Banking and Finance MCQ Questions and Answers especially for BCA and Other Departments for Colledge Students, also those who are looking for Banking and Finance regarding Questions Here is the list which will help you to learn.
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Banking and Finance MCQ Questions and Answers
Q1: what will bank customers pay for using safe deposit locker facilities?
Answer: Rent on locker
Q2: Which of the following NBFCs converted itself into a commercial bank
Answer: Kotak Mahindra
Q3: what happens if a crossed cheque is presented for payment?
Answer: It can be paid only through a banker.
Q4: What is call money?
Answer: Money borrowed for more than one day but up to 14 days.
Q5: What is the most powerful tool used by the Reserve Bank of India to control inflation?
Answer: Raise interest rate.
Q6: Which is the instrument used by RBI under general credit control?
Answer: Cash Reserve Ratio (CRR)
Q7: Which one of the following is the ratio of the loan principal to be appraised value?
Answer: Loan-to-loan-value-ratio
Q8: the minimum capital that needs to be compulsorily maintained in all scheduled banks in RBI?
Answer: 5 lakhs
Q9: who decides to maintain the quantity of coins?
Answer: Government of India
Q10: which bank is leader of last resort?
Answer: RBI
Q11: Which service is considered the most valuable extended by banks?
Answer: Cheques and loans to far off places
Q12: According to RBI open market operations are?
Answer: Trading in securities, Auctioning and Transfer of Gold
Q13: First RBI Governor of India?
Answer: Chintaman Dwarkanath Deshmukh (C.D Deshmukh)
Q14: Indigenous banks are controlled by?
Answer: Registered co-operative institutions
Q15: banking ombudsman was established under Banking Regulation Act 1949 in the year?
Answer: 1995
Q16: Which service is considered the most valuable extended by banks?
Answer: Cheques and loans to far off places
Q17: Which is india’s vast private sector bank?
Answer: HDFC
Q18: Where is RBI Head Office?
Answer: Mumbai
Q19: Which bank in 2004 took up banking company trading activity
Answer: IDBI
Q20: The rates fixed by central bank for short term loan against public securities
Answer: Repo Rate
Q21: The main function of banks as per 1949 Banking Regulation Act
Answer: Accepting Cash payments
Q22: Smart cards was introduced as per……………. committee direction
Answer: Saraf Committee
Q23: Which bank introduced prepaid card for the first time?
Answer: ICICI
Q24: As per the direction of RBI savings account receives interest at the time interval of
Answer: 6 MONTHS
Q25: Current account savings are
Answer: Non sensitive rate
Q26: The primary relationship between customer and banker starts when
Answer: when customer opens account
Q27: Which of the below is the most important relationship between banker and customer
Answer: DEBTOR AND CREDITOR
Q28: Taking loans after being the customer to bank
Answer: Debtor
Q29: who directs commercial banks to realise the cheques of distant Bank branches
Answer: RBI
Q30: Garnishee a word is taken from latin word
Answer: Garnire
Q31: which account permits to overdraw of money?
Answer: Current Account
Q32: the apex institution that gives agriculture related Finance
Answer: NABARD
Q33: which of the following is not a part of India money market?
Answer: Indian Gold Council
Q34: When was the state bank of india nationalised?
Answer: 1949
Q35: What happens if a crossed cheque is presented for payment?
Answer: It can be paid only through a banker
Q36: which bank of India is called as bankers Bank?
Answer: RBI
Q37: expand RTGS
Answer: Real-Time Gross Settlement
Q38: Who circulate the money circulation in India
Answer: RBI
Q39: quantitative credit control method is
Answer: Bank Rate
Q40: the first public sector bank that gave public capital is…
Answer: Oriental Bank of Commerce
Q41: under which commission was RBI established?
Answer: the Hilton Young Commission
Q42: EEFC says
Answer: Exchange Earners’ Foreign Currency Account
Q43: which bank receives deposits from public?
Answer: Commercial Bank
Q44: the rate at which RBI exchanges bill at discount are….
Answer: Bank Rate
Q45: Major Assets of commercial banks
Answer: Commercial loans and Deposits
Q46: Ombudsman is the authority appointed by…
Answer: Central Government
Q47: agricultural finance is given as per the direction of….
Answer: NABARD