Q. Which one of the following statements is most appropriate regarding transaction made in money?
✅ Correct Answer: (A)
It is the easiest way.
Banking and Finance MCQs and Notes
Q. Globalization has increased the role of central bank.
✅ Correct Answer: (A)
True
Q. CRR and SLR are monetary policy instruments
✅ Correct Answer: (A)
True
Q. A type of loan given by one bank to another bank is……..?
✅ Correct Answer: (A)
money at call and short notice
Q. On which rate method, the interest is charged on the full amount of the loan throughout the entire period of loan
✅ Correct Answer: (C)
Flat rate of interest
Q. Under which banking aims at targeting customers with large value transaction
✅ Correct Answer: (A)
Whole sale banking
Q. When did the banking sector reforms initiates
✅ Correct Answer: (C)
1991
Q. Prime lending rate is charged by
✅ Correct Answer: (A)
Commercial bank
Q. There is no fixed place of repayment in -------
✅ Correct Answer: (B)
ordinary commercial debt
Q. While accepting deposit,a banker becomes ------ and customer is -----
✅ Correct Answer: (B)
Debtor and Creditor