Top 250+ Solved Modern Banking MCQ Questions Answer
Q. The process of credit creation by the banking system as a whole is termed as ?
a. multiple credit creation
b. primary deposit
c. credit creation
d. single bank credit system
Q. CIBIL stands for?
a. credit information bureau ltd
b. credit information banking india ltd
c. credit investment bureau india ltd
d. credit information bureau india ltd
Q. The value of money received today will be more than a rupee tomorrow is?
a. time value of money
b. present value of money
c. future value of money
d. compound value of money
Q. The interest computed on the principal for the entire period of borrowings?
a. compound interest
b. simple interest
c. flat rate interest
d. floating rate interest
Q. The periodical interval at which interest is added is called?
a. floating period
b. compounding period
c. fixed period
d. periodic payment
Q. ________Act offer incentive to attract people to invest in housing property.
a. sales tax
b. income tax act 1961
c. banking regulations act
d. co-operative societies act
Q. CTS was introduced RBI in _________
a. february 1995
b. january 2006
c. july 2004
d. february 2008
Q. ________ conversion of physical cheque into electronic form for transmission to the payingbank.
a. cts
b. ecs
c. rtgs
d. none of the above
Q. CORE stands for ________
a. central operations of exchange
b. centralized online real time exchange
c. challenge of real time exchange
d. centralized online real time efficiency
Q. Banking services that increasingly rest on technology and communication systems is popularlyknown as ___________
a. hi-tech banking
b. internet banking
c. mobile banking
d. all the above