I want MCQ questions for introduction to banking for bba bfsi exam
Answers
Answer:
(11) Banking functions centrally controlled by the :
[A] Central Bank
[B] RBI
[C] SBI
[D] Both [B] and [C]
Comment
Answer: Option [B]
(12) The ratio between cash in hand and total assets maintained by the banks is called :
[A] SBR (Statutory Bank Ratio)
[B] SLR (Statutory Liquid Ratio)
[C] CBR (Central Bank Reserve)
[D] CLR (Central Liquid Reserve)
Comment
Answer: Option [B]
(13) What is ‘Repo rate’?
[A] is the rate at which the RBI lends to State Government
[B] is the rate at which the International aid agencies lend to RBI
[C] is the rate at which the RBI lends to banks
[D] is the rate at which the banks lends to RBI
Comment
Answer: Option [C]
(14) What is the apex organisation of Industrial Finance in India ?
[A] Industrial Finance Corporation
[B] Industrial Credit and Investment corporation of India
[C] Industrial Development Bank of India
[D] None of these
Comment
Answer: Option [C
(15) Which scheme is eligible for refinance from NABARD (National Bank for Agricultural and Rural Development) ?
[A] Small Road and Water Transport Operators (SRWTO)
[B] Self Employment Scheme for Exservicemen (SEMFEX)
[C] Soft Loan Assistance for Margin Money (SLAMM)
[D] All of these
Comment
Answer: Option [D]
(16) Which of the following is called a ‘banker’s cheque’ ?
[A] Demand draft
[B] Debit card
[C] Pay order
[D] Banker's draft
Comment
Answer: Option [D]
(17) The place where bankers meet and settle their mutual claims and accounts is known as :
[A] Treasury
[B] Clearing House
[C] Collecting Centre
[D] Dumping Ground
Comment
Answer: Option [B]
(18) What is the ideal of designing Regional rural Banks ?
[A] Work on basics of commercial banks
[B] Help the targetted groups
[C] Keep lending rates lower than cooperative institutions
[D] Work on innovative and adaptive ideals
Comment
Answer: Option [B]
(19) Identify the punishable offence by a Bank Account holder ?
[A] If a cheque is not crossed
[B] If a post dated cheque is issued
[C] If a cheque drawn by him is dishonoured for insufficiency of funds in his account
[D] Issuing a cheque without signature
Comment
Answer: Option [C]
(20) What is a Cross cheque ?
[A] which can be encashed only by the drawee
[B] which can be encashed only through a bank
[C] which can be encashed only at the State Bank of India
[D] which can be encashed only after it has been transferred to another person
Comment
Answer: Option [B]
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