Top 350+ Solved Banking and Insurance MCQ Questions Answer

From 16 to 30 of 386

Q. MICR is a------------------digital code.

a. 9

b. 11

c. 7

d. 13

Q. CTS was introduced RBI in-------.

a. February 1995

b. January 2006

c. July 2004

d. February 2008

  • d. February 2008

Q. CORE stands for---------------- .

a. Central operations of Exchange

b. Centralized Online Real time Exchange

c. Challenge of Online Real time Exchange

d. Centralized Online Real time Efficiency

  • b. Centralized Online Real time Exchange

Q. Banking services that increasingly rest on technology and communication system is popularly known as ---------------.

a. Hi-tech banking

b. Internet banking

c. Mobile banking

d. All the above

  • a. Hi-tech banking

Q. ----------- is also called Virtual Banking or anywhere banking.

a. Hi-tech banking

b. Off shore banking

c. Internet banking

d. None of the above

  • c. Internet banking

Q. Deposit are secondary or derived from the primary deposits is known as-------------.

a. Credit creation

b. Multiple credit creation

c. Single credit creation

d. Derivative deposit

  • d. Derivative deposit

Q. The Govt. delegates the right of--------------to the central bank.

a. Printing currency note

b. Coins

c. One Rupee note

d. All of these

  • a. Printing currency note

Q. The deposit balances kept by all commercial banks with the central bank are known as---------.

a. Earning per share

b. Reserve

c. Cash reserve

d. General reserve

  • c. Cash reserve

Q. RRB was set up in the year

a. 1945

b. 1935

c. 1975

d. 1976

  • c. 1975

Q. Cooperative Banks in India have a

a. two-tier system

b. three-tier system

c. four-tier system

d. five-tier system

  • b. three-tier system

Q. 4. ATM can be used for

a. cash withdrawal

b. account enquiry

c. statement of account

d. all of above

  • d. all of above

Q. 5. Coins are issued by

a. RBI

b. NABARD

c. Public sector banks

d. Government of India

  • d. Government of India

Q. 6. Internet Banking refers to

a. operation of account through internet

b. opening of account through ATM

c. Both a) and b)

d. None of above

  • a. operation of account through internet
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