Top 350+ Solved Banking and Insurance MCQ Questions Answer
Q. Demand deposit also known as ---------------- .
a. Current a/c
b. Fixed Deposit a/c
c. Capital a/c
d. Recurring Deposit
Q. Commercial banks to expand deposit through expanding their loans and advances is known as--------.
a. Credit creation
b. Trade discount
c. Deposit
d. Bank advances
Q. Rediscounting and giving advance the central bank charges interest at a rate which is known as--------------.
a. CRR
b. SLR
c. Bank rate
d. Credit
Q. The nationalization of 14 commercial bank was on -----------------------.
a. 19 July 1969
b. 15 Aug 1972
c. 15 April 1980
d. 19 Jan 1959
Q. The State Bank of India was established under the State Bank of India Act on ----------------.
a. 1935
b. 1948
c. 1955
d. 1952
Q. ----------------commission recommended the formation of a central bank in 192
a. Narasimham Committee
b. Bretton Wood Committee
c. Hilton Young Committee
d. Banking Enquiry Committee
Q. Overdraft is a credit facility granted by commercial bank to------------- holders.
a. Current a/c
b. Cash a/c
c. Capital a/c
d. Reserve Fund
Q. Money at call and short notice is also known as----------------------.
a. Capital market
b. Interbank call money market
c. Financial system.
d. Financial call money
Q. Creation of derivative deposit out of the money from primary deposit is called---------------------
a. Cash credit
b. Lending money
c. Credit creation
d. Loan and advances
Q. “Buy now pay latter” is the motto of a---------------------
a. ATM
b. Debit card
c. Credit card
d. MICR
Q. E-purse is a prepaid card and is known as -----------------.
a. Stored value card
b. Electronic card
c. E-cash
d. Electronic credit card
Q. ----------------means the transfer of money from one bank a/c to another electronically
a. EFT
b. SWIFT
c. NEFT
d. E-purse
Q. Bank a/c over the world are inter-linked through satellite provided by------------------.
a. PSAM
b. SWIFT
c. EFT
d. NEFT
Q. In India , RTGS has been implemented on --------- .
a. 26 March 2004
b. 26 March 1998
c. 26 March 1994
d. 26 March 2002