Top 50+ Solved Functions of Bank MCQ Questions Answer
Q. Current deposit is also known as ……….
a. Savings deposit
b. demand deposit
c. time deposit.
d. recurring deposit
Q. which deposits are repayable after the expiry of the fixed period ?
a. demand deposit
b. time deposit
c. savings deposit
d. recurring deposit
Q. …………… is a credit facility granted by commercial banks to currentaccount holders
a. Cash credit
b. overdraft
c. discounting of bills of exchange
d. demand loans
Q. The process of …………. begins with banks lending money out ofprimary deposit.
a. credit creation
b. cash credit
c. debit creation
d. over draft
Q. NBFI s refers to ……….
a. Non Banking Financial Industries
b. Non Banking Financial Institution
c. Net Banking Financial Industries
d. Net Banking Financial Institutions
Q. Delivery of financial services at affordable costs to the disadvantaged Low income segments of the society known as………..
a. Credit creation
b. financial exclusion
c. Financial Inclusion
d. consumer credit
Q. When a deposit of money is received by the banker , the banker becomes the…………?
a. creditor
b. debtor
c. receiver
d. customer
Q. When a deposit of money is received by the banker , the customer becomes the …………..?
a. debtor
b. creditor
c. customer
d. lender
Q. The primary relationship between banker and customer is …………….
a. Giver and receiver
b. debtor and creditor
c. insurer
d. insured
Q. A ……….. is a person to whom the management of a particular property isentrusted for the exclusive benefit of a third party
a. customer
b. beneficiary
c. trustee
d. agent
Q. ………… is the right of a creditor to retain possession of the property belonging to the debtor until certain demands of the person in possession are satisfied.
a. Lien
b. Returning
c. Surrender
d. None of these
Q. FDR stands for …………..
a. Fixed Delivery Receipt
b. Fixed Deposit Receipt
c. Final Deposit Receipt
d. Final Delivery Receipt