MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
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» D. vender and buyer | |
| 2. |
A banker need not bother too much to open an account in the name of a person whenreceiving......... |
| A. | term deposit |
| B. | demand deposit |
| C. | saving deposit |
| D. | call deposit |
| Answer» B. demand deposit | |
| 3. |
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» C. a pledged transaction | |
| 4. |
Which country is popular for branch banking |
| A. | britain |
| B. | china |
| C. | india |
| D. | japan |
| Answer» B. china | |
| 5. |
Whose signature is affixed on currency notes |
| A. | president |
| B. | prime minister |
| C. | rbi governor |
| D. | finance minister |
| Answer» D. finance minister | |
| 6. |
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» C. an impossible date | |
| 7. |
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» D. customers relatives | |
| 8. |
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» B. saving bank account | |
| 9. |
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» C. credit system | |
| 10. |
When a loan is advanced on the basis of immovable property, it is called |
| A. | pledge |
| B. | hypothecation |
| C. | mortgage |
| D. | lien |
| Answer» D. lien | |
| 11. |
When a loan is advanced on the basis of movable property, it is called |
| A. | pledge |
| B. | hypothecation |
| C. | mortgage |
| D. | lien |
| Answer» C. mortgage | |
| 12. |
Which of the following are not methods of credit control |
| A. | bank rate |
| B. | rationing credit |
| C. | issue of notes |
| D. | direct action |
| Answer» D. direct action | |
| 13. |
The banker will refuse payment against |
| A. | post dated cheque |
| B. | mutilated cheque |
| C. | insufficient fund in a/c |
| D. | all of these |
| Answer» E. | |
| 14. |
The following is not a demand deposit |
| A. | fixed deposit |
| B. | annuity deposit |
| C. | fixed deposit due |
| D. | all of these |
| Answer» B. annuity deposit | |
| 15. |
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» E. | |
| 16. |
Banker lien shall not exercise upon |
| A. | cheques for collection |
| B. | bills for collection |
| C. | call deposit |
| D. | safe custody deposits |
| Answer» E. | |
| 17. |
Crossing of a cheque can be done by |
| A. | drawer only |
| B. | payee only |
| C. | any holder |
| D. | none of these |
| Answer» D. none of these | |
| 18. |
Key loans are usually allowed on |
| A. | buildings |
| B. | goods under safe custody |
| C. | goods in transit |
| D. | goods for sale |
| Answer» E. | |
| 19. |
The country popular for unit banking is |
| A. | russia |
| B. | india |
| C. | america |
| D. | britain |
| Answer» D. britain | |
| 20. |
Overdraft facility is allowed to reputed customers on |
| A. | sb account |
| B. | current account |
| C. | fixed deposit |
| D. | call deposit |
| Answer» C. fixed deposit | |
| 21. |
The authority controlling the clearing house scheme is |
| A. | rbi |
| B. | sbi |
| C. | sebi |
| D. | govt. |
| Answer» B. sbi | |
| 22. |
Cash Reserve Ratio of banks is insisted in RBI Act of 1934 under section |
| A. | 15 |
| B. | 42 |
| C. | 32 |
| D. | 18 |
| Answer» C. 32 | |
| 23. |
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» E. | |
| 24. |
RBI is an example of |
| A. | chartered company |
| B. | statutory company |
| C. | registered company |
| D. | unlimited company |
| Answer» C. registered company | |
| 25. |
A bank draft is drawn by |
| A. | customer |
| B. | bank |
| C. | trader |
| D. | any of the above |
| Answer» C. trader | |
| 26. |
Pledge means........ |
| A. | advance against goods |
| B. | to draw over and above deposit |
| C. | bailment of goods as security |
| D. | mortgage of building |
