MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Which of the following terms appropriately explains the role of banks in an economy? |
| A. | Financial conglomerate |
| B. | Holding companies |
| C. | Financial intermediaries |
| D. | Indigenous banking |
| E. | None of these |
| Answer» D. Indigenous banking | |
| 2. |
Sovereign Gold Bond(SGB) will be tradable on |
| A. | SEBI |
| B. | RBI |
| C. | NABARD |
| D. | Stock Exchange |
| E. | None of these |
| Answer» E. None of these | |
| 3. |
A banking Ombudsman will not entertain Credit Cards Complaints which are more than old. |
| A. | 3 months |
| B. | 6 months |
| C. | 9 months |
| D. | 12 months |
| E. | 16 months |
| Answer» E. 16 months | |
| 4. |
Crossing denotes |
| A. | that the cheque will not be paid across the counter but will be credited to the account of the holder |
| B. | that the cheque cannot be transferred by the payee named therein |
| C. | that the cheque will be paid through clearing only |
| D. | a direction to the paying bank to make payment of the cheque through a bank |
| E. | none of the above |
| Answer» E. none of the above | |
| 5. |
Now-a-days Banks are selling third partyproducts. Example of third party product is: |
| A. | Mutual funds |
| B. | Term deposits |
| C. | Credit cards |
| D. | All of these |
| E. | None |
| Answer» B. Term deposits | |
| 6. |
Reserve Bank of India (RBI) has asked banks to provide loans up to Rs. 3 lakh to Women Self- Help Group (SHG) at a discounted rate of per annum. |
| A. | 4% |
| B. | 6% |
| C. | 7% |
| D. | 9% |
| E. | 5% |
| Answer» D. 9% | |
| 7. |
Stock Exchanges generally work in - |
| A. | Primary Market |
| B. | Secondary Market |
| C. | Money Market |
| D. | Financial Market |
| E. | None of the above |
| Answer» C. Money Market | |
| 8. |
BFS stands for- |
| A. | Board for First Supervision |
| B. | Bureau for Financial Supervision |
| C. | Board for Financial Supervision |
| D. | Board for Financial System |
| E. | Board for Financial Service |
| Answer» D. Board for Financial System | |
| 9. |
Interest will be credited to the bank account of the investor of Sovereign Gold Bond. |
| A. | Semi-monthly |
| B. | Semi-annually |
| C. | Quarterly |
| D. | All of these |
| E. | None of these |
| Answer» C. Quarterly | |
| 10. |
What is the headquarters of Canara Bank? |
| A. | Mangalore |
| B. | Bengaluru |
| C. | Chennai |
| D. | Manipal |
| E. | Hyderabad |
| Answer» C. Chennai | |
| 11. |
A debt which is irrecoverable and is therefore written off as loss in the accounts of an institution or bank is known as |
| A. | External debt |
| B. | Good debt |
| C. | Bad debt |
| D. | Internal debt |
| E. | All of the above |
| Answer» D. Internal debt | |
| 12. |
NBFCs consist of |
| A. | Equipment Leasing Company and Investment Company |
| B. | Hire purchase Finance Company and Mutual Benefit Finance Company |
| C. | all of the above |
| D. | None of the above |
| E. | collection of funds from a larger of investors |
| Answer» E. collection of funds from a larger of investors | |
| 13. |
―Experience our expertise‖ is the tagline of . |
| A. | Kotak Mahindra Bank |
| B. | HDFC Bank |
| C. | Yes Bank |
| D. | Citi Union Bank |
| E. | None of these |
| Answer» D. Citi Union Bank | |
| 14. |
If the RBI increase reverse repo rate, consequently |
| A. | Banks will have less money to lend |
| B. | Banks will have more money to lend |
| C. | Banks will decrease interest rates |
| D. | Liquidity in the economy will increase |
| E. | None of these |
| Answer» B. Banks will have more money to lend | |
| 15. |
The RIDF is a fund maintained by theNational Bank for Agriculture and Rural Development (NABARD). What does the letter ―R‖ denote in the term RIDF? |
| A. | Regional |
| B. | Rural |
| C. | Referral |
| D. | Railway |
| E. | Rehabilitation |
| Answer» C. Referral | |
| 16. |
A banking system where all operations are confined to a single office is known as |
| A. | Unit Banking |
| B. | Group Banking |
| C. | Chain Banking |
| D. | Branch Banking |
| E. | None of these |
| Answer» B. Group Banking | |
| 17. |
Which of the following public sector bank emblem figures a dog and the words ‗faithful, friendly‘ in it? |
