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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 : 8
Business organisation can open savings bank account to deposit their surplus cash.

True
False

Question No : 9
Cash credit is a non fund based advanced available from bank

True
False

Question No : 10
L/C stand for

Low Credit
Letter of Credit
Loan Certificate
Letter of Cancellation

Question No : 11
The assets created by the borrower from the credit facilities granted by the bank is known as

Primary Security
Collateral Security
Both of the above
None of the above

Question No : 12
The type of charge which is created on immovable property is known as

Pledge
Hypothication
Assignment
Mortgage

Question No : 13
PLR stand for

Prime Loan Revenue
Prime Loan Rate
Prime Lending Rate
Please Lower Rate

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