McqMate
| 101. |
Bankers lien is a general lien and is |
| A. | A special type of mortgage |
| B. | An implied pledge |
| C. | A pledged transaction |
| D. | Hypothecation transaction |
| Answer» B. An implied pledge | |
| 102. |
Which country is popular for branch banking |
| A. | Britain |
| B. | China |
| C. | India |
| D. | Japan |
| Answer» A. Britain | |
| 103. |
Whose signature is affixed on currency notes |
| A. | President |
| B. | Prime Minister |
| C. | RBI governor |
| D. | Finance minister |
| Answer» C. RBI governor | |
| 104. |
A post dated cheque is one which bears; |
| A. | A date which is not more than 6 months |
| B. | Future date |
| C. | An impossible date |
| D. | Back date |
| Answer» B. Future date | |
| 105. |
A banker has the right to disclose the account position of a customer to........... |
| A. | Intimate friend |
| B. | Customers wife |
| C. | Trade reference |
| D. | Customers relatives |
| Answer» C. Trade reference | |
| 106. |
An account usually maintained by businessmen in a bank is |
| A. | Current account |
| B. | Saving bank account |
| C. | Recurring deposit account |
| D. | None of these |
| Answer» A. Current account | |
| 107. |
The system of banking attracting deposits and lending for short period is called |
| A. | Mixed banking |
| B. | Deposit banking |
| C. | Credit system |
| D. | Lending system |
| Answer» B. Deposit banking | |
| 108. |
When a loan is advanced on the basis of immovable property, it is called |
| A. | Pledge |
| B. | Hypothecation |
| C. | Mortgage |
| D. | Lien |
| Answer» C. Mortgage | |
| 109. |
When a loan is advanced on the basis of movable property, it is called |
| A. | Pledge |
| B. | Hypothecation |
| C. | Mortgage |
| D. | Lien |
| Answer» B. Hypothecation | |
| 110. |
Which of the following are not methods of credit control |
| A. | Bank rate |
| B. | Rationing credit |
| C. | Issue of notes |
| D. | Direct action |
| Answer» C. Issue of notes | |
| 111. |
The banker will refuse payment against |
| A. | Post dated cheque |
| B. | Mutilated cheque |
| C. | Insufficient fund in a/c |
| D. | All of these |
| Answer» D. All of these | |
| 112. |
The following is not a demand deposit |
| A. | Fixed deposit |
| B. | Annuity deposit |
| C. | Fixed deposit due |
| D. | All of these |
| Answer» A. Fixed deposit | |
| 113. |
A cheque bearing a back date from the date of issue is |
| A. | Stale cheque |
| B. | Post dated cheque |
| C. | Marked cheque |
| D. | Ante dated cheque |
| Answer» D. Ante dated cheque | |
| 114. |
Banker lien shall not exercise upon |
| A. | Cheques for collection |
| B. | Bills for collection |
| C. | Call deposit |
| D. | Safe custody deposits |
| Answer» D. Safe custody deposits | |
| 115. |
Key loans are usually allowed on |
| A. | Buildings |
| B. | Goods under safe custody |
| C. | Goods in transit |
| D. | Goods for sale |
| Answer» D. Goods for sale | |
| 116. |
The country popular for unit banking is |
| A. | Russia |
| B. | India |
| C. | America |
| D. | Britain |
| Answer» C. America | |
| 117. |
Overdraft facility is allowed to reputed customers on |
| A. | SB account |
| B. | Current account |
| C. | Fixed deposit |
| D. | Call deposit |
| Answer» B. Current account | |
| 118. |
The authority controlling the clearing house scheme is |
| A. | RBI |
| B. | SBI |
| C. | SEBI |
| D. | Govt. |
| Answer» A. RBI | |
| 119. |
Crossing of a cheque can be done by |
| A. | Drawer only |
| B. | Payee only |
| C. | Any holder |
| D. | None of these |
| Answer» C. Any holder | |
| 120. |
