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B.COM –CBCS EXAMINATION 2018, BANKING AND INSURANCE, Multiple Choice Questions, 1. Which bank is known as banker’s bank?, a. RBI, b. SBI c. PNB d .NABARD, 2. 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, 3. ………… 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, 4. …………. 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, 5. India‘s first women ‘ s bank The Bharatiya Mahila Bank was inaugurated, in which city ?, a. Mumabi b. Delhi c. Kolkata d. Chennai, 6. 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 ?, a. demand deposit b. time deposit c . savings deposit d. recurring deposit, 8. …………… 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 ………….., a. C ash Reserve Ratio b. Credit Reserve Ratio c. Common Reserve, Ratio d. None of these

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11. NBFI s refers to ………., a. Non Banking Financial Industries b .Non Banking Financial, Institution c .Net Banking Financial Industries d. Net Banking Financial, Institutions, 12.DIGC refers to ………….., a .Deposit Industrial Guarantee Corporation, b . Development Insurance Guarantee Corporation, c. Development Industrial Guarantee Corporation, d. Deposit Insurance Guarantee Corporation, 13. SLR refers to ………….., 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, c .Electronic Feature Transfer, d. None of these, 15. Which bank was introduced first ATM machine in India?, a. RBI b. HSBC C. PNB D. ICICI bank, 16. CDM refers to …………., a. Cash Deposit Machine, b. Credit Development Method, c. Cash Development Method, d. Cash Development Machine, 17. ECS refers to ……………, a. Easy Cash Service, b. Electronic Clearing Service, c. Electronic cash service, d. Easy Clearing Service, 18. NEFT refers to…………..., a. National Economic Fund Transfer

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b. National Economic Fund Transfer, c. National Electronic Fee Transfer, d. none of these, 19. IFSC stands for ………….., a. Indian Financial System Code, b .International Financial System Code, c .Indian Fund Service Code, d .None of these, 20. RTGS stands for ……………, a. Real Time Gross Settlement, b. Real Term Gross Settlement, c. Real Time Goal Settlement, d .Real Term Goal Settlement, 21.SWIFT stands for …………….., a .Society for Worldwide Internet Financial Telecommunications, b. Solution for Worldwide Interbank Financial, Telecommunications, C.Society for Worldwide Internet Financial Telecommunications, d.Solution for Worldwide Interbank Financial Telecommunications, 22.CBS stands for …….., a. Code Banking Solutions, b. Core Banking Solutions, c. common Banking Solutions, d. Credit Banking Solutions, 23.CTS refers to ……….., a. Cheque Truncation System, b .Cheque Transaction System, c .Cheque Truncation Solution, d.Cheque Transaction Solution, 24.Credit Information Bureau India Limited is India’s first credit rating, agency which was incorporated in the year……, a. 1988 b.2000 c.2005 d 1995, 25.KYC refers to…………., a. Know Your Customer, b. Know Your Credit

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c. Know Your City, d .Know Your Company, 26.Delivery of financial services at affordable costs to the disadvantaged, Low income segments of the society known as……….., a. Credit creation b. financial exclusion c. Financial Inclusion, D .consumer credit, 27. RBI ACT was comes in to existence……, a.1934 b. 1935 c.1948 d.1945, 28. Banking Regulation Act was comes into existence………, a.1949 b. 1934 c. 1956 d .1949, 29. A cheque bears a date earlier than the date on which it is presented to, the bank it is called ………………, a. post-dated cheque b.ante- dated cheque c. outstation cheque, d.local cheque, 30. A cheque bears a date which is yet to come it is called as …………, a.post dated cheque b. ante –dated cheque c .crossed cheque d, .self cheque, 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, Is called ……………, 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, 34.MICR refers to……………….., 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 ……………….

