McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 1. |
EFT stands for…….. |
| A. | Electronic Fund Transmission |
| B. | Electronic Fund Transfer |
| C. | Electronic Feature Transfer |
| D. | None of these |
| Answer» B. Electronic Fund Transfer | |
| 2. |
Which bank was introduced first ATM machine in India? |
| A. | RBI |
| B. | HSBC |
| C. | PNB |
| D. | ICICI bank |
| Answer» B. HSBC | |
| 3. |
CDM refers to …………. |
| A. | Cash Deposit Machine |
| B. | Credit Development Method |
| C. | Cash Development Method |
| D. | Cash Development Machine |
| Answer» A. Cash Deposit Machine | |
| 4. |
ECS refers to …………… |
| A. | Easy Cash Service |
| B. | Electronic Clearing Service |
| C. | Electronic cash service |
| D. | Easy Clearing Service |
| Answer» B. Electronic Clearing Service | |
| 5. |
NEFT refers to…………... |
| A. | National Economic Fund Transfer |
| B. | National Economic Fund Transfer |
| C. | National Electronic Fee Transfer |
| D. | none of these |
| Answer» D. none of these | |
| 6. |
IFSC stands for ………….. |
| A. | Indian Financial System Code |
| B. | International Financial System Code |
| C. | Indian Fund Service Code |
| D. | None of these |
| Answer» A. Indian Financial System Code | |
| 7. |
RTGS stands for …………… |
| A. | Real Time Gross Settlement |
| B. | Real Term Gross Settlement |
| C. | Real Time Goal Settlement |
| D. | Real Term Goal Settlement |
| Answer» A. Real Time Gross Settlement | |
| 8. |
SWIFT stands for …………….. |
| A. | Society for Worldwide Internet Financial Telecommunications |
| B. | Solution for Worldwide Interbank Financial Telecommunications |
| C. | Society for Worldwide Internet Financial Telecommunications |
| D. | Solution for Worldwide Interbank Financial Telecommunications |
| Answer» D. Solution for Worldwide Interbank Financial Telecommunications | |
| 9. |
CBS stands for …….. |
| A. | Code Banking Solutions |
| B. | Core Banking Solutions |
| C. | common Banking Solutions |
| D. | Credit Banking Solutions |
| Answer» B. Core Banking Solutions | |
| 10. |
CTS refers to ……….. |
| A. | Cheque Truncation System |
| B. | Cheque Transaction System |
| C. | Cheque Truncation Solution |
| D. | Cheque Transaction Solution |
| Answer» A. Cheque Truncation System | |
| 11. |
Credit Information Bureau India Limited is India’s first credit rating agency which was incorporated in the year…… |
| A. | 1988 |
| B. | 2000 |
| C. | 2005 |
| D. | 1995 |
| Answer» B. 2000 | |
| 12. |
KYC refers to…………. |
| A. | Know Your Customer |
| B. | Know Your Credit |
| C. | Know Your City |
| D. | Know Your Company |
| Answer» A. Know Your Customer | |
| 13. |
A cheque bears a date earlier than the date on which it is presented to the bank it is called ……………… |
| A. | post-dated cheque |
| B. | ante- dated cheque |
| C. | outstation cheque |
| D. | local cheque |
| Answer» B. ante- dated cheque | |
| 14. |
MICR refers to……………….. |
| A. | Magnetic Ink Character Recognition |
| B. | Magnetic Information Character Recognition |
| C. | Magnetic Ink Code Recognition |
| D. | Magnetic Icon Character recognition |
| Answer» A. Magnetic Ink Character Recognition | |
| 15. |
Delivery of banks service to a customer at his office or home by using electronic technology is called ---- |
| A. | ATM |
| B. | EFT |
| C. | E-Banking |
| D. | None of these |
| Answer» C. E-Banking | |
| 16. |
The amount is instantly credited to the account of the customer in ----- |
| A. | ATM |
| B. | EFT |
| C. | CDM |
| D. | None of these |
| Answer» C. CDM | |
| 17. |
Virtual banking is also called ----- |
| A. | Internet Banking |
| B. | Home banking |
| C. | Mobile banking |
| D. | None of these |
| Answer» A. Internet Banking | |
| 18. |
Plastic money is ---- |
| A. | Debit card |
| B. | Credit card |
| C. | ATM card d |
| D. | None of these |
| Answer» B. Credit card | |
| 19. |
KCC is ---- |
| A. | Kissan credit card |
| B. | Kissan customer card |
| C. | Key Credit Card |
| D. | None of these |
| Answer» A. Kissan credit card | |
| 20. |
------- is based on the voice processing facility available with the bank computers. |
| A. | Internet Banking |
| B. | Tele Banking |
| C. | Mobile Banking |
| D. | All |
| Answer» B. Tele Banking | |
| 21. |
------bank can accept deposit only ,but cannot lend . |
| A. | Consortium Bank |
| B. | Payment Bank |
| C. | Small Finance Bank |
| D. | None of these |
| Answer» B. Payment Bank | |
| 22. |
------- Banks can issue ATM Debit cards but no Credit cards. |
| A. | Payment Bank |
| B. | Consortium Bank |
| C. | Small Finance Bank |
| D. | None of these |
| Answer» A. Payment Bank | |
| 23. |
------- banks accept deposits but customer balance should not exceed Rs.1 lakh |
