BANK MCQ Quiz Hub

1. Bitcoin is a_________.
Payment system
Internet Service Provider
Term used in share market
None of these

2. A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will:
Stop payment
Performs no action
Not act on the request
Note caution and will advice the payee to contact purchaser of the draft

3. Mutual funds are required to be registered with:
RBI
SEBI
AMFI
NABARD

4. What is Yield Curve Risk?
Yield curve changes its slope and shape from time to time
It is a line of graph plotting the yield of all maturities of a particular instrument
Yield curve can be twisted to the desired direction through the intervention of RBI
All of the above

5. The biggest international financial centre in the world:
Paris
London
Geneva
New York

6. The expansion of BIFR, in the context of the Indian Industry is:
Board for Industrial and Financial Reconstruction
Bureau for Industrial and Financial Reconstruction
Board for Investment and Financial Reconstruction
Bureau for Investment and Financial Reconstruction

7. The largest financial conglomerate of India is:
SBI
IFCI
ICICI Bank
HDFC Bank

8. First bank in India to launch its interactive banking service through Dish TV:
HSBC
Axis Bank
HDFC Bank
ICICI Bank

9. CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on the recommendations of:
Chore Committee
Ghosh Committee
Kapoor Committee
Krishna Committee

10. The primary relationship between the banker and the customer is that of:
Lesser and lessee
Principal and agent
Debtor and Creditor
Trustee and beneficiary

11. A debt becomes time-barred after:
One year
Two years
Three years
Four years

12. In the matter of handling bills of exchange for collection, the relationship between customer and the bank is:
Bailor and bailee
Principal and agent
Trustee and the beneficiary
All of the above

13. Hypothecation is:
A transaction of conditional sale
Transfer of ownership by the borrower to the lender
Either a or b
A legal transaction whereby goods may be made available as security for a debt

14. �Payment of a cheque may be countermanded by the ___
Payee
Drawer
Drawee
True owner

15. J.S. Verma Committee Report relates to:
Bank Mechanization
Corporate Governance
Strengthening of weak banks
All of the above

16. Which of the following is a reason for inflation?
Deficit financing
Structural deficiencies
Growth in per capita income
All of the above

17. Nainital Bank is a subsidiary of which of the following banks?
Syndicate Bank
Bank of Baroda
State Bank of India
Reserve Bank of India

18. What do you mean by Mortgage?
A security created on movable property for a loan given by a bank
A security created on immovable property for a loan given by a bank
A facility created on movable property for a deposit received by a bank
A security created on immovable property for a deposit received by a bank

19. Maximum amount of Cheque
Rs.1 crore
Rs.150 crore
Rs.200 crore
No limit

20. What happens if a crossed cheque is presented for payment?
It cannot be paid at all
It can be paid only through a banker
It can be paid across the counter in another bank
None of the above

21. From 25th September 1975, Rupee was de-linked from pound sterling and was linked to________.
Gold
Dinar
US Dollar
Basket of Currencies

22. On 1st March, 1992, Reserve Bank of India announced a new system of exchange rates known as_______.
Partial Convertibility
Liberalized Exchange rate system
Both (a) and (b)
None of these

23. In India, Fixed Fiduciary System of note issue was in force from________.
1816 to 1920
1890 to 1950
1920 to 1947
1947 to 1954

24. Which among the following statements is correct about soiled/mutilated note?
Banks are expected to offer this service even to non-customers
All banks are authorized to accept soiled notes across their countries and pay exchange value
The RBI has also authorized all commercial bank branches to treat certain notes in �two pieces� as soiled notes and pay exchange value
All of the above

25. �Among the following which were the first rulers in India to issue coins which can be definitely attributed to the kings?
Shakas
Kushans
Parthians
Indo-Greeks

26. The decimal system of note and coin issue was started in India in______ .
1950
1957
1961
1972

27. Under which section of the Reserve Bank of India Act, the RBI has the sole right of note issue?
Section 21
Section 22
Section 23
Section 24

28. RBI has the legal right to issue bank notes, under which act?
RBI Act
Coinage Act
Companies Act
Banking Regulation Act

29. Who is responsible for minting coins in India, and under which act?
RBI, RBI Act
RBI, Coinage Act
Government of India, Coinage Act
Government of India, Banking Regulation Act

30. What is the maximum denomination of currency note that can be issued by RBI?
Rs. 1,000
Rs. 5,000
Rs. 10,000
Rs. 50,000