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Multiple Choice Questions, , Which bank is known as banker's bank?, a. RBI b. SBI c. PNB d.NABARD, A banking system where business is carried on by a bank through a network, of branches spread throughout the country is known as ........., a. Unit banking b. Branch banking c .chain banking d. group banking, ee refers to a system of banking in which two or more independent, banks are brought under the control of a holding company, a. Group banking b. chain banking c. deposit banking d. investment, banking, smeuwcesiie Banking is a system where banks combine both the deposit, banking and invest banking functions, a. Chain banking b . deposit banking c. investment banking d. mixed, banking, India‘s first women * s bank The Bharatiya Mahila Bank was inaugurated, in which city ?, a. Mumabi_ b. Delhi c. Kolkata d. Chennai, Current deposit is also known as .........., a. Savings deposit b. demand deposit c. time deposit., d. recurring deposit, , 7. which deposits are repayable after the expiry of the fixed period ?, , 8., , a. demand deposit b. time deposit c . savings deposit d. recurring deposit, se Seaman tema is a credit facility granted by commercial banks to current, account holders, a. Cash credit b. overdraft c. discounting of bills of exchange d. demand, , loans, 9. The process of ..........++ begins with banks lending money out of, primary deposit., a. credit creation b, cash credit c. debit creation d. over draft, 10.CRR refer s to .........s000, , a. C ash Reserve Ratio b. Credit Reserve Ratio c. Common Reserve, Ratio d. None of these

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11. NBFTs refers to =, a. Non Banking Financial Industries _b .Non Banking Financial, , Institution —¢ .Net Banking Financial Industries d. Net Banking Financial, , Institutions, , 12.DIGC refers to .....000 000 /, , , , a Deposit Industrial Guarantee Corporation, b. Development Insurance Guarantee Corporation, c, Development Industrial Guarantee Corporation, d. Deposit Insurance Guarantee Corporation, 13. SLR refers t0 ......-...+00, A Statutory Liquidity Ratio, B. Stability Liquidity Ratio, C. Safety Liquidity Ratio, d.None of these, 14. EFT © stands for........, a Electronic Fund Transmission, b. Electronic Fund Transfer, ¢ Electronic Feature Transfer, d. None of these, 15. Which hank was introduced first ATM machine in India?, a, RBTb. HSRC C. PNB D. ICICT hank, 16. CDM refers to oo..., a. Cash Deposit Machine, b, Credit Development Method, c¢, Cash Development Method, d. Cash Development Machine, 17. BCS refers to ......-..0200, a. Easy Cash Service, b, Electronic Clearing Service, c. Electronic cash service, d. Fasy Clearing Service, , 18. NEFT refers t....0...0000, a. National Kconomic Fund Transfer, , b. National Economic Fund ‘Transfer, c. National Flectronic Fee Transfer, d. none of these, 19. IFSC stands for ..... aie, , a. Indian Financial System Code, b Intemational Financial System Code, c Indian Fund Service Code, d .None of these, , 20. RTGS stands for .. i, a, Real Time Gross Settlement, b. Real Term Gross Settlement, c. Real Time Goal Settlement, d Real Term Goal Settlement

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oP ah Oe, , 31. If a cheque presented for payment after three months from the date, of the cheque is known as ............, a, self cheque b. mutilated cheque c. local cheque d .stale cheque, 32.If a cheque is torn into two or more pieces and presented for payment it, , TiiCalled asccxencwxs nes, A .mutilated cheque b.stale cheque c-.local cheque d. selfcheque, 33. cancellation of cheque is known as ..........+++++, , a. crossing b. opening of crossing c .double crossing, d .general crossing, PA MCR, POTEET 10 sw ssisaniisnnnnninnsay, A .Magnetic Ink Character Recognition, b. Magnetic Information Character Recognition, c. Magnetic Ink Code Recognition, d .Magnetic Icon Character recognition, 35.The person who seeks protection against a risk and to whom the, insurance policy is issued is known as ............., A.insurer b. customer c. insured d. creditor, 36 .Uberrimae fidei means that ..................., , A principle of utmost good faith, b .principle of insurable interest, c. principle of indemnity, d . principle of subrogation, 37. Which principle means that make good or compensate the loss?, a, principle of contribution, b .principle of subrogation, c. principle of indemnity, d principle of insurable interest, , 38.IRDA stands for ........, a. Insurance Regulatory and Development Authority, b Industrial Development and development Authority, c. Insurance Restructuring and Development Authority, d Insurance Refinancing and Development Authority, 39. IRDA Act was passed in the year, a.1948 b.2000 c.1999 4.1956, 40. Hull insurance related in the case of .........., a, building b. life ¢ .machine d. ship

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41. In the case of life insurance HLV refers to............., a. Home Legal Value b. Human Life Value c. Human Legal Value, , d House Length Value, WR ivcsssssers of a life policy means transferring the rights of the insured in respect of, the policy to another one, , A .Nomination b. Consideration ¢ .Assignment d. Agreement, 43. Both assignment and nomination are possible in the case of ............, insurance policies, , A.life b .fire c. marine d .vehicle, , DI eae is the price paid by the insured for the risk undertaken by the, insurer, , a, Wages b. premium c. salary d. compensation, AD ssn oneentenascs schemes are intended to insure a group of individual together, , a. Insurance b .wages c. salary d. group insurance, , 46. Group insurance provides insurance cover to a number of persons under a, single policy called, , A ..master policy b. single policy c. group policy d. marine policy, 47. In the case of group insurance the amount of premium is depends upon, , a. Types of insurance b. amount of premium c. Terms of insurance d ., period of insurance, AB... eee means voluntary termination of the contract of life insurance by the, policy holder, , a. Key man insurance policy b. surrender of policy c .master policy d ., , group insurance policy, , 49. Marine Insurance Act comes into existence On ............00.085, , a.1963 b. 1988 c. 1948 d.1976, 50. In the case of marine insurance Hull means that............, , A sinking of ship b. loss of cargo c .body of the ship d None of these