McqMate
| 201. |
The Imperial Bank was renamed: |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | Bank of Hindustan |
| D. | Punjab National Bank |
| Answer» B. State Bank of India | |
| 202. |
Imperial Bank was formed in ________ by the amalgamation of three presidency banks – the Bank of Bengal, the Bank of Bombay, and the Bank of Madras: |
| A. | 1921 |
| B. | 1934 |
| C. | 1949 |
| D. | 1955 |
| Answer» A. 1921 | |
| 203. |
The Regional Rural Banks were set up in the year |
| A. | 1974 |
| B. | 1975 |
| C. | 1976 |
| D. | 1977 |
| Answer» B. 1975 | |
| 204. |
14 of the major private sector banks in India were nationalized in the year: |
| A. | 1969 |
| B. | 1970 |
| C. | 1979 |
| D. | 1980 |
| Answer» A. 1969 | |
| 205. |
The 2nd nationalization of six private banks was made in the year: |
| A. | 1969 |
| B. | 1970 |
| C. | 1979 |
| D. | 1980 |
| Answer» D. 1980 | |
| 206. |
In which year was the Banking Regulation Act passed? |
| A. | 1949 |
| B. | 1955 |
| C. | 1959 |
| D. | 1969 |
| Answer» A. 1949 | |
| 207. |
The card by which you cannot buy a product is: |
| A. | Credit card |
| B. | ATM card |
| C. | Debit card |
| D. | Smart card |
| Answer» B. ATM card | |
| 208. |
Each Regional Rural Bank is sponsored by: |
| A. | a private sector bank |
| B. | a public sector bank |
| C. | cooperative bank |
| D. | none of the above |
| Answer» B. a public sector bank | |
| 209. |
The first Indian bank known as “The bank of Hindustan” was started in |
| A. | 1770 |
| B. | 1771 |
| C. | 1772 |
| D. | 1773 |
| Answer» A. 1770 | |
| 210. |
Usually, in public sector banks, government holdings are more than |
| A. | 40% |
| B. | 50% |
| C. | 60% |
| D. | 55% |
| Answer» B. 50% | |
| 211. |
Regional Rural Banks (RRB‟s) were established in |
| A. | 1965 |
| B. | 1955 |
| C. | 1975 |
| D. | 1985 |
| Answer» C. 1975 | |
| 212. |
___________is a central bank of a country. It acts as a leader of the money market. |
| A. | Commercial bank |
| B. | RBI |
| C. | Development bank |
| D. | SBI |
| Answer» B. RBI | |
| 213. |
Non-schedule Bank have a paid up capital and reserves of aggregate value of less than |
| A. | 2 lakhs |
| B. | 3 lakhs |
| C. | 4 lakhs |
| D. | 5 lakhs. |
| Answer» D. 5 lakhs. | |
| 214. |
Internet Banking is also known as |
| A. | e-banking |
| B. | virtual banking |
| C. | both a and b |
| D. | None of them. |
| Answer» C. both a and b | |
| 215. |
Bank classifications according to law are |
| A. | Private Bank |
| B. | Scheduled bank |
| C. | Non-scheduled bank |
| D. | Both (b) and (c) |
| Answer» D. Both (b) and (c) | |
| 216. |
The first public bank was |
| A. | SBI |
| B. | Rural Bank |
| C. | PNB |
| D. | Bank of Venice |
| Answer» D. Bank of Venice | |
| 217. |
Modern Banking in India originated during the |
| A. | 16th Century |
| B. | 18th Century |
| C. | 17th Century |
| D. | 19th Century |
| Answer» B. 18th Century | |
| 218. |
The largest and oldest bank still in existence is the |
| A. | Bank of Baroda |
| B. | Reserve Bank of India |
| C. | State Bank of India |
| D. | Axis Bank |
| Answer» C. State Bank of India | |
| 219. |
In 1969 how many large banks of India does the government nationalized? |
| A. | 14 |
| B. | 20 |
| C. | 17 |
| D. | 8 |
| Answer» A. 14 | |
| 220. |
The previous name of S.B.I which existed during the British rule was |
| A. | Bank of Bengal |
| B. | Bank of Calcutta |
| C. | Bank of Bombay |
| D. | Imperial Bank of India |
| Answer» C. Bank of Bombay | |
| 221. |
NABARD stands for |
| A. | National Bank for Agriculture and Rural Development |
| B. | National Agriculture Bank and Rural Development |
