Top 250+ Solved Basics of Banking and Insurance MCQ Questions Answer
Q. IDBI and IFCI are examples of...........
a. commercial bank
b. co-operative bank
c. industrial bank
d. unit bank
Q. International Bank for Reconstruction and Development is popularly known as
a. international bank
b. overseas bank
c. world bank
d. imf
Q. Payment of premium by a commercial bank is a part of their........ System.
a. deposit
b. agency
c. exchange
d. utility
Q. Unit banks are linked with bigger banks by a system called........
a. mixed banking
b. group banking
c. correspondent banking
d. network banking
Q. NPA stands for.............
a. normal profit achievement
b. nonperforming assets
c. non profit advances
d. non performing agents
Q. Commercial banks act as income tax consultant. This is a.............. function.
a. lending
b. utility
c. agency
d. deman
Q. Non Banking Financial Corporation’s (NBFCs) are otherwise known as...........
a. narrow banks
b. para banks
c. virtual banks
d. link banks
Q. Maximum period for which deposits can be obtained by a NBFC is
a. 5 years
b. 15 years
c. 10 years
d. 2 years
Q. In banking sector, KYC stands for
a. kid and young customers
b. know youth creditors
c. know your customers
d. know your cash requirements.
Q. The process of replacing physical cheque with electronic cheque is..........
a. demat
b. remat
c. truncation
d. securitisation
Q. The Securitisation and Reconstruction of Financial Assets and Enforcement of SecurityInterest Act (SARFASIA) came into effect on.............
a. jan 2002
b. june 2002
c. may 2000
d. april 2001
Q. Commission recommended for the formation of RBI is
a. narasimham commission
b. tandem commission
c. hil ton young commission
d. none of these.