Q. Banking ombudsman has been constituted under which act?
✅ Correct Answer: (B)
rbi act
Banking Services Management (BSM) MCQs and Notes
Q. The rate of which discounting the bills of first class banks is done by RBI is called
✅ Correct Answer: (A)
bank rate
Q. Which is the current revision & year of UCPDC?
✅ Correct Answer: (A)
ucpdc 500, 1993
Q. Which of the following NBFC converted itself into a commercial Bank?
✅ Correct Answer: (D)
kotak mahindra
Q. The Apex Co-operative Bank is known as
✅ Correct Answer: (B)
state co-operative bank
Q. Banks create money by
✅ Correct Answer: (D)
all or some of the above.
Q. .The interest and principle amount of a loan not repaid by a customer in a bank ,the bank consider such loan as……..
✅ Correct Answer: (C)
npa
Q. A joint account can be opened by the banker on receipt of application signed by
✅ Correct Answer: (B)
all joint account holders
Q. .The person appointed to operate the account after his death by the deceased himself before his I death is called
✅ Correct Answer: (B)
administrator