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This set of Modern Banking Multiple Choice Questions & Answers (MCQs) focuses on Modern Banking Set 2

Q1 | Loan designed for people who wish to sell the existing home and purchase and purchaseanother?
Q2 | The first joint Stock Bank in India?
Q3 | Repayment of an educational loan is deductable u/s_______ of the Income tax Act
Q4 | BPLR means?
Q5 | Compound interest is calculated by applying?
Q6 | If interest is changed on full amount of loan(principal) throughout the entire tenure of the loanis?
Q7 | The borrower repays his loan by way of fixed monthly installments to the bank is called?
Q8 | RBI introduced _________ scheme in 1969?
Q9 | ________act as a Consortium leader of the banking institutions in the district?
Q10 | Who introduced micro credit system in social banking segment?
Q11 | “Buy now and Pay later” is the motto of a ______.
Q12 | Credit card allow one to buy goods now and pay later called?
Q13 | Card issuers, consumers, merchants and payment sever/Service producer are four parties in_________
Q14 | Bank all over the world are enter - linked through satellite provided by __________
Q15 | EFT is also known as
Q16 | FIRPS stands for
Q17 | ____________ is a system that facilitates individuals, firms and corporate to electronically transfer fundsfrom any bank branch to any individual having an account with any other bank branch in the country.
Q18 | In case of non-credit or delay in credit to the beneficiary account, the NEFT of the respectivebank can be contacted to __________
Q19 | ___________ is an alpha-numeric code that uniquely identifies a bank branch participatingNEFT System.
Q20 | IFTP means _________
Q21 | In RTGS Minimum amount to be remitted is ___________
Q22 | In India, RTGS has been implemented on ___________
Q23 | BACS means ________
Q24 | ECS payment ______ code is essential
Q25 | MICR is a numeric code that uniquely identifies a bank-branch participating in the ________scheme.