Top 20 Banking Related MCQS Questions with answers.
1.NABARD was established in the year ____.
A. 1984
B.1983
C.1982
D.1980
Ans-B 1983
2.The full form of ECS______.
A. Entrepreneur clearing system
B. Easy clearing system
C. Economic clearing system
D. Electronic clearing system
Ans-D Electronic clearing system
3._____ account is normally opened for business for their convenience.
A. Fixed Deposit.
B. Saving Deposit.
C. Recurring Deposit.
D. Current Deposit.
Ans-D Current Deposit.
4.Banks are commercial _____.
A. Business
B. Institution
C. Trust
D. Organization
Ans-B Institution
5.___ is the bailment of good, security for payment of debt.
A. Pledge
B. Mortgage
C. Hypothecation
D. Presuppose
Ans-A Pledge
6.Two or more banks agree to finance a particular project is called___.
A. Re- Banking
B. Reinsurance
C. Loan syndication
D. Merger
Ans-C Loan syndication
7.Each internet accountholder is provided with ____.
A. NFC
B. EMV
C. ATM
D. PIN
Ans-D PIN
8.Unit Trust of India is the first mutual fund started in India in_____.
A. 1964
B. 1947
C. 1968
D. 1965
Ans-A 1964
9.______ banks provide development finance, venture capital, management consultancy etc.
A. Co-operative Bank
B. Commercial Bank
C. EXIM Bank
D. SIDBI Bank
Ans-B Commercial Bank
10.In _____ year RBI monetary Museum Website launched.
A. 1992
B.1994
C.1999
D. 1998
Ans-D 1998
11.The first bank in India called the ______ .
A. State Bank of India
B. Unit trust of India
C. General Bank of India
D. Bank of Calcutta
Ans-C General Bank of India
12.The full form of NEFT is ____.
A. National Electronic Funds Transfer
B. National electronic fee transfer
C. National Election Fund Transfer
D. New Electronic Fund Transfer
Ans-A National Electronic Funds Transfer
13.______ is a process of investment in securities.
A. Mutual fund
B. Factoring
C. Merchant Banking
D. Portfolio Management
Ans-D Portfolio Management
14.In_____, the first online banking service was launched.
A. 1995
B. 1997
C.2000
D.1998
Ans-B 1997
15.The board for payment & settlement systems in India was established in _____.
A.2002
B.2003
C.2005
D.2004
Ans-C 2005
16._____Deposit’s main objective is to promote savings of the people.
A. Saving
B. Current
C. Recurring
D. Fixed
Ans-A Saving
17._____ is repayable on the expiry of specified period.
A. Fixed Deposit
B. Saving Deposit
C. Current Deposit
D. Recurring Deposit
Ans-A Fixed Deposit
18._____ deposit is also called as cumulative deposit account.
A. Saving
B. Recurring
C. Current
D. Fixed
Ans-B Recurring
19.Banks have started funding the _____ assets through leasing.
A. Quick
B. Intangible
C. Current
D. Fixed
Ans-D Fixed
20.The Scheduled banks are included in the schedule of ______Act.
A. RBI
B. Banking
C. Statutory
D.SEBI
Ans-A RBI