Top 250+ Solved Modern Banking MCQ Questions Answer
Q. “A central bank is an institution charged with responsibility of regulating supply and costof money in the interest of general public”. This definition was made by;
a. H L Hart
b. Keynes
c. John Paget
d. Dudley Johnson
Q. Commercial bank can be either unit banking type or ----------- banking type.
a. Central
b. Branch
c. Specialised
d. Rural
Q. Discounting of bills of exchange is.......... function of commercial banks
a. Lending
b. Borrowing
c. Investment
d. Agency
Q. Industrial banks are also called .......... as they subscribing the securities issued by theindustrial concerns.
a. Share banks
b. Loan banks
c. Development banks
d. Investment bank
Q. IDBI and IFCI are examples of...........
a. Commercial bank
b. Co-operative bank
c. Industrial bank
d. Unit bank
Q. International Bank for Reconstruction and Development is popularly known as
a. International bank
b. Overseas bank
c. World bank
d. IMF
Q. Payment of premium by a commercial bank is a part of their........ System.
a. Deposit
b. Agency
c. Exchange
d. Utility
Q. Unit banks are linked with bigger banks by a system called........
a. Mixed banking
b. Group banking
c. Correspondent banking
d. Network banking
Q. NPA stands for.............
a. Normal Profit Achievement
b. Nonperforming Assets
c. Non profit Advances
d. Non performing Agents
Q. Commercial banks act as income tax consultant. This is a.............. function.
a. Lending
b. Utility
c. Agency
d. Deman
Q. Non Banking Financial Corporation’s (NBFCs) are otherwise known as...........
a. Narrow banks
b. Para banks
c. Virtual banks
d. Link banks
Q. Maximum period for which deposits can be obtained by a NBFC is
a. 5 years
b. 15 years
c. 10 years
d. 2 years
Q. In banking sector, KYC stands for
a. Kid and young customers
b. Know youth creditors
c. Know your customers
d. Know your cash requirements.