BANK/Bank Mcq Question Set 7 Sample Test,Sample questions

Question:
A customer desiring to do permitted banking transactions through ATM needs to have

1.Personal identification number (PIN), allotted by the bank while issuing ATM /Debit card/credit card

2.ATM card or debit card/credit card (if compatible with the ATM function)

3.Both (a) and (b)

4.Smartphone


Question:
A promissory note that is not secured by any collateral or not secured by a mortgage or lien marked on any property is ___________instrument.

1.Debenture

2.Currency bill

3.Commercial bill

4.Bill of exchange


Question:
Accounts are allowed to be operated by cheques in respect of

1.Saving bank accounts and current accounts only

2.Both saving bank account and cash accounts only

3.Both current accounts and fixed deposits accounts

4.Both saving bank accounts and fixed bank accounts


Question:
Chairman of Banks are decided by

1.RBI

2.Finance Ministry

3.Corporate Ministry

4.Commerce Ministry


Question:
Coins are minted at ?

1.Hyderabad

2.Kolkatta

3.Mumbai

4.All of these


Question:
Credit cards are cards which are also known as

1.Card money

2.Plastic cards

3.Plastic cards full of money

4.All of the above


Question:
Debt refers to?

1.Outstanding Loan Balance

2.Present and future dues from customer of any nature say locker rent

3.a sum of money owed by one person or entity (Creditor) to another person or entity (Debtor)

4.a sum of money owed by one person or entity(debtor) to an-other person or entity (creditor)


Question:
Electronic banking has opened new banking channels like?

1.ATM banking

2.Internet banking

3.Telephone banking

4.All of these


Question:
Electronic fund transfers like RTGS and NEFT are operated and maintained by ___________.

1.Reserve Bank of India (RBI)

2.Bharat Bill Payment System (BBPS)

3.Clearing Corporation of India Limited (CCIL)

4.National Payments Corporation of India (NPCI)


Question:
Expand IFSC ___________.

1.Interbank Fund Service Code

2.Indian Financial System Code

3.Indian Financial Services Code

4.International Financial Service Code


Question:
Fixed deposits cannot be

1.Transferred to third parties

2.Pre-paid before the maturity date

3.Renewed for a further period on maturity date

4.None of these


Question:
Flexi deposits means?

1.Call Deposit

2.Fixed deposits

3.Hybrid deposits

4.Floating Rate of Interest deposits


Question:
Functions of Banks are governed by?

1.FEMA

2.Traditions in India

3.Indian Contract Act

4.Banking Regulation Act


Question:
Headquarters of World Bank

1.Vienna

2.Geneva

3.New York

4.Washington DC


Question:
Identify the Basel III norms from following that, recently RBI has extended the timeline for implementation for banks in India ___________.

1.Market discipline

2.Leverage ratio to 3%

3.Minimum regulatory capital requirement

4.All of the above


Question:
Identify the difference between commercial paper and certificate of deposit ___________.

1.Certificate of deposit is issued at discount while commercial paper at face value

2.Certificate of deposit is a financial instrument while commercial paper is a financial statement

3.Certificate of deposit is issued by banks while commercial paper is issued by firms or public limited companies

4.All of the above


Question:
Identify the macro economic policy/ policies of India ___________.

1.Fiscal policy

2.Monetary policy

3.Both (a) and (b)

4.Regulatory policy


Question:
Identify the odd one out from the following benefits of RTGS.

1.Settlement is immediate

2.Lowers the settlement risk

3.Avoids credit risk while settlement

4.Suited for only lower value transactions


Question:
If a bank needs to attract Provident Fund Deposits, what are the criteria that banks must possess?

1.Capital adequacy of 9%

2.Profitability in preceding 3 years

3.Minimum of Rs.200 crores as net worth

4.All of the above


Question:
If the stock markets are declining then it is called as ___________.

1.Stage

2.Bull run

3.Bear run

4.Down run


Question:
Illiterate Persons are allowed to open?

1.Current account

2.Savings account

3.Not allowed to open bank account

4.Only savings account (without cheque facility) or fixed deposit account


Question:
�A centralized database with online connectivity to branches, internet as well as ATM- network which has been adopted by almost all major banks of our country is known as?

1.Core Banking

2.Mobile Banking

3.National Banking

4.Investment Banking


Question:
�A money Bill can originate-

1.Only in Lok Sabha

2.Only in Rajya Sabha

3.Only in a joint sitting of 2 houses

4.In either house of the parliament


Question:
�The first Indian bank to open a branch outside India, in London in 1946 is -

1.BOI

2.BOB

3.PNB

4.SBI


Question:
Know Your Customer (KYC) guidelines expect banks to?

1.know the family details of the customer

2.know the financial details of the customer

3.know the locational details of the customer

4.know the educational details of the customer


Question:
Minimum period of fixed deposit is_________days and maximum period for which a bank can accept a deposit presently is___________years?

1.7--10

2.7--20

3.7--30

4.7--40


Question:
NABARD support lending to farmers, rural artisans and other non farmers in rural areas through___________.

