MCQOPTIONS
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MCQOPTIONS
This section includes 180 Mcqs, each offering curated multiple-choice questions to sharpen your GK knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
16 Which of these banks was nationalized in 1969? |
| A. | Andhra Bank |
| B. | Vijaya Bank |
| C. | Punjab and Sind Bank |
| D. | Oriental Bank of Commerce. |
| E. | None of these |
| Answer» F. | |
| 52. |
17 Which of these banks was not associated with the State Bank of India in 1959? |
| A. | State Bank of Patna |
| B. | State Bank of Indore |
| C. | State Bank of Bikaner |
| D. | State Bank of Hyderabad |
| E. | State Bank of Jaipur |
| Answer» B. State Bank of Indore | |
| 53. |
For using safe deposit locker facility, bank customer's pay______ . |
| A. | Interest on locker |
| B. | Rent on locker |
| C. | Commission on locker |
| D. | Safe custody charges |
| E. | None of these |
| Answer» C. Commission on locker | |
| 54. |
Which among the following statements is not true about the Banking Ombudsman (BO)? |
| A. | BO was first setup in UK. |
| B. | He hears customers ' complaints against banks |
| C. | Tenure of BO is 3 years at a time. |
| D. | RBI started this scheme in 1995. |
| E. | None of these |
| Answer» E. None of these | |
| 55. |
The situation with increasing unemployment and inflation is termed as: |
| A. | Deflation |
| B. | Galloping inflation |
| C. | Hyper inflation |
| D. | Stagflation |
| E. | None of these |
| Answer» E. None of these | |
| 56. |
What will happen if a bank fails to honour a bank draft? |
| A. | The amount of the draft will be forfeited |
| B. | The beneficiary of the draft will have to pay |
| C. | The drawer of the draft will have to pay |
| D. | The drawer of the draft will have to pay |
| E. | None of the above |
| Answer» E. None of the above | |
| 57. |
The percentage of the Adjusted Net Bank Credit (ANBC) that has to be extended to the Micro Enterprises under the Priority Sector Lending is |
| A. | 7% |
| B. | 8% |
| C. | 10.5% |
| D. | 7.5% |
| E. | None of the above |
| Answer» E. None of the above | |
| 58. |
What is the maximum loan amount that can be extended to an individual under the priority sector for solar power operations? |
| A. | Rs 10 lakhs |
| B. | Rs 20 lakhs |
| C. | Rs 25 lakhs |
| D. | Rs 30 lakhs |
| E. | None of the above |
| Answer» B. Rs 20 lakhs | |
| 59. |
If money is lent or borrowed for only one day the same is known as |
| A. | Call money |
| B. | Notice money |
| C. | Term money |
| D. | Coupon money |
| E. | None of the above |
| Answer» B. Notice money | |
| 60. |
The Lead Bank Scheme was introduced in the year |
| A. | 1969 |
| B. | 1970 |
| C. | 1972 |
| D. | 1975 |
| E. | 1965 |
| Answer» B. 1970 | |
| 61. |
Banks have to compensate the customers within _______________ of a failed transaction at an ATM. |
| A. | 7 days |
| B. | 15 days |
| C. | 21 days |
| D. | 14 days |
| E. | None of the above |
| Answer» B. 15 days | |
| 62. |
The BHIM Application is available in _______________ languages at present. |
| A. | 20 |
| B. | 14 |
| C. | 15 |
| D. | 19 |
| E. | 21 |
| Answer» B. 14 | |
| 63. |
Which among the following is used in order to check the Aadhaar Card seeding details in an account? |
| A. | MMID |
| B. | QSAM |
| C. | NACH |
| D. | IMPS |
| E. | None of the above |
| Answer» C. NACH | |
| 64. |
If money is lent or borrowed for a period of more than 14 days, it is known as |
| A. | Term money |
| B. | Term money |
| C. | Call money |
| D. | Fixed Money |
| E. | None of the above |
| Answer» B. Term money | |
| 65. |
Which among the following cannot take part in raising funds from the money market in India? |
| A. | Scheduled Commercial Banks |
| B. | Regional Rural Banks |
| C. | Cooperative Banks |
| D. | Both B and C |
| E. | All are eligible |
| Answer» E. All are eligible | |
| 66. |
What is the minimum denomination of the treasury bills issued by the government? |
| A. | Rs 50000 |
| B. | Rs 1 lakh |
| C. | Rs 2 lakhs |
| D. | Rs 25000 |
| E. | None of the above |
| Answer» E. None of the above | |
| 67. |
The additional fee that is levied on the RTGS transactions conducted in the third window of 1 pm 6 pm above the processing charge is |
| A. | Rs 4 |
| B. | Rs 5 |
| C. | Rs 10 |
| D. | Rs 25 |
| E. | There is no such additional fee |
