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McqMate
Chapters
1. |
Which bank is known as banker’s bank? |
A. | RBI |
B. | SBI |
C. | PNB |
D. | NABARD |
Answer» A. RBI |
2. |
Current deposit is also known as ………. |
A. | Savings deposit |
B. | demand deposit |
C. | time deposit. |
D. | recurring deposit |
Answer» B. demand deposit |
3. |
which deposits are repayable after the expiry of the fixed period ? |
A. | demand deposit |
B. | time deposit |
C. | savings deposit |
D. | recurring deposit |
Answer» B. time deposit |
4. |
…………… is a credit facility granted by commercial banks to current account holders |
A. | Cash credit |
B. | overdraft |
C. | discounting of bills of exchange |
D. | demand loans |
Answer» B. overdraft |
5. |
The process of …………. begins with banks lending money out of primary deposit. |
A. | credit creation |
B. | cash credit |
C. | debit creation |
D. | over draft |
Answer» A. credit creation |
6. |
NBFI s refers to ………. |
A. | Non Banking Financial Industries |
B. | Non Banking Financial Institution |
C. | Net Banking Financial Industries |
D. | Net Banking Financial Institutions |
Answer» B. Non Banking Financial Institution |
7. |
Delivery of financial services at affordable costs to the disadvantaged Low income segments of the society known as……….. |
A. | Credit creation |
B. | financial exclusion |
C. | Financial Inclusion |
D. | consumer credit |
Answer» C. Financial Inclusion |
8. |
When a deposit of money is received by the banker , the banker becomes the …………? |
A. | creditor |
B. | debtor |
C. | receiver |
D. | customer |
Answer» B. debtor |
9. |
When a deposit of money is received by the banker , the customer becomes the …………..? |
A. | debtor |
B. | creditor |
C. | customer |
D. | lender |
Answer» B. creditor |
10. |
The primary relationship between banker and customer is ……………. |
A. | Giver and receiver |
B. | debtor and creditor |
C. | insurer |
D. | insured |
Answer» B. debtor and creditor |
11. |
A ……….. is a person to whom the management of a particular property is entrusted for the exclusive benefit of a third party |
A. | customer |
B. | beneficiary |
C. | trustee |
D. | agent |
Answer» C. trustee |
12. |
Bankers Book Evidence Act was comes into existence ---- |
A. | 1881 |
B. | 1891 |
C. | 1890 |
D. | 1892 |
Answer» B. 1891 |
13. |
………… is the right of a creditor to retain possession of the property belonging to the debtor until certain demands of the person in possession are satisfied. |
A. | Lien |
B. | Returning |
C. | Surrender |
D. | None of these |
Answer» A. Lien |
14. |
FDR stands for ………….. |
A. | Fixed Delivery Receipt |
B. | Fixed Deposit Receipt |
C. | Final Deposit Receipt |
D. | Final Delivery Receipt |
Answer» B. Fixed Deposit Receipt |
15. |
In which year Negotiable Instrument Act was passed ………? |
A. | 1981 |
B. | 1956 |
C. | 1881 |
D. | 1984 |
Answer» C. 1881 |
16. |
…………… is a person who draws or makes a cheque |
A. | Drawee |
B. | Drawer |
C. | Payer |
D. | payee |
Answer» B. Drawer |
17. |
In the case of a cheque the drawee will always be a specified ………… with whom the drawer keeps an account. |
A. | person |
B. | partner |
C. | customer |
D. | banker |
Answer» D. banker |
18. |
………… is a person to whom the amount of a cheque is payable |
A. | Drawer |
B. | Drawee |
C. | Payee |
D. | Customer |
Answer» C. Payee |
19. |
Which one of them are correct in the case of parties involved in a cheque ? |
A. | Debtor and Creditor |
B. | Banker and customer |
C. | Drawer, Drawee and Payee |
D. | Drawer and Payee |
Answer» C. Drawer, Drawee and Payee |
20. |
In which types of banking system several banks joins hands with each other for meeting the credit requirements of the large borrower ? |
A. | group banking |
B. | consortium banking |
C. | net banking |
D. | none of these |
Answer» B. consortium banking |
21. |
Th e practice of conducting banking transactions from home rather than at bank branches by means of electronic telecommunication known as------ |
A. | branch banking |
B. | group banking |
C. | chain banking |
D. | home banking |
Answer» D. home banking |
22. |
NPA means ---- |
A. | Net Performing Assets |
B. | Non-Performing Asset |
C. | Net profit Acceptance |
D. | None of these |
Answer» B. Non-Performing Asset |
23. |
Example for Foreign Bank is ----- |
A. | Centurion Bank |
B. | City Bank |
C. | Axis Bank |
D. | All |
Answer» B. City Bank |
24. |
Bank of Baroda is an example for ------- |
A. | Private sector Bank |
B. | Foreign Bank |
C. | Public sector Bank |
D. | None of these |
Answer» C. Public sector Bank |
25. |
Federal Bank is a ------ |
A. | Private sector Bank |
B. | Foreign Bank |
C. | Public sector Bank |
D. | None of these |
Answer» A. Private sector Bank |
26. |
IBRD is also Known as ----- |
A. | Central Bank |
B. | World Bank |
C. | Exim Bank |
D. | All |
Answer» B. World Bank |
27. |
State financial corporations is an example for -------- |
A. | Industrial Bank |
B. | Foreign Bank |
C. | Public sector Bank |
