BANK MCQ Quiz Hub

1. The universal set of standards for EDI is known as _____.
EDIFACT
EDI
ISO
BIS

2. The universal set of standards for EDI is known as _____.
EDIFACT
EDI
ISO
BIS

3. The universal set of standards for EDI is known as _____.
EDIFACT
EDI
ISO
BIS

4. Communication technology ________.
A. facilitates the processing of data.
helps in transmission of data
enables decision support system.
is a tool for data mining.

5. Which of the following is the gateway in India EDI services worldwide?
Satyam online
BSNL
MTNL
VSNL.

6. When SHIFT network was came to India?
December 2, 1991.
December 1, 1991
December 3, 1991.
December 4, 1991

7. How many standard message categories in SWIFT?
10 types.
9 types
8 types
7 types.

8. The banking operations are carried through a single banking office is _______.
branch banking
unit banking
commercial banking
universal banking

9. The banking operations are carried through a network of branches are called____.
branch banking
unit banking.
commercial banking
universal banking

10. The banking which attracts deposits and lending for only short periods is known as _______.
commercial banking
unit banking
branch banking
development banking

11. Deposit banking is also called as ___.
commercial banking.
unit banking
branch banking
development banking.

12. In India every scheduled bank has to maintain with RBI a cash balance equivalent of all the deposit liabilities called as _____.
open market ratio.
cash reserve ratio
bank reserve ratio.
credit reserve ratio.

13. During 1969, how many banks were nationalized?
15
14
16
17

14. During 1980, how many banks were nationalized?
7
6
5
8

15. The _______ acts as an agent of the RBI.
SBI
ICICI
IOB
HDFC

16. Which committee recommended the establishment of private sector banks in India?
Dr. Rangarajan committee.
Narashimham committee
Rajendran committee
Govindarajan committee.

17. RBI was set up in the year____.
1935.
1934
1933
1932

18. ______ has been constituted as a corporate body having perpetual succession and a common seal.
RBI.
ICICI
HDFC
IOB

19. The Indian _____ is the market in which short term funds are borrowed and lent.
Money market
Open market
Closed market.
Credit market

20. Where did bill market first developed?
USA
London
France
Italy.

21. The obligation of a banker to honour his customers cheque is extinguished on receipt of an order of the court, known as the ______.
garnishee order.
bank order
RBI order.
. debtor order

22. A Garnishee order is an order issued by _____.
Income tax officer
official liquidator
court
RBI

23. The deposit with the bank for a fixed period which is specified at the time of making the deposit is called _____.
saving deposit
current deposit
bank deposit
. fixed deposit

24. The minimum period for which a commercial bank can accept term deposit is __.
7 days
15 days.
30 days.
60 days.

25. Interest on fixed deposits is compounded _____.
monthly
quarterly
half yearly
yearly basis

26. A banker should not stop operation of the account if the customer ____.
. dies.
becomes insolvent
changes his business premises.
becomes insane

27. Floating rate of interest is the rate which is ______.
decided by the bank arbitrarily.
linked with another relevant rate.
fixed by the Indian banks association
notified by the reserve bank of India.

28. MICR refers to ______.
Magnetic Ink Character Recognition
Magnetic Ink Company Recognition
Magnetic Ink Cross Recognition.
Magnetic Ink Community Recognition.

29. If the endorser signs his name only the endorsement is said to be _______.
. endorsement in blank B. . C. . D.
endorsement in full.
conditional endorsement
restricted endorsement.

30. A cheque with Not negotiable crossing _____.
cannot be negotiated
can be negotiated and the endorsee title is not affected in any case.
can be negotiated but the holder of the cheque will not have title better than that of the person from whom he took it.
is always deemed as crossed specially

31. Who can cancel the crossing on a cheque?
The payee.
The paying banker
The endorser
The drawer.

32. Which is not possible for the payee of a cheque?
. To convert a bearer cheque into an order cheque.
To convert an open cheque into a crossed cheque.
. To convert general crossing into special crossing
To make a specially crossed cheque into generally crossed cheque.

