3839 + Mcqs in Banking McqOptions

1.	In which denomination were India's first bimetallic coins issued in the year 2009?
A.	Rs. 100
B.	Rs. 5
C.	Rs. 10
D.	Re. 1
E.	None of these
Answer» D. Re. 1

Discussion

2.	Commercial banks provide locker facility to their customer for .
A.	Satisfying the Bank’s jewellry and gold needs.
B.	Filing important documents
C.	Safe custody
D.	Storing excess gold and valuables of banks
E.	None of these
Answer» D. Storing excess gold and valuables of banks

Discussion

3.	BIS stands for ?
A.	Bank for Insurance Supervision
B.	Bank for Income Settlements
C.	Bank for International settlements
D.	Bank for International school
E.	None of these
Answer» D. Bank for International school

Discussion

4.	Deposits under Foreign Currency Non- Resident(FCNR) scheme can be accepted for a minimum of
A.	15 days
B.	3 months
C.	6 months
D.	1 year
E.	7 days
Answer» E. 7 days

Discussion

5.	In which year does the Differential Rate of Interest Scheme was introduced?
A.	1972
B.	1982
C.	1978
D.	1988
E.	None of these
Answer» B. 1982

Discussion

6.	―We Make You Feel Richer‖ is the tagline of
A.	Nainital Bank
B.	Catholic Syrian Bank
C.	IndusInd Bank
D.	HDFC Bank
E.	None of these
Answer» D. HDFC Bank

Discussion

7.	Which bank are Public Sector Banks of India?
A.	More than 50 % stake held by government
B.	50 % stake held by government
C.	Less than 50 % stake held by government
D.	All of the above
E.	None of the above
Answer» B. 50 % stake held by government

Discussion

8.	is the macroeconomic policy laid down by the central bank.
A.	Monetary Policy
B.	Fiscal Policy
C.	Credit Score
D.	Credit Bureaus
E.	None of these
Answer» B. Fiscal Policy

Discussion

9.	The Lead Bank Scheme was introduced in the year ?
A.	1968
B.	1969
C.	1974
D.	1976
E.	None of the above
Answer» C. 1974

Discussion

10.	Who are the major players in the call money markets?
A.	Banks
B.	Insurance companies
C.	Development Financial Institutions
D.	Selected Mutual Funds
E.	All of the above
Answer» F.

Discussion

11.	Bank can grant Loans against..?
A.	LIC Policy
B.	CDs (Certificate of Deposits)
C.	FD issued by Other Bank
D.	Mutual Fund
E.	None of the Above
Answer» B. CDs (Certificate of Deposits)

Discussion

12.	Tagline of Punjab and Sindh Bank is
A.	The name you can bank upon
B.	where service is a way of life
C.	Relationships beyond Banking
D.	One Family One Bank
E.	None of these
Answer» C. Relationships beyond Banking

Discussion

13.	Foreign currencies are represented in various abbreviations. What is meant by USD ?
A.	UAE Dinar
B.	US Dollar
C.	Unit of Currency of Denmark
D.	Ukrainian Soviet Dollar
E.	None of these
Answer» C. Unit of Currency of Denmark

Discussion

14.	On 4th September, 1993. a loss making nationalised bank was merged with Punjab National Bank by government of India. The name of the bank was
A.	Lakshmi Was Bank
B.	New Bank of India
C.	Sangali Bank
D.	State Bank of Saurashtra
E.	State Bank of Indore
Answer» C. Sangali Bank

Discussion

15.	What do well can an arrangement whereby anissuing bank at the request of the importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents?
A.	bill of exchange
B.	letter of exchange
C.	letter of credit
D.	bill of country
E.	None of these
Answer» D. bill of country

Discussion

16.	The headquarters of local boards of RBI are located at :
A.	Mumbai, Kolkata, Chennai and New Delhi
B.	Mumbai, Jaipur, Chennai and Mysore
C.	Mumbai, Ahmedabad, Chennai and New Delhi
D.	Mumbai, Ahmedabad, Jaipur and New Delhi
E.	None of these
Answer» B. Mumbai, Jaipur, Chennai and Mysore

