Business Studies Second Examination 2021/2022 Academic Session

Which of the following is not among banking services?

• Granting of loans 

• Issuing raveller’s Cheque   

• Banker’ draft

• Keeping valuables

Which of the following is not an ethical issue in the banking sector?

• Confidentiality

• Integrity 

• Non-transparency

• Transparency

Which of the following is the correct full form of ATM?

• Automatic Take Machine

• Any Time Machine

• Automated Teller Machine

• None of these

The person or firm who gets compensation is called:

• Insurer

• Insured

• Premium

• Happening of an event

In which of the following account highest rate of interest is given :

• Saving account

• Current account

• Recurring account

• Fixed deposit account

Which of the following services of bank permits withdrawal of money more than the balance in the account?

• Bank draft

• Overdraft

• Banker's cheque

• Fixed deposit

A country wide system through which person can electronically transfer from one bank branch to another person having an account with the other bank branch in the country is known as

• Pay order

• RTGS

• Bank draft

• NEFT

A contract by which the insurer, in consideration of a certain amount known as premium, undertakes to pay to a person or his heirs a certain amount of money on his death or on attaining a certain age is known as

• General insurance

• Life insurance

• Special insurance

• Burglary insurance

Name the central bank of our country

• CBN

• SBI

• FBI

• IDBI

Which institute is called a debtor as well as a creditor?

• LIC

• GIC

• Bank

• Post office