33. A banker should not refuse payment of a cheque if ________.
the cheque is a post dated cheque.
the cheque is drawn on another branch of the same bank.
the cheque contains an apparent material alteration which is not properly authenticated by the drawer.
the cheque bears more than two endorsements

34. A banker should not refuse payment of a cheque if ________.
the cheque is a post dated cheque.
the cheque is drawn on another branch of the same bank.
the cheque contains an apparent material alteration which is not properly authenticated by the drawer.
the cheque bears more than two endorsements

35. The acceptor for honour ________.
Does not bear any liability as he is not a party to the bill.
Bears the liability similar to the person for whose honour he accepts the bill. C. .. D.
Acts as a surety to the drawee
Bears no liability.

36. The cause of dishonour of cheque much be _________.
forget signature of drawer.
incomplete cheque.
insufficiency of funds in the account.
any material alteration.

37. REPO facility means _______.
borrowing of money without security.
borrowing on the basis of guarantee.
borrowing against term loans.
borrowing against securities on repurchase basis.

38. Aggregate capital market exposure for banks is prescribed as 40 per of ____.
net worth.
aggregate time and demand liabilities
total investments
total assets of a banking company.

39. Aggregate capital market exposure for banks is prescribed as 40 per of ____.
net worth.
aggregate time and demand liabilities
total investments
total assets of a banking company.

40. Expansion of SBI
State Bank of India.
Securities Bank of India.
Stock Broking of India
Society Bank of India

41. A negotiable instrument not drawn or make in India is called_______ instrument.
inland.
foreign
time
clean

42. A term loan is not secured by ______.
. legal mortgage of fixed assets.
pledge of goods
hypothecation of movable assets equitable mortgage
equitable mortgage.

43. According to section 19(b.) of the banking regulation act, a bank can hold shares in a company not exceeding ____.
20per
25per
30per
35per

44. For issuing a duplicate demand draft, the purchaser is required to submit?
Guarantee of a third party
Collateral security
Indemnity bond
Undertaking from the payee.

45. The relationship between the hirer of a locker and banker is that _____.
principal and agent
lessee and lessor.
debtor and creditor.
pledge and pledger.

46. A debit card holder makes payment for purchases ______.
After 15 days.
After 20 days
After a month
Immediately through his account.

47. Credit information report contains ____.
a recommendation.
a guarantee about repayment
for taking credit decisions
for underwriting the shares of the borrower company.

48. Credit information furnished by credit information company to a bank can be used by it ____.
for any purpose
for publication in its annual report
for taking credit decisions
for underwriting the shares of the borrower company.

49. Banking regulation act was passed in the year_______.
1934.
1946
1949
1948

50. Expansion of ICICI.
Industrial Credit and Investment Corporation Of India
Industrial Credit and Investment Company Of India.
Industrial Credit and Investment Co-operation Of India
Industrial Credit and Insurance Corporation Of India

51. The consumer Credit Bureau covers credit availed by ________.
individuals
private and public limited companies
proprietary concerns
banks.

52. The relationship between a banker and a customer is _________.
that of a debtor and creditor
that of a creditor and a debtor.
primarily that of a debtor and a credit
that of a debtor and agent

53. The banker has a lien on ________.
bonds given for collection
bonds given for safe custody
bonds left by mistake
bonds given for safe.

54. The following one is not a material alteration.
Alteration of crossing.
Alteration of place of payment.
Conversion of blank endorsement into full endorsement
Alteration of the payees name.

55. The paying banker can get protection for a materially altered cheque provided __.
the alteration is not apparent.
he makes payment in due course.
the alteration is immaterial.
i & ii together

56. The safest form of crossing is ______.
general crossing
. special crossing
double crossing.
. a/c payee crossing.

57. The safest form of crossing is ______.
general crossing
. special crossing
double crossing.
. a/c payee crossing.

58. Endorsement signifies that the ___________.
endorser has got a good title.
endorsers signature is genuine.
previous endorsements are genuine
All of the above.

