Top 50+ Solved Technology in Banking MCQ Questions Answer

From 1 to 15 of 50

Q. EFT stands for……..

a. Electronic Fund Transmission

b. Electronic Fund Transfer

c. Electronic Feature Transfer

d. None of these

  • b. Electronic Fund Transfer

Q. Which bank was introduced first ATM machine in India?

a. RBI

b. HSBC

c. PNB

d. ICICI bank

  • b. HSBC

Q. CDM refers to ………….

a. Cash Deposit Machine

b. Credit Development Method

c. Cash Development Method

d. Cash Development Machine

  • a. Cash Deposit Machine

Q. ECS refers to ……………

a. Easy Cash Service

b. Electronic Clearing Service

c. Electronic cash service

d. Easy Clearing Service

  • b. Electronic Clearing Service

Q. NEFT refers to…………...

a. National Economic Fund Transfer

b. National Economic Fund Transfer

c. National Electronic Fee Transfer

d. none of these

  • d. none of these

Q. IFSC stands for …………..

a. Indian Financial System Code

b. International Financial System Code

c. Indian Fund Service Code

d. None of these

  • a. Indian Financial System Code

Q. RTGS stands for ……………

a. Real Time Gross Settlement

b. Real Term Gross Settlement

c. Real Time Goal Settlement

d. Real Term Goal Settlement

  • a. Real Time Gross Settlement

Q. SWIFT stands for ……………..

a. Society for Worldwide Internet Financial Telecommunications

b. Solution for Worldwide Interbank Financial Telecommunications

c. Society for Worldwide Internet Financial Telecommunications

d. Solution for Worldwide Interbank Financial Telecommunications

  • d. Solution for Worldwide Interbank Financial Telecommunications

Q. CBS stands for ……..

a. Code Banking Solutions

b. Core Banking Solutions

c. common Banking Solutions

d. Credit Banking Solutions

  • b. Core Banking Solutions

Q. CTS refers to ………..

a. Cheque Truncation System

b. Cheque Transaction System

c. Cheque Truncation Solution

d. Cheque Transaction Solution

  • a. Cheque Truncation System

Q. KYC refers to………….

a. Know Your Customer

b. Know Your Credit

c. Know Your City

d. Know Your Company

  • a. Know Your Customer

Q. A cheque bears a date earlier than the date on which it is presented tothe bank it is called ………………

a. post-dated cheque

b. ante- dated cheque

c. outstation cheque

d. local cheque

  • b. ante- dated cheque

Q. MICR refers to………………..

a. Magnetic Ink Character Recognition

b. Magnetic Information Character Recognition

c. Magnetic Ink Code Recognition

d. Magnetic Icon Character recognition

  • a. Magnetic Ink Character Recognition
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