Q. A Public Limited Company should have minimum membership of -
✅ Correct Answer: (C)
7
Banking Services Management (BSM) MCQs and Notes
Q. Prospectus is issued by a Private Limited Company when it issues
✅ Correct Answer: (D)
shares
Q. "Customer" is defined in -
✅ Correct Answer: (D)
nowhere it is defined
Q. Margin money scheme of KVIC is applicable to the project of individuals and entrepreneurs ______________ .
✅ Correct Answer: (A)
where the total project cost does not exceed rs. 10 lakh
Q. The minimum percentage of Priority Sector advances to be maintained by foreign banks in India is .
✅ Correct Answer: (C)
32%
Q. Command Area Development Programme relates to __________
✅ Correct Answer: (D)
irrigation development
Q. Usance bills or promissory notes drawn out of India are required to be stamped by
✅ Correct Answer: (A)
first holder in india
Q. Loan documents executed out of India must be presented for registration within……….of its arrival in India.
✅ Correct Answer: (B)
four months
Q. Quasi Negotiable Instrument is accepted like Negotiable Instrument because of
✅ Correct Answer: (B)
the customs and practice
Q. Which type of securities are held by Reserve Bank of India before issuance of currency notes ?
✅ Correct Answer: (D)
all of these