MCQ-Banking

B.COM Sem- I
Subject:- Fundamentals of banking
1	We should keep our savings with banks because
	A.	It is safe	B.	Earns interest
	C.	Can be withdrawn anytime	D.	All of above
	Answer :- D
2	Bank does not give loan against
	A.	Gold Ornaments	B.	LIC policy
	C.	Lottery ticket	D.	House
	Answer :- c
3	100/- Rupee note is signed by
	A.	Prime Minister	B.	Finance Minister
	C.	RBI Governor	D.	None of above
	Answer :- C
4	ATM password should be kept in
	A.	Personal diary	B.	Office diary
	C.	Memory	D.	All of above
	Answer :- C
5	Bank does not provide loans for
	A.	Crop loans	B.	Education loans
	C.	Home loans	D.	Drinking & Gambling
	Answer :- D
6	KYC means
	A.	Know your customer	B.	Know your character
	C.	Both of above	D.	None of above
	Answer :- A
7	ATM means
	A.	Any Time Money	B.	Auto Truck of Mahindra
	C.	Automated Teller Machine	D.	None of above
	Answer :- C
8	Timely repayment of loans results
	A.	Good reputation	B.	No tension
	C.	Easily availability of loan in future	D.	All of above
	Answer :- D
9	Defaulter of loan means
	A.	Not paying loan instalments	B.	Bad reputation
	C.	Illegal activities	D.	None of above
	Answer :- A
10	Bank provides loans for
	A.	Home	B.	Car
	C.	Education	D.	All of above
	Answer :- D
11	The safest place for keeping money
	A.	A pit dug in the ground	B.	An iron box
	C.	Bank	D.	Money lender
	Answer :- C
12	Gold and silver ornaments should be kept in bank lockers
	A.	It is safe	B.	No risk of theft
	C.	Both (a) & (b)	D.	None of above
	Answer :- C
13	Currency notes are issued by
	A.	RBI	B.	NABARD
	C.	Public sector banks	D.	Central Government
	Answer :- A
14	Coins are issued by
	A.	Government of India	B.	NABARD
	C.	Public sector banks	D.	State Bank of India
	Answer :- A
15	Bank Pass Book is
	A.	Issued by Bank	B.	Contains transaction details of Bank account
	C.	Shows balance in account	D.	All of above
	Answer :- D
16	Banks pays interest on
	A.	Deposits	B.	Loans
	C.	Both (a) & (b)	D.	None of above
	Answer :- A
17	Bank charges interest on
	A.	Deposits	B.	Loans
	C.	Both (a) & (b)	D.	None of above
	Answer :- B
18	Internet banking refers to
	A.	Operation of account through internet	B.	Both (a) & (b)
	C.	Opening of account through ATM	D.	None of above
	Answer :- A
19	Who can open bank account?
	A.	Indian citizen	B.	Non Resident Indian
	C.	Illiterate	D.	All of above
	Answer :- D
20	Bank draft is issued by
	A.	Private Sector Banks	B.	Regional Rural Banks
	C.	Public Sector Banks	D.	All of above
	Answer :- D
21	Account payee cheques can be paid
	A.	At cash counter of Bank	B.	At ATM
	C.	By deposit in Bank account	D.	None of above
	Answer :- C
22	In Recurring Deposits,
	A.	a fixed sum is deposited every month	B.	Yearly of deposit
	C.	Both of above	D.	Non of above
	Answer :- A
23	ATM can be used for
	A.	Cash withdrawal	B.	Account enquiry
	C.	Statement of account	D.	All of above
	Answer :- D
24	Fixed Deposit can
	A.	Not be withdrawn before maturity	B.	Paid only after maturity
