Top 350+ Solved Banking and Insurance MCQ Questions Answer
Q. When a banks make an advance to lump sum, the whole of which is withdrawn in cashimmediately by the borrowers who undertakes to repaid it in installments, it is called
a. Cash credit
b. loan
c. Home loan
d. Personal loan
Q. The Kisan credit card (KCC) is valid for normally a period of _____years subject to annual review
a. 6 years
b. 7 years
c. 8 years
d. 9 years
Q. Credit for the purchase of Farm equipment & machinery for agriculture operations
a. Land purchase
b. Farm mechanization
c. Minor irrigation
d. Land development
Q. Which type of deposits gives highest rate of interest?
a. Current deposit
b. Fixed deposit
c. Recurring deposit
d. None
Q. Which bank deals with short-term credit
a. Agricultural B
b. Commercial B
c. Industrial B
d. None
Q. Which one of the following is the most important relationship between banker & customer?
a. Debtor & Creditor
b. Bailee&Bailor
c. Agency & Principal
d. Trustee & Beneficiary
Q. Which one of this is not a function of commercial bank?
a. Accepting deposits
b. Real Estate Development
c. Paying bills
d. Safety Box Deposit
Q. Maximum amount of interest can be procured from
a. Savings/Demand Deposit A/c
b. Recurring Deposit A/c
c. Current A/c Deposit
d. Fixed Deposit A/c
Q. There is no interest on deposit in this type of account
a. Current A/c
b. Concurrent A/c
c. Recurring A/c
d. Solvency A/c
Q. IDBI stand for
a. International Debit Bank Incorporate
b. Industrial Debit Bank of India
c. Intensive Development Bank of India
d. Industrial Development Bank of India
Q. When a customer Deposits money with a bank, the customer becomes a
a. Borrower
b. Lender
c. Agent
d. Subsciber
Q. When the customer borrows money from the bank, the bank becomes the
a. Debtor
b. Trustee
c. Creditor
d. Underwriter
Q. Overdraft facility can be enjoyed in which account
a. Fixed Deposit A/c
b. Demand Deposit A/c
c. Recurring Deposit A/c
d. Current A/c Deposit
Q. Overdraft withdrawal is a
a. Short term loan
b. Medium term loan
c. Long term loan
d. Grant in aid
Q. A kind of deposit where depositor is required to deposit a fixed amount at regular interval for a specific period is
a. term deposit
b. recurring deposit
c. savings deposit
d. fixed deposit