Top 250+ Solved Basics of Banking and Insurance MCQ Questions Answer
Q. For opening new branch of a bank should obtain the sanction of..........
a. central government
b. state government
c. rbi
d. all the above
Q. A depositor can withdraw money from the bank any number of time in.............
a. fixed deposit
b. savings bank
c. current a/c
d. recurring deposit
Q. Bank rate policy is aimed at
a. development of banks
b. helping loan takers
c. stabilising internal price level
d. none of these.
Q. Garnishee order is to restrain a banker from
a. receiving deposit
b. making payment
c. accepting bills
d. crossing of cheques
Q. A banker need not bother too much to open an account in the name of a person whenreceiving.........
a. term deposit
b. demand deposit
c. saving deposit
d. call deposit
Q. Primary relationship between banker and customer is that of
a. dealer and customer
b. principal and agent
c. debtor and creditor
d. vender and buyer
Q. Bankers lien is a general lien and is
a. a special type of mortgage
b. an implied pledge
c. a pledged transaction
d. hypothecation transaction
Q. Whose signature is affixed on currency notes
a. president
b. prime minister
c. rbi governor
d. finance minister
Q. A post dated cheque is one which bears;
a. a date which is not more than 6 months
b. future date
c. an impossible date
d. back date