	C.	Withdrawn before maturity	D.	All of above
	Answer :- B
25	Contents of locker are
	A.	only known to hirer	B.	known to Bank
	C.	Both (a) & (b)	D.	None of above
	Answer :- A
26	If locker rent is not paid, Bank can
	A.	seal the locker	B.	break open the locker after giving suitable notice
	C.	stop operation of locker	D.	All of above
	Answer :- D
27	Which of the following is not a public sector bank in India?
	A.	Andhra Bank	B.	Federal Bank
	C.	IDBI Bank	D.	Vijaya Bank
	Answer :- B
28	What does the letter 'S' denote in the term IFSC?
	A.	Subscriber	B.	State
	C.	System	D.	Source
	Answer :- C
29	Indian Commercial Banks are categorized into:
	A.	Public sector Banks	B.	Foreign Banks
	C.	Private Sector Banks	D.	All of the above
	Answer :- D
30	Regional Rural Banks have been set up with the basic objectives of:
	A.	Providing credit to semi - urban & urban population	B.	Providing deposits facilities to farmers
	C.	Providing credit & deposit facilities to rural areas	D.	providing credit, deposit and other banking facilities to people in rural areas
	Answer :- D
31	The ICICI was formed in
	A.	1953	B.	1952
	C.	1954	D.	1955
	Answer :-  D
32	Co-operative banks are regulated by the Reserve Bank of India under which act?
	A.	Banking Regulation Act, 1949	B.	Banking Laws (Application to Co-operative Societies) Act, 1965
	C.	Negotiable Instrument Act–1881	D.	Both (A) and (B)
	Answer :- D
33	Which one of the apex bodies regulates the cooperative banks in India?
	A.	NABARD	B.	RBI
	C.	Sponsor Banks	D.	Both A and B
	Answer :-B
34	All banks registered under the ___________ are considered co-operative banks.
	A.	Banking Regulation Act 1949	B.	The Bankers’ Books Evidence Act–1891
	C.	Cooperative Societies Act, 1912	D.	Both (A) and ©
	Answer :- C
35	Who regulates the functioning of District Cooperative Banks in India?
	A.	State Government	B.	RBI
	C.	state cooperative bank	D.	non of above
	Answer :- c
36	Which was the first Cooperative Bank established in India?
	A.	Bharat coperative bank Limited	B.	Kangra central co-operative bank limited
	C.	Anyonya  co-operative bank limited	D.	Abhyudaya co-operative bank
	Answer :- C
37	________ is a deposit  of money  that has  a fixed  time and pays higher  interest  than saving bank  account.
	A.	Fixed deposite account	B.	Saving bank account
	C.	Reccuring account	D.	Current account
	Answer :- A
38	_________  is a deposit account provided by a bank or other financial institution  for  indivisuals  to save money  and earn the  modest for that money held in the account.
	A.	Fixed deposite account	B.	saving bank account
	C.	Reccuring account	D.	current account
	Answer :- B
39	__________ is  a product to provide a person with an opportunity to build up saving through regular monthly deposits  of fixed sum over a period of time.
	A.	Fixed deposite account	B.	Saving bank account
	C.	Reccuring account	D.	Current account
	Answer :- C
40	__________ is  a type of deposit  account to professional and business  alike.
