Top 350+ Solved Banking and Insurance MCQ Questions Answer

From 46 to 60 of 386

Q. Credit for the purchase of Farm equipment & machinery for agriculture operations

a. Land purchase

b. Farm mechanization

c. Minor irrigation

d. Land development

  • b. Farm mechanization

Q. Which type of deposits gives highest rate of interest?

a. Current deposit

b. Fixed deposit

c. Recurring deposit

d. None

  • b. Fixed deposit

Q. Which bank deals with short-term credit

a. Agricultural B

b. Commercial B

c. Industrial B

d. None

  • b. Commercial B

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

  • a. Debtor & Creditor

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

  • b. Real Estate Development

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

  • 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

  • a. Current 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

  • 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

  • b. Lender

Q. When the customer borrows money from the bank, the bank becomes the

a. Debtor

b. Trustee

c. Creditor

d. Underwriter

  • c. Creditor

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

  • 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

  • a. Short term loan

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

  • d. fixed deposit
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