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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 |
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