MCQOPTIONS
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MCQOPTIONS
This section includes 160 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Business Administration (BBA) knowledge and support exam preparation. Choose a topic below to get started.
| 151. |
Which banks which accept deposits from the public and lend them mainly to commerce for short periods? |
| A. | Commercial Bank |
| B. | Industrial Bank |
| C. | Agricultural Bank |
| D. | Central Bank |
| Answer» D. Central Bank | |
| 152. |
The first Indian bank known as The Bank of Hindustan was set up in |
| A. | 1894 |
| B. | 1880 |
| C. | 1798 |
| D. | 1770 |
| Answer» E. | |
| 153. |
Payment of cheque can be stopped by |
| A. | beneficiary |
| B. | drawer of cheque |
| C. | Nominee |
| D. | all the above |
| Answer» C. Nominee | |
| 154. |
Quantitative measure for credit control by the RBI includes: |
| A. | Discriminatory Interest Rate |
| B. | Ceiling on Credit |
| C. | Cash Reserve Ratio |
| D. | Directives |
| Answer» D. Directives | |
| 155. |
Two types of Commercial banks have been stipulated by Section_______ of the Reserve Bank of India Act, 1934: |
| A. | 42(6)(b) |
| B. | 24(6)(b) |
| C. | 42(6)(a) |
| D. | 24 (6)(a) |
| Answer» D. 24 (6)(a) | |
| 156. |
When the customer borrows money from the bank, the bank becomes the |
| A. | Debtor |
| B. | Trustee |
| C. | Creditor |
| D. | Underwriter |
| Answer» D. Underwriter | |
| 157. |
What types of deposits earn higher interest rate? |
| A. | current account |
| B. | savings account |
| C. | Fixed deposit |
| D. | none of these |
| Answer» D. none of these | |
| 158. |
When a banker collects cheques, dividend warrants, bills or other services on behalf of the customer, the banker the banker acts as an__________ |
| A. | Principal |
| B. | Agent |
| C. | Bailor |
| D. | Bailee |
| Answer» C. Bailor | |
| 159. |
A banker is obliged to keep the affairs of his customer secret except under special circumstances such as: |
| A. | Where disclosure is requested by a third party |
| B. | Where another banker requires the information |
| C. | Where disclosure is made with the consent of the customer |
| D. | where disclosure is requested by the customer s employer |
| Answer» D. where disclosure is requested by the customer s employer | |
| 160. |
When a customer deposits money with a bank, the customer becomes a lender and the bank become a__________ |
| A. | Trustees |
| B. | Custodian |
| C. | Borrower |
| D. | agent |
| Answer» D. agent | |