Discussion

17.	Which committee has recommended introduction of smart card?
A.	Rangarajan committee
B.	Saraf committee
C.	Nayak committee
D.	Pannieselvam committee
E.	None of these
Answer» C. Nayak committee

Discussion

18.	Masala bonds are Indian rupee denominated bonds issued in offshore capital markets. The RBI has reduced the minimum tenure of such bonds that an Indian company can, issue to
A.	one year
B.	two years
C.	three years
D.	four years
E.	five years
Answer» D. four years

Discussion

19.	What is the full form of ‗CRR‘ as used in banking sector ?
A.	Crucial Reserve Rate
B.	Credit & Reserve Ratio
C.	Compulsory Return Rate
D.	Cash Reserve Ratio
E.	None of these
Answer» E. None of these

Discussion

20.	The Head of Reserve Bank of India is?
A.	Chief Executive Officer
B.	Managing Director
C.	Chief Banking Officer
D.	Governor
E.	Other than the given options
Answer» E. Other than the given options

Discussion

21.	Which of the following bank launches India‘sfirst Mobile ATM?
A.	HDFC Bank
B.	Axis Bank
C.	ICICI Bank
D.	SBI
E.	None of These
Answer» D. SBI

Discussion

22.	The Rate at which the domestic currency canbe converted into foreign currency and vice versa is called as
A.	Inter Bank Money Rate
B.	LIBOR
C.	Repo Rate
D.	Exchange rate
E.	None of these
Answer» E. None of these

Discussion

23.	Which of the following rates are decided by the RBI called as ―Policy Rate‖?
A.	Cash reserve ratio
B.	Lending rate
C.	Bank rate
D.	Deposit rate
E.	None of these
Answer» B. Lending rate

Discussion

24.	The primary relationship between the banker and the customer is that of
A.	Trustee and beneficiary
B.	Debtor and creditor
C.	Principal and agent
D.	Lessor and lessee
E.	None of these
Answer» C. Principal and agent

Discussion

25.	What type of loan is granted by banks for purchase of the White Goods?
A.	Home Loan
B.	Jewel Loan
C.	Finance Loan
D.	Consumer Durables Loan
E.	Both a) And c)
Answer» E. Both a) And c)

Discussion

26.	Central Bank ofa county is also known as the-
A.	Federal bank
B.	Chief Commercial Bank
C.	Banker of banks
D.	Lead Bank
E.	None of these
Answer» D. Lead Bank

Discussion

27.	The RBI has authorized the Receivables Exchange of India (RXIL) to launch the country‘s first trade receivables exchange platform for MEMEs buyers and financiers. The RXIL is promoted by
A.	SIDBI
B.	NSE
C.	BSE
D.	NABARD
E.	Both a) and b)
Answer» F.

Discussion

28.	A financial contract that derives its value from another asset or an index of asset values in known as
A.	Insurance policy
B.	Security
C.	Derivative
D.	Share
E.	None of the above
Answer» D. Share

Discussion

29.	If the stock markets are declining then it is called as .
A.	Bull run
B.	Down run
C.	Bear run
D.	Stage
E.	None of these
Answer» D. Stage

Discussion

30.	Which of the following Rates/Ratios is not covered under the Monetary and Credit Policy of the RBI?
A.	Bank Rate
B.	Repo Rate
C.	Cash Reserve Ratio
D.	Exchange Rate of Foreign Currencies
E.	None of these
Answer» E. None of these

Discussion

31.	ESAF Small Finance Bank has launched a social deposit scheme called 'Hrudaya Deposit scheme‘ recently. Where is headquarter of ESAF Small Finance Bank?
A.	Tiruchirappalli, Tamil Nadu
B.	Udupi, Karnataka
C.	Thrissur, Kerala
D.	Kolhapur, Maharashtra
E.	None of the above
Answer» D. Kolhapur, Maharashtra

Discussion

32.	Banking Ombudsman services are available to:
A.	All Scheduled Commercial Banks
B.	Regional Rural Banks
C.	Scheduled Primary Co-operative Banks
D.	Only a & c
E.	All the above
Answer» F.

