Total No. of Questions: 6] SEAT No.

:
[Total No. of Pages: 3]

115 B: BANKING AND FINANCE

Fundamentals of Banking – I (CBCS)
(2019Pattern) (Semester - I)
Time: 2½ Hours] [Max. Marks: 70
Instructions to the candidates:
1) Question No. 1 is compulsory.
2) Solve any three questions from Q. No.2 to Q. No.5.
3) Q. No. 6 is compulsory.
4) Figures to the right indicate full marks.

Q1) A) Fill in the Blanks (Any Seven):

[7]
i) In the year 14 commercial banks were nationalized in
India.
a) 19th July 1969
b) 1st July 1955
c) 15th April 1980
ii) In the year Reserve Bank of India was established.
a) 1934
b) 1935
c) 1938
iii) Bank is private Bank.
a) Central Bank of India
b) ICICI Bank
c) Cosmos Bank
iv) is the public sector Bank.
a) Cosmos Bank
b) Bank of Maharashtra
c) HDFC Bank
v) Bank of Hindustan was established in _____
a) 1770
b) 1735
c) 1717
 vi) Bank of England was established in the year_____.
a) 1694
b) 1883
c) 1862
vii) State Bank of India was established in the year ______.

a) 1955
b) 1948
c) 1969
viii) NABARD was established in the year .
a) 1982
b) 1979
c) 1986
ix) Bank offers rate of Interest on Fixed deposit account.
a) Very low
b) Low
c) High

Q1 B State whether the following statements are true or false (any 7). [7]

i. Acceptance of deposit is the secondary functions of bank.

ii. Advancing of loans is a primary functions of Bank.
iii. Central Bank of India is the public sector bank.
iv. Reserve Bank of India is the Central Bank of India.
v. Married woman’s account is the institutional account holders.
vi. Hindu undivided family’s account is individual account holder.
vii. Demand Draft is cheque drawn by one branch of a bank upon
another branch.
viii. Swift was established in the year 1973.
ix. Overdraft facility is available to current deposit account.
Q2) a) Explain procedure for operating current account in the bank. [7]

Procedure for Opening of Deposit Account: Know Your Customer

Norms, (KYC Norms), Application Form, Introduction, Proof of
Residence, Specimen Signature, and Nomination Facility
b) Explain the procedure for opening of deposit account in a bank. [7]

Q3) a) What is SWIFT? [4]

b) Explain in brief the methods of remittances. [10]

Q4) a) Explain in brief agency functions of bank. [7]

b) Explain in brief general utility services of bank. [7]

Q5) a) State the origin of the word Bank. [4]

b) Explain the structure of Indian Banking System.
[10]

Q6) Write a short notes (any two). [14]

a) KYC
b) Banker’s cheque.
c) Transfer of Account.
d) RTGS