Basics Of Banking And Insurance Set 6

Bachelor of Commerce (B Com)

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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 6

Q1 | The present Governor of RBI is
  • bimal jalan
  • subba rao
  • raghuram rajan
  • rangarajan
Answer: raghuram rajan
Q2 | Industrial Reconstruction Bank of India(IRBI) was established in the year
  • 1961
  • 1960
  • 1985
  • 1975
Answer: 1985
Q3 | ............ is “Pay later product”
  • debit card
  • atm card
  • credit card
  • both a&b
Answer: credit card
Q4 | ............ is “Pay now product”
  • debit card
  • atm card
  • credit card
  • charge card
Answer: debit card
Q5 | Banking Ombudsman was established in...........
  • 1993
  • 1997
  • 1995
  • 1987
Answer: 1995
Q6 | Another name of credit card is.......
  • debit card
  • money card
  • plastic money
  • card money
Answer: plastic money
Q7 | Credit card was first time launched in the world by..........
  • british bank
  • bank of america
  • hsbc
  • sbi
Answer: bank of america
Q8 | “Either of Survivor” account in a bank is............account
  • minors account
  • joint account
  • saving account
  • double account
Answer: joint account
Q9 | In banking, EFT stands for......
  • economic fund transfer
  • electronic fund transfer
  • economic and financial transaction
  • entries of fund transfer
Answer: electronic fund transfer
Q10 | 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
Q11 | A Head quarter of SIDBI is..........
  • new delhi
  • mumbai
  • calcutta
  • lucknow
Answer: lucknow
Q12 | The first new generation bank starts its operation in India
  • icici
  • hdfc
  • axis bank
  • centurion
Answer: icici
Q13 | The first new private sector bank is...............
  • hdfc bank
  • icici bank
  • centurion bank
  • uti bank
Answer: uti bank
Q14 | 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
Q15 | Imperial bank of India was established by amalgamation of .......... presidencybanks
  • 3
  • 5
  • 7
  • 10
Answer: 3
Q16 | Custodian of National Rural Credit Stabilisation Fund
  • rbi
  • sbi
  • nabard
  • arbi
Answer: nabard
Q17 | Number of public sector Banks in India
  • 14
  • 20
  • 21
  • 28
Answer: 28
Q18 | A mutilated cheque will be -----------
  • crossed
  • endorsed
  • marked
  • torn
Answer: torn
Q19 | FDR stands for..........
  • fiduciary deposit reserve
  • fixed deposit receipt
  • fixed depreciation rate
  • fixed deposit rate
Answer: fixed deposit receipt
Q20 | The chairman of 13th Finance commission is
  • a m khushro
  • c rangarajan
  • vijay kelkar
  • bimal jalan
Answer: vijay kelkar
Q21 | The first bank in the world
  • bank of america
  • federal reserve bank
  • bank of venice
  • bank of hindustan
Answer: bank of venice
Q22 | The first bank in India
  • allahabad bank
  • punjab national bank
  • nedungadi bank
  • bank of hindustan
Answer: bank of hindustan
Q23 | First purely Indian bank is
  • allahabad bank
  • punjab national bank
  • nedungadi bank
  • bank of hindustan
Answer: punjab national bank
Q24 | The first bank in Kerala
  • federal bank
  • south malabar gramin bank
  • north malabar gramin bank
  • nedungadi bank
Answer: nedungadi bank
Q25 | The first international credit card was introduced in India by
  • sbi
  • canara bank
  • andhra bank
  • bank of baroda
Answer: andhra bank
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