Worksheetsuntitled
Total questions: 20
Worksheet time: 12mins
Insurance helps to............
Prevent adverse situations from occurring
Reduce the financial consequences of adverse situations
Negate all consequences of adverse situations
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
Which of the following best describes a LOAN?
Money borrowed that can be paid back if one feels like it.
Money borrowed
Money borrowed with the expectation of paying it back in a timely manner.
Money gifted to someone with no expectation of payback.
Apex bank in India is (a)
Which banks do not accept deposits?
Commercial banks
Investment banks
Retail banks
None of the above
Retail banking means
Wholesale banking
Banking for individuals
Banking for corporates
Retail Outlets
The imperial bank of India, after its nationalisation came to be known as?
(a)
Which is the first bank to introduce ATM in India?
(a)
At which city is the Head office of Reserve bank of India located?
(a)
Which is not the role of banks in economic development
Agriculture
Industries
Fisheries
services
The Imperial Bank of India is the combination of
i) Bank of Bengal
ii) Bank of Bombay
iii) Bank of Madras
i & iii
i,ii,& iii
ii & iii
None of these
The word 'BANCO' comes from ?
French
Spanish
Italian
Chinese
