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 is the system followed by RBI with regard to note issue? |
| A. | Fixed Minimum System |
| B. | Fixed System |
| C. | Fixed minimum Reserve System |
| D. | None of these |
| Answer» D. None of these | |
| 2. |
Giffen goods are _____________________ |
| A. | Status goods |
| B. | Interior goods |
| C. | Luxury goods |
| D. | None of these |
| Answer» C. Luxury goods | |
| 3. |
IFCI is a __________________ bank |
| A. | Commercial bank |
| B. | Development bank |
| C. | Foreign bank |
| D. | Rural bank |
| Answer» D. Rural bank | |
| 4. |
Which is the first derivative of the TC function. |
| A. | AC |
| B. | MC |
| C. | STC |
| D. | SAC |
| Answer» C. STC | |
| 5. |
Which one is not an exception to the Law of Demand |
| A. | Normal good |
| B. | Ignorance |
| C. | Inferior good |
| D. | Articles of Distinction |
| Answer» B. Ignorance | |
| 6. |
Which is the biggest public sector Bank in India |
| A. | SBI |
| B. | SBT |
| C. | IDBI |
| D. | ICICI |
| Answer» B. SBT | |
| 7. |
The shape of average cost curve is ______________ |
| A. | A – Shaped |
| B. | C – Shaped |
| C. | U – Shaped |
| D. | L – Shaped |
| Answer» D. L – Shaped | |
| 8. |
Profit is the difference between total cost and ___________________ |
| A. | Total revenue |
| B. | Total expenditure |
| C. | Marginal revenue |
| D. | None of these |
| Answer» B. Total expenditure | |
| 9. |
The want satisfying power of a commodity is known as______________ |
| A. | Demand |
| B. | Utility |
| C. | Scarcity |
| D. | None of these |
| Answer» C. Scarcity | |
| 10. |
Unit Trust of India was set up in ____________________ |
| A. | 1964 |
| B. | 1965 |
| C. | 1966 |
| D. | 1967 |
| Answer» B. 1965 | |
| 11. |
Alternative cost is also known as a ____________________ |
| A. | Book cost |
| B. | Actual cost |
| C. | Opportunity cost |
| D. | Full cost |
| Answer» D. Full cost | |
| 12. |
TR and TC are in Trade off with one another when___________________ |
| A. | TR>TC |
| B. | TR<TC |
| C. | TR=TC |
| D. | None of these |
| Answer» D. None of these | |
| 13. |
Indian banks were nationalised in the year |
| A. | 1949 |
| B. | 1969 |
| C. | 1959 |
| D. | 1979 |
| Answer» C. 1959 | |
| 14. |
Bankers are not only purveyors of money but also an important sense they are |
| A. | consumers |
| B. | manufacturers |
| C. | lenders |
| D. | borrowers |
| Answer» C. lenders | |
| 15. |
Primary functions of a commercial banks are ........... and lending |
| A. | honouring cheques |
| B. | accepting deposits |
| C. | issuing cheques |
| D. | issuing dd |
| Answer» C. issuing cheques | |
| 16. |
The total number of public sector banks in India is |
| A. | 14 |
| B. | 12 |
| C. | 28 |
| D. | 22 |
| Answer» D. 22 | |
| 17. |
Indian Institute of Bankers is registered as............. |
| A. | trustee |
| B. | association |
| C. | joint stock company |
| D. | co-op society |
| Answer» D. co-op society | |
| 18. |
The ‘Teller System’ has been introduced by banks to......... |
| A. | canvas more customers |
| B. | make quick payment of cheque |
| C. | clarify enquiries |
| D. | advice customers |
| Answer» C. clarify enquiries | |
| 19. |
The head quarters of National Housing Bank is |
| A. | new delhi |
| B. | mumbai |
| C. | agra |
| D. | hyderabad |
| Answer» C. agra | |
| 20. |
The Head quarters of Allahabad Bank is |
| A. | allahabad |
| B. | mumbai |
| C. | calcutta |
| D. | delhi |
| Answer» D. delhi | |
| 21. |
Unless otherwise specified DD or cheques is valid for a period of; |
| A. | 6 months |
| B. | 1 year |
| C. | 3 months |
| D. | one month |
| Answer» D. one month | |
| 22. |
Money at call and short notice of a bank is ............ |
| A. | secured advance |
| B. | bankers second line of advance |
| C. | widely distributed loans |
| D. | all the above |
| Answer» C. widely distributed loans | |
| 23. |
The terms drawer, drawee and payee are associated with; |
| A. | cheques |
| B. | promissory notes |
| C. | delivery order |
| D. | hundies |
| Answer» B. promissory notes | |
| 24. |
Where the RBI has no branch the bank which can act as its agent is; |
| A. | any commercial bank |
| B. | any nationalised bank |
| C. | sbi |
| D. | indian bank |
| Answer» D. indian bank | |
| 25. |
RBI was nationalised in the year |
| A. | 1941 |
| B. | 1949 |