| C. | National Allied Bank for Regional Development |
| D. | National Bank for Agriculture and Regional Development |
| Answer» A. National Bank for Agriculture and Rural Development | |
| 222. |
Public sector bank is a bank where the central government owned more than |
| A. | 60% shares |
| B. | 50% shares |
| C. | 25% shares |
| D. | 49% share |
| Answer» B. 50% shares | |
| 223. |
Which one of this is a private sector bank |
| A. | Canara Bank |
| B. | Indian Overseas Bank |
| C. | Punjab National Bank |
| D. | Induslnd Bank |
| Answer» D. Induslnd Bank | |
| 224. |
Which one of this is not a function of Mobile Banking |
| A. | Balance Enquiry |
| B. | Cash Withdrawal |
| C. | Fund transfer |
| D. | Bill Payment |
| Answer» B. Cash Withdrawal | |
| 225. |
NABARD was set up in the year |
| A. | 1981 |
| B. | 1982 |
| C. | 1983 |
| D. | 1984 |
| Answer» B. 1982 | |
| 226. |
RRB was set up in the year |
| A. | 1945 |
| B. | 1935 |
| C. | 1975 |
| D. | 1976 |
| Answer» C. 1975 | |
| 227. |
Cooperative Banks in India have a |
| A. | two-tier system |
| B. | three-tier system |
| C. | four-tier system |
| D. | five-tier system |
| Answer» B. three-tier system | |
| 228. |
ATM can be used for |
| A. | cash withdrawal |
| B. | account enquiry |
| C. | statement of account |
| D. | all of above |
| Answer» D. all of above | |
| 229. |
Coins are issued by |
| A. | RBI |
| B. | NABARD |
| C. | Public sector banks |
| D. | Government of India |
| Answer» D. Government of India | |
| 230. |
Internet Banking refers to |
| A. | operation of account through internet |
| B. | opening of account through ATM |
| C. | Both a) and b) |
| D. | None of above |
| Answer» A. operation of account through internet | |
| 231. |
Who can open bank account? |
| A. | Indian citizen |
| B. | Non-resident of Indian |
| C. | illiterate |
| D. | all of above |
| Answer» D. all of above | |
| 232. |
The first Indian bank is known as |
| A. | Bank of Hindustan |
| B. | Bank of Madras |
| C. | Bank of Calcutta |
| D. | Bank of Bombay |
| Answer» A. Bank of Hindustan | |
| 233. |
The first Indian bank known as „The Bank of Hindustan‟ was set up in |
| A. | 1894 |
| B. | 1880 |
| C. | 1798 |
| D. | 1770 |
| Answer» D. 1770 | |
| 234. |
Imperial Bank of India was nationalised in _______. |
| A. | 1949 |
| B. | 1955 |
| C. | 1959 |
| D. | 1969 |
| Answer» B. 1955 | |
| 235. |
What is Scheduled Bank in India? |
| A. | It is included in the 11 Schedule of Banking Regulation Act. |
| B. | It is Included in the 11 Schedule of Consitution. |
| C. | It is included in the 11 Schedule of Reserve Bank of India Act. |
| D. | None of these |
| Answer» C. It is included in the 11 Schedule of Reserve Bank of India Act. | |
| 236. |
Which is the largest private sector bank in India |
| A. | HDFC Bank |
| B. | Axis Bank |
| C. | ICICI Bank |
| D. | Kotak Mahindra |
| Answer» A. HDFC Bank | |
| 237. |
The type of card that can be issued by the government to the farmers to meet their cultivation needs and non-farm requirement is |
| A. | Kisan Credit Card |
| B. | ATM Card |
| C. | Kisan Vikas Card |
| D. | None of the above |
| Answer» A. Kisan Credit Card | |
| 238. |
Which is the largest public sector bank in India |
| A. | State Bank of India |
| B. | Bank of Baroda |
| C. | Canara Bank |
| D. | Indian Overseas Bank |
| Answer» A. State Bank of India | |
| 239. |
If the account of a customer shows a credit balance, the banker will be: |
| A. | Creditor |
| B. | Debtor |
| C. | Debtor and Creditor |
| D. | None of the above |
| Answer» B. Debtor | |
| 240. |
