McqMate
1. |
Demand deposit also known as ___________________. |
A. | current account |
B. | fixed deposit |
C. | capital account |
D. | recurring deposit |
Answer» A. current account |
2. |
Bank places certain restriction on withdrawal for _______________ deposit. |
A. | savings deposit |
B. | demand deposit |
C. | current account |
D. | fixed deposit |
Answer» A. savings deposit |
3. |
______________ is the contribution made by the shareholders of the bank. |
A. | loans & advances |
B. | cash in hand |
C. | bills discounted |
D. | share capital |
Answer» D. share capital |
4. |
__________ was originally the home of commercial banking. |
A. | u.s.a |
B. | england |
C. | britain |
D. | germany |
Answer» D. germany |
5. |
____________ was initially the home of industrial or investment banking. |
A. | italy |
B. | england |
C. | geneva |
D. | germany |
Answer» D. germany |
6. |
The trend in India is towards ___________. |
A. | mixed banking |
B. | development banking |
C. | commercial banking |
D. | industrial banking |
Answer» A. mixed banking |
7. |
___________ to ___________ percent of total deposit is kept as cash reserve. |
A. | 5 to 10 |
B. | 11 to 15 |
C. | 8 to 11 |
D. | 9 to 11 |
Answer» D. 9 to 11 |
8. |
Commercial banks to expand deposit through expanding their loans and advances is known as ___________. |
A. | credit creation |
B. | trade discount |
C. | deposit |
D. | bank advances |
Answer» A. credit creation |
9. |
Rediscounting and giving advance the central bank changes interest at a rate which is known as __________ |
A. | crr |
B. | slr |
C. | bank rate |
D. | credit |
Answer» C. bank rate |
10. |
The nationalization of 14 commercial banks was on? |
A. | 19 july, 1969 |
B. | 15 aug, 1972 |
C. | 15april, 1980 |
D. | 19 jan, 1959 |
Answer» A. 19 july, 1969 |
11. |
The State Bank of India was established under the State Bank of India Act on? |
A. | 1935 |
B. | 1948 |
C. | 1955 |
D. | 1952 |
Answer» C. 1955 |
12. |
RBI introduced 14-day intermediate Treasury Bills and 14-day Treasury bills on? |
A. | 1994 |
B. | 1997 |
C. | 1984 |
D. | 1972 |
Answer» B. 1997 |
13. |
DIC stands for? |
A. | deposit investment corporation |
B. | deposit insurance corporation |
C. | deposit industrial corporation |
D. | development corporation of india |
Answer» C. deposit industrial corporation |
14. |
System of banking is guided by the Islamic Law called? |
A. | islamic guide |
B. | islamic banking |
C. | banking regulation act |
D. | shariat |
Answer» D. shariat |
15. |
Money at call and short notice is also known as? |
A. | capital market |
B. | inter bank call money market |
C. | financial system |
D. | financial call money |
Answer» B. inter bank call money market |
16. |
The process of credit creation by the banking system as a whole is termed as ? |
A. | multiple credit creation |
B. | primary deposit |
C. | credit creation |
D. | single bank credit system |
Answer» A. multiple credit creation |
17. |
The regulator of Indian Money market is? |
A. | sbi |
B. | commercial bank |
C. | rbi |
D. | sebi |
Answer» C. rbi |
18. |
The regulator of Indian Capital Market is? |
A. | sebi |
B. | sbi |
C. | rbi |
D. | commercial bank |
Answer» A. sebi |
19. |
Bridge Loan is also known as? |
A. | swing loan |
B. | term loan |
C. | demand loan |
D. | farm loan |
Answer» A. swing loan |
20. |
182-day Treasury bill was introduced in Indian Money Market in? |
A. | 19992 |
B. | 1972 |
C. | 1987 |
D. | 1952 |
Answer» C. 1987 |
21. |
CIBIL stands for? |
A. | credit information bureau ltd |
B. | credit information banking india ltd |
C. | credit investment bureau india ltd |
