Banking and Financial Market MCQ | 60 Free MCQs

31. The over the counter exchange of India allows the companies to register only in …………..
a. OTCEI
b. OTCEI and NSE
c. OTCEI and BSE
d. none of the above

32. Mutual funds play an important role in the Indian capital market as …………….
a. Speculators in the stock market
b. investment avenue for small investors
c. promoter of large-scale industries
d. Noe of these

33. RBI was nationalized in ………….
a. 1949
b. 1958
c. 2005
d. 1999

34. The Indian banking system consists of ………….
a. Public sector banks
b. private sector banks
c. foreign banks
d. all of the above

35. After nationalization there has been a continuous increase in …………
a. Number of banks
b. number of branches
c. total deposits
d. all the above

36. The number of Local Area Banks reduced to …………
a. 2
b. 3
c. 4
d. 1

37. Banks are allowed to use …………… card as a proof of both identity and address for lower income group people.
a. Aadhar card
b. credit card
c. debit card
d. none of the above

38. The full form of ATM is …………
a. Automated Teller Machine
b. Auto Teller Machine
c. Automated Telly Machine
d. none of these

39. ECS means ………….
a. Electronic cash services
b. electronic clearing services
c. electronic card services
d. electronic credit system

40. The concept of anywhere and anytime banking is related with …………. .
a. electronic-clearing services
b. electronic fund transfer
c. Automated teller machines
d. none of these

Answer: 31)OTCEI 32)investment avenue for small investors 33)1949 34)all of the above 35)all of the above 36)4 37)Aadhar card 38)Automated Teller Machine 39)electronic clearing services 40)Automated teller machines