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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 d.1956, 40. Hull insurance related in the case of ………., a. building b. life c .machine d. ship, 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, 42………. of a life policy means transferring the rights of the insured in respect of, the policy to another one, A .Nomination b. Consideration c .Assignment d. Agreement, 43. Both assignment and nomination are possible in the case of …………, insurance policies, A .life b .fire c. marine d .vehicle, 44…………….. is the price paid by the insured for the risk undertaken by the, insurer, a. Wages b. premium c. salary d. compensation, 45……………….. schemes are intended to insure a group of individual together, a. Insurance b .wages c. salary d. group insurance

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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, 48…………. 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 ………………, 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, 51…………….. denotes the act of throwing overboard a part of the ship’s cargo in, order to reduce the weight of the vessel, A .Barratry b. Jettison c. assignment d. seizure, 52. Insurance Act was comes into existence on ……., a.1956 b. 1948 c.1938 d 1988, 53. Reinstatement policy is related in the case of which policy, A .Life insurance policy b. Marine insurance policy c. Fire insurance policy, d .Group insurance policy, 54.A reinstatement policy is intended to cover damages or losses in respect of, ……………….., a. Fixed Assets b. Vehicle c .Ship d. Life, 55.Payment of compensation in the case of reinstatement policy is in the form, of………, a. Cash b. Replacement c. Cash or In kind d .In Kind, 56.Which policy is taken to cover loss on those goods which are lying in different, places and the stock value will be continuously fluctuating ?, A .comprehensive policy b. Floating policy c .Declaration policy d. average, policy, 57. In the case of motor insurance policy Form A is commonly known as ………

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a. Act policy, b .package policy c. Act and Package policy d. liability, policy, 58.In the case of motor insurance policy Form B is commonly known as……….., a. Liability policy b. Act policy c. Package policy d . Act and Package, policy, 59.When a particular property is insured with two insurers it is called ………….., a. property insurance b . double insurance c. single insurance d. particular, insurance, 60. Personal accident insurance is highly attractive for ……………………., a. Individuals b. Partners c. Industrialists and businessmen d .senior, citizens, 61. Which insurance covers the financial loss arising out of poor health condition, or due to permanent disability, a. accident insurance b. health insurance c. life insurance d .burglary, insurance, 62…………. means selling of insurance policies and products through banking, firms, a. Assurance b. bancassurance c. insurance d. policy, 63.Life Insurance Corporation of India was formed in the year ……., a.1948 b.1964 c.1956 d. 1988, 64. The General Insurance Corporation of India was formed in the year ……., a.1973 b. 1948 c. 1956 d.1984, 65.General Insurance Corporation of India Act was formed in ---a. 1973 b.1963 c. 1972 d.1962, 66. Which risk may result in loss or gain ?, a. particular risk b. pure risk c. speculative risk d. fundamental risk, 67. ………. Risk are arises due to changes in the economic policies of the, government., A .speculative risk b. particular risk c. dynamic risk d .financial risk, 68. Risk which arises if there is no change in the economic policies of the, government is, a. dynamic risk b static risk c. particular risk d. financial risk, 69.In which types of risk origin and consequences of risk affect a large number of, people

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a. particular risk b. static risk c. fundamental risk d .particular risk, 70. Where a monetary loss is likely occur such risks are described as …………, a. monetary risk b. financial risk c. particular risk d. fundamental risk, 71. Principle of insurable interest means ………….., a. Utmost good faith b .subrogation c .monetary interest, d .indemnity, 72.The principle of subrogation is an extension of which principle ?, a. principle of indemnity b. principle of utmost good faith, c .principle of insurable interest d .principle of insurance, 73.When a deposit of money is received by the banker , the banker becomes the, …………?, A .creditor b. debtor c. receiver d. customer, 74.When a deposit of money is received by the banker , the customer becomes the, …………..?, A .debtor b. creditor c. customer d. lender, 75.The primary relationship between banker and customer is ……………., a. Giver and receiver b. debtor and creditor c .insurer d .insured, 76. A ……….. is a person to whom the management of a particular property is, entrusted for the exclusive benefit of a third party, a .customer b .beneficiary c . trustee d. agent, 77. Bankers Book Evidence Act was comes into existence ---a. 1881 b. 1891 c. 1890 d.1892, 78 . ………… is the right of a creditor to retain possession of the property, belonging to the debtor until certain demands of the person in possession are, satisfied., a. Lien b. Returning c Surrender d. None of these, 79. FDR stands for ………….., A .Fixed Delivery Receipt b .Fixed Deposit Receipt c .Final Deposit Receipt, D .Final Delivery Receipt, 80. In which year Negotiable Instrument Act was passed ………?, a.1981 b.1956 c.1881 d.1984, 81. …………… is a person who draws or makes a cheque

