Q1. The term RTGS stands for-
1) Real Time Gross Settlement
2) Real Time Grant Settlement
3) Real Time Gross Solution
4) Run Time Gross Settlement
5) Run Time Gross Solution
Answer-1
Q2. What is the lower ceiling that is to be transferred using RTGS System?
1) Rs 50000
2) Rs 100000
3) Rs 200000
4) Rs 300000
5) Rs 500000
Answer-3
Q3. The term NEFT stands for-
1) National Electronic Fund Transfer
2) National Electronic Funds Transfer
3) National Electronic Fraud Tracking
4) Net Emolument Funds Transfer
5) Net Emolument Funds Tracking
Answer-2
Q4. What is the upper ceiling that is to be transferred using NEFT system?
1) Rs 200000
2) Rs 300000
3) Rs 500000
4) Rs 1000000
5) No upper limit
Answer-5
Q5. Banking Ombudsman is defined under _______ of Banking Regulation Act 1949.
1) Section 32 B
2) Section 33 B
3) Section 33 A
4) Section 35 A
5) Section 34 A
Answer-4
Q6. The decision of Banking ombudsman is called-
1) Honour
2) Penalty
3) Order
4) Achievement
5) Award
Answer-5
Q7. Banking Codes and Standards Board of India (BCSBI) is headquartered in -
1) Jaipur
2) Chennai
3) Kolkata
4) Mumbai
5) New Delhi
Answer-4
Q8. BCSBI was recommended by which committee?
1) Bimal Jalan
2) B.Shivaraman
3) S.S.Tarapore
4) Soma Verma
5) Narsimhan
Answer-3
Q9. ORANGE Label ATM refers to-
1) Provided for Agricultural Transaction
2) Provided for Share Transactions
3) Provided for E-commerce
4) Provided for women banking
5) Provided for Minor banking
Answer-2
Q10. Expand the term SWIFT-
1) Society for Worldwide Interbank Financial Transactions
2) Security of Worldwide Interbank Financial Transactions
3) Society for Worldwide Intrabank Financial Transactions
4) Security of Worldwide Intrabank Financial Transactions
5) Society for Worldwide Interbank Fiscal Treaties
Answer-1
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