D. | credit information bureau india ltd |
Answer» D. credit information bureau india ltd |
22. |
The value of money received today will be more than a rupee tomorrow is? |
A. | time value of money |
B. | present value of money |
C. | future value of money |
D. | compound value of money |
Answer» A. time value of money |
23. |
The interest computed on the principal for the entire period of borrowings? |
A. | compound interest |
B. | simple interest |
C. | flat rate interest |
D. | floating rate interest |
Answer» B. simple interest |
24. |
The periodical interval at which interest is added is called? |
A. | floating period |
B. | compounding period |
C. | fixed period |
D. | periodic payment |
Answer» B. compounding period |
25. |
________Act offer incentive to attract people to invest in housing property. |
A. | sales tax |
B. | income tax act 1961 |
C. | banking regulations act |
D. | co-operative societies act |
Answer» B. income tax act 1961 |
26. |
Loan designed for people who wish to sell the existing home and purchase and purchase another? |
A. | bridge loan |
B. | housing loan |
C. | demand loan |
D. | personal loan |
Answer» A. bridge loan |
27. |
The first joint Stock Bank in India? |
A. | idbi |
B. | icici |
C. | imperial bank |
D. | allahabad bank |
Answer» C. imperial bank |
28. |
Repayment of an educational loan is deductable u/s_______ of the Income tax Act |
A. | 70 |
B. | 80 |
C. | 60 |
D. | 90 |
Answer» B. 80 |
29. |
BPLR means? |
A. | bench mark prime lending rate |
B. | bench mark primary money lending rate |
C. | bench mark primary loan repayment |
D. | bank primary lending rate |
Answer» A. bench mark prime lending rate |
30. |
Compound interest is calculated by applying? |
A. | ci=p(i+r)n-p |
B. | ci=p(i+r)n |
C. | ci=pnr |
D. | ci=p(i+r)(i+r)n |
Answer» A. ci=p(i+r)n-p |
31. |
If interest is changed on full amount of loan(principal) throughout the entire tenure of the loan is? |
A. | float rate |
B. | fixed rate |
C. | flat rate |
D. | diminishing rate |
Answer» C. flat rate |
32. |
The borrower repays his loan by way of fixed monthly installments to the bank is called? |
A. | equal month installment |
B. | equally managed |
C. | equated monthly installment |
D. | equated money installment |
Answer» D. equated money installment |
33. |
RBI introduced _________ scheme in 1969? |
A. | saa |
B. | village adaptation |
C. | lead bank |
D. | dir |
Answer» C. lead bank |
34. |
________act as a Consortium leader of the banking institutions in the district? |
A. | lead bank |
B. | social banking |
C. | core banking |
D. | district co-operative bank |
Answer» A. lead bank |
35. |
Who introduced micro credit system in social banking segment? |
A. | geoffery growther of prof.d.r gadgil |
B. | nobel laureate & mohammed yunus |
C. | n.d thiwari |
D. | banking regulation act 1949 |
Answer» B. nobel laureate & mohammed yunus |
36. |
“Buy now and Pay later” is the motto of a ______. |
A. | atm |
B. | debit card |
C. | credit card |
D. | micr |
Answer» C. credit card |
37. |
Credit card allow one to buy goods now and pay later called? |
A. | buying on credit |
B. | buying on debit |
C. | cash credit |
D. | cash payment |
Answer» B. buying on debit |
38. |
Card issuers, consumers, merchants and payment sever/Service producer are four parties in _________ |
A. | cheque truncation |
B. | e -purse |
C. | debit card |
D. | eft |
Answer» B. e -purse |
39. |
Bank all over the world are enter - linked through satellite provided by __________ |
A. | psam |
B. | swift |
C. | eft |
D. | neft |
Answer» B. swift |
40. |
EFT is also known as |
