Top 350+ Solved Banking and Insurance MCQ Questions Answer
Q. Marine insurance may cover loss or damage to the
a. Ship
b. Cargo
c. Any other subject of Marine adventure
d. All of these
Q. Hull insurance is a type of
a. Motor insurance
b. Fire insurance
c. Marine insurance
d. Miscellaneous insurance
Q. Freight insurance is under
a. Life insurance
b. Marine insurance
c. Fire insurance
d. Other miscellaneous insurance
Q. Fire insurance came into existence after the Great Fire of London in
a. 1666
b. 1866
c. 1686
d. 1687
Q. ----------lender of last resort.
a. Central Bank
b. Scheduled Bank
c. Commercial Bank
d. None of these
Q. When customer offers immovable property like land and building as security for a loan, charge thereon is created by means of--------------.
a. Pledge
b. Hypothecation
c. Mortgage
d. None of these
Q. The banking Ombudsman scheme was first introduced in-----------.
a. June 1994
b. June 1995
c. September 1998
d. June 2002
Q. --------------is a quasi judicial authority appointed by the RBI to redress customer complaints against certain deficiency in banking services.
a. Banking Ombudsman
b. Consumer redressal
c. Adjudicating authority
d. None of these
Q. To constitute a -----------there must be some recognizable course or habit of dealing in the regular banking business.
a. Banker
b. Customer
c. Creditor
d. Debtor
Q. A fixed deposit is meant for those investors who want to deposit a ----------- of money for a fixed deposit.
a. Small amount
b. Interval
c. Lump sum
d. Maturity
Q. Banks maintain customer’s a/c both for ----------- and -------------.
a. Loan and payment
b. Deposits and loans
c. Loans and interest
d. None of these
Q. --------------are running a/c with unlimited operational facilities.
a. Demand deposit a/c
b. Cumulative deposit a/c
c. Savings a/c
d. Time deposit a/c