Overdraft facilities are allowed in |
| A. | Saving account |
| B. | Fixed account |
| C. | Current account |
| D. | None of the above |
| Answer» C. Current account | |
| 241. |
The purpose of the crop loan is to facilitate the agriculturists to carry on: |
| A. | Allied activities |
| B. | Irrigation only |
| C. | Seasonal agricultural operations |
| D. | None |
| Answer» C. Seasonal agricultural operations | |
| 242. |
Industrial banks are specialised financial institutions established by government to: |
| A. | Meet short term credit needs of the farmers |
| B. | Provide Cash Credit and Overdraft facilities |
| C. | Meet long term finance requirements of industries |
| D. | Provide necessary training to farmers |
| Answer» C. Meet long term finance requirements of industries | |
| 243. |
Which of the following is known as a Savings Bank Account opened with a commercial bank with zero balance or very minimal balance? |
| A. | Current account |
| B. | No-frills account |
| C. | Fixed deposit account |
| D. | Recurring account |
| Answer» B. No-frills account | |
| 244. |
Deposits mobilised by the banks are utilised for:
|
| A. | only (i) |
| B. | both (ii) and (iii) |
| C. | All the above |
| D. | None of the above |
| Answer» C. All the above | |
| 245. |
A banker is obliged to keep the affairs of his customer secret except under special circumstances such as: |
| A. | Where disclosure is requested by a third party |
| B. | Where another banker requires the information |
| C. | Where disclosure is made with the consent of the customer |
| D. | where disclosure is requested by the customer‟s employer |
| Answer» C. Where disclosure is made with the consent of the customer | |
| 246. |
Right of lien is the right of a creditor |
| A. | To sell the goods and securities of the customer in his possession |
| B. | To retain in his possession goods and securities and not the right to sell |
| C. | To appropriate a customer‟s debt |
| D. | none of the above |
| Answer» B. To retain in his possession goods and securities and not the right to sell | |
| 247. |
Overdraft facilities are allowed in |
| A. | current a/c only |
| B. | savings a/c only |
| C. | fixed deposit only |
| D. | recurring deposit only |
| Answer» A. current a/c only | |
| 248. |
A kind of deposit where depositor is required to deposit a fixed amount at regular intervalfor a specific period is |
| A. | term deposit |
| B. | saving deposit |
| C. | fixed deposit |
| D. | recurring deposit |
| Answer» D. recurring deposit | |
| 249. |
When a banks make an advance to lump sum, the whole of which is withdrawn in cashimmediately by the borrowers who undertakes to repaid it in installments, it is called |
| A. | Cash credit |
| B. | loan |
| C. | Home loan |
| D. | Personal loan |
| Answer» B. loan | |
| 250. |
The Kisan credit card (KCC) is valid for normally a period of _____years subject to annual review |
| A. | 6 years |
| B. | 7 years |
| C. | 8 years |
| D. | 9 years |
| Answer» C. 8 years | |
| 251. |
Credit for the purchase of Farm equipment & machinery for agriculture operations |
| A. | Land purchase |
| B. | Farm mechanization |
| C. | Minor irrigation |
| D. | Land development |
| Answer» B. Farm mechanization | |
| 252. |
Which type of deposits gives highest rate of interest? |
| A. | Current deposit |
| B. | Fixed deposit |
| C. | Recurring deposit |
| D. | None |
| Answer» B. Fixed deposit | |
| 253. |
Which bank deals with short-term credit |
| A. | Agricultural B |
| B. | Commercial B |
| C. | Industrial B |
| D. | None |
| Answer» B. Commercial B | |
| 254. |
