BANK/Bank Mcq Question Set 12 Sample Test,Sample questions

Question:
A banker lien is governed by

1.Banking Regulation Act

2.Negotiable Instrument Act

3.Transfer of Property Act

4.Bankers Books Evidence Act

Posted Date:-2021-10-25 08:23:20


Question:
A cheque is payable on

1.demand

2.a fixed future date

3.happening of certain event

4.24 hours after presentation

Posted Date:-2021-10-25 08:23:20


Question:
A scheduled bank must be

1.An institution notified by GOI

2.A company as defined by companies act, 2013

3.A corporative or company incorporated by any law in force in any place in India

4.All of the above

Posted Date:-2021-10-25 08:23:20


Question:
According to the risk diversification principle of bank lending, diversification should be in terms of -

1.customer base

2.nature of business

3.geographic location

4.All of these

Posted Date:-2021-10-25 08:23:20


Question:
An award of Banking Ombudsman is

1.an arbitrary order

2.a judicial decision

3.an order on the Bank

4.an appeal to the bank

Posted Date:-2021-10-25 08:23:20


Question:
An Individual can have what number of Basic Savings Bank Deposit Account in one bank?

1.Only one

2.Only two

3.Only three

4.Only four

Posted Date:-2021-10-25 08:23:20


Question:
As per the notification by Reserve Bank of India (RBI) on 6th Aug15, in which areas the banks are allowed to shift, merge or close branches without seeking its prior permission?

1.Rural Areas

2.Urban Areas

3.Semi-Rural Areas

4.Semi-Urban Areas

Posted Date:-2021-10-25 08:23:20


Question:
Axis bank is a

1.Gramin Bank

2.Foreign Bank

3.Cooperative Bank

4.Private Sector Bank

Posted Date:-2021-10-25 08:23:20


Question:
Bill of Exchange, Promissory Notes and Cheques are defined as -

1.Trust Receipts

2.Negotiable Instruments

3.Documents of Title of Goods

4.All of these

Posted Date:-2021-10-25 08:23:20


Question:
Certificate of Deposit can be issued by _____?

1.Reserve Bank, NABARD and Exim Bank only

2.Commercial banks and term lending institutions

3.Scheduled commercial banks excluding regional rural banks

4.All of the above

Posted Date:-2021-10-25 08:23:20


Question:
Co-operative banks are ____?

1.Joint-sector banks

2.Public sector banks

3.Private sector banks

4.All of the above

Posted Date:-2021-10-25 08:23:20


Question:
Currency Chests are -

1.store houses of RBI for banknotes and small coins

2.store houses of RBI for banknotes and rupee coins

3.store houses of commercial banks for banknotes and small coins

4.store houses of commercial banks for banknotes and rupee coins

Posted Date:-2021-10-25 08:23:20


Question:
Excessively soiled, brittle or burnt notes can be exchanged on -

1.Issue Office of RBI

2.Commercial bank branches

3.Commercial bank headquarters

4.None of the above

Posted Date:-2021-10-25 08:23:20


Question:
Government increased the maturity period on G-Sec bonds to -

1.10 years

2.20 years

3.30 years

4.40 years

Posted Date:-2021-10-25 08:23:20


Question:
How many payment banks received in-principle approval by the Reserve bank of India?

1.10

2.11

3.12

4.13

Posted Date:-2021-10-25 08:23:20


Question:
Issue Offices of RBI are those places from where -

1.RBI issues coins to the bank branches

2.RBI issues banknotes to the bank branches

3.Both (a) and (b)

4.None of the above

Posted Date:-2021-10-25 08:23:20


Question:
�Which became the first bank globally to launch m-Visa. A service in which a person can transit cardless

1.SBI

2.IOB

3.ICICI

4.HDFC

Posted Date:-2021-10-25 08:23:20


Question:
Kapoor committee, 1999 is related to ____.

1.Micro-finance

2.Restructuring of RRBs

3.Capital Account convertibility

4.Co-operative Banking Reforms

Posted Date:-2021-10-25 08:23:20


Question:
Loan taken by the person, not telling the purpose of taking loan is called ?

1.NPA

2.Personal Loan

3.Concealed Loan

4.Impersonal Loan

Posted Date:-2021-10-25 08:23:20


Question:
Name the initiative launched by the Finance Minister Arun Jaitely to revamp functioning of public sector banks, PSBs on 14th Aug 15?

