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QUESTION BANK
1. The term bank is derived from the German word ‘Banc’ which means…….
a. Security
b. Safety
c. Money
2. On…………14 banks with deposit of 50 crores or more taken over by the Government
of India
a. 6
b. 9
c. 10
d. 15
4. Schedule banks are those banks which are included in the ………….
a. Leasing
c. Factoring
d. Credit rating
a. SBI
b. RBI
c. NABARD
d. Commercial Banks
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.
12.D 13.D 14.D 15.C 16.A 17.B 18.C 19.C 20.A 21.A
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