McqMate
| 201. |
The term bank is derived from the German word ‘Banc’ which means……. |
| A. | Security |
| B. | Safety |
| C. | Money |
| D. | Joint stock fund |
| Answer» D. Joint stock fund | |
| 202. |
On…………14 banks with deposit of 50 crores or more taken over by the Government of India |
| A. | 1st April 1947 |
| B. | 19th July 1969 |
| C. | 1st November 1954 |
| D. | 31st March 1975 |
| Answer» B. 19th July 1969 | |
| 203. |
How many banks were nationalized India in the second stretch? |
| A. | 6 |
| B. | 9 |
| C. | 10 |
| D. | 15 |
| Answer» A. 6 | |
| 204. |
Schedule banks are those banks which are included in the …………. |
| A. | Second schedule of the Reserve Bank of India Act 1934 |
| B. | Third schedule of the Reserve Bank of India Act 1934 |
| C. | Fifth schedule of the Reserve Bank of India Act 1934 |
| D. | None of the above |
| Answer» A. Second schedule of the Reserve Bank of India Act 1934 | |
| 205. |
………..is continues arrangement between a Commercial Bank and a business concern for the purchase of book debt of the business concern. |
| A. | Leasing |
| B. | Venture capital finance |
| C. | Factoring |
| D. | Credit rating |
| Answer» C. Factoring | |
| 206. |
Who regulates the money circulation in India? |
| A. | SBI |
| B. | RBI |
| C. | NABARD |
| D. | Commercial Banks |
| Answer» B. RBI | |
| 207. |
Reserve Bank of India was nationalized in the Year |
| A. | 1947 |
| B. | 1948 |
| C. | 1949 |
| D. | 1950 |
| Answer» C. 1949 | |
| 208. |
What is the expansion of IDBI? |
| A. | Industrial development bank of India |
| B. | Institutional development bank of India |
| C. | Insurance development bank of India |
| D. | None of the above |
| Answer» A. Industrial development bank of India | |
| 209. |
Credit rationing is a…………. method of credit control |
| A. | Quantitative |
| B. | Qualitative |
| C. | Direct |
| D. | Continues credit control |
| Answer» B. Qualitative | |
| 210. |
“Sans recourse” means…. |
| A. | I am not afraid |
| B. | Do not touch me |
| C. | Ask the drawer |
| D. | Without liability to me |
| Answer» D. Without liability to me | |
| 211. |
The first bank established in India was…. |
| A. | Bank of Bengal |
| B. | Bank of Hindustan |
| C. | Allahabad Bank |
| D. | Punjab National Bank |
| Answer» B. Bank of Hindustan | |
| 212. |
“Customer” is defined in …………. |
| A. | Banking Regulation Act |
| B. | Negotiable instrument Act |
| C. | RBI Act |
| D. | None of these |
| Answer» D. None of these | |
| 213. |
Internet is the cheapest of all banking channel and helps banks to gain substantially in terms of……. Cost |
| A. | Auditing |
| B. | Deposit |
| C. | Investment |
| D. | Transaction |
| Answer» D. Transaction | |
| 214. |
The RBI was originally constituted as a shareholder bank with a share capital of …. |
| A. | 50 lakh |
| B. | 100 lakh |
| C. | 10 crore |
| D. | 5 crore |
| Answer» D. 5 crore | |
| 215. |
………..constitute the largest source of funds for the bank |
| A. | Cash |
| B. | Loan |
| C. | Deposit |
| D. | Commission |
| Answer» C. Deposit | |
| 216. |
Collection of cheques for the customer is a ……………… function of banks |
| A. | Agency |
| B. | Trustee |
| C. | lending |
| D. | Innovative |
| Answer» A. Agency | |
| 217. |
After a customer closed his account….. |
| A. | The banker is not liable to observe the secrecy of his account |
| B. | The banker still liable to keep secrecy |
| C. | The banker’s duty of secrecy comes to an end in terms of the provisions of the Negotiable Instrument Act |
| D. | None of the above. |
| Answer» B. The banker still liable to keep secrecy | |
| 218. |
A mandate may continue to be operative even in the case of………………. |
| A. | Death of the agent |
| B. | Lunacy of the agent |
| C. | Insolvency of the agent |
| D. | None of these |
| Answer» C. Insolvency of the agent | |
| 219. |
A document issued by the bank to acknowledge the receipt of a fixed sum of money deposited…. Is called |
| A. | Collection receipt |
| B. | Pay in slip |
| C. | Fixed deposit receipt |
| D. | Bond |
| Answer» C. Fixed deposit receipt | |
| 220. |
The endorser will not liable to the holder on dishonor of a negotiable instrument if he makes…. |
| A. | Sans-recourse endorsement |
| B. | Facultative endorsement |
| C. | Sans-frais endorsement |
| D. | None of the above |
| Answer» A. Sans-recourse endorsement | |
| 221. |
The relationship between a banker and its customer is basically …… |
| A. | A debtor and a creditor |
| B. | A trustee and the beneficiary |
| C. | A principal and agent |
| D. | None of the above |
| Answer» A. A debtor and a creditor | |
| 222. |
Cancellation of crossing can be done by |
| A. | Holder of the cheque |
| B. | payee of the cheque |
| C. | Drawer of the cheque |
| D. | None of the above |
| Answer» C. Drawer of the cheque | |
| 223. |
Merchant banking includes |
| A. | Managing issues of shares |
| B. | Opening branches in mandis or bazaars |
| C. | Financing intermediary businessman |
| D. | None of the above |
| Answer» A. Managing issues of shares | |
| 224. |
Banks create money by |
| A. | Liberal credit |
| B. | Differential instrument |
| C. | Accepting deposit |
| D. | All of the above |
| Answer» D. All of the above | |
| 225. |
….banks are those banks which are incorporated outside India and their head offices are also situated outside India |
| A. | Foreign banks |
| B. | Scheduled banks |
| C. | Non- scheduled banks |
| D. | Commercial banks |
| Answer» A. Foreign banks | |
| 226. |
Who is authorized to issue coins in India? |
| A. | RBI |
| B. | Ministry of finance |
| C. | SBI |
| D. | None of these |
| Answer» B. Ministry of finance | |
| 227. |
NABARD is a … |
| A. | Department of RBI |
| B. | Wholly owned subsidiary of RBI |
| C. | Subsidiary of RBI |
| D. | None of the above |
| Answer» D. None of the above | |
| 228. |
The banker advances money against immovable property only when the property is….. to the banker |
| A. | Mortgaged |
| B. | Pledged |
| C. | Hypothecated |
| D. | None of these |
| Answer» A. Mortgaged | |
| 229. |
Lead banking scheme is meant for….. |
| A. | Widening banking service |
| B. | Modernizing banking service |
| C. | Channelizing credit |
| D. | Increasing profit of Commercial Banks |
| Answer» A. Widening banking service | |
Done Reading?