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A . Drawee b. Drawer c. Payer d. payee, 82. In the case of a cheque the drawee will always be a specified ………… with, whom the drawer keeps an account., a. person b . partner c .customer d. banker, 83………… is a person to whom the amount of a cheque is payable, A .Drawer b . Drawee c.Payee d. Customer, 84.Which one of them are correct in the case of parties involved in a cheque ?, a. Debtor and Creditor, b. Banker and customer, c. Drawer , Drawee and Payee, d. Drawer and Payee, 85.When a cheque is specially crossed to more than one banker it is called, ……….., a. General Crossing b . Special Crossing c. Not negotiable crossing d., Double Crossing, 86………….. means signing a person’s name on the back of the negotiable, instrument., a. Crossing b. endorsement c. special crossing d. general crossing, 87. Endorsement facilitates that…………….., a. selling b. transferability c .buying d .None of these, 88. The person who endorses the instrument is called …………., a. drawer b. drawee c. endorser d.endorsee, 89.The person to whom the endorsement is made is called ……………, a. endorser b .endorsee c. drawer d. drawee, 90.Sometimes further endorsement can be made on a separate slip of paper, attached to the instrument such a paper called ………, a. document b. stamp c .allonge d. notice, 91.When an endorser merely signs his name on the back of the instrument without, specifying the name of the person to whom the instrument is endorsed is called, …………?, a. blank endorsement b. full endorsement c. conditional endorsement, d. facultative endorsement, 92.When an endorser not only signs his name on the back of the instrument but, also specifies the name of the person to whom the instrument is endorsed is called, ……….?

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a. blank endorsement b. conditional endorsement c . full endorsement, d. partial endorsement, 93. ……………….. is an endorsement in which some of the rights of the endorser, are waived., a. restrictive endorsement b. special endorsement c. facultative endorsement, d. qualified endorsement, 94…………………. Is an endorsement which limits the liability of the endorser., a. Sans recourse endorsement b. san frais endorsement c. partial, endorsement d. per pro endorsement, 95. In san frais endorsement the word san frais means that……………., a. without name b. without expense c without money d. without consent, 96…………… endorsement is an endorsement made by an authorized person on, behalf of another, A .partial endorsement b. restrictive endorsement c. per pro endorsement, d .sans recourse endorsement, 97………….. is a copy of customer’s account in the bank’s ledger., A .cash book b pass book c. cheque book d. pay in slip, 98. PMJDY stands for ………, a. Pradhan Mantri Jan-Dhan Yojana, b .Prime Minister Jan Dhan Yojana, c.Pradhan Mantri Jeevan Dhan Yojana, d. None of these, 99. In which types of banking system several banks joins hands with each other for, meeting the credit requirements of the large borrower ?, a. group banking b. consortium banking c.net banking d. none of these, 100.Th e practice of conducting banking transactions from home rather than at, bank branches by means of electronic telecommunication known as-----a .branch banking b. group banking c. chain banking d. home banking, 101.Risk is the chance of ------a. Peril b. accident c. loss d. event ., 102.Peril may lead to ----a. Risk b. Losses c. accident d. None of these., 103.Risk is ----Loss, a. similar b. not c. same as. d. None of these., 104. Particular Risk can also be known as ------

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a. Personal b. Fundamental c. Pure d. None of these., 105.If losses occur out of individual events ,such risks are ---a. Particular b. Fundamental c. Pure d. speculative, 106. A------ risk may result in loss or gain ., a. Particular b. Fundamental c. Pure d. speculative., 107. ------ are those occurring due to economic policies of the government., a. Particular b. Fundamental c. Dynamic d. speculative., 108. ---- risks are those occurring even if there is no change in economic policies, of the government., a. Static b. Fundamental c. Dynamic d. speculative, 109.When financial loss is likely to occur such risk is known as ----a. Static b. Financial c. Dynamic d. speculative, 110.------- guarantee insurance guarantees the employer for any damages or losses, resulting from dishonesty of employee., a.Fidelity guarantee insurance b.cash in transit insurance c. social insurance, d.Un employment insurance., 111.---------------- insurance is given financial help to unemployed persons who, lost employment due to some un controllable reasons., a.Fidelity guarantee insurance b.cash in transit insurance c. social insurance, d.Un employment insurance., 112. ------insurance compensates the insured against loss of money while it is, being carried from office to bank or bank to office or branch., a. Fidelity guarantee insurance b. cash in transit insurance c. social insurance, d. Un employment insurance., 113.---------is popular among industrial workers., a. Fidelity guarantee insurance b. cash in transit insurance c. social insurance, d. Un employment insurance., 114.-----means insurance of all the members of a group as a social security, measure., a. Fidelity guarantee insurance b. cash in transit insurance c. social insurance, d. Un employment insurance., 115.--- is a method of transferring a portion of risk to another insurer., a. Re- insurance b. under insurance c. Double insurance d. None of these., 116.------- is essential for the contracting parties to disclose all material facts, relating to the contract.

