Top 250+ Solved Basics of Banking and Insurance MCQ Questions Answer
Q. A banker has the right to disclose the account position of a customer to...........
a. intimate friend
b. customers wife
c. trade reference
d. customers relatives
Q. An account usually maintained by businessmen in a bank is
a. current account
b. saving bank account
c. recurring deposit account
d. none of these
Q. The system of banking attracting deposits and lending for short period is called
a. mixed banking
b. deposit banking
c. credit system
d. lending system
Q. When a loan is advanced on the basis of immovable property, it is called
a. pledge
b. hypothecation
c. mortgage
d. lien
Q. When a loan is advanced on the basis of movable property, it is called
a. pledge
b. hypothecation
c. mortgage
d. lien
Q. Which of the following are not methods of credit control
a. bank rate
b. rationing credit
c. issue of notes
d. direct action
Q. The banker will refuse payment against
a. post dated cheque
b. mutilated cheque
c. insufficient fund in a/c
d. all of these
Q. The following is not a demand deposit
a. fixed deposit
b. annuity deposit
c. fixed deposit due
d. all of these
Q. A cheque bearing a back date from the date of issue is
a. stale cheque
b. post dated cheque
c. marked cheque
d. ante dated cheque
Q. Banker lien shall not exercise upon
a. cheques for collection
b. bills for collection
c. call deposit
d. safe custody deposits
Q. Key loans are usually allowed on
a. buildings
b. goods under safe custody
c. goods in transit
d. goods for sale
Q. Overdraft facility is allowed to reputed customers on
a. sb account
b. current account
c. fixed deposit
d. call deposit