Q. Certificate of Deposit cannot be issued by
✅ Correct Answer: (B)
regional rural banks
Banking Services Management (BSM) MCQs and Notes
Q. Pay order is issued by the banks for
✅ Correct Answer: (A)
local payments
Q. The period of limitation in case of deposits with bankers from the date on which
✅ Correct Answer: (C)
date of dema
Q. A right of appropriation first lies with the
✅ Correct Answer: (A)
debtor
Q. When a banker accepts the securities for safe custody, the relationship between a banker and a customer is that of
✅ Correct Answer: (B)
trustee and beneficiary
Q. Travelers cheques are issue by
✅ Correct Answer: (B)
commercial banks
Q. The title of the endorsee will not be better than of the endorser in case a cheque is crossed containing the words
✅ Correct Answer: (B)
not negotiable
Q. The banker's answer in case of dishonor of a cheque on a account of insufficiency of funds is generally
✅ Correct Answer: (A)
refer to drawer (rd)
Q. The relationship between a banker and its customer is basically that of
✅ Correct Answer: (A)
a debtor and a creditor
Q. Introduction of rating methodology for banks was introduced by RBI on the lines of-
✅ Correct Answer: (A)
camel