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a. utmost goodfaith b. Insurable interest c. certainty of the event d.none of, these., 117.------ is the interest in the subject matter of the insurance which is insured., a. utmost good faith b. Insurable interest c. certainty of the event d. none of, these., 118.Insurance is a contract of ----a. Indemnity b. surety c. guarantee d. None of these, 119. Principle of ------ refers to the sharing of loss among co-insurers., a.Indemnity b. Guarantee c. Contribution d. None of these, 120.According to the Principle of ------ ,the insurer is liable only for those losses, which are most closely caused by the peril insured against., a. Contribution b. Guarantee c. Causa proxima d. Indemnity, 121.Stepping into the shoes of the other is applicable to the principle of ----a. Causa proxima b. Guarantee c.Subrogation d. Contribution, 122.------- is used in those contracts which guarantee the payment of certain sum of, money on the happening of a specified event., a.Assurance b. Insurance c. Indemnity d.none of these, 123.----- ensures payment of the sum assured to the policy holder or to his, nominee either at the end of the period or on death of the assured., a. Endowment Assurance b.Whole life plans c.joint life policy d.none of, these, 124.-------is intended to spouses., a. Whole lifepolicy b.joint life policy c.Endowment Assurance d.None of, these, 125.Group insurance intended to insure a group of people under a single policy, called---a. Endowment Assurance b.Whole life policy c.joint life policy d.Master, policy, 126.The proposal for group insurance is called----a.Leader proposal b.Master proposal c.Main proposal d.None of these, 127.GGS means---a.Gratuity Group Scheme b.Group Gratuity Scheme c.All d.None of these, 128.GSSmeans ---a. Group Superannuation Scheme b. Group Service Scheme c.Gratuity, Service Scheme d.None of these

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129.ACR means -----a.Accountant’s confidential Report b. Agent’s Confidential Report, c.Assessment of Confidential report d. None of these, 130.MHR means------a. Mannual Hazard Report b. Moral Hazard Report c. Medical Hazard, Report d.None of these, 131.Volentary termination of contract of life insurance is called ----a. Returning of policy b.Surrender of policy c. Withdrawal of policy d.None, of these, 132.The total amount remitted in the form of premium will be the ------of such, policies, a. surrender value b. paid up value c.surrender cost d.None of these, 133.-----------applies mathematical and statistical methods to assess the risk in the, insurance business, a.Mathematical science b.Behaviourial science c.Actuarial science.None of, these, 134.FPR refers to ---a. First Premium Report b. First Premium Receipt c. First Proposal Report, d.None of these, 135.RPR refers to ----a. Renewal Premium Report b. Renewal payment Report c. Renewal, Premium Receipt d. none of these., 136.Life insurance is a --------contract., a. long-term b. short-term c. medium –term d. None of these, 137.In life insurance the amount of premium depends upon ----a. period of the policy b. Type of policy c. age of the insured d. Repaying, capacity of the insured., 138.----- is a plan that is tailor made for families., a. Floater Health Insurance Policy b.Group health insurance c. Unit-linked, health insurance d.None of these., 139.Low cost policy for employees is provided by ----a.Life insurance b. Health insurance c. Group insurance .d.None of these, 140. In marine insurance policies open policy is also known as -----a. valued policy b. time policy c. unvalued policy d. voyage policy, 141. Writing off the policy before its actual maturity is known as ----

