BANK/E-Banking MCQ Set 1 Sample Test,Sample questions

Question:
 A collecting banker is given the statutory protection only when he acts as ___.

1.a holder

2. an agent

3.a holder for value.

4.a holder in due course.


Question:
 Bill of exchange can be drawn payable _______.

1. A. to bearer on demand B. C. D.

2.either on demand or after a fixed time

3.to bearer in presence

4. to bearer not in presence.


Question:
 Expansion of HDFC ___________.

1.Housing Development Finance Corporation

2.Housing Development Finance Company

3.Housing Development Finance Co-operative

4. Housing Development Finance Community


Question:
 How many centers have EFT facility available?

1.15 centers

2.14 centers

3.13 centers

4.12 centers


Question:
 How many scheduled commercial banks have EFT facility available?

1.35

2.45

3.55

4.65


Question:
 How many scheduled commercial banks have EFT facility available?

1.35

2.45

3.55

4.65


Question:
 IFCI has its registered office in _______.

1.Bombay

2.Madras

3.Newdelhi

4.Calcutta


Question:
 In a promissory note the words or order are ______.

1.necessary to insert.

2.not necessary to insert

3.not necessary but it is usual to insert

4.necessary it is usual


Question:
 In which system computers are based on the centralized processing concept?

1. Multi-user computer networking

2. Stand-alone computer networking

3.. Processing computer system

4. Frame computer system


Question:
 LIC was set up in _______.

1.1948

2.1951

3.1956

4.1964


Question:
 Name the person to whom the amount of the cheque is payable?

1.Drawer.

2.Payee

3.Drawee

4.Acceptor


Question:
 RTGS system works _________ days in a year

1.365.

2.362

3.300

4.305


Question:
 The best suited deposit for trading community is _____.

1.Savings deposit

2.Current deposit.

3.Fixed deposit

4. RD.


Question:
 The committee was set up to study bank computerization under ______.

1.Dr. C Rangarajan.

2.Dr. C. Ragavendra

3.Dr. C. Raja Rajan

4.Dr. C. Ramachandran


Question:
 The law of limitation applies to a saving deposit account from the date of _____.

1. opening it.

2.closing it.

3.demanding it

4. operating it.


Question:
 Who is primarily liable on a promissory note?

1.Holder.

2.Maker

3.Drawee

4.Endorser


Question:
. Small coin depot is the property of _____.

1. A. State bank of India B. C. D

2.Government of India

3. Reserve bank of India

4.. Indian bank.


Question:
A Banking company whose license is cancelled may appeal to the ___.

1.High court.

2.Supreme court

3.RBI.

4.Central government


Question:
A bill of exchange is drawn for a maximum period of ____.

1. 90 days.

2.120 days.

3.180 days

4. 360 days.


Question:
A cheque date before the date of its issue is ___________.

1. ante dated cheque.

2.full worth cheque

3. preemptive cheque.

4.. worth cheque


Question:
A cheque dated subsequent to the date of its issue is ___________.

1. post dated cheque

2. blank cheque

3. crossed cheque

4.account payee cheque


Question:
A Cheque is always payable on _______.

1.demand.

2.a specified future date

3.the last day of the grace.

4.the will of the paying banker.


Question:
A company who accepts demand deposit is called ___________.

1. A. banking company

2.joint stock company

3.manufacturing company

4.IT company


Question:
A drawer can also be a _________.

1.Payee.

2.paymaster

3.banker

4.creditor


Question:
A pledge can be made in respect of _____.

1. building.

2.shares

3.motor car.

4.book debts


Question:
A promissory note _____..

1.can be drawn in sets

2.cannot be drawn in sets

3.indemnity bond is also necessary.

4. indemnity bond is not necessary


Question:
According to IBA the maximum period for which fixed deposits can be obtained is ______.

1.no limit

2.5 years

3.7 years

4.10 years


Question:
Any EFT limit on the amount of individual transaction?

1.No limit.

2. Rs. 5,00,000

3. Rs. 50,00,000

4.Rs. 25,00,000.


Question:
ATMs are primarily used for performing the __________ functions.

1. infrastructure

2.computer-based

3.banking

4.hospitalized


Question:
Core banking is a __________ branch computerization model.

1.decentralized

2.centralized

3.unified

4.ATM


Question:
Customer interface is maximum at the _______ level.

1.zonal.

2.branch

3.head office

4.state office.


Question:
Development banks are institutions which _____.

1. give development loans

2.provide emergency loans of banks

3.are subsidiaries of RBI

4. provide term finance to industries


Question:
Discounting of bills of exchange is ____.

1.clean advance

2.secured advance

3.neither clean advance nor secured advance

4.unsecured advance


Question:
EFT is introduced by

1. IRDA

2.RBI

3.SEBI

4.NSE


Question:
Expansion of ECS_________.

1.Electronic Clearing system

2.Electronic centered system

3.Electronic cross systems

4.Electronic conversion systems.


