BANK/Bank Mcq Question Set 3 Sample Test,Sample questions

Question:
In which type of banking, electronic financial transactions are done?

1.E-Banking

2.M-Banking

3.Internet Banking

4.Universal Banking


Question:
Under which sector will banking sector fall?

1.Service sector

2.Industrial sector

3.Agricultural sector

4.None of the above


Question:
Under whose chairmanship did RBI constitute a Working Group for making balance of payments manual

1.Anand Sinha

2.Deepak Mohanty

3.Harun Rashid Khan

4.Kamalesh Chandra Chakrabarty


Question:
What are NEFT and RTGS about?

1.Various deposit products

2.Cheque truncation process

3.Electronic fund transfer from bank to bank

4.Electronic payment products within a bank


Question:
What does crossing of cheques make them?

1.Remain the same

2.Invalid document

3.Ineligible to get cash across the bank counter

4.Ineligible to endorse to a person other than the payee


Question:
What does RBI regulate through Open Market Operation Transactions?

1.Inflation

2.Liquidity in economy

3.Borrowing powers of the banks

4.Flow of Foreign Direct Investment


Question:
What does RTGS enable?

1.Immediate transfer of money from customer of one bank to customer of RBI

2.Immediate transfer of money from customer of one bank to customer of another bank

3.Immediate transfer of money from customer of one bank to customer of another country

4.Immediate transfer of money from customer of one bank to customer of another branch within the same bank


Question:
What happens if a cheque is post dated?

1.Bank on whom it is drawn has to honour the cheque before the date of the cheque

2.Bank on whom it is drawn will not honour the cheque before the date of the cheque

3.Bank on whom it is drawn has to refer to RBI to honour the cheque before the date of the cheque

4.Bank on whom it is drawn has to refer to court to honour the cheque before the date of the cheque


Question:
What happens if a crossed cheque is presented for payment?

1.It cannot be paid at all

2.It can be paid only through a banker

3.It can be paid across the counter in another bank

4.None of the above


Question:
What happens when a bank dishonours a cheque?

1.It is called nullifying of the cheque

2.It is called settlement of the cheque

3.It is called withdrawing of the cheque

4.It is called return of the cheque unpaid


Question:
What is an Indian Depository Receipt?

1.A deposit account with a Public Sector Bank

2.A depository account with any of Depositories in India

3.An instrument in the form of deposit receipt issued by Indian depositories

4.An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company


Question:
What is Call Money?

1.Money borrowed for more than one day but up to 3 days

2.Money borrowed for more than one day but up to 7 days

3.Money borrowed for more than one day but up to 14 days

4.Money borrowed or lent for a day or over night


Question:
What is the cost of credit expressed as a percentage on a yearly basis called?

1.WPI

2.APY

3.APR

4.None of these


Question:
What is the full form of EFT?

1.Efficient Funds Transfer

2.Effective Funds Transfer

3.Electronic Funds Transfer

4.Electronic Foreign Transfer


Question:
What is the full form of LIBOR?

1.London Inter Bank Offered Rate

2.Local Indian Bank Offered Rate

3.London-India Bureau Of Regulations

4.Liberal International Bank Official Ratio


Question:
What is the most powerful tool used by the Reserve Bank of India to control inflation?

1.Raise interest rates

2.Reduce interest rates

3.Raise current supply

4.Reduce current supply


Question:
What is the percentage rate reflecting the total amount of interest paid on a deposit account called?

1.WPI

2.APY

3.APR

4.None of these


Question:
When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as _____________________.

1.Virtual Banking

2.Internet banking

3.Universal banking

4.Wholesale banking


Question:
When was the first Land Mortgage Bank established?

1.1915

2.1920

3.1925

4.1930


Question:
Which is known as the arrangement when more than one banks allow credit facilities to one party in cordination with each other?

1.Subvention

2.Moratorium

3.Consortium

4.Amortization


Question:
Which is the first bank established in India?

