Q. General relationship between banker and customer is -----
✅ Correct Answer: (B)
trustee and beneficiary
Banking and Finance MCQs and Notes
Q. Which of the following is known as plastic money
✅ Correct Answer: (D)
Both of these
Q. ------ banking refers to the use of technology and communication systems in delivering banking products and services to customers.
✅ Correct Answer: (A)
Hi-tech banking
Q. For providing transparency in accounting and reporting procedures of banks -- -- are introduced in 1992
✅ Correct Answer: (A)
IRAC rules
Q. To strengthen the capital base of banks RBI laid down -------
✅ Correct Answer: (C)
Capital Adequacy Norms
Q. ----- are norms for banks aimed at mitigating the risk and strengthening the capital structure of the banks of member countries.
✅ Correct Answer: (B)
BASEL norms
Q. ------ is to perform lending activities among weaker sections of the community.
✅ Correct Answer: (A)
Small Finance Bank
Q. ------- banks accept deposits but customer balance should not exceed Rs.1 lakh
✅ Correct Answer: (C)
Payment Bank
Q. ------- Banks can issue ATM Debit cards but no Credit cards.
✅ Correct Answer: (A)
Payment Bank
Q. ------bank can accept deposit only ,but cannot lend .
✅ Correct Answer: (B)
Payment Bank