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This set of Modern Banking Multiple Choice Questions & Answers (MCQs) focuses on Modern Banking Set 4
Q1 | Second nationalisation of commercial banks (6 banks)was in the year
- 1979
- 1980
- 1984
- 1976
Q2 | Cooperative banks are registered under.............
- RBI Act
- Banking Regulation Act
- Co-operative societies act
- Any of the above
Q3 | The first Regional Rural Bank came into existence on
- 1972
- 1964
- 1975
- 1977
Q4 | The largest public sector bank in India is
- RBI
- SBI
- Canara Bank
- Indian Overseas Bank
Q5 | RRB Act was enacted in the year
- 1974
- 1979
- 1975
- 1976
Q6 | ............. is the apex institution for rural development and rural credit
- RBI
- IDBI
- NABARD
- IRBI
Q7 | RBI was established in the year
- 1949
- 1935
- 1964
- 1947
Q8 | Medium term loans are meant for a period
- 3-5 years
- 5-10 years
- Over 10 years
- 1-3 years
Q9 | Possession of a security practically with the banker is in the case of
- Mortgage
- Pledge
- Hypothecation
- Hire purchase
Q10 | Maximum number of withdrawals permitted per half year weather by cheque orotherwise in saving bank account
- 100
- 200
- 50
- No limit
Q11 | The banker’s obligation to pay his customers cheque is a duty towards............
- The drawee
- The drawer
- The holder
- The payee
Q12 | Collateral security means
- Advance against supply bills
- Share and debentures
- Goods pledged to the bank
- Additional security
Q13 | RBI issues currency notes on the basis of............
- Minimum reserve
- General reserve
- Proportional reserve
- Gold reserve
Q14 | The term “Reserve” in Reserve bank of India indicates
- Reserved for govt. Business alone
- It keeps reserves of all commercial banks
- No special significance
- It keeps foreign currency
Q15 | SBI was established in the year
- 1954
- 1956
- 1955
- 1964
Q16 | For opening new branch of a bank should obtain the sanction of..........
- Central government
- State government
- RBI
- All the above
Q17 | Negotiable Instrument Act was passed in the year
- 1856
- 1875
- 1881
- 1882
Q18 | NABARD is administered by
- RBI
- SBI
- Board of Directors
- Central govt.
Q19 | A depositor can withdraw money from the bank any number of time in.............
- Fixed deposit
- Savings bank
- Current a/c
- Recurring deposit
Q20 | A cheque is deemed stale after
- One month
- 3 months
- 6 months
- One year
Q21 | Bank rate policy is aimed at
- Development of banks
- Helping loan takers
- Stabilising internal price level
- None of these.
Q22 | Bank of England was established in the year
- 1586
- 1612
- 1694
- 1656
Q23 | Garnishee order is to restrain a banker from
- Receiving deposit
- Making payment
- Accepting bills
- Crossing of cheques
Q24 | A banker need not bother too much to open an account in the name of a person whenreceiving.........
- Term deposit
- Demand deposit
- Saving deposit
- Call deposit
Q25 | Primary relationship between banker and customer is that of
- Dealer and customer
- Principal and agent
- Debtor and creditor
- Vender and buyer