Top 250+ Solved Modern Banking MCQ Questions Answer
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.
Q. ---------- represents the rate at which the central bank absorbs liquidity from thebanks
a. Repo
b. CRR
c. PLR
d. Reverse Repo
Q. The first foreign bank which introduced merchant bank in India is
a. Grindlays bank
b. HSBC
c. City bank
d. Ceylon bank
Q. The first Indian public sector bank which introduced its own merchant bankdivision in India
a. Canara bank
b. PNB
c. SBI
d. Syndicate bank
Q. Which of the following is quantitative measure of credit control of RBI
a. Direct action
b. Moral suasion
c. Open market operation
d. Margin requirement
Q. ATM stands for...........
a. Any Time Money
b. Automatic Teller machine
c. Automated Teller Machine
d. Automatic Transfer Money