Modern Banking Set 8

Bachelor of Arts in Economics (BA Economics)

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This set of Modern Banking Multiple Choice Questions & Answers (MCQs) focuses on Modern Banking Set 8

Q1 | Central Land Mortgage Bank was started in Madras in
  • 1920
  • 1921
  • 1922
  • 1929
Answer: 1929
Q2 | Central Co-operative banks are organised at........... level
  • Taluk
  • District
  • State
  • National
Answer: District
Q3 | Head quarters of RBI is
  • New Delhi
  • Mumbai
  • Calcutta
  • Nasik
Answer: Mumbai
Q4 | Head quarters of NABARD is
  • New Delhi
  • Mumbai
  • Calcutta
  • Nasik
Answer: Mumbai
Q5 | Area of operation of RRB comprises of
  • One or more district
  • A state
  • Two or more states
  • Taluk
Answer: One or more district
Q6 | Chairman of NABARD is appointed by
  • UPSC
  • SSC
  • RBI
  • Central Govt.
Answer: Central Govt.
Q7 | LAB stands for......
  • Lead Area Bank
  • Local Area Bank
  • Lending and Borrowing
  • Leading and Banking
Answer: Local Area Bank
Q8 | Largest bank in the world (asset wise) is.......
  • BNP Paribus
  • SBI
  • German Bank
  • British Bank of Middle East
Answer: BNP Paribus
Q9 | Largest bank in the world in branches is.......
  • BNP Paribus
  • SBI
  • German Bank
  • HSBC
Answer: SBI
Q10 | The present Governor of RBI is
  • Bimal Jalan
  • Subba Rao
  • Raghuram Rajan
  • Rangarajan
Answer: Raghuram Rajan
Q11 | Industrial Reconstruction Bank of India(IRBI) was established in the year
  • 1961
  • 1960
  • 1985
  • 1975
Answer: 1985
Q12 | ............ is “Pay later product”
  • Debit card
  • ATM card
  • Credit card
  • Both a&b
Answer: Credit card
Q13 | ............ is “Pay now product”
  • Debit card
  • ATM card
  • Credit card
  • Charge card
Answer: Debit card
Q14 | Banking Ombudsman was established in...........
  • 1993
  • 1997
  • 1995
  • 1987
Answer: 1995
Q15 | Another name of credit card is.......
  • Debit card
  • Money card
  • Plastic money
  • Card money
Answer: Plastic money
Q16 | Credit card was first time launched in the world by..........
  • British bank
  • Bank of America
  • HSBC
  • SBI
Answer: Bank of America
Q17 | “Either of Survivor” account in a bank is............account
  • Minors Account
  • Joint account
  • Saving account
  • Double account
Answer: Joint account
Q18 | RTGS stands for.........
  • Rural Transactions of Government services
  • Real Time Gross Settlement
  • Recurring and Term Gross Savings
  • Real Time Government Service
Answer: Real Time Gross Settlement
Q19 | A Head quarter of SIDBI is..........
  • New Delhi
  • Mumbai
  • Calcutta
  • Lucknow
Answer: Lucknow
Q20 | The first new generation bank starts its operation in India
  • ICICI
  • HDFC
  • AXIS bank
  • Centurion
Answer: ICICI
Q21 | The first new private sector bank is...............
  • HDFC bank
  • ICICI bank
  • Centurion bank
  • UTI bank
Answer: UTI bank
Q22 | Money lenders in Kerala come under purview of........
  • Banking Regulation Act
  • Indian Companies Act
  • Kerala Banking Regulation Act
  • Kerala Money lenders Act
Answer: Kerala Money lenders Act
Q23 | Imperial bank of India was established by amalgamation of .......... presidencybanks
  • 3
  • 5
  • 7
  • 10
Answer: 3
Q24 | Custodian of National Rural Credit Stabilisation Fund
  • RBI
  • SBI
  • NABARD
  • ARBI
Answer: NABARD
Q25 | Number of public sector Banks in India
  • 14
  • 20
  • 21
  • 28
Answer: 28
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