Top 250+ Solved Modern Banking MCQ Questions Answer
Q. Card issuers, consumers, merchants and payment sever/Service producer are four parties in_________
a. cheque truncation
b. e -purse
c. debit card
d. eft
Q. Bank all over the world are enter - linked through satellite provided by __________
a. psam
b. swift
c. eft
d. neft
Q. EFT is also known as
a. easy fund transfer
b. maintenance fund transfer
c. exchange fund transfer
d. paperless banking
Q. FIRPS stands for
a. foreign inward remittance payment scheme
b. foreign investment remittance payment scheme
c. foreign inward remittance payment system
d. foreign investment remittance payment system
Q. ___________ is an alpha-numeric code that uniquely identifies a bank branch participatingNEFT System.
a. ifs
b. ifsc
c. fsc
d. rtgs
Q. IFTP means _________
a. inter-bank finance settlement process
b. inter-bank fund transfer process
c. inter-bank fund transfer programme
d. inter-bank fund transfer payment
Q. In RTGS Minimum amount to be remitted is ___________
a. rs.1,00,000
b. rs.2,00,000
c. rs.1,50,000
d. rs.50,000
Q. In India, RTGS has been implemented on ___________
a. 26 march 2004
b. 26 march 1998
c. 26 march 1994
d. 26 march 2002
Q. BACS means ________
a. bankers automated clearing services
b. bankers automatic clearing system
c. bankers automatic collection service
d. bankers automatic clearance scheme
Q. MICR is a numeric code that uniquely identifies a bank-branch participating in the ________scheme.
a. ifsc credit scheme
b. eft credit scheme
c. rtgs credit scheme
d. ecs credit scheme