) NEFT (b) EFT

ANS:A

59 In case of non-credit or delay in credit to the beneficiary account, the NEFT of the respective bank can be

contacted to __________

(a) ECS (b) KYC

ANS:C

60 ___________ is an alpha-numeric code that uniquely identifies a bank branch participating NEFT System.

(a) IFS (b) IFSC

ANS:B

61 IFSC is an _______digit code

(a) 8 (b) 14

ANS:D

62 IFTP means _________

(a) Inter-bank finance settlement process (b) Inter-bank fund transfer process

ANS:B

63 In RTGS Minimum amount to be remitted is ___________

(a) Rs.1,00,000 (b) Rs.2,00,000

ANS:B

64 In India, RTGS has been implemented on ___________

(a) 26 March 2004 (b) 26 March 1998

ANS:A

65 _________ is a funds transfer mechanism where transfer of money takes place from one bank account to

another bank account is real time.

(a) NEFT (b) EFT

ANS:D

66 BACS means ________

(a) Bankers Automated clearing services (b) Bankers Automatic clearing system

ANS:A

67 _______ Credit is used for fund transfer to large number of beneficiaries by a single debit to an account of

bank.

(a) EFT (b) IFSC

ANS:C

68 ECS payment ______ code is essential

(a) MICR (b) RTGS

ANS:A

69 MICR is a numeric code that uniquely identifies a bank-branch participating in the ________ scheme.

(a) IFSC Credit Scheme (b) EFT Credit Scheme

ANS:D

70 MICR is a ________ digit code.

(a) 9 (b) 11

ANS:A

71 CTS was introduced RBI in _________

(a) February 1995 (b) January 2006

ANS:D

72 ________ conversion of physical cheque into electronic form for transmission to the paying bank.

(a) CTS (b) ECS

ANS:A

73 CORE stands for ________

(a) Central operations of exchange (b) Centralized Online Real time exchange

ANS:B

74 Banking services that increasingly rest on technology and communication systems is popularly known as

___________

(a) Hi-tech banking (b) Internet Banking

ANS:A

75 _________ is also called virtual banking or anywhere banking.

(a) Hi-tech banking (b) Off shore banking

ANS:C

76 _________ banking implies co-operation among group of banks for various large scale banking operations

and to enjoy the economics of scale.

(a) Multiple banking (b) Consortium banking

ANS:B

77 In _______ banking, different banks provide different banking services to a single borrower without

having a common arrangement or understanding between the lenders.

(a) Mixed banking (b) Group banking

ANS:C

78 _______ banking refers to the establishment of banking unite which deal only with foreign currencydenominated

assets & liabilities.

(a) Unit banking (b) Off-shore banking

ANS:B

79 Off-shore banking units by Indian Banks in _________

(a) Genevia (b) U..S

ANS:D

80 The banking activities performed by foreign banks in a foreign country are known as _________

(a) Foreign bank (b) Hi-tech banking

ANS:C

81 Narasimham Committee - 1 report known as __________

(a) Banking sector reforms (b) Financial sector reforms

ANS:B

82 Narasimham Committee - II report known as ________

(a) Financial Sector reforms (b) Banking Sector reforms

ANS:B

83 An individual or organisation which acted as a money changer and exchanged one currency for another’s

is ____________

(a) Foreign bank (b) Money lender

ANS:C

84 ICICI Bank is the first major ________ in the country

(a) Universal bank (b) Commercial bank

ANS:A

85 ___________ & ________ are owners funds of the bank, as they belong to the shareholders.

(a) Cash is hand & Cash at bank (b) Assets & liabilities

ANS:C

86 The banking system which combines commercial banking with investment banking is known as

______________

(a) Multiple banking (b) Group banking

ANS:C

87 The German banks combined development banking with commercial banking and has came to be what is

known as __________

(a) Mixed banking (b) Group banking

ANS:A

88 The first asset on the portfolio of a commercial banks asset is __________

(a) Cash in hand (b) Share capital

ANS:A

89 ___________ called primary reserve of bank

(a) Retained earnings (b) Goodwill

ANS:C

90 ________ is a highly liquid asset

(a) Commercial paper (b) Money at call of short notice

ANS:B

91 The bill of exchange are regarded as _________

(a) Guilt-edged paper (b) Commercial paper

ANS:A

92 Deposit are secondary or derived form the primary deposits is known as _______

(a) Credit creation (b) Multiple credit creation

ANS:D

93 ________ can be defined as the expansion of bank deposits through the process of more loans &

advances and investment.

