R4RIN – MCQs, Mock Tests | BANK E-Banking MCQ Set 1

A cheque dated subsequent to the date of its issue is ___________.

1. post dated cheque
2. blank cheque
3. crossed cheque
4. account payee cheque

✅ Correct Answer: 1

A cheque date before the date of its issue is ___________.

1. ante dated cheque.
2. full worth cheque
3. preemptive cheque.
4. . worth cheque

✅ Correct Answer: 1

A drawer can also be a _________.

1. Payee.
2. paymaster
3. banker
4. creditor

✅ Correct Answer: 1

The rate at which RBI discounts approved bill of exchange is ___________.

1. . bank rate
2. interest rate
3. exchange rate
4. discount rate

✅ Correct Answer: 4

__ headed the committee on Computerization in Indian banks (1988)

1. M. Narasimhan.
2. M.M. Shah.
3. M. Venkat Ram
4. Raj Foster

✅ Correct Answer: 1

The Word Bank has been derived from a Latin word which means _______.

1. . a bench for the keeping, lending and exchanging etc. of money.
2. an institution for meeting people.
3. place, where persons can relax
4. an institution for coordinating people

✅ Correct Answer: 1

A company who accepts demand deposit is called ___________.

1. A. banking company
2. joint stock company
3. manufacturing company
4. IT company

✅ Correct Answer: 1

The lien is __________.

1. A. method to create charge over customers property
2. not used for respective customers account.
3. not used for loan
4. used for loan

✅ Correct Answer: 1

One rupee notes bear the signature of ______.

1. president of India
2. prime minister of India
3. governor of Reserve Bank of India
4. secretary, Ministry of finance (Government of India)

✅ Correct Answer: 4

. Small coin depot is the property of _____.

1. A. State bank of India B. C. D
2. Government of India
3. Reserve bank of India
4. . Indian bank.

✅ Correct Answer: 2

A Banking company whose license is cancelled may appeal to the ___.

1. High court.
2. Supreme court
3. RBI.
4. Central government

✅ Correct Answer: 4

Who controls credit in India?

1. . Government of India.
2. RBI
3. SBI
4. Indian bank

✅ Correct Answer: 2

RBI grants for agricultural purposes _____.

1. . only short term finance.
2. medium and long term finance
3. short and medium-term finance only
4. short, medium and long term finance

✅ Correct Answer: 3

The apex institution in agricultural finance is______.

1. NABARD
2. EXIM bank
3. RBI
4. IDBI

✅ Correct Answer: 1

Development banks are institutions which _____.

1. give development loans
2. provide emergency loans of banks
3. are subsidiaries of RBI
4. provide term finance to industries

✅ Correct Answer: 2

IFCI was established in _____.

1. 1947.
2. 1948
3. 1951
4. 1956

✅ Correct Answer: 2

IFCI has its registered office in _______.

1. Bombay
2. Madras
3. Newdelhi
4. Calcutta

✅ Correct Answer: 2

National industrial development corporation Ltd, was established in _____.

1. 1954
2. 1955
3. 1956
4. 1964

✅ Correct Answer: 1

LIC was set up in _______.

1. 1948
2. 1951
3. 1956
4. 1964

✅ Correct Answer: 3

ICICI was incorporated in ______.

1. A. 1948
2. 1956
3. 1956
4. 1964

✅ Correct Answer: 2

Negotiable instruments are defined under ______.

1. Section 52 of the Banking regulation act, 1949
2. Section 25 of the Reserve bank of India act, 1934.
3. Section 13 of the Negotiable instruments act, 1881
4. Section 14 of the companies act, 1956.

✅ Correct Answer: 4

Who is primarily liable on a promissory note?

1. Holder.
2. Maker
3. Drawee
4. Endorser

✅ Correct Answer: 2

A Cheque is always payable on _______.

1. demand.
2. a specified future date
3. the last day of the grace.
4. the will of the paying banker.

✅ Correct Answer: 1

A promissory note _____..

1. can be drawn in sets
2. cannot be drawn in sets
3. indemnity bond is also necessary.
4. indemnity bond is not necessary

✅ Correct Answer: 2

In a promissory note the words or order are ______.

1. necessary to insert.
2. not necessary to insert
3. not necessary but it is usual to insert
4. necessary it is usual

✅ Correct Answer: 3

Bill of exchange can be drawn payable _______.

1. A. to bearer on demand B. C. D.
2. either on demand or after a fixed time
3. to bearer in presence
4. to bearer not in presence.

✅ Correct Answer: 2

Until a bill of exchange is accepted, primary liability there on is that of _____.

1. Payee.
2. Drawee
3. Drawer
4. Acceptor

✅ Correct Answer: 3

A bill of exchange is drawn for a maximum period of ____.

1. 90 days.
2. 120 days.
3. 180 days
4. 360 days.

✅ Correct Answer: 3

Expansion of HDFC ___________.

1. Housing Development Finance Corporation
2. Housing Development Finance Company
3. Housing Development Finance Co-operative
4. Housing Development Finance Community

✅ Correct Answer: 1

Negotiable gives to the transferee _____.

1. the same title
2. no title
3. no better title
4. better title

✅ Correct Answer: 4

________ is a dead cheque.

1. Post dated cheque
2. Stale cheque
3. Ante dated cheque
4. Pre dated cheque

✅ Correct Answer: 1

RBI refers to _________.

1. Reserve Bank of India.
2. Revenue Bank of India
3. Rupee Bank of India
4. Regional Bank of India

✅ Correct Answer: 1

Name the person to whom the amount of the cheque is payable?

1. Drawer.
2. Payee
3. Drawee
4. Acceptor

✅ Correct Answer: 3

Which is a private bank?

