Economics MCQs

Banking Questions with solutions MCQs

1. ____ is the first bank in India to launch a mobile application for opening a current account.

A

ICICI Bank

B

Bank of Baroda

C

IndusInd Bank

D

HDFC Bank

Banking JKPSI 2022 CBT
Correct Answer : C
Explanation :

IndusInd Bank has recently launched a mobile application-based facility for opening a current account, thereby becoming the first bank in the country to do so.

Correct Answered :

Wrong Answered :

2. What is the maximum insurance provided for bank deposits?

A

1 Lakh

B

2.5 Lakh

C

5 Lakh

D

7 Lakh

Banking JKPSI 2022 CBT VERIFIED
Correct Answer : C
Explanation :

Each depositor in a bank is insured upto a maximum of ₹ 5,00,000 (Rupees Five Lakhs) for both principal and interest amount held by him in the same right and same capacity as on the date of liquidation/cancellation of bank`s licence or the date on which the scheme of amalgamation/merger/reconstruction comes into force.

Correct Answered :

Wrong Answered :

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