1000MCQ With Answer on Accounts & Finance for Bankers
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1000MC Q with answer on Accounts & Finance for Bankers Copyright © 2015 Banking Hub | 1 MCQ SL No. QUESTION OPTIONS Answer 1 “The accepting, for the purpose of lending or investing, of deposits of money from the public, repayable on demand or otherwise and withdraw able by cheque, draft and order or otherwise”. This definition is given by- (a) Companies Act (b) Negotiable Instrument Act (c) Banking Regulations Act (d) Indian Contract Act (e) None of the above c 2 Banks may sponsor mutual funds in compliance with the guidelines issued by _____ from time to time. (a) SEBI (b) Company Law Board (c) ROC (d) All of the above (e) None of the above a 3 Banks desirous of setting up MMMFs would have to seek necessary clearance from ____. (a) SEBI (b) ROC (c) RBI (d) Company Law Board (e) None of the above c 4 The head office and regional/zonal offices do not conduct any banking business. They are generally responsible for administrative and policy decisions which are executed at the branch level. (a) True (b) False (c) Partly true (d) Partly false (e) Can’t comment a 5 Bank’s use of third party to perform activities on a continuing basis that would normally
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