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Banking MCQ - Multiple Choice Question and Answer

Banking MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding.

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Question No : 1
The income of the banking interest comes from

Deposit Received
Interest on Deposit
Interest on Loan
All of the above

Question No : 2
The open banking institution of India is

Central Bank of India
Reserve Bank of India
State Bank of India
SEBI

Question No : 3
RBI act as the of

Central Govt.
State Govt.
Nationalised Bank
All of the above

Question No : 4
Public Sector Bank comprises of

SBI & it's subsidiaries
Nationalised Bank
All of the above
None of the above

Question No : 5
ATM stand for

Any Time Money
Automated Tellor Machine
Autometic Tellor Money
None of the above

Question No : 6
A cheque that a bank has refused to encash is known as bounced cheque

True
False

Question No : 7
The type of cheque which can be encashed only by depositing is known as

Order Cheque
Bearer Cheque
Account Payee Cheque
Account Deposit Cheque