1.Bank of Calcutta

2.Bank of Hindustan

3.State Bank of India

4.General Bank of India


Question:
Which is the instrument used by RBI under general credit control?

1.SLR

2.CRR

3.Bank Rate

4.Exchange Control


Question:
Which is the policy that offers multiple coverage combinations for both buildings and contents?

1.WPI

2.PRP

3.REPO

4.UNDP


Question:
Which of the following is not the part of organized sector of India Money Market?

1.Chit Funds

2.Mutual Funds

3.Reserve Bank of India

4.Non-Banking Financial Companies


Question:
Which of the following is the amount of Funds borrowed by the government to meet the expenditures?

1.Fiscal policy

2.Fiscal Deficit

3.Public finance

4.Current account


Question:
Which of the following permit cheque operation?

1.Savings bank accounts and cash accounts

2.Savings bank accounts and current accounts

3.Current accounts and fixed deposit accounts

4.Savings bank accounts and fixed deposit accounts


Question:
Which one of the following allow bank customers to effect transfers of funds from their deposit accounts and other financial transactions at retail establishments?

1.IBS

2.CBS

3.DBS

4.POS


Question:
Which one of the following belongs to the time when a company makes the first offering of the shares to the public?

1.IPO

2.CSO

3.WTO

4.REPO


Question:
Which one of the following focuses on the financial needs of the institutional clients and the industry?

1.Virtual Banking

2.Internet banking

3.Universal banking

4.Wholesale banking


Question:
Which one of the following gives consumers the right to see their credit records and correct mistakes?

1.FOIA

2.FCRA

3.FACTA

4.FDCPA


Question:
Which one of the following helps the consumers protect their credit identities and recover from identity theft?

1.FOIA

2.FCRA

3.FACTA

4.FDCPA


Question:
Which one of the following is a set of United State statutes added as Title VIII of the Consumer Credit Protection Act?

1.FOIA

2.FCRA

3.FACTA

4.FDCPA


Question:
Which one of the following is called the frequent changes made by Banks in their product profile?

1.Product Control

2.Product Marketing

3.Product Enrichment

4.Product Enhancement


Question:
Which one of the following is controlled by the world wide web?

1.Virtual Banking

2.Universal banking

3.Wholesale Banking

4.None of these


Question:
Which one of the following is open for public inspection and copying?

1.FOIA

2.FCRA

3.FACTA

4.FDCPA


Question:
Which one of the following is the Federal regulatory agency that charters and supervises Federal credit unions?

1.ARC

2.CAG

3.NCUA

4.AIRCSC


Question:
Which one of the following is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds?

1.Bank Rate

2.Repo Rate

3.Annual Percentage Rate

4.Benchmark Prime Lending Rate


Question:
Which one of the following is the ratio of the loan principal to the appraised value?

1.Mortgage Loan

2.Loan-to-Value Ratio

3.Statutory Liquidity Ratio

4.Combined Loan To Value: (CLTV) ratio


Question:
Which one of the following is used when describing the monthly charges on a mortgage?

1.FII

2.BIS

3.CPI

4.PITI


Question:
Which one of the following pools money from various investors in order to purchase securities?

1.Money fund

2.Mutual fund

3.Pension fund

4.Fund derivative


Question:
Which one of the following requires lenders to provide "good faith" estimates of settlement costs?

1.FOIA

2.TILA

3.NCUA

4.RESPA


Question:
Which one of the following requires lenders to provide standardized information?

1.TILA

2.UCC

3.NCUA

4.RESPA


Question:
Which organization provides guarantee to the exporters?

1.Exim Bank

2.Reserve Bank of India

3.Registrar of companies

4.Export Credit Guarantee Corporation


Question:
With whom does the ownership of Public sector banks rest?

1.Wholly with Government of India

2.Jointly with Government of India and State Bank of India

3.Jointly with Government of India and Reserve Bank of India

4.Jointly with Government of India and share-holders from the public


More MCQS

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