BANK/E-Banking MCQ Set 2 Sample Test,Sample questions

Question:
 A digital certificate__________.

1.is an electronic message uniquely identifying the message sender.

2. is a summary of a plain text document.

3. is a reliable third party that authenticates the message sender.

4.is used to identify the owner of a private key and related public key.

Posted Date:-2022-01-11 02:55:05


Question:
 A digital certificate__________.

1.is an electronic message uniquely identifying the message sender.

2. is a summary of a plain text document.

3. is a reliable third party that authenticates the message sender.

4.is used to identify the owner of a private key and related public key.

Posted Date:-2022-01-11 02:55:15


Question:
 Aggregate capital market exposure for banks is prescribed as 40 per of ____.

1. net worth.

2.aggregate time and demand liabilities

3.total investments

4. total assets of a banking company.

Posted Date:-2022-01-11 00:30:04


Question:
 Aggregate capital market exposure for banks is prescribed as 40 per of ____.

1. net worth.

2.aggregate time and demand liabilities

3.total investments

4. total assets of a banking company.

Posted Date:-2022-01-11 00:30:18


Question:
 E-cash means.

1.to transfer money between different parties over a network.

2. to transfer cheque between different parties over a network.

3.to credit money between different parties over a network.

4.to credit cheque between different parties over a network.

Posted Date:-2022-01-11 03:28:27


Question:
 How many standard message categories in SWIFT?

1. 10 types.

2. 9 types

3.8 types

4. 7 types.

Posted Date:-2022-01-10 11:16:06


Question:
 The acceptor for honour ________.

1.Does not bear any liability as he is not a party to the bill.

2. Bears the liability similar to the person for whose honour he accepts the bill. C. .. D.

3. Acts as a surety to the drawee

4.Bears no liability.

Posted Date:-2022-01-11 00:26:44


Question:
 The banking operations are carried through a single banking office is _______.

1. branch banking

2.unit banking

3.commercial banking

4.universal banking

Posted Date:-2022-01-10 11:17:07


Question:
 The banking operations are carried through a single banking office is _______.

1. branch banking

2.unit banking

3.commercial banking

4.universal banking

Posted Date:-2022-01-10 11:17:07


Question:
 The credit card offers _______.

1. A. . revolving credit for certain period.

2.payoff the entire amount of card usage.

3.on-line recover of amount of card usage

4.only amount.

Posted Date:-2022-01-11 01:03:23


Question:
 The deposit with the bank for a fixed period which is specified at the time of making the deposit is
called _____.

1.saving deposit

2.current deposit

3.bank deposit

4.. fixed deposit

Posted Date:-2022-01-10 11:37:52


Question:
 The relationship between a banker and a customer is _________.

1.that of a debtor and creditor

2.that of a creditor and a debtor.

3.primarily that of a debtor and a credit

4.that of a debtor and agent

Posted Date:-2022-01-11 00:53:00


Question:
 Where did bill market first developed?

1.USA

2.London

3.France

4.Italy.

Posted Date:-2022-01-10 11:32:26


Question:
A banker should not refuse payment of a cheque if ________.

1. the cheque is a post dated cheque.

2.the cheque is drawn on another branch of the same bank.

3.the cheque contains an apparent material alteration which is not properly authenticated by the drawer.

4. the cheque bears more than two endorsements

Posted Date:-2022-01-11 00:24:59


Question:
A banker should not refuse payment of a cheque if ________.

1. the cheque is a post dated cheque.

2.the cheque is drawn on another branch of the same bank.

3.the cheque contains an apparent material alteration which is not properly authenticated by the drawer.

4. the cheque bears more than two endorsements

Posted Date:-2022-01-11 00:25:02


Question:
A banker should not stop operation of the account if the customer ____.

1.. dies.

2.becomes insolvent

3.changes his business premises.

4. becomes insane

Posted Date:-2022-01-10 11:43:02


Question:
A cheque with Not negotiable crossing _____.

1. cannot be negotiated

2.can be negotiated and the endorsee title is not affected in any case.

3.can be negotiated but the holder of the cheque will not have title better than that of the person from whom he took it.

4. is always deemed as crossed specially

Posted Date:-2022-01-10 11:47:33


Question:
A credit card contains _______.

1. only cash.

2.not only cash.

3.not for cash

4.withdraw cash only.

Posted Date:-2022-01-11 02:56:17


Question:
A credit card contains _______.

1. only cash.

2.not only cash.

3.not for cash

4.withdraw cash only.

Posted Date:-2022-01-11 02:56:22


Question:
A debit card holder makes payment for purchases ______.

1.After 15 days.

