McqMate
1. |
Indian banks were nationalised in the year |
A. | 1949 |
B. | 1969 |
C. | 1959 |
D. | 1979 |
Answer» B. 1969 |
2. |
Bankers are not only purveyors of money but also an important sense they are |
A. | consumers |
B. | manufacturers |
C. | lenders |
D. | borrowers |
Answer» B. manufacturers |
3. |
Primary functions of a commercial banks are ........... and lending |
A. | honouring cheques |
B. | accepting deposits |
C. | issuing cheques |
D. | issuing dd |
Answer» B. accepting deposits |
4. |
The total number of public sector banks in India is |
A. | 14 |
B. | 12 |
C. | 28 |
D. | 22 |
Answer» C. 28 |
5. |
Indian Institute of Bankers is registered as............. |
A. | trustee |
B. | association |
C. | joint stock company |
D. | co-op society |
Answer» C. joint stock company |
6. |
The head quarters of National Housing Bank is |
A. | new delhi |
B. | mumbai |
C. | agra |
D. | hyderabad |
Answer» B. mumbai |
7. |
The Head quarters of Allahabad Bank is |
A. | allahabad |
B. | mumbai |
C. | calcutta |
D. | delhi |
Answer» C. calcutta |
8. |
The ‘Teller System’ has been introduced by banks to......... |
A. | canvas more customers |
B. | make quick payment of cheque |
C. | clarify enquiries |
D. | advice customers |
Answer» B. make quick payment of cheque |
9. |
Money at call and short notice of a bank is ............ |
A. | secured advance |
B. | bankers second line of advance |
C. | widely distributed loans |
D. | all the above |
Answer» B. bankers second line of advance |
10. |
The terms drawer, drawee and payee are associated with; |
A. | cheques |
B. | promissory notes |
C. | delivery order |
D. | hundies |
Answer» A. cheques |
11. |
Where the RBI has no branch the bank which can act as its agent is; |
A. | any commercial bank |
B. | any nationalised bank |
C. | sbi |
D. | indian bank |
Answer» C. sbi |
12. |
Unless otherwise specified DD or cheques is valid for a period of; |
A. | 6 months |
B. | 1 year |
C. | 3 months |
D. | one month |
Answer» C. 3 months |
13. |
RBI was nationalised in the year |
A. | 1941 |
B. | 1949 |
C. | 1943 |
D. | 1935 |
Answer» B. 1949 |
14. |
The drawee of a cheque is always.......... |
A. | customer |
B. | minor |
C. | company |
D. | bank |
Answer» D. bank |
15. |
Commercial banks in India was organised as....... |
A. | sole proprietorship |
B. | joint stock company |
C. | partnership |
D. | joint sector |
Answer» B. joint stock company |
16. |
In India ............. banks are nationalised in the year 1969 |
A. | 16 |
B. | 19 |
C. | 14 |
D. | 22 |
Answer» C. 14 |
17. |
Second nationalisation of commercial banks (6 banks)was in the year |
A. | 1979 |
B. | 1980 |
C. | 1984 |
D. | 1976 |
Answer» B. 1980 |
18. |
Cooperative banks are registered under............. |
A. | rbi act |
B. | banking regulation act |
C. | co-operative societies act |
D. | any of the above |
Answer» C. co-operative societies act |
19. |
The first Regional Rural Bank came into existence on |
A. | 1972 |
B. | 1964 |
C. | 1975 |
D. | 1977 |
Answer» C. 1975 |
20. |
The largest public sector bank in India is |
A. | rbi |
B. | sbi |
C. | canara bank |
D. | indian overseas bank |
Answer» B. sbi |
21. |
RRB Act was enacted in the year |
A. | 1974 |
B. | 1979 |
C. | 1975 |
D. | 1976 |
Answer» C. 1975 |
22. |
............. is the apex institution for rural development and rural credit |
A. | rbi |
B. | idbi |
C. | nabard |
D. | irbi |
Answer» D. irbi |
23. |
RBI was established in the year |
A. | 1949 |
B. | 1935 |
C. | 1964 |
D. | 1947 |
Answer» B. 1935 |
24. |
Medium term loans are meant for a period |
A. | 3-5 years |
B. | 5-10 years |
C. | over 10 years |
D. | 1-3 years |
Answer» A. 3-5 years |
25. |
Possession of a security practically with the banker is in the case of |
A. | mortgage |
B. | pledge |
C. | hypothecation |
D. | hire purchase |
Answer» B. pledge |
26. |
Maximum number of withdrawals permitted per half year weather by cheque or otherwise in saving bank account |
A. | 100 |
B. | 200 |
C. | 50 |
D. | no limit |
Answer» C. 50 |
27. |
The banker’s obligation to pay his customers cheque is a duty towards............ |
A. | the drawee |
B. | the drawer |
C. | the holder |
D. | the payee |
