Top 250+ Solved Modern Banking MCQ Questions Answer
Q. The banker’s obligation to pay his customers cheque is a duty towards............
a. The drawee
b. The drawer
c. The holder
d. The payee
Q. Collateral security means
a. Advance against supply bills
b. Share and debentures
c. Goods pledged to the bank
d. Additional security
Q. RBI issues currency notes on the basis of............
a. Minimum reserve
b. General reserve
c. Proportional reserve
d. Gold reserve
Q. The term “Reserve” in Reserve bank of India indicates
a. Reserved for govt. Business alone
b. It keeps reserves of all commercial banks
c. No special significance
d. It keeps foreign currency
Q. For opening new branch of a bank should obtain the sanction of..........
a. Central government
b. State government
c. RBI
d. All the above
Q. A depositor can withdraw money from the bank any number of time in.............
a. Fixed deposit
b. Savings bank
c. Current a/c
d. Recurring deposit
Q. Bank rate policy is aimed at
a. Development of banks
b. Helping loan takers
c. Stabilising internal price level
d. None of these.
Q. Garnishee order is to restrain a banker from
a. Receiving deposit
b. Making payment
c. Accepting bills
d. Crossing of cheques
Q. A banker need not bother too much to open an account in the name of a person whenreceiving.........
a. Term deposit
b. Demand deposit
c. Saving deposit
d. Call deposit
Q. Primary relationship between banker and customer is that of
a. Dealer and customer
b. Principal and agent
c. Debtor and creditor
d. Vender and buyer