Q. The term Allonge refers to
✅ Correct Answer: (D)
to mortgage deed for the purpose of witness
Banking Services Management (BSM) MCQs and Notes
Q. NABARD refinance for financing Self Help Groups is to the extent of
✅ Correct Answer: (D)
100%
Q. Consortium Advances refer to
✅ Correct Answer: (C)
joint financing by more than one bank
Q. Exchange risk in case of foreign currency Non Resident (Banks)scheme (FCNB) is borne by
✅ Correct Answer: (D)
concerned bank
Q. For which of the following currencies is the Indian rupee quotedagainst 100 units of the foreign currency
✅ Correct Answer: (C)
japanese yen
Q. E E F C denotes
✅ Correct Answer: (A)
exchange earners foreign currency account
Q. Arbitrage is
✅ Correct Answer: (A)
buying and selling in two markets simultaneously
Q. Indian Banks Association (IBA) has a common net working system forsharing the ATM facilities in Mumbai, which is known as
✅ Correct Answer: (B)
shared payment network system
Q. A unit of the Unit Trust of India is a
✅ Correct Answer: (D)
instrument
Q. The major objective of ……..was to ensure financial safety, soundness, and solvency of banks
✅ Correct Answer: (A)
prudential norms