Banking Law - Questions and Answers for Competitive Exams | GkSeries

49. Credit cards first emerged in 1920s

1. [A] India
2. [B] China
3. [C] USA
4. [D] UK

Answer: Option [C]

50. Which of the first subsidiary bank of State Bank of India to do whole computerization of all its branches?

1. [A] State Bank of Patiala
2. [B] State Bank of Hyderabad
3. [C] State Bank of Saurashtra
4. [D] State Bank of Travancore

Answer: Option [A]

51. Which is the first bank to introduce Credit card in India?

1. [A] Bank of India
2. [B] Global Trust Bank
3. [C] IndusInd Bank
4. [D] Central Bank of India

Answer: Option [D]

52. Which is the first change in banking sector of India after independence?

1. [A] Nationalization of Banks
2. [B] Social control on Banks
3. [C] Establishment of SBI
4. [D] Establishment of RBI

Answer: Option [B]

53. The following one is absolutely essential for a special crossing

1. [A] Two parallel transverse lines
2. [B] Words "And company?
3. [C] Words "Not negotiable"
4. [D] Name of a banker

Answer: Option [D]

54. Which of the following is not the form of E-banking?

1. [A] Internet Banking
2. [B] Direct Deposit in Bank
3. [C] Electronic cheque conversion
4. [D] Mobile banking

Answer: Option [B]

55. Interest payable on savings bank accounts is?

1. [A] Regulated by State Government
2. [B] De-regulated by RBI
3. [C] Regulated by RBI
4. [D] Regulated by Finance Minister

Answer: Option [B]

56. Which of the following is correct statement?

1. [A] No interest is paid on current deposit accounts
2. [B] Interest is paid on current accounts at the same rate as term deposit accounts
3. [C] The rate of interest on current accounts and savings accounts are the same
4. [D] No interest is paid on any deposit by the bank

Answer: Option [A]

57. The chief activities of bank do not include

1. [A] Providing loans
2. [B] Accepting deposits
3. [C] Providing lockers
4. [D] Selling real estate properties

Answer: Option [D]

58. Electronic cash is also called as

1. [A] Hot money
2. [B] Digital money
3. [C] Instant money
4. [D] Easy money

Answer: Option [B]

59. Use of personal computers at home for conducting their banking operation with their banks is called

1. [A] Mobile Banking
2. [B] Anywhere Banking
3. [C] Internet Banking
4. [D] Home Banking

Answer: Option [D]

60. Which electronic fund transfer system run on the basis of "Deferred Net Settlement"

1. [A] NEFT
2. [B] RTGS
3. [C] SMS
4. [D] BIFSC

Answer: Option [A]