5000 + Digital Banking MCQ Questions Answers for Bank Competitive Exams PDF for free download. Now a day Digital Banking is part of life and computer awareness questions from this topics are being asked in UPSC, SSC CGL and most of the competitive Exams. Digital Financial Question Answer are also very useful for NIELIT CCC Online Test.
5000 + Digital Banking Question Answer
The extract from the Digital banking questions PDF are given below:
Question : Which of the following is a function of SEBI?
A. To approve by−laws for stock exchanges in India.
B. Inspect the books of accounts of financial intermediaries.
C. To require the stock exchange to amend their by−laws.
D. Compel certain companies to list their shares in one or more stock exchanges.
E. All of the Above
Answer & Explanation
E. All of the Above
Question : An EEFC account (Exchange Earners‘ Foreign Currency Account) can be held only in the form of a __
A. Current Account
B. Savings Bank Account
C. loan Account
D. All of the Above
E. None of the Above
Answer
A. Current Account
Explanation: An EEFC(Exchange Earners‘ Foreign Currency Account) account can be held only in the form of a current account. Further, No interest is payable on EEFC accounts.
Question: The Monetary Authority in India, (Reserve Bank of India) is bound to maintain a reserve against the notes issued, Whatever may be the mount. This system is called as :
A. Minimum Reserve System
B. Proportional Reserve System
C. Maximum Fiduciary Issue system
D. Simple deposit system
E. None of the Above
Answer & Explanation
A. Minimum Reserve System
Explanation: The RBI follows a minimum reserve system in the note issue. Initially, it used to keep 40 per cent of gold reserves in its total assets.
Question : The largest shareholder of a nationalized bank is_______
A. RBI
B. Government of India
C. NABARD
D. All of the Above
E. None of the Above
Answer
B. Government of India
Explanation: Public Sector Banks (PSBs) are banks where a majority stake (i.e. more than 50%) is held by a government.
Question : Which of the following services is NOT provided by the post offices in India ?
A. Savings Bank Scheme
B. Retailing of Mutual Funds
C. Sale of stamp Papers (Judicial)
D. Issuance of Demand Drafts
E. Life Insurance cover
Answer & Explanation
D. Issuance of Demand Drafts
Explanation:
Issuance of Demand Drafts is NOT provided by the post offices in India.
Download : 5000 + Digital Banking Questions for Bank Exams PDF
PDF Name : 5000 + New Computer Question Answer
Medium : English
Useful for IBPS Bank, SSC, CCC Online Test
Special Feature : Digital Financial Questions
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