
LU 7
Quiz
•
Other
•
Professional Development
•
Practice Problem
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Medium
Urmila M S
Used 13+ times
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10 questions
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1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following constitute demand deposits?
Current account
Recurring deposit
Fixed deposit
Savings deposit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a benefit of current account offered to customers?
Facilitates high value transactions
Overdraft facility
Value added services
Interest income
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the false statement
Proprietorship accounts can have nominees
Partnership accounts cannot have nominees
One person company can have nominee
Public sector company can have nominee
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Identify the wrong combinations with respect to entity proofs for the following businesses.
PAN card - proprietorship
AOA - Partnership
MOA - Public Ltd Company
Certificate of incorporation - Public limited company
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The minimum AQB required to be maintained in a General current account at metro branches is
7500
2500
10000
5000
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
How does cash management services reduce the borrowing cost in the corporates?
Increasing liquidity
Faster clearing of funds
Giving loans at reduced rate of interest
Specialized services for the corporate
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which option is most likely to be used when the clients of the corporates are account holders in Bank of India?
Direct debit transactions
NACH transactions
ECS
Cheque collection
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