Description : Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.
Last Answer : D. repayable on demand or after an agreed period as per bank s choice. Explanation: A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a ... every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.
Description : Which type of deposit gives highest rate of interest? (a) Current deposit (b) Fixed deposit © Recurring deposit. (d) None of these.
Last Answer : (b) Fixed deposit
Description : Marketing in Banks is required for ? 1. Getting new customers 2. Retaining existing customers 3. Lending 4. D) Accepting of deposits 5. All of these
Last Answer : All of these
Description : Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above
Last Answer : A. Current Account Explanation: Banks cannot accept interest free deposits other than in current account.
Description : Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers
Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.
Description : i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.
Last Answer : Correct the underlined word and rewrite the following sentence: i. Accepting deposits is the ... /account holder can overdraw from his account.
Description : Explain the following concept: Recurring Deposits
Last Answer : Explain the following concept: Recurring Deposits
Description : A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above
Last Answer : C. A loan asset on which interest and/or instalments remain unchanged. Explanation: A nonperforming asset (NPA) refers to a classification for loans on the books of financial institutions that are in ... is classified as nonperforming when loan payments have not been made for a period of 90 days.
Description : The amount of maturity inclusive of interest if becomes Rs 20000/- or above shall be paid by a) Cash only b) By crossed cheque c) By Credit into saving accounts d) Either B or C
Last Answer : d) Either B or C
Description : Is there a website that tracks interest rates paid on online savings accounts offered by various banks?
Last Answer : Yes, Bankrate.com tracks interest rates on savings accounts offered by many different banks. The website also offers convenient searching features to help you find an appropriate financial product or account.
Description : __________ is a transfer of property to its real owner, once the loan or mortgage is paid off. A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation
Last Answer : A. Reconveyance Explanation: The transfer of real property that takes place when a mortgage is fully paid off and the land is returned to the owner free from the former debt.
Description : Which of the following is least likely to be directly involved in actually making sales ? 1. order taker 2. current-customer salesperson 3. order getter 4. fixed order taker 5. support personnel
Last Answer : support personnel
Description : Which among the following is the main advantage of depth interviews ? 1. Accurate information 2. Hidden information 3. Time saving 4. High cost 5. None of these
Last Answer : Hidden information
Description : In Bank‟s balance sheet, which of the following is an asset? A. Its paid up capital B. Its saved deposits C. Its instrument in government securities D. Its accumulated Reserve Funds E. Its Current Deposits
Last Answer : C. Its instrument in government securities Explanation: Bank assets comprises cash, money at short notice, bills and securities discounted, bank‘s investments in government securities, loans sanctioned by the bank.
Description : Distinguish between the following: Fixed Deposit Account and Recurring Deposit Account.
Last Answer : Distinguish between the following: Fixed Deposit Account and Recurring Deposit Account.
Description : i. Saving Deposit, Recurring Deposit, Cash Credit. Fixed Deposit ii. Overdraft, Fixed Deposit, Discounting of Bills, Cash Credit
Last Answer : Find the odd one: i. Saving Deposit, Recurring Deposit, Cash Credit. Fixed Deposit ii. Overdraft, Fixed Deposit, Discounting of Bills, Cash Credit
Description : What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above
Last Answer : D. Both A and B Explanation: One can have Term/Fixed Deposit, Recurring Deposit etc., accounts in the bank where one holds ‗Basic Savings Bank Deposit Account.
Description : Which of the following iis not a benefit of content marketing? A. Increased sale B. Better customers who have more loyalty C. less engagement D. Cost saving
Last Answer : C. less engagement
Description : Government securities are considered liquid because they are - (1) backed by the Government treasury (2) convertible into other types of saving deposits (3) quickly and easily marketable (4) stable in value
Last Answer : (3) quickly and easily marketable Explanation: Liquid Asset is an asset that can be converted into cash quickly and with minimal impact to the price received. In a liquid market, ... free highly liquid financial instruments, which market participants are more willing to transact and take positions.