Cash Reserve Ratio of banks is insisted in RBI Act of 1934 under section |
| A. | 15 |
| B. | 42 |
| C. | 32 |
| D. | 18 |
| Answer» B. 42 | |
| 121. |
In order to determine a cheque valid or not one has to examine.......... |
| A. | Actual date of issue |
| B. | Date of receipt by payee |
| C. | Date of endorsement |
| D. | Date that cheque bears |
| Answer» D. Date that cheque bears | |
| 122. |
RBI is an example of |
| A. | Chartered company |
| B. | Statutory company |
| C. | Registered company |
| D. | Unlimited company |
| Answer» B. Statutory company | |
| 123. |
A bank draft is drawn by |
| A. | Customer |
| B. | Bank |
| C. | Trader |
| D. | Any of the above |
| Answer» B. Bank | |
| 124. |
Pledge means........ |
| A. | Advance against goods |
| B. | To draw over and above deposit |
| C. | Bailment of goods as security |
| D. | Mortgage of building |
| Answer» C. Bailment of goods as security | |
| 125. |
One Rupee notes is issued by |
| A. | RBI |
| B. | SBI |
| C. | Ministry of Finance |
| D. | Both RBI and Govt. |
| Answer» C. Ministry of Finance | |
| 126. |
A place where representatives of banks meet to settle cheques for collection |
| A. | Bankers club |
| B. | Acceptance bank |
| C. | Clearing house |
| D. | Discount house |
| Answer» C. Clearing house | |
| 127. |
Which of the following is subsidiary function of a bank |
| A. | Accepting deposit |
| B. | Granting credit |
| C. | Safe custodial service |
| D. | Banking services |
| Answer» D. Banking services | |
| 128. |
Ownership of IDBI is vested with |
| A. | RBI |
| B. | Govt. Of India |
| C. | SBI |
| D. | SIDBI |
| Answer» B. Govt. Of India | |
| 129. |
Credit card system was firstly developed in.......... |
| A. | Bank of England |
| B. | Bank of America |
| C. | RBI |
| D. | Bank of Tokyo |
| Answer» B. Bank of America | |
| 130. |
Call deposit is modified form of................ |
| A. | Fixed deposit |
| B. | Demand draft |
| C. | Term deposit |
| D. | SB deposit |
| Answer» D. SB deposit | |
| 131. |
The EXIM bank established in the year |
| A. | 1982 |
| B. | 1992 |
| C. | 1998 |
| D. | 1975 |
| Answer» A. 1982 | |
| 132. |
NABARD was established in the year |
| A. | 1986 |
| B. | 1982 |
| C. | 1990 |
| D. | 1964 |
| Answer» B. 1982 | |
| 133. |
Lead Bank scheme was introduced by RBI in the year |
| A. | 1986 |
| B. | 1969 |
| C. | 1975 |
| D. | 1980 |
| Answer» B. 1969 | |
| 134. |
Rule of Claytons Case is related with |
| A. | Fixed deposit |
| B. | Appropriation of debt |
| C. | Cash credit |
| D. | Term loans |
| Answer» B. Appropriation of debt | |
| 135. |
Garnishee order is issued by |
| A. | State govt. |
| B. | Central govt. |
| C. | RBI |
| D. | Court of law |
| Answer» D. Court of law | |
| 136. |
Scheduled bank is one................. |
| A. | Which is included in II schedule of RBI |
| B. | Which is included in II schedule of Banking Regulation act |
| C. | Institution dealing in money |
| D. | Which gives loan to SC/ST |
| Answer» A. Which is included in II schedule of RBI | |
| 137. |
SBI was set up by nationalising |
| A. | Bank of Calcutta |
| B. | Imperial bank |
| C. | National Provincial bank |
| D. | Bharath bank |
| Answer» B. Imperial bank | |
| 138. |
A bankers lien is |
| A. | General |
| B. | Particular |
| C. | Proportional |
| D. | Specific |
| Answer» A. General | |
| 139. |
Number of subsidiary banks of SBI is |
| A. | 5 |
| B. | 10 |
| C. | 14 |
| D. | 7 |
| Answer» D. 7 | |
| 140. |
Signature of one rupee note is of..... |
| A. | RBI Governor |
| B. | Finance secretary |
