🧪 BANK MCQ Quiz Hub

1. What is the full form of LIBOR?
London Inter Bank Offered Rate
Local Indian Bank Offered Rate
London-India Bureau Of Regulations
Liberal International Bank Official Ratio

2. Which one of the following is called the frequent changes made by Banks in their product profile?
Product Control
Product Marketing
Product Enrichment
Product Enhancement

3. Which organization provides guarantee to the exporters?
Exim Bank
Reserve Bank of India
Registrar of companies
Export Credit Guarantee Corporation

4. Under whose chairmanship did RBI constitute a Working Group for making balance of payments manual
Anand Sinha
Deepak Mohanty
Harun Rashid Khan
Kamalesh Chandra Chakrabarty

5. What does RTGS enable?
Immediate transfer of money from customer of one bank to customer of RBI
Immediate transfer of money from customer of one bank to customer of another bank
Immediate transfer of money from customer of one bank to customer of another country
Immediate transfer of money from customer of one bank to customer of another branch within the same bank

6. Which of the following permit cheque operation?
Savings bank accounts and cash accounts
Savings bank accounts and current accounts
Current accounts and fixed deposit accounts
Savings bank accounts and fixed deposit accounts

7. What happens if a crossed cheque is presented for payment?
It cannot be paid at all
It can be paid only through a banker
It can be paid across the counter in another bank
None of the above

8. Under which sector will banking sector fall?
Service sector
Industrial sector
Agricultural sector
None of the above

9. Which is known as the arrangement when more than one banks allow credit facilities to one party in cordination with each other?
Subvention
Moratorium
Consortium
Amortization

10. What is an Indian Depository Receipt?
A deposit account with a Public Sector Bank
A depository account with any of Depositories in India
An instrument in the form of deposit receipt issued by Indian depositories
An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

11. What is Call Money?
Money borrowed for more than one day but up to 3 days
Money borrowed for more than one day but up to 7 days
Money borrowed for more than one day but up to 14 days
Money borrowed or lent for a day or over night

12. What is the most powerful tool used by the Reserve Bank of India to control inflation?
Raise interest rates
Reduce interest rates
Raise current supply
Reduce current supply

13. What does crossing of cheques make them?
Remain the same
Invalid document
Ineligible to get cash across the bank counter
Ineligible to endorse to a person other than the payee

14. What happens when a bank dishonours a cheque?
It is called nullifying of the cheque
It is called settlement of the cheque
It is called withdrawing of the cheque
It is called return of the cheque unpaid

15. What are NEFT and RTGS about?
Various deposit products
Cheque truncation process
Electronic fund transfer from bank to bank
Electronic payment products within a bank

16. With whom does the ownership of Public sector banks rest?
Wholly with Government of India
Jointly with Government of India and State Bank of India
Jointly with Government of India and Reserve Bank of India
Jointly with Government of India and share-holders from the public

17. Which of the following is not the part of organized sector of India Money Market?
Chit Funds
Mutual Funds
Reserve Bank of India
Non-Banking Financial Companies

18. What does RBI regulate through Open Market Operation Transactions?
Inflation
Liquidity in economy
Borrowing powers of the banks
Flow of Foreign Direct Investment

19. What is the full form of EFT?
Efficient Funds Transfer
Effective Funds Transfer
Electronic Funds Transfer
Electronic Foreign Transfer

20. What happens if a cheque is post dated?
Bank on whom it is drawn has to honour the cheque before the date of the cheque
Bank on whom it is drawn will not honour the cheque before the date of the cheque
Bank on whom it is drawn has to refer to RBI to honour the cheque before the date of the cheque
Bank on whom it is drawn has to refer to court to honour the cheque before the date of the cheque

21. Which is the instrument used by RBI under general credit control?
SLR
CRR
Bank Rate
Exchange Control

22. When was the first Land Mortgage Bank established?
1915
1920
1925
1930

23. What is the cost of credit expressed as a percentage on a yearly basis called?
WPI
APY
APR
None of these

24. What is the percentage rate reflecting the total amount of interest paid on a deposit account called?
WPI
APY
APR
None of these

25. In which type of banking, electronic financial transactions are done?
E-Banking
M-Banking
Internet Banking
Universal Banking

26. Which one of the following helps the consumers protect their credit identities and recover from identity theft?
FOIA
FCRA
FACTA
FDCPA

27. Which one of the following gives consumers the right to see their credit records and correct mistakes?
FOIA
FCRA
FACTA
FDCPA

28. Which of the following is the amount of Funds borrowed by the government to meet the expenditures?
Fiscal policy
Fiscal Deficit
Public finance
Current account

29. Which one of the following is a set of United State statutes added as Title VIII of the Consumer Credit Protection Act?
FOIA
FCRA
FACTA
FDCPA

30. Which one of the following is open for public inspection and copying?
FOIA
FCRA
FACTA
FDCPA

31. Which one of the following belongs to the time when a company makes the first offering of the shares to the public?
IPO
CSO
WTO
REPO

32. Which one of the following is the ratio of the loan principal to the appraised value?
Mortgage Loan
Loan-to-Value Ratio
Statutory Liquidity Ratio
Combined Loan To Value: (CLTV) ratio

33. Which one of the following pools money from various investors in order to purchase securities?
Money fund
Mutual fund
Pension fund
Fund derivative

34. Which one of the following is the Federal regulatory agency that charters and supervises Federal credit unions?
ARC
CAG
NCUA
AIRCSC

35. Which one of the following is used when describing the monthly charges on a mortgage?
FII
BIS
CPI
PITI

36. Which one of the following allow bank customers to effect transfers of funds from their deposit accounts and other financial transactions at retail establishments?
IBS
CBS
DBS
POS

37. Which is the policy that offers multiple coverage combinations for both buildings and contents?
WPI
PRP
REPO
UNDP

38. Which one of the following requires lenders to provide "good faith" estimates of settlement costs?
FOIA
TILA
NCUA
RESPA

39. Which one of the following is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds?
Bank Rate
Repo Rate
Annual Percentage Rate
Benchmark Prime Lending Rate

40. Which one of the following requires lenders to provide standardized information?
TILA
UCC
NCUA
RESPA

41. When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as _____________________.
Virtual Banking
Internet banking
Universal banking
Wholesale banking

42. Which one of the following is controlled by the world wide web?
Virtual Banking
Universal banking
Wholesale Banking
None of these

43. Which one of the following focuses on the financial needs of the institutional clients and the industry?
Virtual Banking
Internet banking
Universal banking
Wholesale banking

44. Which is the first bank established in India?
Bank of Calcutta
Bank of Hindustan
State Bank of India
General Bank of India