14. System of banking is guided by the Islamic Law called?
Correct : D. shariat
15. Money at call and short notice is also known as?
Correct : B. inter bank call money market
16. The process of credit creation by the banking system as a whole is termed as ?
Correct : A. multiple credit creation
17. The regulator of Indian Money market is?
Correct : C. rbi
18. The regulator of Indian Capital Market is?
Correct : A. sebi
19. Bridge Loan is also known as?
Correct : A. swing loan
20. 182-day Treasury bill was introduced in Indian Money Market in?
Correct : C. 1987
21. CIBIL stands for?
Correct : D. credit information bureau india ltd
22. The value of money received today will be more than a rupee tomorrow is?
Correct : A. time value of money
23. The interest computed on the principal for the entire period of borrowings?
Correct : B. simple interest
24. The periodical interval at which interest is added is called?
Correct : B. compounding period
25. ________Act offer incentive to attract people to invest in housing property.
Correct : B. income tax act 1961
26. Loan designed for people who wish to sell the existing home and purchase and purchase
another?
Correct : A. bridge loan
27. The first joint Stock Bank in India?
Correct : C. imperial bank
28. Repayment of an educational loan is deductable u/s_______ of the Income tax Act
Correct : B. 80
29. BPLR means?
Correct : A. bench mark prime lending rate
30. Compound interest is calculated by applying?
Correct : A. ci=p(i+r)n-p
31. If interest is changed on full amount of loan(principal) throughout the entire tenure of the loan
is?
Correct : C. flat rate
32. The borrower repays his loan by way of fixed monthly installments to the bank is called?
Correct : D. equated money installment
33. RBI introduced _________ scheme in 1969?
Correct : C. lead bank
34. ________act as a Consortium leader of the banking institutions in the district?
Correct : A. lead bank
35. Who introduced micro credit system in social banking segment?
Correct : B. nobel laureate & mohammed yunus
36. “Buy now and Pay later” is the motto of a ______.
Correct : C. credit card
37. Credit card allow one to buy goods now and pay later called?
Correct : B. buying on debit
38. Card issuers, consumers, merchants and payment sever/Service producer are four parties in
_________
Correct : B. e -purse
39. Bank all over the world are enter - linked through satellite provided by __________
Correct : B. swift
40. EFT is also known as
Correct : D. paperless banking
41. FIRPS stands for
Correct : B. foreign investment remittance payment scheme
42. ____________ is a system that facilitates individuals, firms and corporate to electronically transfer funds
from any bank branch to any individual having an account with any other bank branch in the country.
Correct : A. neft
43. In case of non-credit or delay in credit to the beneficiary account, the NEFT of the respective
bank can be contacted to __________
Correct : C. cfc
44. ___________ is an alpha-numeric code that uniquely identifies a bank branch participating
NEFT System.
Correct : B. ifsc
45. IFTP means _________
Correct : B. inter-bank fund transfer process
46. In RTGS Minimum amount to be remitted is ___________
Correct : B. rs.2,00,000
47. In India, RTGS has been implemented on ___________
Correct : A. 26 march 2004
48. BACS means ________
Correct : A. bankers automated clearing services
49. ECS payment ______ code is essential
Correct : A. micr
50. MICR is a numeric code that uniquely identifies a bank-branch participating in the ________
scheme.
Correct : D. ecs credit scheme
51. MICR is a ________ digit code.
Correct : A. 9
52. CTS was introduced RBI in _________
Correct : D. february 2008
53. ________ conversion of physical cheque into electronic form for transmission to the paying
bank.
Correct : A. cts
54. CORE stands for ________
Correct : B. centralized online real time exchange
55. Banking services that increasingly rest on technology and communication systems is popularly
known as ___________
Correct : A. hi-tech banking
56. _________ is also called virtual banking or anywhere banking.
Correct : C. internet banking
57. _________ banking implies co-operation among group of banks for various large scale banking
operations and to enjoy the economics of scale.
Correct : B. consortium banking
58. In _______ banking, different banks provide different banking services to a single borrower
without having a common arrangement or understanding between the lenders.
Correct : C. multiple banking
59. _______ banking refers to the establishment of banking unite which deal only with foreign
currency denominated assets & liabilities.
Correct : B. off-shore banking
60. Indian banks were nationalised in the year
Correct : B. 1969
61. Bankers are not only purveyors of money but also an important sense they are
Correct : B. Manufacturers
62. Primary functions of a commercial banks are ........... and lending
Correct : B. Accepting deposits
63. The total number of public sector banks in India is
Correct : C. 28
64. Indian Institute of Bankers is registered as.............
Correct : C. Joint Stock Company
65. The head quarters of National Housing Bank is
Correct : B. Mumbai
66. The Head quarters of Allahabad Bank is
Correct : C. Calcutta
67. The ‘Teller System’ has been introduced by banks to.........
Correct : B. Make quick payment of cheque
68. Money at call and short notice of a bank is ............
Correct : B. Bankers second line of advance
69. The terms drawer, drawee and payee are associated with;
Correct : A. Cheques
70. Where the RBI has no branch the bank which can act as its agent is;
Correct : C. SBI
71. Unless otherwise specified DD or cheques is valid for a period of;
Correct : C. 3 months
72. RBI was nationalised in the year
Correct : B. 1949
73. The drawee of a cheque is always..........
Correct : D. Bank
74. Commercial banks in India was organised as.......
Correct : B. Joint stock company
75. In India ............. banks are nationalised in the year 1969
Correct : C. 14
76. Second nationalisation of commercial banks (6 banks)was in the year
Correct : B. 1980
77. Cooperative banks are registered under.............
Correct : C. Co-operative societies act
78. The first Regional Rural Bank came into existence on
Correct : C. 1975
79. The largest public sector bank in India is
Correct : B. SBI
80. RRB Act was enacted in the year
Correct : C. 1975
81. ............. is the apex institution for rural development and rural credit
Correct : D. IRBI
82. RBI was established in the year
Correct : B. 1935
83. Medium term loans are meant for a period
Correct : A. 3-5 years
84. Possession of a security practically with the banker is in the case of
Correct : B. Pledge
85. Maximum number of withdrawals permitted per half year weather by cheque or
otherwise in saving bank account
Correct : C. 50
86. The banker’s obligation to pay his customers cheque is a duty towards............
Correct : B. The drawer
87. Collateral security means
Correct : D. Additional security
88. RBI issues currency notes on the basis of............
Correct : A. Minimum reserve
89. The term “Reserve” in Reserve bank of India indicates
Correct : B. It keeps reserves of all commercial banks
90. SBI was established in the year
Correct : C. 1955
91. For opening new branch of a bank should obtain the sanction of..........
Correct : C. RBI
92. Negotiable Instrument Act was passed in the year
Correct : C. 1881
93. NABARD is administered by
Correct : C. Board of Directors
94. A depositor can withdraw money from the bank any number of time in.............
Correct : C. Current a/c
95. A cheque is deemed stale after
Correct : B. 3 months
96. Bank rate policy is aimed at
Correct : C. Stabilising internal price level
97. Bank of England was established in the year
Correct : C. 1694
98. Garnishee order is to restrain a banker from
Correct : B. Making payment
99. A banker need not bother too much to open an account in the name of a person when
receiving.........
Correct : A. Term deposit
100. Primary relationship between banker and customer is that of