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. |
In which of the following cities, The Head Office of FICCI is located? |
| A. | Hyderabad |
| B. | Chennai |
| C. | Kolkata |
| D. | Mumbai |
| E. | New Delhi |
| Answer» F. | |
| 2. |
What is India's apex tax body ? |
| A. | CBDT |
| B. | GAAR |
| C. | IT Department |
| D. | RBI |
| E. | None of these |
| Answer» B. GAAR | |
| 3. |
Expand FRBM. |
| A. | Financial Responsibility and Budget Management |
| B. | Fiscal Responsibility and Budget Maintenance |
| C. | Fiscal Responsibility and Budget Management |
| D. | Fiscal Risk and Budget Management |
| E. | None of these |
| Answer» D. Fiscal Risk and Budget Management | |
| 4. |
The merchant banking activity in India is governed by |
| A. | RBI |
| B. | SEBI |
| C. | IRDA |
| D. | Both (a) and (c) |
| E. | None of these |
| Answer» C. IRDA | |
| 5. |
Which of the following is the headquarters ofBCSBI? |
| A. | Chennai |
| B. | New Delhi |
| C. | Mumbai |
| D. | Hyderabad |
| E. | None of the Above |
| Answer» D. Hyderabad | |
| 6. |
When it comes to organized sector, which among the following is not true? |
| A. | Reserve Bank of India |
| B. | Public sector commercial banks |
| C. | private sector commercial banks |
| D. | money lenders |
| E. | cooperative banks |
| Answer» E. cooperative banks | |
| 7. |
Loan taken by the person, not telling the purpose of taking loan is called |
| A. | Non – Personal Loan |
| B. | Secret Loan |
| C. | Free Loan |
| D. | Personal Loan |
| E. | None of these |
| Answer» E. None of these | |
| 8. |
Which of the following types of accounts are known as ‗Demat Accounts‘? |
| A. | Accounts which are Zero Balance |
| B. | Accounts which are opened to facilitate repayment of a loan taken from the bank. No other can be conducted from there |
| C. | Accounts in which shares of various companies are traded in electronic form |
| D. | Accounts which are operated through internet banking facility |
| E. | None of the above |
| Answer» D. Accounts which are operated through internet banking facility | |
| 9. |
The tax levied by Local Governments i.e. Municipal Corporations and municipalities is . |
| A. | Income Tax |
| B. | Wealth Tax |
| C. | House Tax |
| D. | Gift Tax |
| E. | None of these |
| Answer» D. Gift Tax | |
| 10. |
Who decides the value and volume of bank notes to be printed and on what basis? |
| A. | Finance Ministry |
| B. | Planning Commission |
| C. | RBI |
| D. | Stock Exchange |
| E. | None of these |
| Answer» D. Stock Exchange | |
| 11. |
Who amongst the following has suggested to the banks in India to give details of fund transfers to customers via SMS/E-mails? |
| A. | Reserve Bank of India (RBI) |
| B. | India Banks Association (IBA) |
| C. | Indian Institute of Banking and Finance |
| D. | Securities and Exchange Board of India |
| E. | None of these |
| Answer» B. India Banks Association (IBA) | |
| 12. |
Currently banks claim that they have achieved 100% CBS. What are they referring to? |
| A. | It means all their branches are technology driven with core banking solutions |
| B. | It suggests complete banking services |
| C. | It is an indication of customized banking services |
| D. | None of the above |
| E. | All of these |
| Answer» B. It suggests complete banking services | |
| 13. |
―Banking with personal touch‖ is the tagline of |
| A. | Federal Bank |
| B. | South Indian Bank |
| C. | Karur Vysya Bank |
| D. | Laxmi Vilas Bank |
| E. | None of these |
| Answer» E. None of these | |
| 14. |
The banking company has restriction to sanction loan to |
| A. | Staff working in the bank |
| B. | Directors of the bank |
| C. | Students going abroad |
| D. | Professionals |
| E. | None of these |
| Answer» C. Students going abroad | |
| 15. |
In CRR, C stands for . |
| A. | Cash |
| B. | Currency |
| C. | Core |
| D. | Currency |
| E. | None of these |
| Answer» B. Currency | |
| 16. |
Bank rate implies the rate of interest- |
| A. | Charges by banks on loans and advances |
| B. | Paid by the RBI on the deposits if commercial banks |
| C. | Payable on bonds |
| D. | At which the RBI discounts the Bill of Exchange |
| E. | None of these |
| Answer» E. None of these | |
| 17. |
Banks located in jurisdictions with low taxation and regulation is known as |
| A. | Private Banks |
| B. | Offshore banks |
| C. | Community Development Bank |
