A collecting banker is given the statutory protection only when he acts as ___.
1.a holder
2. an agent
3.a holder for value.
4.a holder in due course.
Bill of exchange can be drawn payable _______.
1. A. to bearer on demand B. C. D.
2.either on demand or after a fixed time
3.to bearer in presence
4. to bearer not in presence.
Expansion of HDFC ___________.
1.Housing Development Finance Corporation
2.Housing Development Finance Company
3.Housing Development Finance Co-operative
4. Housing Development Finance Community
How many centers have EFT facility available?
1.15 centers
2.14 centers
3.13 centers
4.12 centers
How many scheduled commercial banks have EFT facility available?
1.35
2.45
3.55
4.65
How many scheduled commercial banks have EFT facility available?
1.35
2.45
3.55
4.65
IFCI has its registered office in _______.
1.Bombay
2.Madras
3.Newdelhi
4.Calcutta
In a promissory note the words or order are ______.
1.necessary to insert.
2.not necessary to insert
3.not necessary but it is usual to insert
4.necessary it is usual
In which system computers are based on the centralized processing concept?
1. Multi-user computer networking
2. Stand-alone computer networking
3.. Processing computer system
4. Frame computer system
LIC was set up in _______.
1.1948
2.1951
3.1956
4.1964
Name the person to whom the amount of the cheque is payable?
1.Drawer.
2.Payee
3.Drawee
4.Acceptor
RTGS system works _________ days in a year
1.365.
2.362
3.300
4.305
The best suited deposit for trading community is _____.
1.Savings deposit
2.Current deposit.
3.Fixed deposit
4. RD.
The committee was set up to study bank computerization under ______.
1.Dr. C Rangarajan.
2.Dr. C. Ragavendra
3.Dr. C. Raja Rajan
4.Dr. C. Ramachandran
The law of limitation applies to a saving deposit account from the date of _____.
1. opening it.
2.closing it.
3.demanding it
4. operating it.
Who is primarily liable on a promissory note?
1.Holder.
2.Maker
3.Drawee
4.Endorser
. Small coin depot is the property of _____.
1. A. State bank of India B. C. D
2.Government of India
3. Reserve bank of India
4.. Indian bank.
A Banking company whose license is cancelled may appeal to the ___.
1.High court.
2.Supreme court
3.RBI.
4.Central government
A bill of exchange is drawn for a maximum period of ____.
1. 90 days.
2.120 days.
3.180 days
4. 360 days.
A cheque date before the date of its issue is ___________.
1. ante dated cheque.
2.full worth cheque
3. preemptive cheque.
4.. worth cheque
A cheque dated subsequent to the date of its issue is ___________.
1. post dated cheque
2. blank cheque
3. crossed cheque
4.account payee cheque
A Cheque is always payable on _______.
1.demand.
2.a specified future date
3.the last day of the grace.
4.the will of the paying banker.
A company who accepts demand deposit is called ___________.
1. A. banking company
2.joint stock company
3.manufacturing company
4.IT company
A drawer can also be a _________.
1.Payee.
2.paymaster
3.banker
4.creditor
A pledge can be made in respect of _____.
1. building.
2.shares
3.motor car.
4.book debts
A promissory note _____..
1.can be drawn in sets
2.cannot be drawn in sets
3.indemnity bond is also necessary.
4. indemnity bond is not necessary
According to IBA the maximum period for which fixed deposits can be obtained is ______.
1.no limit
2.5 years
3.7 years
4.10 years
Any EFT limit on the amount of individual transaction?
1.No limit.
2. Rs. 5,00,000
3. Rs. 50,00,000
4.Rs. 25,00,000.
ATMs are primarily used for performing the __________ functions.
1. infrastructure
2.computer-based
3.banking
4.hospitalized
Core banking is a __________ branch computerization model.
1.decentralized
2.centralized
3.unified
4.ATM
Customer interface is maximum at the _______ level.
1.zonal.
2.branch
3.head office
4.state office.
Development banks are institutions which _____.
1. give development loans
2.provide emergency loans of banks
3.are subsidiaries of RBI
4. provide term finance to industries
Discounting of bills of exchange is ____.
1.clean advance
2.secured advance
3.neither clean advance nor secured advance
4.unsecured advance
EFT is introduced by
1. IRDA
2.RBI
3.SEBI
4.NSE
Expansion of ECS_________.
1.Electronic Clearing system
2.Electronic centered system
3.Electronic cross systems
4.Electronic conversion systems.
Expansion of EFT_________.
