Top 250+ Solved Modern Banking MCQ Questions Answer
Q. _________ is also called virtual banking or anywhere banking.
a. hi-tech banking
b. off shore banking
c. internet banking
d. none of the above
Q. _________ banking implies co-operation among group of banks for various large scale bankingoperations and to enjoy the economics of scale.
a. multiple banking
b. consortium banking
c. mixed banking
d. social banking
Q. In _______ banking, different banks provide different banking services to a single borrowerwithout having a common arrangement or understanding between the lenders.
a. mixed banking
b. group banking
c. multiple banking
d. off-shore banking
Q. _______ banking refers to the establishment of banking unite which deal only with foreigncurrency denominated assets & liabilities.
a. unit banking
b. off-shore banking
c. foreign bank
d. internet banking
Q. Bankers are not only purveyors of money but also an important sense they are
a. Consumers
b. Manufacturers
c. Lenders
d. Borrowers
Q. Primary functions of a commercial banks are ........... and lending
a. Honouring cheques
b. Accepting deposits
c. Issuing cheques
d. Issuing DD
Q. Indian Institute of Bankers is registered as.............
a. Trustee
b. Association
c. Joint Stock Company
d. Co-op society
Q. The ‘Teller System’ has been introduced by banks to.........
a. Canvas more customers
b. Make quick payment of cheque
c. Clarify enquiries
d. Advice customers
Q. Money at call and short notice of a bank is ............
a. Secured advance
b. Bankers second line of advance
c. Widely distributed loans
d. All the above
Q. The terms drawer, drawee and payee are associated with;
a. Cheques
b. Promissory notes
c. Delivery order
d. Hundies
Q. Where the RBI has no branch the bank which can act as its agent is;
a. Any commercial bank
b. Any nationalised bank
c. SBI
d. Indian bank