Top 20 Banking Scenario in India Related MCQS Questions along with answers.
- BIS stands for ____.
A. Bank for Internal Settlement
B. Bank for International Settlement
C. Bank for International Service
D. Bank for Internal Service
Answer-B
2.What is not required for opening a bank account?
A. Identity proof
B. Photograph
C. Address proof
D. Medical report
Answer-D
3._____ is not related to payment services of Banking system.
A. Collection.
B. Forex.
C. Loans.
D. Payment & Remittances.
Answer-C
4. In case of death of account holder, his amount will be paid to ____ by the bank.
A. Legal heir
B. Business Partner
C. Nominee
D. Spouse
Answer-C
5.________ is not a service channel of bank.
A. Internet
B. Mobile
C. ATMs
D. Cheques
Answer-D
6. _________ comes under payment and remittances services of bank.
A. Debit card
B. Local clearing
C.ECS
D. National clearing
Answer-A
7.Which one is collection service of banks?
A. Charge card
B. Cheque
C. ECS
D. Demand Drafts
Answer-C
8.The __________ schedule of the RBI Act contains a list of banks referred as scheduled banks.
A. First
B. Second
C. Third
D. Fourth
Answer-B
9.Currently ____________ is the governor of RBI.
A. Raghuram Rajan
B. Shaktikanta Das
C. Nirmala Sitharaman
D. Urjit Patel
Answer-B
10.RTGS means ____.
A. Real Time Gross Service
B. Real Time Gross System
C. Real Time Gross Settlement
D. Real Time Gross Syndicate
Answer-C
11.In which year National Electronic Fund Transfer started in India?
A. 2002
B. 2004
C. 2005
D. 2006
Answer-C
12._______ are settled on gross basis.
A. RTGS
B. NEFT
C. ECS
D. SWIFT
Answer-A
13.Overdraft is allowed for______.
A. Current Account
B. Saving Account
C. Fixed Account
D. Recurring Account
Answer-A
14.The other name of Hybrid Deposits.
A. Fixed deposit
B. Joint account
C. Flexi deposits
D. Current deposits
Answer-C
15.___ Provide license for all banks by the Reserve Bank of India.
A. Section 23
B. Section 24
C. Section 22
D. Section 35
Answer-C
16.Banking Regulation Act,_____.
A. 1949
B. 1950
C. 1951
D. 1952
Answer-A
17.Foreign Exchange Regulation Act_____ empowered the RBI to exercise control over foreign securities.
A. 1973
B. 1969
C. 1950
D. 1974
Answer-A
18.Minimum period of fixed deposits is ____days.
A. 7
B. 100
C. 10
D. 20
Answer-A
19.SWIFT bank was founded in which year?
A. 1973
B. 1975
C. 1989
D. 1985
Answer-A
20.SWFT stands for _____.
A. Society for Worldwide Interbank Financial Telecommunications
B. Society for Worldwide Internal Financial Telecommunications
C. Society for Worldwide Internet Financial Telecommunications
D. Society for Worldwide International Financial Telecommunications
Answer-A