(a) Primary Deposit (b) Credit creation

ANS:B

94 The Government delegates the right of ________ to the central bank.

(a) Printing currency note (b) Coins

ANS:A

95 The deposit balances kept by all commercial banks with the central bank are known as ____________

(a) Earning per share (b) Reserve

ANS:C

96 ____________acts as an agent of RBI

(a) SBI (b) Scheduled Bank

ANS:A

97 ___________ lender of last resort

(a) Central bank (b) Scheduled bank

ANS:A

98 DFHI stands for _____________

(a) Discount & Finance Housing investment Ltd. (b) Direct Finance House of India Ltd.

ANS:C

99 DFHI was set up by RBI in ____________

(a) 1988 (b) 1962

ANS:A

100 The first Indian Commercial bank to set up a merchant banking division in 1972.

(a) SBT (b) SBI

ANS:B

101 When customer offers immovable property like land and building as security for a loan, charge thereon is

created by means of __________

(a) Pledge (b) Hypothecation

ANS:C

102 According to Sec. 19(2) of the Banking Regulation Act, a bank can hold shares in a company not

exceeding.

(a) 20% (b) 25%

ANS:C

103 A debit card holder makes payment for purchases -

(a) after 15 days (b) after 20 days

ANS:D

104 RBI introduced a __________operated through repo and reverse repo

(a) LAF (b) CRR

ANS:A

105 ____________ is an asset which does not disclose any problem in terms of repayment.

(a) Doubtful asset (b) Sub-standard assets

ANS:D

106 Asset remained as NPA for a period not exceeding 12 months _______

(a) Sub standard asset (b) Performing asset

ANS:A

107 Asset remained in the sub-standard category for 12 months or more is ___________

(a) Loss asset (b) NPA

ANS:C

108 NPA is defined as a credit facility in respect which the interest and /or instalment of principal has

remained overdue for ______ days.

(a) 120 (b) 75

ANS:D

109 ________ was the main reason for the reduced profitability of the commercial banks in India.

(a) LAF (b) CRAR

ANS:C

110 Before sanctioning loans banks should updated their __________ profiles and to follow credit rating

exercises.

(a) Cash balance (b) KYC

ANS:B

112 When an asset is in the sub-standard category is ___________ of total outstanding.

(a) 10% (b) 25%

ANS:A

113 CRAR Means -

(a) Credit Reserve Asset Ratio (b) Capital Reserve Asset Ratio

ANS:C

114 CRAR was based on ________norms

(a) Basel (b) Adequacy ratio

ANS:A

115 _________ ratio is a barometer for measuring the safety of banks.

(a) EPS (b) Capital Adequacy

ANS:B

116 _________ means the ratio of share capital of a bank to the risk adjusted value of assets.

(a) CRAR (b) Retained earnings

ANS:D

117 _________ is an international bank-rating system with which bank supervisory authorities are

institutions according to six factors.

(a) BASEL (b) CAMELS

ANS:B

118 The Head office of __________ is in Basel

(a) DRT (b) IFC

ANS:C

119 _________ are popularly known as Basel Norms.

(a) BIS (b) CRR

ANS:A

120 BIS was established in _______

(a) 1920 (b) 1930

ANS:B

121 The three pillars of basel II capital accord for financial stability are Minimum capital requirements

supervisory review and________

(a) Debt recovery (b) Market orientation

ANS:C

122 The Banking Ombudsman scheme was first introduced in..............

(a) June 1994 (b) June 1995

ANS:B

123 ........is a quasi judicial authority appointed by the RBI to redress customer complaints against certain

deficiency in banking services

(a) Banking Ombudsman (b) Consumer redressel

ANS:A

124 ............... were set up by passing recovery of debts due to Banks and financial institutions Act 1993

(a) RTGS (b) CAMELS

ANS:C

125 The time limit allowed under Ombudsman scheme for a customer is................

(a) 6 months (b) Two year

ANS:D

126 To constitute a............ there must be some recognizable course or habit of dealing in the regular banking

business

(a) Banker (b) Customer

ANS:B

127 The relationship between banker and customer is broadly classified into............ and ........

(a) General and special (b) Agent and principal

ANS:A

128 The fundamental or primary relationships between a banker and customer is that of ...... and.................

(a) Debtor and creditor (b) Agent and principal

ANS:A

129 When an amount is deposited into an account banker becomes the............. and the customer becomes

the...............

(a) Creditors & debtor (b) Drawer and Drawee

ANS:D

130 The bankers debt is known as.................

(a) Cash reserve (b) Deposit

ANS:B

131 One who is employed to do any act for another or to represent another in dealing with a third person

is..................

