Top 250+ Solved Basics of Banking and Insurance MCQ Questions Answer
Q. In order to determine a cheque valid or not one has to examine..........
a. actual date of issue
b. date of receipt by payee
c. date of endorsement
d. date that cheque bears
Q. RBI is an example of
a. chartered company
b. statutory company
c. registered company
d. unlimited company
Q. Pledge means........
a. advance against goods
b. to draw over and above deposit
c. bailment of goods as security
d. mortgage of building
Q. A place where representatives of banks meet to settle cheques for collection
a. bankers club
b. acceptance bank
c. clearing house
d. discount house
Q. Which of the following is subsidiary function of a bank
a. accepting deposit
b. granting credit
c. safe custodial service
d. banking services
Q. Credit card system was firstly developed in..........
a. bank of england
b. bank of america
c. rbi
d. bank of tokyo
Q. Call deposit is modified form of................
a. fixed deposit
b. demand draft
c. term deposit
d. sb deposit
Q. Rule of Claytons Case is related with
a. fixed deposit
b. appropriation of debt
c. cash credit
d. term loans