Top 350+ Solved Banking and Insurance MCQ Questions Answer
Q. -------------is a funds transfer mechanism where account to another bank account is real time.
a. NEFT
b. EFT
c. ECS
d. RTGS
Q. ------------------------ Conversion of physical cheque into electronic form for transmission to the paying bank.
a. CTS
b. ECS
c. RTGS
d. None of the above
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
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
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
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
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
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
Q. Cooperative Banks in India have a
a. two-tier system
b. three-tier system
c. four-tier system
d. five-tier system
Q. 4. ATM can be used for
a. cash withdrawal
b. account enquiry
c. statement of account
d. all of above
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