McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
| 51. |
Which of the following are not methods of credit control |
| A. | bank rate |
| B. | rationing credit |
| C. | issue of notes |
| D. | direct action |
| Answer» C. issue of notes | |
| 52. |
The banker will refuse payment against |
| A. | post dated cheque |
| B. | mutilated cheque |
| C. | insufficient fund in a/c |
| D. | all of these |
| Answer» D. all of these | |
| 53. |
The following is not a demand deposit |
| A. | fixed deposit |
| B. | annuity deposit |
| C. | fixed deposit due |
| D. | all of these |
| Answer» A. fixed deposit | |
| 54. |
A cheque bearing a back date from the date of issue is |
| A. | stale cheque |
| B. | post dated cheque |
| C. | marked cheque |
| D. | ante dated cheque |
| Answer» D. ante dated cheque | |
| 55. |
Banker lien shall not exercise upon |
| A. | cheques for collection |
| B. | bills for collection |
| C. | call deposit |
| D. | safe custody deposits |
| Answer» D. safe custody deposits | |
| 56. |
Key loans are usually allowed on |
| A. | buildings |
| B. | goods under safe custody |
| C. | goods in transit |
| D. | goods for sale |
| Answer» D. goods for sale | |
| 57. |
The country popular for unit banking is |
| A. | russia |
| B. | india |
| C. | america |
| D. | britain |
| Answer» C. america | |
| 58. |
Overdraft facility is allowed to reputed customers on |
| A. | sb account |
| B. | current account |
| C. | fixed deposit |
| D. | call deposit |
| Answer» B. current account | |
| 59. |
The authority controlling the clearing house scheme is |
| A. | rbi |
| B. | sbi |
| C. | sebi |
| D. | govt. |
| Answer» A. rbi | |
| 60. |
Crossing of a cheque can be done by |
| A. | drawer only |
| B. | payee only |
| C. | any holder |
| D. | none of these |
| Answer» C. any holder | |
| 61. |
Cash Reserve Ratio of banks is insisted in RBI Act of 1934 under section |
| A. | 15 |
| B. | 42 |
| C. | 32 |
| D. | 18 |
| Answer» B. 42 | |
| 62. |
In order to determine a cheque valid or not one has to examine.......... |
| A. | actual date of issue |
| B. | date of receipt by payee |
| C. | date of endorsement |
| D. | date that cheque bears |
| Answer» D. date that cheque bears | |
| 63. |
RBI is an example of |
| A. | chartered company |
| B. | statutory company |
| C. | registered company |
| D. | unlimited company |
| Answer» B. statutory company | |
| 64. |
A bank draft is drawn by |
| A. | customer |
| B. | bank |
| C. | trader |
| D. | any of the above |
| Answer» B. bank | |
| 65. |
Pledge means........ |
| A. | advance against goods |
| B. | to draw over and above deposit |
| C. | bailment of goods as security |
| D. | mortgage of building |
| Answer» C. bailment of goods as security | |
| 66. |
One Rupee notes is issued by |
| A. | rbi |
| B. | sbi |
| C. | ministry of finance |
| D. | both rbi and govt. |
| Answer» C. ministry of finance | |
| 67. |
A place where representatives of banks meet to settle cheques for collection |
| A. | bankers club |
| B. | acceptance bank |
| C. | clearing house |
| D. | discount house |
| Answer» C. clearing house | |
| 68. |
Which of the following is subsidiary function of a bank |
| A. | accepting deposit |
| B. | granting credit |
| C. | safe custodial service |
| D. | banking services |
| Answer» D. banking services | |
| 69. |
Ownership of IDBI is vested with |
| A. | rbi |
| B. | govt. of india |
| C. | sbi |
| D. | sidbi |
| Answer» B. govt. of india | |
| 70. |
Credit card system was firstly developed in.......... |
| A. | bank of england |
| B. | bank of america |
| C. | rbi |
| D. | bank of tokyo |
| Answer» B. bank of america | |
| 71. |
Call deposit is modified form of................ |
| A. | fixed deposit |
| B. | demand draft |
| C. | term deposit |
| D. | sb deposit |
| Answer» D. sb deposit | |
| 72. |
The EXIM bank established in the year |
| A. | 1982 |
| B. | 1992 |
| C. | 1998 |
| D. | 1975 |
| Answer» A. 1982 | |
| 73. |
NABARD was established in the year |
| A. | 1986 |
| B. | 1982 |
| C. | 1990 |
| D. | 1964 |
| Answer» B. 1982 | |
| 74. |
Lead Bank scheme was introduced by RBI in the year |
| A. | 1986 |
| B. | 1969 |
| C. | 1975 |
| D. | 1980 |
| Answer» B. 1969 | |
| 75. |
Rule of Claytons Case is related with |
| A. | fixed deposit |
| B. | appropriation of debt |
| C. | cash credit |
| D. | term loans |
| Answer» B. appropriation of debt | |
| 76. |
Garnishee order is issued by |
| A. | state govt. |
| B. | central govt. |
| C. | rbi |
| D. | court of law |
| Answer» D. court of law | |
| 77. |
Scheduled bank is one................. |
