Banking Services Management (BSM) MCQs

M

Mr. Dubey • 51.72K Points
Coach

Q 61. A minor can open and operate an account in his own name if he has atleast attained the age of

(A) 12 years
(B) 16 years
(C) 15 years
(D) none of the above

M

Mr. Dubey • 51.72K Points
Coach

Q 62. In case of ………….days of grace are allowed

(A) withdrawal receipt
(B) bill of exchange
(C) cheque
(D) money order

M

Mr. Dubey • 51.72K Points
Coach

Q 63. Merchant banking includes

(A) managing issue of shares
(B) opening branches in mandis or bazaars
(C) financing intermediary businessmen
(D) none of the above

M

Mr. Dubey • 51.72K Points
Coach

Q 64. When a banker collects a cheque for which he has already given cash,his position is that of a…………

(A) collecting bank
(B) dealer
(C) agent
(D) holder for value

M

Mr. Dubey • 51.72K Points
Coach

Q 65. Pay order is issued by the banks for

(A) local payments
(B) inter state payments
(C) foreign payments
(D) none of the above

M

Mr. Dubey • 51.72K Points
Coach

Q 66. A and B have jointly hired a locker under "Either or Survivor" caluse. A dies. The bank should

(A) permit b to operate the locker
(B) seal the locker and open it only in the presence of b and a is legal representative
(C) permit operation by b a
(D) legal representative of a jointly

M

Mr. Dubey • 51.72K Points
Coach

Q 67. A customer requests for issue of a bearer demand draft. The banker should

(A) strike off the word 'order' and should put the word 'bearer' on the draft
(B) request the customer to go to the head office
(C) refuse to issue the draft
(D) none of the above

M

Mr. Dubey • 51.72K Points
Coach

Q 68. …………..is always drawn on a specified banker.

(A) bill of exchange
(B) promissory note
(C) investment receipt.
(D) cheque

M

Mr. Dubey • 51.72K Points
Coach

Q 69. The drawee banker of a demand draft has received intimation of the loss of the draft from the purchaser. The banker should

(A) stop the payment
(B) exercise caution
(C) refuse to accept the notice a
(D) d. issue a duplicate draft

M

Mr. Dubey • 51.72K Points
Coach

Q 70. The recurring deposit account combine the characteristics of ……….and fixed deposit account.

(A) savings account
(B) current account
(C) loan account
(D) none of the above

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