Banking

Rectangle 5 1

Direction

From the following questions choose the appropriate answer.

Q. What is the primary function of a bank?
A) To disburse loans
B) To issue credit cards
C) To collect deposits
Description not available. Let’s discuss.
D) To provide risk coverage
Discuss
Q. Which of the following is not a type of bank account?
A) Credit card account
Description not available. Let’s discuss
B) Demand deposit account
C) Scheme deposit account
D) Term deposit account
Discuss
Q. What is the full form of KYC?
A) Know Your Career
B) Know Your Customer
Description not available. Let’s discuss.
C) Know Your Company
D) Know Your Credibility
Discuss
Q. What is the full form of ATM?
A) Alternative Transaction Machine
B) Automated Teller Module
C) Automatic Teller Machine
D) Automated Teller Machine
Description not available. Let’s discuss.
Discuss
Q. Which of the following is not a function of Central Bank?
A) Issuing currency notes and coins
B) Regulating the stock market
Description not available. Let’s discuss.
C) Regulating interest rates on loans and deposits
D) Regulating foreign exchange rates
Discuss
Q. Which of the following is not a type of cheque?
[/question]
A) Bearer Cheque
B) Order Cheque
C) Void Cheque
Description not available. Let’s discuss.
D) Crossed Cheque
Discuss
Q. Which of the following is not a type of loan provided by banks?
A) Retail Loan
B) Credit Card Loan
Description not available. Let’s discuss.
C) SME Loan
D) House Building Loan
Discuss