MCQOPTIONS
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MCQOPTIONS
This section includes 25 Mcqs, each offering curated multiple-choice questions to sharpen your Banks Gk knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The government wants to provide public sector banks "right to the passage". What is the right to the passage? |
| A. | the banks can raise equity capital through rights issue. |
| B. | the banks can seize the hypothecated goods. |
| C. | the banks can raise tier 1 capital |
| D. | the banks can issue various bonds |
| Answer» B. the banks can seize the hypothecated goods. | |
| 2. |
In case of joint accounts who can stop the payment? |
| A. | by two account holders together |
| B. | any one of the account holders singly. |
| C. | all the account holders with permission of the bank. |
| D. | no one can stop the payment |
| Answer» C. all the account holders with permission of the bank. | |
| 3. |
A saving bank account becomes dormant or inoperative if there is no operation in the account for the last:- |
| A. | 1 year |
| B. | 8 moths |
| C. | 6 months |
| D. | 2 years. |
| Answer» D. 2 years. | |
| 4. |
If a customer does not get satisfactory responses from the bank regarding his complaint he can approach the banking ombudsman with in how much time? |
| A. | 15 days |
| B. | 10 days |
| C. | 1 month |
| D. | 2moths. |
| Answer» D. 2moths. | |
| 5. |
Where is India's first operational SEZ located? |
| A. | Ahmedabad |
| B. | Surat |
| C. | Jaipur |
| D. | Indore |
| Answer» E. | |
| 6. |
What is the maximum population limit for a commercial bank branch to be declared as a rural branch? |
| A. | 1 lac |
| B. | 2 lac |
| C. | 4 lac |
| D. | 5 lac |
| Answer» B. 2 lac | |
| 7. |
With reference to banking the 15th day of the month is known as :- |
| A. | banking day |
| B. | customer's day |
| C. | complaint day |
| D. | non banking day |
| Answer» C. complaint day | |
| 8. |
According to banking regulation act RBI can fix SLR up to the limit of:- |
| A. | 40% |
| B. | 50% |
| C. | 60% |
| D. | 75% |
| Answer» B. 50% | |
| 9. |
The first bank to gain license from RBI for internet banking is:- |
| A. | PNB |
| B. | SBI |
| C. | corporation bank |
| D. | Oriental bank of commerce |
| Answer» B. SBI | |
| 10. |
The term currency of India refers to:- |
| A. | one rupee notes and coins |
| B. | bank notes issued by RBI |
| C. | both of them |
| D. | All Above |
| Answer» B. bank notes issued by RBI | |
| 11. |
Which of the following will be termed as cross-selling by banks? |
| A. | only i |
| B. | i and ii |
| C. | ii and iii |
| D. | all of the above |
| Answer» E. | |
| 12. |
Interest on savings bank account is now calculated by banks on:- |
| A. | minimum balance during the month |
| B. | minimum balance from 7th to last day of the month |
| C. | maximum balance during the month |
| D. | daily product basis |
| Answer» E. | |
| 13. |
largest shareholder of a nationalized bank is:- |
| A. | RBI |
| B. | NABARD |
| C. | Govt. of India |
| D. | ministry of finance |
| Answer» D. ministry of finance | |
| 14. |
Which of the following is not considered a money market instrument? |
| A. | treasury bills |
| B. | repurchase agreement |
| C. | commercial paper |
| D. | shares and bonds |
| Answer» D. shares and bonds | |
| 15. |
For resolving the complaints of customers, ombudsman charges:- |
| A. | charges Rs. 500 |
| B. | charges Rs. 1000 |
| C. | charge of Rs. 100 deducted from bank account |
| D. | does not charge any fees |
| Answer» E. | |
| 16. |
Committee related with the merger of RRbs with their sponsor bank is:- |
| A. | Khusro committee |
| B. | khan committee |
| C. | malegam committee |
| D. | narsimhan committee |
| Answer» B. khan committee | |
| 17. |
What defines commercial paper? |
| A. | long term debt issued by private corporations |
| B. | short term and unsecured promissory notes issued by corporations with very high credit rating standings |
| C. | savings instrument in which funds must remain on deposit for a specified period |
| D. | a and c |
| Answer» C. savings instrument in which funds must remain on deposit for a specified period | |
| 18. |
Which body regulates microfinance? |
| A. | RBI |
| B. | IBA |
| C. | NABARD |
| D. | NABARD |
| Answer» D. NABARD | |
| 19. |
The total number of stock exchanges in India is:- |
| A. | 21 |
| B. | 22 |
| C. | 23 |
| D. | 24 |
| Answer» D. 24 | |
| 20. |
Payment of a cheque cannot be made on a cash counter of the bank if the cheque is:- |
| A. | bearer |
| B. | cross |
| C. | order |
| D. | all of the above |
| Answer» C. order | |
| 21. |
High powered money is:- |
| A. | bank's reserves at central bank |
| B. | all loans and advances of banks |
| C. | money held by banks |
| D. | currency held by public and reserves with the central bank. |
| Answer» B. all loans and advances of banks | |
| 22. |
In the context of investment, what are A, AA+, and AAA+? |
| A. | stock exchange index |
| B. | credit ratings |
| C. | market stability index |
| D. | profit equity index |
| Answer» C. market stability index | |
| 23. |
Non-performing assets are those assets that are overdue for a period of more than? |
| A. | 90 days in interest and/or installment in term loan |
| B. | 90 days out of order in case of over draft or cash credit, bills purchased and bills discounted. |
| C. | 2 harvest seasons for advances for cultivation of short duration crops. |
| D. | all of the above |
| Answer» E. | |
| 24. |
The special importance of banks among financial institutions comes from:- |
| A. | their large and heavy transactions |
| B. | their positions as suppliers of money |
| C. | their power to create money |
| D. | their influence on the economy |
| Answer» D. their influence on the economy | |
| 25. |
Which report is published by World Bank every year? |
| A. | human development report |
| B. | world development report |
| C. | international finance and development report |
| D. | world trade development report |
| Answer» C. international finance and development report | |