Function of Commercial Banks Gate & PSU MCQ Questions With Answers... Quiz

5.

What is trust ? Choose the best answer.

A legal arrangement wherein the (trustor) gives an authority to control the property to a person or an institution (trustee) for the benefit of the beneficiaries.

Firm belief in the reliability, truth, ability, or strength of someone or something.

None of the above

all of the above

1.

Is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount.

2.

Refer to deposits that are for certain period of time.

3.

The banks collect checks and bills of exchange on the behalf of their customers

4.

Commercial banks collect dividends, pension, salaries, rents, and interests on investments on behalf of their customers.

5.

What is trust ? Choose the best answer.

6.

A form of financing that allows the current account holders to overdraw the account up to a specified limit.

7.

Commercial banks provide locker facilities to its customers for safe keeping of?

8.

Refers to a type of commercial banks that are nationalized by the government of a country.

9.

Choose an answer does not belong to the group

10.

Refers to kind of deposits that can be easily withdrawn by individuals without any prior notice to the bank.

11.

A person to whom the cheque is handed over in exchange for goods and services.

12.

It is under the Secondary Functions:

13.

A type of institution that offers basic financial products.

14.

The primary function of a bank. It is the lifeline of the bank.

15.

The person who buys the cheque.

16.

Refers to commercial banks that are headquartered in a foreign country, but operate branches in different countries.

17.

An amount of money offered by a bank to a borrower at a defined interest rate for a fixed period.

18.

Choose the Public sector bank

19.

An organization that produces the traveler’s cheque.

20.

Funds are transferred by means of?

21.

This kind of letter allows a customer to make any number of draws within a certain limit during a specific time period.

22.

These are deposits whose main objective is to save.

23.

The Bank or any other party that sells the cheque.

Time

1. Is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount.

2. Refer to deposits that are for certain period of time.

3. The banks collect checks and bills of exchange on the behalf of their customers

4. Commercial banks collect dividends, pension, salaries, rents, and interests on investments on behalf of their customers.

5. What is trust ? Choose the best answer.

6. A form of financing that allows the current account holders to overdraw the account up to a specified limit.

7. Commercial banks provide locker facilities to its customers for safe keeping of?

8. Refers to a type of commercial banks that are nationalized by the government of a country.

9. Choose an answer does not belong to the group

10. Refers to kind of deposits that can be easily withdrawn by individuals without any prior notice to the bank.

11. A person to whom the cheque is handed over in exchange for goods and services.

12. It is under the Secondary Functions:

13. A type of institution that offers basic financial products.

14. The primary function of a bank. It is the lifeline of the bank.

15. The person who buys the cheque.

16. Refers to commercial banks that are headquartered in a foreign country, but operate branches in different countries.

17. An amount of money offered by a bank to a borrower at a defined interest rate for a fixed period.

18. Choose the Public sector bank

19. An organization that produces the traveler’s cheque.

20. Funds are transferred by means of?

21. This kind of letter allows a customer to make any number of draws within a certain limit during a specific time period.

22. These are deposits whose main objective is to save.

23. The Bank or any other party that sells the cheque.

Time

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1.

Is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount.

2.

Refer to deposits that are for certain period of time.

3.

The banks collect checks and bills of exchange on the behalf of their customers

4.

Commercial banks collect dividends, pension, salaries, rents, and interests on investments on behalf of their customers.

5.

What is trust ? Choose the best answer.

6.

A form of financing that allows the current account holders to overdraw the account up to a specified limit.

7.

Commercial banks provide locker facilities to its customers for safe keeping of?

8.

Refers to a type of commercial banks that are nationalized by the government of a country.

9.

Choose an answer does not belong to the group

10.

Refers to kind of deposits that can be easily withdrawn by individuals without any prior notice to the bank.

11.

A person to whom the cheque is handed over in exchange for goods and services.

12.

It is under the Secondary Functions:

13.

A type of institution that offers basic financial products.

14.

The primary function of a bank. It is the lifeline of the bank.

15.

The person who buys the cheque.

16.

Refers to commercial banks that are headquartered in a foreign country, but operate branches in different countries.

17.

An amount of money offered by a bank to a borrower at a defined interest rate for a fixed period.

18.

Choose the Public sector bank

19.

An organization that produces the traveler’s cheque.

20.

Funds are transferred by means of?

21.

This kind of letter allows a customer to make any number of draws within a certain limit during a specific time period.

22.

These are deposits whose main objective is to save.

23.

The Bank or any other party that sells the cheque.