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a.Nomination b. Foreclosure c. Surrender d.None of these, 142.-------Insurance covers many persons under one contract, a. Public insurance b. Group insurance c. Personal accident insurance, d.None of these, 143.------ is the rate at which the central bank rediscounts the bills of commercial, banks, a. Bank Rate Policy b. Central bank rate c. Credit rate d. None of these, 144.------- is the deliberate attempt by the central bank to influence the volume of, credit available in the country., a.OMO b.SLR c.BRP d. None of these, 145. Delivery of banks service to a customer at his office or home by using, electronic technology is called ---a. ATM b. EFT c. E-Banking d.None of these, 146.The amount is instantly credited to the account of the customer in ----a. ATM b. EFT c.CDM d.None of these, 147. Virtual banking is also called ----a. Internet Banking b.Home banking c.Mobile banking d.None of these, 148. Plastic money is ---a.Debit card b.Credit card c.ATM card d.None of these, 149.KCC is ---a. Kissan credit card b.Kissan customer card c.Key Credit Card d.None of, these, 150.NPA means ---a.Net Performing Assest b. Non-Performing Asset c. Net profit Acceptance, d.None of these, 151.In case of ---------banking several banks joint together to meet the credit needs, of large borrowers., a.Commercial banking b. Consortium banking c. Joint banking d.None of, these, 152. Example for Foreign Bank is ----a. Centurion Bank b CityBank c Axis Bank d. All, 153. Bank of Baroda is an example for ------a. Private sector Bank b. Foreign Bank c. Public sector Bank .None of these, 154.Federal Bank is a -----a. Private sector Bank b. Foreign Bank c. Public sector Bank .None of these

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155. IBRD is also Known as ----a. Central Bank b. World Bank c. Exim Bank d.All, 156. State financial corporations is an example for -------a. Industrial Bank b. Foreign Bank c. Public sector Bank d.All, 157.----- is a loan for short term temporary financing for Business firms ., a. Term loans b. Bridge loans c. Cash credit d.All, 158.------- is a temporary financial arrangement by the bank to draw more than the, amount standing to his credit., a. Overdraft b. Bridge loans c. Cash credit d.None of these., 159.------- is based on the voice processing facility available with the bank, computers., a.Internet Banking b. Tele Banking c. Mobile Banking d. All, 160.----- is the deliberate attempt by the RBI to influence the volume of available, in the country., a.Bank Rate Policy . b. Open Market Operations Qualitative credit, control.d.All, 161.-----------------------insurance is a cash value policy that provides life time, protection by paying a lump sum death benefits., a., b., c., d., , Endowment insurance, Term insurance, Whole life insurance, Life insurance, , 162.----------------- insurance policy pay the assured sum on maturity of the policy, or on the death of the insured whichever is ealier, a. Endowment insurance, b. Term insurance, c.Whole life insurance, d.Life insurance, 163.--------------------insurance cover loss or damage to a ship and intranist cargo, over the water ways land and air

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a., b., c., d., , Motor insurance, Marine insurance, Third party insurance, Fire insurance, , 164.In the case of ---------- policy ,the premium amount is payable periodically, throughout the entire life of the insured, a., b., c., d., , Ordinary whole life policy, Limited payment whole life policy, Convertible policy, Double endowment policy, , 165.General relationship between banker and customer is ----a. contractual relation ship b. trustee and beneficiary c. Right of agent, d.none of these, 166.While accepting deposit,a banker becomes ------ and customer is ----a. Creditor and debtor b. Debtor and Creditor c. None of these ., 167. There is no fixed place of repayment in ------a.debt due from bank b.ordinary commercial debt c. special debt d.None of, these, 168. --------is a clause or condition added to a basic life insurance policy which, provides additional benefit at the option of the propose., a., b., c., d., , Nomination, Exclusion., Riders, Loans, , 169.----------is the all rights title and interest of assignor in the policy is transferred, to the assignee without reversion to the former., a. Conditional assignment, b. Acceptance

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c. Absolute assignment, d. Submission, 170.--------------is the all rights , title and interest of assignor in the policy are, transferred to the assignee subject to certain conditions, a., b., c., d., , Conditional assignment, Acceptance, Absolute assignment, Submission, , 171.--------------- is the process of writing off the policy before its actual maturity, a., b., c., d., , Foreclosure, Surrender, Nomination, Execution, , 172.----------Clauses give the description of the nature, extent and scope of the, cargo insurance, a., b., c., d., , Cargo clause, Hull clause, Freight clause, Liability clause, , 173. Inch marl clauses is also known as ------------a. Transit clause, b. negligence clauses, c. stay clause, d. warehouse clause

