Top 250+ Solved Basics of Banking and Insurance MCQ Questions Answer
Q. Bankers are not only purveyors of money but also an important sense they are
a. consumers
b. manufacturers
c. lenders
d. borrowers
Q. Primary functions of a commercial banks are ........... and lending
a. honouring cheques
b. accepting deposits
c. issuing cheques
d. issuing dd
Q. Indian Institute of Bankers is registered as.............
a. trustee
b. association
c. joint stock company
d. co-op society
Q. The ‘Teller System’ has been introduced by banks to.........
a. canvas more customers
b. make quick payment of cheque
c. clarify enquiries
d. advice customers
Q. Money at call and short notice of a bank is ............
a. secured advance
b. bankers second line of advance
c. widely distributed loans
d. all the above
Q. The terms drawer, drawee and payee are associated with;
a. cheques
b. promissory notes
c. delivery order
d. hundies
Q. Where the RBI has no branch the bank which can act as its agent is;
a. any commercial bank
b. any nationalised bank
c. sbi
d. indian bank
Q. Unless otherwise specified DD or cheques is valid for a period of;
a. 6 months
b. 1 year
c. 3 months
d. one month
Q. Commercial banks in India was organised as.......
a. sole proprietorship
b. joint stock company
c. partnership
d. joint sector