	A.	Fixed deposite account	B.	saving bank account
	C.	Reccuring account	D.	current account
	Answer :- D
41	In which year the first central Bank in the world was established?
	A.	1660	B.	1670
	C.	1680	D.	1668
	Answer :- D
42	The first Public bank was
	A.	SBI	B.	Rural Bank
	C.	PNB	D.	Bank of Venice
	Answer :- D
43	RTGS stand for
	A.	Real time gross settlement	B.	Real tenure gross settlement
	C.	Ready time gross settlement	D.	non of above
	Answer :- A
44	Which of the following permit cheque operation?
	A.	Savings bank accounts and fixed deposit accounts	B.	Current accounts and fixed deposit accounts
	C.	Savings bank accounts and cash accounts	D.	Savings bank accounts and current accounts
	Answer :- D
45	Which types of deposits gives  highest  rate of interest
	A.	Fixed deposite account	B.	saving bank account
	C.	Reccuring account	D.	current account
	Answer :- A
46	Which bank deals with short-term credit?
	A.	Agricultural bank	B.	Commercial bank
	C.	Industrial bank	D.	None of these
	Answer :- B
47	Which of the following is not the function of the commercial bank?
	A.	Issue of paper notes.	B.	Acceptance of deposits
	C.	Advancing loans	D.	Credit control
	Answer :- A
48	Which bank is called lender of last resort?
	A.	Commercial bank	B.	Agricultural bank
	C.	Industrial bank	D.	Central bank
	Answer :- D
49	In which year the Reserve Bank of the India was established?
	A.	1945	B.	1947
	C.	1935	D.	1953
	Answer :- C
50	Which bank enjoys monopoly power of Note issue?
	A.	NABARD	B.	Commercial Bank
	C.	Central Bank	D.	None of these
	Answer :- C
51	Which is considered as the mother of all Central Banks?
	A.	Bank of England	B.	Risks Bank of Sweden
	C.	Federal Reserve Bank	D.	Reserve Bank of India
	Answer :- A
52	What happens if a crossed cheque is presented for payment?
	A.	It can be paid only through a banker	B.	It cannot be paid at all
	C.	It can be paid across the counter in another bank	D.	None of the above
	Answer :-  A
53	Under which sector will banking sector fall?
	A.	Agricultural sector	B.	Service sector
	C.	Industrial sector	D.	None of the above
	Answer :- C
54	What does crossing of cheques make them?
	A.	Invalid document	B.	Ineligible to endorse to a person other than the payee
	C.	Remain the same	D.	Ineligible to get cash across the bank counter
	Answer :- B
55	What happens when a bank dishonours a cheque?
	A.	It is called settlement of the cheque	B.	It is called withdrawing of the cheque
	C.	It is called nullifying of the cheque	D.	It is called return of the cheque unpaid
	Answer :- D
56	Regional Rural Banks have been set up with the basic objectives of:
	A.	Providing credit to semi - urban & urban population	B.	Providing deposits facilities to farmers
	C.	Providing credit & deposit facilities to rural areas	D.	providing credit, deposit and other banking facilities to people in rural areas
	Answer :- D
57	CRR funds are kept by the Banks in ____
	A.	Cash in hand at branches	B.	Balance with other banks
	C.	Balance in a special Account with RBI	D.	Funds in the currency chest
	Answer :- C
58	CRR stand for
	A.	Cash reserve ratio	B.	Credit reserve ratio
	C.	Credit reverse rate	D.	Cash revert rate
	Answer :- A
59	RBI known as lender of last resort because:
	A.	It has to meet the credit need of citizens to whom no one else is willing to lend	B.	Banks lend to go to RBI as a last resort
	C.	It comes to help banks in times of crisis	D.	All of the above
	Answer :- C
60	Which of the following terms NOT used in banking/finance related matters ?
	A.	Discount Rate	B.	Letter of credit
	C.	Exchange rate	D.	Base rate
	Answer :- D
61	Stand by Letter of credit (L/C) is like a
	A.	Bank guarantee	B.	Red clause LC
	C.	Letter of comfort	D.	Non of above
	Answer :- A
62	Minimum amount can be remitted through RTGS is
	A.	50000	B.	2 lakh
	C.	1 lakh	D.	5 lakh
	Answer :- B
63	Green banking means
	A.	Financing of environmental friendly projects by banks	B.	Financing of irrigation projects by banks
	C.	Development of forestry by banks	D.	None of the above
	Answer :- A
64	What is a Debit Card?
	A.	It is a card which carried prepaid balance	B.	It is a card issued by Rating Agency
	C.	It is a card which can be used for withdrawing cash or making payment if there is balance in the account	D.	It is a card which can be used for withdrawing cash or making payment even in the absence of any balance in the account
	Answer :- C
65	According to the World Bank Report India is a
	A.	Developing Country	B.	Development Country
	C.	Low Income Country	D.	Rich Country
	Answer :- C
66	The bank rate means
	A.	Rate at which RBI purchases or rediscounts bill of exchange of commercial banks	B.	Rate of interest allowed by commercial banks on their deposits
	C.	Rate of interest at which commercial banks discounted bills of their borrowers	D.	Rate of interest charged by commercial banks from borrowers