Question:
Expansion of EFT_________.

1.. Electronic Fund Transfer

2.Economic Fund Transfer

3.European Fund Transfer

4.Electric Fund Transfer


Question:
Expansion of NEFT_______.

1. National Electronic Fund Transfer.

2.Neutral Electronic Fund Transfer.

3.Nominal Electronic Fund Transfer

4.Natural Electronic Fund Transfer.


Question:
Expansion of SWIFT is ______.

1. A. Society for worldwide inter bank financial telecommunication

2.Security for worldwide inter bank financial telecommunication

3.Secured for worldwide inter bank financial telecommunication

4.Safety for worldwide inter bank financial telecommunication.


Question:
How many public sector banks have EFT facility available?

1. 27

2.32

3.28

4.30


Question:
ICICI was incorporated in ______.

1. A. 1948

2.1956

3.1956

4.1964


Question:
IFCI was established in _____.

1.1947.

2.1948

3.1951

4.1956


Question:
In the early 1990s, which type of ATMs makes their appearance in India?

1. Multi-user ATM.

2.Network ATM

3.Branch ATM

4.Stand-alone ATMs


Question:
KYC means________.KYC means________.

1. know your customer.

2.know your creditor.

3.know your cost

4.know your card.


Question:
National industrial development corporation Ltd, was established in _____.

1. 1954

2.1955

3.1956

4.1964


Question:
Negotiable gives to the transferee _____.

1.the same title

2.no title

3.no better title

4. better title


Question:
Negotiable instruments are defined under ______.

1.Section 52 of the Banking regulation act, 1949

2.Section 25 of the Reserve bank of India act, 1934.

3.Section 13 of the Negotiable instruments act, 1881

4. Section 14 of the companies act, 1956.


Question:
One rupee notes bear the signature of ______.

1.president of India

2.prime minister of India

3.governor of Reserve Bank of India

4.secretary, Ministry of finance (Government of India)


Question:
RBI grants for agricultural purposes _____.

1.. only short term finance.

2.medium and long term finance

3.short and medium-term finance only

4.short, medium and long term finance


Question:
RBI refers to _________.

1. Reserve Bank of India.

2.Revenue Bank of India

3. Rupee Bank of India

4.Regional Bank of India


Question:
RTGS means _______.

1. A. Real Time Gross Settlement.

2.Real Turn Gross Settlement.

3. Real Technique Gross Settlement

4.Real Towards Gross Settlement


Question:
The apex institution in agricultural finance is______.

1.NABARD

2.EXIM bank

3.RBI

4.IDBI


Question:
The first bank in India to be given an ISO certificate _________.

1. Canara bank

2.SBI

3.central bank of India

4.Indian bank


Question:
The first Indian bank to open branch outside India ______.

1.Bank of India

2.Allahabad bank

3.south Indian bank

4.Indian bank


Question:
The head office of a bank is responsible for_________.

1.only Bank-level planning

2.only Bank-level planning, control functions

3.bank-level planning, control functions and policy decision

4.only services to the branches


Question:
The head office of a bank is responsible for_________.

1.only Bank-level planning

2.only Bank-level planning, control functions

3.bank-level planning, control functions and policy decision

4.only services to the branches


Question:
The lien is __________.

1. A. method to create charge over customers property

2.not used for respective customers account.

3.not used for loan

4.used for loan


Question:
The most liquid asset is ______.

1.. gold.

2.bill of exchange

3. government bonds

4.cash


Question:
The objective of computerization in India is to _____.

1.replace men with machines

2. make the work-life more meaningful

3.control the manpower

4.control the economy


Question:
The rate at which RBI discounts approved bill of exchange is ___________.

1.. bank rate

2. interest rate

3.exchange rate

4. discount rate


Question:
The right of set – off is nothing but a ______.

1. right to sell.

2.right to retain.

3.right to combine

4.right to appropriate


Question:
The Word Bank has been derived from a Latin word which means _______.

1.. a bench for the keeping, lending and exchanging etc. of money.

2.an institution for meeting people.

3. place, where persons can relax

4.an institution for coordinating people


Question:
Until a bill of exchange is accepted, primary liability there on is that of _____.

1. Payee.

2.Drawee

3.Drawer

4.Acceptor


Question:
Which is a private bank?

1. A. SBI.

2.UTI

3. IOB.

4.. Indian bank.


Question:
Who controls credit in India?

1.. Government of India.

2.RBI

3.SBI

4.Indian bank


Question:
__ headed the committee on Computerization in Indian banks (1988)

1. M. Narasimhan.

2.M.M. Shah.

3. M. Venkat Ram

4.Raj Foster


Question:
_______ is a technology that allows you to access your bank account from a mobile device.

1. Home banking

2.Mobile banking

3.. Internet banking

4.Television banking


Question:
________ is a dead cheque.

1.Post dated cheque

2.Stale cheque

3.Ante dated cheque

4.Pre dated cheque


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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