5. A banker has the right to disclose the account position of a customer to...........
Correct : C. Trade reference
6. An account usually maintained by businessmen in a bank is
Correct : A. Current account
7. The system of banking attracting deposits and lending for short period is called
Correct : B. Deposit banking
8. When a loan is advanced on the basis of immovable property, it is called
Correct : C. Mortgage
9. When a loan is advanced on the basis of movable property, it is called
Correct : B. Hypothecation
10. Which of the following are not methods of credit control
Correct : C. Issue of notes
11. The banker will refuse payment against
Correct : D. All of these
12. The following is not a demand deposit
Correct : A. Fixed deposit
13. A cheque bearing a back date from the date of issue is
Correct : D. Ante dated cheque
14. Banker lien shall not exercise upon
Correct : D. Safe custody deposits
15. Key loans are usually allowed on
Correct : D. Goods for sale
16. The country popular for unit banking is
Correct : C. America
17. Overdraft facility is allowed to reputed customers on
Correct : B. Current account
18. The authority controlling the clearing house scheme is
Correct : A. RBI
19. Crossing of a cheque can be done by
Correct : C. Any holder
20. Cash Reserve Ratio of banks is insisted in RBI Act of 1934 under section
Correct : B. 42
21. In order to determine a cheque valid or not one has to examine..........
Correct : D. Date that cheque bears
22. RBI is an example of
Correct : B. Statutory company
23. A bank draft is drawn by
Correct : B. Bank
24. Pledge means........
Correct : C. Bailment of goods as security
25. One Rupee notes is issued by
Correct : C. Ministry of Finance
26. A place where representatives of banks meet to settle cheques for collection
Correct : C. Clearing house
27. Which of the following is subsidiary function of a bank
Correct : D. Banking services
28. Ownership of IDBI is vested with
Correct : B. Govt. Of India
29. Credit card system was firstly developed in..........
Correct : B. Bank of America
30. Call deposit is modified form of................
Correct : D. SB deposit
31. The EXIM bank established in the year
Correct : A. 1982
32. NABARD was established in the year
Correct : B. 1982
33. Lead Bank scheme was introduced by RBI in the year
Correct : B. 1969
34. Rule of Claytons Case is related with
Correct : B. Appropriation of debt
35. Garnishee order is issued by
Correct : D. Court of law
36. Scheduled bank is one.................
Correct : A. Which is included in II schedule of RBI
37. SBI was set up by nationalising
Correct : B. Imperial bank
38. A bankers lien is
Correct : A. General
39. Number of subsidiary banks of SBI is
Correct : D. 7
40. Signature of one rupee note is of.....
Correct : B. Finance secretary
41. Origin of banking is said to be closely connected with
Correct : D. Jews
42. The best example of pure commercial banking is
Correct : A. British banking
43. Which country’s banking is regarded as best example of mixed banking
Correct : A. Germany
44. Money at call is otherwise known as..........
Correct : B. Overnight money
45. ............ bank is one which specialise in financing foreign trade of a country
Correct : D. Exchange
46. “A central bank is an institution charged with responsibility of regulating supply and cost
of money in the interest of general public”. This definition was made by;
Correct : D. Dudley Johnson
47. Commercial bank can be either unit banking type or ----------- banking type.
Correct : B. Branch
48. Discounting of bills of exchange is.......... function of commercial banks
Correct : A. Lending
49. Industrial banks are also called .......... as they subscribing the securities issued by the
industrial concerns.
Correct : D. Investment bank
50. IDBI and IFCI are examples of...........
Correct : C. Industrial bank
51. International Bank for Reconstruction and Development is popularly known as
Correct : C. World bank
52. Payment of premium by a commercial bank is a part of their........ System.
Correct : B. Agency
53. Unit banks are linked with bigger banks by a system called........
Correct : C. Correspondent banking
54. Bank is a “factory” of.............
Correct : C. Credit
55. NPA stands for.............
Correct : B. Nonperforming Assets
56. Commercial banks act as income tax consultant. This is a.............. function.
Correct : B. Utility
57. .......... Ratio refers to that portion of total deposits of commercial bank which it has to
keep with central bank in the form of cash reserve.
Correct : B. CRR
58. Non Banking Financial Corporation’s (NBFCs) are otherwise known as...........
Correct : B. Para banks
59. Maximum period for which deposits can be obtained by a NBFC is
Correct : C. 10 years
60. In banking sector, KYC stands for
Correct : C. Know your customers
61. The process of replacing physical cheque with electronic cheque is..........
Correct : C. Truncation
62. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security
Interest Act (SARFASIA) came into effect on.............
Correct : B. June 2002
63. Commission recommended for the formation of RBI is
Correct : C. Hil Ton Young commission
64. Dues made by debtors are...............
Correct : A. NPA
65. ---------- represents the rate at which the central bank absorbs liquidity from the
banks
Correct : D. Reverse Repo
66. The first foreign bank which introduced merchant bank in India is
Correct : A. Grindlays bank
67. The first Indian public sector bank which introduced its own merchant bank
division in India
Correct : C. SBI
68. Which of the following is quantitative measure of credit control of RBI
Correct : C. Open market operation
69. Banking Regulation Act passed in the year
Correct : C. 1949
70. The first development bank in India is
Correct : B. IFCI
71. ICICI was established in the year
Correct : C. 1955
72. SIDBI was established as a wholly owned subsidiary of..........
Correct : C. IDBI
73. The apex development bank in India is
Correct : B. IDBI
74. The apex financial institution in India is
Correct : D. RBI
75. ATM stands for...........
Correct : C. Automated Teller Machine
76. Central Land Mortgage Bank was started in Madras in
Correct : D. 1929
77. Central Co-operative banks are organised at........... level
Correct : B. District
78. Head quarters of RBI is
Correct : B. Mumbai
79. Head quarters of NABARD is
Correct : B. Mumbai
80. Area of operation of RRB comprises of
Correct : A. One or more district
81. Chairman of NABARD is appointed by
Correct : D. Central Govt.
82. LAB stands for......
Correct : B. Local Area Bank
83. Largest bank in the world (asset wise) is.......
Correct : A. BNP Paribus
84. Largest bank in the world in branches is.......
Correct : B. SBI
85. The present Governor of RBI is
Correct : C. Raghuram Rajan
86. Industrial Reconstruction Bank of India(IRBI) was established in the year
Correct : C. 1985
87. ............ is “Pay later product”
Correct : C. Credit card
88. ............ is “Pay now product”
Correct : A. Debit card
89. Banking Ombudsman was established in...........
Correct : C. 1995
90. Another name of credit card is.......
Correct : C. Plastic money
91. Credit card was first time launched in the world by..........
Correct : B. Bank of America
92. “Either of Survivor” account in a bank is............account
Correct : B. Joint account
93. RTGS stands for.........
Correct : B. Real Time Gross Settlement
94. A Head quarter of SIDBI is..........
Correct : D. Lucknow
95. The first new generation bank starts its operation in India
Correct : A. ICICI
96. The first new private sector bank is...............
Correct : D. UTI bank
97. Money lenders in Kerala come under purview of........
Correct : D. Kerala Money lenders Act
98. Imperial bank of India was established by amalgamation of .......... presidency
banks
Correct : A. 3
99. Custodian of National Rural Credit Stabilisation Fund