1. Demand deposit also known as ---------------- .
Correct : A. Current a/c
2. Commercial banks to expand deposit through expanding their loans and advances is known as--------.
Correct : A. Credit creation
3. Rediscounting and giving advance the central bank charges interest at a rate which is known as
--------------.
Correct : C. Bank rate
4. The nationalization of 14 commercial bank was on -----------------------.
Correct : A. 19 July 1969
5. The State Bank of India was established under the State Bank of India Act on ----------------.
Correct : C. 1955
6. ----------------commission recommended the formation of a central bank in 1926.
Correct : C. Hilton Young Committee
7. Overdraft is a credit facility granted by commercial bank to------------- holders.
Correct : A. Current a/c
8. Money at call and short notice is also known as----------------------.
Correct : B. Interbank call money market
9. Creation of derivative deposit out of the money from primary deposit is called---------------------
Correct : C. Credit creation
10. The first joint stock Bank in India?
Correct : C. Imperial Bank
11. “Buy now pay latter” is the motto of a---------------------
Correct : C. Credit card
12. E-purse is a prepaid card and is known as -----------------.
Correct : A. Stored value card
13. ----------------means the transfer of money from one bank a/c to another electronically
Correct : A. EFT
14. Bank a/c over the world are inter-linked through satellite provided by------------------.
Correct : B. SWIFT
15. In India , RTGS has been implemented on --------- .
Correct : A. 26 March 2004
16. -------------is a funds transfer mechanism where account to another bank account is real time.
Correct : D. RTGS
17. MICR is a------------------digital code.
Correct : A. 9
18. CTS was introduced RBI in-------.
Correct : D. February 2008
19. ------------------------ Conversion of physical cheque into electronic form for transmission to the paying bank.
Correct : A. CTS
20. CORE stands for---------------- .
Correct : B. Centralized Online Real time Exchange
21. Banking services that increasingly rest on technology and communication system is popularly known as ---------------.
Correct : A. Hi-tech banking
22. ----------- is also called Virtual Banking or anywhere banking.
Correct : C. Internet banking
23. Deposit are secondary or derived from the primary deposits is known as-------------.
Correct : D. Derivative deposit
24. The Govt. delegates the right of--------------to the central bank.
Correct : A. Printing currency note
25. The deposit balances kept by all commercial banks with the central bank are known as---------.
Correct : C. Cash reserve
26. ----------lender of last resort.
Correct : A. Central Bank
27. When customer offers immovable property like land and building as security for a loan, charge thereon is created by means of--------------.
Correct : C. Mortgage
28. The banking Ombudsman scheme was first introduced in-----------.
Correct : B. June 1995
29. --------------is a quasi judicial authority appointed by the RBI to redress customer complaints against certain deficiency in banking services.
Correct : A. Banking Ombudsman
30. To constitute a -----------there must be some recognizable course or habit of dealing in the regular banking business.
Correct : B. Customer
31. A fixed deposit is meant for those investors who want to deposit a ----------- of money for a fixed deposit.
Correct : C. Lump sum
32. Banks maintain customer’s a/c both for ----------- and -------------.
Correct : B. Deposits and loans
33. --------------are running a/c with unlimited operational facilities.
Correct : A. Demand deposit a/c
34. Current a/c are also called-------------.
Correct : C. Demand deposit a/c
35. The minimum period for which a commercial bank can accept term deposit is ----------.
Correct : B. 7 days
36. Interest on fixed deposit is compounded-------------.
Correct : C. Quarterly
37. The minimum investment of recurring deposit varies---------.
Correct : C. 100
38. ----------a/c is opened by NRIs in Indian Banks
Correct : C. NRE
39. ------------ is an anti money laundering measure specified in the prevention of money laundering act 2002.
Correct : C. KYC
40. A cheque is-------------------.
Correct : B. Negotiable instrument
41. As per the Act Negotiable instrument means--------
Correct : A. Document
42. Bill of exchange is a------------
Correct : C. Need not be a printed form
43. ---------cheque is easily transferred from one person to another by mere delivery
Correct : B. Bearer cheque
44. The payees name is written on the cheque is called-----------.
Correct : D. Order cheque
45. -----------cheque cannot be transferred from one person to another person by mere delivery.
Correct : C. Order cheque
46. A cheque can be crossed by drawing two transverse parallel lines through top left corner of cheque is called -------------.
