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This set of Basics of Banking and Insurance Multiple Choice Questions & Answers (MCQs) focuses on Basics Of Banking And Insurance Set 3
Q1 | Which of the following are not methods of credit control
- bank rate
- rationing credit
- issue of notes
- direct action
Q2 | The banker will refuse payment against
- post dated cheque
- mutilated cheque
- insufficient fund in a/c
- all of these
Q3 | The following is not a demand deposit
- fixed deposit
- annuity deposit
- fixed deposit due
- all of these
Q4 | A cheque bearing a back date from the date of issue is
- stale cheque
- post dated cheque
- marked cheque
- ante dated cheque
Q5 | Banker lien shall not exercise upon
- cheques for collection
- bills for collection
- call deposit
- safe custody deposits
Q6 | Key loans are usually allowed on
- buildings
- goods under safe custody
- goods in transit
- goods for sale
Q7 | The country popular for unit banking is
- russia
- india
- america
- britain
Q8 | Overdraft facility is allowed to reputed customers on
- sb account
- current account
- fixed deposit
- call deposit
Q9 | The authority controlling the clearing house scheme is
- rbi
- sbi
- sebi
- govt.
Q10 | Crossing of a cheque can be done by
- drawer only
- payee only
- any holder
- none of these
Q11 | Cash Reserve Ratio of banks is insisted in RBI Act of 1934 under section
- 15
- 42
- 32
- 18
Q12 | In order to determine a cheque valid or not one has to examine..........
- actual date of issue
- date of receipt by payee
- date of endorsement
- date that cheque bears
Q13 | RBI is an example of
- chartered company
- statutory company
- registered company
- unlimited company
Q14 | A bank draft is drawn by
- customer
- bank
- trader
- any of the above
Q15 | Pledge means........
- advance against goods
- to draw over and above deposit
- bailment of goods as security
- mortgage of building
Q16 | One Rupee notes is issued by
- rbi
- sbi
- ministry of finance
- both rbi and govt.
Q17 | A place where representatives of banks meet to settle cheques for collection
- bankers club
- acceptance bank
- clearing house
- discount house
Q18 | Which of the following is subsidiary function of a bank
- accepting deposit
- granting credit
- safe custodial service
- banking services
Q19 | Ownership of IDBI is vested with
- rbi
- govt. of india
- sbi
- sidbi
Q20 | Credit card system was firstly developed in..........
- bank of england
- bank of america
- rbi
- bank of tokyo
Q21 | Call deposit is modified form of................
- fixed deposit
- demand draft
- term deposit
- sb deposit
Q22 | The EXIM bank established in the year
- 1982
- 1992
- 1998
- 1975
Q23 | NABARD was established in the year
- 1986
- 1982
- 1990
- 1964
Q24 | Lead Bank scheme was introduced by RBI in the year
- 1986
- 1969
- 1975
- 1980
Q25 | Rule of Claytons Case is related with
- fixed deposit
- appropriation of debt
- cash credit
- term loans