Banking MCQ Question with Answer

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

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