Answer» B. the drawer |
28. |
Collateral security means |
A. | advance against supply bills |
B. | share and debentures |
C. | goods pledged to the bank |
D. | additional security |
Answer» D. additional security |
29. |
RBI issues currency notes on the basis of............ |
A. | minimum reserve |
B. | general reserve |
C. | proportional reserve |
D. | gold reserve |
Answer» A. minimum reserve |
30. |
The term “Reserve” in Reserve bank of India indicates |
A. | reserved for govt. business alone |
B. | it keeps reserves of all commercial banks |
C. | no special significance |
D. | it keeps foreign currency |
Answer» B. it keeps reserves of all commercial banks |
31. |
SBI was established in the year |
A. | 1954 |
B. | 1956 |
C. | 1955 |
D. | 1964 |
Answer» C. 1955 |
32. |
For opening new branch of a bank should obtain the sanction of.......... |
A. | central government |
B. | state government |
C. | rbi |
D. | all the above |
Answer» C. rbi |
33. |
Negotiable Instrument Act was passed in the year |
A. | 1856 |
B. | 1875 |
C. | 1881 |
D. | 1882 |
Answer» C. 1881 |
34. |
NABARD is administered by |
A. | rbi |
B. | sbi |
C. | board of directors |
D. | central govt. |
Answer» C. board of directors |
35. |
A depositor can withdraw money from the bank any number of time in............. |
A. | fixed deposit |
B. | savings bank |
C. | current a/c |
D. | recurring deposit |
Answer» C. current a/c |
36. |
A cheque is deemed stale after |
A. | one month |
B. | 3 months |
C. | 6 months |
D. | one year |
Answer» B. 3 months |
37. |
Bank rate policy is aimed at |
A. | development of banks |
B. | helping loan takers |
C. | stabilising internal price level |
D. | none of these. |
Answer» C. stabilising internal price level |
38. |
Bank of England was established in the year |
A. | 1586 |
B. | 1612 |
C. | 1694 |
D. | 1656 |
Answer» C. 1694 |
39. |
Garnishee order is to restrain a banker from |
A. | receiving deposit |
B. | making payment |
C. | accepting bills |
D. | crossing of cheques |
Answer» B. making payment |
40. |
A banker need not bother too much to open an account in the name of a person when receiving......... |
A. | term deposit |
B. | demand deposit |
C. | saving deposit |
D. | call deposit |
Answer» A. term deposit |
41. |
Primary relationship between banker and customer is that of |
A. | dealer and customer |
B. | principal and agent |
C. | debtor and creditor |
D. | vender and buyer |
Answer» C. debtor and creditor |
42. |
Bankers lien is a general lien and is |
A. | a special type of mortgage |
B. | an implied pledge |
C. | a pledged transaction |
D. | hypothecation transaction |
Answer» B. an implied pledge |
43. |
Which country is popular for branch banking |
A. | britain |
B. | china |
C. | india |
D. | japan |
Answer» A. britain |
44. |
Whose signature is affixed on currency notes |
A. | president |
B. | prime minister |
C. | rbi governor |
D. | finance minister |
Answer» C. rbi governor |
45. |
A post dated cheque is one which bears; |
A. | a date which is not more than 6 months |
B. | future date |
C. | an impossible date |
D. | back date |
Answer» B. future date |
46. |
A banker has the right to disclose the account position of a customer to........... |
A. | intimate friend |
B. | customers wife |
C. | trade reference |
D. | customers relatives |
Answer» C. trade reference |
47. |
An account usually maintained by businessmen in a bank is |
A. | current account |
B. | saving bank account |
C. | recurring deposit account |
D. | none of these |
Answer» A. current account |
48. |
The system of banking attracting deposits and lending for short period is called |
A. | mixed banking |
B. | deposit banking |
C. | credit system |
D. | lending system |
Answer» B. deposit banking |
49. |
When a loan is advanced on the basis of immovable property, it is called |
A. | pledge |
B. | hypothecation |
C. | mortgage |
D. | lien |
Answer» C. mortgage |
50. |
When a loan is advanced on the basis of movable property, it is called |
A. | pledge |
B. | hypothecation |
C. | mortgage |
D. | lien |
Answer» B. hypothecation |
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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