1.BankNiti

2.Seven Plan

3.Maulik Niti

4.Indradhanush

Posted Date:-2021-10-25 08:23:20


Question:
Name the mobile banking app of Kotak Mahindra Bank (KMB) launched primarily for un-banked regions?

1.Bharat

2.Kotak India

3.Kotak Bharat

4.Indian Kotak

Posted Date:-2021-10-25 08:23:20


Question:
Nomination was introduced in banks by amendment in which of the following act.

1.RBI Act

2.Companies Act

3.Banking Regulation Act

4.Negotiable Instruments Act

Posted Date:-2021-10-25 08:23:20


Question:
On 6th Aug15 the Lok Sabha adopted the Negotiable Instruments (Amendment) Bill 2015 that enables the _________.

1.Lift the penalty over bouncing cheques & Proposed to change the definition of Cheques

2.Proposed to change the definition of Cheques & Lift the penalty over bouncing cheques

3.Increase the penalty over bouncing cheques & Enable Cheque collections on Electronic Mode

4.Enable Cheque collections on Electronic Mode & Proposed to change the definition of Cheques

Posted Date:-2021-10-25 08:23:20


Question:
Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks?

1.SBI

2.LIC

3.SIDBI

4.NABARD

Posted Date:-2021-10-25 08:23:20


Question:
Public Sector Banks include ?

1.14 Nationalized Banks + 6 SBI Associates + 7 Private Banks

2.19 Nationalized Banks + State Bank of India + 6 SBI Associates

3.20 Nationalized Banks + 6 Private Banks

4.20 Nationalized Banks + State Bank of India + 5 SBI Associates + IDBI

Posted Date:-2021-10-25 08:23:20


Question:
RBI can carry out inspection of any bank under section ____ of Banking Regulation Act.

1.31

2.33

3.35

4.37

Posted Date:-2021-10-25 08:23:20


Question:
RBI currently follows which of the following system for issuance of currency?

1.Proportional Reserve System

2.Minimum Reserve System

3.Maximum Reserve System

4.None of the above

Posted Date:-2021-10-25 08:23:20


Question:
Rupee coins are the legal tender in India under the provisions of -

1.Indian Coinage Act 1906

2.Banking Regulation Act 1949

3.Reserve Bank of India Act 1934

4.Negotiable Instruments Act 1881

Posted Date:-2021-10-25 08:23:20


Question:
Savings account with zero balance can be opened for -

1.women customers

2.person of high net worth

3.weaker sections of society

4.employees of IT companies

Posted Date:-2021-10-25 08:23:20


Question:
SEBI has been imposed a restriction on money flow in equity through P-notes. What is the full form of P-notes?

1.private notes

2.purchase notes

3.permanent notes

4.participatory notes

Posted Date:-2021-10-25 08:23:20


Question:
Small Coin Depots are -

1.store houses of RBI for banknotes

2.store houses of RBI for small coins

3.store houses of commercial banks for rupee coins

4.store houses of commercial banks for small coins

Posted Date:-2021-10-25 08:23:20


Question:
Small Coins are -

1.Coins with denominations of Re. 1

2.Coins with denominations of more than Re. 1

3.Coins with denominations of less that Re. 1

4.None of the above

Posted Date:-2021-10-25 08:23:20


Question:
The co-operative bank is governed by the banking regulation Act 1949 and co-operative societies Act of

1.1955

2.1965

3.1975

4.1985

Posted Date:-2021-10-25 08:23:20


Question:
The formal way of lending includes lending from ?

1.RRB

2.Co-operative Banks

3.Public Sector Banks and Private Sector Banks

4.All of the above

Posted Date:-2021-10-25 08:23:20


Question:
The soon to be set up proposed Micro Units Development Refinance Agency (Mudra) Bank will be first set up as a subsidiary of the -

1.SBI

2.SIDBI

3.NABARD

4.EXIM bank

Posted Date:-2021-10-25 08:23:20


Question:
Volume and value of banknotes to be printed each year is determined by -

1.GDP growth

2.Inflation rate

3.Reserve Stock requirements

4.All of the above

Posted Date:-2021-10-25 08:23:20


Question:
What does the section 85 of The Negotiable Instruments Act, 181 deal with?