A. | easy fund transfer |
B. | maintenance fund transfer |
C. | exchange fund transfer |
D. | paperless banking |
Answer» D. paperless banking |
41. |
FIRPS stands for |
A. | foreign inward remittance payment scheme |
B. | foreign investment remittance payment scheme |
C. | foreign inward remittance payment system |
D. | foreign investment remittance payment system |
Answer» B. foreign investment remittance payment scheme |
42. |
____________ is a system that facilitates individuals, firms and corporate to electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country. |
A. | neft |
B. | eft |
C. | saa |
D. | rtgs |
Answer» A. neft |
43. |
In case of non-credit or delay in credit to the beneficiary account, the NEFT of the respective bank can be contacted to __________ |
A. | ecs |
B. | kyc |
C. | cfc |
D. | ifsc |
Answer» C. cfc |
44. |
___________ is an alpha-numeric code that uniquely identifies a bank branch participating NEFT System. |
A. | ifs |
B. | ifsc |
C. | fsc |
D. | rtgs |
Answer» B. ifsc |
45. |
IFTP means _________ |
A. | inter-bank finance settlement process |
B. | inter-bank fund transfer process |
C. | inter-bank fund transfer programme |
D. | inter-bank fund transfer payment |
Answer» B. inter-bank fund transfer process |
46. |
In RTGS Minimum amount to be remitted is ___________ |
A. | rs.1,00,000 |
B. | rs.2,00,000 |
C. | rs.1,50,000 |
D. | rs.50,000 |
Answer» B. rs.2,00,000 |
47. |
In India, RTGS has been implemented on ___________ |
A. | 26 march 2004 |
B. | 26 march 1998 |
C. | 26 march 1994 |
D. | 26 march 2002 |
Answer» A. 26 march 2004 |
48. |
BACS means ________ |
A. | bankers automated clearing services |
B. | bankers automatic clearing system |
C. | bankers automatic collection service |
D. | bankers automatic clearance scheme |
Answer» A. bankers automated clearing services |
49. |
ECS payment ______ code is essential |
A. | micr |
B. | rtgs |
C. | ifsc |
D. | cts |
Answer» A. micr |
50. |
MICR is a numeric code that uniquely identifies a bank-branch participating in the ________ scheme. |
A. | ifsc credit scheme |
B. | eft credit scheme |
C. | rtgs credit scheme |
D. | ecs credit scheme |
Answer» D. ecs credit scheme |
51. |
MICR is a ________ digit code. |
A. | 9 |
B. | 11 |
C. | 7 |
D. | 13 |
Answer» A. 9 |
52. |
CTS was introduced RBI in _________ |
A. | february 1995 |
B. | january 2006 |
C. | july 2004 |
D. | february 2008 |
Answer» D. february 2008 |
53. |
________ conversion of physical cheque into electronic form for transmission to the paying bank. |
A. | cts |
B. | ecs |
C. | rtgs |
D. | none of the above |
Answer» A. cts |
54. |
CORE stands for ________ |
A. | central operations of exchange |
B. | centralized online real time exchange |
C. | challenge of real time exchange |
D. | centralized online real time efficiency |
Answer» B. centralized online real time exchange |
55. |
Banking services that increasingly rest on technology and communication systems is popularly known as ___________ |
A. | hi-tech banking |
B. | internet banking |
C. | mobile banking |
D. | all the above |
Answer» A. hi-tech banking |
56. |
_________ is also called virtual banking or anywhere banking. |
A. | hi-tech banking |
B. | off shore banking |
C. | internet banking |
D. | none of the above |
Answer» C. internet banking |
57. |
_________ banking implies co-operation among group of banks for various large scale banking operations and to enjoy the economics of scale. |
A. | multiple banking |
B. | consortium banking |
C. | mixed banking |
D. | social banking |
Answer» B. consortium banking |
58. |
