BANK/Bank Mcq Question Set 13 Sample Test,Sample questions

Question:
A cheque is defined u/s ____ of NI Act .

1.6

2.9

3.10

4.13(a)


Question:
A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will:

1.stop payment

2.not act on the request

3.note caution and will advise the payee to contact purchaser of the draft

4.none of the above


Question:
Across the face of a cheque bears the words Peoples Bank. What is its significance :

1.the cheque is specially crossed in favour of Peoples Bank

2.it is not a crossing as it does not contain two parallel lines

3.it is an extraneous matter appearing on the cheque. Hence should be returned

4.none of the above


Question:
All banking company are to prepare balance sheet and profit & loss account as on Mar 31 every year is prescribed in -

1.Companies Act 1956

2.Banking Regulations Act

3.2nd schedule of RBI Act 1934

4.None of the above


Question:
Banking sector comes under which sector?

1.Realty sector

2.Industrial sector

3.Services sector

4.Manufacturing sector


Question:
Banks disclose the information about their borrowers to RBI under Provisions of -

1.Directives of RBI

2.Section 45-C, RBI Act

3.Directions of Finance Ministry

4.Section 45 of Banking Regulation Act


Question:
Banks have prohibited to staple bank notes by RBI by issuing strict directives for implementation. Under which of the following, these directives have been issued?

1.Section 35 A of Indian Currency Act

2.Section 35 A of Negotiable Instrument Act

3.Section 35 of Reserve Bank of India Act

4.Section 35 A of Banking Regulation Act


Question:
BCSBI stands for:

1.credit and debit cards

2.recovery of bad loans

3.cash collection from the parties

4.opening and closing of accounts


Question:
CRR is required to maintain in the form of _____?

1.Cash with RBI

2.Cash with bank

3.Approved Government Securities

4.All the above


Question:
Demand deposits mean _____?

1.Short deposits

2.Fixed deposits

3.Current deposits

4.Deposits withdraw-able on demand by the depositor


Question:
Expand AEPS in terms of banking.

1.Aadhaar-enabled Payment Service

2.Aadhaar-enabled promotion scheme

3.Aadhaar-enabled Payment system

4.Automated engineered payment service


Question:
Fixed deposits are for the bank ____?

1.Fixed asset

2.Time liability

3.Demand liability

4.All of the above


Question:
Gilt-edged securities market is the market for government and semi-government securities. These securities carry 

1.Fixed interest rate

2.Floating interest rate

3.Fixed as well as floating interest rate

4.No interest rate at all


Question:
In which year, Indian Rupee was devalued for the first time?

1.1965

2.1966

3.1967

4.1968


Question:
In which year, Paper Currency Act was enacted by British Government of India?

1.1860

2.1861

3.1862

4.1863


Question:
India is a member of the International Monetary Fund (IMF) since _____.

1.1934

2.1947

3.1949

4.1952


Question:
INFINET stands for

1.Indian Financial network

2.Indoor Financial network

3.Internet Financial network

4.International Financial network


Question:
�Banks are required to preserve the old records. The rules regarding preservation are framed by Central Govt., as per provisions of which of the following Act?

1.RBI Act

2.Limitation Act

3.Banking Regulation Act

4.Negotiable Instrument Act 1881


Question:
�Expand DRI related to a scheme meant for weaker section of our country.

1.Different rate of interest

2.Differential rate of interest

3.Different ration for IndiAns

4.Different rate of interest-bond


Question:
�In which city the Bank of International Settlements (BIS) located?

1.Paris

2.Basel

3.Davos

4.New York


Question:
�On the basis of powers drawn mainly in which of the following Acts, RBI regulates and controls the banks in India?

1.RBI Act Section 2(2)

2.Negotiable Instruments Act Section 1

3.Banking Regulation Act Section 17

4.Banking Regulation Act Section 5(b)


Question:
Legal amount in a cheque stands for

1.amount in figures

2.amount in words

3.amount written as not over

4.amount in words in figures, whichever is higher


Question:
Nationalization of banks took place in India in how many phases?

1.1

2.2

3.3

4.4


Question:
Nationalization of banks took place in India in how many phases?

1.Bank of Baroda

2.State Bank of India

3.Punjab National Bank

4.Central Bank of India


Question:
On which date, RBI started working?

1.1 JANUARY,1934

2.31 MARCH,1934

3.1 JANUARY,1935

4.1 APRIL,1935


Question:
Original headquarters of RBI were located at ___?