| A. | Punjab National Bank |
| B. | SBI |
| C. | Oriental Bank of Commerce |
| D. | Syndicate bank |
| E. | None of these |
| Answer» E. None of these | |
| 18. |
A financial contract that derives its value from another asset or an index of asset values is known as |
| A. | Insurance Policy |
| B. | Security |
| C. | Derivative |
| D. | Share |
| E. | None of the above |
| Answer» D. Share | |
| 19. |
Which of the following is important part of National Pension System (NPS)? |
| A. | Asset allocation |
| B. | Tax collection |
| C. | Fund management |
| D. | Both (a) and (c) |
| E. | Both (b) and (c) |
| Answer» E. Both (b) and (c) | |
| 20. |
The number of lead merchant bankers may not exceed in case any issue of, issue size 200crore to 400crore? |
| A. | 4 |
| B. | 3 |
| C. | 6 |
| D. | 5 |
| E. | None of these |
| Answer» E. None of these | |
| 21. |
Which of the following has most of the bank branches? |
| A. | Allahabad Bank |
| B. | HDFC Bank |
| C. | ICICI Bank |
| D. | State Bank of India |
| E. | None of these |
| Answer» E. None of these | |
| 22. |
Nomination can be given only for: |
| A. | Individuals |
| B. | Joint Individuals |
| C. | Limited Companies |
| D. | Only A, and B |
| E. | None of the above |
| Answer» E. None of the above | |
| 23. |
Infrastructure Finance Company(IFC) has a minimum Net Owned Funds of |
| A. | 100 Crore |
| B. | 150 Crore |
| C. | 250 Crore |
| D. | 300 Crore |
| E. | 350 Crore |
| Answer» E. 350 Crore | |
| 24. |
How many banks are presently associated of State Bank of India? |
| A. | Eight |
| B. | Seven |
| C. | Six |
| D. | Five |
| E. | Four |
| Answer» E. Four | |
| 25. |
Which among the following is not under the control of central banking authority? |
| A. | Monetary control |
| B. | Management of government debts |
| C. | Lender of last resort to banks |
| D. | Banker to government |
| E. | Equity market and debt market supervision and control |
| Answer» F. | |
| 26. |
With effect from 1st July 2010, interest rates of Banks are linked to which of the following? |
| A. | Base Rate |
| B. | Benchmark Prime Lending Rate |
| C. | Bank Rate |
| D. | Repo Rate |
| E. | None of the above |
| Answer» B. Benchmark Prime Lending Rate | |
| 27. |
Which bank was the sponsor of PrathamaGramin Bank? |
| A. | Bank of Baroda |
| B. | Indian Bank |
| C. | Punjab National Bank |
| D. | Syndicate Bank |
| E. | None of these |
| Answer» E. None of these | |
| 28. |
Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of : |
| A. | 2 years |
| B. | 4 years |
| C. | 5 years |
| D. | 6 years |
| E. | None of the above |
| Answer» D. 6 years | |
| 29. |
Multilated Notes are? |
| A. | Notes which are in pieces and/or of which the essential portions are missing |
| B. | Any bank note, which is wholly or partially, obliterated, shrunk |
| C. | Notes which are washed, altered or Indecipherable |
| D. | Notes which are wholly or partially, obliterated, shrunk, washed, altered or indecipherable |
| E. | None of these |
| Answer» B. Any bank note, which is wholly or partially, obliterated, shrunk | |
| 30. |
is the duty applied by agovernment to control the exports of an article of trade, so that the article of trade can be used by the local markets rather than in foreign countries. |
| A. | Customs duty |
| B. | Excise duty |
| C. | Anti-dumping duty |
| D. | Dumping duty |
| E. | None of these |
| Answer» B. Excise duty | |
| 31. |
The Head Office of National Housing Bank is in |
| A. | Kolkata |
| B. | Bangalore |
| C. | New Delhi |
| D. | Mumbai |
| E. | None of these |
| Answer» D. Mumbai | |
| 32. |
The Reserve Bank of India (RBI) has decided to slash clearance time for NEFT in an attempt to enhance the efficiency of the electronic payment system and add to customer convenience. What is the meaning of "E" in NEFT? |
| A. | Easily |
| B. | Electricals |
| C. | Every |
| D. | Essential |
| E. | Electronic |
| Answer» F. | |
| 33. |
We can open a saving bank account in the sole name of a minor if he completes age of ? |
| A. | 6 |
| B. | 10 |
| C. | 18 |
| D. | 21 |
| E. | None of the above |
| Answer» C. 18 | |
| 34. |
