IIBF Exam 6-10

The bank is an

institution which has to accept

deposits from and lend money

to _____.

• All members of society or public

• Middle class of society

• Rich class of society

• Poor class of society

The major source of

banking profit is the ______

• Commission earned on insurance

  products

• Interest income from loans and

  advances

• Fee charged for remittance services

• Commission earned on sale of

  mutual funds

Which of the following is

an important feature of a Saving

Bank Deposits account in Banks?

• Convenience of depositing

• Ease to withdraw in times of need

• Nomination facility

• All of the above

Which of the following

services is not among the

miscellaneous services provided

by the banks?

• Escrow services

• Safe custody services

• Trusteeship and executor services

• Real estate agency services

A fixed deposit

is classified as _______

• Demand deposit

• Loan product

• Term deposit

• None of the above