(a) Principal (b) Broker

ANS:C

132 The obligation of a banker to honour his customers cheques in extinguished on receipt of an order of the

court is known as...........

(a) Court order (b) Garnishee order

ANS:B

133 .....................often used as provisional remedy

(a) Garnishee order (b) Consumer grievances

ANS:A

134 Section 4 of the...... Act a banker may be asked to produce a copy of his customers account before the

court for verification

(a) Income tax Act 1961 (b) Banking regulation Act 1949

ANS:D

135 Banker has.... lien

(a) Particular (b) Special

ANS:C

136 The role of a banker when he collects cheques, buys and sells, shares, pays insurance premium is that

of.........

(a) Debtor (b) Agent

ANS:B

137 Section 12 of............. Act lays down obligation on banker to maintain a record of all transactions verify

and maintain the records of the identity of all clients and furnish information when required

(a) Prevention of money lending Act 2002 (b) Bankers book evidence Act, 1891

ANS:A

138 ............ right enable a banker to combine a debit balance in one account of the customer with his credit

balance is some other account

(a) Right of particular lien (b) Right of appropriation

ANS:C

139 Banker can exercise the right of set off

(a) If the two accounts are in the same name and same right

(b) After the garnishee order if received

(d) Even if the customers dues are payable at a future date

ANS:A

140 ............. case apply where the account goes into debit the first item on the debt side is discharged by first

item on the credit side

(a) Clayton's case (b) Right to set off

ANS:A

141 A fixed deposit is meant for those investors who want to deposit a........... of money for a fixed period

(a) Small amount (b) Interval

ANS:C

142 Banks maintain customer's accounts both for....... and..........

(a) Loan and payment (b) Deposits and loans

ANS:B

143 .........................are running account with unlimited operational facilities

(a) Demand deposit account (b) Cumulative deposit account

ANS:A

144 Current account are also called............

(a) Savings account (b) Time deposit account

ANS:C

145 The minimum period for which a commercial bank can accept term deposit is............

(a) 8 days (b) 7 days

ANS:B

146 The minimum amount for which a certificate of Deposit may be issued by a bank

(a) Rs.1 lakh (b) Rs. 50000/-

ANS:A

147 Interest on fixed deposit is compounded..........

(a) Monthly (b) Half yearly

ANS:C

148 In sweep in facility, banks maintain two accounts for a customer, one savings/current account and

another................account

(a) Recurring account (b) Cumulative deposit account

ANS:D

149 ................. is meant for some one who wants to invest a specific sum of money on a monthly basis for a

fixed rate of return

(a) RD (b) SD

ANS:A

150 The minimum investment of recurring deposit varies.................

(a) 10000 (b) 1000

ANS:C

151 The sweep- in facility gives high interest rate for ...............deposit

(a) FD (b) RD

ANS:A

152 .............. account is opened by NRIs in Indian Banks

(a) NRO (b) NRI

ANS:C

153 Interest for NRE account is fixed on the basis of..............

(a) LIBOR (b) LIBER

ANS:A

154 FCNR deposits are.................. operated by NRIs in Indian bank for a fixed period in major foreign

currencies

(a) NRE deposit (b) Term deposit

ANS:B

155 NRI who has returned home after staying abroad for a minimum period of.......... can open an RFC

account

(a) One year (b) 180 days

ANS:A

156 .......... is an anti money laundering measure specified in the prevention of money laundering act 2002

(a) SAA (b) FCNR

ANS:C

157 A cheque is ...................

(a) Instrument (b) Negotiable instrument

ANS:B

158 As per the Act Negotiable instrument means..................

(a) Document (b) Transferred instrument

ANS:A

159 The maker of a cheque is called the.....................

(a) Drawer (b) Drawee

ANS:A

160 Bill of exchange is a................

(a) Printed form (b) Crossing

ANS:C

161 ...........cheque is easily transferred from one person to another by mere delivery

(a) Open cheque (b) Bearer cheque

ANS:B

162 The payees name is written on the cheque is called.................

(a) Mutilated cheque (b) Open cheque

ANS:D

163 .................... cheque cannot be transferred from one person to another by mere delivery

(a) Open cheque (b) Crossed cheque

ANS:C

164 A cheque can be crossed by drawing two transverse parallel lines through top left corner of the cheque is

called ............

(a) General crossing (b) Special crossing

ANS:C

165 A cheque is not meant for indefinite circulation is called............

(a) Open cheque (b) Stale cheque

ANS:B

166 ................ cheque is presented for payment within 3 months of the date appearing on the cheque

(a) Order cheque (b) Open cheque

ANS:D

167 If a cheque is torn into two or more pieces and presented for payment is called a.........

(a) Mixed cheque (b) Mutilated cheque

ANS:B

168 Cheque in which the drawer mentions the date earlier to the date of presenting it for payment is

called.............

