Top 250+ Solved Modern Banking MCQ Questions Answer
Q. Unless otherwise specified DD or cheques is valid for a period of;
a. 6 months
b. 1 year
c. 3 months
d. One month
Q. Commercial banks in India was organised as.......
a. Sole proprietorship
b. Joint stock company
c. Partnership
d. Joint sector
Q. Second nationalisation of commercial banks (6 banks)was in the year
a. 1979
b. 1980
c. 1984
d. 1976
Q. Cooperative banks are registered under.............
a. RBI Act
b. Banking Regulation Act
c. Co-operative societies act
d. Any of the above
Q. ............. is the apex institution for rural development and rural credit
a. RBI
b. IDBI
c. NABARD
d. IRBI
Q. Medium term loans are meant for a period
a. 3-5 years
b. 5-10 years
c. Over 10 years
d. 1-3 years
Q. Possession of a security practically with the banker is in the case of
a. Mortgage
b. Pledge
c. Hypothecation
d. Hire purchase
Q. Maximum number of withdrawals permitted per half year weather by cheque orotherwise in saving bank account
a. 100
b. 200
c. 50
d. No limit