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UNIVERSITY OF CALICUT

SCHOOL OF DISTANCE EDUCATION

B Com (Specialization-Banking and Insurance)

(2014 Admission Onwards)

V. Semester Core Course Banking Services Management

QUESTION BANK

1. The term bank is derived from the German word ‘Banc’ which means…….
a. Security

b. Safety

c. Money

d. Joint stock fund

2. On…………14 banks with deposit of 50 crores or more taken over by the Government
of India

a. 1st April 1947

b. 19th July 1969

c. 1st November 1954

d. 31st March 1975

3. How many banks were nationalized India in the second stretch?

a. 6

b. 9

c. 10

d. 15

4. 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

5. ………..is continues arrangement between a Commercial Bank and a business concern


for the purchase of book debt of the business concern.

a. Leasing

b. Venture capital finance

c. Factoring
d. Credit rating

6. Who regulates the money circulation in India?

a. SBI

b. RBI

c. NABARD

d. Commercial Banks

7. Reserve Bank of India was nationalized in the Year


a. 1947
b. 1948
c. 1949
d. 1950
8. 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
9. Credit rationing is a…………. method of credit control
a. Quantitative
b. Qualitative
c. Direct
d. Continues credit control
10. “Sans recourse” means….
a. I am not afraid
b. Do not touch me
c. Ask the drawer
d. Without liability to me
11. The first bank established in India was….
a. Bank of Bengal
b. Bank of Hindustan
c. Allahabad Bank
d. Punjab National Bank
12. “Customer” is defined in ………….
a. Banking Regulation Act
b. Negotiable instrument Act
c. RBI Act
d. None of these

13. Internet is the cheapest of all banking channel and helps banks to gain substantially in terms
of……. Cost
a. Auditing
b. Deposit
c. Investment
d. Transaction
14. 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
15. ………..constitute the largest source of funds for the bank
a. Cash
b. Loan
c. Deposit
d. Commission
16. Collection of cheques for the customer is a ……………… function of banks
a. Agency
b. Trustee
c. lending
d. Innovative
17. 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.

18. 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
19. A document issued by the bank to acknowledge the receipt of a fixed sum of money
deposited…. Is called
a. Collection receipt
b. Pay in slip
c. Fixed deposit receipt
d. Bond
20. The endorser will not liable to the holder on dishonor of a negotiable instrument if he
makes….
a. Sans-recourse endorsement
b. Facultative endorsement
c. Sans-frais endorsement
d. None of the above
21. 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
22. Cancellation of crossing can be done by
a. Holder of the cheque
b. payee of the cheque
c. Drawer of the cheque
d. None of the above

23. Merchant banking includes


a. Managing issues of shares
b. Opening branches in mandis or bazaars
c. Financing intermediary businessman
d. None of the above
24. Banks create money by
a. Liberal credit
b. Differential instrument
c. Accepting deposit
d. All of the above
25. ….banks are those banks which are incorporated outside India and their head offices are also
situated outside India
a. Foreign banks
b. Scheduled banks
c. Non- scheduled banks
d. Commercial banks
e. None of the above

26. Banking ombudsman has been constituted under which Act?


a. Banking regulation Act
b. RBI Act
c. SBI Act
d. COPRA
27. Who is authorized to issue coins in India?
a. RBI
b. Ministry of finance
c. SBI
d. None of these
28. NABARD is a …
a. Department of RBI
b. Wholly owned subsidiary of RBI
c. Subsidiary of RBI
d. None of the above
29. The banker advances money against immovable property only when the property is….. to the
banker
a. Mortgaged
b. Pledged
c. Hypothecated
d. None of these
30. Lead banking scheme is meant for…..
a. Widening banking service
b. Modernizing banking service
c. Channelizing credit
d. Increasing profit of Commercial Banks
Answer Key
1.D 2.B 3.A 4.A 5.C 6.B 7.C 8.A 9.B 10.D 11.B

12.D 13.D 14.D 15.C 16.A 17.B 18.C 19.C 20.A 21.A

22.C 23.A24.D 25.A 26.B 27.B 28.D 29.A 30.A

Prepared by:

Sri. MuhammedSalim.K.C, Assistant Professor, Post Graduate &


Research, Department of Commerce, Govt. College Madappally

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