MCQs on Important Banking Terms in India

Q. What does KYC stand for in banking? / बैंकिंग में KYC का क्या अर्थ है?

A. Know Your Customer

B. Keep Your Cash

C. Key Yield Capital

D. Know Your Credit

Answer: C. Know Your Customer

Q. What is the full form of NEFT? / NEFT का पूरा नाम क्या है?

A. National Electronic Fund Transfer

B. National Easy Fund Transfer

C. New Electronic Fund Transfer

D. National E-Banking Fund Transfer

Answer: A. National Electronic Fund Transfer

Q. RTGS is used for? / RTGS का उपयोग किसके लिए किया जाता है?

A. Real-Time Gross Settlement

B. Rapid Transfer Global System

C. Reserve Transfer Gross System

D. Real Transfer Global Settlement

Answer: D. Real-Time Gross Settlement

Q. What is CRR in banking? / बैंकिंग में CRR का क्या अर्थ है?

A. Cash Reserve Ratio

B. Credit Reserve Requirement

C. Capital Reserve Ratio

D. Cash Reinvestment Rate

Answer: B. Cash Reserve Ratio

Q. SLR in banking refers to? / बैंकिंग में SLR का क्या अर्थ है?

A. Statutory Liquidity Ratio

B. Standard Lending Rate

C. Savings Loan Ratio

D. Statutory Loan Reserve

Answer: A. Statutory Liquidity Ratio

MCQs on Important Banking Terms in India

Q. What is a demand draft? / डिमांड ड्राफ्ट क्या होता है?

A. A prepaid negotiable instrument

B. A cheque payable on demand

C. A loan agreement

D. A savings certificate

Answer: C. A prepaid negotiable instrument

Q. What is the meaning of NPA in banking? / बैंकिंग में NPA का क्या अर्थ है?

A. Non-Performing Asset

B. Non-Participatory Account

C. New Payment Agreement

D. National Payment Authority

Answer: B. Non-Performing Asset

Q. What is the full form of IFSC? / IFSC का पूरा नाम क्या है?

A. Indian Financial System Code

B. International Fund Settlement Code

C. Indian Fund System Code

D. International Financial System Code

Answer: D. Indian Financial System Code

Q. What is a bank overdraft? / बैंक ओवरड्राफ्ट क्या है?

A. Withdrawal beyond available balance

B. Loan repayment plan

C. Savings scheme

D. Fixed deposit account

Answer: A. Withdrawal beyond available balance

Q. What is a bank’s liquidity? / बैंक की तरलता का क्या अर्थ है?

A. Ability to meet short-term obligations

B. Long-term investment capability

C. Fixed deposit rate

D. Loan repayment period

Answer: B. Ability to meet short-term obligations

Q. What is the meaning of RBI’s repo rate? / RBI के रेपो रेट का क्या अर्थ है?

A. Rate at which RBI lends to banks

B. Rate at which banks lend to customers

C. Rate of tax deduction at source

D. Savings interest rate

Answer: D. Rate at which RBI lends to banks

MCQs on Important Banking Terms in India

Q. What is reverse repo rate? / रिवर्स रेपो रेट का क्या अर्थ है?

A. Rate at which RBI borrows from banks

B. Rate of loan interest

C. Fixed deposit interest rate

D. Mortgage rate

Answer: C. Rate at which RBI borrows from banks

Q. What is the meaning of “dormant account”? / डॉर्मेंट अकाउंट का क्या अर्थ है?

A. Inactive bank account

B. Savings account

C. Current account

D. Loan account

Answer: A. Inactive bank account

Q. What is meant by core banking? / कोर बैंकिंग का क्या अर्थ है?

A. Centralized banking services

B. Loan processing system

C. ATM management

D. Savings schemes

Answer: C. Centralized banking services

Q. What is meant by MCLR in banking? / बैंकिंग में MCLR का क्या अर्थ है?

A. Marginal Cost of Funds based Lending Rate

B. Monthly Capital Loan Rate

C. Minimum Credit Lending Ratio

D. Marginal Credit Limit Rate

Answer: D. Marginal Cost of Funds based Lending Rate

Q. What is a standing instruction? / स्टैंडिंग इंस्ट्रक्शन का क्या अर्थ है?

A. Automatic payment order

B. Loan request

C. Savings account opening

D. Overdraft request

Answer: B. Automatic payment order

Q. What is the meaning of UPI? / UPI का क्या अर्थ है?

A. Unified Payments Interface

B. Universal Payment Instrument

C. Unified Public Interface

D. Universal Payment Index

Answer: C. Unified Payments Interface

MCQs on Important Banking Terms in India

Q. What is a negotiable instrument? / नेगोशियेबल इंस्ट्रूमेंट क्या है?

A. A transferable document of money

B. Bank loan agreement

C. Deposit receipt

D. Savings certificate

Answer: D. A transferable document of money

Q. What is meant by credit appraisal? / क्रेडिट एप्रीजल का क्या अर्थ है?

A. Assessment of loan eligibility

B. Bank profit calculation

C. ATM transaction review

D. Investment planning

Answer: B. Assessment of loan eligibility

Q. What is a consortium loan? / कंसोर्टियम लोन क्या होता है?

A. Loan provided by multiple banks jointly

B. Single bank loan

C. Personal loan

D. Microfinance loan

Answer: C. Loan provided by multiple banks jointly

Q. What is CASA in banking? / बैंकिंग में CASA का क्या अर्थ है?

A. Current Account and Savings Account

B. Credit Account Savings Aggregate

C. Central Account System Approval

D. Customer Account Savings Asset

Answer: A. Current Account and Savings Account

Q. What is a credit rating? / क्रेडिट रेटिंग क्या है?

A. Assessment of borrower’s creditworthiness

B. Interest rate on loans

C. Bank profit margin

D. Stock market index

Answer: B. Assessment of borrower’s creditworthiness

Q. What is a revolving credit facility? / रिवॉल्विंग क्रेडिट सुविधा क्या है?

A. Credit limit that can be used repeatedly

B. One-time loan

C. Fixed deposit scheme

D. Overdraft facility

Answer: C. Credit limit that can be used repeatedly

Q. What is meant by base rate? / बेस रेट का क्या अर्थ है?

A. Minimum interest rate on loans

B. Deposit rate

C. RBI repo rate

D. ATM fee

Answer: A. Minimum interest rate on loans

Q. What is a demand loan? / डिमांड लोन क्या होता है?

A. Loan repayable on demand

B. Fixed-term loan

C. Savings deposit

D. Overdraft facility

Answer: B. Loan repayable on demand

MCQs on Important Banking Terms in India

Q. What is meant by floating rate of interest? / फ्लोटिंग रेट ऑफ इंटरेस्ट का क्या अर्थ है?

A. Interest rate that changes with market conditions

B. Fixed interest rate

C. Bank fee

D. Loan insurance rate

Answer: A. Interest rate that changes with market conditions

Q. What is priority sector lending (PSL)? / प्राथमिक क्षेत्र ऋण (PSL) क्या है?

A. Lending to agriculture, MSMEs, and weaker sections

B. Loan to corporate sector

C. Loan to banks

D. Government deposits

Answer: A. Lending to agriculture, MSMEs, and weaker sections

Q. What is a non-performing asset (NPA)? / गैर-निष्पादित संपत्ति (NPA) क्या है?

A. Loan on which interest or principal is overdue for 90+ days

B. Fixed deposit

C. Current account balance

D. Bank’s profit

Answer: A. Loan on which interest or principal is overdue for 90+ days

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