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University

20 Qs

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Assessment

Quiz

others, Education, Business, Other

University

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Created by

Mohd Naseem

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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

Prevent adverse situations from occurring

Reduce the financial consequences of adverse situations

Negate all consequences of adverse situations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
The movement of funds by electronic means
EFT (Electric Funds Transfer)
ATM (Automated Teller Machine)
PIN (Personal Identification Number
POS (Point of Sale transaction)

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of banking system focuses on expansion through branches?

Internet Banking

Unit Banking

Branch Banking

Consumer Banking

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit can be created by

RBI

Foreign Banks

Commercial Banks

Private Banks

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Microsoft

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Apple

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