| C. | 1943 |
| D. | 1935 |
| Answer» C. 1943 | |
| 26. |
The drawee of a cheque is always.......... |
| A. | customer |
| B. | minor |
| C. | company |
| D. | bank |
| Answer» E. | |
| 27. |
Commercial banks in India was organised as....... |
| A. | sole proprietorship |
| B. | joint stock company |
| C. | partnership |
| D. | joint sector |
| Answer» C. partnership | |
| 28. |
In India ............. banks are nationalised in the year 1969 |
| A. | 16 |
| B. | 19 |
| C. | 14 |
| D. | 22 |
| Answer» D. 22 | |
| 29. |
Second nationalisation of commercial banks (6 banks)was in the year |
| A. | 1979 |
| B. | 1980 |
| C. | 1984 |
| D. | 1976 |
| Answer» C. 1984 | |
| 30. |
Cooperative banks are registered under............. |
| A. | rbi act |
| B. | banking regulation act |
| C. | co-operative societies act |
| D. | any of the above |
| Answer» D. any of the above | |
| 31. |
The first Regional Rural Bank came into existence on |
| A. | 1972 |
| B. | 1964 |
| C. | 1975 |
| D. | 1977 |
| Answer» D. 1977 | |
| 32. |
RBI was established in the year |
| A. | 1949 |
| B. | 1935 |
| C. | 1964 |
| D. | 1947 |
| Answer» C. 1964 | |
| 33. |
RRB Act was enacted in the year |
| A. | 1974 |
| B. | 1979 |
| C. | 1975 |
| D. | 1976 |
| Answer» D. 1976 | |
| 34. |
............. is the apex institution for rural development and rural credit |
| A. | rbi |
| B. | idbi |
| C. | nabard |
| D. | irbi |
| Answer» E. | |
| 35. |
Medium term loans are meant for a period |
| A. | 3-5 years |
| B. | 5-10 years |
| C. | over 10 years |
| D. | 1-3 years |
| Answer» B. 5-10 years | |
| 36. |
Possession of a security practically with the banker is in the case of |
| A. | mortgage |
| B. | pledge |
| C. | hypothecation |
| D. | hire purchase |
| Answer» C. hypothecation | |
| 37. |
Maximum number of withdrawals permitted per half year weather by cheque orotherwise in saving bank account |
| A. | 100 |
| B. | 200 |
| C. | 50 |
| D. | no limit |
| Answer» D. no limit | |
| 38. |
The banker’s obligation to pay his customers cheque is a duty towards............ |
| A. | the drawee |
| B. | the drawer |
| C. | the holder |
| D. | the payee |
| Answer» C. the holder | |
| 39. |
Collateral security means |
| A. | advance against supply bills |
| B. | share and debentures |
| C. | goods pledged to the bank |
| D. | additional security |
| Answer» E. | |
| 40. |
RBI issues currency notes on the basis of............ |
| A. | minimum reserve |
| B. | general reserve |
| C. | proportional reserve |
| D. | gold reserve |
| Answer» B. general reserve | |
| 41. |
The term “Reserve” in Reserve bank of India indicates |
| A. | reserved for govt. business alone |
| B. | it keeps reserves of all commercial banks |
| C. | no special significance |
| D. | it keeps foreign currency |
| Answer» C. no special significance | |
| 42. |
Negotiable Instrument Act was passed in the year |
| A. | 1856 |
| B. | 1875 |
| C. | 1881 |
| D. | 1882 |
| Answer» D. 1882 | |
| 43. |
SBI was established in the year |
| A. | 1954 |
| B. | 1956 |
| C. | 1955 |
| D. | 1964 |
| Answer» D. 1964 | |
| 44. |
For opening new branch of a bank should obtain the sanction of.......... |
| A. | central government |
| B. | state government |
| C. | rbi |
| D. | all the above |
| Answer» D. all the above | |
| 45. |
Bank rate policy is aimed at |
| A. | development of banks |
| B. | helping loan takers |
| C. | stabilising internal price level |
| D. | none of these. |
| Answer» D. none of these. | |
| 46. |
NABARD is administered by |
| A. | rbi |
| B. | sbi |
| C. | board of directors |
| D. | central govt. |
| Answer» D. central govt. | |
| 47. |
A depositor can withdraw money from the bank any number of time in............. |
| A. | fixed deposit |
| B. | savings bank |
| C. | current a/c |
| D. | recurring deposit |
| Answer» D. recurring deposit | |
| 48. |
A cheque is deemed stale after |
| A. | one month |
| B. | 3 months |
| C. | 6 months |
| D. | one year |
| Answer» C. 6 months | |
| 49. |
Bank of England was established in the year |
| A. | 1586 |
| B. | 1612 |
| C. | 1694 |
| D. | 1656 |
| Answer» D. 1656 | |
| 50. |
Garnishee order is to restrain a banker from |
| A. | receiving deposit |
| B. | making payment |
| C. | accepting bills |
| D. | crossing of cheques |
| Answer» C. accepting bills | |