1.Madras

2.Bombay

3.Calcutta

4.New Delhi


Question:
The annual return of unclaimed deposits u/s 26 of Banking Regulation Act should be submitted to RBI within the following days after close of the calendar year -

1.10 days

2.20 days

3.30 days

4.40 days


Question:
The banker has a lien on _____?

1.Bonds given for safe custody

2.Bonds given for collection

3.Both (a) and (b)

4.Bonds left by mistake


Question:
The commercial paper can be issued by _____?

1.IDBI

2.Corporates

3.Reserve Bank of India

4.Every non-banking company


Question:
The network for common data communication for banks and FIs launched by RBI ?

1.SWIFT

2.INFINET

3.INTERNET

4.BANKNET


Question:
The Royal Commission on Indian Currency and Finance was also known as __:

1.Buttler Commission

2.Hartog Commission

3.Muddiman Committee

4.Hilton-Young Commission


Question:
The Stock Exchange Board of India was set up by a Special Act in ____?

1.1975

2.1983

3.1988

4.1991


Question:
The term EFT means

1.electrical funds transfers

2.electronic funds transfers

3.electronic foreign transfers

4.electronic financial transfers


Question:
Time deposits means _____?

1.Time deposits include overdue fixed deposits

2.Time deposits do not include recurring deposits as well

3.The deposits which are lent to bank for a fixed period

4.Time deposits do not include deposits under Home Loan Account Scheme


Question:
Under Section 5(a) of the Banking Regulation Act 1949, approved securities denote -

1.The securities approved by IDBI

2.Securities approved by Indian Banks Association

3.Securities defined under section 20 of the Indian Trusts Act 1882

4.None of these


Question:
What is meant by Scheduled Bank?

1.A bank included in 2nd schedule of RBI Act

2.The bank incorporated under Banking Companies Act 1956

3.The bank functioning under provisions of Banking Reg. Act 1949

4.Bank issued a license by RBI mentioning therein that it is a scheduled bank


Question:
What is MZM in money market?

1.Money with highest return

2.Money with zero maturity

3.Monetary base or total currency

4.Money with sovereign guarantee


Question:
What is the highest denomination bank note that RBI can issue as per provisions of RBI Act?

1.Rs. 1000

2.Rs. 5000

3.Rs. 10000

4.Rs. 13000


Question:
What is the minimum value of stock of gold coins, bullion and foreign securities, which RBI has to maintain at any point of time?

1.Rs. 100 cr

2.Rs. 115 cr

3.Rs. 200 cr

4.Rs. 325 cr


Question:
What was the initial share capital of Reserve Bank of India?

1.Rs. 5 Crore

2.Rs. 15 Crore

3.Rs. 25 Crore

4.Rs. 35 Crore


Question:
When the rate of inflation increases?

1.Value of money increases

2.Purchasing power of money increases

3.Purchasing power of money decreases

4.Purchasing power of money remains unaffected


Question:
Where is National Institute of Bank Management (NIBM) located?

1.Pune

2.Nasik

3.Mumbai

4.New Delhi


Question:
Which among the following statement is incorrect about SEBI?

1.Mutual fund regulator

2.Capital market regulator

3.Regulates the credit rating agencies in India

4.None of these


Question:
Which among the following was the first bank to open a branch on foreign soil?

1.Bank of India

2.Allahabad Bank

3.Bank of Punjab

4.State Bank of India


Question:
Which of the following acts as Regulators for Credit rating agencies in India?

1.RBI

2.SEBI

3.NSDL

4.SIDBI


Question:
Which of the following is the instrument of payment called Plastic Money?

1.debit card

2.plastic card

3.identity card

4.banker's cheque


Question:
Which of the following methods is currently used in India to issue note?

1.Fixed Fiduciary System

2.Minimum Reserve System

3.Percentage Reserve System

4.Proportional Reserve System


Question:
Who conducts integrated supervision over commercial banks, FIs and NBFCs and other para-banking financial institutions, in India ?

1.FCMD of RBI

2.Security Exchange Board of India

3.Dept. Of Banking Operations, RBI

4.Ministry of Finance, Govt. of India


Question:
Who provides refinance facilities to RRBs?

1.RBI

2.SIDBI

3.NABARD

4.Government of India


Question:
Who works as RBI�s agent at places where it has no office of its own?

1.Ministry of Finance

2.Government of India

3.State Bank of India

4.International Monetary Fund


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