| A. | Small Finance Bank |
| B. | Consortium Bank |
| C. | Payment Bank |
| D. | None of these. |
| Answer» C. Payment Bank | |
| 24. |
------ is to perform lending activities among weaker sections of the community. |
| A. | Small Finance Bank |
| B. | Consortium Bank |
| C. | Payment Bank |
| D. | All |
| Answer» A. Small Finance Bank | |
| 25. |
----- are norms for banks aimed at mitigating the risk and strengthening the capital structure of the banks of member countries. |
| A. | IRAC rules |
| B. | BASEL norms |
| C. | Capital Adequacy Norms |
| D. | None of these |
| Answer» B. BASEL norms | |
| 26. |
To strengthen the capital base of banks RBI laid down ------- |
| A. | IRAC rules |
| B. | BASEL norms |
| C. | Capital Adequacy Norms |
| D. | None of these |
| Answer» C. Capital Adequacy Norms | |
| 27. |
For providing transparency in accounting and reporting procedures of banks -- -- are introduced in 1992 |
| A. | IRAC rules |
| B. | BASEL norms |
| C. | Capital Adequacy Norms |
| D. | None of these |
| Answer» A. IRAC rules | |
| 28. |
------ banking refers to the use of technology and communication systems in delivering banking products and services to customers. |
| A. | Hi-tech banking |
| B. | Virtual banking |
| C. | PC |
| D. | Home banking. |
| Answer» A. Hi-tech banking | |
| 29. |
Which of the following is known as plastic money |
| A. | Credit card |
| B. | Debit card |
| C. | None of these |
| D. | Both of these |
| Answer» D. Both of these | |
| 30. |
Debit card means |
| A. | Pay later |
| B. | Pay now |
| C. | Both of these |
| D. | None of these |
| Answer» B. Pay now | |
| 31. |
Which type of loans have less prone to the risk of becoming NPA |
| A. | Retail loans |
| B. | Whole sale loans |
| C. | Gold loans |
| D. | Mortage loans |
| Answer» A. Retail loans | |
| 32. |
Which is the fastest possible money transfer system through banking channel |
| A. | RTGS |
| B. | EFT |
| C. | ATM |
| D. | None of these |
| Answer» A. RTGS | |
| 33. |
Paperless banking is known as |
| A. | RTGS |
| B. | Internet banking |
| C. | EFT |
| D. | mobile banking |
| Answer» C. EFT | |
| 34. |
Those banking services based on the voice processing facility available with the bank computers |
| A. | Internet banking |
| B. | Home banking |
| C. | E banking |
| D. | Tele banking |
| Answer» D. Tele banking | |
| 35. |
Cash which is stored electronically on a microchip is called |
| A. | E purse |
| B. | Debit card |
| C. | AYM |
| D. | Credit card |
| Answer» A. E purse | |
| 36. |
Electronic money is called as______ money |
| A. | E-cash, |
| B. | E-money, |
| C. | E-Rupee |
| D. | none |
| Answer» B. E-money, | |
| 37. |
RTGS stands for _____ |
| A. | Real time goods settlement |
| B. | Real time gross settlement |
| C. | Real time gross standardize |
| D. | none |
| Answer» B. Real time gross settlement | |
| 38. |
E-payments are increased due to_____ |
| A. | online work |
| B. | online payments |
| C. | online shopping |
| D. | none |
| Answer» C. online shopping | |
| 39. |
There is competition between _______ banking and e- banking |
| A. | traditional |
| B. | Modern |
| C. | private |
| D. | none |
| Answer» A. traditional | |
| 40. |
There is ____ in terms of transaction with E-banking |
| A. | privacy |
| B. | risk |
| C. | freedom |
| D. | none |
| Answer» B. risk | |
| 41. |
Electronic money is called as E-cash money |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 42. |
E-banking has no disadvantages |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 43. |
There is no competition between traditional banking and e- banking |
| A. | Ture |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 44. |
There is risk in E-banking |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 45. |
E-banking will lead to new type of job opportunity |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» A. True | |
| 46. |
Reserve bank is the central bank of USA |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» A. True | |
| 47. |
…………………….is the fastest possible money transfer system through banking channel |
| A. | RTGS |
| B. | EFT |
| C. | ATM |
| D. | None of these |
| Answer» A. RTGS | |
| 48. |
RBI was introduced first ATM machine in India? |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 49. |
Cash which is stored electronically on a microchip is called Credit Card |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» A. True | |
| 50. |
E-payments are increased due to on line shopping. |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» A. True | |
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