BANK/Bank%20Mcq%20Question%20Set%207 Sample Test,Sample questions

Question:
A customer desiring to do permitted banking transactions through ATM needs to have

1.Personal identification number (PIN), allotted by the bank while issuing ATM /Debit card/credit card

2.ATM card or debit card/credit card (if compatible with the ATM function)

3.Both (a) and (b)

4.Smartphone

Posted Date:-2021-10-25 14:25:32


Question:
A promissory note that is not secured by any collateral or not secured by a mortgage or lien marked on any property is ___________instrument.

1.Debenture

2.Currency bill

3.Commercial bill

4.Bill of exchange

Posted Date:-2021-10-25 14:25:32


Question:
Accounts are allowed to be operated by cheques in respect of

1.Saving bank accounts and current accounts only

2.Both saving bank account and cash accounts only

3.Both current accounts and fixed deposits accounts

4.Both saving bank accounts and fixed bank accounts

Posted Date:-2021-10-25 14:25:32


Question:
Chairman of Banks are decided by

1.RBI

2.Finance Ministry

3.Corporate Ministry

4.Commerce Ministry

Posted Date:-2021-10-25 14:25:32


Question:
Coins are minted at ?

1.Hyderabad

2.Kolkatta

3.Mumbai

4.All of these

Posted Date:-2021-10-25 14:25:32


Question:
Credit cards are cards which are also known as

1.Card money

2.Plastic cards

3.Plastic cards full of money

4.All of the above

Posted Date:-2021-10-25 14:25:32


Question:
Debt refers to?

1.Outstanding Loan Balance

2.Present and future dues from customer of any nature say locker rent

3.a sum of money owed by one person or entity (Creditor) to another person or entity (Debtor)

4.a sum of money owed by one person or entity(debtor) to an-other person or entity (creditor)

Posted Date:-2021-10-25 14:25:32


Question:
Electronic banking has opened new banking channels like?

1.ATM banking

2.Internet banking

3.Telephone banking

4.All of these

Posted Date:-2021-10-25 14:25:32


Question:
Electronic fund transfers like RTGS and NEFT are operated and maintained by ___________.

1.Reserve Bank of India (RBI)

2.Bharat Bill Payment System (BBPS)

3.Clearing Corporation of India Limited (CCIL)

4.National Payments Corporation of India (NPCI)

Posted Date:-2021-10-25 14:25:32


Question:
Expand IFSC ___________.

1.Interbank Fund Service Code

2.Indian Financial System Code

3.Indian Financial Services Code

4.International Financial Service Code

Posted Date:-2021-10-25 14:25:32


Question:
Fixed deposits cannot be

1.Transferred to third parties

2.Pre-paid before the maturity date

3.Renewed for a further period on maturity date

4.None of these

Posted Date:-2021-10-25 14:25:32


Question:
Flexi deposits means?

1.Call Deposit

2.Fixed deposits

3.Hybrid deposits

4.Floating Rate of Interest deposits

Posted Date:-2021-10-25 14:25:32


Question:
Functions of Banks are governed by?

1.FEMA

2.Traditions in India

3.Indian Contract Act

4.Banking Regulation Act

Posted Date:-2021-10-25 14:25:32


Question:
Headquarters of World Bank

1.Vienna

2.Geneva

3.New York

4.Washington DC

Posted Date:-2021-10-25 14:25:32


Question:
Identify the Basel III norms from following that, recently RBI has extended the timeline for implementation for banks in India ___________.

1.Market discipline

2.Leverage ratio to 3%

3.Minimum regulatory capital requirement

4.All of the above

Posted Date:-2021-10-25 14:25:32


Question:
Identify the difference between commercial paper and certificate of deposit ___________.

1.Certificate of deposit is issued at discount while commercial paper at face value

2.Certificate of deposit is a financial instrument while commercial paper is a financial statement

3.Certificate of deposit is issued by banks while commercial paper is issued by firms or public limited companies

4.All of the above

Posted Date:-2021-10-25 14:25:32


Question:
Identify the macro economic policy/ policies of India ___________.

1.Fiscal policy

2.Monetary policy

3.Both (a) and (b)

4.Regulatory policy

Posted Date:-2021-10-25 14:25:32


Question:
Identify the odd one out from the following benefits of RTGS.

1.Settlement is immediate

2.Lowers the settlement risk

3.Avoids credit risk while settlement

4.Suited for only lower value transactions

Posted Date:-2021-10-25 14:25:32


Question:
If a bank needs to attract Provident Fund Deposits, what are the criteria that banks must possess?

1.Capital adequacy of 9%

2.Profitability in preceding 3 years

3.Minimum of Rs.200 crores as net worth

4.All of the above

Posted Date:-2021-10-25 14:25:32


Question:
If the stock markets are declining then it is called as ___________.

1.Stage

2.Bull run

3.Bear run

4.Down run

Posted Date:-2021-10-25 14:25:32


Question:
Illiterate Persons are allowed to open?

1.Current account

2.Savings account

3.Not allowed to open bank account

4.Only savings account (without cheque facility) or fixed deposit account

Posted Date:-2021-10-25 14:25:32


Question:
�A centralized database with online connectivity to branches, internet as well as ATM- network which has been adopted by almost all major banks of our country is known as?

1.Core Banking

2.Mobile Banking

3.National Banking

4.Investment Banking

Posted Date:-2021-10-25 14:25:32


Question:
�A money Bill can originate-

1.Only in Lok Sabha

2.Only in Rajya Sabha

3.Only in a joint sitting of 2 houses

4.In either house of the parliament

Posted Date:-2021-10-25 14:25:32


Question:
�The first Indian bank to open a branch outside India, in London in 1946 is -

1.BOI

2.BOB

3.PNB

4.SBI

Posted Date:-2021-10-25 14:25:32


Question:
Know Your Customer (KYC) guidelines expect banks to?

