Top 350+ Solved Banking and Insurance MCQ Questions Answer
Q. What types of deposits earn higher interest rate?
a. current account
b. savings account
c. Fixed deposit
d. none of these
Q. In recurring deposits,
a. a fixed sum is deposited every month
b. period of deposit is a fixed tenure
c. interest is paid at FDR rate
d. all the above
Q. 5. The banker customer relationship in credit card payment is
a. creditor-debtor
b. debtor-creditor
c. agent principle
d. principle-agent
Q. 6. The credit policy of bank does not consists of?
a. lending policies
b. quality control
c. loan product mix
d. advertising of loan products
Q. The relationship between RBI and the Bank maintaining the currency chest is that of?
a. debtor and creditor
b. principle and agent
c. bailor and bailee
d. none of these
Q. ------ is the rate at which the central bank rediscounts the bills of commercial banks
a. Bank Rate Policy
b. Central bank rate
c. Credit rate
d. None of these
Q. ___________is a kind of deposit where depositor is required to deposit a fixed amount of money every month for a specific period of time
a. Term deposit
b. Recurring deposit
c. Savings deposit
d. Fixed deposit
Q. When a customer deposits money with a bank, the customer becomes a lender and the bank become a__________
a. Trustees
b. Custodian
c. Borrower
d. agent
Q. Different types of advances are
a. Loans, cash credit and overdraft
b. Bill discounted and purchased
c. Both (i) and (ii)
d. None of the above
Q. Overdraft facilities are allowed in
a. Current account only
b. Savings account only
c. Fixed deposit only
d. Recurring deposit only
Q. The primary relationship between a banker and customer starts from the time
a. when customer visits that bank
b. when customer opens account
c. when customer visits that bank to made queries
d. All of the above
Q. ______________ is the right of a person to retain the property of another person in his possession untill the debt from that owner of that property is repaid
a. Lien
b. Retainment
c. Retrenchment
d. Libel
Q. The right of set-off customers account can be exercised only by a
a. Creditors
b. Debtors
c. Banker
d. Customer
Q. The Governor of the Reserve Bank of India currently is:
a. Raghuram G. Rajan
b. Urjit Patel
c. Shaktikanta Das
d. NirmalaSitharaman