Banking Quiz-7

Which of the following is a role typically not performed by the Reserve Bank?

A/An _______ person means a person who can’t sign his name.

What is the relationship of the Bank hiring out with the safe deposit locker?

Shubham is a businessman who deals in buying and selling computer parts. Shubham deals with lot of customers daily and receives money from them as his transactions are mostly on cash basis. He also deals with different suppliers and has to make frequent payments to them. As it becomes difficult from him to manage cash daily, his friend Rahul advised him to open a bank account in ABC Bank. Name the type of account which will be opened by Shubham in ABC Bank.

Yash doesn’t want to carry cash with him to his home which is 250 km away so he uses a bank facility to become stress free. Name the facility of bank mentioned in this case.

A borrower defaults on a secured loan of Rs. 25,000. The underlying security is worth Rs. 40,000. Which of the following is true?

Which loan will be recommended to the customer who requires loan for short term and has no collateral?

The authority to issue currency notes rests with:

‘IndusInd Bank’ comes under which category of banks

_______ impression is taken on the account opening form and specimen signature card in the presence of an authorized bank official in case of an illiterate person.