McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Arts in Economics (BA Economics) .
| 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 | |
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