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. |
ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with |
| A. | Capital Market |
| B. | Loans |
| C. | World Bank Grants |
| D. | Ponzi Schemes |
| E. | None of these |
| Answer» B. Loans | |
| 2. |
SHCIL was established in 1986 under the Government of India as |
| A. | Private Ltd |
| B. | Public Ltd |
| C. | Limited Liability Partnership |
| D. | Unlimited company |
| E. | None of the Above |
| Answer» C. Limited Liability Partnership | |
| 3. |
The headquarters of Pension FundRegulatory and Development Authority (PFRDA) is? |
| A. | Mumbai |
| B. | Hyderabad |
| C. | New Delhi |
| D. | Bangalore |
| E. | None of these |
| Answer» D. Bangalore | |
| 4. |
Ashwani Kumar is the MD and CEO of |
| A. | Syndicate Bank |
| B. | Canara Bank |
| C. | Dena Bank |
| D. | Indian Overseas Bank |
| E. | None of these |
| Answer» D. Indian Overseas Bank | |
| 5. |
Foreign Trade Policy is Framed by : |
| A. | RBI |
| B. | EXIM Bank |
| C. | DGFT |
| D. | Ministry of Commerce, Government of India. |
| E. | None of these |
| Answer» E. None of these | |
| 6. |
Urban cooperative banks are controlled by and |
| A. | State government – RBI |
| B. | NABARD – RBI |
| C. | SEBI – RBI |
| D. | Central government – NABARD |
| E. | NABARD – state governments |
| Answer» C. SEBI – RBI | |
| 7. |
‗Rupay‘ is a domestic card scheme of |
| A. | VISA |
| B. | NPCI |
| C. | RBI |
| D. | NACH |
| E. | None of these |
| Answer» C. RBI | |
| 8. |
Where is the head office of Bank for International Settlements (BIS)? |
| A. | Zurich, Switzerland |
| B. | New York, USA |
| C. | Basel, Switzerland |
| D. | Berlin, Germany |
| E. | Geneva, Switzerland |
| Answer» D. Berlin, Germany | |
| 9. |
account is opened by the investor while registering with an investment broker. |
| A. | Fixed Deposit Account |
| B. | Savings Bank Account |
| C. | Recurring Account |
| D. | De-materialized Account |
| E. | None of these |
| Answer» E. None of these | |
| 10. |
Money loaned by a bank or other institution which is repayable on demand is called as ? |
| A. | Call Money |
| B. | Demand Loan |
| C. | Cash Credit |
| D. | Short Term Loan |
| E. | None of these |
| Answer» B. Demand Loan | |
| 11. |
Banking services provided to Special Economic Zones(SEZ) units have been exempted from |
| A. | Sales Tax |
| B. | Securities Transaction Tax – STT. |
| C. | Central Excise Duty |
| D. | Service Tax |
| E. | None of the Above |
| Answer» E. None of the Above | |
| 12. |
With reference to a cheque which of the following is the ‗drawee bank‘? |
| A. | The bank that collects cheque. |
| B. | The payee’s bank. |
| C. | The endorsee’s bank. |
| D. | The bank of the Drawer of the Cheque |
| E. | None of the above |
| Answer» E. None of the above | |
| 13. |
Which is the largest foreign bank working in India? |
| A. | Hong Kong and Shanghai Banking Corporation (HSBC) |
| B. | Standard Chartered Bank |
| C. | Citibank |
| D. | Barclays Bank |
| E. | Deutsche Bank |
| Answer» D. Barclays Bank | |
| 14. |
Short-term assets, representing amounts due toa vendor or suppliers of goods or services that were sold on credit terms is known as . |
| A. | Account Receivable |
| B. | Fixed Asset |
| C. | Deposit Asset |
| D. | Current Liabilities |
| E. | None of these |
| Answer» B. Fixed Asset | |
| 15. |
Under the Banking Regulation Act, 1949, which of the following is not qualified to be called as banks in the co-operative sector? |
| A. | Urban Co-operative banks |
| B. | State Co-operative banks |
| C. | Primary Agricultural Credit Societies |
| D. | Central Co-operative Banks |
| E. | None of the above |
| Answer» D. Central Co-operative Banks | |
| 16. |
Systematically Important Core Investment Company(CIC-ND-SI)/ CICs can not accept . |
| A. | Public Fund |
| B. | Deposit |
| C. | Public Deposit |
| D. | Both (B) and (C) |
| E. | None of these |
| Answer» E. None of these | |
| 17. |
Mobile banking is set to get a boost from IMPS, which stands for---------------- |
| A. | Inter-Bank Mobile Payment Service |
| B. | Inter-Bank Money Portability Service |
| C. | Intra-Bank Mobile Payment System |
| D. | Inter-Bank Money Preventing System |
| E. | None of these |
