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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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