Deck 10: Banking and Financial Services: A Compilation of Questions

Question 1

RRB was set up in the year

A)1945
B)1935
C)1975
D)1976

Answer 1

1975

Question 2

Cooperative Banks in India have a

A)two-tier system
B)three-tier system
C)four-tier system
D)five-tier system

Answer 2

three-tier system

Question 3

ATM can be used for

A)cash withdrawal
B)account enquiry
C)statement of account
D)all of above

Answer 3

all of above

Question 4

Coins are issued by

A)RBI
B)NABARD
C)Public sector banks
D)Government of India

Question 5

Internet Banking refers to

A)operation of account through internet
B)opening of account through ATM
C)Both a) and b)
D)None of above

Question 6

Who can open bank account?

A)Indian citizen
B)Non-resident of Indian
C)illiterate
D)all of above

Question 7

The first Indian bank is known as

A)Bank of Hindustan
B)Bank of Madras
C)Bank of Calcutta
D)Bank of Bombay

Question 8

The first Indian bank known as „The Bank of Hindustan? was set up in

A)1894
B)1880
C)1798
D)1770

Question 9

Imperial Bank of India was nationalised in _______.

A)1949
B)1955
C)1959
D)1969

Question 10

What is Scheduled Bank in India?

A)It is included in the 11 Schedule of Banking Regulation Act.
B)It is Included in the 11 Schedule of Consitution.
C)It is included in the 11 Schedule of Reserve Bank of India Act.
D)None of these

Question 11

Which is the largest private sector bank in India

A)HDFC Bank
B)Axis Bank
C)ICICI Bank
D)Kotak Mahindra

Question 12

The type of card that can be issued by the government to the farmers to meet their cultivation needs and non-farm requirement is

A)Kisan Credit Card
B)ATM Card
C)Kisan Vikas Card
D)None of the above

Question 13

Which is the largest public sector bank in India

A)State Bank of India
B)Bank of Baroda
C)Canara Bank
D)Indian Overseas Bank

Question 14

If the account of a customer shows a credit balance, the banker will be:

A)Creditor
B)Debtor
C)Debtor and Creditor
D)None of the above

Question 15

Overdraft facilities are allowed in

A)Saving account
B)Fixed account
C)Current account
D)None of the above

Question 16

The purpose of the crop loan is to facilitate the agriculturists to carry on:

A)Allied activities
B)Irrigation only
C)Seasonal agricultural operations
D)None

Question 17

Industrial banks are specialised financial institutions established by government to:

A)Meet short term credit needs of the farmers
B)Provide Cash Credit and Overdraft facilities
C)Meet long term finance requirements of industries
D)Provide necessary training to farmers

Question 18

Which of the following is known as a Savings Bank Account opened with a commercial bank with zero balance or very minimal balance?

A)Current account
B)No-frills account
C)Fixed deposit account
D)Recurring account

Question 19

Deposits mobilised by the banks are utilised for:i.loans and advancesii.investment in government and other approved securities in fulfilment of liquidity stipulationiii.investment in commercial paper, shares, debentures up to stipulated ceilings

A)only (i)
B)both (ii) and (iii)
C)All the above
D)None of the above

Question 20

A banker is obliged to keep the affairs of his customer secret except under special circumstances such as:

A)Where disclosure is requested by a third party
B)Where another banker requires the information
C)Where disclosure is made with the consent of the customer
D)where disclosure is requested by the customer?s employer

Question 21

Right of lien is the right of a creditor

A)To sell the goods and securities of the customer in his possession
B)To retain in his possession goods and securities and not the right to sell
C)To appropriate a customer?s debt
D)none of the above

Question 22

Overdraft facilities are allowed in

A)current a/c only
B)savings a/c only
C)fixed deposit only
D)recurring deposit only

Question 23

A kind of deposit where depositor is required to deposit a fixed amount at regular intervalfor a specific period is

A)term deposit
B)saving deposit
C)fixed deposit
D)recurring deposit

Question 24

When a banks make an advance to lump sum, the whole of which is withdrawn in cashimmediately by the borrowers who undertakes to repaid it in installments, it is called

A)Cash credit
B)loan
C)Home loan
D)Personal loan

Question 25

The Kisan credit card (KCC) is valid for normally a period of _____years subject to annual review

A)6 years
B)7 years
C)8 years
D)9 years