Banking Theory and Practice

Banking Theory and Practice

University

50 Qs

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Banking Theory and Practice

Banking Theory and Practice

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Akhil Thomas

Used 2+ times

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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary function of the Reserve Bank of India (RBI)?

To manage personal savings accounts

To issue credit cards

To regulate the banking sector

To provide loans to individuals

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which act regulates banking in India?

Banking Regulation Act 1949

Consumer Protection Act 1986

Companies Act 1956

Negotiable Instruments Act 1881

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of account can a minor open?

Foreign currency account

Trust account

Corporate account

Joint account with a guardian

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key feature of a cheque?

It is a type of loan

It is a negotiable instrument

It requires a credit card

It is a savings account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of negotiable instrument?

Cheque

Bill of exchange

Promissory note

Savings account

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does RTGS stand for?

Real Time General Settlement

Regular Transfer of Government Securities

Rapid Transaction General Service

Real Time Gross Settlement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a modern banking practice?

Virtual banking

Manual ledger maintenance

In-person banking only

Paper-based transactions

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