Q161: Expansion of HDFC___
- A. Housing Development Finance Corporation
- B. Housing Development Finance Company
- C. Housing Development Finance Co-operative
- D. Housing Development Finance Community
Answer
Answer A. Housing Development Finance Corporation
Q162: A bill of exchange is drawn for a maximum period of___
- A. 90 days
- B. 120 days
- C. 180 days
- D. 360 days
Answer
Answer C. 180 days
Q163: In a promissory note the words or order are___
- A. necessary to insert
- B. not necessary to insert
- C. not necessary but it is usual to insert
- D. necessary it is usual
Answer
Answer C. not necessary but it is usual to insert
Q164: Until a bill of exchange is accepted, primary liability there on is that of___
- A. Payee
- B. Drawee
- C. Drawer
- D. Acceptor
Answer
Answer C. Drawer
Q165: Bill of exchange can be drawn payable___
- A. to bearer on demand
- B. either on demand or after a fixed time
- C. to bearer in presence
- D. to bearer not in presence
Answer
Answer B. either on demand or after a fixed time
Q166: A Cheque is always payable on___
- A. demand
- B. a specified future date
- C. the last day of the grace
- D. the will of the paying banker
Answer
Answer A. demand
Q167: A promissory note___
- A. can be drawn in sets
- B. cannot be drawn in sets
- C. indemnity bond is also necessary
- D. indemnity bond is not necessary
Answer
Answer B. cannot be drawn in sets
Q168: Who controls credit in India?
- A. Government of India
- B. RBI
- C. SBI
- D. Indian bank
Answer
Answer B. RBI
Q169: Negotiable gives to the transferee___
- A. the same title
- B. no title
- C. no better title
- D. better title
Answer
Answer D. better title
Q170: Who is primarily liable on a promissory note?
- A. Holder
- B. Maker
- C. Drawee
- D. Endorser
Answer
Answer B. Maker
Q171: Negotiable instruments are defined under___
- A. Section 52 of the Banking regulation act, 1949
- B. Section 25 of the Reserve bank of India act, 1934
- C. Section 13 of the Negotiable instruments act, 1881
- D. Section 14 of the companies act, 1956
Answer
Answer C. Section 13 of the Negotiable instruments act, 1881
Q172: ICICI was incorporated in___
- A. 1948
- B. 1955
- C. 1956
- D. 1964
Answer
Answer B. 1955
Q173: LIC was set up in___
- A. 1948
- B. 1951
- C. 1956
- D. 1964
Answer
Answer C. 1956
Q174: National industrial development corporation Ltd, was established in___
- A. 1954
- B. 1955
- C. 1956
- D. 1964
Answer
Answer A. 1954
Q175: IFCI was established in___
- A. 1947
- B. 1948
- C. 1951
- D. 1956
Answer
Answer B. 1948
Q176: IFCI has its registered office in___
- A. Bombay
- B. Madras
- C. New Delhi
- D. Calcutta
Answer
Answer B. Madras
Q177: RBI grants for agricultural purposes___
- A. only short-term finance
- B. medium- and long-term finance
- C. short -term and medium-term finance only
- D. short, medium- and long-term finance
Answer
Answer C. short -term and medium-term finance only
Q178: Development banks are institutions which___
- A. give development loans
- B. provide emergency loans of banks
- C. are subsidiaries of RBI
- D. provide term finance to industries
Answer
Answer B. provide emergency loans of banks
Q179: The apex institution in agricultural finance is___
- A. NABARD
- B. EXIM bank
- C. RBI
- D. IDBI
Answer
Answer A. NABARD
Q180: Expansion of NEFT___
- A. National Electronic Fund Transfer
- B. Neutral Electronic Fund Transfer
- C. Nominal Electronic Fund Transfer
- D. Natural Electronic Fund Transfer
Answer
Answer A. National Electronic Fund Transfer
Q181: Expansion of EFT___
- A. Electronic Fund Transfer
- B. Economic Fund Transfer
- C. European Fund Transfer
- D. Electric Fund Transfer
Answer
Answer A. Electronic Fund Transfer
Q182: The head office of a bank is responsible for___
- A. only Bank level planning
- B. only Bank level planning, control functions
- C. bank level planning, control functions and policy decision
- D. only services to the branches
Answer
Answer C. bank level planning, control functions and policy decision
Q183: In which system computers are based on the centralized processing concept?
- A. Multi-user computer networking
- B. Stand-alone computer networking
- C. Processing computer system
- D. Frame computer system
Answer
Answer A. Multi-user computer networking
Q184: The committee was set up to study bank computerization under___
- A. Dr. C Rangarajan
- B. Dr. C. Ragavendra
- C. Dr. C. Raja rajan
- D. Dr. C. Ramachandran
Answer
Answer A. Dr. C Rangarajan
Q185: RTGS means___
- A. Real Time Gross Settlement
- B. Real Turn Gross Settlement
- C. Real Technique Gross Settlement
- D. Real Towards Gross Settlement
Answer
Answer A. Real Time Gross Settlement
Q186: The first Indian bank to open branch outside India___
- A. Bank of India
- B. Allahabad bank
- C. south Indian bank
- D. Indian bank
Answer
Answer A. Bank of India
Q187: Customer interface is maximum at the___level
- A. zonal
- B. branch
- C. head office
- D. state office
Answer
Answer A. zonal
Q188: RTGS system works___days in a year
- A. 365
- B. 362
- C. 300
- D. 305
Answer
Answer B. 362
Q189: KYC means___
- A. know your customer
- B. know your creditor
- C. know your cost
- D. know your card
Answer
Answer A. know your customer
Q190: The first bank in India to be given an ISO certificate___
- A. Canara bank
- B. SBI
- C. central bank of India
- D. Indian bank
Answer
Answer A. Canara bank
Q191: Core banking is a___branch computerization model
- A. decentralized
- B. centralized
- C. unified
- D. ATM
Answer
Answer A. decentralized
Q192: Any EFT limit on the amount of individual transaction?
- A. No limit
- B. Rs. 5,00,000
- C. Rs. 50,00,000
- D. Rs. 25,00,000
Answer
Answer A. No limit
Q193: How many public sector banks have EFT facility available?
- A. 27
- B. 32
- C. 28
- D. 30
Answer
Answer A. 27
Q194: EFT is introduced by
- A. IRDA
- B. RBI
- C. SEBI
- D. NSE
Answer
Answer B. RBI
Q195: How many centres have EFT facility available?
- A. 15 centres
- B. 14 centres
- C. 13 centres
- D. 12 centres
Answer
Answer A. 15 centres
Q196: How many scheduled commercial banks have EFT facility available?
- A. 35
- B. 45
- C. 55
- D. 65
Answer
Answer C. 55
Q197: Expansion of ECS___
- A. Electronic Clearing system
- B. Electronic cantered system
- C. Electronic cross systems
- D. Electronic conversion systems
Answer
Answer A. Electronic Clearing system
Q198: In early 1990s, which type of ATMs makes their appearance in India?
- A. Multi user ATM
- B. Network ATM
- C. Branch ATM
- D. Stand-alone ATMs
Answer
Answer D. Stand-alone ATMs
Q199: The objective of computerization in India is to___
- A. replace men with machines
- B. make the work life more meaningful
- C. control the manpower
- D. control the economy
Answer
Answer A. replace men with machines
Q200: ATMs are primarily used for performing the___functions
- A. infrastructure
- B. computer based
- C. banking
- D. hospitalized
Answer
Answer C. banking
