Top 350+ Solved Banking and Finance MCQ Questions Answer
Q. Which of the following statements related to Micro Finance System is wrong?
a. It provides micro credit having scope for small savings and remittances of funds
b. It based on the principles of livelihood creations
c. High volumes of low transactions done through this system
d. None is wrong
Q. When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as:
a. Term Deposit
b. Demand Deposit
c. Bond
d. Mortgage
Q. We should keep our savings with banks because
a. It is safe
b. Earns interest
c. Can be withdrawn anytime
d. All of above
Q. Bank having maximum number of branches in India
a. Reserve Bank of India
b. State Bank of India
c. Punjab National Bank
d. Bank of Baroda
Q. 100/- Rupee note is signed by
a. Prime Minister
b. Finance Minister
c. RBI Governor
d. None of above
Q. Industrial Finance Corporation of India, is a Non-Banking Finance Company
a. True
b. False
c. all
d. none
Q. Nomination can be done in
a. Savings Bank account
b. Recurring Deposit account
c. Fixed Deposit account
d. All of above
Q. Who is the present Governor of RBI?
a. K.C. Chakrabarty
b. D K Mittal
c. Raghuram Rajan
d. Monte k Singh Ahluwalia
Q. Regional Rural Banks (RRBs) were established by Regional Rural Banks Act in
a. 1976
b. 1970
c. 1971
d. 1973
Q. Bank does not provide loans for
a. Crop loans
b. Education loans
c. Home loans
d. Drinking & Gambling
Q. IDBI is the abbreviation of ……
a. Industrial Development Bank of India
b. Industrial Bank of India
c. Industrial Development Bank
d. Indian Development Bank of India
Q. ATM means
a. Any Time Money
b. Auto Truck of Mahindra
c. Automated Teller Machine
d. None of above