| D. | All of these |
| E. | None of these |
| Answer» C. Community Development Bank | |
| 18. |
What is 'Packing Credit' ? |
| A. | Finance extended to packing materials |
| B. | Finance extended to an importer to pack the goods imported |
| C. | Finance extended to warehouses for keeping the goods packages |
| D. | Finance extended to an exporter to meet the cost of buying and/or making products 'to be exported |
| E. | None of these |
| Answer» E. None of these | |
| 19. |
The banks are required to maintain certain ratio between their cash in hand and total assets.This is called |
| A. | SLR |
| B. | SBR |
| C. | CBR |
| D. | CRR |
| E. | None of these |
| Answer» E. None of these | |
| 20. |
Which is the first Indian company to be listedin NASDAQ ? |
| A. | Reliance |
| B. | TCS |
| C. | HCL |
| D. | Infosys |
| E. | None of these |
| Answer» E. None of these | |
| 21. |
Demand deposits mean ? |
| A. | Deposits withdrawable on demand by the depositor |
| B. | Current deposits |
| C. | Fixed deposits |
| D. | Short deposits |
| E. | None of the above |
| Answer» B. Current deposits | |
| 22. |
Which one of the following is the directive given to the government of India in the financial stability report submitted to it? |
| A. | To reduce fiscal deficit |
| B. | To ensure GDP growth |
| C. | To reduce revenue deficit |
| D. | Focus on financial consistency |
| E. | None of these |
| Answer» B. To ensure GDP growth | |
| 23. |
PJ Naik committee is related to |
| A. | Refinancing weak banks |
| B. | Licensing to private bank |
| C. | Governance of bank boards |
| D. | Privatization of nationalized banks |
| E. | None of these |
| Answer» D. Privatization of nationalized banks | |
| 24. |
The decimal system of note and coin issue was started in India in _. |
| A. | 1950 |
| B. | 1947 |
| C. | 1957 |
| D. | 1960 |
| E. | None of these |
| Answer» D. 1960 | |
| 25. |
One single statement that depicts the financial position of a Bank and / or Business enterprise at a given point of time is called: |
| A. | Statement of product details |
| B. | Foreign exchange |
| C. | Balance Sheet |
| D. | Balance of payment |
| E. | Trading and Manufacturing account |
| Answer» D. Balance of payment | |
| 26. |
DBS Bank has been headquartered in |
| A. | United Kingdom |
| B. | Spain |
| C. | Singapore |
| D. | South Africa |
| E. | None of these |
| Answer» D. South Africa | |
| 27. |
Money market is a market for debt securities that pay off in the short term……….. |
| A. | Usually less than two years. |
| B. | Usually less than three years. |
| C. | Usually less than one year. |
| D. | Usually less than five years. |
| E. | None of these |
| Answer» D. Usually less than five years. | |
| 28. |
If a bank is unable to refund the short termdeposits as funds are locked in long term loans, it involves? |
| A. | Interest Rate Risk |
| B. | Operational Risk |
| C. | Liquidity Risk |
| D. | Market Risk |
| E. | Other than the given options |
| Answer» D. Market Risk | |
| 29. |
Which among the following is correct about the ―White Label ATM‖: |
| A. | Any non bank entity with a minimum net worth of Rs. 100 crore can apply for white label ATMs. (Not Just NBFCs, any non bank entity can apply) |
| B. | White Label ATM does not carry any bank’s logo. |
| C. | RBI has given license/permission to non – bank entities to open White Label ATMs. |
| D. | Sponsor Bank provides the cash. |
| E. | All of the Above |
| Answer» F. | |
| 30. |
The ability of commercial banks to increase their deposits by expanding their loans and advances is known as . |
| A. | Capital Expansion |
| B. | Capital Creation |
| C. | Credit Expansion |
| D. | Credit Control |
| E. | Credit Creation |
| Answer» F. | |
| 31. |
Which of the following committees/ Task Forces was set up to suggest reforms in Banking Sector? |
| A. | Swaminathan Committee |
| B. | Narasimham Committee |
| C. | Rajinder Sachar Committee |
| D. | Task Force on Infrastructure |
| E. | None of these |
| Answer» C. Rajinder Sachar Committee | |
| 32. |
RBI issued its first banknote in Jan 1938 bearing the portrait of George IV. What was its denomination? |
| A. | Rs. 5 |
| B. | Rs. 10 |
| C. | Rs. 1 |
| D. | Rs. 2 |
| E. | None of these |
| Answer» B. Rs. 10 | |
| 33. |
Who can invest in a commercial paper? |
| A. | Individuals |
| B. | Banking Companies |
