Banking Service

Q.

What is meaning of Banking?

Q.

State True or False. Crossed cheque provides a level of security to the payer than a bearer cheque.

1. False

2. True

Q.

The Service Which Helps in Removing Hindrance of Exchange Is:

Q.

___cheque is a cheque which is payable to any person who presents it for payment at the bank counter.

1. Demand Draft

2. None of the above

3. Bearer cheque

4. Crossed cheque

Q.

Define e-Banking. Explain the various types of Bank Accounts.

Q.

What are the two types of cheque?

1. 1. Bearer cheque 2. Crossed cheque

2. 1. Bearer cheque 2. Plain cheque

3. 1. Burden cheque 2. Crossed cheque

4. None of the above

Q.

A ___________ is the most developed credit instrument of the bank, for the withdrawal of deposits.

1. demand draft

2. none of the above

3. cheque

4. funds

Q.

Name the kind of service that the banks provide which include locker facilities, a collection of dividends, buying and selling of shares, bill of payments.

1. banking services

2. allied services

3. Remittance of funds

4. None of the above

Q.

Is a Bill of Exchange a Loan?

Q.

Banks lend money by charging a certain amount of fee. The additional charge is known as ______________.

1. loss

2. interest

3. proft

4. dividends

Q.

State True or False. A crossed cheque can be crossed over the entire cheque or on the top right corner of it.

1. True

2. False

Q.

Identify the source of finance which does not dilute the control, coupon rate is fixed, and it increases the returns to equity. Also, explain any two demerits of the source identified in the above line.

Q.

What steps are required for raising funds from the public ?

Q.

State True or False. If the bearer cheque gets stolen, even an outsider can take advantage of the situation and steal the person's money.

1. True

2. False

Q.

What is the information a bank looks into, when receiving a cheque?

1. 1. verifies the information of the customer account 2. cheque number 3. mobile number

2. 1. verifies the information of the customer account 2. cheque number 3. telephone number

3. 1. verifies the information of the customer account 2. cheque number 3. customer's bank balance

4. 1. verifies the information of the customer account 2. cheque number 3. another account number

Q. Banks lend money by charging a certain amount of fee. The additional charge is known as.

1. interest
2. dividends
3. profit
4. loss

Q.

Mr. Pavan has two accounts one in Delhi and the other in Mumbai. The accounts are linked with the same bank. He wants to transfer funds from one branch to another. How is it possible?

1. demand draft

2. account number

3. none of the above

4. cash

Q. What is the meaning of​Embezzle ?