Q. A document issued by the bank to acknowledge the receipt of a fixed sum of money deposited…. Is called
✅ Correct Answer: (C)
Fixed deposit receipt
Banking Services Management (BSM) MCQs and Notes
Q. A mandate may continue to be operative even in the case of……………….
✅ Correct Answer: (C)
Insolvency of the agent
Q. After a customer closed his account…..
✅ Correct Answer: (B)
The banker still liable to keep secrecy
Q. Collection of cheques for the customer is a ……………… function of banks
✅ Correct Answer: (A)
Agency
Q. ………..constitute the largest source of funds for the bank
✅ Correct Answer: (C)
Deposit
Q. The RBI was originally constituted as a shareholder bank with a share capital of ….
✅ Correct Answer: (D)
5 crore
Q. Internet is the cheapest of all banking channel and helps banks to gain substantially in terms of……. Cost
✅ Correct Answer: (D)
Transaction
Q. “Customer” is defined in ………….
✅ Correct Answer: (D)
None of these
Q. The first bank established in India was….
✅ Correct Answer: (B)
Bank of Hindustan
Q. “Sans recourse” means….
✅ Correct Answer: (D)
Without liability to me