MCQS on Banking and Insurance (Part-5 81 to 100)

 81) Acts done honestly is called the acts done 

a) Without negligence 

b) Rashly 

c) Mollified 

d) In good faith 

82) Mere signature of the payee on the reverse of the instrument is called ___________endorsement 

a) Full 

b) Blank 

c) Conditional 

d) Restrictive 

83) “ Sans resource” means________________ 

a) I am not afraid 

b) Do not touch me 

c) Ask the drawer 

d) Without liability to me 

84) Garnishee order is issued by__________ 

a) Police officer 

b) Revenue Authority 

c) Enforcement Authority 

d) Court of law 

85) Mandate is----------------- 

a) Stamped agreement 

b) Order of the court of law 

c) Memorandum of understanding 

d) Stamped documents 

86) Reserve bank was constituted under 

 a) BR act 

b) RBI act 

c) Companies act 

d) Income Tax act 

87) Banking companies are licensed by _______________ 

a) Reserve bank 

b) Registrar of Companies 

c) Company Law board 

d) None of these 

88) E banking customers need not visit the bank , to meet cash requirement of self through 

a) Electronic funds transfer 

b) Tele Banking 

c) On- line banking 

d) ATM 

89) Tele-Banking services function is available with bank computers , based on 

a) Virtual banking 

b) Voice processing 

c) Brick and Mortar processing 

d) None of these 

90) Benefits of e-banking to consumer 

a) Anywhere banking 

b) Anytime banking 

 c) Reduction in cost 

d) All of the above 

91) Banking regulation act was passed in ………………….. 

a) 1959 

b) 1969 

c) 1949 

d) 1939 

92) Which of the following limits the power of credit creation by commercial banks 

a) Fiscal policy 

b) Monetary policy 

c) Business pessimism 

d) None of these 

93) The institution that provides long term loan to industries 

a) Industrial bank 

b) Commercial Bank 

c) Exchange bank 

d) Central bank 

94) The banks which are owned and controlled by government 

a) Government banks 

b) Public sector banks 

c) New generation banks 

d) None of these 

95) How many banks were nationalized in 1969 

a) 12 

b) 14 

c) 15 

d) 13 

96) HDFC bank is an example of ……………………………………… 

a) Private sector Indian bank 

b) Private sector foreign bank 

c) Public sector bank 

d) Nationalized bank 

97) ……………………………… is the central bank of India 

a) RBI 

b) Imperial bank 

c) SBI 

d) None of these 

98) Accepting deposits and lending money is the ………………………………………….function of commercial banks 

a) Primary 

b) Secondary 

c) General utility 

d) Agency functions 

99) CRR stands for ………………………………………………. 

a) Current Reserve Ration 

b) Cash Reserve Ration 

c) Cumulative Reserve Ration 

d) None of these 

100) EMI stands for ……………………………………………… 

a) Equated Monthly Installment 

b) Earning Monthly Interest 

c) Equally Money Investment 

d) None of these