Correct : C. Crossed cheque
47. If a cheque is torn into two or more pieces and presented for payment is called a-------------
Correct : B. Mutilated cheque
48. Cheque in which the drawer mentions the date earlier to the date of presenting it for payment is called -----------
Correct : A. Anti-dated cheque
49. If a cheque has bears a date which is yet to come is termed as a
Correct : A. Post dated cheque
50. -------------- is a person who became the possessor or payee of a negotiable instrument for a consideration.
Correct : C. Holder in due course
51. ---------------cheque is generated written and signed electronically .
Correct : D. Electronic cheque
52. The physical monument of a paper cheque is sued stop is
Correct : C. Cheque Truncation
53. In general crossing two ______ transverse lines are compulsory
Correct : A. Parallel
54. __________ means signing on the back of negotiable instrument with a view to transfer the title in the instrument to another person
Correct : D. Endorsement
55. Cheque contains a previous date is_____________
Correct : B. Ante dated cheque
56. NABARD was set up on
Correct : C. 1982
57. ________ is one of the aspects of Micro Finance
Correct : C. Micro credit
58. __________is the provision of credit service to poor clients
Correct : A. Micro credit
59. ________ is the apex co-operative bank in a state
Correct : A. State co-operative Bank
60. The nationalization of 14 major commercial bank was in June 1969 & six more banks were nationalized in April
Correct : B. 1980
61. Demand deposits are those which can be withdrawn ------------------
Correct : A. On demand
62. Current deposits are not entitled to-------------------.
Correct : D. Interest
63. Introduction in all deposits account is ----------------.
Correct : B. Compulsory
64. Sec 138 state that drawer of a cheque is liable to be punished if the cheque is bounded for-----------.
Correct : D. Insufficient fund
65. When a drawer draws a cheque without keeping sufficient balance and if the cheque is dishonored for insufficient funds, the drawer is punishable with and imprisonment which may extend to -------- and or a fine.
Correct : C. 1 year
66. Where the signature of the drawer of a cheque is not genuine such a cheque is called --------------
Correct : B. Forged cheque
67. A banker on whom a cheque is drawn by the customer is-----------------------.
Correct : B. Paying banker
68. A banker who collects a cheque for and on behalf of his customer is-----------------.
Correct : A. Collecting banker
69. When a banker makes payment of a cheque after making hour he will be held ---------.
Correct : A. Liable
70. One of the conditions to honour the cheque by the paying banker is that amount in figures and words should---------.
Correct : B. Tally
71. Where a customer by a letter has advised the bank directing the banker not to honour/pay a particular cheque such a letter is called
Correct : C. Stop payment letter
72. Where a customer has issued a cheque date of which is yet to come such a cheque is called ---------.
Correct : B. Post dated cheque
73. Promissory notes, bills of exchange and cheque are together defined as--------------.
Correct : A. Negotiable instrument
74. N1 are easily ----------.
Correct : A. Transferrable
75. A cheque is drawn on a -----------------.
Correct : C. Bank
76. A cheque is payable on-----------------
Correct : A. Demand
77. Two parallel transfers lines across the cheque is called --------------.
Correct : D. Crossing
78. Crossing is a direction to the---------------bank to pay the cheque to the payee through a bank.
Correct : C. Paying
79. When a cheque is drawn on a bank, the banker is called the___________
Correct : D. Drawee
80. The crossing ina crossed cheque can be cancelled by--------------------------
Correct : A. Drawer
81. Acts done honestly is called the acts done
Correct : D. In good faith
82. Mere signature of the payee on the reverse of the instrument is called ___________endorsement
Correct : B. Blank
83. “ Sans resource” means________________
Correct : D. Without liability to me
84. Garnishee order is issued by__________
Correct : D. Court of law
85. Mandate is-----------------
Correct : D. Stamped documents
86. Reserve bank was constituted under
Correct : B. RBI act
87. Banking companies are licensed by _______________
Correct : A. Reserve bank
88. E banking customers need not visit the bank , to meet cash requirement of self through
Correct : D. ATM
89. Tele-Banking services function is available with bank computers , based on
Correct : B. Voice processing
90. Benefits of e-banking to consumer
Correct : D. All of the above
91. Banking regulation act was passed in …………………..
Correct : C. 1949
92. Which of the following limits the power of credit creation by commercial banks
Correct : B. Monetary policy
93. The institution that provides long term loan to industries
Correct : A. Industrial bank
94. The banks which are owned and controlled by government
Correct : B. Public sector banks
95. How many banks were nationalized in 1969
Correct : B. 14
96. HDFC bank is an example of ………………………………………
Correct : A. Private sector Indian bank
97. ……………………………… is the central bank of India
Correct : A. RBI
98. Accepting deposits and lending money is the ………………………………………….function of commercial banks