| C. | Corporate bodies registered or incorporated in India and unincorporated bodies, Non- Resident Indians (NRIs) and Foreign Institutional Investors (FIIs) |
| D. | All of the above |
| E. | None of these |
| Answer» E. None of these | |
| 34. |
The new Indian Currency Note of Rs. 2000denomination will have an image of: |
| A. | Taj Mahal |
| B. | Red Fort |
| C. | Qutb Minar |
| D. | Mangalyaan |
| E. | None of these |
| Answer» E. None of these | |
| 35. |
The maximum amount of the total Revenue earned by the government of India comes from: |
| A. | Income Tax |
| B. | Customs Duty |
| C. | Excise Duty |
| D. | Value Added Tax |
| E. | Corporate Tax |
| Answer» D. Value Added Tax | |
| 36. |
TCPSL started their White Label ATMs chain under brand name : |
| A. | Easecash |
| B. | Indicash |
| C. | T – Cash |
| D. | None of These |
| E. | E -Cash |
| Answer» C. T – Cash | |
| 37. |
Which among the following years, the BFS was constituted? |
| A. | November 1969 |
| B. | November 1956 |
| C. | November 1949 |
| D. | November 1982 |
| E. | November 1994 |
| Answer» F. | |
| 38. |
In India, Micro finance development and Equity fund is maintained by- |
| A. | Small industries development Bank of India(SIDBI). |
| B. | RBI(Reserve bank of India). |
| C. | Nabard(National bank for Agriculture and rural development). |
| D. | CII(Confederation of industries in India). |
| E. | None of these |
| Answer» F. | |
| 39. |
Who fixes the interest on Savings Deposit? |
| A. | Reserve Bank of India |
| B. | Government of India |
| C. | Respective Banks |
| D. | Finance Minister |
| E. | None of these |
| Answer» D. Finance Minister | |
| 40. |
The headquarters of Gramin Bank Of Aryavrat is? |
| A. | Chitoor, Andhra Pradesh |
| B. | Lucknow, Uttar Pradesh |
| C. | Moradabad, Uttar Pradesh |
| D. | Ballari, Karnataka |
| E. | Virudhunagar, Tamil Nadu |
| Answer» C. Moradabad, Uttar Pradesh | |
| 41. |
In which year does the RBI has introduced the Banking Ombudsman Scheme? |
| A. | 2000 |
| B. | 1993 |
| C. | 1995 |
| D. | 1989 |
| E. | None of these |
| Answer» D. 1989 | |
| 42. |
SEBI is a . |
| A. | Non-Advisory body |
| B. | Statutory body |
| C. | Advisory body |
| D. | Constitutional body |
| E. | Non- Statutory body |
| Answer» C. Advisory body | |
| 43. |
Which bank recently introduced the Software Robotics for power banking operations? |
| A. | ICICI Bank |
| B. | Axis Bank |
| C. | HDFC Bank |
| D. | State Bank of India |
| E. | None of these |
| Answer» B. Axis Bank | |
| 44. |
What does CRR stand for? |
| A. | Credit Reserve Ratio |
| B. | Cost Advisory Ratio |
| C. | Cash Reserve Ratio |
| D. | Cash Revenue Ratio |
| E. | None of these |
| Answer» D. Cash Revenue Ratio | |
| 45. |
Fiscal deficit is . |
| A. | Total income less government borrowing |
| B. | Total payments less total receipts |
| C. | Total payments less capital receipts |
| D. | Total expenditure less total receipts excluding borrowing |
| E. | None of these |
| Answer» E. None of these | |
| 46. |
as approved a 500 million dollars loan to build a bridge across the Ganga River in Bihar |
| A. | Asian Infrastructure Investment Bank |
| B. | World Bank |
| C. | Asian Development Bank |
| D. | Intenational Monetary Fund |
| E. | None of these |
| Answer» D. Intenational Monetary Fund | |
| 47. |
Which of the following forms of securing a loans is the safest one? |
| A. | Line |
| B. | Assignment |
| C. | Pledge |
| D. | Hypothecation |
| E. | Mortgage |
| Answer» D. Hypothecation | |
| 48. |
Which of the following banks has planned to commence urban microfinance operations in its 85 branches across the country? |
| A. | Yes Bank |
| B. | Kotak Mahindra Bank |
| C. | ICICI Bank |
| D. | Axis Bank |
| E. | None of these |
| Answer» E. None of these | |
| 49. |
Increase in net RBI creit for central government represents- |
| A. | Budgetary deficit |
| B. | monetized deficit |
| C. | Fiscal deficit |
| D. | Revenue deficit |
| E. | None of these |
| Answer» C. Fiscal deficit | |
| 50. |
Indian Financial Network [INFINET] is the :- |
| A. | communication backbone for the Indian Banking and Financial sector |
| B. | association of the employers of the banking and financial sector |
| C. | closed user group network of SBI and its subsidiaries |
| D. | all of the above |
| E. | None of the above |
| Answer» C. closed user group network of SBI and its subsidiaries | |