Description : Government securities are considered liquid because they are (1) backed by the Government treasury (2) convertible into other types of saving deposits (3) quickly and easily marketable (4) stable in value
Last Answer : quickly and easily marketable
Description : What is the generally accepted difference between seo and sem? A. No Difference, Theyre Synonymous B.SEO Refers To Organic/natural Listings While SEM Covers PPC, Or Paid Search C.SEO ... . D.SEO Focuses On Organic/natural Search Rankings, SEM Encompasses All Aspects Of Search Marketing
Last Answer : D.SEO Focuses On Organic/natural Search Rankings, SEM Encompasses All Aspects Of Search Marketing
Description : What is the generally accepted difference between SEO and SEM? SEO focuses on organic/natural search rankings, SEM encompasses all aspects of search marketing No difference, they are synonymous SEO refers ... PPC, or paid search SEO tends to be a West coast term, SEM is more East coas
Last Answer : SEO focuses on organic/natural search rankings, SEM encompasses all aspects of search marketing
Description : Why banks having less focus on customer although they use direct marketing ? 1. Due to lack of appreciation of need for marketing in banking 2. Banks do not need customers much 3. Direct marketing never gives importance to customers 4. Banks need money than customers 5. None of these
Last Answer : Due to lack of appreciation of need for marketing in banking
Description : To survive in the growing competition banks need to implement ______________ 1. Free schemes 2. Service orientation 3. Marketing Orientation 4. Core banking 5. None of these
Last Answer : Marketing Orientation
Description : What has been the effect on banks by the increased role of capital markets in mobilizing funds ? 1. It increased the importance of banks 2. it decreased the importance of banks 3. it did not affect the importance of banks 4. it provided an opportunity for banks to earn more 5. none of them
Last Answer : it decreased the importance of banks
Description : Marketing is complex in Banks compared to other commercial concerns. Which among the following justifies this statement ? 1. Bank marketing is a service Marketing 2. The focus of the bank marketing ... . The Bank marketing is doubly oriented 4. Banking products are intangible 5. None of these
Last Answer : The Bank marketing is doubly oriented
Description : A lead means 1. a prospect who is more likely to avail of the Bank's product 2. a political leader 3. a religious leader 4. a bank chairman 5. none of these
Last Answer : a prospect who is more likely to avail of the Bank's produc
Description : A prospect means 1. any customer who walks into the bank 2. an employee of the bank 3. a customer who is likely to be interested in bank's product or service 4. a depositor of the bank 5. a borrower of the bank
Last Answer : a customer who is likely to be interested in bank's product or service
Description : Bank assurance means ? 1. Assurance given by banks to loaners 2. Assurance to bank with one bank 3. Assurance to repay loans 4. Assurance to give good service 5. Selling insurance product through bank
Last Answer : Selling insurance product through bank
Description : What is the current rate of interest on saving accounts? a) 3.5% b) 4% c) 8% d) 8.2 %
Last Answer : b) 4%
Description : Which of the following Banks in India is known to be the first Indian bank to adopt the concept of market segmentation ? 1. Punjab National Bank 2. State Bank of India 3. ICICI Bank 4. Bank of Barod 5. Canara Bank
Last Answer : State Bank of India
Description : i. Joint Stock Company opens Current Account. ii. Generally, no interest is paid by the bank on the Current Account.
Last Answer : State whether the following statements are True or False: i. Joint Stock Company opens Current Account. ... . x. Banks grant long-term loans only.
Description : “Deposits with the banks are beneficial to the depositers as well as to the nation” -SST 10th
Last Answer : Deposits with the banks are beneficial to the depositors as well as to the nation. Benefits to the Depositors: 1.Banks accepts the deposits and pay interest to the depositor. 2.People's money is safe ... those who are in need of these funds. Thus it helps in the economic development of the nation.
Description : Deposits with the banks are beneficial to the depositors as well as to the nation'. Examine the statement. -SST 10th
Last Answer : 1. Banks accept money in the form of deposits from people who have surplus cash. These deposits are used by the banks in giving loans to people for various purposes. 2. The bank ... standards of living and towards the overall economic development of the country's economy in a positive direction.
Description : How do the deposits with banks become their source of income ? -SST 10th
Last Answer : Banks use a major portion of the deposits to extend loans to people for various economic activities. The interest rates on loans are much higher than what the bank charges on the deposits it has. ... from the borrowers and what is paid to the depositors is the source of income of the banks.
