Iibm - Principles & Practices of Banking

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Principles & Practices of Banking

Multiple Choices:

1. Frequency of First Tranche Returns is:

a. Weekly

b. Monthly

c. Monthly/quarterly

d. Monthly/quarterly/half-yearly

2. An order for winding up a banking company can be issued by___________

a. The High Court

b. The RBI

c. The Central Government

d. The Supreme court

3. Who shall be natural guardian in case of married minor girl?

a. Father

b. Brother in law

c. Father-in-law

d. Husband

4. X a partner in the firm XYZ Co. wants to open a Bank account in the firm‟s name. It will require signatures of:

a. All partners

b. Any one of the partner

c. Managing partner only

d. Sleeping partner not required

5. Public limited companies should have minimum shareholders, before Opening Bank account.

a. 11

b. 7

c. 5

d. 15

6. If the beneficiary is government then the Expiry of guarantee is governed by the „law of limitation‟ ranging from 3 years to

a. 15 years

b. 30 years

c. 20 years

d. 10 years

7. Charge created on LIC Policy is

a. Lien

b. Hypothecation

c. Pledge

d. Assignment

8. The device that combines the parallel input data into single serial output data is known as

a. Switcher

b. Multiplexer

c. Encoder

d. Front end processor

9. In market skimming pricing strategy:

a. Initially price is lower and then it is increased

b. Initial price is high and is maintained high

c. Initial price is low and is maintained low

d. Initially price is higher and then it is reduced

10. The marketing personnel need information _________intervals.

a. At yearly

b. At quarterly

c. At monthly

d. On a continuous basis and regular

Part Two:

1. Discuss the role of RBI in Indian Banking sector.

2....