Banking And Financial Institutions - Study Mode

[#356] Which of the following is the latest buzzword among bankers?
Correct Answer

(C) Mass banking

[#357] Escrow account is useful/helpful to:
Correct Answer

(B) Exporters

[#358] SCORES stands for:
Correct Answer

(A) SEBI Complaints Redress System

[#359] Which of the following statement/s is/are correct? 1. NBFCs does not hold a banking license. 2. NBFC can issue Demand Drafts like banks.
Correct Answer

(A) 1 is correct

[#360] Assertion (A): Most of the development bank in India have setup private commercial banks after the introduction of capital adequacy norms. Reason (R): Development banks in India have not adhered to their basic objectives.
Correct Answer

(C) (A) is correct, but (R) is incorrect