Modern Banking Set 7

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 7

Q1 | International Bank for Reconstruction and Development is popularly known as
Q2 | Payment of premium by a commercial bank is a part of their........ System.
Q3 | Unit banks are linked with bigger banks by a system called........
Q4 | Bank is a “factory” of.............
Q5 | NPA stands for.............
Q6 | Commercial banks act as income tax consultant. This is a.............. function.
Q7 | .......... Ratio refers to that portion of total deposits of commercial bank which it has tokeep with central bank in the form of cash reserve.
Q8 | Non Banking Financial Corporation’s (NBFCs) are otherwise known as...........
Q9 | Maximum period for which deposits can be obtained by a NBFC is
Q10 | In banking sector, KYC stands for
Q11 | The process of replacing physical cheque with electronic cheque is..........
Q12 | The Securitisation and Reconstruction of Financial Assets and Enforcement of SecurityInterest Act (SARFASIA) came into effect on.............
Q13 | Commission recommended for the formation of RBI is
Q14 | Dues made by debtors are...............
Q15 | ---------- represents the rate at which the central bank absorbs liquidity from thebanks
Q16 | The first foreign bank which introduced merchant bank in India is
Q17 | The first Indian public sector bank which introduced its own merchant bankdivision in India
Q18 | Which of the following is quantitative measure of credit control of RBI
Q19 | Banking Regulation Act passed in the year
Q20 | The first development bank in India is
Q21 | ICICI was established in the year
Q22 | SIDBI was established as a wholly owned subsidiary of..........
Q23 | The apex development bank in India is
Q24 | The apex financial institution in India is
Q25 | ATM stands for...........
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