Q201: ___is a technology that allows you to access your bank account from a mobile device
- A. Home banking
- B. Mobile banking
- C. Internet banking
- D. Television banking
Answer
Answer B. Mobile banking
Q202: During 1969, how many banks were nationalized?
- A. 15
- B. 14
- C. 16
- D. 17
Answer
Answer A. 15
Q203: During 1980, how many banks were nationalized?
- A. 7
- B. 6
- C. 5
- D. 8
Answer
Answer B. 6
Q204: The___acts as an agent of the RBI
- A. SBI
- B. ICICI
- C. IOB
- D. HDFC
Answer
Answer B. ICICI
Q205: Deposit banking is also called as___
- A. commercial banking
- B. unit banking
- C. branch banking
- D. development banking
Answer
Answer A. commercial banking
Q206: In India every scheduled bank has to maintain with RBI a cash balance equivalent of all the deposit liabilities called as___
- A. open market ratio
- B. cash reserve ratio
- C. bank reserve ratio
- D. credit reserve ratio
Answer
Answer B. cash reserve ratio
Q207: The banking which attracts deposits and lending for only short periods is known as___
- A. commercial banking
- B. unit banking
- C. branch banking
- D. development banking
Answer
Answer A. commercial banking
Q208: The banking operations are carried through a network of branches are called___
- A. branch banking
- B. unit banking
- C. commercial banking
- D. universal banking
Answer
Answer A. branch banking
Q209: The banking operations are carried through a single banking office is___
- A. branch banking
- B. unit banking
- C. commercial banking
- D. universal banking
Answer
Answer B. unit banking
Q210: How many standard message categories in SWIFT?
- A. 10 types
- B. 9 types
- C. 8 types
- D. 7 types
Answer
Answer B. 9 types
Q211: Which has been made possible by the application of information technology?
- A. Date mining
- B. Date warehousing
- C. Data bases
- D. Support systems
Answer
Answer B. Date warehousing
Q212: ___is a technique to reveal the strategic information hidden in the data warehouses
- A. Data mining
- B. Data warehousing
- C. Data bases
- D. Support systems
Answer
Answer A. Data mining
Q213: ___is the demographic information about customers to help banks focus on particular segments
- A. Date mining
- B. Date warehousing
- C. Data analysis
- D. Support systems
Answer
Answer C. Data analysis
Q214: ___is to analyze the performance of a set a securities and fundamental data of the companies that issue the securities
- A. Date mining
- B. Date warehousing
- C. Data analysis
- D. Stock portfolio creation and analysis
Answer
Answer C. Data analysis
Q215: Who recommended the RBI to establish a data warehouse on banking and finance?
- A. Dr. Rangarajan
- B. M.M. Shah
- C. M. Venkat Ram
- D. Vasudevan
Answer
Answer D. Vasudevan
Q216: The universal set of standards for EDI is known as___
- A. EDIFACT
- B. EDI
- C. ISO
- D. BIS
Answer
Answer A. EDIFACT
Q217: Communication technology___
- A. facilitates the processing of data
- B. helps in transmission of data
- C. enables decision support system
- D. is a tool for data mining
Answer
Answer B. helps in transmission of data
Q218: Which of the following is the gateway in India EDI services worldwide?
- A. Satyam online
- B. BSNL
- C. MTNL
- D. VSNL
Answer
Answer D. VSNL
Q219: When SHIFT network was came to India?
- A. December 2, 1991
- B. December 1, 1991
- C. December 3, 1991
- D. December 4, 1991
Answer
Answer A. December 2, 1991
Q220: Which committee recommended the establishment of private sector banks in India?
- A. Dr. Rangarajan committee
- B. Narashimham committee
- C. Rajendran committee
- D. Govindarajan committee
Answer
Answer A. Dr. Rangarajan committee
Q221: RBI was set up in the year___
- A. 1935
- B. 1934
- C. 1933
- D. 1932
Answer
Answer A. 1935
Q222: ___has been constituted as a corporate body having perpetual succession and a common seal
- A. RBI
- B. ICICI
- C. HDFC
- D. IOB
Answer
Answer A. RBI
Q223: The Indian___is the market in which short term funds are borrowed and lent
- A. Money market
- B. Open market
- C. Closed market
- D. Credit market
Answer
Answer A. Money market
Q224: Where did bill market first developed?
- A. USA
- B. London
- C. France
- D. Italy
Answer
Answer B. London
Q225: The obligation of a banker to honour his customers cheque is extinguished on receipt of an order of the court, known as the___
- A. garnishee order
- B. bank order
- C. RBI order
- D. debtor order
Answer
Answer A. garnishee order
Q226: A Garnishee order is an order issued by___
- A. Income tax officer
- B. official liquidator
- C. court
- D. RBI
Answer
Answer C. court
Q227: The primary relationship between banker and customer is a___relationship
- A. Mutual
- B. Contractual
- C. Personal
- D. None of the above
Answer
Answer B. Contractual
Q228: Which one of the following is the most important relationship between banker and customer?
- A. Debtor and Creditor
- B. Bailee and Bailor
- C. Agency and Principal
- D. Trustee and Beneficiary
Answer
Answer A. Debtor and Creditor
Q229: The bank can consider___lien as their protection against loss on loan or overdraft which was given to its customers
- A. Special
- B. Particular
- C. General
- D. Lending
Answer
Answer A. Special
Q230: When customer’s account overdrawn or when customer has taken loan from banker, then the customer
- A. Creditor
- B. Agent
- C. Debtor
- D. Bailor
Answer
Answer C. Debtor
Q231: It is a___obligation of a banker to honour the cheques of the customer drawn against current account
- A. Mutual
- B. Statutory
- C. Non-statutory
- D. All of the above
Answer
Answer B. Statutory
Q232: Which bank have given the instructions to the commercial banks regarding the immediate credit of outstation cheques?
- A. Reserve Bank of India
- B. Central Bank
- C. World Bank
- D. All of the above
Answer
Answer A. Reserve Bank of India
Q233: Dishonour of cheque by a banker without any justifiable reason is called
- A. Valid dishonour of cheques
- B. Unmindful dishonour of cheques
- C. Negligence dishonour of cheques
- D. Wrongful dishonour of cheques
Answer
Answer D. Wrongful dishonour of cheques
Q234: When banker received deposits from the customer, then the banker becomes___of the customer
- A. Debtor
- B. Creditor
- C. Bailee
- D. Trustee
Answer
Answer A. Debtor
Q235: A___refers to the right of banker to adjust the credit and debit balance of customers without obtaining any letter of set-off or without giving any notice to the customers
- A. Automatic set-off
- B. Proper set-off
- C. Legal set-off
- D. Special set-off
Answer
Answer A. Automatic set-off
Q236: A company who accepts demand deposit is called___
- A. Joint stock company
- B. Banking company
- C. Manufacturing company
- D. IT company
Answer
Answer B. Banking company
Q237: Current Accounts are mainly opened by
- A. Professionals
- B. Agriculturalist
- C. Salaried class people
- D. Trading and industrial concern
Answer
Answer D. Trading and industrial concern
Q238: The RTGS introduced by RBI in___
- A. April 2006
- B. June 2015
- C. March 2005
- D. March 2004
Answer
Answer D. March 2004