	Answer :- A
67	What is the major source of revenue for the commercial banks?
	A.	The difference between what is charged from borrowers and what is paid to depositors	B.	Fixed deposits
	C.	Revenue from the share market	D.	None of the above
	Answer :- A
68	The bank rate is the rate at which
	A.	The RBI gives credit to the commercial banks	B.	The RBI lend to the public
	C.	A bank lends to the public	D.	The Government of India lends to other countries
	Answer :- A
69	Which one of the following banks give long term loans to agriculture?
	A.	Primary Credit Society	B.	Land Development Bank
	C.	Commercial Bank	D.	State Co-operative Bank
	Answer :- D
70	If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be
	A.	Increase	B.	Decrease
	C.	No impact	D.	None of these
	Answer :- A
71	The income of the banking interest comes from
	A.	Deposit Received	B.	Interest on Deposit
	C.	Interest on Loan	D.	All of the above
	Answer :- A
72	RBI act as the of
	A.	Central Govt.	B.	State Govt
	C.	Nationalised Bank	D.	All of the above
	Answer :- D
73	LOC stand for
	A.	Low Credit	B.	Loan Certificate
	C.	Letter of Credit	D.	Letter of Cancellation
	Answer :- C
74	Which of the following is not a Public Sector Bank?
	A.	IFCI	B.	EXIM Bank
	C.	SIDBI	D.	HDFC
	Answer :- D
75	.NEFT stands for which of the following ?
	A.	National Electronic Fund Transfer	B.	National Equity Fund Transaction
	C.	National Electronic Fund Transaction	D.	Non Electronic Fund Transfer
	Answer :- A
76	Which of the following is a Demat Account ?
	A.	Accounts which facilitate repayment of a loan taken from that bank.	B.	Accounts which can be operated through the internet banking facility
	C.	Zero balane accounts	D.	Accounts in which various companies' shares are traded in electronic form
	Answer :- D
77	What is stale cheque
	A.	A cheque issued without drawer’s signature	B.	A cheque which has completed three months from its date of issue
	C.	A cheque with only signature of the drawer	D.	None of these
	Answer :- B
78	A crossed cheque is one , which can be encashed only
	A.	By the drawee	B.	through a bank
	C.	at the state bank of India	D.	After it has been transferred to another person
	Answer :- B
79	In our country, a cheque remains valid for payment for —- from the date of issue
	A.	3 months	B.	6 months
	C.	9 months	D.	12 months
	Answer :- A
80	When a bank returns a cheque unpaid , it is called
	A.	payment of the cheque	B.	drawing of the cheque
	C.	cancelling of the cheque	D.	dishonor of the cheque
	Answer :- D
81	Which of the following is called “Banker’s cheque
	A.	Demand draft	B.	Debit card
	C.	Pay order	D.	Fixed deposit
	Answer :- A
82	1. Who is primarily liable on a cheque?
	A.	Drawer	B.	Collection banker
	C.	Paying banker	D.	Everybody who touches the cheque
	Answer :- A
83	The effect of a crossing a cheque is
	A.	The payee can obtain payment only through a bank account	B.	The payee Is compelled to open an account
	C.	The payee will have to endorse the cheque to a bank	D.	None
	Answer :- A
84	cheque crossed as ‘Payees a/c only” is direction to
	A.	The payee not to negotiate the cheque	B.	The paying banker to ensure that the proceeds of the cheque are credited to the payees a/c only.
