Banking Awareness MCQ Quiz - Multiple Choice Questions & Answers Page 4

31. Highest denomination of currency notes issued by RBI is

1. Rs.100/-
2. Rs.500/-
3. Rs.1,000/-
4. Rs.10,000/-

32. If locker rent is not paid, Bank can

1. seal the locker
2. stop operation of locker
3. break open the locker after giving suitable notice
4. All of above

33. In Recurring Deposits

1. a fixed sum is deposited every month
2. period of deposit is a fixed tenure
3. interest is paid at FDR rate
4. All of above

34. Interest on FDRs is compounded on

1. Monthly basis
2. Quarterly basis
3. Half yearly basis
4. Yearly basis

35. Interest on Savings Bank Deposits is paid

1. Every month
2. Quarterly
3. Half yearly
4. Yearly

36. Internet banking refers to

1. Operation of account through internet
2. Opening of account through ATM
3. Both a and b
4. None of above

37. KYC means

1. Know your customer
2. Know your character
3. Both of above
4. None of above

38. Life insurance means

1. Insurance of human
2. Insurance of life of human and Cattle
3. Insurance of Life of Machines
4. All of above

39. Loans from money lenders are

1. With High rate of interest
2. No proper accounting
3. No transparency
4. All of above

40. Maximum amount of Cheque

1. Rs.100 crore
2. No limit
3. Rs.1 crore
4. None of above