Top 350+ Solved Banking and Finance MCQ Questions Answer
Q. When a deposit of money is received by the banker , the customer becomes the …………..?
a. debtor
b. creditor
c. customer
d. lender
Q. The primary relationship between banker and customer is …………….
a. Giver and receiver
b. debtor and creditor
c. insurer
d. insured
Q. A ……….. is a person to whom the management of a particular property isentrusted for the exclusive benefit of a third party
a. customer
b. beneficiary
c. trustee
d. agent
Q. ………… is the right of a creditor to retain possession of the property belonging to the debtor until certain demands of the person in possession are satisfied.
a. Lien
b. Returning
c. Surrender
d. None of these
Q. FDR stands for …………..
a. Fixed Delivery Receipt
b. Fixed Deposit Receipt
c. Final Deposit Receipt
d. Final Delivery Receipt
Q. In the case of a cheque the drawee will always be a specified ………… withwhom the drawer keeps an account.
a. person
b. partner
c. customer
d. banker
Q. ………… is a person to whom the amount of a cheque is payable
a. Drawer
b. Drawee
c. Payee
d. Customer
Q. Which one of them are correct in the case of parties involved in a cheque ?
a. Debtor and Creditor
b. Banker and customer
c. Drawer, Drawee and Payee
d. Drawer and Payee
Q. In which types of banking system several banks joins hands with each other formeeting the credit requirements of the large borrower ?
a. group banking
b. consortium banking
c. net banking
d. none of these
Q. Th e practice of conducting banking transactions from home rather than atbank branches by means of electronic telecommunication known as------
a. branch banking
b. group banking
c. chain banking
d. home banking
Q. NPA means ----
a. Net Performing Assets
b. Non-Performing Asset
c. Net profit Acceptance
d. None of these