| A. | which is included in ii schedule of rbi |
| B. | which is included in ii schedule of banking regulation act |
| C. | institution dealing in money |
| D. | which gives loan to sc/st |
| Answer» A. which is included in ii schedule of rbi | |
| 78. |
SBI was set up by nationalising |
| A. | bank of calcutta |
| B. | imperial bank |
| C. | national provincial bank |
| D. | bharath bank |
| Answer» B. imperial bank | |
| 79. |
A bankers lien is |
| A. | general |
| B. | particular |
| C. | proportional |
| D. | specific |
| Answer» A. general | |
| 80. |
Number of subsidiary banks of SBI is |
| A. | 5 |
| B. | 10 |
| C. | 14 |
| D. | 7 |
| Answer» D. 7 | |
| 81. |
Signature of one rupee note is of..... |
| A. | rbi governor |
| B. | finance secretary |
| C. | president of india |
| D. | finance minister |
| Answer» B. finance secretary | |
| 82. |
Origin of banking is said to be closely connected with |
| A. | arabs |
| B. | romans |
| C. | indians |
| D. | jews |
| Answer» D. jews | |
| 83. |
The best example of pure commercial banking is |
| A. | british banking |
| B. | german banking |
| C. | indian banking |
| D. | japanese banking |
| Answer» A. british banking | |
| 84. |
Which country’s banking is regarded as best example of mixed banking |
| A. | germany |
| B. | usa |
| C. | britain |
| D. | india |
| Answer» A. germany | |
| 85. |
Money at call is otherwise known as.......... |
| A. | overdraft |
| B. | overnight money |
| C. | credit card |
| D. | cash credit |
| Answer» B. overnight money | |
| 86. |
............ bank is one which specialise in financing foreign trade of a country |
| A. | unit |
| B. | branch |
| C. | overseas |
| D. | exchange |
| Answer» D. exchange | |
| 87. |
“A central bank is an institution charged with responsibility of regulating supply and cost of money in the interest of general public”. This definition was made by; |
| A. | h l hart |
| B. | keynes |
| C. | john paget |
| D. | dudley johnson |
| Answer» D. dudley johnson | |
| 88. |
Commercial bank can be either unit banking type or ----------- banking type. |
| A. | central |
| B. | branch |
| C. | specialised |
| D. | rural |
| Answer» B. branch | |
| 89. |
Discounting of bills of exchange is.......... function of commercial banks |
| A. | lending |
| B. | borrowing |
| C. | investment |
| D. | agency |
| Answer» A. lending | |
| 90. |
Industrial banks are also called .......... as they subscribing the securities issued by the industrial concerns. |
| A. | share banks |
| B. | loan banks |
| C. | development banks |
| D. | investment bank |
| Answer» D. investment bank | |
| 91. |
IDBI and IFCI are examples of........... |
| A. | commercial bank |
| B. | co-operative bank |
| C. | industrial bank |
| D. | unit bank |
| Answer» C. industrial bank | |
| 92. |
International Bank for Reconstruction and Development is popularly known as |
| A. | international bank |
| B. | overseas bank |
| C. | world bank |
| D. | imf |
| Answer» C. world bank | |
| 93. |
Payment of premium by a commercial bank is a part of their........ System. |
| A. | deposit |
| B. | agency |
| C. | exchange |
| D. | utility |
| Answer» B. agency | |
| 94. |
Unit banks are linked with bigger banks by a system called........ |
| A. | mixed banking |
| B. | group banking |
| C. | correspondent banking |
| D. | network banking |
| Answer» C. correspondent banking | |
| 95. |
Bank is a “factory” of............. |
| A. | cash |
| B. | coins |
| C. | credit |
| D. | deposit |
| Answer» C. credit | |
| 96. |
NPA stands for............. |
| A. | normal profit achievement |
| B. | nonperforming assets |
| C. | non profit advances |
| D. | non performing agents |
| Answer» B. nonperforming assets | |
| 97. |
Commercial banks act as income tax consultant. This is a.............. function. |
| A. | lending |
| B. | utility |
| C. | agency |
| D. | demand. |
| Answer» B. utility | |
| 98. |
.......... Ratio refers to that portion of total deposits of commercial bank which it has to keep with central bank in the form of cash reserve. |
| A. | slr |
| B. | crr |
| C. | plr |
| D. | repo |
| Answer» B. crr | |
| 99. |
Non Banking Financial Corporation’s (NBFCs) are otherwise known as........... |
| A. | narrow banks |
| B. | para banks |
| C. | virtual banks |
| D. | link banks |
| Answer» B. para banks | |
| 100. |
Maximum period for which deposits can be obtained by a NBFC is |
| A. | 5 years |
| B. | 15 years |
| C. | 10 years |
| D. | 2 years |
| Answer» C. 10 years | |
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