59. The biggest constraint in E-banking is ________.
start-up cost.
maintenance cost
training cost.
security cost.

60. The credit card offers _______.
A. . revolving credit for certain period.
payoff the entire amount of card usage.
on-line recover of amount of card usage
only amount.

61. Mobile banking offers the following.
Withdrawal of cash anywhere in India
Statement of account for a specific period.
Transfer of funds from one account to another account.
Balance enquiry.

62. _______ is an example of an auction site.
. E-bay.
Ibibo
Facebook
Orkut

63. A debit card is only for.
. electronic card both withdraw and deposit purpose.
electronic card only for shop purpose.
electronic card only for withdraw purpose.
electronic card only for deposit purpose.

64. Two types of trading in the financial markets
electronic delivery
Courier
Door delivery.
Post delivery.

65. The Secure Electronic Transaction protocol is used for ______.
credit card payment
cheque payment.
electronic cash payments.
payment of small amounts for internet services

66. SWIFT have _______ digital code number?
11.
5
6
10.

67. A digital certificate__________.
is an electronic message uniquely identifying the message sender.
is a summary of a plain text document.
is a reliable third party that authenticates the message sender.
is used to identify the owner of a private key and related public key.

68. A digital certificate__________.
is an electronic message uniquely identifying the message sender.
is a summary of a plain text document.
is a reliable third party that authenticates the message sender.
is used to identify the owner of a private key and related public key.

69. A credit card contains _______.
only cash.
not only cash.
not for cash
withdraw cash only.

70. A credit card contains _______.
only cash.
not only cash.
not for cash
withdraw cash only.

71. SMART stands for: Specific, Measurable, _________, Relevant and Tangible.
accurate.
Actionable
Accountable
Achievable

72. Electronic payment system is a——–.
. software.
hardware
application
package

73. In Electronic cash payment ____.
debit card payment system is used.
customer buys several electronic coins which are digitally signed by coin issuing bank. C.
credit card payment system is used
RSA cryptography is used in the transactions.

74. In Electronic cash payment ____.
debit card payment system is used.
customer buys several electronic coins which are digitally signed by coin issuing bank. C.
credit card payment system is used
RSA cryptography is used in the transactions.

75. In Electronic cash payment________.
customer not withdraws coins in various denominations signed by the bank.
the bank has a database of issued coins.
not issues coins.
the bank cannot trace a customer.

76. A digital signature is _________.
bit string giving identity of a correspondent.
unique identification of a sender.
an authentication of an electronic record by tying it uniquely to a key only a sender knows.
an encrypted signature of a sender.

77. The Secure Electronic Transaction protocol is used for _________.
credit card payment.
cheque payment
electronic cash payments
payment of small amounts for internet services.

78. The Secure Electronic Transaction protocol is used for _________.
credit card payment.
cheque payment
electronic cash payments
payment of small amounts for internet services.

79. The Secure Electronic Transaction protocol is used for _________.
credit card payment.
cheque payment
electronic cash payments
payment of small amounts for internet services.

80. M. banking means.
To perform actions on his / her mobile device.
To perform actions on his / her webpage.
To perform actions on his / her internet service.
To perform actions on his / her pc.

81. M. banking means.
To perform actions on his / her mobile device.
To perform actions on his / her webpage.
To perform actions on his / her internet service.
To perform actions on his / her pc.

82. Off-line data entry is preferable when.
data should be entered without error.
the volume of data to be entered is large.
the volume of data to be entered is small.
information is to be processed periodically.

83. E-cash means.
to transfer money between different parties over a network.
to transfer cheque between different parties over a network.
to credit money between different parties over a network.
to credit cheque between different parties over a network.