Top 350+ Solved Banking and Insurance MCQ Questions Answer
Q. Fire insurance contract is a contract of --------.
a. Guarantee
b. Validity
c. Contribution
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
Q. 14 of the major private sector banks in India were nationalized in the year:
a. 1969
b. 1970
c. 1979
d. 1980
Q. The 2nd nationalization of six private banks was made in the year:
a. 1969
b. 1970
c. 1979
d. 1980
Q. The card by which you cannot buy a product is:
a. Credit card
b. ATM card
c. Debit card
d. Smart 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
Q. The first Indian bank known as “The bank of Hindustan” was started in
a. 1770
b. 1771
c. 1772
d. 1773
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
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.
Q. Internet Banking is also known as
a. e-banking
b. virtual banking
c. both a and b
d. None of them.