2. Bankers are not only purveyors of money but also an important sense they are
Correct : B. manufacturers
3. Primary functions of a commercial banks are ........... and lending
Correct : B. accepting deposits
4. The total number of public sector banks in India is
Correct : C. 28
5. Indian Institute of Bankers is registered as.............
Correct : C. joint stock company
6. The head quarters of National Housing Bank is
Correct : B. mumbai
7. The Head quarters of Allahabad Bank is
Correct : C. calcutta
8. The ‘Teller System’ has been introduced by banks to.........
Correct : B. make quick payment of cheque
9. Money at call and short notice of a bank is ............
Correct : B. bankers second line of advance
10. The terms drawer, drawee and payee are associated with;
Correct : A. cheques
11. Where the RBI has no branch the bank which can act as its agent is;
Correct : C. sbi
12. Unless otherwise specified DD or cheques is valid for a period of;
Correct : C. 3 months
13. RBI was nationalised in the year
Correct : B. 1949
14. The drawee of a cheque is always..........
Correct : D. bank
15. Commercial banks in India was organised as.......
Correct : B. joint stock company
16. In India ............. banks are nationalised in the year 1969
Correct : C. 14
17. Second nationalisation of commercial banks (6 banks)was in the year
Correct : B. 1980
18. Cooperative banks are registered under.............
Correct : C. co-operative societies act
19. The first Regional Rural Bank came into existence on
Correct : C. 1975
20. The largest public sector bank in India is
Correct : B. sbi
21. RRB Act was enacted in the year
Correct : C. 1975
22. ............. is the apex institution for rural development and rural credit
Correct : D. irbi
23. RBI was established in the year
Correct : B. 1935
24. Medium term loans are meant for a period
Correct : A. 3-5 years
25. Possession of a security practically with the banker is in the case of
Correct : B. pledge
26. Maximum number of withdrawals permitted per half year weather by cheque or
otherwise in saving bank account
Correct : C. 50
27. The banker’s obligation to pay his customers cheque is a duty towards............
Correct : B. the drawer
28. Collateral security means
Correct : D. additional security
29. RBI issues currency notes on the basis of............
Correct : A. minimum reserve
30. The term “Reserve” in Reserve bank of India indicates
Correct : B. it keeps reserves of all commercial banks
31. SBI was established in the year
Correct : C. 1955
32. For opening new branch of a bank should obtain the sanction of..........
Correct : C. rbi
33. Negotiable Instrument Act was passed in the year
Correct : C. 1881
34. NABARD is administered by
Correct : C. board of directors
35. A depositor can withdraw money from the bank any number of time in.............
Correct : C. current a/c
36. A cheque is deemed stale after
Correct : B. 3 months
37. Bank rate policy is aimed at
Correct : C. stabilising internal price level
38. Bank of England was established in the year
Correct : C. 1694
39. Garnishee order is to restrain a banker from
Correct : B. making payment
40. A banker need not bother too much to open an account in the name of a person when
receiving.........
Correct : A. term deposit
41. Primary relationship between banker and customer is that of
Correct : C. debtor and creditor
42. Bankers lien is a general lien and is
Correct : B. an implied pledge
43. Which country is popular for branch banking
Correct : A. britain
44. Whose signature is affixed on currency notes
Correct : C. rbi governor
45. A post dated cheque is one which bears;
Correct : B. future date
46. A banker has the right to disclose the account position of a customer to...........
Correct : C. trade reference
47. An account usually maintained by businessmen in a bank is
Correct : A. current account
48. The system of banking attracting deposits and lending for short period is called
Correct : B. deposit banking
49. When a loan is advanced on the basis of immovable property, it is called
Correct : C. mortgage
50. When a loan is advanced on the basis of movable property, it is called
Correct : B. hypothecation
51. Which of the following are not methods of credit control
Correct : C. issue of notes
52. The banker will refuse payment against
Correct : D. all of these
53. The following is not a demand deposit
Correct : A. fixed deposit
54. A cheque bearing a back date from the date of issue is
Correct : D. ante dated cheque
55. Banker lien shall not exercise upon
Correct : D. safe custody deposits
56. Key loans are usually allowed on
Correct : D. goods for sale
57. The country popular for unit banking is
Correct : C. america
58. Overdraft facility is allowed to reputed customers on
Correct : B. current account
59. The authority controlling the clearing house scheme is
Correct : A. rbi
60. Crossing of a cheque can be done by
Correct : C. any holder
61. Cash Reserve Ratio of banks is insisted in RBI Act of 1934 under section
Correct : B. 42
62. In order to determine a cheque valid or not one has to examine..........
Correct : D. date that cheque bears
63. RBI is an example of
Correct : B. statutory company
64. A bank draft is drawn by
Correct : B. bank
65. Pledge means........
Correct : C. bailment of goods as security
66. One Rupee notes is issued by
Correct : C. ministry of finance
67. A place where representatives of banks meet to settle cheques for collection
Correct : C. clearing house
68. Which of the following is subsidiary function of a bank
Correct : D. banking services
69. Ownership of IDBI is vested with
Correct : B. govt. of india
70. Credit card system was firstly developed in..........
Correct : B. bank of america
71. Call deposit is modified form of................
Correct : D. sb deposit
72. The EXIM bank established in the year
Correct : A. 1982
73. NABARD was established in the year
Correct : B. 1982
74. Lead Bank scheme was introduced by RBI in the year
Correct : B. 1969
75. Rule of Claytons Case is related with
Correct : B. appropriation of debt
76. Garnishee order is issued by
Correct : D. court of law
77. Scheduled bank is one.................
Correct : A. which is included in ii schedule of rbi
78. SBI was set up by nationalising
Correct : B. imperial bank
79. A bankers lien is
Correct : A. general
80. Number of subsidiary banks of SBI is
Correct : D. 7
81. Signature of one rupee note is of.....
Correct : B. finance secretary
82. Origin of banking is said to be closely connected with
Correct : D. jews
83. The best example of pure commercial banking is
Correct : A. british banking
84. Which country’s banking is regarded as best example of mixed banking
Correct : A. germany
85. Money at call is otherwise known as..........
Correct : B. overnight money
86. ............ bank is one which specialise in financing foreign trade of a country
Correct : D. exchange
87. “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
88. Commercial bank can be either unit banking type or ----------- banking type.
Correct : B. branch
89. Discounting of bills of exchange is.......... function of commercial banks
Correct : A. lending
90. Industrial banks are also called .......... as they subscribing the securities issued by the
industrial concerns.
Correct : D. investment bank
91. IDBI and IFCI are examples of...........
Correct : C. industrial bank
92. International Bank for Reconstruction and Development is popularly known as
Correct : C. world bank
93. Payment of premium by a commercial bank is a part of their........ System.
Correct : B. agency
94. Unit banks are linked with bigger banks by a system called........
Correct : C. correspondent banking
95. Bank is a “factory” of.............
Correct : C. credit
96. NPA stands for.............
Correct : B. nonperforming assets
97. Commercial banks act as income tax consultant. This is a.............. function.
Correct : B. utility
98. .......... 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
99. Non Banking Financial Corporation’s (NBFCs) are otherwise known as...........
Correct : B. para banks
100. Maximum period for which deposits can be obtained by a NBFC is