McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Bachelor of Commerce (B Com) .
| 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 | |
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