Top 50+ Solved Functions of Bank MCQ Questions Answer
Q. While accepting deposit,a banker becomes ------ and customer is -----
a. Creditor and debtor
b. Debtor and Creditor
c. None of these .
d. all
Q. There is no fixed place of repayment in -------
a. debt due from bank
b. ordinary commercial debt
c. special debt
d. None of
Q. Prime lending rate is charged by
a. Commercial bank
b. Merchant bank
c. Co-operative bank
d. Development bank
Q. Under which banking aims at targeting customers with large valuetransaction
a. Whole sale banking
b. Merchant banking
c. Retail banking
d. Internet banking
Q. On which rate method, the interest is charged on the full amount of theloan throughout the entire period of loan
a. Fixed rate of interest
b. Floating rate of interest
c. Flat rate of interest
d. Compound rate of interest
Q. A type of loan given by one bank to another bank is……..?
a. money at call and short notice
b. bridge loan
c. term loan
d. d .none of these
Q. Which one of the following statements is most appropriate regarding transaction made inmoney?
a. It is the easiest way.
b. It is the safest way.
c. It is the cheapest way.
d. It promotes trade.
Q. Which one of the following is a modem form of currency?
a. Gold
b. Silver
c. Copper
d. Paper notes
Q. Which among the following authorities issues currency notes on behalf of the government?
a. Government of India
b. The State Bank of India
c. National Bank for Agriculture and Rural Development
d. Reserve Bank of India
Q. In which of the following systems exchange of goods is done without use of money?
a. Credit system
b. Barter system
c. Banking system
d. Collateral system
Q. Banks provide a higher rate of interest on which of the following accounts?
a. Saving account
b. Current account
c. Fixed deposits for long period
d. Fixed deposits for very short period
Q. Banks use the major portion of the deposits to:
a. Keep as reserve so that people may withdraw
b. Meet their routine expenses
c. Extend loans
d. Meet renovation of bank