| Answer» B. Inter-Bank Money Portability Service | |
| 18. |
Capital market can be divided into:- |
| A. | industrial securities market |
| B. | gilt edged market |
| C. | personal securities market |
| D. | both 1 and 2 |
| E. | none of the above . |
| Answer» E. none of the above . | |
| 19. |
RBI permitted CBS-enabled Cooperative Banks to issue ATM cards in tie-up with: |
| A. | State Bank of India |
| B. | a sponsor bank |
| C. | NABARD |
| D. | Any Nationalised Bank |
| E. | None |
| Answer» C. NABARD | |
| 20. |
The largest number of commercial banks‘ offices are located in? |
| A. | Karnataka |
| B. | Maharashtra |
| C. | Tamil Nadu |
| D. | Uttar Pradesh |
| E. | None of these |
| Answer» E. None of these | |
| 21. |
Which of the following has decided to block LPG subsidy and PAN of the tax defaulters? |
| A. | RBI |
| B. | SBI |
| C. | Income Tax Department |
| D. | Govt. of India |
| E. | Finance Ministry |
| Answer» D. Govt. of India | |
| 22. |
What is meant by ‗Underwriting‘ the term frequently used in financial sector? |
| A. | Under valuation of the assets |
| B. | The Act of taking on a risk |
| C. | Giving a Guarantee that a loan will not become a bad loan |
| D. | All of the above |
| E. | None of the above |
| Answer» C. Giving a Guarantee that a loan will not become a bad loan | |
| 23. |
NPCI stands for ? |
| A. | National Payments Corporation of India |
| B. | National Payable Corporation of India |
| C. | National Payments Co-operative of India |
| D. | Nation Payable Corporation of India |
| E. | None of these |
| Answer» B. National Payable Corporation of India | |
| 24. |
Which of the following is NOT a type of cheque issued by an individual? |
| A. | Bearer cheque |
| B. | Order cheque |
| C. | Crossed cheque |
| D. | Savings cheque |
| E. | None of the above |
| Answer» E. None of the above | |
| 25. |
Which of the following agreement/accord is related to baking reforms? |
| A. | Vienna agreement |
| B. | Basel accord |
| C. | Nagoya Protocol |
| D. | Cartagena Protocol |
| E. | None of these |
| Answer» C. Nagoya Protocol | |
| 26. |
Under which category will you classify Regional Rural Bank? |
| A. | Scheduled Commercial Banks |
| B. | Co-operative Banks |
| C. | Private sector Banks |
| D. | Development Banks |
| E. | None of these |
| Answer» B. Co-operative Banks | |
| 27. |
Smart Money‘ is a term used for . |
| A. | Internet Banking |
| B. | Credit Card |
| C. | Mobile Apps |
| D. | Demand Drafts of Banks |
| E. | None of these |
| Answer» C. Mobile Apps | |
| 28. |
Mortgage is a security created on . |
| A. | Movable property for a loan given by a bank |
| B. | Immovable property for a deposit received by a bank |
| C. | A confirmation of immovable property given by a bank |
| D. | Movable property for a deposit given by a bank |
| E. | Immovable property for a loan given by a bank |
| Answer» F. | |
| 29. |
On which one of the following issues IMF has supported monetary policy of India? |
| A. | Introduction of GST. |
| B. | Stimulus for agriculture sector |
| C. | Concessions for foreign investment |
| D. | Tightening of monetary policy |
| E. | None of these |
| Answer» E. None of these | |
| 30. |
Headquarters of Dhanlaxmi Bank located in |
| A. | Kerala |
| B. | Karnataka |
| C. | Tamil Nadu |
| D. | Andhra Pradesh |
| E. | None of these |
| Answer» B. Karnataka | |
| 31. |
Which of the following is the first Bank who provide the interest banking facility first? |
| A. | ICICI Bank |
| B. | State Bank of India |
| C. | Syndicate Bank |
| D. | Central Bank of India |
| E. | None of these |
| Answer» B. State Bank of India | |
| 32. |
India Post Payments Bank(IPPB) will offer |
| A. | Forex |
| B. | Mutual funds |
| C. | Pension |
| D. | Insurance |
| E. | All of these |
| Answer» F. | |
| 33. |
Tagline of Bank of Baroda |
| A. | India’s best business bank |
| B. | The Thinking Behind the Money |
| C. | India’s International Bank |
| D. | Not Your Typical Bank |
| E. | None of these |
| Answer» D. Not Your Typical Bank | |
| 34. |
Balance in a current account is classified as |
| A. | Hybrid Deposit |
| B. | Term Deposit |
| C. | Demand Deposit |
| D. | Flexi Deposit |
| E. | None of the above |
| Answer» D. Flexi Deposit | |
| 35. |