| Answer» D. mortgage of building | |
| 27. |
One Rupee notes is issued by |
| A. | rbi |
| B. | sbi |
| C. | ministry of finance |
| D. | both rbi and govt. |
| Answer» D. both rbi and govt. | |
| 28. |
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» D. discount house | |
| 29. |
Which of the following is subsidiary function of a bank |
| A. | accepting deposit |
| B. | granting credit |
| C. | safe custodial service |
| D. | banking services |
| Answer» E. | |
| 30. |
Call deposit is modified form of................ |
| A. | fixed deposit |
| B. | demand draft |
| C. | term deposit |
| D. | sb deposit |
| Answer» E. | |
| 31. |
Ownership of IDBI is vested with |
| A. | rbi |
| B. | govt. of india |
| C. | sbi |
| D. | sidbi |
| Answer» C. sbi | |
| 32. |
Credit card system was firstly developed in.......... |
| A. | bank of england |
| B. | bank of america |
| C. | rbi |
| D. | bank of tokyo |
| Answer» C. rbi | |
| 33. |
The EXIM bank established in the year |
| A. | 1982 |
| B. | 1992 |
| C. | 1998 |
| D. | 1975 |
| Answer» B. 1992 | |
| 34. |
NABARD was established in the year |
| A. | 1986 |
| B. | 1982 |
| C. | 1990 |
| D. | 1964 |
| Answer» C. 1990 | |
| 35. |
Lead Bank scheme was introduced by RBI in the year |
| A. | 1986 |
| B. | 1969 |
| C. | 1975 |
| D. | 1980 |
| Answer» C. 1975 | |
| 36. |
Rule of Claytons Case is related with |
| A. | fixed deposit |
| B. | appropriation of debt |
| C. | cash credit |
| D. | term loans |
| Answer» C. cash credit | |
| 37. |
Garnishee order is issued by |
| A. | state govt. |
| B. | central govt. |
| C. | rbi |
| D. | court of law |
| Answer» E. | |
| 38. |
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» B. which is included in ii schedule of banking regulation act | |
| 39. |
SBI was set up by nationalising |
| A. | bank of calcutta |
| B. | imperial bank |
| C. | national provincial bank |
| D. | bharath bank |
| Answer» C. national provincial bank | |
| 40. |
A bankers lien is |
| A. | general |
| B. | particular |
| C. | proportional |
| D. | specific |
| Answer» B. particular | |
| 41. |
Number of subsidiary banks of SBI is |
| A. | 5 |
| B. | 10 |
| C. | 14 |
| D. | 7 |
| Answer» E. | |
| 42. |
Signature of one rupee note is of..... |
| A. | rbi governor |
| B. | finance secretary |
| C. | president of india |
| D. | finance minister |
| Answer» C. president of india | |
| 43. |
Origin of banking is said to be closely connected with |
| A. | arabs |
| B. | romans |
| C. | indians |
| D. | jews |
| Answer» E. | |
| 44. |
The best example of pure commercial banking is |
| A. | british banking |
| B. | german banking |
| C. | indian banking |
| D. | japanese banking |
| Answer» B. german banking | |
| 45. |
Which country’s banking is regarded as best example of mixed banking |
| A. | germany |
| B. | usa |
| C. | britain |
| D. | india |
| Answer» B. usa | |
| 46. |
Money at call is otherwise known as.......... |
| A. | overdraft |
| B. | overnight money |
| C. | credit card |
| D. | cash credit |
| Answer» C. credit card | |
| 47. |
............ bank is one which specialise in financing foreign trade of a country |
| A. | unit |
| B. | branch |
| C. | overseas |
| D. | exchange |
| Answer» E. | |
| 48. |
“A central bank is an institution charged with responsibility of regulating supply and costof 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» E. | |
| 49. |
Commercial bank can be either unit banking type or ----------- banking type. |
| A. | central |
| B. | branch |
| C. | specialised |
| D. | rural |
| Answer» C. specialised | |
| 50. |
Discounting of bills of exchange is.......... function of commercial banks |
| A. | lending |
| B. | borrowing |
| C. | investment |
| D. | agency |
| Answer» B. borrowing | |