Top 250+ Solved Modern Banking MCQ Questions Answer
Q. First purely Indian bank is
a. Allahabad bank
b. Punjab National Bank
c. Nedungadi Bank
d. Bank of Hindustan
Q. The first bank in Kerala
a. Federal Bank
b. South Malabar Gramin Bank
c. North Malabar Gramin bank
d. Nedungadi bank
Q. The first international credit card was introduced in India by
a. SBI
b. Canara bank
c. Andhra Bank
d. Bank of Baroda
Q. Loan designed for people who wish to sell the existing home and purchase and purchaseanother?
a. bridge loan
b. housing loan
c. demand loan
d. personal loan
Q. Repayment of an educational loan is deductable u/s_______ of the Income tax Act
a. 70
b. 80
c. 60
d. 90
Q. BPLR means?
a. bench mark prime lending rate
b. bench mark primary money lending rate
c. bench mark primary loan repayment
d. bank primary lending rate
Q. Compound interest is calculated by applying?
a. ci=p(i+r)n-p
b. ci=p(i+r)n
c. ci=pnr
d. ci=p(i+r)(i+r)n
Q. If interest is changed on full amount of loan(principal) throughout the entire tenure of the loanis?
a. float rate
b. fixed rate
c. flat rate
d. diminishing rate
Q. The borrower repays his loan by way of fixed monthly installments to the bank is called?
a. equal month installment
b. equally managed
c. equated monthly installment
d. equated money installment
Q. ________act as a Consortium leader of the banking institutions in the district?
a. lead bank
b. social banking
c. core banking
d. district co-operative bank
Q. Who introduced micro credit system in social banking segment?
a. geoffery growther of prof.d.r gadgil
b. nobel laureate & mohammed yunus
c. n.d thiwari
d. banking regulation act 1949
Q. Credit card allow one to buy goods now and pay later called?
a. buying on credit
b. buying on debit
c. cash credit
d. cash payment