In _______ banking, different banks provide different banking services to a single borrower without having a common arrangement or understanding between the lenders. |
A. | mixed banking |
B. | group banking |
C. | multiple banking |
D. | off-shore banking |
Answer» C. multiple banking |
59. |
_______ banking refers to the establishment of banking unite which deal only with foreign currency denominated assets & liabilities. |
A. | unit banking |
B. | off-shore banking |
C. | foreign bank |
D. | internet banking |
Answer» B. off-shore banking |
60. |
Indian banks were nationalised in the year |
A. | 1949 |
B. | 1969 |
C. | 1959 |
D. | 1979 |
Answer» B. 1969 |
61. |
Bankers are not only purveyors of money but also an important sense they are |
A. | Consumers |
B. | Manufacturers |
C. | Lenders |
D. | Borrowers |
Answer» B. Manufacturers |
62. |
Primary functions of a commercial banks are ........... and lending |
A. | Honouring cheques |
B. | Accepting deposits |
C. | Issuing cheques |
D. | Issuing DD |
Answer» B. Accepting deposits |
63. |
The total number of public sector banks in India is |
A. | 14 |
B. | 12 |
C. | 28 |
D. | 22 |
Answer» C. 28 |
64. |
Indian Institute of Bankers is registered as............. |
A. | Trustee |
B. | Association |
C. | Joint Stock Company |
D. | Co-op society |
Answer» C. Joint Stock Company |
65. |
The head quarters of National Housing Bank is |
A. | New Delhi |
B. | Mumbai |
C. | Agra |
D. | Hyderaba |
Answer» B. Mumbai |
66. |
The Head quarters of Allahabad Bank is |
A. | Allahabad |
B. | Mumbai |
C. | Calcutta |
D. | Delhi |
Answer» C. Calcutta |
67. |
The ‘Teller System’ has been introduced by banks to......... |
A. | Canvas more customers |
B. | Make quick payment of cheque |
C. | Clarify enquiries |
D. | Advice customers |
Answer» B. Make quick payment of cheque |
68. |
Money at call and short notice of a bank is ............ |
A. | Secured advance |
B. | Bankers second line of advance |
C. | Widely distributed loans |
D. | All the above |
Answer» B. Bankers second line of advance |
69. |
The terms drawer, drawee and payee are associated with; |
A. | Cheques |
B. | Promissory notes |
C. | Delivery order |
D. | Hundies |
Answer» A. Cheques |
70. |
Where the RBI has no branch the bank which can act as its agent is; |
A. | Any commercial bank |
B. | Any nationalised bank |
C. | SBI |
D. | Indian bank |
Answer» C. SBI |
71. |
Unless otherwise specified DD or cheques is valid for a period of; |
A. | 6 months |
B. | 1 year |
C. | 3 months |
D. | One month |
Answer» C. 3 months |
72. |
RBI was nationalised in the year |
A. | 1941 |
B. | 1949 |
C. | 1943 |
D. | 1935 |
Answer» B. 1949 |
73. |
The drawee of a cheque is always.......... |
A. | Customer |
B. | Minor |
C. | Company |
D. | Bank |
Answer» D. Bank |
74. |
Commercial banks in India was organised as....... |
A. | Sole proprietorship |
B. | Joint stock company |
C. | Partnership |
D. | Joint sector |
Answer» B. Joint stock company |
75. |
In India ............. banks are nationalised in the year 1969 |
A. | 16 |
B. | 19 |
C. | 14 |
D. | 22 |
Answer» C. 14 |
76. |
Second nationalisation of commercial banks (6 banks)was in the year |
A. | 1979 |
B. | 1980 |
C. | 1984 |
D. | 1976 |
Answer» B. 1980 |
77. |
Cooperative banks are registered under............. |
A. | RBI Act |
B. | Banking Regulation Act |
C. | Co-operative societies act |
D. | Any of the above |
Answer» C. Co-operative societies act |
78. |
The first Regional Rural Bank came into existence on |
A. | 1972 |
B. | 1964 |
C. | 1975 |
D. | 1977 |
Answer» C. 1975 |
79. |
The largest public sector bank in India is |
A. | RBI |
