Top 350+ Solved Banking and Insurance MCQ Questions Answer

From 361 to 375 of 386

Q. ----------is based on the principle of co-operation

a. Indemnity

b. Insurance

c. Claim

d. None

  • b. Insurance

Q. Fire insurance contract is a contract of --------.

a. Guarantee

b. Validity

c. Contribution

d. Indemnity

  • d. Indemnity

Q. The Imperial Bank was renamed:

a. Reserve Bank of India

b. State Bank of India

c. Bank of Hindustan

d. Punjab National Bank

  • b. State Bank of India

Q. The Regional Rural Banks were set up in the year

a. 1974

b. 1975

c. 1976

d. 1977

  • b. 1975

Q. The 2nd nationalization of six private banks was made in the year:

a. 1969

b. 1970

c. 1979

d. 1980

  • d. 1980

Q. In which year was the Banking Regulation Act passed?

a. 1949

b. 1955

c. 1959

d. 1969

  • a. 1949

Q. The card by which you cannot buy a product is:

a. Credit card

b. ATM card

c. Debit card

d. Smart card

  • b. ATM card

Q. Each Regional Rural Bank is sponsored by:

a. a private sector bank

b. a public sector bank

c. cooperative bank

d. none of the above

  • b. a public sector bank

Q. ___________is a central bank of a country. It acts as a leader of the money market.

a. Commercial bank

b. RBI

c. Development bank

d. SBI

  • b. RBI

Q. Non-schedule Bank have a paid up capital and reserves of aggregate value of less than

a. 2 lakhs

b. 3 lakhs

c. 4 lakhs

d. 5 lakhs.

  • d. 5 lakhs.

Q. Internet Banking is also known as

a. e-banking

b. virtual banking

c. both a and b

d. None of them.

  • c. both a and b
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