Top 50+ Solved Functions of Bank MCQ Questions Answer
Q. In the case of a cheque the drawee will always be a specified ………… withwhom the drawer keeps an account.
a. person
b. partner
c. customer
d. banker
Q. ………… is a person to whom the amount of a cheque is payable
a. Drawer
b. Drawee
c. Payee
d. Customer
Q. Which one of them are correct in the case of parties involved in a cheque ?
a. Debtor and Creditor
b. Banker and customer
c. Drawer, Drawee and Payee
d. Drawer and Payee
Q. In which types of banking system several banks joins hands with each other formeeting the credit requirements of the large borrower ?
a. group banking
b. consortium banking
c. net banking
d. none of these
Q. Th e practice of conducting banking transactions from home rather than atbank branches by means of electronic telecommunication known as------
a. branch banking
b. group banking
c. chain banking
d. home banking
Q. NPA means ----
a. Net Performing Assets
b. Non-Performing Asset
c. Net profit Acceptance
d. None of these
Q. Bank of Baroda is an example for -------
a. Private sector Bank
b. Foreign Bank
c. Public sector Bank
d. None of these
Q. Federal Bank is a ------
a. Private sector Bank
b. Foreign Bank
c. Public sector Bank
d. None of these
Q. State financial corporations is an example for --------
a. Industrial Bank
b. Foreign Bank
c. Public sector Bank
d. All
Q. ----- is a loan for short term temporary financing for Business firms .
a. Term loans
b. Bridge loans
c. Cash credit
d. All
Q. ------- is a temporary financial arrangement by the bank to draw more than theamount standing to his credit.
a. Overdraft
b. Bridge loans
c. Cash credit
d. None of these.
Q. General relationship between banker and customer is -----
a. contractual relation ship
b. trustee and beneficiary
c. Right of agent
d. none of these