Question 1

When did RBI introduced lead banks schemes&#10;A)1969&#10;B)1968&#10;C)1967&#10;D)1966

Accepted Answer

The Reserve Bank of India introduced the Lead Bank Scheme in 1969 to provide a lead role to individual banks (both in public sector and private sector) for the development of banking and credit structure in different districts of the country.

Question 2

The banking activities performed by foreign multinational banks in a country&#10;A)Core banking&#10;B)E-Banking&#10;C)Off Shore Banking&#10;D)Islamic Banking

Accepted Answer

Off Shore Banking refers to the banking activities conducted by foreign multinational banks in a country, often involving transactions in foreign currencies and serving international clients.

Question 3

Name the banking facility of 24 hours based on the voice processing facility available with bank computers&#10;A)Tele banking&#10;B)Internet Banking&#10;C)ATM&#10;D)Core Banking

Accepted Answer

Tele banking is the correct answer because it allows customers to perform banking transactions over the phone, typically through automated voice response systems, making it a 24-hour service.

Question 4

The settlement system which settle transaction on a one to one basis without adjusting debits against credits&#10;A)Real time settlements&#10;B)Gross Settlement&#10;C)Net settlements&#10;D)None of these

Accepted Answer

Gross Settlement refers to the process where transactions are settled on an individual basis without netting debits against credits. This means each transaction is processed separately at the time it is initiated.

Question 5

In which year banking Ombudsman scheme introduced by RBI&#10;A)1996&#10;B)2006&#10;C)1991&#10;D)1995

Accepted Answer

The Banking Ombudsman Scheme was introduced by the Reserve Bank of India (RBI) in 1995 to address the complaints of customers of the banking services.

Question 6

Which of the following is not an innovative services&#10;A)Merchant Banking&#10;B)Factoring&#10;C)Accepting deposits&#10;D)Leasing

Accepted Answer

Accepting deposits is a traditional banking service, not an innovative financial service like the others listed.

Question 7

&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;refers to a banking transactions routed through internet&#10;A)Mobile banking&#10;B)Online banking&#10;C)Off shore Banking&#10;D)None of these

Accepted Answer

Online banking refers to banking transactions routed through the internet.

Question 8

NPA stands for &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.&#10;A)Net profit Assessment&#10;B)None Performing Asset&#10;C)Non Participating Asset&#10;D)None of these

Accepted Answer

NPA stands for Non Performing Asset, which refers to loans or advances that are in default or in arrears on scheduled payments of principal or interest.

Question 9

CORE Banking means &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#10;A)Centralized online real time exchange&#10;B)Centralized offshore real-time Easy fund&#10;C)None of these&#10;D)Classification of real-time E-Banking

Accepted Answer

CORE Banking stands for Centralized Online Real-time Exchange, which refers to the networking of bank branches, allowing customers to manage their accounts and use banking services from any branch of the bank on a real-time basis.

Question 10

The use of technology and telecommunication systems in banking services is known as &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#10;A)Internet banking&#10;B)Off shore banking&#10;C)Hi-tech banking&#10;D)None of these

Accepted Answer

Hi-tech banking is the use of technology and telecommunication systems in banking services.

Question 11

EFT stands for &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.&#10;A)Easy Fund Transfer&#10;B)Electronic Fund Transfer&#10;C)Equity fund Transfer&#10;D)None of these

Accepted Answer

The answer of EFT stands for &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.&#10;A)Easy Fund Transfer&#10;B)Electronic Fund...

Question 12

Name the electronic machine which is operated by the customer to make deposits and withdraws&#10;A)Cash vending machine&#10;B)ATM&#10;C)POS Terminal&#10;D)Payment gateway

Accepted Answer

The answer of Name the electronic machine which is operated...

Question 13

The method of banking that allows customers to perform banking transactions through a bank's website hosted in the internet&#10;A)Internet banking&#10;B)Mobile banking&#10;C)Hi-tech Banking&#10;D)None of these

Accepted Answer

The answer of The method of banking that allows customers...

Question 14

The mechanism by which a person can make purchases without immediate cash payment&#10;A)Credit banking&#10;B)ATM Card&#10;C)Payment card&#10;D)None of these

Accepted Answer

The answer of The mechanism by which a person can...

Question 15

&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.Card which helps a person to purchase Goods and services and makes payment from his own deposit a/c&#10;A)Credit card&#10;B)Debit card&#10;C)ATM card&#10;D)none of these

Accepted Answer

The answer of &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.Card which helps a person to purchase...

Question 16

&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.Is a valid contract between the insured and the insurer&#10;A)Policy&#10;B)Insurance&#10;C)Warranties&#10;D)None

Accepted Answer

The answer of &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.Is a valid contract between the insured...

Question 17

From the following, which is not a type of risk&#10;A)Speculative risk&#10;B)Fundamental&#10;C)Dynamic&#10;D)Quantitative Risk

Accepted Answer

The answer of From the following, which is not a...

Question 18

&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.means to make good the actual loss and nothing more than the actual loss&#10;A)Indemnity&#10;B)Subrogation&#10;C)Contribution&#10;D)None

Accepted Answer

The answer of &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.means to make good the actual loss...

Question 19

In insurance the risk is &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#10;A)Certain&#10;B)Uncertain&#10;C)Both (A) and (b)&#10;D)None

Accepted Answer

The answer of In insurance the risk is &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#10;A)Certain&#10;B)Uncertain&#10;C)Both (A)...

Question 20

From the following which is not a miscellaneous insurance?&#10;A)Motor&#10;B)Third party&#10;C)Social&#10;D)Burglary

Accepted Answer

The answer of From the following which is not a...

Question 21

Marine insurance is for one year or for a &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.Specified period&#10;A)Voyage&#10;B)Year&#10;C)Loss&#10;D)None

Accepted Answer

The answer of Marine insurance is for one year or...

Question 22

The life insurance contract is expressed in a document known as &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.&#10;A)Premium&#10;B)Policy&#10;C)Indemnity&#10;D)None

Accepted Answer

The answer of The life insurance contract is expressed in...

Question 23

&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.is a voluntary termination of the contract by the policy holder&#10;A)Report&#10;B)Surrender&#10;C)Prospectus&#10;D)Couer

Accepted Answer

The answer of &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.is a voluntary termination of the contract...

Question 24

&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.is concerned with overseas trade&#10;A)Life insurance&#10;B)Non life insurance&#10;C)Marine Insurance&#10;D)Fire Insurance

Accepted Answer

The answer of &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.is concerned with overseas trade&#10;A)Life insurance&#10;B)Non life...

Question 25

&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.means good or commodities carried in a ship&#10;A)Hull&#10;B)Cargo&#10;C)Fright&#10;D)Premium

Accepted Answer

The answer of &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.means good or commodities carried in a...

Deck 5: Banking and Insurance