Top 350+ Solved Banking and Finance MCQ Questions Answer
Q. Bank draft is issued by
a. Private Sector Banks
b. Regional Rural Banks
c. Public Sector Banks
d. All of above
Q. Industrial Reconstruction Corporation of India is the abbreviation of
a. IFCI
b. IRCI
c. IIRC
d. ICRI
Q. The main function of the Export and Import Bank of India is
a. To provide assistance to industries.
b. To provide assistance to Agriculture
c. To provide assistance to steel industries
d. none of the above.
Q. Export-Import (EXIM) Bank of India is the principal financial institution set up in
a. 1982
b. 1983
c. 1985
d. 1986
Q. SIDBI is one of the four All India Financial Institutions regulated and supervised bythe Reserve Bank of India
a. True
b. False
c. all
d. none
Q. National Bank for Agriculture and Rural Development (NABARD) is anapex …………………………….. fully owned by Government of India.
a. Development finance institution
b. Credit financial institution.
c. Agricultural Development institution
d. National saving development
Q. Current deposit is also known as ……….
a. Savings deposit
b. demand deposit
c. time deposit.
d. recurring deposit
Q. which deposits are repayable after the expiry of the fixed period ?
a. demand deposit
b. time deposit
c. savings deposit
d. recurring deposit
Q. …………… is a credit facility granted by commercial banks to currentaccount holders
a. Cash credit
b. overdraft
c. discounting of bills of exchange
d. demand loans
Q. The process of …………. begins with banks lending money out ofprimary deposit.
a. credit creation
b. cash credit
c. debit creation
d. over draft
Q. NBFI s refers to ……….
a. Non Banking Financial Industries
b. Non Banking Financial Institution
c. Net Banking Financial Industries
d. Net Banking Financial Institutions
Q. Delivery of financial services at affordable costs to the disadvantaged Low income segments of the society known as………..
a. Credit creation
b. financial exclusion
c. Financial Inclusion
d. consumer credit
Q. When a deposit of money is received by the banker , the banker becomes the…………?
a. creditor
b. debtor
c. receiver
d. customer