MCQs on Important Banking Terms in India
1. What does KYC stand for? / KYC का क्या अर्थ है?
A. Keep Your Cash
B. Know Your Credit
C. Know Your Customer
D. Key Yield Capital
Answer: C. Know Your Customer
2. What is the full form of NEFT? / NEFT का पूरा नाम क्या है?
A. National Easy Fund Transfer
B. National Electronic Fund Transfer
C. New Electronic Fund Transfer
D. National E-Banking Fund Transfer
Answer: B. National Electronic Fund Transfer
3. RTGS is mainly used for? / RTGS का उपयोग किसके लिए किया जाता है?
A. ATM withdrawals / एटीएम निकासी
B. Loan processing / ऋण प्रक्रिया
C. Small transactions / छोटे लेन-देन
D. Real-time large transactions / रियल-टाइम बड़े लेन-देन
Answer: D. Real-time large transactions
4. What is CRR? / CRR क्या है?
A. Credit Reserve Ratio
B. Cash Refinance Rate
C. Cash Reserve Ratio
D. Capital Reserve Ratio
Answer: C. Cash Reserve Ratio
5. SLR stands for? / SLR का पूरा नाम क्या है?
A. System Loan Reserve
B. Statutory Liquidity Ratio
C. Savings Lending Rate
D. Standard Loan Rate
Answer: B. Statutory Liquidity Ratio
6. What is Repo Rate? / रेपो रेट क्या है?
A. Deposit rate / जमा दर
B. Loan interest rate / ऋण ब्याज दर
C. Rate at which RBI lends to banks / RBI द्वारा बैंकों को ऋण देने की दर
D. Rate at which banks lend to RBI / बैंक RBI को ऋण देते हैं
Answer: C. Rate at which RBI lends to banks
7. Reverse Repo Rate means? / रिवर्स रेपो रेट क्या है?
A. Interest on savings / बचत पर ब्याज
B. RBI borrows from banks / RBI बैंकों से उधार लेता है
C. Loan processing fee / ऋण शुल्क
D. Banks borrow from RBI / बैंक RBI से उधार लेते हैं
Answer: B. RBI borrows from banks
8. What is NPA? / NPA क्या है?
A. Net Profit Asset
B. Non-Performing Asset
C. New Payment Account
D. National Public Account
Answer: B. Non-Performing Asset
9. IFSC code is used for? / IFSC कोड का उपयोग किसके लिए होता है?
A. Loan approvals / ऋण स्वीकृति
B. ATM withdrawals / एटीएम निकासी
C. Credit score / क्रेडिट स्कोर
D. Identifying bank branches / बैंक शाखा की पहचान
Answer: D. Identifying bank branches
10. What is a cheque? / चेक क्या है?
A. Deposit slip / जमा पर्ची
B. Loan agreement / ऋण समझौता
C. Credit note / क्रेडिट नोट
D. Written order to bank to pay money / बैंक को भुगतान का लिखित आदेश
Answer: D. Written order to bank to pay money
11. What is overdraft facility? / ओवरड्राफ्ट सुविधा क्या है?
A. Insurance policy
B. Withdrawal beyond balance
C. Loan closure
D. Fixed deposit
Answer: B. Withdrawal beyond balance
12. What is Fixed Deposit (FD)? / फिक्स्ड डिपॉजिट क्या है?
A. Current account
B. Overdraft
C. Deposit for fixed period with interest
D. Short-term loan
Answer: C. Deposit for fixed period with interest
13. What is CASA? / CASA क्या है?
A. Cash Asset System Account
B. Current Account and Savings Account
C. Credit Account Saving Asset
D. Central Account Service Area
Answer: B. Current Account and Savings Account
14. What is UPI? / UPI क्या है?
A. Universal Payment Index
B. Unified Payments Interface
C. User Payment Integration
D. Unified Public Interface
Answer: B. Unified Payments Interface
15. What is MCLR? / MCLR क्या है?
A. Minimum Credit Lending Ratio
B. Monthly Cash Loan Rate
C. Market Credit Lending Rate
D. Marginal Cost of Funds based Lending Rate
Answer: D. Marginal Cost of Funds based Lending Rate
16. What is Base Rate? / बेस रेट क्या है?
A. RBI rate
B. Loan penalty rate
C. Minimum lending rate
D. Maximum deposit rate
Answer: C. Minimum lending rate
17. What is liquidity? / तरलता क्या है?
A. Loan rate
B. Profit margin
C. Deposit scheme
D. Ability to meet short-term obligations
Answer: D. Ability to meet short-term obligations
18. What is a demand draft? / डिमांड ड्राफ्ट क्या है?
A. Loan agreement
B. Credit note
C. Prepaid bank instrument
D. Post-dated cheque
Answer: C. Prepaid bank instrument
19. What is a negotiable instrument? / नेगोशियेबल इंस्ट्रूमेंट क्या है?
A. Loan file
B. Transferable document of money
C. Non-transferable document
D. Bank receipt
Answer: B. Transferable document of money
20. What is credit rating? / क्रेडिट रेटिंग क्या है?
A. Bank profit
B. Loan tenure
C. Interest rate
D. Creditworthiness assessment
Answer: D. Creditworthiness assessment
21. What is a savings account? / बचत खाता क्या है?
A. Business account
B. Credit account
C. Deposit account for individuals
D. Loan account
Answer: C. Deposit account for individuals
22. What is a current account? / चालू खाता क्या है?
A. Loan account
B. Savings account
C. Fixed deposit
D. Business account with frequent transactions
Answer: D. Business account with frequent transactions
23. What is ATM? / ATM क्या है?
A. Account Transfer Machine
B. Automated Transaction Mode
C. Automatic Teller Machine
D. Auto Transfer Mode
Answer: C. Automatic Teller Machine
24. What is internet banking? / इंटरनेट बैंकिंग क्या है?
A. ATM service
B. Loan system
C. Banking via phone
D. Banking through internet
Answer: D. Banking through internet
25. What is mobile banking? / मोबाइल बैंकिंग क्या है?
A. ATM use
B. Loan processing
C. Branch service
D. Banking via mobile apps
Answer: D. Banking via mobile apps
26. What is a debit card? / डेबिट कार्ड क्या है?
A. Credit facility
B. Investment tool
C. Loan card
D. Withdraw money from account
Answer: D. Withdraw money from account
27. What is a credit card? / क्रेडिट कार्ड क्या है?
A. Savings tool
B. Debit facility
C. Borrowing up to limit
D. Fixed deposit
Answer: C. Borrowing up to limit
28. What is EMI? / EMI क्या है?
A. Easy Money Income
B. Equal Monthly Installment
C. Extra Monthly Interest
D. Electronic Money Input
Answer: B. Equal Monthly Installment
29. What is net banking? / नेट बैंकिंग क्या है?
A. Offline banking
B. Recharge system
C. ATM banking
D. Online banking
Answer: D. Online banking
30. What is financial inclusion? / वित्तीय समावेशन क्या है?
A. Corporate loans
B. Banking for rich
C. Tax system
D. Banking for all sections
Answer: D. Banking for all sections