Q. Devaluation of currency stands for
✅ Correct Answer: (A)
reducing the value of internal currency in terms of foreign currency
Banking Services Management (BSM) MCQs and Notes
Q. The three banks recently have entered in a Mega ATM sharing pact. They are
✅ Correct Answer: (B)
sbi, icici, hd
Q. A new category of scheduled banks came into existence in 1975 as RRBs under the ………
✅ Correct Answer: (A)
regional rural banks ordinance,1975.
Q. If market quotes USD/INR as 43.61/63 ,at what rate can you buy USD at the given quote.
✅ Correct Answer: (C)
43.63
Q. Which of the following definition is most correct. UCPDC 500 is
✅ Correct Answer: (C)
set of rules fram
Q. As per Basel-I ………..capital can absorb losses without a bank being required to cease trading.
✅ Correct Answer: (A)
tier-i
Q. Indian Companies have been allowed to invest upto US$ ---abroad
✅ Correct Answer: (A)
10 million
Q. Head quarter of ADB is situated at
✅ Correct Answer: (C)
manila
Q. What action is taken if one of the customers tenders forged note?
✅ Correct Answer: (C)
note is impound
Q. The currency Euro has been introduced w.e.f.
✅ Correct Answer: (A)
01.01.99