Modern Banking Set 3

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 3

Q1 | MICR is a ________ digit code.
Q2 | CTS was introduced RBI in _________
Q3 | ________ conversion of physical cheque into electronic form for transmission to the payingbank.
Q4 | CORE stands for ________
Q5 | Banking services that increasingly rest on technology and communication systems is popularlyknown as ___________
Q6 | _________ is also called virtual banking or anywhere banking.
Q7 | _________ banking implies co-operation among group of banks for various large scale bankingoperations and to enjoy the economics of scale.
Q8 | In _______ banking, different banks provide different banking services to a single borrowerwithout having a common arrangement or understanding between the lenders.
Q9 | _______ banking refers to the establishment of banking unite which deal only with foreigncurrency denominated assets & liabilities.
Q10 | Indian banks were nationalised in the year
Q11 | Bankers are not only purveyors of money but also an important sense they are
Q12 | Primary functions of a commercial banks are ........... and lending
Q13 | The total number of public sector banks in India is
Q14 | Indian Institute of Bankers is registered as.............
Q15 | The head quarters of National Housing Bank is
Q16 | The Head quarters of Allahabad Bank is
Q17 | The ‘Teller System’ has been introduced by banks to.........
Q18 | Money at call and short notice of a bank is ............
Q19 | The terms drawer, drawee and payee are associated with;
Q20 | Where the RBI has no branch the bank which can act as its agent is;
Q21 | Unless otherwise specified DD or cheques is valid for a period of;
Q22 | RBI was nationalised in the year
Q23 | The drawee of a cheque is always..........
Q24 | Commercial banks in India was organised as.......
Q25 | In India ............. banks are nationalised in the year 1969
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