	C.	The collecting banker to ensure that the proceeds of the cheques are collected for the account of the payee only	D.	None of the
	Answer :- C
85	Who can file a criminal case against the drawer of a dishonoured cheque?
	A.	The payee	B.	The holder in due course
	C.	Both of the above	D.	The paying banker
	Answer :- C
86	The drawer of a cheque is always a
	A.	bank	B.	Firm
	C.	company	D.	customer
	Answer :- D
87	Where the signature of the drawer of a cheque is not genuine , such a cheque is called
	A.	post dated cheque	B.	stale cheque
	C.	forged cheque	D.	all
	Answer :- C
88	A cheque is defined under which act?
	A.	Payment and Settlement Systems Act, 2007	B.	Reserve Bank of India Act, 1934
	C.	Banking Regulation Act, 1949	D.	Negotiable Instruments Act, 1881
	Answer :- D
89	The relationship between a banker and customer is............
	A.	That of a debtor and creditor	B.	Primarily that of a debtor and a creditor
	C.	That of a creditor and debtor	D.	(a) and (b) together
	Answer :- B
90	The safest from of crossing is
	A.	General crossing	B.	Special crossing
	C.	Double crossing	D.	A/c Payee crossing
	Answer :- D
91	A cheque which is not crossed is called
	A.	Uncrossed cheque	B.	open cheque
	C.	order cheque	D.	Bearer Cheque
	Answer :- B
92	The bank which provides long-term finance is.......
	A.	Exchange Banks	B.	Savings Bank
	C.	Investment banks	D.	Non of above
	Answer :- C
93	Which banks provide short-term capital to agriculturists?
	A.	Cooperative bank	B.	Land Development banks
	C.	Central bank	D.	All
	Answer :- A
94	Businessman prefer.....
	A.	Loan	B.	cash credit
	C.	Overdraft	D.	Non of above
	Answer :- C
95	The rate of interest payable on various deposits is determined by the:
	A.	Head office of each bank	B.	Central Government
	C.	Reserve bank of India	D.	Indian banks Association
	Answer :- C
96	A savings bank A/c in the Sole name of a minor can be opened provided he completes...
	A.	10 years of age	B.	18 years of age
	C.	12 years of age	D.	21 years of age
	Answer :- A
97	The best suited deposit for a trading community is
	A.	Savings deposit	B.	fixed deposit
	C.	current deposit	D.	Recurring deposit
	Answer :- C
98	What is an order to a bank to pay a stated sum from the drawer's account, written on a specially printed form ?
	A.	Commerical paper	B.	Demand Draft
	C.	Promissory note	D.	Cheque
	Answer :- D
99	What is the name of the cheque which is payable to a person who so ever having it ?
	A.	Blank cheque	B.	Bearer cheque
	C.	Stale cheque	D.	order cheque
	Answer :- A
100	Which of the following is not a party of cheque ?
	A.	Drawer	B.	Drawee
	C.	Payee	D.	Writer
	Answer :- D
101	The primary relationship between a banker and customer starts from the time
	A.	when customer visits that bank	B.	when customer opens account
	C.	when customer visits that bank to made queries	D.	All of the above
	Answer :- B
102	When banker received deposits from the customer, then the banker becomes -------------- of the customer
	A.	Debtor	B.	Bailee
	C.	Creditor	D.	Trustee
	Answer :- A
103	It is a ----------------- obligation of a banker to honour the cheques of the customer drawn against current account
