Multiple Choice Questions
(1) Reserve Bank of India is established on :
(a) 10 Feb 1934
(b) 1 April 1935
(c) 27 March 1949
(d) 1 August 1950
(2) The bank can consider ____ lien as their protection against loan or overdraft which was given
to its customer.
(a) Special
(b) Particular
(c) General
(d) Lending
(3) The right of set off of customer’s account can be exercised by :
(a) Banker
(b) Customer
(c) Creditor
(d) Debtor
(4) A company which accepts demand deposit is called as :
(a) Joint Stock Company
(b) Banking Company
(c) Manufacturing Company
(d) I.T. Company
(5) RTGS stands for :
(a) Real Time Grass Sent
(b) Real Time Gross Settlement
(c) Rear Time Gross System
(d) None of the above
(6) The main aim of a banker for performing the subsidiary services is to earn _________ of the customers.
(a) Money
(b) Documents
(c) Valuables
(d) Goodwill
(7) ______ deals with the definition of promissory note under Negotiable Instrument Act, 1881.
(a) Section 1
(b) Section 10
(c) Section 4
(d) Section 22
(8) A cheque dated subsequent to the date of its issue is called as :
(a) Blank cheque
(b) Crossed cheque
(c) Account payee cheque
(d) Post dated cheque
(9) Core banking is a ____ branch computerisation model.
(a) Centralised
(b) Decentralised
(c) Standalone
(d) None of the above
(10) ECS stands for :
(a) Electric Censor System
(b) Electronic Clearing Service
(c) Electronic Cross System
(d) None of the above
(11) EFT is introduced by :
(a) IRDA
(b) RBI
(c) SEBI
(d) NSE
(12) ______ is a technology that allows you to access your bank account from your mobile device.
(a) Home banking
(b) Internet banking
(c) Mobile banking
(d) None of the above
(13) A Garnishee order is issued by :
(a) Income Tax Officer
(b) Bank
(c) Court
(d) None of the above
(14) Who regulates the money circulation in India ?
(a) State Bank of India
(b) Reserve Bank of India
(c) NABARD
(d) Commercial Banks
(15) ______ is the person to whom the amount of the cheque is payable.
(a) Drawer
(b) Payee
(c) Drawee
(d) Acceptor
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