| Answer» C. Rs 10 | |
| 68. |
In the IFSC Code, which among the following denotes name of the bank concerned? |
| A. | First five characters |
| B. | First four characters |
| C. | First three characters |
| D. | First six characters |
| E. | Last seven characters |
| Answer» C. First three characters | |
| 69. |
Which of the following will set up core banking infrastructure for rural banks? |
| A. | SIDBI |
| B. | IBA |
| C. | RBI |
| D. | SBI |
| E. | NABARD |
| Answer» F. | |
| 70. |
Which of the following is/are the objective(s) of our monetary policy? |
| A. | Only (A) |
| B. | All (A), (B) and (C) |
| C. | Both (A) and (C) |
| D. | Only (B) |
| E. | None of these |
| Answer» C. Both (A) and (C) | |
| 71. |
Which of the following is the reason owing to which Government charges export duty on some export items? |
| A. | To get benefit from high international prices |
| B. | To improve the tax collection targets |
| C. | It is as per the international practices. |
| D. | To ensure the smooth availability of the items in India |
| E. | None of these |
| Answer» E. None of these | |
| 72. |
Which of the following terms is NOT used in banking? |
| A. | Debit Card |
| B. | Credit Card |
| C. | Kisan Card |
| D. | ELISA Test |
| E. | None of these |
| Answer» E. None of these | |
| 73. |
FIMMDA stands for |
| A. | Foreign Investment Markets and Derivatives Market Association |
| B. | Fixed Income Money Markets and Derivatives Association |
| C. | Fixed Income and Money Market Development Association |
| D. | Floating Income and Money Markets Derivative Assets |
| E. | None of these |
| Answer» C. Fixed Income and Money Market Development Association | |
| 74. |
Banking and financial services all over the world are regulated usually by the Monetary Authority of the land. Who controls this function in India? |
| A. | Ministry of Finance |
| B. | SEBI |
| C. | RBI |
| D. | IRDA |
| E. | FEDAI |
| Answer» D. IRDA | |
| 75. |
Banks make frequent changes in their product profile including introduction of new products etc. This is called |
| A. | Product Control |
| B. | Product enhancement |
| C. | Product marketing |
| D. | Product enrichment |
| E. | None of these |
| Answer» C. Product marketing | |
| 76. |
Which of the following agencies is providing Unique Identity Cards to all Indian Residents? |
| A. | Election Commission of India |
| B. | Ministry of Foreign Affairs |
| C. | Govt of Maharashtra |
| D. | Border Security Force |
| E. | None of these |
| Answer» C. Govt of Maharashtra | |
| 77. |
Which of the following is covered in the list of services for service tax purposes? |
| A. | Only (A) |
| B. | Only (B) |
| C. | Only (C) |
| D. | Both (A) and (C) |
| E. | All (A), (B) and (C) |
| Answer» F. | |
| 78. |
Which of the following groups represent key industries? |
| A. | Only (A) |
| B. | Only (B) |
| C. | Only (A) and (B) |
| D. | Only (C) |
| E. | All (A), (B) and (C) |
| Answer» E. All (A), (B) and (C) | |
| 79. |
Medium-term loans are provided for a period of _____. |
| A. | 15 months to 4 years |
| B. | 1 year to 3 years |
| C. | 1 year to 2 years |
| D. | 15 months to 3 years |
| Answer» C. 1 year to 2 years | |
| 80. |
Which of the following rate is charged by banks to their most credit-worthy customers? |
| A. | Bank Rate |
| B. | Repo Rate |
| C. | Prime Lending Rate |
| D. | Statutory Liquidity Rate |
| Answer» D. Statutory Liquidity Rate | |
| 81. |
When the prices of commodities, goods and services start declining consistently, the phenomenon is known as: |
| A. | Discount field |
| B. | Deflation |
| C. | Negative growth |
| D. | Market capitalism |
| Answer» C. Negative growth | |
| 82. |
Which bank has tied up with Mumbai Metro to launch One Mumbai Metro Card powered by Mastercard, to ensure contactless and cashless travel for Mumbaikars? |
| A. | HDFC Bank |
| B. | IndusInd Bank |
| C. | Axis Bank |
| D. | Yes Bank |
| E. | ICICI Bank |
| Answer» D. Yes Bank | |
| 83. |
Which digital payment digital payment platform has tied up with a clutch of leading Indian banks to offer tokenized card services to customers on its UPI app? |
| A. | Mobikwik |
| B. | PhonePe |
| C. | Google Pay |
| D. | Amazon Pay |
| E. | Paytm |
| Answer» D. Amazon Pay | |
| 84. |
Which of the following is /are benefits of insurance? |