2.After 20 days

3.After a month

4. Immediately through his account.

Posted Date:-2022-01-11 00:40:47


Question:
A debit card is only for.

1.. electronic card both withdraw and deposit purpose.

2.electronic card only for shop purpose.

3.electronic card only for withdraw purpose.

4.electronic card only for deposit purpose.

Posted Date:-2022-01-11 02:49:55


Question:
A digital signature is _________.

1.bit string giving identity of a correspondent.

2. unique identification of a sender.

3.an authentication of an electronic record by tying it uniquely to a key only a sender knows.

4.an encrypted signature of a sender.

Posted Date:-2022-01-11 03:07:40


Question:
A Garnishee order is an order issued by _____.

1.Income tax officer

2.official liquidator

3.court

4.RBI

Posted Date:-2022-01-10 11:35:11


Question:
A negotiable instrument not drawn or make in India is called_______ instrument.

1. inland.

2.foreign

3.time

4.clean

Posted Date:-2022-01-11 00:32:13


Question:
A term loan is not secured by ______.

1.. legal mortgage of fixed assets.

2.pledge of goods

3.hypothecation of movable assets equitable mortgage

4.equitable mortgage.

Posted Date:-2022-01-11 00:33:09


Question:
A term loan is not secured by ______.

1.. legal mortgage of fixed assets.

2.pledge of goods

3.hypothecation of movable assets equitable mortgage

4.equitable mortgage.

Posted Date:-2022-01-11 00:33:09


Question:
According to section 19(b.) of the banking regulation act, a bank can hold shares in a company not exceeding ____.

1. 20per

2.25per

3.30per

4.35per

Posted Date:-2022-01-11 00:34:15


Question:
Banking regulation act was passed in the year_______.

1.1934.

2.1946

3.1949

4.1948

Posted Date:-2022-01-11 00:47:17


Question:
Communication technology ________.

1. A. facilitates the processing of data.

2. helps in transmission of data

3.enables decision support system.

4. is a tool for data mining.

Posted Date:-2022-01-10 11:11:50


Question:
Credit information furnished by credit information company to a bank can be used by it ____.

1.for any purpose

2. for publication in its annual report

3.for taking credit decisions

4. for underwriting the shares of the borrower company.

Posted Date:-2022-01-11 00:46:18


Question:
Credit information report contains ____.

1.a recommendation.

2. a guarantee about repayment

3.for taking credit decisions

4.for underwriting the shares of the borrower company.

Posted Date:-2022-01-11 00:45:15


Question:
Deposit banking is also called as ___.

1. commercial banking.

2.unit banking

3. branch banking

4. development banking.

Posted Date:-2022-01-10 11:19:58


Question:
During 1969, how many banks were nationalized?

1.15

2.14

3.16

4.17

Posted Date:-2022-01-10 11:21:30


Question:
During 1980, how many banks were nationalized?

1.7

2.6

3.5

4.8

Posted Date:-2022-01-10 11:22:03


Question:
Electronic payment system is a——–.

1.. software.

2.hardware

3.application

4.package

Posted Date:-2022-01-11 03:00:36


Question:
Endorsement signifies that the ___________.

1. endorser has got a good title.

2.endorsers signature is genuine.

3.previous endorsements are genuine

4.All of the above.

Posted Date:-2022-01-11 00:59:40


Question:
Expansion of ICICI.

1.Industrial Credit and Investment Corporation Of India

2.Industrial Credit and Investment Company Of India.

3. Industrial Credit and Investment Co-operation Of India

4. Industrial Credit and Insurance Corporation Of India

Posted Date:-2022-01-11 00:49:10


Question:
Expansion of SBI

1. State Bank of India.

2. Securities Bank of India.

3.Stock Broking of India

4.Society Bank of India

Posted Date:-2022-01-11 00:31:21


Question:
Floating rate of interest is the rate which is ______.

1.decided by the bank arbitrarily.

2.linked with another relevant rate.

3.fixed by the Indian banks association

4.notified by the reserve bank of India.

Posted Date:-2022-01-10 11:44:22


Question:
For issuing a duplicate demand draft, the purchaser is required to submit?

1.Guarantee of a third party

2.Collateral security

3.Indemnity bond

4.Undertaking from the payee.

Posted Date:-2022-01-11 00:36:20


Question:
If the endorser signs his name only the endorsement is said to be _______.

1.. endorsement in blank B. . C. . D.

2. endorsement in full.

3.conditional endorsement

4.restricted endorsement.

Posted Date:-2022-01-10 11:46:13


Question:
In Electronic cash payment ____.

1.debit card payment system is used.

2.customer buys several electronic coins which are digitally signed by coin issuing bank. C.

