Types of Banks

Q.

Name any three special financial institutions and state their objectives.

Q.

Credit Cards are known by which another name?

Q.

Explain any two special schemes for developing industries in rural, backward and hilly areas.

Q. The person who makes payments and accepts deposits in the bank is known as a.

1. doer
2. teller
3. customer
4. seller

Q.

Private sector banks are owned, managed and controlled by the government.

1. Agree

2. Disagree

Q.

'Business is essentially a social institution and not merely a profit making activity'. Explain.

Q.

Public sector banks are those in which the government has a major stake and they usually need to emphasise on ___________ objectives than on profitability.

1. economical

2. social

3. political

4. none of the above

Q.

Which Of The Following Is Not A Public Sector Unit /Undertaking Agency?

1. Bhel

2. Sebi

3. Sidbi

4. Axis Bank

Q. is a document which instructs a bank to pay a certain sum to a third party.

1. Banker's cheque
2. Overdraft
3. Bank slip
4. Debit card

Q.

Public sector banks are those where the government has a major stake.

1. False

2. True

Q.

______________________ are run to make a profit. They cater to the financial requirements of industries and various sectors like agriculture, rural development. They are profit making institutions owned by the government or private or both.

1. Cooperative Banks

2. Central Bank

3. Commercial Banks

4. Specialised Banks

Q.

There are two types of commercial banks, _____________ and _____________ bank.

1. private sector and public sector

2. central sector and cooperative sector bank

3. rural sector and urban sector

4. none of the above

Q.

Does a trial balance include expenses?

Q. enables holders to have an overdraft facility up to a fixed limit depending upon the creditworthiness of the party.

1. Credit card
2. Debit card
3. Master card
4. VISA card

Q. The start-up scheme provides loans to entrepreneurs of ________________________.

1. the Scheduled Caste
2. the Scheduled Caste and Scheduled Tribes
3. the Scheduled Caste and Scheduled Tribes as well as women
4. the Scheduled Caste, Scheduled Tribes as well as women & men.

Q. Hindrance in the development of service sector is/ are:
(i) Inadequate infrastructure
(ii) Financial services
(iii) Lack of consular divisions
(iv) Unfair competition in the telecom sector.

1. (i), (ii), (iii) & (iv)
2. (i) only
3. (i) and (ii)
4. (i), (ii) and (iv)

Q. Write a word or phrase or term which can substitute each one of the following statements.

Financial institution which is wholly owned subsidiary of IDBI.

Q. The software company promoted by Nayayan Murthy is __________.

1. Wipro
2. Infosys
3. Satyam
4. HCL

Q. Long Answer Type Questions: Can the public sector companies compete with the private sector in terms of profits and efficiency? Give reasons for your answer.

Q. Which of the following is an example of external source __________________.

1. carbon copies of cheques
2. bank statements
3. employees time reports
4. purchase order of company purchases

Q. What does NSIC stand for?

1. National Small Industries Corporation
2. Nominal Small Industries Corporation
3. National Small Industries Centre
4. None of the above

Q. Can the public sector companies compete with private sector in terms of profit and efficiency? Give reasons for your answer.

Q. When an agent is appointed to perform a particular transaction, such an agent is known as _____.

1. Special agent
2. Universal agent
3. General agent
4. Mercantile agent

Q. Write short answer to the followings.

What are the merits of private sector?