Discussion

33.	Federal Reserve is the central bank of :
A.	USA
B.	Japan
C.	India
D.	China
E.	None of these
Answer» B. Japan

Discussion

34.	Co-Operative Banks in India do not finance rural areas under .
A.	Personal Finance
B.	Small Scale Unit
C.	Farming
D.	Cattle
E.	None of these
Answer» C. Farming

Discussion

35.	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.	Minimum balance from 10th to last day of the month
D.	Maximum balance during the month
E.	Daily product basis
Answer» F.

Discussion

36.	Head Quarters of BIS?
A.	Basel, Switzerland
B.	Australia
C.	UK
D.	Japan
E.	None of these
Answer» B. Australia

Discussion

37.	Which of the following rates are reviewed by the RBI at the time of periodical review of the policy?1). Bank 2). Repo 3). Savings bank rate
A.	Only 1
B.	Only 2
C.	Both 1 and 2
D.	All the three
E.	None of these
Answer» E. None of these

Discussion

38.	In the financial sector there are many companies who are providing banking like activities though they are not recognized as banks. How is this particular type of activity known as?
A.	Informal banking
B.	Indigenous banking
C.	Shadow banking
D.	Development banking
E.	None of these
Answer» D. Development banking

Discussion

39.	Where are the headquarters of National Housing Bank?
A.	Lucknow
B.	Allahabad
C.	Mumbai
D.	New Delhi
E.	Kolkata
Answer» E. Kolkata

Discussion

40.	Which instrument cannot be transferred from one person to another by endorsement?
A.	Fixed Deposit Receipt
B.	Short deposit
C.	Deposit Receipt
D.	All of the above
E.	None of these
Answer» B. Short deposit

Discussion

41.	In the term STRIPS, the first letter ―S‟ denotes
A.	Single
B.	Small
C.	Special
D.	Savings
E.	Separate
Answer» F.

Discussion

42.	'BCSBI' Stands for :
A.	Banking Codes and Standards Boards of India
B.	Five
C.	Six
D.	Eight
E.	Three
Answer» B. Five

Discussion

43.	Bank holidays under Section 25 of theNegotiable Instruments Act, 1881 are declared by:
A.	State Government for the respective State
B.	Banking Operations Department
C.	Central Government
D.	RBI
E.	None of the above
Answer» E. None of the above

Discussion

44.	Which bank bagged the prestigious ‗Bank ofthe year‘ award 2015?
A.	HDFC bank
B.	ICICI bank
C.	Yes BankWhich bank has inst6alled
D.	IndusInd Bank
E.	None of these
Answer» D. IndusInd Bank

Discussion

45.	The main function of an Asset ManagementCompany is to:
A.	manage the securities of various schemes
B.	manage the funds by making investments in various types of securities
C.	manage property for the benefit of the unit holders
D.	All the above
E.	None of these.
Answer» C. manage property for the benefit of the unit holders

Discussion

46.	Relationship between the RBI and the bank maintaining currency chest will be of ?
A.	Trustee and beneficiary
B.	Creditor and debtor
C.	Licensor and licensee
D.	Principal and agent
E.	None of these
Answer» E. None of these

Discussion

47.	National Payments Corporation of India (NPCI) is being used by banks for .
A.	Remittance
B.	Clearing and settlement
C.	Payments and settlements
D.	Advisory service
E.	None of these
Answer» C. Payments and settlements

Discussion

48.	Which of the following statements is correct about banks?
A.	Banks cannot accept demand and time deposits from public.
B.	Banks can accept only time deposits from public.
C.	Banks can accept both demand and time deposits from public.
D.	Banks can accept demand and time deposits only from government.
E.	None of the above
Answer» D. Banks can accept demand and time deposits only from government.

