In which of the following types of banking, there is a direct execution of transactions between a bank and its consumers? [A]Retail banking [B]Universal Banking [C]Virtual Banking [D]Unit Banking Show Answer Retail banking When there is a direct execution of transactions between a bank and its consumers, rather than with corporations or other banks, then […]
Which of the following is the first financial institution of India that adopted the Universal Banking System? [A]ICICI [B]SBI [C]IDBI [D]None of the above Show Answer ICICI Universal banking is a one-stop shop of financial products and services. The Industrial Credit and Investment Corporation of India Limited (ICICI) is the first financial institution of India […]
Which among the following types of Banking is most helpful in cross selling? [A]Virtual Banking [B]Relationship Banking [C]Wholesale Banking [D]Personal Banking Show Answer Relationship Banking Relationship banking is a banking system in which banks make deliberate efforts to understand customer needs and offer him products accordingly.
In terms with Banking Sector, Anywhere Banking refers to __: [A]The customer can deposit/ withdraw cash at any branch other than the branch in which he holds the account [B]The customer can deposit/ withdraw cash at any bank other than the bank in which he holds the account [C]The customer can deposit/ withdraw cash in […]
Which country has largest shadow banking market in the world? [A]China [B]UK [C]Netherland [D]USA Show Answer USA Shadow banking refers to the activities of financial institutions that operate outside government-regulated banking systems. United States has the largest shadow banking market followed UK and China.
What is the current number of Local Area Banks in India? [A]Three [B]Four [C]Six [D]Eight Show Answer Four As of May 2015, these four local area banks are: 1.Coastal Local Area Bank Ltd – Vijayawada (Andhra Pradesh) 2.Capital Local Area Bank Ltd – Phagwara (Punjab) 3.Krishna Bhima Samruddhi Local Area Bank Ltd, Mahbubnagar (Andhra Pradesh) […]
With reference to various types of Banking, what is “Mixed Banking”? [A]when banks undertake the activities of commercial and investment banking together [B]when banks undertake the activities of wholesale and retail banking together [C]when banks undertake the activities of offline and online banking together [D]when banks undertake the activities of commercial and cooperative banking together […]
Which of the following is NOT an advantage of Unit Banking? [A]They have fast decision making [B]The management enjoys more autonomy [C]They have risk diversification [D]All of above are advantages of Unit Banking Show Answer They have risk diversification Due to small size and due to unit structure; the decision making in unit banks is […]
In which country, the Unit Banking System originated? [A]United States [B]United Kingdom [C]France [D]Spain Show Answer United States Unit banking is a system of banking which originated in US. It is a limited way of banking where banks operate only from a single branch (or a few branches in the same area) taking care of […]
Bank branches are established under which section of Banking Regulations Act, 1949? [A]Section 20 [B]Section 23 [C]Section 22 [D]Section 10 Show Answer Section 23 Branch banking involves business of banking via branches. The branches are set up under Section 23 of Banking Regulations Act, 1949.