(a) Ante-dated cheque (b) Crossed cheque

ANS:A

169 If a cheque bears a date which is yet to come is termed as a.................

(a) Post-dated cheque (b) Ante-dated cheque

ANS:A

170 ............... is a person who become the possessor or payee of a negotiable instrument for a consideration

(a) Holder (b) Electronic cheque

ANS:C

171 .................. cheque is generated, written and signed electronically

(a) e-cheque (b) Cheque truncation

ANS:D

172 The physical movement of a paper cheque issued stops is...............

(a) Electronic cheque (b) Marking cheque

ANS:C

173 In general crossing two.................... transverse lines are compulsory

(a) Parallel (b) Vertical

ANS:A

174 When the name of the collecting banker is written on the face of the cheque it is called...........

(a) Crossing (b) Particular crossing

ANS:D

175 Account payee crossing is also called as................

(a) Restrictive crossing (b) Reserve crossing

ANS:A

176 If a cheque contains a future date is called

(a) Present cheque (b) Post-dated cheque

ANS: ANS:B

177 .................means signing on the back of a negotiable instrument with a view to transfer the title in the

instrument to another person

(a) Underwriting (b) Document

ANS:D

178 The endorsement on the back of the instrument is full, a separate paper can be attached called

(a) Worksheet (b) Allonge

ANS:B

179 If the endorser merely signs his name on the back of the instrument without mentioning the name of the

person to whom the instrument is transferred it is called..............

(a) Blank endorsement (b) Full endorsement

ANS:A

180 The endorser undertakes to compensate the endorsee in the event of dishonour. But here the endorser

escapes from the liability of dishonour is.....................

(a) Qualified endorsement (b) Sanfrais endorsement

ANS:D

181 If the endorser waives any of his rights on endorsement is called

(a) Facultative endorsement (b) Restrictive endorsement

ANS:A

182 The endorser makes it clear that he does not want any expense to be incurred on his account on the

instrument by writing the words is.................

(a) Sans recourse endorsement (b) Facultative endorsement

ANS:D

183 ................. is an endorsement in which only a part of the amount of the instrument is endorsed

(a) Partial endorsement (b) Semi endorsement

ANS:A

184 Endorsement is made by an authorised person on behalf of another is.............

(a) Authorised endorsement (b) Perpro endorsement

ANS:B

185 Cheque contains a previous date is................

(a) Stale cheque (b) Ante dated cheque

ANS:B

186 NABARD was set up on

(a) 1962 (b) 1952

ANS:C

187 SCBs stands for.................

(a) Small credit banks (b) State co operative Bank

ANS:B

188 ............ is one of the aspects of micro finance

(a) Macro credit (b) Mobilisation of credit

ANS:C

189 ................... is the provision of credit service to poor clients

(a) Micro credit (b) Micro finance

ANS:A

190 ........................ means a farmer cultivating agricultural land of more than 1 hectare and upto 2 hectare

(a) Marginal farmer (b) Other farmer

ANS:C

191 ..................... is the apex co operative bank in a state

(a) State co operative Bank (b) District cooperative Bank

ANS:A

192 Apex bank for rural credit is

(a) RRB (b) PACS

ANS:B

193 Agricultural Debt relief scheme established in...................

(a) 2005 (b) 2006

ANS:C

194 The nationalization of 14 major commercial banks was in June 1969 and six more banks were

nationalized in April.................

(a) 1972 (b) 1980

ANS:B

195 Cash flow statement is.......................

(a) Another name for the cash book

(b) A statement showing movement of cash from the firm to the bank and back

(d) A statement showing cash balance held at the end of every business day

ANS:B

196 Credit information report contains.................

(a) A recommendation (b) Factual information on credit history

ANS:B

197 Membership of a credit information company is not mandatory for..................

(a) Private sector bank (b) An urban co operative Bank

ANS:D

198 ................. is the first credit information company set in India in the year 2000

(a) CIR (b) SIBIL

ANS:D

199 A term loan is not secured by

(a) Pledge of goods (b) Hypothecation of movable assets

ANS:B

200 Canfin Homes Ltd. Is a subsidiary of............. bank

(a) Federal Bank (b) SBI

ANS:C

MG University Previous Question Papers

Thursday 6 March 2014

B.com Modern Banking(sem-1)

B.com Modern Banking

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