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174.-------------------- clause enables the insured in trying to save the subject, matter of insurance from any type of loss, a. sue and labour, b. running down clause, c. continuation clause, d. memorandum clause, 175.---------------clause relives the insurer from paying small losses on, perishable goods which are the subject matter of insurance, a. reinsurance clause, b. waiver clause, c. memorandum clause, d. sue clause, 176. which is the odd one out, a. voyage policy, b. valued policy, c. with profit policy, d. Time policy, 177. which one is not a condition relating to premium, a. premium notice, b. commencement of risk, c. payment of premium, d. Days of grace

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178. --------------- insurance is to help business to servive from the blow of losing, the important person, a. Unit linked insurance, b. Group insurance, c. Ordinary insurance, d. Key man insurance, 179.. KYC is -----a. Know Your Credit b.Know Your Customer c. Know Your Cash d.All, 180. Bankers Bank Evidence Act in -----a. 1981 b. 1891 c.1949 d.1934, 181.A cheque is in circulation for a long period is called ---a. Anti-dated cheque b. Stale cheque c. Mutilated cheque d. None of these, 182.-------- crossing is not recognized by law, but only by banking custom, a. Account payee crossing b. Double crossing c. Special crossing d. Notnegotiable crossing, 183.------ is an endorsement made by an authorized person on behalf of another, a. Pre pro endorsement b. Facultative endorsement c. Partial endorsement, d.None of these, 184.In the case of ----cheque, the payee need not be named and it can be, transferred by mere delivery., a.Bearer cheque b. Order cheque c. stale cheque d. None of these., 185.-------is the instruction given by the customer of a bank in writing requesting, the banker not to honour the cheque whose date, number amount ,and payees, name is mentioned in the cheque .

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a. General instruction b. Countermanding instruction c. Prohibitary, instruction d.None of these., 186.Fixed deposit is also known as -------a.Demand deposit b. cumulative deposit c. Savings deposit d.Time liabilities, 187.When a cheque is torn into pieces ,it is called-----‘, a. Post-dated cheque b. Ante-dated cheque c. Mutilated cheque d. None of, these., 188.Cancellation of crossing of a cheque is called ---a.Mutilated cheque b. Torned cheque c. Material alterations d.None of these, 189. A ---- cannot be made payable to the bearer, a. Cheque b. Draft c. Bill of exchange d. None of these, 190.A cheque which bears a date which has already elapsed is called----a. Post-dated cheque b. Ante-dated cheque c. Mutilated cheque d. None of, these., 191. A ----- is a bank line any other bank operating on a small scale without, involving credit risk., a. Consortium Bank b. Payment Bank c.Small Finance Bank d. None of, these, 192-------bank can accept deposit only ,but cannot lend ., a. Consortium Bank b. Payment Bank c.Small Finance Bank d. None of, these, 193.-------- Bnaks can issue ATM Debit cards but no Credit cards., a. Payment Bank b. Consortium Bank c.Small Finance Bank d. None of, these, 194.------- banks accept deposits but customer balance should not exceed Rs.1 lakh

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a., , Small Finance Bank, None of these., , b. Consortium Bank c. Payment Bank d., , 195.------ is to perform lending activities among weaker sections of the, community., a. Small Finance Bank, , b. Consortium Bank c. Payment Bank d. All, , 196.------ are norms for banks aimed at mitigating the risk and strengthening the, capital structure of the banks of member countries., a.IRAC rules b.BASEL norms c.Capital Adequacy Norms d. None of these, 197.To strengthen the capital base of banks RBI laid down ------a.IRAC rules b.BASEL norms c.Capital Adequacy Norms d. None of these, 198.For providing transparency in accounting and reporting procedures of banks --- are introduced in 1992, a.IRAC rules b.BASEL norms c.Capital Adequacy Norms d. None of these, a. IRAC b. CAR c. BASEL d. None of these, 200.------ banking refers to the use of technology and communication systems in, delivering banking products and services to customers., a.Hi-tech banking b.Virtual banking c.PC banking d. Home banking., 201 .How many branches a unit bank have ?, a. one branch, b .two branches, c no branches, d.None of these, 202.Prime lending rate is charged by, (a)Commercial bank, (b) Merchant bank

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(c) Co operative bank, (d) Development bank, 203. When did the banking sector reforms initiates, (a) 1996, (b) 1901, (c) 1991, (d) 1989, 204. Under which banking aims at targeting customers with large value, transaction, (a) Whole sale banking, (b) Merchant banking, (c) Retail banking, (d) Internet banking, 205. Which of the following is known as plastic money, (a) Credit card, (b) Debit card, (c) None of these, (d) Both of these, 206. On which rate method, the interest is charged on the full amount of the, loan throughout the entire period of loan, (a) Fixed rate of interest, (b) Floating rate of interest, (c) Flat rate of interest, (d) Compound rate of interest, 207. Debit card means

