LU 7

LU 7

Professional Development

10 Qs

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LU 7

LU 7

Assessment

Quiz

Other

Professional Development

Practice Problem

Medium

Created by

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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