1.know the family details of the customer

2.know the financial details of the customer

3.know the locational details of the customer

4.know the educational details of the customer

Posted Date:-2021-10-25 14:25:32


Question:
Minimum period of fixed deposit is_________days and maximum period for which a bank can accept a deposit presently is___________years?

1.7--10

2.7--20

3.7--30

4.7--40

Posted Date:-2021-10-25 14:25:32


Question:
NABARD support lending to farmers, rural artisans and other non farmers in rural areas through___________.

1.Co-operative �Banks

2.Regional Rural Banks

3.Land Development Banks

4.All the Above

Posted Date:-2021-10-25 14:25:32


Question:
National Payments Corporation of India (NPCI) is being used by banks for ___________.

1.Remittance

2.Advisory service

3.Clearing and settlement

4.Payments and settlements

Posted Date:-2021-10-25 14:25:32


Question:
Pick the odd one out from the following about Bharat Bill Payment System (BBPS).

1.BBPS is a unified bill payment system across the country.

2.It will be setting up the standards in operations related to payments, clearance, and settlements.

3.Payment gateways, service providers, banks, and agents will be participants in this system.

4.None of these

Posted Date:-2021-10-25 14:25:32


Question:
RBI issue currency rupee notes on bases of ___________.

1.By holding minimum value of gold coins and bullion

2.By holding minimum foreign securities as a part of the total approved assets

3.Both (a) and (b)

4.By holding minimum amount of commodities which are trading in commodity exchanges

Posted Date:-2021-10-25 14:25:32


Question:
RBI uses bank rate in order to control ___________.

1.Liquidity

2.Cash holdings of banks

3.Financial position of banks

4.Money supply, volume of bank credit and cost of bank credit

Posted Date:-2021-10-25 14:25:32


Question:
The basic functions of the bank are?

1.Lending or investing the funds so collected from the customers

2.Acceptance of Deposits from the public

3.Both (a) and (b)

4.Lending to customers

Posted Date:-2021-10-25 14:25:32


Question:
The effect of a valid nomination is that?

1.on death of the sole depositor, the amount will be returned to the nominee

2.on death of the sole depositor /all depositors, the amount will be returned to the nominee after further legal formality.

3.on death of the sole depositor / all depositors, the amount will be returned to the nominee without any further legal formality.

4.none of these

Posted Date:-2021-10-25 14:25:32


Question:
The Smart Card?

1.contains an IC Chip

2.appears very smart

3.issued to smart account holders

4.issued to account holders having balance in lakhs

Posted Date:-2021-10-25 14:25:32


Question:
What are the steps taken by RBI, in order to meet demand and time liabilities of banks in time?

1.Banks are asked to maintain CRR

2.Banks are asked to keep mandatory regulatory cash reserve with RBI

3.Both (a) and (b)

4.None of these

Posted Date:-2021-10-25 14:25:32


Question:
What does RBI do if a Re.1 note is issued by Government of India?

1.RBI put into circulation

2.RBI object the issuance

3.RBI asks banks to not to support for circulation

4.RBI converts Re.1 in to higher denomination of Rs.10 and more

Posted Date:-2021-10-25 14:25:32


Question:
What is the full form Of FEMA

1.Foreign Exchange Money Act

2.Full Exchange money Agency

3.Foreign Exchange Money Agency

4.Foreign Exchange Management Act

Posted Date:-2021-10-25 14:25:32


Question:
What kind of Treasury Bills (T-Bills) is/ are issued by State Government?

1.91 - days

2.182 - days

3.364 - days

4.No Treasury Bills issued by State Government

Posted Date:-2021-10-25 14:25:32


Question:
When the bank lends money to the customer, the relationship, of the customer and banker is___.

1.Principle - Agent

2.Creditor and Debtor

3.Debtor and Creditor

4.All of these

Posted Date:-2021-10-25 14:25:32


Question:
Where is the head office of Syndicate Bank located?

1.Mumbai

2.Kolkata

3.Manipal

4.Bangalore

Posted Date:-2021-10-25 14:25:32


Question:
Which among the following is known as prepaid negotiable instrument?

1.Bankers cheque/ Pay order

2.Promissory note

3.Fixed deposit

4.Cheque

Posted Date:-2021-10-25 14:25:32


Question:
Which of the following entities are applicable for the new listing obligations and disclosure requirements of SEBI regulations, 2014?

1.Listing of bonds

2.All listed companies

3.Listing of debentures

4.All of the above

Posted Date:-2021-10-25 14:25:32


Question:
Which of the following is a part of the core sector?

1.Textiles

2.Chemicals

3.Real Estate

4.Machine Manufacturing

Posted Date:-2021-10-25 14:25:32


Question:
Which of the following is not a function of commercial bank?

1.Selling mutual funds

2.Providing project finance

3.Settlement of payments on behalf of the customers

4.Deciding policy rates like CRR, Repo rates/SLR etc.

Posted Date:-2021-10-25 14:25:32


Question:
Which of the following steps is not required by the user for withdrawing money from ATM?

1.Entering PIN

2.Entering account no

3.Inserting ATM card in the card slot

4.All of the above

Posted Date:-2021-10-25 14:25:32


Question:
Which one of the following is not an electronic banking delivery channel?

1.ATM

2.Mobile Vans

3.Internet Banking

4.Mobile Phone Banking

Posted Date:-2021-10-25 14:25:32


Question:
Who all can hire a locker in a bank?

1.Individuals

2.Two persons jointly

3.Limited companies and societies

4.All of the above

Posted Date:-2021-10-25 14:25:32


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