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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 4
Q1 | Garnishee order is issued by
- state govt.
- central govt.
- rbi
- court of law
Q2 | 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
Q3 | SBI was set up by nationalising
- bank of calcutta
- imperial bank
- national provincial bank
- bharath bank
Q4 | A bankers lien is
- general
- particular
- proportional
- specific
Q5 | Number of subsidiary banks of SBI is
- 5
- 10
- 14
- 7
Q6 | Signature of one rupee note is of.....
- rbi governor
- finance secretary
- president of india
- finance minister
Q7 | Origin of banking is said to be closely connected with
- arabs
- romans
- indians
- jews
Q8 | The best example of pure commercial banking is
- british banking
- german banking
- indian banking
- japanese banking
Q9 | Which country’s banking is regarded as best example of mixed banking
- germany
- usa
- britain
- india
Q10 | Money at call is otherwise known as..........
- overdraft
- overnight money
- credit card
- cash credit
Q11 | ............ bank is one which specialise in financing foreign trade of a country
- unit
- branch
- overseas
- exchange
Q12 | “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
Q13 | Commercial bank can be either unit banking type or ----------- banking type.
- central
- branch
- specialised
- rural
Q14 | Discounting of bills of exchange is.......... function of commercial banks
- lending
- borrowing
- investment
- agency
Q15 | Industrial banks are also called .......... as they subscribing the securities issued by theindustrial concerns.
- share banks
- loan banks
- development banks
- investment bank
Q16 | IDBI and IFCI are examples of...........
- commercial bank
- co-operative bank
- industrial bank
- unit bank
Q17 | International Bank for Reconstruction and Development is popularly known as
- international bank
- overseas bank
- world bank
- imf
Q18 | Payment of premium by a commercial bank is a part of their........ System.
- deposit
- agency
- exchange
- utility
Q19 | Unit banks are linked with bigger banks by a system called........
- mixed banking
- group banking
- correspondent banking
- network banking
Q20 | Bank is a “factory” of.............
- cash
- coins
- credit
- deposit
Q21 | NPA stands for.............
- normal profit achievement
- nonperforming assets
- non profit advances
- non performing agents
Q22 | Commercial banks act as income tax consultant. This is a.............. function.
- lending
- utility
- agency
- demand.
Q23 | .......... Ratio refers to that portion of total deposits of commercial bank which it has tokeep with central bank in the form of cash reserve.
- slr
- crr
- plr
- repo
Q24 | Non Banking Financial Corporation’s (NBFCs) are otherwise known as...........
- narrow banks
- para banks
- virtual banks
- link banks
Q25 | Maximum period for which deposits can be obtained by a NBFC is
- 5 years
- 15 years
- 10 years
- 2 years