Modern Banking And Insurance Set 2

Bachelor of Arts in Economics (BA Economics)

Practice Mode Previous Next
On This Page

This set of Modern Banking and Insurance Multiple Choice Questions & Answers (MCQs) focuses on Modern Banking And Insurance Set 2

Q1 | The government of India passed the SFC Act in ---------------------
  • 1951
  • 1960
  • 1945
  • 1950.
Answer: 1951
Q2 | Maturity period of CDs ranges from
  • above 1 year
  • 3 months to 1 year
  • 5 month
  • 1 month.
Answer: 3 months to 1 year
Q3 | MMMFs was introduced by
  • rbi
  • commercial bank
  • adb
  • idbi.
Answer: rbi
Q4 | MMMFs was introduced in
  • 1990
  • 1991
  • 1992
  • 1993
Answer: 1992
Q5 | The goal of MMMFs was to provide short term avenue to:
  • farmers
  • businessmen
  • investors
  • unemployed
Answer: investors
Q6 | DFHI was set up in
  • 1988
  • 1982
  • 1956
  • 1948.
Answer: 1988
Q7 | REPO rate was introduced in
  • 1990
  • 1992
  • 1982
  • 1980.
Answer: 1992
Q8 | On 29th September 2015 repo rate is
  • 6.75
  • 6.25
  • 6
  • 6.5
Answer: 6.75
Q9 | Reverse repo is introduced in
  • january 1996
  • april1996
  • november 1996
  • december 1996.
Answer: november 1996
Q10 | On 29th September 2015 reverse repo rate is
  • 5.75
  • 6.25
  • 5
  • 6.5
Answer: 5.75
Q11 | Find odd one
  • e-banking
  • virtual banking
  • online banking
  • m-banking.
Answer: m-banking.
Q12 | Find odd one
  • chit funds
  • nidhis
  • finance companies
  • indigeneous bankers.
Answer: indigeneous bankers.
Q13 | On 29th September 2015 bank rate is
  • 5.75
  • 6.25
  • 7.75
  • 6.5
Answer: 7.75
Q14 | On 29th September 2015 the percentage of CRR is
  • 4.75
  • 4
  • 4.5
  • 6.5
Answer: 4
Q15 | On 29th September 2015 the SLR is
  • 20
  • 21.5
  • 21
  • 20.5.
Answer: 21
Q16 | The method of banking in which customers conduct transaction through internet
  • mobile bank
  • e-bank
  • e-commerce.
  • tele banking.
Answer: e-bank
Q17 | Voice recognition capability can be through
  • e-banking
  • tele banking
  • m-banking
  • sms banking.
Answer: m-banking
Q18 | Consortium means -------------------------
  • partnership
  • owner
  • manager
  • individual.
Answer: partnership
Q19 | Banking with a conscience is --------------------
  • tele banking
  • social banking
  • sms banking
  • m-banking.
Answer: social banking
Q20 | Ethical Banking is --------------------
  • tele banking
  • social banking
  • sms banking
  • m-banking.
Answer: social banking
Q21 | Alternative Banking is --------------------
  • tele banking
  • social banking
  • sms banking
  • m-banking.
Answer: social banking
Q22 | Civic Banking is --------------------
  • tele banking
  • social banking
  • sms banking
  • m-banking.
Answer: social banking
Q23 | Sustainable Banking is --------------------
  • tele banking
  • social banking
  • sms banking
  • m-banking.
Answer: social banking
Q24 | Which one serves as a form of revolving credit?
  • social bank
  • debit card
  • credit card
  • e-purse.
Answer: credit card
Q25 | ATM and debit cards are combined in to a single card called
  • bank card
  • atm
  • credit card
  • e-purse.
Answer: credit card
Previous Next