Top 250+ Solved Basics of Banking and Insurance MCQ Questions Answer
Q. Second nationalisation of commercial banks (6 banks)was in the year
a. 1979
b. 1980
c. 1984
d. 1976
Q. Cooperative banks are registered under.............
a. rbi act
b. banking regulation act
c. co-operative societies act
d. any of the above
Q. ............. is the apex institution for rural development and rural credit
a. rbi
b. idbi
c. nabard
d. irbi
Q. Medium term loans are meant for a period
a. 3-5 years
b. 5-10 years
c. over 10 years
d. 1-3 years
Q. Possession of a security practically with the banker is in the case of
a. mortgage
b. pledge
c. hypothecation
d. hire purchase
Q. Maximum number of withdrawals permitted per half year weather by cheque orotherwise in saving bank account
a. 100
b. 200
c. 50
d. no limit
Q. The banker’s obligation to pay his customers cheque is a duty towards............
a. the drawee
b. the drawer
c. the holder
d. the payee
Q. Collateral security means
a. advance against supply bills
b. share and debentures
c. goods pledged to the bank
d. additional security
Q. RBI issues currency notes on the basis of............
a. minimum reserve
b. general reserve
c. proportional reserve
d. gold reserve
Q. The term “Reserve” in Reserve bank of India indicates
a. reserved for govt. business alone
b. it keeps reserves of all commercial banks
c. no special significance
d. it keeps foreign currency