Top 350+ Solved Banking and Insurance MCQ Questions Answer
Q. CORE Banking means ………………………………………
a. Centralized online real time exchange
b. Centralized offshore real-time Easy fund
c. None of these
d. Classification of real-time E-Banking
Q. The use of technology and telecommunication systems in banking services is known as ………………………………
a. Internet banking
b. Off shore banking
c. Hi-tech banking
d. None of these
Q. EFT stands for ………………………………………………..
a. Easy Fund Transfer
b. Electronic Fund Transfer
c. Equity fund Transfer
d. None of these
Q. Name the electronic machine which is operated by the customer to make deposits and withdraws
a. Cash vending machine
b. ATM
c. POS Terminal
d. Payment gateway
Q. The method of banking that allows customers to perform banking transactions through a bank’s website hosted in the internet
a. Internet banking
b. Mobile banking
c. Hi-tech Banking
d. None of these
Q. The mechanism by which a person can make purchases without immediate cash payment
a. Credit banking
b. ATM Card
c. Payment card
d. None of these
Q. ……………………………. Card which helps a person to purchase Goods and services and makes payment from his own deposit a/c
a. Credit card
b. Debit card
c. ATM card
d. none of these
Q. ………………………………………. Is a valid contract between the insured and the insurer
a. Policy
b. Insurance
c. Warranties
d. None
Q. From the following, which is not a type of risk
a. Speculative risk
b. Fundamental
c. Dynamic
d. Quantitative Risk
Q. ………………………………………….means to make good the actual loss and nothing more than the actual loss
a. Indemnity
b. Subrogation
c. Contribution
d. None
Q. From the following which is not a miscellaneous insurance?
a. Motor
b. Third party
c. Social
d. Burglary
Q. Marine insurance is for one year or for a …………………………….. Specified period
a. Voyage
b. Year
c. Loss
d. None
Q. The life insurance contract is expressed in a document known as ………………………………….
a. Premium
b. Policy
c. Indemnity
d. None
Q. ……………………………………………….is a voluntary termination of the contract by the policy holder
a. Report
b. Surrender
c. Prospectus
d. Couer