Top 350+ Solved Banking and Insurance MCQ Questions Answer
Q. When a cheque is drawn on a bank, the banker is called the___________
a. Drawer
b. Endorser
c. Acceptor
d. Drawee
Q. The crossing ina crossed cheque can be cancelled by--------------------------
a. Drawer
b. Endorser
c. Acceptor
d. Drawee
Q. Acts done honestly is called the acts done
a. Without negligence
b. Rashly
c. Mollified
d. In good faith
Q. Mere signature of the payee on the reverse of the instrument is called ___________endorsement
a. Full
b. Blank
c. Conditional
d. Restrictive
Q. “ Sans resource” means________________
a. I am not afraid
b. Do not touch me
c. Ask the drawer
d. Without liability to me
Q. Garnishee order is issued by__________
a. Police officer
b. Revenue Authority
c. Enforcement Authority
d. Court of law
Q. Mandate is-----------------
a. Stamped agreement
b. Order of the court of law
c. Memorandum of understanding
d. Stamped documents
Q. Banking companies are licensed by _______________
a. Reserve bank
b. Registrar of Companies
c. Company Law board
d. None of these
Q. E banking customers need not visit the bank , to meet cash requirement of self through
a. Electronic funds transfer
b. Tele Banking
c. On- line banking
d. ATM
Q. Tele-Banking services function is available with bank computers , based on
a. Virtual banking
b. Voice processing
c. Brick and Mortar processing
d. None of these
Q. Benefits of e-banking to consumer
a. Anywhere banking
b. Anytime banking
c. Reduction in cost
d. All of the above
Q. Which of the following limits the power of credit creation by commercial banks
a. Fiscal policy
b. Monetary policy
c. Business pessimism
d. None of these
Q. The institution that provides long term loan to industries
a. Industrial bank
b. Commercial Bank
c. Exchange bank
d. Central bank