390+ Banking and Insurance Solved MCQs
Commercial banks to expand deposit through expanding their loans and advances is known as--------.
Rediscounting and giving advance the central bank charges interest at a rate which is known as --------------.
The nationalization of 14 commercial bank was on -----------------------.
The State Bank of India was established under the State Bank of India Act on ----------------.
----------------commission recommended the formation of a central bank in 1926.
Overdraft is a credit facility granted by commercial bank to------------- holders.
Money at call and short notice is also known as----------------------.
Creation of derivative deposit out of the money from primary deposit is called---------------------
The first joint stock Bank in India?
“Buy now pay latter” is the motto of a---------------------
E-purse is a prepaid card and is known as -----------------.
----------------means the transfer of money from one bank a/c to another electronically
Bank a/c over the world are inter-linked through satellite provided by------------------.
In India , RTGS has been implemented on --------- .
-------------is a funds transfer mechanism where account to another bank account is real time.
MICR is a------------------digital code.
CTS was introduced RBI in-------.
------------------------ Conversion of physical cheque into electronic form for transmission to the paying bank.
CORE stands for---------------- .
Banking services that increasingly rest on technology and communication system is popularly known as ---------------.
----------- is also called Virtual Banking or anywhere banking.
Deposit are secondary or derived from the primary deposits is known as-------------.
The Govt. delegates the right of--------------to the central bank.
The deposit balances kept by all commercial banks with the central bank are known as---------.
----------lender of last resort.
When customer offers immovable property like land and building as security for a loan, charge thereon is created by means of--------------.
The banking Ombudsman scheme was first introduced in-----------.
--------------is a quasi judicial authority appointed by the RBI to redress customer complaints against certain deficiency in banking services.
To constitute a -----------there must be some recognizable course or habit of dealing in the regular banking business.
A fixed deposit is meant for those investors who want to deposit a ----------- of money for a fixed deposit.
--------------are running a/c with unlimited operational facilities.
Current a/c are also called-------------.
The minimum period for which a commercial bank can accept term deposit is ----------.
Interest on fixed deposit is compounded-------------.
The minimum investment of recurring deposit varies---------.
----------a/c is opened by NRIs in Indian Banks
------------ is an anti money laundering measure specified in the prevention of money laundering act 2002.
A cheque is-------------------.
As per the Act Negotiable instrument means--------
Bill of exchange is a------------
---------cheque is easily transferred from one person to another by mere delivery
The payees name is written on the cheque is called-----------.
-----------cheque cannot be transferred from one person to another person by mere delivery.
A cheque can be crossed by drawing two transverse parallel lines through top left corner of cheque is called -------------.
If a cheque is torn into two or more pieces and presented for payment is called a-------------
Cheque in which the drawer mentions the date earlier to the date of presenting it for payment is called -----------
If a cheque has bears a date which is yet to come is termed as a
-------------- is a person who became the possessor or payee of a negotiable instrument for a consideration.
---------------cheque is generated written and signed electronically .
The physical monument of a paper cheque is sued stop is
In general crossing two ______ transverse lines are compulsory
__________ means signing on the back of negotiable instrument with a view to transfer the title in the instrument to another person
Cheque contains a previous date is_____________
NABARD was set up on
________ is one of the aspects of Micro Finance
__________is the provision of credit service to poor clients
________ is the apex co-operative bank in a state
The nationalization of 14 major commercial bank was in June 1969 & six more banks were nationalized in April
Demand deposits are those which can be withdrawn ------------------
Current deposits are not entitled to-------------------.
Introduction in all deposits account is ----------------.
Sec 138 state that drawer of a cheque is liable to be punished if the cheque is bounded for-----------.
When a drawer draws a cheque without keeping sufficient balance and if the cheque is dishonored for insufficient funds, the drawer is punishable with and imprisonment which may extend to -------- and or a fine.
Where the signature of the drawer of a cheque is not genuine such a cheque is called --------------
A banker on whom a cheque is drawn by the customer is-----------------------.
A banker who collects a cheque for and on behalf of his customer is-----------------.
When a banker makes payment of a cheque after making hour he will be held ---------.
One of the conditions to honour the cheque by the paying banker is that amount in figures and words should---------.
Where a customer by a letter has advised the bank directing the banker not to honour/pay a particular cheque such a letter is called
Where a customer has issued a cheque date of which is yet to come such a cheque is called ---------.
Promissory notes, bills of exchange and cheque are together defined as--------------.
N1 are easily ----------.
A cheque is drawn on a -----------------.
A cheque is payable on-----------------
Two parallel transfers lines across the cheque is called --------------.
Crossing is a direction to the---------------bank to pay the cheque to the payee through a bank.
When a cheque is drawn on a bank, the banker is called the___________
The crossing ina crossed cheque can be cancelled by--------------------------
Acts done honestly is called the acts done
Mere signature of the payee on the reverse of the instrument is called ___________endorsement
“ Sans resource” means________________
Garnishee order is issued by__________
Mandate is-----------------
Reserve bank was constituted under
Banking companies are licensed by _______________
E banking customers need not visit the bank , to meet cash requirement of self through
Tele-Banking services function is available with bank computers , based on
Benefits of e-banking to consumer
Banking regulation act was passed in …………………..
Which of the following limits the power of credit creation by commercial banks
The institution that provides long term loan to industries
The banks which are owned and controlled by government
How many banks were nationalized in 1969
HDFC bank is an example of ………………………………………
……………………………… is the central bank of India
Accepting deposits and lending money is the ………………………………………….function of commercial banks
CRR stands for ……………………………………………….
EMI stands for ………………………………………………
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