1.. Electronic Fund Transfer
2.Economic Fund Transfer
3.European Fund Transfer
4.Electric Fund Transfer
Expansion of NEFT_______.
1. National Electronic Fund Transfer.
2.Neutral Electronic Fund Transfer.
3.Nominal Electronic Fund Transfer
4.Natural Electronic Fund Transfer.
Expansion of SWIFT is ______.
1. A. Society for worldwide inter bank financial telecommunication
2.Security for worldwide inter bank financial telecommunication
3.Secured for worldwide inter bank financial telecommunication
4.Safety for worldwide inter bank financial telecommunication.
How many public sector banks have EFT facility available?
1. 27
2.32
3.28
4.30
ICICI was incorporated in ______.
1. A. 1948
2.1956
3.1956
4.1964
IFCI was established in _____.
1.1947.
2.1948
3.1951
4.1956
In the early 1990s, which type of ATMs makes their appearance in India?
1. Multi-user ATM.
2.Network ATM
3.Branch ATM
4.Stand-alone ATMs
KYC means________.KYC means________.
1. know your customer.
2.know your creditor.
3.know your cost
4.know your card.
National industrial development corporation Ltd, was established in _____.
1. 1954
2.1955
3.1956
4.1964
Negotiable gives to the transferee _____.
1.the same title
2.no title
3.no better title
4. better title
Negotiable instruments are defined under ______.
1.Section 52 of the Banking regulation act, 1949
2.Section 25 of the Reserve bank of India act, 1934.
3.Section 13 of the Negotiable instruments act, 1881
4. Section 14 of the companies act, 1956.
One rupee notes bear the signature of ______.
1.president of India
2.prime minister of India
3.governor of Reserve Bank of India
4.secretary, Ministry of finance (Government of India)
RBI grants for agricultural purposes _____.
1.. only short term finance.
2.medium and long term finance
3.short and medium-term finance only
4.short, medium and long term finance
RBI refers to _________.
1. Reserve Bank of India.
2.Revenue Bank of India
3. Rupee Bank of India
4.Regional Bank of India
RTGS means _______.
1. A. Real Time Gross Settlement.
2.Real Turn Gross Settlement.
3. Real Technique Gross Settlement
4.Real Towards Gross Settlement
The apex institution in agricultural finance is______.
1.NABARD
2.EXIM bank
3.RBI
4.IDBI
The first bank in India to be given an ISO certificate _________.
1. Canara bank
2.SBI
3.central bank of India
4.Indian bank
The first Indian bank to open branch outside India ______.
1.Bank of India
2.Allahabad bank
3.south Indian bank
4.Indian bank
The head office of a bank is responsible for_________.
1.only Bank-level planning
2.only Bank-level planning, control functions
3.bank-level planning, control functions and policy decision
4.only services to the branches
The head office of a bank is responsible for_________.
1.only Bank-level planning
2.only Bank-level planning, control functions
3.bank-level planning, control functions and policy decision
4.only services to the branches
The lien is __________.
1. A. method to create charge over customers property
2.not used for respective customers account.
3.not used for loan
4.used for loan
The most liquid asset is ______.
1.. gold.
2.bill of exchange
3. government bonds
4.cash
The objective of computerization in India is to _____.
1.replace men with machines
2. make the work-life more meaningful
3.control the manpower
4.control the economy
The rate at which RBI discounts approved bill of exchange is ___________.
1.. bank rate
2. interest rate
3.exchange rate
4. discount rate
The right of set – off is nothing but a ______.
1. right to sell.
2.right to retain.
3.right to combine
4.right to appropriate
The Word Bank has been derived from a Latin word which means _______.
1.. a bench for the keeping, lending and exchanging etc. of money.
2.an institution for meeting people.
3. place, where persons can relax
4.an institution for coordinating people
Until a bill of exchange is accepted, primary liability there on is that of _____.
1. Payee.
2.Drawee
3.Drawer
4.Acceptor
Which is a private bank?
1. A. SBI.
2.UTI
3. IOB.
4.. Indian bank.
Who controls credit in India?
1.. Government of India.
2.RBI
3.SBI
4.Indian bank
__ headed the committee on Computerization in Indian banks (1988)
1. M. Narasimhan.
2.M.M. Shah.
3. M. Venkat Ram
4.Raj Foster
_______ is a technology that allows you to access your bank account from a mobile device.
1. Home banking
2.Mobile banking
3.. Internet banking
4.Television banking
________ is a dead cheque.
1.Post dated cheque
2.Stale cheque
3.Ante dated cheque
4.Pre dated cheque