Top 250+ Solved Modern Banking MCQ Questions Answer
Q. Demand deposit also known as ___________________.
a. current account
b. fixed deposit
c. capital account
d. recurring deposit
Q. Bank places certain restriction on withdrawal for _______________ deposit.
a. savings deposit
b. demand deposit
c. current account
d. fixed deposit
Q. ______________ is the contribution made by the shareholders of the bank.
a. loans & advances
b. cash in hand
c. bills discounted
d. share capital
Q. __________ was originally the home of commercial banking.
a. u.s.a
b. england
c. britain
d. germany
Q. ____________ was initially the home of industrial or investment banking.
a. italy
b. england
c. geneva
d. germany
Q. The trend in India is towards ___________.
a. mixed banking
b. development banking
c. commercial banking
d. industrial banking
Q. ___________ to ___________ percent of total deposit is kept as cash reserve.
a. 5 to 10
b. 11 to 15
c. 8 to 11
d. 9 to 11
Q. Commercial banks to expand deposit through expanding their loans and advances is known as___________.
a. credit creation
b. trade discount
c. deposit
d. bank advances
Q. Rediscounting and giving advance the central bank changes interest at a rate which is knownas __________
a. crr
b. slr
c. bank rate
d. credit
Q. The nationalization of 14 commercial banks was on?
a. 19 july, 1969
b. 15 aug, 1972
c. 15april, 1980
d. 19 jan, 1959
Q. The State Bank of India was established under the State Bank of India Act on?
a. 1935
b. 1948
c. 1955
d. 1952
Q. RBI introduced 14-day intermediate Treasury Bills and 14-day Treasury bills on?
a. 1994
b. 1997
c. 1984
d. 1972
Q. DIC stands for?
a. deposit investment corporation
b. deposit insurance corporation
c. deposit industrial corporation
d. development corporation of india
Q. System of banking is guided by the Islamic Law called?
a. islamic guide
b. islamic banking
c. banking regulation act
d. shariat
Q. Money at call and short notice is also known as?
a. capital market
b. inter bank call money market
c. financial system
d. financial call money