1.Discharge from liability

2.Cheque payable to order

3.When cheque not duly presented and drawer damaged thereby

4.Discharge by allowing drawer more than forty eight hours to accept

Posted Date:-2021-10-25 08:23:20


Question:
What is a Repo Rate?

1.It is a rate at which banks borrow rupees from RBI

2.It is a rate at which RBI allows small loans in the market

3.It is a rate at which RBI sell government securities to banks

4.It is a rate which is offered by Banks to their most valued customers or prime customers

Posted Date:-2021-10-25 08:23:20


Question:
What is the full form of TLR?

1.Two Lock Reception

2.Triple Lock Reception

3.Two Lock Receptacle

4.Triple Lock Receptacle

Posted Date:-2021-10-25 08:23:20


Question:
What is the term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty?

1.Term deposit

2.Current deposit

3.Recurring deposit

4.Savings bank deposit

Posted Date:-2021-10-25 08:23:20


Question:
Which bank began its operations in Oct  2015 ?

1.IDLI

2.IDFC

3.Bandhan bank

4.Shreeram Financers

Posted Date:-2021-10-25 08:23:20


Question:
Which bank has launched the fist contactless debit, credit and multi-currency forex card?

1.SBI

2.Axis Bank

3.ICICI Bank

4.HDFC Bank

Posted Date:-2021-10-25 08:23:20


Question:
Which of the following cooperative bank is considered as the first cooperative bank in India?

1.Anyonya Cooperative Bank

2.Amanath Cooperative Bank Limited

3.Abhyudaya Cooperative Bank Limited

4.Ahmedabad Mercantile Cooperative Bank Limited

Posted Date:-2021-10-25 08:23:20


Question:
Which of the following got accredited by the Green Climate fund as a national implementing entity for undertaking climate change related projects in India?

1.EPFO

2.SIDBI

3.MUDRA

4.NABARD

Posted Date:-2021-10-25 08:23:20


Question:
Which of the following institution is meant for small and medium enterprises?

1.RBI

2.IFCI

3.SIDBI

4.NABARD

Posted Date:-2021-10-25 08:23:20


Question:
Which of the following institutions issues a 3-digit number ranging from 300-900 which reflects the credit profile of individuals?

1.CARE

2.CIBIL

3.CRISIL

4.CAMELS

Posted Date:-2021-10-25 08:23:20


Question:
Which of the following is not a characteristic of a Soiled Note?

1.slightly cut

2.notes in more than two pieces

3.became dirty

4.notes in two pieces, but the cut is not passed through the number panels

Posted Date:-2021-10-25 08:23:20


Question:
Which of the followings are against Clean Note Policy of RBI?

1.Banks not sorting notes into - Reissuables and Non-issuables - while issuing to public

2.Stapling and/or writing on notes

3.Issuing Soiled notes to public

4.All of the above

Posted Date:-2021-10-25 08:23:20


Question:
Which temple in India has opened up a Demat account to accept donations from devotees in the form of shares and securities?

1.Shirdi Sai Temple

2.Vaisho Devi Temple

3.Tryambkeshwar Temple

4.Tirumala Venkateswara Temple

Posted Date:-2021-10-25 08:23:20


Question:
Which was the first Indian Bank to introduce credit card?

1.ICICI

2.State Bank of India

3.Union Bank of India

4.Central Bank of India

Posted Date:-2021-10-25 08:23:20


More MCQS

  1. Bank Mcq Question Set 1
  2. Bank Mcq Question Set 2
  3. Bank Mcq Question Set 3
  4. Bank Mcq Question Set 4
  5. Bank Mcq Question Set 5
  6. Bank Mcq Question Set 6
  7. Bank Mcq Question Set 7
  8. Bank Mcq Question Set 8
  9. Bank Mcq Question Set 9
  10. Bank Mcq Question Set 10
  11. Bank Mcq Question Set 11
  12. Bank Mcq Question Set 12
  13. Bank Mcq Question Set 13
  14. E-Banking MCQ Set 1
  15. E-Banking MCQ Set 2
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  17. Entrepreneurial Development MCQ Set 2
  18. EXIM Finance MCQ Set 1
  19. EXIM Finance MCQ Set 2
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  21. Bank Exam Numerical Ability
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  23. Computer Knowledge - IBPS Bank Exam Set 2
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