Which one of the following is the most important relationship between banker & customer? |
| A. | Debtor & Creditor |
| B. | Bailee&Bailor |
| C. | Agency & Principal |
| D. | Trustee & Beneficiary |
| Answer» A. Debtor & Creditor | |
| 255. |
Which one of this is not a function of commercial bank? |
| A. | Accepting deposits |
| B. | Real Estate Development |
| C. | Paying bills |
| D. | Safety Box Deposit |
| Answer» B. Real Estate Development | |
| 256. |
Maximum amount of interest can be procured from |
| A. | Savings/Demand Deposit A/c |
| B. | Recurring Deposit A/c |
| C. | Current A/c Deposit |
| D. | Fixed Deposit A/c |
| Answer» D. Fixed Deposit A/c | |
| 257. |
There is no interest on deposit in this type of account |
| A. | Current A/c |
| B. | Concurrent A/c |
| C. | Recurring A/c |
| D. | Solvency A/c |
| Answer» A. Current A/c | |
| 258. |
IDBI stand for |
| A. | International Debit Bank Incorporate |
| B. | Industrial Debit Bank of India |
| C. | Intensive Development Bank of India |
| D. | Industrial Development Bank of India |
| Answer» D. Industrial Development Bank of India | |
| 259. |
When a customer Deposits money with a bank, the customer becomes a |
| A. | Borrower |
| B. | Lender |
| C. | Agent |
| D. | Subsciber |
| Answer» B. Lender | |
| 260. |
When the customer borrows money from the bank, the bank becomes the |
| A. | Debtor |
| B. | Trustee |
| C. | Creditor |
| D. | Underwriter |
| Answer» C. Creditor | |
| 261. |
Overdraft facility can be enjoyed in which account |
| A. | Fixed Deposit A/c |
| B. | Demand Deposit A/c |
| C. | Recurring Deposit A/c |
| D. | Current A/c Deposit |
| Answer» D. Current A/c Deposit | |
| 262. |
Overdraft withdrawal is a |
| A. | Short term loan |
| B. | Medium term loan |
| C. | Long term loan |
| D. | Grant in aid |
| Answer» A. Short term loan | |
| 263. |
A kind of deposit where depositor is required to deposit a fixed amount at regular interval for a specific period is |
| A. | term deposit |
| B. | recurring deposit |
| C. | savings deposit |
| D. | fixed deposit |
| Answer» D. fixed deposit | |
| 264. |
What types of deposits earn higher interest rate? |
| A. | current account |
| B. | savings account |
| C. | Fixed deposit |
| D. | none of these |
| Answer» C. Fixed deposit | |
| 265. |
In recurring deposits, |
| A. | a fixed sum is deposited every month |
| B. | period of deposit is a fixed tenure |
| C. | interest is paid at FDR rate |
| D. | all the above |
| Answer» D. all the above | |
| 266. |
Interest on saving deposits is paid |
| A. | every month |
| B. | quarterly |
| C. | half yearly |
| D. | yearly |
| Answer» C. half yearly | |
| 267. |
The banker customer relationship in credit card payment is |
| A. | creditor-debtor |
| B. | debtor-creditor |
| C. | agent principle |
| D. | principle-agent |
| Answer» B. debtor-creditor | |
| 268. |
The credit policy of bank does not consists of? |
| A. | lending policies |
| B. | quality control |
| C. | loan product mix |
| D. | advertising of loan products |
| Answer» D. advertising of loan products | |
| 269. |
The relationship between RBI and the Bank maintaining the currency chest is that of? |
| A. | debtor and creditor |
| B. | principle and agent |
| C. | bailor and bailee |
| D. | none of these |
| Answer» B. principle and agent | |
| 270. |
------ is the rate at which the central bank rediscounts the bills of commercial banks |
| A. | Bank Rate Policy |
| B. | Central bank rate |
| C. | Credit rate |
| D. | None of these |
| Answer» A. Bank Rate Policy | |
| 271. |
