Banking Quiz for I B.Com BM (2024-2027 batch)

EFT stands for:

• Electronic Fund Transmission

• Electronic Fund Transfer

• Electronic Feature Transfer

• None of these

Which bank introduced the first ATM machine in India in the year 1987 ?

• RBI

• HSBC

• PNB

• ICICI

MICR refers to:

• Magnetic Ink Code Recognition

• Magnetic Information Character Recognition

• Magnetic Ink Character Recognition

• Magnetic Icon Character Recognition

Delivery of a bank's service to a customer at his office or home by using electronic technology is called:

• ATM

• EFT

• E-Banking

• None of these

________is based on the voice processing facility available with the bank computers.

• Internet Banking

• Tele Banking

• Mobile Banking

• All

Which of the following is known as plastic money ?

• Credit Card

• Debit Card

• None of these

• Both of these

Which of the following is India's central bank ?

• Federal Reserve

• Bank of England

• Reserve Bank of India

• Union Bank of India

The amount of money in India is controlled by:

• 1. Planning Commission

• 1. Reserve Bank of India

• 1. Commercial Banks

• 1. Government of India

Which of the following isn’t a central bank’s responsibility:

• 1. Providing banking facilities for the public

• 1. Providing credit to commercial banks

• 1. Providing financial assistance to the government

• 1. Providing financial assistance to the government

Identify the institution that accepts deposits, makes loans, and makes investments to public with the intent of earning profits:

• Central Bank

• Commercial Bank

• Neither

• Both of them