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This set of Modern Banking Multiple Choice Questions & Answers (MCQs) focuses on Modern Banking Set 6
Q1 | A place where representatives of banks meet to settle cheques for collection
- Bankers club
- Acceptance bank
- Clearing house
- Discount house
Q2 | Which of the following is subsidiary function of a bank
- Accepting deposit
- Granting credit
- Safe custodial service
- Banking services
Q3 | Ownership of IDBI is vested with
- RBI
- Govt. Of India
- SBI
- SIDBI
Q4 | Credit card system was firstly developed in..........
- Bank of England
- Bank of America
- RBI
- Bank of Tokyo
Q5 | Call deposit is modified form of................
- Fixed deposit
- Demand draft
- Term deposit
- SB deposit
Q6 | The EXIM bank established in the year
- 1982
- 1992
- 1998
- 1975
Q7 | NABARD was established in the year
- 1986
- 1982
- 1990
- 1964
Q8 | Lead Bank scheme was introduced by RBI in the year
- 1986
- 1969
- 1975
- 1980
Q9 | Rule of Claytons Case is related with
- Fixed deposit
- Appropriation of debt
- Cash credit
- Term loans
Q10 | Garnishee order is issued by
- State govt.
- Central govt.
- RBI
- Court of law
Q11 | Scheduled bank is one.................
- Which is included in II schedule of RBI
- Which is included in II schedule of Banking Regulation act
- Institution dealing in money
- Which gives loan to SC/ST
Q12 | SBI was set up by nationalising
- Bank of Calcutta
- Imperial bank
- National Provincial bank
- Bharath bank
Q13 | A bankers lien is
- General
- Particular
- Proportional
- Specific
Q14 | Number of subsidiary banks of SBI is
- 5
- 10
- 14
- 7
Q15 | Signature of one rupee note is of.....
- RBI Governor
- Finance secretary
- President of India
- Finance Minister
Q16 | Origin of banking is said to be closely connected with
- Arabs
- Romans
- Indians
- Jews
Q17 | The best example of pure commercial banking is
- British banking
- German banking
- Indian banking
- Japanese banking
Q18 | Which country’s banking is regarded as best example of mixed banking
- Germany
- USA
- Britain
- India
Q19 | Money at call is otherwise known as..........
- Overdraft
- Overnight money
- Credit card
- Cash credit
Q20 | ............ bank is one which specialise in financing foreign trade of a country
- Unit
- Branch
- Overseas
- Exchange
Q21 | “A central bank is an institution charged with responsibility of regulating supply and costof money in the interest of general public”. This definition was made by;
- H L Hart
- Keynes
- John Paget
- Dudley Johnson
Q22 | Commercial bank can be either unit banking type or ----------- banking type.
- Central
- Branch
- Specialised
- Rural
Q23 | Discounting of bills of exchange is.......... function of commercial banks
- Lending
- Borrowing
- Investment
- Agency
Q24 | Industrial banks are also called .......... as they subscribing the securities issued by theindustrial concerns.
- Share banks
- Loan banks
- Development banks
- Investment bank
Q25 | IDBI and IFCI are examples of...........
- Commercial bank
- Co-operative bank
- Industrial bank
- Unit bank