Top 350+ Solved Banking and Insurance MCQ Questions Answer
Q. A Central Bank is the sole authority for
a. Printing and Issuing currency note
b. Lending to public
c. Accepting deposits from customer
d. Issuing cheques
Q. The head of the Reserve Bank of India is called
a. Chairman
b. President
c. Governor
d. Councillor
Q. What is bank rate?
a. Rate at which a Central Bank lends money to Central Government
b. Rate at which a Central Bank lends money to commercial banks
c. Rate at which a Central Bank lends money to State Government
d. Rate of Interest at which a Central Bank accepts deposits from Commercial Banks
Q. Commercial Bank as the name suggest is a bank functioning for
a. Social welfare
b. Public interest
c. Profit motive
d. Growth of industry
Q. Commercial Banks make money available to public by
a. A.T.M
b. Honouring cheques
c. Issuing money on demand from Savings A/c
d. giving out loan
Q. A co-operative bank is established for the interest of
a. Members involved
b. Public
c. Lower status in the society
d. Investors
Q. Which of the following is not the function of RBI?
a. Acting as banker to the government
b. Keeping of foreign exchange reserve
c. issuing of one rupee notes and coins
d. regulating credit in the country
Q. The accounting year of the Reserve bank of India come from?
a. 1st july – 1st june
b. 1st April – 30th March
c. 1st July – 30th June
d. 1st January – 31st December
Q. What is the most widely used tool of monetary policy?
a. issuing of notes
b. open market operations
c. Discount rate
d. none of these
Q. Co-operative banks which work at metropolitan level are called as?
a. District central Co-operative bank
b. State co-operative bank
c. Primary Urban Co-operative Bank
d. Primary Agricultural Credit Societies
Q. Which committee recommended the set-up of Regional Rural Banks?
a. Nayak Committee
b. AP Shah Committee
c. Narsimhan Committee
d. Rangarajan Committee
Q. Which of the following is not the function of commercial banks:
a. issuing currency
b. transfer of funds
c. credit creation
d. all the above
Q. Payment of cheque can be stopped by
a. beneficiary
b. drawer of cheque
c. Nominee
d. all the above
Q. ________is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
a. Equated Monthly Instalment
b. Primary Lending Rates
c. Deposit Rates
d. None of the above
Q. Quantitative Credit control does not include:
a. Bank rate
b. RBI directives
c. Cash reserve ratio
d. Open market operations