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(a) Pay later, (b) Pay now, (c) Both of these, (d) None of these, 208.Which type of loans have less prone to the risk of becoming NPA, (a) Retail loans, (b) Whole sale loans, (c) Gold loans, (d) Mortage loans, 209Which is the fastest possible money transfer system through banking channel, (a) RTGS, (b) EFT, (c) ATM, (d) None of these, 210. Which type of bank assets remained as NPA for a period exceeding 12, months, (a) standard assets, (b)Sub standard assets, (c) Consortium banking, (d) None of these, 211.Those banking services based on the voice processing facility available with, the bank computers, (a) Internet banking, (b) Home banking, (c) E banking, (d) Tele banking

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212. Cash which is stored electronically on a microchip is called, (a) E purse, (b) Debit card, (c) AYM, (d) Credit card, 213. Which of the banking asset are treated as performing asset?, (a) Standard asset, (b) Loss asset, (c) Doubtful asset, (d) Sub standard asset and standard asset, 214 When was the banking ombudsman scheme was introduced, (a) 1991, (b) 1994, (c) 1995, (d) 1990, Ans: (c), 215. Under which type of interest calculation, the bank charges interest on, interest, (a) Compound interest, (b) Floating rate, (c) Fixed rate interest, (d) Simple interest, 216. The maximum age limit of housing loan borrower, (a) 40 years, (b) 60 years

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(c) 80 years, (d) 65 years, 217. The maximum repayment period of vehicle loan range, (a) 60-84 months, (b) 60-74 months, (c) 80-84 months, (d) 50-60 months, 218. Paperless banking is known as, (a)RTGS, (b) Internet banking, (c) EFT, (d) mobile banking, 219.What is the proof of the insurance contract?, (a) Certificate, (b) Policy, (c) Receipts, (d) None of the above, 220.The first insurance company was started in, (a) 1678, (b) 1681, (c) 1680, (d) 1675, 221.In India which is the first insurance company?, (a) Bombay mutual assurance society Ltd

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(b) Bharat insurance co., (c) Oriental life insurance co.Ltd, (d) Empire of India, 222.When the life insurance corporation of India was formed?, (a) August 1 1956, (b) November 1 1956, (c) September 1 1956, (d) January 1 1956, 223.In Insurance the consideration is known as, (a) Money, (b) Fund, (c) Return, (d)Premium, 224.What is the basis of evaluation of risk in insurance ?, (a) Heliocentric theory, (b) Relativity theory, (c) Quantum theory, (d) Probability theory, , 225.Which risk are affect the whole society?, (a) Fundamental risk, (b) Non fundamental risk, (c) Speculative risk, (d) Dynamic risk

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226.”Both parties of insurance contract to deal in good faith”. What is that, concept?, (a) Aleatory, (b) Unilateral, (c) Uberximea fidei, (d) Personal, 227.A contract that based on the speculation is known as, (a) Insurance, (b) Wagering, (c) Assurance, (d) None of these, 228.Maxine insurance covered which losses?, (a) Cargo, (b) Freight, (c) Vessels, (d) All, 229.IRDA based in, (a) Hyderabad, (b) Kolkkatta, (c) Mumbai, (d) Chennai, 230.Insurance is defined as a, (a) Contract, (b) Social device, (c) Co operative device, (d) All

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231.Surrender of policy is not applicable in, (a) Life insurance, (b) General insurance, (c) Miscellaneous insurance, (d) All, 232. What is called the right of the an insurer to refuse admittance of the claim by, the insured ?, a. reinsurance b. indemnity c. repudiation d. actuarial valuation, 233. Mr. X the owner of a property insures it against fire for Rs 75000 with, company A and Rs 50000 against with company B , It is an example of ; ?, a. re – insurance b. double insurance c. fire insurance d. renewal of, insurance, 234. Which insurance policy is provide the unique combination of health, insurance and investment ?, a. unit –linked health insurance, b. overseas travel insurance, c .group health insurance, d .none of these, 235.If neither the word bearer nor order in written on a cheque payment will be, may made by treating as?, a. a bearer cheque, b. an order cheque, c. at banks discretion, d .cannot be paid at all, 236. Account payee crossing is a direction of the drawer ?, a. to collecting banker, b. to drawee banker, c. to payee, d. none of these, 237. which of the following is called bankers cheque ?, a. demand draft