Which of the following conditions must be fulfilled before a bank is included in the Second Schedule to the Reserve Bank of India Act? |
| A. | It must be a State co-operative bank or a company as defined in the Companies Act, 1956 or an institution notified by the Central Government in this behalf or a corporation or a company incorporated by or under any law in force in any place outside |
| B. | It must satisfy the Reserve Bank of India that its affairs are not being conducted in a manner detrimental to the interests of the depositors |
| C. | It must have a paid-up capital and reserves of an aggregate value of not less than Rs. 5 lakh |
| D. | Only (a) and (b) |
| E. | All of the above |
| Answer» F. | |
| 36. |
Who is holding the share capital of nationalised banks |
| A. | State Bank of India |
| B. | Reserve Bank of India |
| C. | Public |
| D. | Government of India |
| E. | Government of India & Public |
| Answer» F. | |
| 37. |
CTC Stands for |
| A. | Cheque truncation System |
| B. | Cheque Transaction System |
| C. | Cheque Transmission Service |
| D. | Cheque Transport Service |
| E. | None of these |
| Answer» B. Cheque Transaction System | |
| 38. |
What is fiat money? |
| A. | The currency backed by Government Guarantee |
| B. | The currency backed by gold reserves |
| C. | The currency backed by paper assets |
| D. | The currency backed by individuals |
| E. | None of these |
| Answer» B. The currency backed by gold reserves | |
| 39. |
Who is the chairman of Bharatiya Mahila Bank? |
| A. | Ranjana Paintal |
| B. | Indira Talwani |
| C. | Usha Ananthasubramanian |
| D. | Krishnan Nair |
| E. | Ranjit Kumar |
| Answer» D. Krishnan Nair | |
| 40. |
Money lent for 15 days or more in inter-bank market is called |
| A. | Term Money |
| B. | Short Term Money |
| C. | Call Money |
| D. | Notice Money |
| E. | None of these |
| Answer» B. Short Term Money | |
| 41. |
The tag line ‗A friend you can bank on‘ is of which bank? |
| A. | Vijaya Bank |
| B. | Bank of Maharashtra |
| C. | UCO Bank |
| D. | Bank of Baroda |
| E. | None of these |
| Answer» B. Bank of Maharashtra | |
| 42. |
The definition of 'Banking' is given in |
| A. | Negotiable Instrument Act. 1881 |
| B. | RBI Act, 1934 |
| C. | The Banking Regulation Act, 1949 |
| D. | The Indian Contract Act, 1872 |
| E. | None of these |
| Answer» D. The Indian Contract Act, 1872 | |
| 43. |
Which of the following tools is used by the RBI to control credit and monetary situations of the markets? |
| A. | RTGS |
| B. | NEFT |
| C. | ECS |
| D. | CRR |
| E. | Balance of trade |
| Answer» E. Balance of trade | |
| 44. |
Which of the following is the private sector Bank in India? |
| A. | IDBI Bank |
| B. | Axis Bank |
| C. | Corporation Bank |
| D. | UCO Bank |
| E. | None of the above |
| Answer» C. Corporation Bank | |
| 45. |
In regards to insurance, 'A policy provision to be restored from a lapsed status and resume active coverage, is termed as |
| A. | Reaffirmation |
| B. | Reinsurance |
| C. | Reinstallment |
| D. | Revocation |
| E. | None of these |
| Answer» C. Reinstallment | |
| 46. |
RBI was established on . |
| A. | April 1, 1925 |
| B. | April 1, 1935 |
| C. | April 1, 1945 |
| D. | April 1, 1955 |
| E. | None of these |
| Answer» C. April 1, 1945 | |
| 47. |
When the loan is granted for purchase of white goods it is called . |
| A. | Consumption loan |
| B. | White goods loan |
| C. | Consumer durable loan |
| D. | Business loan |
| E. | Proprietary loan |
| Answer» D. Business loan | |
| 48. |
Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following? |
| A. | Inflation only |
| B. | liquidity in economy |
| C. | Borrowing powers of the banks |
| D. | Flow of Foreign Direct Investments |
| E. | None of these |
| Answer» C. Borrowing powers of the banks | |
| 49. |
Which of the following organizations issue the rules of global trade? |
| A. | IMF |
| B. | World Trade Organization |
| C. | Foreign trade |
| D. | G-20 |
| E. | None |
| Answer» C. Foreign trade | |
| 50. |
CRR is required to maintain in the form of ? |
| A. | Approved Government Securities |
| B. | Cash with RBI |
| C. | Cash with bank |
| D. | All the above |
| E. | None of the above |
| Answer» C. Cash with bank | |