Important Paper Commerce
1. "BCSBI" stands for:
A. Banking Codes and Standards Boards of India
B. Board Code for Standards in Branches
C. Board Code for Standards in Banking
D. None of the above
Answer : A
2. Across the face of a cheque bears the words 'People Bank'. What is its significance:
A. It is an extraneous matter appearing on the cheque. Hence should be returned
B. The cheque is specially crossed in favour of Peoples Bank
C. It is not a crossing as it does not contain two parallel lines
D. None of the above
Answer : B
3. As per RBI directives which of the following areas/functions cannot be outsourced by the Banks:
A. Opening and closing of accounts
B. Cash collection from the parties
C. Recovery of bad loans
D. Credit and debit cards
Answer : A
4. Asset Reconstruction Company is associated with:
A. DICGC
B. ECGC
C. NPA
D. SEBI
Answer : C
5. At what stage of opening of bank account is the checking of Politically Exposed Persons (PEP) carried out:
A. At the first point of customers interaction
B. At the Account Services Level
C. At the Central Account Services Level
D. One month after the account is opened
Answer : A
6. Balance of Trade of a country is equivalent to:
A. Difference between the Inward and Outward remittances made in foreign exchange
B. Surplus generated shown in a Trading Account
C. Difference between exports and imports
D. None of the above
Answer : C
7. Banking services offered to units set up in Special Economic Zones (SEZs) have been exempted from paying..........tax:
A. Capital Gains Tax
B. Income Tax
C. Service Tax
D. None of these
Answer : A
8. Banks should not grant new loans for purpose of minor irrigation in:
A. While Block
B. Grey Block
C. Dark Block
D. All of these
Answer : C
9. Branches receive Potential Linked Plan through:
A. Block Level Banker's Committee
B. State Level Banker's Committee
C. District Consulate Committee
D. Lead Bank Department
Answer : A
10. By devaluation we mean:
A. A fall in the domestic value of a currency
B. A fall in the external value of a currency caused by the marker forces
C. A fall in the external value of a currency caused by Government action
D. None of the above
Answer : C
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