Description : How are deposits with the banks beneficial for an individual as well as for the nation ? Explain with examples. -SST 10th
Last Answer : Deposits with banks are beneficial for both individual and nation: 1. People can deposit money with banks after opening a bank account. This ensures the safety of the money and they also earn an ... Person A can also avail loan at an interest rate lesser than what is in the informal sector.
Description : What do banks do with the deposits they accept from customers ? -SST 10th
Last Answer : Banks use most of the deposits to extend loans to people.
Description : What do the banks do with the 'Public Deposits'? -SST 10th
Last Answer : Banks accept deposits from the Public and use the major portion of these deposits to extend loans. There is a huge demand for loans for various economic activities. Banks make use of these deposits ... (the borrowers). Banks charge a higher interest rate on loans than what they offer on deposits.
Description : Why are deposits in the banks called demand deposits? -SST 10th
Last Answer : Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called demand deposits.
Description : Why are the deposits in the banks called ‘demand deposits’? What are the benefits of deposits with the banks? -SST 10th
Last Answer : A cheque is a paper instructing the bank to pay a specific amount from a person's account to the person in whose name the cheque has been issued. The payer,who has an account with ... facility of cheques against demand deposits makes it possible to directly settle payments without the use of cash.
Last Answer : Banks charge higher interest rate on loans than what they offer on deposits. The difference of interest is the main source of income of banks.
Description : “Deposits with the banks are beneficial to the depositors as well as to the nation”. -SST 10th
Last Answer : The deposits with the banks are beneficial to the depositors because of the following reason : (i) Safety (ii) Earn Interest. (iii) Can make payment easily through cheques Benefits of Bank ... be concluded that deposits with the banks are beneficial to the depositors as well as to the nation.
Description : What are demand deposits? How is money safe with the banks? Explain. -SST 10th
Last Answer : a deposit of money that can be withdrawn without prior notice, e.g. in a current account. For banks, FDIC insurance is the government-backed program that insures deposits. ... If your bank or ... federal government, with backing from the US Treasury, can replace any money that was lost by the bank.
Description : The primary functions of Commercial Banks include-Accepting deposits and Lending funds.
Last Answer : Justify the following statement: The primary functions of Commercial Banks include-Accepting deposits and Lending funds.
Description : What is "narrow money"? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the ... reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters
Last Answer : (1) The sum of currency in circulation and the demand deposits in banks Explanation: The four main monetary aggregates of measures of money supply which reflect the state of the monetary sector ... This category of money is considered to be the most readily available for transactions and commerce.
Description : Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) ... the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.
Last Answer : (2) Currency with the public is less than the deposits with the banks. Explanation: Money supply in India includes the following: (i) Currency with the public: (ii) Demand deposits and time ... to total supply of money has been increasing with reciprocal diminution in currency held by the public.
Description : Commercial banks create credit - (1) on the basis of their securities (2) on the basis of their assets (3) on the basis of their reserve fund (4) on the basis of their deposits
Last Answer : (4) on the basis of their deposits Explanation: Commercial banks create credit on the basis of their deposits. Credit creation is the multiple expansions of banks demand deposits. Whenever, ... will depend on the primary deposits and also on the amounts of minimum legal resource requirement.
Description : The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions
Last Answer : (1) sale of stocks and bonds to the public Explanation: Companies issue securities called stocks and bonds to raise necessary capital which funds the company's daily operations and growth. ... issuing stock to owners called stockholders doesn't require the company's repayment of investor principal.
Description : What is difference between banks & HFCs? A. HFCs cannot accept demand deposits B. It cannot issue cheques drawn on itself C. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs D. All of the Above E. None of the Above
Last Answer : D. All of the Above Explanation: HFCs are doing functions similar to banks as banks also provides housing loans. However, there are a few differences as given below: ♦ HFCs cannot accept demand ... Credit Guarantee Corporation(DICGC) is not available to depositors of HFCs, unlike in case of banks.
Description : Which of the following service(s) is/are available in small finance banks? A. Providing loans B. Acceptance of deposits C. Setting up of Subsidiaries D. Both (A) and (B) E. None of the Above
Last Answer : D. Both (A) and (B) Explanation: Banks with a small finance bank license can provide basic banking service of acceptance of deposits and lending.