MCQs | BANK/Bank Mcq Question Set 8 Sample Test,Sample questions

Question:
A debt becomes time-barred after:

1.One year

2.Two years

3.Three years

4.Four years


Question:
A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will:

1.Stop payment

2.Performs no action

3.Not act on the request

4.Note caution and will advice the payee to contact purchaser of the draft


Question:
Bitcoin is a_________.

1.Payment system

2.Internet Service Provider

3.Term used in share market

4.None of these


Question:
CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on the recommendations of:

1.Chore Committee

2.Ghosh Committee

3.Kapoor Committee

4.Krishna Committee


Question:
First bank in India to launch its interactive banking service through Dish TV:

1.HSBC

2.Axis Bank

3.HDFC Bank

4.ICICI Bank


Question:
From 25th September 1975, Rupee was de-linked from pound sterling and was linked to________.

1.Gold

2.Dinar

3.US Dollar

4.Basket of Currencies


Question:
Hypothecation is:

1.A transaction of conditional sale

2.Transfer of ownership by the borrower to the lender

3.Either a or b

4.A legal transaction whereby goods may be made available as security for a debt


Question:
�Among the following which were the first rulers in India to issue coins which can be definitely attributed to the kings?

1.Shakas

2.Kushans

3.Parthians

4.Indo-Greeks


Question:
�Payment of a cheque may be countermanded by the ___

1.Payee

2.Drawer

3.Drawee

4.True owner


Question:
In India, Fixed Fiduciary System of note issue was in force from________.

1.1816 to 1920

2.1890 to 1950

3.1920 to 1947

4.1947 to 1954


Question:
In the matter of handling bills of exchange for collection, the relationship between customer and the bank is:

1.Bailor and bailee

2.Principal and agent

3.Trustee and the beneficiary

4.All of the above


Question:
J.S. Verma Committee Report relates to:

1.Bank Mechanization

2.Corporate Governance

3.Strengthening of weak banks

4.All of the above


Question:
Maximum amount of Cheque

1.Rs.1 crore

2.Rs.150 crore

3.Rs.200 crore

4.No limit


Question:
Mutual funds are required to be registered with:

1.RBI

2.SEBI

3.AMFI

4.NABARD


Question:
Nainital Bank is a subsidiary of which of the following banks?

1.Syndicate Bank

2.Bank of Baroda

3.State Bank of India

4.Reserve Bank of India


Question:
On 1st March, 1992, Reserve Bank of India announced a new system of exchange rates known as_______.

1.Partial Convertibility

2.Liberalized Exchange rate system

3.Both (a) and (b)

4.None of these


Question:
RBI has the legal right to issue bank notes, under which act?

1.RBI Act

2.Coinage Act

3.Companies Act

4.Banking Regulation Act


Question:
The biggest international financial centre in the world:

1.Paris

2.London

3.Geneva

4.New York


Question:
The decimal system of note and coin issue was started in India in______ .

1.1950

2.1957

3.1961

4.1972


Question:
The expansion of BIFR, in the context of the Indian Industry is:

1.Board for Industrial and Financial Reconstruction

2.Bureau for Industrial and Financial Reconstruction

3.Board for Investment and Financial Reconstruction

4.Bureau for Investment and Financial Reconstruction


Question:
The largest financial conglomerate of India is:

1.SBI

2.IFCI

3.ICICI Bank

4.HDFC Bank


Question:
The primary relationship between the banker and the customer is that of:

1.Lesser and lessee

2.Principal and agent

3.Debtor and Creditor

4.Trustee and beneficiary


Question:
Under which section of the Reserve Bank of India Act, the RBI has the sole right of note issue?

1.Section 21

2.Section 22

3.Section 23

4.Section 24


Question:
What do you mean by Mortgage?

1.A security created on movable property for a loan given by a bank

2.A security created on immovable property for a loan given by a bank

3.A facility created on movable property for a deposit received by a bank

4.A security created on immovable property for a deposit received by a bank


Question:
What happens if a crossed cheque is presented for payment?

1.It cannot be paid at all

2.It can be paid only through a banker

3.It can be paid across the counter in another bank

4.None of the above


Question:
What is the maximum denomination of currency note that can be issued by RBI?

1.Rs. 1,000

2.Rs. 5,000

3.Rs. 10,000

4.Rs. 50,000


Question:
What is Yield Curve Risk?

1.Yield curve changes its slope and shape from time to time

2.It is a line of graph plotting the yield of all maturities of a particular instrument

3.Yield curve can be twisted to the desired direction through the intervention of RBI

4.All of the above


Question:
Which among the following statements is correct about soiled/mutilated note?

1.Banks are expected to offer this service even to non-customers

2.All banks are authorized to accept soiled notes across their countries and pay exchange value

3.The RBI has also authorized all commercial bank branches to treat certain notes in �two pieces� as soiled notes and pay exchange value

4.All of the above


Question:
Which of the following is a reason for inflation?

1.Deficit financing

2.Structural deficiencies

3.Growth in per capita income

4.All of the above


Question:
Who is responsible for minting coins in India, and under which act?

1.RBI, RBI Act

2.RBI, Coinage Act

3.Government of India, Coinage Act

4.Government of India, Banking Regulation Act


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