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MCQ

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50 questions · timed · auto-graded

MCQ 11 Mark
In which kind  of transactions  the central bank transacts as per batch ?
  • $ \text{NEFT}$
  • B
    $ \text{RTGS}$
  • C
    Callmoney
  • D
    CoreBanking
Answer
Correct option: A.
$ \text{NEFT}$
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MCQ 21 Mark
Minimum how much amount  can be  transferred through  $RTGS ?$
  • A
    Any amount
  • $2$ lakhs
  • C
    $5$ lakhs
  • D
    $50,000$
Answer
Correct option: B.
$2$ lakhs
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MCQ 31 Mark
Which facility of bank can be used against the risk of cash in travelling ?
  • A
    Demand draft
  • B
    Cheque
  • C
    Pay-order
  • Traveller's cheque
Answer
Correct option: D.
Traveller's cheque
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MCQ 41 Mark
What type of cheque is used  by the bank to repay its debts ?
  • A
    Demand draft
  •  Payorder
  • C
    Travellers cheque
  • D
    Cash Credit
Answer
Correct option: B.
 Payorder
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MCQ 51 Mark
What is the facility of overdraft for the certain period is called ?
  • A
    Pay order
  • Cash credit
  • C
    Demand draft
  • D
    Over draft
Answer
Correct option: B.
Cash credit
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MCQ 61 Mark
What is the name of Central  Bank (monetary  Authority) of India ?
  • A
    State bank of India
  • B
    Central bank of India
  • Reserve bank of India
  • D
    Bank of India
Answer
Correct option: C.
Reserve bank of India
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MCQ 71 Mark
In which kind  of account bank gives maximum  rate of interest  on the  deposited   amount ?
  • A
    Saving Account 
  • Fixed Deposit Account
  • C
     Recurring Account
  • D
     CurrentAccount
Answer
Correct option: B.
Fixed Deposit Account
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MCQ 81 Mark
In which  kind of account, it is compulsory  to deposit certain amount at certain time ?
  • A
    Saving account
  • B
     Current account
  • Recurring account
  • D
    Fixed Deposit Account
Answer
Correct option: C.
Recurring account
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MCQ 91 Mark
Which card is issued to the customer by the bank on the basis of his credit ?
  • A
    Debit Card
  • Credit card
  • C
    Letter of credit
  • D
    Demand draft
Answer
Correct option: B.
Credit card
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MCQ 101 Mark
How do the banks transact with one another to solve  the problems of fund / money occurring at certain time ?
  • Call money  
  • B
    Pay-order
  • C
    Over draft
  • D
    Cash credit
Answer
Correct option: A.
Call money  
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MCQ 111 Mark
In which Kind of account generally interest is not paid on the deposit ?
  • A
     Saving Account
  • Current Account
  • C
    Fixed Deposit Account
  • D
    Recurring  Account
Answer
Correct option: B.
Current Account
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MCQ 121 Mark
In which  account  can not be  withdrawn  before  fixed time ?
  • A
     Saving Account
  • B
     Current account
  • C
     Recurring Account 
  •  FixedDeposit Account
Answer
Correct option: D.
 FixedDeposit Account
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MCQ 131 Mark
In the  present  time which of the  following  functions  is not  performed  by bank on behalf  of customer ?
  • A
    Topaytelephone bill
  • Tobookrailway ticket
  • C
    Topayelectricbill
  • D
    Topay insurance premium
Answer
Correct option: B.
Tobookrailway ticket
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MCQ 141 Mark
How much maximum  money  us transferred   through  batch  by $NEFT ?$
  • A
    Twolacs
  • B
     Fifty thousand
  • C
    onelac
  • Anyamount
Answer
Correct option: D.
Anyamount
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MCQ 151 Mark
Minimum   how much  amount can be  transferred   in $NEFT ?$
  • Any amount
  • B
    Fixed Loan
  • C
    Demanddraft
  • D
    payorder
Answer
Correct option: A.
Any amount
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MCQ 161 Mark
What does the  bank do with the money  deposited with it ?
  • A
    Anyamount
  • B
    $2$ lac
  • C
    $5$ lac
  • $50000$
Answer
Correct option: D.
