Learning Confirmation: Objective

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1. Every business is a series of ________ involving payment or receipt of
fund.
Transactions

Assets

Liabilities

Goods
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2. Payment Services through CMS does not includes couriering of which
instruments to the payees?
Dividends for shares

Payments of utility bills

Interest on bonds

Commission for agents

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3. Companies can use Payment services through CMS in which of the
following?
Payments of utility bills

Dividends for shares

Clearing cheques on the date of deposit

Remittance of funds from distributors to companies

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4. Due to CMS, companies realise their upcountry cheques in 10-20 days.
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5. In case of upcountry cheque collection, the bank appoints a ______ at
the place of dealer to collect the cheque periodically.
Clerical staff

Locker Company

Courier Company

Recovery office
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6. Some companies insist for DDs to reduce the clearing time because:
DDs can be issued for any amount

DDs are cheaper way of transacting

DDs can be issued 24/7

DDs are payable locally

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7. In local cheque collection, funds are available to clients after:
3 - 5 days

2 - 3 days

1 - 2 days

1 day
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8. CMS includes _______ of fund services.
 Only collection Services

Only Payment services

Collections and Payment Services

Advertisement facilities
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9. The main purpose behind CMS is to provide customised and
efficient _______ services to business entities.
Advertisement

Cash handling

Invoicing

Product management
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10. The charges levied for CMS does not consist:
Interest rate charged on Term loan

Client Background

Credit rating of the company

Geographical spread