Important Paper Commerce

Q1. "BCSBI" stands for:

1. Banking Codes and Standards Boards of India
2. Board Code for Standards in Branches
3. Board Code for Standards in Banking
4. None of the above

Q2. Across the face of a cheque bears the words 'People Bank'. What is its significance:

1. It is an extraneous matter appearing on the cheque. Hence should be returned
2. The cheque is specially crossed in favour of Peoples Bank
3. It is not a crossing as it does not contain two parallel lines
4. None of the above

Q3. As per RBI directives which of the following areas/functions cannot be outsourced by the Banks:

1. Opening and closing of accounts
2. Cash collection from the parties
3. Recovery of bad loans
4. Credit and debit cards

Q4. Asset Reconstruction Company is associated with:

1. DICGC
2. ECGC
3. NPA
4. SEBI

Q5. At what stage of opening of bank account is the checking of Politically Exposed Persons (PEP) carried out:

1. At the first point of customers interaction
2. At the Account Services Level
3. At the Central Account Services Level
4. One month after the account is opened

Q6. Balance of Trade of a country is equivalent to:

1. Difference between the Inward and Outward remittances made in foreign exchange
2. Surplus generated shown in a Trading Account
3. Difference between exports and imports
4. None of the above

Q7. Banking services offered to units set up in Special Economic Zones (SEZs) have been exempted from paying..........tax:

1. Capital Gains Tax
2. Income Tax
3. Service Tax
4. None of these

Q8. Banks should not grant new loans for purpose of minor irrigation in:

1. While Block
2. Grey Block
3. Dark Block
4. All of these

Q9. Branches receive Potential Linked Plan through:

1. Block Level Banker's Committee
2. State Level Banker's Committee
3. District Consulate Committee
4. Lead Bank Department

Q10. By devaluation we mean:

1. A fall in the domestic value of a currency
2. A fall in the external value of a currency caused by the marker forces
3. A fall in the external value of a currency caused by Government action
4. None of the above