3.credit card payment system is used

4. RSA cryptography is used in the transactions.

Posted Date:-2022-01-11 03:01:52


Question:
In Electronic cash payment ____.

1.debit card payment system is used.

2.customer buys several electronic coins which are digitally signed by coin issuing bank. C.

3.credit card payment system is used

4. RSA cryptography is used in the transactions.

Posted Date:-2022-01-11 03:05:14


Question:
In Electronic cash payment________.

1. customer not withdraws coins in various denominations signed by the bank.

2. the bank has a database of issued coins.

3.not issues coins.

4. the bank cannot trace a customer.

Posted Date:-2022-01-11 03:06:34


Question:
In India every scheduled bank has to maintain with RBI a cash balance equivalent of all the deposit liabilities called as _____.

1.open market ratio.

2.cash reserve ratio

3.bank reserve ratio.

4.credit reserve ratio.

Posted Date:-2022-01-10 11:20:53


Question:
Interest on fixed deposits is compounded _____.

1.monthly

2.quarterly

3.half yearly

4.yearly basis

Posted Date:-2022-01-10 11:41:38


Question:
M. banking means.

1. To perform actions on his / her mobile device.

2.To perform actions on his / her webpage.

3.To perform actions on his / her internet service.

4.To perform actions on his / her pc.

Posted Date:-2022-01-11 03:12:08


Question:
M. banking means.

1. To perform actions on his / her mobile device.

2.To perform actions on his / her webpage.

3.To perform actions on his / her internet service.

4.To perform actions on his / her pc.

Posted Date:-2022-01-11 03:22:24


Question:
MICR refers to ______.

1. Magnetic Ink Character Recognition

2.Magnetic Ink Company Recognition

3.Magnetic Ink Cross Recognition.

4.Magnetic Ink Community Recognition.

Posted Date:-2022-01-10 11:45:25


Question:
Mobile banking offers the following.

1.Withdrawal of cash anywhere in India

2.Statement of account for a specific period.

3.Transfer of funds from one account to another account.

4.Balance enquiry.

Posted Date:-2022-01-11 02:27:12


Question:
Off-line data entry is preferable when.

1. data should be entered without error.

2. the volume of data to be entered is large.

3.the volume of data to be entered is small.

4.information is to be processed periodically.

Posted Date:-2022-01-11 03:25:04


Question:
RBI was set up in the year____.

1. 1935.

2.1934

3.1933

4.1932

Posted Date:-2022-01-10 11:25:42


Question:
REPO facility means _______.

1. borrowing of money without security.

2.borrowing on the basis of guarantee.

3.borrowing against term loans.

4. borrowing against securities on repurchase basis.

Posted Date:-2022-01-11 00:29:10


Question:
SMART stands for: Specific, Measurable, _________, Relevant and Tangible.

1. accurate.

2.Actionable

3.Accountable

4.Achievable

Posted Date:-2022-01-11 02:59:34


Question:
SWIFT have _______ digital code number?

1.11.

2.5

3.6

4.10.

Posted Date:-2022-01-11 02:53:48


Question:
The banker has a lien on ________.

1.bonds given for collection

2.bonds given for safe custody

3. bonds left by mistake

4.bonds given for safe.

Posted Date:-2022-01-11 00:54:04


Question:
The banking operations are carried through a network of branches are called____.

1.branch banking

2. unit banking.

3.commercial banking

4.universal banking

Posted Date:-2022-01-10 11:18:04


Question:
The banking which attracts deposits and lending for only short periods is known as _______.

1.commercial banking

2.unit banking

3. branch banking

4.development banking

Posted Date:-2022-01-10 11:18:48


Question:
The biggest constraint in E-banking is ________.

1.start-up cost.

2.maintenance cost

3.training cost.

4.security cost.

Posted Date:-2022-01-11 01:00:33


Question:
The cause of dishonour of cheque much be _________.

1.forget signature of drawer.

2. incomplete cheque.

3. insufficiency of funds in the account.

4.any material alteration.

Posted Date:-2022-01-11 00:28:18


Question:
The consumer Credit Bureau covers credit availed by ________.

1.individuals

2.private and public limited companies

3.proprietary concerns

4.banks.

Posted Date:-2022-01-11 00:50:12


Question:
The following one is not a material alteration.

1.Alteration of crossing.

2. Alteration of place of payment.

3. Conversion of blank endorsement into full endorsement

4.Alteration of the payees name.

Posted Date:-2022-01-11 00:55:18


Question:
The Indian _____ is the market in which short term funds are borrowed and lent.

1.Money market

2.Open market

3.Closed market.

4.Credit market

Posted Date:-2022-01-10 11:29:54


Question:
The minimum period for which a commercial bank can accept term deposit is __.