B. | SBI |
C. | Canara Bank |
D. | Indian Overseas Bank |
Answer» B. SBI |
80. |
RRB Act was enacted in the year |
A. | 1974 |
B. | 1979 |
C. | 1975 |
D. | 1976 |
Answer» C. 1975 |
81. |
............. is the apex institution for rural development and rural credit |
A. | RBI |
B. | IDBI |
C. | NABARD |
D. | IRBI |
Answer» D. IRBI |
82. |
RBI was established in the year |
A. | 1949 |
B. | 1935 |
C. | 1964 |
D. | 1947 |
Answer» B. 1935 |
83. |
Medium term loans are meant for a period |
A. | 3-5 years |
B. | 5-10 years |
C. | Over 10 years |
D. | 1-3 years |
Answer» A. 3-5 years |
84. |
Possession of a security practically with the banker is in the case of |
A. | Mortgage |
B. | Pledge |
C. | Hypothecation |
D. | Hire purchase |
Answer» B. Pledge |
85. |
Maximum number of withdrawals permitted per half year weather by cheque or otherwise in saving bank account |
A. | 100 |
B. | 200 |
C. | 50 |
D. | No limit |
Answer» C. 50 |
86. |
The banker’s obligation to pay his customers cheque is a duty towards............ |
A. | The drawee |
B. | The drawer |
C. | The holder |
D. | The payee |
Answer» B. The drawer |
87. |
Collateral security means |
A. | Advance against supply bills |
B. | Share and debentures |
C. | Goods pledged to the bank |
D. | Additional security |
Answer» D. Additional security |
88. |
RBI issues currency notes on the basis of............ |
A. | Minimum reserve |
B. | General reserve |
C. | Proportional reserve |
D. | Gold reserve |
Answer» A. Minimum reserve |
89. |
The term “Reserve” in Reserve bank of India indicates |
A. | Reserved for govt. Business alone |
B. | It keeps reserves of all commercial banks |
C. | No special significance |
D. | It keeps foreign currency |
Answer» B. It keeps reserves of all commercial banks |
90. |
SBI was established in the year |
A. | 1954 |
B. | 1956 |
C. | 1955 |
D. | 1964 |
Answer» C. 1955 |
91. |
For opening new branch of a bank should obtain the sanction of.......... |
A. | Central government |
B. | State government |
C. | RBI |
D. | All the above |
Answer» C. RBI |
92. |
Negotiable Instrument Act was passed in the year |
A. | 1856 |
B. | 1875 |
C. | 1881 |
D. | 1882 |
Answer» C. 1881 |
93. |
NABARD is administered by |
A. | RBI |
B. | SBI |
C. | Board of Directors |
D. | Central govt. |
Answer» C. Board of Directors |
94. |
A depositor can withdraw money from the bank any number of time in............. |
A. | Fixed deposit |
B. | Savings bank |
C. | Current a/c |
D. | Recurring deposit |
Answer» C. Current a/c |
95. |
A cheque is deemed stale after |
A. | One month |
B. | 3 months |
C. | 6 months |
D. | One year |
Answer» B. 3 months |
96. |
Bank rate policy is aimed at |
A. | Development of banks |
B. | Helping loan takers |
C. | Stabilising internal price level |
D. | None of these. |
Answer» C. Stabilising internal price level |
97. |
Bank of England was established in the year |
A. | 1586 |
B. | 1612 |
C. | 1694 |
D. | 1656 |
Answer» C. 1694 |
98. |
Garnishee order is to restrain a banker from |
A. | Receiving deposit |
B. | Making payment |
C. | Accepting bills |
D. | Crossing of cheques |
Answer» B. Making payment |
99. |
A banker need not bother too much to open an account in the name of a person when receiving......... |
A. | Term deposit |
B. | Demand deposit |
C. | Saving deposit |
D. | Call deposit |
Answer» A. Term deposit |
100. |
Primary relationship between banker and customer is that of |
A. | Dealer and customer |
B. | Principal and agent |
C. | Debtor and creditor |
D. | Vender and buyer |
Answer» C. Debtor and creditor |
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