| C. | President of India |
| D. | Finance Minister |
| Answer» B. Finance secretary | |
| 141. |
Origin of banking is said to be closely connected with |
| A. | Arabs |
| B. | Romans |
| C. | Indians |
| D. | Jews |
| Answer» D. Jews | |
| 142. |
The best example of pure commercial banking is |
| A. | British banking |
| B. | German banking |
| C. | Indian banking |
| D. | Japanese banking |
| Answer» A. British banking | |
| 143. |
Which country’s banking is regarded as best example of mixed banking |
| A. | Germany |
| B. | USA |
| C. | Britain |
| D. | India |
| Answer» A. Germany | |
| 144. |
Money at call is otherwise known as.......... |
| A. | Overdraft |
| B. | Overnight money |
| C. | Credit card |
| D. | Cash credit |
| Answer» B. Overnight money | |
| 145. |
............ bank is one which specialise in financing foreign trade of a country |
| A. | Unit |
| B. | Branch |
| C. | Overseas |
| D. | Exchange |
| Answer» D. Exchange | |
| 146. |
“A central bank is an institution charged with responsibility of regulating supply and cost of money in the interest of general public”. This definition was made by; |
| A. | H L Hart |
| B. | Keynes |
| C. | John Paget |
| D. | Dudley Johnson |
| Answer» D. Dudley Johnson | |
| 147. |
Commercial bank can be either unit banking type or ----------- banking type. |
| A. | Central |
| B. | Branch |
| C. | Specialised |
| D. | Rural |
| Answer» B. Branch | |
| 148. |
Discounting of bills of exchange is.......... function of commercial banks |
| A. | Lending |
| B. | Borrowing |
| C. | Investment |
| D. | Agency |
| Answer» A. Lending | |
| 149. |
Industrial banks are also called .......... as they subscribing the securities issued by the industrial concerns. |
| A. | Share banks |
| B. | Loan banks |
| C. | Development banks |
| D. | Investment bank |
| Answer» D. Investment bank | |
| 150. |
IDBI and IFCI are examples of........... |
| A. | Commercial bank |
| B. | Co-operative bank |
| C. | Industrial bank |
| D. | Unit bank |
| Answer» C. Industrial bank | |
| 151. |
International Bank for Reconstruction and Development is popularly known as |
| A. | International bank |
| B. | Overseas bank |
| C. | World bank |
| D. | IMF |
| Answer» C. World bank | |
| 152. |
Payment of premium by a commercial bank is a part of their........ System. |
| A. | Deposit |
| B. | Agency |
| C. | Exchange |
| D. | Utility |
| Answer» B. Agency | |
| 153. |
Unit banks are linked with bigger banks by a system called........ |
| A. | Mixed banking |
| B. | Group banking |
| C. | Correspondent banking |
| D. | Network banking |
| Answer» C. Correspondent banking | |
| 154. |
Bank is a “factory” of............. |
| A. | Cash |
| B. | Coins |
| C. | Credit |
| D. | Deposit |
| Answer» C. Credit | |
| 155. |
NPA stands for............. |
| A. | Normal Profit Achievement |
| B. | Nonperforming Assets |
| C. | Non profit Advances |
| D. | Non performing Agents |
| Answer» B. Nonperforming Assets | |
| 156. |
Commercial banks act as income tax consultant. This is a.............. function. |
| A. | Lending |
| B. | Utility |
| C. | Agency |
| D. | Demand. |
| Answer» B. Utility | |
| 157. |
.......... Ratio refers to that portion of total deposits of commercial bank which it has to keep with central bank in the form of cash reserve. |
| A. | SLR |
| B. | CRR |
| C. | PLR |
| D. | REPO |
| Answer» B. CRR | |
| 158. |
Non Banking Financial Corporation’s (NBFCs) are otherwise known as........... |
| A. | Narrow banks |
| B. | Para banks |
| C. | Virtual banks |