$50000$
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MCQ 171 Mark
Which code is  necessary for both   the banks  for transferring  money in India  from one  bank to another  through  $RTGS ?$
  • A
     payssalary
  • B
    MakesFurniture
  • C
    Opens branch
  • Lendselsewhere
Answer
Correct option: D.
Lendselsewhere
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MCQ 181 Mark
Which of the following id not  the subsidiary  function of bank ?
  • A
    $NEFT$
  • B
    $IBSC$
  • C
    $IMSC$
  • $IFSC$
Answer
Correct option: D.
$IFSC$
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MCQ 191 Mark
In  the Roman  Empire  which name the money  lender  was known by ?
  • A
    Issuing  letter ofCredit
  • B
    Provide $ATM$ service
  • C
    Inter–bankingtransaction.
  • Travellers cheques
Answer
Correct option: D.
Travellers cheques
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MCQ 201 Mark
Where was   the first  bank in the word  started ?
  • A
    MoneyMerchant
  • B
    Monisa
  • Masela
  • D
    Mogrila
Answer
Correct option: C.
Masela
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MCQ 211 Mark
What is it  called a  cheque  written   by one bank to another bank ?
  • A
    Manchester
  • B
    Geneva
  • Hongkoing
  • D
     NewYork
Answer
Correct option: C.
Hongkoing
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MCQ 221 Mark
From which  Italian  word the term  ‘bank’ is derived ?
  • A
    payorder
  • B
    LetterofCredit
  • Demanddraft
  • D
     Ordercheque
Answer
Correct option: C.
Demanddraft
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MCQ 231 Mark
$KYC$  is required  to open  account in the  bank  provide  to its  meaning ?
  • A
    Beneko
  • B
    Benecha
  • C
    Beno
  • Banco
Answer
Correct option: D.
Banco
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MCQ 241 Mark
Which  guarantee  service  does bank give  to newly  being   established  company ?
  • A
    $7$ hours
  • B
    $4$ hours
  • $48$ hours
  • D
    $12$ hours
Answer
Correct option: C.
$48$ hours
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MCQ 251 Mark
Mention full name of $ATM.$
  • A
    locker
  • B
     Demanddraft
  •  Automated Teller Machine
  • D
     TravellersCheques
Answer
Correct option: C.
 Automated Teller Machine
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MCQ 261 Mark
Which function  of bank  has become  easy  through  interest ?
  • A
    Nine
  • B
    Ten
  •  Eleven
  • D
     Twelve
Answer
Correct option: C.
 Eleven
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MCQ 271 Mark
Which of the following  is not included  in    financial transaction  done   on behalf  of account  holder ?
  • A
    E–banking
  • B
    Corebanking
  • C
    Mobile banking
  • Allmentioned
Answer
Correct option: D.
Allmentioned
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MCQ 281 Mark
what is it  called  when bank  lends customer  at a time for  long period ?
  • A
    stoppayment
  • B
    paytaxes
  • paytelephonebill
  • D
    paytelephonebill
Answer
Correct option: C.
paytelephonebill
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MCQ 291 Mark
Maximum hoe many  transactions cash amount are settled   in one  batch  through $RTGS ?$
  • A
    $ 20$ transactions
  • B
    $25$ transactions 
  • C
    $15$ transactions
  • $10$ transactions
Answer
Correct option: D.
$10$ transactions
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MCQ 301 Mark
Settlement of $RTGS$ transactions  are done  Reserve  Bank at hoe  many hours ?
  • Everyhour
  • B
    EveryThreehour
  • C
    Ever Twohour
  • D
    Every Fourhour.
Answer
Correct option: A.
Everyhour
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MCQ 311 Mark
What is $CORE$ in core banking ?
  • A
    Current OperateRealExchange
  • Centralized Online Realtime Exchange
  • C
    Code–OrientedRupee Exchange
  • D
    Convert OR Exchange
Answer
Correct option: B.
Centralized Online Realtime Exchange
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MCQ 321 Mark
Which of the following   is not  included  in non – financial  transactions done by bank ?
  • A
     togive bankstatement
  • toissuechequebook
  • C
    toissue passbook
  • D
    toissue demand draft.
Answer
Correct option: B.
toissuechequebook
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MCQ 331 Mark
Which of the following  is not included in the traditional procedure of bank ? 
