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Banking MCQ Question with 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

Wanna test your skill? Here are some exams we prepared for you. So if you need to test your skill just attempt any exam from bellow.

Exam Name No. Of Q Link
Accounting set 1 30 Start
Accounting set 2 30 Start
Accounting set 3 30 Start
Accounting set 4 30 Start
Accounting set 5 30 Start
Accounting set 6 30 Start
Accounting set 7 30 Start
Accounting set 8 30 Start
Accounting set 9 30 Start
Accounting set 10 30 Start
Accounting set 11 30 Start
Accounting set 12 30 Start