| D. | Link banks |
| Answer» B. Para banks | |
| 159. |
Maximum period for which deposits can be obtained by a NBFC is |
| A. | 5 years |
| B. | 15 years |
| C. | 10 years |
| D. | 2 years |
| Answer» C. 10 years | |
| 160. |
In banking sector, KYC stands for |
| A. | Kid and young customers |
| B. | Know youth creditors |
| C. | Know your customers |
| D. | Know your cash requirements. |
| Answer» C. Know your customers | |
| 161. |
The process of replacing physical cheque with electronic cheque is.......... |
| A. | Demat |
| B. | Remat |
| C. | Truncation |
| D. | Securitisation |
| Answer» C. Truncation | |
| 162. |
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFASIA) came into effect on............. |
| A. | Jan 2002 |
| B. | June 2002 |
| C. | May 2000 |
| D. | April 2001 |
| Answer» B. June 2002 | |
| 163. |
Commission recommended for the formation of RBI is |
| A. | Narasimham commission |
| B. | Tandem commission |
| C. | Hil Ton Young commission |
| D. | None of these. |
| Answer» C. Hil Ton Young commission | |
| 164. |
Dues made by debtors are............... |
| A. | NPA |
| B. | NPS |
| C. | CRR |
| D. | PLR |
| Answer» A. NPA | |
| 165. |
---------- represents the rate at which the central bank absorbs liquidity from the banks |
| A. | Repo |
| B. | CRR |
| C. | PLR |
| D. | Reverse Repo |
| Answer» D. Reverse Repo | |
| 166. |
The first foreign bank which introduced merchant bank in India is |
| A. | Grindlays bank |
| B. | HSBC |
| C. | City bank |
| D. | Ceylon bank |
| Answer» A. Grindlays bank | |
| 167. |
The first Indian public sector bank which introduced its own merchant bank division in India |
| A. | Canara bank |
| B. | PNB |
| C. | SBI |
| D. | Syndicate bank |
| Answer» C. SBI | |
| 168. |
Which of the following is quantitative measure of credit control of RBI |
| A. | Direct action |
| B. | Moral suasion |
| C. | Open market operation |
| D. | Margin requirement |
| Answer» C. Open market operation | |
| 169. |
Banking Regulation Act passed in the year |
| A. | 1969 |
| B. | 1934 |
| C. | 1949 |
| D. | 1956 |
| Answer» C. 1949 | |
| 170. |
The first development bank in India is |
| A. | IDBI |
| B. | IFCI |
| C. | ICICI |
| D. | SIDBI |
| Answer» B. IFCI | |
| 171. |
ICICI was established in the year |
| A. | 1980 |
| B. | 1948 |
| C. | 1955 |
| D. | 1964 |
| Answer» C. 1955 | |
| 172. |
SIDBI was established as a wholly owned subsidiary of.......... |
| A. | IFCI |
| B. | SFC |
| C. | IDBI |
| D. | RBI |
| Answer» C. IDBI | |
| 173. |
The apex development bank in India is |
| A. | IFCI |
| B. | IDBI |
| C. | SIDBI |
| D. | RBI |
| Answer» B. IDBI | |
| 174. |
The apex financial institution in India is |
| A. | IFCI |
| B. | IDBI |
| C. | NABARD |
| D. | RBI |
| Answer» D. RBI | |
| 175. |
ATM stands for........... |
| A. | Any Time Money |
| B. | Automatic Teller machine |
| C. | Automated Teller Machine |
| D. | Automatic Transfer Money |
| Answer» C. Automated Teller Machine | |
| 176. |
Central Land Mortgage Bank was started in Madras in |
| A. | 1920 |
| B. | 1921 |
| C. | 1922 |
| D. | 1929 |
| Answer» D. 1929 | |
| 177. |
Central Co-operative banks are organised at........... level |
| A. | Taluk |
| B. | District |
| C. | State |
| D. | National |
| Answer» B. District | |
| 178. |
Head quarters of RBI is |
| A. | New Delhi |
| B. | Mumbai |
| C. | Calcutta |
| D. | Nasik |
| Answer» B. Mumbai | |
| 179. |
Head quarters of NABARD is |
| A. | New Delhi |
| B. | Mumbai |
| C. | Calcutta |
| D. | Nasik |
| Answer» B. Mumbai | |
| 180. |
