The bank is an
institution which has to accept
deposits from and lend money
to _____.
IIBF Exam 6-10
Quiz
•
Education
•
Professional Development
•
Medium
Diwakar Tiwary
Used 2+ times
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
The bank is an
institution which has to accept
deposits from and lend money
to _____.
All members of society or public
Middle class of society
Rich class of society
Poor class of society
2.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
The major source of
banking profit is the ______
Commission earned on insurance
products
Interest income from loans and
advances
Fee charged for remittance services
Commission earned on sale of
mutual funds
3.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
Which of the following is
an important feature of a Saving
Bank Deposits account in Banks?
Convenience of depositing
Ease to withdraw in times of need
Nomination facility
All of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
Which of the following
services is not among the
miscellaneous services provided
by the banks?
Escrow services
Safe custody services
Trusteeship and executor services
Real estate agency services
5.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
A fixed deposit
is classified as _______
Demand deposit
Loan product
Term deposit
None of the above
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