Banking Test
| Description: This test could be taken by allthe students of XII standard and above studying commerce and banking. | |
| Number of Questions: 25 | |
| Created by: Shaka Gupte | |
| Tags: Commerce Banking Money and Banking |
Regional Rural Banks are wholly owned by the sponsor bank.
Shares issued at a discount to employees or directors for considerations other than cash is known as Sweat Equity.
Cash in hand is also a component of SLR.
It is not possible to get printed statements of accounts in ATMs.
Bonds issued at a discount and repaid at face value are called Zero Coupon Bonds.
Cash budget method can be used by the banks in providing working capital needs of seasonal industries, software development, services sector activities and film production.
Business Process Re-engineering is not applicable to banks, as these have well defined systems and procedures.
Equity shareholders get a preference in case of liquidation of a company.
In simple mortgage, registration is compulsory.
Right to Information Act 2005 is applicable to banking sector.
Equitable mortgage is created by deposit of title deeds and registration with the registrar of assurances.
Letter of credit is issued by the seller's / exporter' s bank.
Minors can sign a loan document.
Banks provide consultancy services in the area of agricultural finance, industrial finance, income tax matters and the like.
It is the duty of the borrowing company to register the charge with the registrar of companies through the normal course, the banker may do the same.
Banks have achieved tremendous progress in the matter of branch expansion after the nationalization of the banking system in India.
Photograph of the introducer is necessary to open an account.
A small scale industry where 51% of the share capital is held by women can be called Women Entrepreneurs Enterprise.
Another name of the World Bank is IBRD.
A scheduled bank is one that finds a place in the second schedule of the RBI Act, 1934.
Remittance of funds is an agency function of commercial banks.
Commercial banks do not help in capital formation as they just divert people savings into lending activities.
Annual Policy and Credit Policy of RBI are same.
Minors can deposit the amount in their own fixed deposit account.
The initial amount of deposit for opening an account is the same in all the banks.