Banking and Finance MCQs and Notes
Q. ECS refers to ……………
✅ Correct Answer: (B)
Electronic Clearing Service
Q. Which bank was introduced first ATM machine in India?
✅ Correct Answer: (B)
HSBC
Q. EFT stands for……..
✅ Correct Answer: (B)
Electronic Fund Transfer
Q. The RBI is totally autonomous and independent of the government.
✅ Correct Answer: (B)
False
Q. RBI’s monetary policy has to sub serve the national, economic & social objectives
✅ Correct Answer: (A)
True
Q. The RBI was established as a private shareholders bank
✅ Correct Answer: (A)
True
Q. Globalization has increased the role of central bank.
✅ Correct Answer: (A)
True
Q. Transparency improves accountability of CB.
✅ Correct Answer: (B)
False