Top 350+ Solved Banking and Insurance MCQ Questions Answer
Q. 7. Who can open bank account?
a. Indian citizen
b. Non-resident of Indian
c. illiterate
d. all of above
Q. The first Indian bank is known as
a. Bank of Hindustan
b. Bank of Madras
c. Bank of Calcutta
d. Bank of Bombay
Q. What is Scheduled Bank in India?
a. It is included in the 11 Schedule of Banking Regulation Act.
b. It is Included in the 11 Schedule of Consitution.
c. It is included in the 11 Schedule of Reserve Bank of India Act.
d. None of these
Q. Which is the largest private sector bank in India
a. HDFC Bank
b. Axis Bank
c. ICICI Bank
d. Kotak Mahindra
Q. The type of card that can be issued by the government to the farmers to meet theircultivation needs and non-farm requirement is
a. Kisan Credit Card
b. ATM Card
c. Kisan Vikas Card
d. None of the above
Q. Which is the largest public sector bank in India
a. State Bank of India
b. Bank of Baroda
c. Canara Bank
d. Indian Overseas Bank
Q. If the account of a customer shows a credit balance, the banker will be:
a. Creditor
b. Debtor
c. Debtor and Creditor
d. None of the above
Q. Overdraft facilities are allowed in
a. Saving account
b. Fixed account
c. Current account
d. None of the above
Q. The purpose of the crop loan is to facilitate the agriculturists to carry on:
a. Allied activities
b. Irrigation only
c. Seasonal agricultural operations
d. None
Q. Industrial banks are specialised financial institutions established by government to:
a. Meet short term credit needs of the farmers
b. Provide Cash Credit and Overdraft facilities
c. Meet long term finance requirements of industries
d. Provide necessary training to farmers
Q. Which of the following is known as a Savings Bank Account opened with acommercial bank with zero balance or very minimal balance?
a. Current account
b. No-frills account
c. Fixed deposit account
d. Recurring account
Q. Deposits mobilised by the banks are utilised for:i. loans and advancesii. investment in government and other approved securities in fulfilment of liquidity stipulationiii. investment in commercial paper, shares, debentures up to stipulated ceilings
a. only (i)
b. both (ii) and (iii)
c. All the above
d. None of the above
Q. Overdraft facilities are allowed in
a. current a/c only
b. savings a/c only
c. fixed deposit only
d. recurring deposit only
Q. A kind of deposit where depositor is required to deposit a fixed amount at regular intervalfor a specific period is
a. term deposit
b. saving deposit
c. fixed deposit
d. recurring deposit