1. 7 days

2.15 days.

3.30 days.

4. 60 days.

Posted Date:-2022-01-10 11:38:52


Question:
The obligation of a banker to honour his customers cheque is extinguished on receipt of an order of the court, known as the ______. 

1. garnishee order.

2.bank order

3. RBI order.

4.. debtor order

Posted Date:-2022-01-10 11:34:03


Question:
The paying banker can get protection for a materially altered cheque provided __.

1.the alteration is not apparent.

2.he makes payment in due course.

3.the alteration is immaterial.

4. i & ii together

Posted Date:-2022-01-11 00:56:15


Question:
The relationship between the hirer of a locker and banker is that _____.

1.principal and agent

2.lessee and lessor.

3.debtor and creditor.

4.pledge and pledger.

Posted Date:-2022-01-11 00:37:23


Question:
The safest form of crossing is ______.

1.general crossing

2.. special crossing

3. double crossing.

4.. a/c payee crossing.

Posted Date:-2022-01-11 00:57:11


Question:
The safest form of crossing is ______.

1.general crossing

2.. special crossing

3. double crossing.

4.. a/c payee crossing.

Posted Date:-2022-01-11 00:58:34


Question:
The Secure Electronic Transaction protocol is used for ______.

1.credit card payment

2.cheque payment.

3.electronic cash payments.

4.payment of small amounts for internet services

Posted Date:-2022-01-11 02:52:54


Question:
The Secure Electronic Transaction protocol is used for _________.

1. credit card payment.

2.cheque payment

3.electronic cash payments

4.payment of small amounts for internet services.

Posted Date:-2022-01-11 03:08:58


Question:
The Secure Electronic Transaction protocol is used for _________.

1. credit card payment.

2.cheque payment

3.electronic cash payments

4.payment of small amounts for internet services.

Posted Date:-2022-01-11 03:09:35


Question:
The Secure Electronic Transaction protocol is used for _________.

1. credit card payment.

2.cheque payment

3.electronic cash payments

4.payment of small amounts for internet services.

Posted Date:-2022-01-11 03:10:05


Question:
The Secure Electronic Transaction protocol is used for _________.

1. credit card payment.

2.cheque payment

3.electronic cash payments

4.payment of small amounts for internet services.

Posted Date:-2022-01-11 03:10:05


Question:
The universal set of standards for EDI is known as _____.

1. EDIFACT

2.EDI

3.ISO

4.BIS

Posted Date:-2022-01-10 11:09:28


Question:
The universal set of standards for EDI is known as _____.

1. EDIFACT

2.EDI

3.ISO

4.BIS

Posted Date:-2022-01-10 11:09:33


Question:
The universal set of standards for EDI is known as _____.

1. EDIFACT

2.EDI

3.ISO

4.BIS

Posted Date:-2022-01-10 11:09:41


Question:
The _______ acts as an agent of the RBI.

1. SBI

2.ICICI

3.IOB

4.HDFC

Posted Date:-2022-01-10 11:24:22


Question:
Two types of trading in the financial markets

1.electronic delivery

2.Courier

3.Door delivery.

4. Post delivery.

Posted Date:-2022-01-11 02:51:00


Question:
When SHIFT network was came to India?

1. December 2, 1991.

2.December 1, 1991

3.December 3, 1991.

4.December 4, 1991

Posted Date:-2022-01-10 11:15:22


Question:
Which committee recommended the establishment of private sector banks in India?

1. Dr. Rangarajan committee.

2.Narashimham committee

3.Rajendran committee

4.Govindarajan committee.

Posted Date:-2022-01-10 11:25:07


Question:
Which is not possible for the payee of a cheque?

1.. To convert a bearer cheque into an order cheque.

2. To convert an open cheque into a crossed cheque.

3.. To convert general crossing into special crossing

4. To make a specially crossed cheque into generally crossed cheque.

Posted Date:-2022-01-10 11:49:49


Question:
Which of the following is the gateway in India EDI services worldwide?

1.Satyam online

2.BSNL

3.MTNL

4.VSNL.

Posted Date:-2022-01-10 11:14:14


Question:
Who can cancel the crossing on a cheque?

1.The payee.

2.The paying banker

3.The endorser

4. The drawer.

Posted Date:-2022-01-10 11:48:37


Question:
______ has been constituted as a corporate body having perpetual succession and a common seal.

1. RBI.

2.ICICI

3.HDFC

4.IOB

Posted Date:-2022-01-10 11:26:49


Question:
_______ is an example of an auction site.

1.. E-bay.

2.Ibibo

3.Facebook

4.Orkut

Posted Date:-2022-01-11 02:48:52


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