  • A
    Tokeep ledgerfirentry intheaccount
  • B
    Topreserve  vouchers
  • RoentryinComputer
  • D
    Toverify specimen signature 
Answer
Correct option: C.
RoentryinComputer
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MCQ 341 Mark
What is it called when considering  goods, stock  and recovery of business  money ?
  • A
    BankLoan
  • B
    BankLoan
  • C
    Callmoney
  • CashCredit
Answer
Correct option: D.
CashCredit
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MCQ 351 Mark
What is the system  called in which financial  transactions  are done from one  bank to another bank in India ?
  • A
    $MTBI$
  • $RTGS$
  • C
    $BTMS$
  • D
    $RITS$
Answer
Correct option: B.
$RTGS$
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MCQ 361 Mark
Which type of account  businessmen  open in the bank ?
  • Current  Account
  • B
    Saving Account
  • C
    Recurring Account
  • D
    FixedDeposit Account
Answer
Correct option: A.
Current  Account
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MCQ 371 Mark
Which of the following  service  does in the bank provide to its customer ?
  • A
    $ATM$
  • B
    Depositvoult
  • C
    $DEMAT$
  • AllMentioned
Answer
Correct option: D.
AllMentioned
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MCQ 381 Mark
What   does  bank do to pay the  money  whose name id cash  in travelling ?
  • Order
  • B
    Instruct
  • C
    Request
  • D
    Insist.
Answer
Correct option: A.
Order
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MCQ 391 Mark
Through which bank inter – banking   financial transactions  are  carried  out ?
  • A
    State BankofIndia 
  • B
    CentralBankofIndia
  •  Reserve BankofIndia
  • D
    StateBankofMumbai
Answer
Correct option: C.
 Reserve BankofIndia
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MCQ 401 Mark
Banks  mostly  invest  in which securities ?
  • A
    Gold
  • B
    Silver
  • C
    $HDFC$
  • Public Sector.
Answer
Correct option: D.
Public Sector.
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MCQ 411 Mark
Today for which of the following  bank does not give loan ?
  • A
    Home Loan
  • B
    Surgery
  • C
    Machinery Loan
  • GoldLoan
Answer
Correct option: D.
GoldLoan
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MCQ 421 Mark
Out of the following   which type of deposit  bank does not accept ?
  • A
    SavingAccount
  • B
    CurrentAccount
  • Temporary Account
  • D
    FixedtermAccount
Answer
Correct option: C.
Temporary Account
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MCQ 431 Mark
Which of the following  is not the main function of the bank ?
  • A
    Toacceptdeposits
  • To rent lockers
  • C
    TolendMoney
  • D
    Toinvest Money
Answer
Correct option: B.
To rent lockers
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MCQ 441 Mark
In the ancient  time in which empire  was the word bank emerged ?
  • The Roman Empire
  • B
    TheBritish Empire
  • C
    TheChinese Empire
  • D
    Maugal Empiure
Answer
Correct option: A.
The Roman Empire
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MCQ 451 Mark
In which year was the first bank of the word started ?
  • $1618$
  • B
    $1378$
  • C
    $1407$
  • D
    $1508$
Answer
Correct option: A.
$1618$
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MCQ 461 Mark
In which facility does a customer repays at the end of the month?
  • A
    Debit card
  • B
    $ATM$
  • Credit card
  • D
    All of these
Answer
Correct option: C.
Credit card
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MCQ 471 Mark
In which of the following does a bank needs to maintain very strict rules in its system?
  • m-banking
  • B
    core banking
  • C
    e-banking
  • D
    All of these
Answer
Correct option: A.
m-banking
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MCQ 481 Mark
A branch in which a person opens his bank account is called his
  • A
    Personal branch
  • B
    Area branch
  • Home branch
  • D
    Local branch
Answer
Correct option: C.
Home branch
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MCQ 491 Mark
In how many phases can we divide the transformation of banking processes?
  • A
    $2$
  • $3$
  • C
    $4$
  • D
    $5$
Answer
Correct option: B.
$3$
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MCQ 501 Mark
Which loan will have the longest repayment period?
  • A
    Overdraft
  • B
    Vehicle loan
  • C
    Cash-credit
  • Housing loan
Answer
Correct option: D.
Housing loan
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