1. A. SBI.
2. UTI
3. IOB.
4. . Indian bank.

✅ Correct Answer: 2

The best suited deposit for trading community is _____.

1. Savings deposit
2. Current deposit.
3. Fixed deposit
4. RD.

✅ Correct Answer: 2

A pledge can be made in respect of _____.

1. building.
2. shares
3. motor car.
4. book debts

✅ Correct Answer: 2

A collecting banker is given the statutory protection only when he acts as ___.

1. a holder
2. an agent
3. a holder for value.
4. a holder in due course.

✅ Correct Answer: 4

The law of limitation applies to a saving deposit account from the date of _____.

1. opening it.
2. closing it.
3. demanding it
4. operating it.

✅ Correct Answer: 1

The most liquid asset is ______.

1. . gold.
2. bill of exchange
3. government bonds
4. cash

✅ Correct Answer: 4

According to IBA the maximum period for which fixed deposits can be obtained is ______.

1. no limit
2. 5 years
3. 7 years
4. 10 years

✅ Correct Answer: 3

The right of set – off is nothing but a ______.

1. right to sell.
2. right to retain.
3. right to combine
4. right to appropriate

✅ Correct Answer: 3

Discounting of bills of exchange is ____.

1. clean advance
2. secured advance
3. neither clean advance nor secured advance
4. unsecured advance

✅ Correct Answer: 3

Expansion of SWIFT is ______.

1. A. Society for worldwide inter bank financial telecommunication
2. Security for worldwide inter bank financial telecommunication
3. Secured for worldwide inter bank financial telecommunication
4. Safety for worldwide inter bank financial telecommunication.

✅ Correct Answer: 1

Expansion of NEFT_______.

1. National Electronic Fund Transfer.
2. Neutral Electronic Fund Transfer.
3. Nominal Electronic Fund Transfer
4. Natural Electronic Fund Transfer.

✅ Correct Answer: 1

Expansion of EFT_________.

1. . Electronic Fund Transfer
2. Economic Fund Transfer
3. European Fund Transfer
4. Electric Fund Transfer

✅ Correct Answer: 1

RTGS system works _________ days in a year

1. 365.
2. 362
3. 300
4. 305

✅ Correct Answer: 2

KYC means________.KYC means________.

1. know your customer.
2. know your creditor.
3. know your cost
4. know your card.

✅ Correct Answer: 1

The first bank in India to be given an ISO certificate _________.

1. Canara bank
2. SBI
3. central bank of India
4. Indian bank

✅ Correct Answer: 1

The first Indian bank to open branch outside India ______.

1. Bank of India
2. Allahabad bank
3. south Indian bank
4. Indian bank

✅ Correct Answer: 1

RTGS means _______.

1. A. Real Time Gross Settlement.
2. Real Turn Gross Settlement.
3. Real Technique Gross Settlement
4. Real Towards Gross Settlement

✅ Correct Answer: 1

The committee was set up to study bank computerization under ______.

1. Dr. C Rangarajan.
2. Dr. C. Ragavendra
3. Dr. C. Raja Rajan
4. Dr. C. Ramachandran

✅ Correct Answer: 1

In which system computers are based on the centralized processing concept?

1. Multi-user computer networking
2. Stand-alone computer networking
3. . Processing computer system
4. Frame computer system

✅ Correct Answer: 1

Customer interface is maximum at the _______ level.

1. zonal.
2. branch
3. head office
4. state office.

✅ Correct Answer: 1

The head office of a bank is responsible for_________.

1. only Bank-level planning
2. only Bank-level planning, control functions
3. bank-level planning, control functions and policy decision
4. only services to the branches

✅ Correct Answer: 3

The head office of a bank is responsible for_________.

1. only Bank-level planning
2. only Bank-level planning, control functions
3. bank-level planning, control functions and policy decision
4. only services to the branches

✅ Correct Answer: 3

Core banking is a __________ branch computerization model.

1. decentralized
2. centralized
3. unified
4. ATM

✅ Correct Answer: 1

The objective of computerization in India is to _____.

1. replace men with machines
2. make the work-life more meaningful
3. control the manpower
4. control the economy

✅ Correct Answer: 1

ATMs are primarily used for performing the __________ functions.

1. infrastructure
2. computer-based
3. banking
4. hospitalized

✅ Correct Answer: 3

In the early 1990s, which type of ATMs makes their appearance in India?

1. Multi-user ATM.
2. Network ATM
3. Branch ATM
4. Stand-alone ATMs

✅ Correct Answer: 4

Expansion of ECS_________.

1. Electronic Clearing system
2. Electronic centered system
3. Electronic cross systems
4. Electronic conversion systems.

✅ Correct Answer: 1

EFT is introduced by

1. IRDA
2. RBI
3. SEBI
4. NSE

✅ Correct Answer: 2

How many public sector banks have EFT facility available?

1. 27
2. 32
3. 28
4. 30

✅ Correct Answer: 1

How many scheduled commercial banks have EFT facility available?

1. 35
2. 45
3. 55
4. 65

✅ Correct Answer: 3

How many scheduled commercial banks have EFT facility available?

1. 35
2. 45
3. 55
4. 65

✅ Correct Answer: 3

How many centers have EFT facility available?

1. 15 centers
2. 14 centers
3. 13 centers
4. 12 centers

✅ Correct Answer: 1

Any EFT limit on the amount of individual transaction?

1. No limit.
2. Rs. 5,00,000
3. Rs. 50,00,000
4. Rs. 25,00,000.

✅ Correct Answer: 1

_______ is a technology that allows you to access your bank account from a mobile device.

1. Home banking
2. Mobile banking
3. . Internet banking
4. Television banking

✅ Correct Answer: 2