Discussion

49.	Expand MAT related to tax?
A.	Minimum Additional Tax
B.	Maximum Alternative Tax
C.	Maximum Additional Tax
D.	Minimum Alternative Tax
E.	None of these
Answer» E. None of these

Discussion

50.	India‘s first indigenous payment gateway is
A.	India Payment
B.	India Pay
C.	India Rupee
D.	India Expenditure
E.	None of these
Answer» C. India Rupee

Discussion

Explore topic-wise MCQs in Testing Subject.

In which denomination were India's first bimetallic coins issued in the year 2009?

Commercial banks provide locker facility to their customer for .

BIS stands for ?

Deposits under Foreign Currency Non- Resident(FCNR) scheme can be accepted for a minimum of

In which year does the Differential Rate of Interest Scheme was introduced?

―We Make You Feel Richer‖ is the tagline of

Which bank are Public Sector Banks of India?

is the macroeconomic policy laid down by the central bank.

The Lead Bank Scheme was introduced in the year ?

Who are the major players in the call money markets?

Bank can grant Loans against..?

Tagline of Punjab and Sindh Bank is

Foreign currencies are represented in various abbreviations. What is meant by USD ?

On 4th September, 1993. a loss making nationalised bank was merged with Punjab National Bank by government of India. The name of the bank was

What do well can an arrangement whereby anissuing bank at the request of the importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents?

The headquarters of local boards of RBI are located at :

Which committee has recommended introduction of smart card?

Masala bonds are Indian rupee denominated bonds issued in offshore capital markets. The RBI has reduced the minimum tenure of such bonds that an Indian company can, issue to

What is the full form of ‗CRR‘ as used in banking sector ?

The Head of Reserve Bank of India is?

Which of the following bank launches India‘sfirst Mobile ATM?

The Rate at which the domestic currency canbe converted into foreign currency and vice versa is called as

Which of the following rates are decided by the RBI called as ―Policy Rate‖?

The primary relationship between the banker and the customer is that of

What type of loan is granted by banks for purchase of the White Goods?

Central Bank ofa county is also known as the-

The RBI has authorized the Receivables Exchange of India (RXIL) to launch the country‘s first trade receivables exchange platform for MEMEs buyers and financiers. The RXIL is promoted by

A financial contract that derives its value from another asset or an index of asset values in known as

If the stock markets are declining then it is called as .

Which of the following Rates/Ratios is not covered under the Monetary and Credit Policy of the RBI?

ESAF Small Finance Bank has launched a social deposit scheme called 'Hrudaya Deposit scheme‘ recently. Where is headquarter of ESAF Small Finance Bank?

Banking Ombudsman services are available to:

Federal Reserve is the central bank of :

Co-Operative Banks in India do not finance rural areas under .

Interest on savings bank account is now calculated by banks on?

Head Quarters of BIS?

Which of the following rates are reviewed by the RBI at the time of periodical review of the policy?1). Bank 2). Repo 3). Savings bank rate

In the financial sector there are many companies who are providing banking like activities though they are not recognized as banks. How is this particular type of activity known as?

Where are the headquarters of National Housing Bank?

Which instrument cannot be transferred from one person to another by endorsement?

In the term STRIPS, the first letter ―S‟ denotes

'BCSBI' Stands for :

Bank holidays under Section 25 of theNegotiable Instruments Act, 1881 are declared by:

Which bank bagged the prestigious ‗Bank ofthe year‘ award 2015?

The main function of an Asset ManagementCompany is to:

Relationship between the RBI and the bank maintaining currency chest will be of ?

National Payments Corporation of India (NPCI) is being used by banks for .

Which of the following statements is correct about banks?

Expand MAT related to tax?

India‘s first indigenous payment gateway is