	A.	Mutual	B.	Statutory
	C.	Unstatutory	D.	All of the above
	Answer :- B
104	The right of set-off customers account can be exercised only by a-----
	A.	Creditors	B.	Debtors
	C.	Banker	D.	Customer
	Answer :- C
105	The Net Banking Operations the OTP stands for
	A.	Out Time Password	B.	On Time Password
	C.	One Time Password	D.	Over Timed Password
	Answer :- C
106	MICR technology used for clearance of cheques by banks refers to
	A.	Magnetic Ink Character Recognition	B.	Magnetic Ink Company Recognition
	C.	Magnetic Ink Cross Recognition	D.	Magnetic Ink Community Recognition
	Answer :- A
107	Which bank is otherwise called as Investment banks?
	A.	Exchange Bank	B.	Reserve Bank of India
	C.	Industrial Bank	D.	Agricultural Bank
	Answer :- C
108	Current Accounts are mainly opened by
	A.	Professionals	B.	Agriculturalist
	C.	Salaried class people	D.	Trading and industrial concern
	Answer :- D
109	Who controls credit in India?
	A.	Government of India	B.	Reserve Bank of India
	C.	State Bank of India	D.	. Indian Bank
	Answer :- B
110	Fixed Deposits is otherwise called as
	A.	Accrued Deposits	B.	Time deposits
	C.	Recurring Deposits	D.	Demand Deposits
	Answer :- B
111	Loan is a financial arrangement under which an advance is granted by a bank to a borrower on a separate account called
	A.	Cash credit account	B.	Overdraft account
	C.	Loan account	D.	Discount account
	Answer :- C
112	The rate of interest charged for the loan by the banker compared to overdraft and cash credit is generally
	A.	High	B.	Low
	C.	Same	D.	Based on the amount
	Answer :- B
113	Which type of account holder has the permission to overdraw the amount from his/her account
	A.	. Savings account	B.	Current account
	C.	Fixed deposit account	D.	Recurring deposit account
	Answer :- B
114	A cheque date before the date of its issue is
	A.	Ante dated cheque	B.	Worth cheque
	C.	Full worth cheque	D.	Preemptive cheque
	Answer :- A
115	The rate at which RBI discounts approved bill of exchange is
	A.	Bank rate	B.	Interest rate
	C.	Exchange rate	D.	Discount rate
	Answer :- D
116	The RTGS introduced by RBI in-----
	A.	Apr-06	B.	Mar-05
	C.	Jun-15	D.	Mar-04
	Answer :- D
117	------------ is a dead cheque
	A.	Post dated cheque	B.	Stale cheque
	C.	Ante dated cheque	D.	Pre dated cheque
	Answer :- B
118	Discounting of bills of exchange is
	A.	Clean advance	B.	Secured advance
	C.	Neither clean advance nor secured advance	D.	Unsecured advance
	Answer :- C
119	Blank endorsement is otherwise called as
	A.	Full Endorsement	B.	Qualified Endorsement
	C.	General Endorsement	D.	Special Endorsement
	Answer :- C
120	ATMs are primarily used for performing the __________ functions
	A.	Infrastructure	B.	Computer based
	C.	Banking	D.	Hospitalized
	Answer :- C
121	Expand ECS
	A.	Electronic Clearing System	B.	Electronic Centered System
	C.	Electronic Cross Systems	D.	Electronic Conversion Systems
	Answer :- A
122	________ 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 :- B
123	____ is the result of combining technology and traditional bank services through websites that customers use to access their bank accounts