| A. | It protects the capital in industry and releases the capital for further expansion. |
| B. | It removes fear, worry and anxiety associated with one s future. |
| C. | It helps in earning foreign exchange. |
| D. | It leads to development of a nation. |
| E. | All of the above |
| Answer» F. | |
| 85. |
The term Risk does not include which of the following? |
| A. | Loss suffered |
| B. | Expected loss |
| C. | Impact of loss |
| D. | Probability of loss |
| E. | None of the above |
| Answer» B. Expected loss | |
| 86. |
Which of the following is the best definition of the term Assurance? |
| A. | It is a financial product offered by a company. |
| B. | It includes protection against an event that may happen. |
| C. | It provides cover against a specific risk. |
| D. | It includes protection against an event that is bound to happen. |
| E. | None of the above |
| Answer» E. None of the above | |
| 87. |
Insurance is one of the major forms of risk transfer, and it permits uncertainty to be replaced by certainty. |
| A. | Risk management |
| B. | Risk Transfer |
| C. | Risk Pooling |
| D. | Risk retention |
| E. | None of the above |
| Answer» C. Risk Pooling | |
| 88. |
Reducing the amount of loss is known as |
| A. | Risk minimizing |
| B. | Loss Reduction |
| C. | Loss prevention |
| D. | Loss lowering |
| E. | None of the above |
| Answer» C. Loss prevention | |
| 89. |
Who is the new RBI Governor? |
| A. | Raghuram Rajan |
| B. | Shaktikanta Das |
| C. | Urjit Patel |
| D. | Upasna Roy |
| E. | None of the above |
| Answer» C. Urjit Patel | |
| 90. |
FSR stands for |
| A. | Fiscal Standard Report |
| B. | Financial Stability Report |
| C. | Foreign Stressed Reserves |
| D. | Financially Stressed Reserves |
| E. | Final Stable Report |
| Answer» C. Foreign Stressed Reserves | |
| 91. |
The five pronged approach called SASHAKT to deal with NPAs in banks was recommended by |
| A. | Sunil Mehta Committee |
| B. | Priyanka Deshmukh committee |
| C. | Urjit Patel Committee |
| D. | Abhijit Sen Committee |
| E. | Bimal Jalan Committee |
| Answer» B. Priyanka Deshmukh committee | |
| 92. |
The compounding frequency of the Kisan Vikas Patra scheme is- |
| A. | Monthly |
| B. | Monthly and Paid |
| C. | Semi-annually |
| D. | Quarterly |
| E. | Annually |
| Answer» F. | |
| 93. |
The Ayushman Bharat-National Health Protection Mission is to integrate which of the following centrally sponsored schemes?I . Rashtriya Swasthya Bima YojanaII. Pradhan Mantri Vaya Vandana YojanaIII. Varishtha Pension Bima Yojana.IV. Senior Citizen Health Insurance Scheme. |
| A. | Only I and IV |
| B. | Only II and III |
| C. | Only I, II and IV |
| D. | Only II, III and IV |
| E. | All of the above |
| Answer» B. Only II and III | |
| 94. |
Which of the following offers reinsurance services in India? |
| A. | General Insurance Corporation |
| B. | Life Insurance Corporation |
| C. | United India Insurance |
| D. | National Insurance Company |
| E. | None of the above |
| Answer» B. Life Insurance Corporation | |
| 95. |
Which of the following is/are insurance repository/ies in India?I. CDSLII. NSDLIII. CISRIV. RBI |
| A. | Only I and II |
| B. | Only II and III |
| C. | Only I, II and IV |
| D. | Only II, III and IV |
| E. | Only I, III and IV |
| Answer» B. Only II and III | |
| 96. |
In which year was the General Insurance Business nationalized in India? |
| A. | 1972 |
| B. | 1973 |
| C. | 1975 |
| D. | 1976 |
| E. | None of the above |
| Answer» C. 1975 | |
| 97. |
The Insurance Repository system was launched by the IRDA in which year? |
| A. | 2012 |
| B. | 2013 |
| C. | 2014 |
| D. | 2015 |
| E. | 2018 |
| Answer» C. 2014 | |
| 98. |
In which market form, a market or industry is dominated by a few firms? |
| A. | Monopoly |
| B. | Oligopoly |
| C. | Perfect Competition |
| D. | None of the above |
| Answer» C. Perfect Competition | |
| 99. |
Which amongst the following is not a component of monetary policy in India? |
| A. | Credit Rating |
| B. | Public Debt |
| C. | Repo rate |
| D. | Moral suasion |
| Answer» C. Repo rate | |
| 100. |
Which one of the following is not an instrument of credit control in India? |
| A. | Open Market operations |
| B. | Variable cost reserve ratios |
| C. | Rationing of credit |
| D. | Direct Action |
| Answer» C. Rationing of credit | |