Banking and Insurance Part2
Banking and Insurance Part2
CH-1-INTRODUCTION TO BANKING
CH-2-DEPOSIT ACCOUNTS
1. A nominee in the Bank account is the ______ on behalf of legal heirs.
a) Owner of asset b) Trustee c) Agent d) Principal
2. An instruction by a customer to a bank to pay a specified amount of money on a specified date or dates to a specified
payee is known as:
a) One time instruction b) Recurring instruction c) Standing Instruction
3. Banks generally don’t pay interest on money deposited in which of the following account?
a) Savings account b) Current account c) Fixed deposit account d) Overdraft Account
4. What are the KYC documents required by the Bank?
a) Photograph b) Identity Proof c) Address Proof d) All of the Above
2. Due to the implementation of the CBS, Bank Customers can access their account at any branch of the Bank
a) True b) False
3. Which of the following is a short term loan to the customer? a) Credit card b) Debit card c) Both of the above d) None
of the above
CH-4-INTRODUCTION TO INSURANCE
1. Insurance is a mechanism by which the person exposed to the potential ______, arising out of the events beyond his
control, transfers the financial loss; in part or in full to a ________party.
2. The person who takes the insurance is called _______ and the Organization that provides Insurance is called ______
2. After nationalization General Insurance Corporation had four subsidiaries. Three are as follows: National Insurance
Company Ltd New India Insurance Company Ltd Oriental Insurance Company Ltd Name the fourth subsidiary?