	A.	Home Banking	B.	Mobile Banking
	C.	Internet Banking	D.	Television Banking
	Answer :- C
124	Nationalisation of 14 major commercial in the year of
	A.	1949	B.	1935
	C.	1956	D.	1969
	Answer :- D
125	If the endorser signs his name only, the endorsement is said to be
	A.	Blank Endorsement	B.	Conditional Endorsement
	C.	Restricted Endorsement	D.	Full Endorsement
	Answer :- D
126	A negotiable instrument drawn or make in India is called_______ instrument
	A.	Inland	B.	Foreign
	C.	Time	D.	Clean
	Answer :- A
127	Drawing of two parallel transverse lines on the face of the cheque is called
	A.	Special crossing	B.	General Crossing
	C.	Upper Crossing	D.	Lower Crossing
	Answer :- B
128	Addition of the name of a banker across the face of a cheque is called as
	A.	General crossing	B.	Special crossing
	C.	Upper Crossing	D.	Lower Crossing
	Answer :- B
129	The safest form of crossing is
	A.	General crossing	B.	Special crossing
	C.	Double crossing	D.	Account payee crossing
	Answer :- D
130	A Cheque which is not crossed is called
	A.	Uncrossed cheque	B.	Open cheque
	C.	Order cheque	D.	Bearer cheque
	Answer :- D
131	In which year, Electronic Fund Transfer (EFT) was launched in India?
	A.	1994	B.	1995
	C.	1999	D.	2000
	Answer :- B
132	Telephone Banking has found a high level of acceptability especially among ----------- level of people
	A.	Professional	B.	Salaried
	C.	Retired	D.	Business
	Answer :- A
133	. The ATM pin is ---------- digit code number used for authenticiating and authroizing the use of the ATM facility by a customer
	A.	Four	B.	Five
	C.	Three	D.	Six
	Answer :- A
134	What is the major function performed by the ATM's worldwide
	A.	Passboook update facility	B.	Cash withdrawal
	C.	Mini-statement facility	D.	Funds transfer facility
	Answer :- B
135	A convenient way of making a purchase or paying for a service without holding cash is called as
	A.	Electronic Payment System	B.	Electronic Clearing Service
	C.	National Electronic Fund Transfer	D.	Electronic Fund Transfer
	Answer :- A
136	Electronic cash is also called as
	A.	Hot money	B.	Digital money
	C.	Instant money	D.	Easy money
	Answer :- B
137	______is popularly known as Plastic cards or Plastic money
	A.	Smart cards	B.	Electronic cards
	C.	Credit cards	D.	Debit cards
	Answer :- C
138	Credit cards first emerged in 1920s
	A.	India	B.	China
	C.	USA	D.	UK
	Answer :- C
139	Which is the first bank to introduce Credit card in India?
	A.	Bank of India	B.	Global Trust Bank
	C.	IndusInd Bank	D.	Central Bank of India
	Answer :- D
140	Which is the first bank to launch Debit card in India?
	A.	Standard Chartered Bank	B.	Citi Bank
	C.	ABN Amro Bank	D.	American Express Bank
	Answer :- B
141	Which of the following is not the form of E-banking?
	A.	Internet Banking	B.	Direct Deposit in Bank
	C.	Electronic cheque conversion	D.	Mobile banking
	Answer :- B
142	Fixed deposits and recurring deposits are?
	A.	Repayable after an agreed period	B.	Not repayable
	C.	Repayable on demand	D.	Repayable on demand or after an agreed period as per bank's choice
	Answer :- A
143	Accounts are allowed to be operated by cheques in respect of?
	A.	Both savings bank accounts and fixed deposit accounts	B.	Both Savings bank accounts and current accounts
	C.	Both savings bank accounts and loan accounts	D.	Other savings bank accounts and cash accounts only
	Answer :- B
144	In both cases of RTGS and NEFT, the service charges are decided by
	A.	Customer	B.	IMF
	C.	Banker	D.	Transferee
	Answer :- C
145	When the banking operations are carried out through electronic means, it take the form of
	A.	E-banking	B.	M-banking
	C.	T-Banking	D.	None of the above
	Answer :- A
146	A card is used to obtain cash, goods or services automatically debiting the payments to the card holders bank account instantly upto the credit balance which exists in the customers bank account
	A.	Credit	B.	Gold
	C.	Debit	D.	Business
	Answer :- c
147	Validity period of  " demand draft" is
	A.	6 month	B.	3 month
	C.	12 month	D.	9 month
	Answer :- B
148	In the field of banking, which of the following, transactions done through a mobile device will be termed as mobile banking ?
	A.	Loan application	B.	Cheque book request
	C.	Balance inquiry	D.	All of the above
	Answer :- D
149	Which of the following is a secondary function of commerical banks ?
	A.	Taking deposits	B.	Giving Loan
	C.	Buying/selling securities	D.	None of these
	Answer :- C
150	A person reaches the Bank with a Demand Draft payable to his account. At this situation, the Bank works as which of the following?
	A.	Creditor	B.	Debtor
	C.	Beneficiary	D.	Trustee
	Answer :- D
151	Which of the following is used for International Monetary Transfer?
	A.	RTGS	B.	NEFT
	C.	SWIFT	D.	None of these
	Answer :- C

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