MCQ Questions and Answers on Banking System and Capital Market

Questions

11 Banking functions centrally controlled by the :

A Central Bank

B RBI

C SBI

D Both [B] and [C]

View Answer Comment

Answer: Option [B]

12 The ratio between cash in hand and total assets maintained by the banks is called :

A SBR (Statutory Bank Ratio)

B SLR (Statutory Liquid Ratio)

C CBR (Central Bank Reserve)

D CLR (Central Liquid Reserve)

View Answer Comment

Answer: Option [B]

13 What is ‘Repo rate’?

A is the rate at which the RBI lends to State Government

B is the rate at which the International aid agencies lend to RBI

C is the rate at which the RBI lends to banks

D is the rate at which the banks lends to RBI

View Answer Comment

Answer: Option [C]

14 What is the apex organisation of Industrial Finance in India ?

A Industrial Finance Corporation

B Industrial Credit and Investment corporation of India

C Industrial Development Bank of India

D None of these

View Answer Comment

Answer: Option [C]

15 Which scheme is eligible for refinance from NABARD (National Bank for Agricultural and Rural Development) ?

A Small Road and Water Transport Operators (SRWTO)

B Self Employment Scheme for Exservicemen (SEMFEX)

C Soft Loan Assistance for Margin Money (SLAMM)

D All of these

View Answer Comment

Answer: Option [D]

16 Which of the following is called a ‘banker’s cheque’ ?

A Demand draft

B Debit card

C Pay order

D Banker's draft

View Answer Comment

Answer: Option [D]

17 The place where bankers meet and settle their mutual claims and accounts is known as :

A Treasury

B Clearing House

C Collecting Centre

D Dumping Ground

View Answer Comment

Answer: Option [B]

18 What is the ideal of designing Regional rural Banks ?

A Work on basics of commercial banks

B Help the targetted groups

C Keep lending rates lower than cooperative institutions

D Work on innovative and adaptive ideals

View Answer Comment

Answer: Option [B]

19 Identify the punishable offence by a Bank Account holder ?

A If a cheque is not crossed

B If a post dated cheque is issued

C If a cheque drawn by him is dishonoured for insufficiency of funds in his account

D Issuing a cheque without signature

View Answer Comment

Answer: Option [C]

20 What is a Cross cheque ?

A which can be encashed only by the drawee

B which can be encashed only through a bank

C which can be encashed only at the State Bank of India

D which can be encashed only after it has been transferred to another person

View Answer Comment

Answer: Option [B]

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