D. | All |
Answer» A. Industrial Bank |
28. |
----- is a loan for short term temporary financing for Business firms . |
A. | Term loans |
B. | Bridge loans |
C. | Cash credit |
D. | All |
Answer» B. Bridge loans |
29. |
------- is a temporary financial arrangement by the bank to draw more than the amount standing to his credit. |
A. | Overdraft |
B. | Bridge loans |
C. | Cash credit |
D. | None of these. |
Answer» A. Overdraft |
30. |
General relationship between banker and customer is ----- |
A. | contractual relation ship |
B. | trustee and beneficiary |
C. | Right of agent |
D. | none of these |
Answer» B. trustee and beneficiary |
31. |
While accepting deposit,a banker becomes ------ and customer is ----- |
A. | Creditor and debtor |
B. | Debtor and Creditor |
C. | None of these . |
D. | all |
Answer» B. Debtor and Creditor |
32. |
There is no fixed place of repayment in ------- |
A. | debt due from bank |
B. | ordinary commercial debt |
C. | special debt |
D. | None of |
Answer» B. ordinary commercial debt |
33. |
Prime lending rate is charged by |
A. | Commercial bank |
B. | Merchant bank |
C. | Co-operative bank |
D. | Development bank |
Answer» A. Commercial bank |
34. |
When did the banking sector reforms initiates |
A. | 1996 |
B. | 1901 |
C. | 1991 |
D. | 1989 |
Answer» C. 1991 |
35. |
Under which banking aims at targeting customers with large value transaction |
A. | Whole sale banking |
B. | Merchant banking |
C. | Retail banking |
D. | Internet banking |
Answer» A. Whole sale banking |
36. |
On which rate method, the interest is charged on the full amount of the loan throughout the entire period of loan |
A. | Fixed rate of interest |
B. | Floating rate of interest |
C. | Flat rate of interest |
D. | Compound rate of interest |
Answer» C. Flat rate of interest |
37. |
A type of loan given by one bank to another bank is……..? |
A. | money at call and short notice |
B. | bridge loan |
C. | term loan |
D. | d .none of these |
Answer» A. money at call and short notice |
38. |
CRR and SLR are monetary policy instruments |
A. | True |
B. | False |
C. | none |
D. | none |
Answer» A. True |
39. |
Globalization has increased the role of central bank. |
A. | True |
B. | False |
C. | none |
D. | none |
Answer» A. True |
40. |
Which one of the following statements is most appropriate regarding transaction made in money? |
A. | It is the easiest way. |
B. | It is the safest way. |
C. | It is the cheapest way. |
D. | It promotes trade. |
Answer» A. It is the easiest way. |
41. |
Which one of the following is a modem form of currency? |
A. | Gold |
B. | Silver |
C. | Copper |
D. | Paper notes |
Answer» D. Paper notes |
42. |
Which among the following authorities issues currency notes on behalf of the government? |
A. | Government of India |
B. | The State Bank of India |
C. | National Bank for Agriculture and Rural Development |
D. | Reserve Bank of India |
Answer» D. Reserve Bank of India |
43. |
In which of the following systems exchange of goods is done without use of money? |
A. | Credit system |
B. | Barter system |
C. | Banking system |
D. | Collateral system |
Answer» B. Barter system |
44. |
Banks provide a higher rate of interest on which of the following accounts? |
A. | Saving account |
B. | Current account |
C. | Fixed deposits for long period |
D. | Fixed deposits for very short period |
Answer» C. Fixed deposits for long period |
45. |
Banks use the major portion of the deposits to: |
A. | Keep as reserve so that people may withdraw |
B. | Meet their routine expenses |
C. | Extend loans |
D. | Meet renovation of bank |
Answer» C. Extend loans |
46. |
What percentage of their deposits is kept as cash by the banks in India? |
A. | 25% |
B. | 20% |
C. | 15% |
D. | 10% |
Answer» C. 15% |
47. |
The informal source of credit does not include which one of the following? |
A. | Traders |
B. | Friends |
C. | Cooperative Societies |
D. | Moneylenders |
Answer» C. Cooperative Societies |
48. |
Which one of the following is the new way of providing loans to the mral poor? |
A. | Co-operative societies |
B. | Traders |
C. | Relatives and friends |
D. | SHGs |
Answer» D. SHGs |
49. |
Why is currency accepted as a medium of exchange? |
A. | Because the currency is authorised by the government of the country. |
B. | Because it is liked by the people who use it. |
C. | Because the use of currency has its origin in ancient times. |
D. | Because the currency is authorised by the World Bank. |
Answer» A. Because the currency is authorised by the government of the country. |
50. |
Who issues the currency notes in India? |
A. | Currency notes are issued by the Finance Commission. |
B. | All the nationalized banks can issue the currency notes. |
C. | Only Reserve Bank of India can issue currency notes. |
D. | Any individual or organization can issue cur¬rency notes with the permission of the govt. |
Answer» C. Only Reserve Bank of India can issue currency notes. |
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