___________is a kind of deposit where depositor is required to deposit a fixed amount of money every month for a specific period of time |
| A. | Term deposit |
| B. | Recurring deposit |
| C. | Savings deposit |
| D. | Fixed deposit |
| Answer» B. Recurring deposit | |
| 272. |
When a customer deposits money with a bank, the customer becomes a lender and the bank become a__________ |
| A. | Trustees |
| B. | Custodian |
| C. | Borrower |
| D. | agent |
| Answer» C. Borrower | |
| 273. |
Different types of advances are |
| A. | Loans, cash credit and overdraft |
| B. | Bill discounted and purchased |
| C. | Both (i) and (ii) |
| D. | None of the above |
| Answer» C. Both (i) and (ii) | |
| 274. |
Overdraft facilities are allowed in |
| A. | Current account only |
| B. | Savings account only |
| C. | Fixed deposit only |
| D. | Recurring deposit only |
| Answer» A. Current account only | |
| 275. |
The primary relationship between a banker and customer starts from the time |
| A. | when customer visits that bank |
| B. | when customer opens account |
| C. | when customer visits that bank to made queries |
| D. | All of the above |
| Answer» B. when customer opens account | |
| 276. |
Which of the following are the special relationship of banker and customer: |
| A. | Banker‟s obligation to honour cheques |
| B. | Banker lien |
| C. | Bankers duty to maintain secrecy of customer‟s accounts |
| D. | All of these |
| Answer» D. All of these | |
| 277. |
______________ is the right of a person to retain the property of another person in his possession untill the debt from that owner of that property is repaid |
| A. | Lien |
| B. | Retainment |
| C. | Retrenchment |
| D. | Libel |
| Answer» A. Lien | |
| 278. |
The right of set-off customers account can be exercised only by a |
| A. | Creditors |
| B. | Debtors |
| C. | Banker |
| D. | Customer |
| Answer» A. Creditors | |
| 279. |
The Governor of the Reserve Bank of India currently is: |
| A. | Raghuram G. Rajan |
| B. | Urjit Patel |
| C. | Shaktikanta Das |
| D. | NirmalaSitharaman |
| Answer» C. Shaktikanta Das | |
| 280. |
The main objective of the Reserve Bank of India is: |
| A. | accept deposits from the public |
| B. | give loans and advances |
| C. | maintain price stability |
| D. | provide remittance facilities |
| Answer» C. maintain price stability | |
| 281. |
Two types of Commercial banks have been stipulated by Section_______ of the Reserve Bank of India Act, 1934: |
| A. | 42(6)(b) |
| B. | 24(6)(b) |
| C. | 42(6)(a) |
| D. | 24 (6)(a) |
| Answer» C. 42(6)(a) | |
| 282. |
Quantitative measure for credit control by the RBI includes: |
| A. | Discriminatory Interest Rate |
| B. | Ceiling on Credit |
| C. | Cash Reserve Ratio |
| D. | Directives |
| Answer» C. Cash Reserve Ratio | |
| 283. |
There are three parties to a bank draft: |
| A. | The drawer bank branch, The drawee bank branch, The payee |
| B. | The drawee bank branch, the payee, the purchaser of the draft |
| C. | The payee, the purchaser of the draft, the drawer bank branch |
| D. | The drawer bank branch, the drawee bank branch, the purchaser of the draft |
| Answer» A. The drawer bank branch, The drawee bank branch, The payee | |
| 284. |
The legal obligation to honour cheques is subject to: |
| A. | The cheque being post-dated |
| B. | The cheque being drawn on another bank |
| C. | The cheque being drawn by the depositor |
| D. | The cheque being drawn on the account where there is insufficient balance |
| Answer» C. The cheque being drawn by the depositor | |
| 285. |
When the cash reserve ratio (CRR) is increased by the RBI, it will: |