Area of operation of RRB comprises of |
| A. | One or more district |
| B. | A state |
| C. | Two or more states |
| D. | Taluk |
| Answer» A. One or more district | |
| 181. |
Chairman of NABARD is appointed by |
| A. | UPSC |
| B. | SSC |
| C. | RBI |
| D. | Central Govt. |
| Answer» D. Central Govt. | |
| 182. |
LAB stands for...... |
| A. | Lead Area Bank |
| B. | Local Area Bank |
| C. | Lending and Borrowing |
| D. | Leading and Banking |
| Answer» B. Local Area Bank | |
| 183. |
Largest bank in the world (asset wise) is....... |
| A. | BNP Paribus |
| B. | SBI |
| C. | German Bank |
| D. | British Bank of Middle East |
| Answer» A. BNP Paribus | |
| 184. |
Largest bank in the world in branches is....... |
| A. | BNP Paribus |
| B. | SBI |
| C. | German Bank |
| D. | HSBC |
| Answer» B. SBI | |
| 185. |
The present Governor of RBI is |
| A. | Bimal Jalan |
| B. | Subba Rao |
| C. | Raghuram Rajan |
| D. | Rangarajan |
| Answer» C. Raghuram Rajan | |
| 186. |
Industrial Reconstruction Bank of India(IRBI) was established in the year |
| A. | 1961 |
| B. | 1960 |
| C. | 1985 |
| D. | 1975 |
| Answer» C. 1985 | |
| 187. |
............ is “Pay later product” |
| A. | Debit card |
| B. | ATM card |
| C. | Credit card |
| D. | Both a&b |
| Answer» C. Credit card | |
| 188. |
............ is “Pay now product” |
| A. | Debit card |
| B. | ATM card |
| C. | Credit card |
| D. | Charge card |
| Answer» A. Debit card | |
| 189. |
Banking Ombudsman was established in........... |
| A. | 1993 |
| B. | 1997 |
| C. | 1995 |
| D. | 1987 |
| Answer» C. 1995 | |
| 190. |
Another name of credit card is....... |
| A. | Debit card |
| B. | Money card |
| C. | Plastic money |
| D. | Card money |
| Answer» C. Plastic money | |
| 191. |
Credit card was first time launched in the world by.......... |
| A. | British bank |
| B. | Bank of America |
| C. | HSBC |
| D. | SBI |
| Answer» B. Bank of America | |
| 192. |
“Either of Survivor” account in a bank is............account |
| A. | Minors Account |
| B. | Joint account |
| C. | Saving account |
| D. | Double account |
| Answer» B. Joint account | |
| 193. |
RTGS stands for......... |
| A. | Rural Transactions of Government services |
| B. | Real Time Gross Settlement |
| C. | Recurring and Term Gross Savings |
| D. | Real Time Government Service |
| Answer» B. Real Time Gross Settlement | |
| 194. |
A Head quarter of SIDBI is.......... |
| A. | New Delhi |
| B. | Mumbai |
| C. | Calcutta |
| D. | Lucknow |
| Answer» D. Lucknow | |
| 195. |
The first new generation bank starts its operation in India |
| A. | ICICI |
| B. | HDFC |
| C. | AXIS bank |
| D. | Centurion |
| Answer» A. ICICI | |
| 196. |
The first new private sector bank is............... |
| A. | HDFC bank |
| B. | ICICI bank |
| C. | Centurion bank |
| D. | UTI bank |
| Answer» D. UTI bank | |
| 197. |
Money lenders in Kerala come under purview of........ |
| A. | Banking Regulation Act |
| B. | Indian Companies Act |
| C. | Kerala Banking Regulation Act |
| D. | Kerala Money lenders Act |
| Answer» D. Kerala Money lenders Act | |
| 198. |
Imperial bank of India was established by amalgamation of .......... presidency banks |
| A. | 3 |
| B. | 5 |
| C. | 7 |
| D. | 10 |
| Answer» A. 3 | |
| 199. |
Custodian of National Rural Credit Stabilisation Fund |
| A. | RBI |
| B. | SBI |
| C. | NABARD |
| D. | ARBI |
| Answer» C. NABARD | |
| 200. |
Number of public sector Banks in India |
| A. | 14 |
| B. | 20 |
| C. | 21 |
| D. | 28 |
| Answer» D. 28 | |
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