1.Co-operative �Banks

2.Regional Rural Banks

3.Land Development Banks

4.All the Above


Question:
National Payments Corporation of India (NPCI) is being used by banks for ___________.

1.Remittance

2.Advisory service

3.Clearing and settlement

4.Payments and settlements


Question:
Pick the odd one out from the following about Bharat Bill Payment System (BBPS).

1.BBPS is a unified bill payment system across the country.

2.It will be setting up the standards in operations related to payments, clearance, and settlements.

3.Payment gateways, service providers, banks, and agents will be participants in this system.

4.None of these


Question:
RBI issue currency rupee notes on bases of ___________.

1.By holding minimum value of gold coins and bullion

2.By holding minimum foreign securities as a part of the total approved assets

3.Both (a) and (b)

4.By holding minimum amount of commodities which are trading in commodity exchanges


Question:
RBI uses bank rate in order to control ___________.

1.Liquidity

2.Cash holdings of banks

3.Financial position of banks

4.Money supply, volume of bank credit and cost of bank credit


Question:
The basic functions of the bank are?

1.Lending or investing the funds so collected from the customers

2.Acceptance of Deposits from the public

3.Both (a) and (b)

4.Lending to customers


Question:
The effect of a valid nomination is that?

1.on death of the sole depositor, the amount will be returned to the nominee

2.on death of the sole depositor /all depositors, the amount will be returned to the nominee after further legal formality.

3.on death of the sole depositor / all depositors, the amount will be returned to the nominee without any further legal formality.

4.none of these


Question:
The Smart Card?

1.contains an IC Chip

2.appears very smart

3.issued to smart account holders

4.issued to account holders having balance in lakhs


Question:
What are the steps taken by RBI, in order to meet demand and time liabilities of banks in time?

1.Banks are asked to maintain CRR

2.Banks are asked to keep mandatory regulatory cash reserve with RBI

3.Both (a) and (b)

4.None of these


Question:
What does RBI do if a Re.1 note is issued by Government of India?

1.RBI put into circulation

2.RBI object the issuance

3.RBI asks banks to not to support for circulation

4.RBI converts Re.1 in to higher denomination of Rs.10 and more


Question:
What is the full form Of FEMA

1.Foreign Exchange Money Act

2.Full Exchange money Agency

3.Foreign Exchange Money Agency

4.Foreign Exchange Management Act


Question:
What kind of Treasury Bills (T-Bills) is/ are issued by State Government?

1.91 - days

2.182 - days

3.364 - days

4.No Treasury Bills issued by State Government


Question:
When the bank lends money to the customer, the relationship, of the customer and banker is___.

1.Principle - Agent

2.Creditor and Debtor

3.Debtor and Creditor

4.All of these


Question:
Where is the head office of Syndicate Bank located?

1.Mumbai

2.Kolkata

3.Manipal

4.Bangalore


Question:
Which among the following is known as prepaid negotiable instrument?

1.Bankers cheque/ Pay order

2.Promissory note

3.Fixed deposit

4.Cheque


Question:
Which of the following entities are applicable for the new listing obligations and disclosure requirements of SEBI regulations, 2014?

1.Listing of bonds

2.All listed companies

3.Listing of debentures

4.All of the above


Question:
Which of the following is a part of the core sector?

1.Textiles

2.Chemicals

3.Real Estate

4.Machine Manufacturing


Question:
Which of the following is not a function of commercial bank?

1.Selling mutual funds

2.Providing project finance

3.Settlement of payments on behalf of the customers

4.Deciding policy rates like CRR, Repo rates/SLR etc.


Question:
Which of the following steps is not required by the user for withdrawing money from ATM?

1.Entering PIN

2.Entering account no

3.Inserting ATM card in the card slot

4.All of the above


Question:
Which one of the following is not an electronic banking delivery channel?

1.ATM

2.Mobile Vans

3.Internet Banking

4.Mobile Phone Banking


Question:
Who all can hire a locker in a bank?

1.Individuals

2.Two persons jointly

3.Limited companies and societies

4.All of the above


More MCQS

  1. Bank Mcq Question Set 1
  2. Bank Mcq Question Set 2
  3. Bank Mcq Question Set 3
  4. Bank Mcq Question Set 4
  5. Bank Mcq Question Set 5
  6. Bank Mcq Question Set 6
  7. Bank Mcq Question Set 7
  8. Bank Mcq Question Set 8
  9. Bank Mcq Question Set 9
  10. Bank Mcq Question Set 10
  11. Bank Mcq Question Set 11
  12. Bank Mcq Question Set 12
  13. Bank Mcq Question Set 13
  14. E-Banking MCQ Set 1
  15. E-Banking MCQ Set 2
  16. Entrepreneurial Development MCQ Set 1
  17. Entrepreneurial Development MCQ Set 2
  18. EXIM Finance MCQ Set 1
  19. EXIM Finance MCQ Set 2
  20. Bank Exam Reasoning
  21. Bank Exam Numerical Ability
  22. Computer Knowledge - IBPS Bank Exam Set 1
  23. Computer Knowledge - IBPS Bank Exam Set 2
  24. Bank General Awareness - IBPS Bank
  25. Bank Exam Practice Test Reasoning
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