| A. | Increase the supply of money in the economy |
| B. | Decrease the supply of money in the economy |
| C. | No impact on the supply of money in the economy |
| D. | Initially increase the supply but later on decrease automatically. |
| Answer» B. Decrease the supply of money in the economy | |
| 286. |
Agency services rendered by a bank to its customers as their agent include: |
| A. | Receipt of deposits |
| B. | Act as executors of wills |
| C. | Issue letters of credit |
| D. | Purchase foreign exchange |
| Answer» B. Act as executors of wills | |
| 287. |
Currency notes of Rupee 1 and its subsidiary coins are issued by the |
| A. | RBI |
| B. | SBI |
| C. | Ministry of Finance, Government of India |
| D. | Securities & Exchange Board of India. |
| Answer» C. Ministry of Finance, Government of India | |
| 288. |
14th Major commercial banks were nationalized in 19th July |
| A. | 1959 |
| B. | 1969 |
| C. | 1979 |
| D. | 1989 |
| Answer» B. 1969 | |
| 289. |
_________is an instrument which is used for transfer of funds |
| A. | Cheque book |
| B. | Demand draft |
| C. | Pass book |
| D. | None |
| Answer» B. Demand draft | |
| 290. |
___________are the banks whose main objectives is to provide financial assistance to economically weaker sections of the society. |
| A. | Co-operative B |
| B. | Commercial B |
| C. | Industrial B |
| D. | Development B |
| Answer» A. Co-operative B | |
| 291. |
The RBI commenced its operation from 1st April |
| A. | 1955 |
| B. | 1925 |
| C. | 1935 |
| D. | 1945 |
| Answer» C. 1935 | |
| 292. |
Which bank has given the instructions to the commercial banks regarding the immediate credit of outstation cheque? |
| A. | RBI |
| B. | Central Bank |
| C. | World Bank |
| D. | All of the above |
| Answer» A. RBI | |
| 293. |
Payment of cheque can be stopped by |
| A. | Beneficiary |
| B. | Nominee |
| C. | Drawer of cheque |
| D. | All of the above |
| Answer» C. Drawer of cheque | |
| 294. |
Bank draft is issued by |
| A. | Private Sector Bs |
| B. | Regional Rural Bs |
| C. | Public sector Bs |
| D. | All of the above |
| Answer» D. All of the above | |
| 295. |
A Central Bank is the sole authority for |
| A. | Printing and Issuing currency note |
| B. | Lending to public |
| C. | Accepting deposits from customer |
| D. | Issuing cheques |
| Answer» A. Printing and Issuing currency note | |
| 296. |
The head of the Reserve Bank of India is called |
| A. | Chairman |
| B. | President |
| C. | Governor |
| D. | Councillor |
| Answer» C. Governor | |
| 297. |
One of the main aim of a Central Bank is to control inflation, what does „inflation‟ mean? |
| A. | Saving income |
| B. | Increase export |
| C. | Maintain foreign currency |
| D. | Rising Price |
| Answer» D. Rising Price | |
| 298. |
What is bank rate? |
| A. | Rate at which a Central Bank lends money to Central Government |
| B. | Rate at which a Central Bank lends money to commercial banks |
| C. | Rate at which a Central Bank lends money to State Government |
| D. | Rate of Interest at which a Central Bank accepts deposits from Commercial Banks |
| Answer» B. Rate at which a Central Bank lends money to commercial banks | |
| 299. |
Commercial Bank as the name suggest is a bank functioning for |
| A. | Social welfare |
| B. | Public interest |
| C. | Profit motive |
| D. | Growth of industry |
| Answer» C. Profit motive | |
| 300. |
Commercial Banks make money available to public by |
| A. | A.T.M |
| B. | Honouring cheques |
| C. | Issuing money on demand from Savings A/c |
| D. | giving out loan |
| Answer» D. giving out loan | |
Done Reading?