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Insurance helps to............

• Prevent adverse situations from occurring

• Reduce the financial consequences of adverse situations

• Negate all consequences of adverse situations

The movement of funds by electronic means

• EFT (Electric Funds Transfer)
• ATM (Automated Teller Machine)
• PIN (Personal Identification Number
• POS (Point of Sale transaction)

A person is said to have insurable interest if he suffers................

• a stroke if any damage occurs to his relationship

• no financial loss at all

• a financial loss when the property is damaged

A cheque becomes invalid after 6 months - true or false?

• True

• False

The drawee is the bank upon whom the cheque is drawn (who issued the cheque book)

• True

• False

Which type of banking system focuses on expansion through branches?

• Internet Banking

• Unit Banking

• Branch Banking

• Consumer Banking

Credit can be created by

• RBI

• Foreign Banks

• Commercial Banks

• Private Banks

Bank rate is decided by which of the following?

• Reserve Bank of India

• Government of India

• State bank of India

• SEBI

Which of the following is not a regulatory institution in the Indian Financial System?

• RBI

• SEBI

• CIBIL

• IRDA

• Credit card

• signature

• ATM