When did the nationalisation of major banks happen? |
| A. | June, 1951 |
| B. | June, 1961 |
| C. | June, 1969 |
| D. | July, 1969 |
| E. | None of these |
| Answer» E. None of these | |
| 35. |
Where are the headquarters of EFTA located? |
| A. | Geneva |
| B. | Brussels |
| C. | Stockholm |
| D. | Vienna |
| E. | None of these |
| Answer» C. Stockholm | |
| 36. |
DEPB (Duty Entitled Passbook) scheme which ended in September 2011 was related to- |
| A. | Foreign direct investment |
| B. | Foreign institutional investment |
| C. | Export promotion |
| D. | Import substitution |
| E. | None of the above |
| Answer» D. Import substitution | |
| 37. |
Production is |
| A. | Destruction of Utility |
| B. | Creation of Value |
| C. | Creation of Utility |
| D. | Manufacture of goods |
| E. | None of these |
| Answer» D. Manufacture of goods | |
| 38. |
Axis Bank, in collaboration with the e-retailer has launched ‗Axis Bank Buzz Credit Card‘ payment solution in an attempt to enhance the customer‘s online shopping experience |
| A. | Flipkart |
| B. | Amazon |
| C. | Abof |
| D. | Infibeam |
| E. | None of these |
| Answer» B. Amazon | |
| 39. |
Which of the following was the first bank to introduce the concept of the ATM in India way back in 1987? |
| A. | Citibank |
| B. | HSBC |
| C. | Deutsche Bank |
| D. | Standard Chartered |
| E. | Barclays Bank |
| Answer» C. Deutsche Bank | |
| 40. |
What do you mean by Mortgage? |
| A. | A security created on immovable property for a deposit received by a bank |
| B. | A security created on immovable property for a loan given by a bank |
| C. | A facility created on movable property for a deposit received by a bank |
| D. | A security created on movable property for a loan given by a bank |
| E. | None of the above |
| Answer» C. A facility created on movable property for a deposit received by a bank | |
| 41. |
Which of the following bank headquarters not in New Delhi? |
| A. | Oriental Bank of Commerce |
| B. | Bank of India |
| C. | Bhartiya Mahila Bank |
| D. | Punjab & Sind Bank |
| E. | None of these |
| Answer» C. Bhartiya Mahila Bank | |
| 42. |
The largest public sector commercial bank of India is the |
| A. | Bank of India |
| B. | RBI |
| C. | SBI |
| D. | Union bank of India |
| E. | None of these |
| Answer» D. Union bank of India | |
| 43. |
Base Rate is the rate below which no Bank can allow their lending to anyone. Who will fix this‗Base Rate‘ for Banks? |
| A. | Individuals Banks Board |
| B. | Ministry of Commerce |
| C. | Ministry of Finance |
| D. | RBI |
| E. | Interest Rate Commission of India |
| Answer» B. Ministry of Commerce | |
| 44. |
An average citizen cannot a savings account in which of the following? |
| A. | Commercial Bank |
| B. | Post office |
| C. | Cooperative bank |
| D. | RBI |
| E. | None of these |
| Answer» E. None of these | |
| 45. |
E.P.S. in share market stands for: |
| A. | Earnings Per Share |
| B. | Electronic Payment System |
| C. | Employee Pension Scroll |
| D. | Equated Payment System |
| E. | None of these |
| Answer» B. Electronic Payment System | |
| 46. |
Which of the following agencies is associated with the business of Insurance sector as a regulator? |
| A. | NPCI |
| B. | IRDA |
| C. | SEBI |
| D. | AMFI |
| E. | None of these |
| Answer» C. SEBI | |
| 47. |
Each Regional Rural Bank is managed by ? |
| A. | Board of Directors |
| B. | Reserve Bank |
| C. | Sponsoring commercial bank |
| D. | None of the above |
| E. | None of these |
| Answer» B. Reserve Bank | |
| 48. |
Banks allow some important customers to withdraw without clear credit balance. Such facility is known as: |
| A. | Zero balance |
| B. | Current Account |
| C. | Overdraft |
| D. | Demand draft |
| E. | Promissory |
| Answer» D. Demand draft | |
| 49. |
Financial institution that does not supervised by a national or international banking regulatory agency? |
| A. | NBFI |
| B. | IDBI |
| C. | ICICI |
| D. | Reserve Bank of India |
| E. | None of these |
| Answer» B. IDBI | |
| 50. |
The maximum Statutory Liquidity Ratio to be maintained by banks is |
| A. | 25% |
| B. | 30% |
| C. | 35% |
| D. | 40% |
| E. | None of these |
| Answer» E. None of these | |