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Principles and Practices of Modern Banking Practice Test Questions
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Modern banking services include new products such as Core Banking Solutions; No frills account; Demat accounts; Net Banking/ E-Banking; Mobile banking; Debit Card/ Credit cards; Automated Teller Machines (ATM); Insurance etc.

Currently, the most common and useful technology based banking methods are online banking, Mobile banking, ATMs, Plastic money, core banking and so on.

Principles and Practices of Modern Banking Practice Test Questions
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25 Questions

1. The most important feature of a negotiable instrument is
2. The ATM pin is ———- digit code number used for authenticiating and authroizing the use of the ATM facility by a customer
3. In which year, Electronic Fund Transfer (EFT) was launched in India?
4. Maximum limit on the amount of individual transactions permitted for fund transfer per transaction is
5. ———— is a dead cheque.
6. The idea behind the bankers right to set-off is to enable the banker to reduce the ————– amount due to him from a customer
7. The ————– rule is followed in appropriation of accounts if neither debtor nor creditors does not makes any specific appropriation
8. A convenient way of making a purchase or paying for a service without holding cash is called as
9. ———-is popularly known as Plastic cards or Plastic money
10. An order cheque can be converted into a bearer cheque by means of
11. A cheque dated subsequent to the date of its issue is
12. A Cheque which is not crossed is called
13. Which section of Negotiable Instruments Act 1881, defines endorsement
14. EFT is introduced by
15. ________ is a technology that allows you to access your bank account from a mobile device.
16. KYC means
17. How many parties are mainly involved in Promissory Note?
18. —– has been introduced for the purpose of networking of banks.
19. ——— allows worldwide financial institutions to exchange standardized messages relating to international financial transaction
20. All banks having operations in India and intending to offer Internet Banking services to the public must obtain an approval for the same from
21. CRM stands for ____________.
22. Expand NEFT
23. Fixed deposits and recurring deposits are __________.
24. The meaning of the word “Garnishee” means
25. Which is the first change in banking sector of India after independence?

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