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b. debit card, c .pay order, d .fixed deposit, 238. A type of loan given by one bank to another ank is……..?, a. money at call and short notice, b. bridge loan, c. term loan, d .none of these, 239.Unit banking is also called ?, a .branch banking, b. specialized banking, c. localized banking, d. none of these, 240. The principal amount repaid towards housing loan also qualify for deduction, under se 80 C of whi h A t……?, a.Income Tax Act, b. Factories Act c. Corporate Tax, d .Companies Act, 241.N ame the scheme of remittance of funds envisaged by the foreign exchange, dealers association of India, A .Differential Rate of Interest scheme, b. Village Adoption Scheme, c. Foreign Inward Remittance Payment Scheme, d. Banking Ombudsman Scheme, 242. Time period for bridge finance ranging from …………, a. 1- 14 days b.90-120 days c.2 weeks to 3 years d. 3-5 years, 243.How many branches a unit bank have ?, a. one branch b.two branches c. no branches d. None of these

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Answer key, 1.(a), 2(b), 3(a), 4(d), 5(a), 6(b), 7(b), 8(b), 9(a), 10(a), 11(b), 12 (d), 13 (a), 14(b), 15(b), 16(a), 17(b), 18(d), 19(a), 20(a), 21(d), 22(b), 23(a), 24(b), 25 (a), 26(c), 27(a), 28 (a), 29(b), 30(a), 31(d), 32(a), 33(b)

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34(a), 35(c), 36(a), 37(c), 38 (a), 39(c), 40(d), 41(b), 42(c), 43(a), 44(b), 45(d), 46(a), 47(b), 48(b), 49(a), 50(c), 51(b), 52(c), 53(c), 54(a), 55(b), 56(b), 57(a), 58(c), 59(b), 60(c), 61(b), 62(b), 63(c), 64(a), 65(c), 66(c), 67(c), 68(b)

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69(c), 70 (b), 71(c), 72(a), 73(b), 74(b), 75(b), 76(c), 77(b), 78(a), 79(b), 80(c), 81(b), 82(d), 83(c), 84(c), 85(d), 86(b), 87(b), 88(c), 89(b), 90(c), 91(a), 92(c), 93(c), 94(a), 95(b), 96(c), 97(b), 98(a), 99(b), 100(d), 101(c), 102(b), 103 (b)

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104(a), 105(a), 106(d), 107(c), 108(a), 109(b), 110(a), 111(d), 112(b), 113(c), 114(c), 115(a), 116(a), 117 (b), 118(a), 119(c), 120(c), 121(c), 122(a), 123(a), 124(b), 125.(d), 126(b), 127(b), 128(a), 129(b), 130(b), 131(b), 132(b), 133(c), 134(b), 135(c), 136 (a), 137.(c), 138(a)

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139(c), 140(c), 141(b), 142(b), 143(a), 144(a), 145(c), 146(c), 147(a), 148(b), 149(a), 150(b), 151(b), 152(b), 153 (c), 154(a), 155 (b), 156 (a), 157 (b), 158 (a), 159.(b), 160 (b), 61 (d), 162(d), 163(b), 164(a), 165 (b), 166(b), 167(b), 168 (c), 169 (c), 170(a), 171(b), 172(a), 173(b)

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174(a), 175(c), 176.(c), 177(b), 178(d), 179(b), 180(b), 181(b), 182(a), 183(a), 184(a), 185(b), 186(d), 187(c), 188(c), 189(b), 190(b), 191(b), 192(b), 193(a), 194(c), 195(a), 196(b), 197(c), 198(a), 199(b), 200(a), 201(c), 202(a), 203(c), 204(a), 205(d), 206(c), 207(b), 208(a)

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209(a), 210(c), 211(d), 212(a), 213(a), 214(c), 215(d), 216(a), 217(a), 218(c), 219(b), 220(c), 221(a), 222(c), 223(d), 224(d), 225(a), 226(c), 227(b), 228(d), 229(a), 230(d), 231(b), 232(c), 233(b), 234(a), 235(b), 236(a), 237(a), 238(a), 239(c), 240(a), 241(c), 242(c), 243(c)