Recap

Which among the following was a problem related to government interference?

• Class banking

• Erosion of networth

• Regulated lending

• Poor customer service

What is the immediate problem that occurs when the banks run out of money to pay back their depositors?

• Liquidity strain

• Erosion of networth

• Poor rating

• Poor profitability

In today's terms regulated/directed lending is known as

Which of the following was not a problem connected to customer service?

• Negligible international trade

• Class banking

• Inefficient man-power

• Poor expertise

________ was a measure taken by the government to ensure widespread banking services.

• Nationalization of banks

• Economic reforms

• Increasing size of banks

• Licensing private banks

Which of the following is a modern feature of a traditional FD?

• Automated FD from savings account

• Periodical interest payouts before maturity of the deposit

• Higher interest rates than mutual funds

• Higher interest rates for senior citizen FDs

Which of the following is a modern feature of a traditional savings account?

• Customized according to socio-demographic characteristics of the customer

• Lower interest rates than other deposit accounts

• Requirement of MAB and QAB instead of minimum balance in the account

• Interest calculated on daily balance in the account

Which of the following is not used for merchant payments for lower amounts currently?

• Cheques

• IMPS transfers

• UPI payments

• POS transactions

NBFCs cannot

• Accept deposits

• Give loans

• Provide cheque transfers from savings account

Which of the following is the system used now for efficient clearing of cheque transfers between banks?

• Cheque truncation system (CTS)

• Magnetic Ink Character Recognition (MICR) clearing