MCQOPTIONS
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MCQOPTIONS
This section includes 3839 Mcqs, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1051. |
EXIM Bank is owned by - |
| A. | govt, of india and rbi jointly |
| B. | rbi and select commercial banks jointly |
| C. | fully own |
| D. | by govt, of india |
| Answer» D. by govt, of india | |
| 1052. |
Credit rationing is a…………method of credit control. |
| A. | quantitative credit control |
| B. | qualitative credit control |
| C. | direct credit control |
| D. | continuous credit control |
| Answer» C. direct credit control | |
| 1053. |
The development programme began in our country with the launch of |
| A. | community development programme |
| B. | integrated rural development programme |
| C. | small farmers development agency |
| D. | intensive agriculture area programme |
| Answer» B. integrated rural development programme | |
| 1054. |
"Sans recourse" means ____. |
| A. | i am not afraid |
| B. | do not touch me |
| C. | ask the drawer |
| D. | without liability to me |
| Answer» E. | |
| 1055. |
Factoring means . |
| A. | financing against bills receivables. |
| B. | financing invoices without recourse only. |
| C. | purchasing and/or administering the receivables of a concern. |
| D. | collecting the receivables and remitting to the seller. |
| Answer» D. collecting the receivables and remitting to the seller. | |
| 1056. |
When a drawer draws a cheque without keeping sufficient balance and if the cheque is bounced for insufficient funds. The drawer is punishable with imprisonment which may extend to and or a fine. |
| A. | two months |
| B. | one year |
| C. | four months |
| D. | six months |
| Answer» C. four months | |
| 1057. |
The highest credit risk rating that can be awarded to any company byCRISIL is….. |
| A. | ++a |
| B. | aaa |
| C. | +aa |
| D. | none of the above |
| Answer» C. +aa | |
| 1058. |
Bankers, in general, are hesitant to finance HUF because . |
| A. | the firms ceases to exist when the karta is dead. |
| B. | the firm ceases to exist with the death of any of the male coparcener. |
| C. | the liability of the firm to the banker is susceptible to change with the birth of male chi |
| D. | or with the death of a male coparcener in the huf. |
| Answer» D. or with the death of a male coparcener in the huf. | |
| 1059. |
Under law of limitation , the liability of a guarantor is . |
| A. | 3 years form the date of document. |
| B. | 3 years from the date of default of the advance. |
| C. | 3 years from the date when the dema |
| D. | is made on guarantor. |
| Answer» D. is made on guarantor. | |
| 1060. |
Which type of securities are held by Reserve Bank of India beforeissuance of currency notes ? |
| A. | gold coins and bullion |
| B. | foreign securities |
| C. | government of india's securities |
| D. | all of these |
| Answer» E. | |
| 1061. |
The first bank to be established in India was ________ , |
| A. | bank of bengal |
| B. | bank of hindustan |
| C. | allahab |
| D. | bank |
| Answer» C. allahab | |
| 1062. |
Quasi Negotiable Instrument is accepted like Negotiable Instrumentbecause of |
| A. | the force of law |
| B. | the customs and practice |
| C. | their character of negotiability |
| D. | none of these |
| Answer» C. their character of negotiability | |
| 1063. |
Loan documents executed out of India must be presented forregistration within……….of its arrival in India. |
| A. | three months |
| B. | four months |
| C. | six months |
| D. | twelve months |
| Answer» C. six months | |
| 1064. |
Usance bills or promissory notes drawn out of India are required to bestamped by |
| A. | first holder in india |
| B. | any holder |
| C. | any party |
| D. | none of the above |
| Answer» B. any holder | |
| 1065. |
Command Area Development Programme relates to __________ |
| A. | desert development |
| B. | hill area development |
| C. | livestock development |
| D. | irrigation development |
| Answer» E. | |
| 1066. |
The minimum percentage of Priority Sector advances to be maintainedby foreign banks in India is . |
| A. | 40% |
| B. | 22% |
| C. | 32% |
| D. | 18% |
| Answer» D. 18% | |
| 1067. |
Margin money scheme of KVIC is applicable to the project of individualsand entrepreneurs ______________ . |
| A. | where the total project cost does not exceed rs. 10 lakh |
| B. | where the total project cost does not exceed rs. 25 lakh |
| C. | where the total project cost does not exce |
| D. | rs. 5 lakh |
| Answer» B. where the total project cost does not exceed rs. 25 lakh | |
| 1068. |
"Customer" is defined in - |
| A. | banking regulation act |
| B. | n.i. act |
| C. | r.b.i. act |
| D. | nowhere it is defined |
| Answer» E. | |
| 1069. |
Prospectus is issued by a Private Limited Company when it issues |
| A. | debentures |
| B. | shares |
| C. | both debentures a |
| D. | shares |
| Answer» E. | |
| 1070. |
A Public Limited Company should have minimum membership of - |
| A. | 50 |
| B. | 15 |
| C. | 7 |
| D. | no limit |
| Answer» D. no limit | |
| 1071. |
Introduction of rating methodology for banks was introduced by RBI on the lines of- |
| A. | camel |
| B. | ir |
| C. | c. cma |
| D. | none of these |
| Answer» B. ir | |
| 1072. |
In terms of the N.I. Act, finder of a lost cheque is : |
| A. | a holder but not holder in due course, if payable to order |
| B. | a holder in due course, if payable to bearer |
| C. | both holder a |
| D. | holder in due course, in either case |
| Answer» E. | |
| 1073. |
The charge created on a security of National Savings Certificate is - |
| A. | pledge |
| B. | hypothecation |
| C. | assignment |
| D. | .mortgage |
| Answer» B. hypothecation | |
| 1074. |
Internet is the cheapest of all banking channels and helps banks togain substantially in terms of………….cost. |
| A. | auditing |
| B. | deposit |
| C. | investment |
| D. | transaction |
| Answer» E. | |
| 1075. |
Drawing power in an account means |
| A. | limit sanctioned |
| B. | value of security |
| C. | value of security minus unpa |
| D. | stock |
| Answer» E. | |
| 1076. |
Lien becomes time-barred three years after |
| A. | the date of loan |
| B. | date of delivery o the relative goods |
| C. | due date of loan |
| D. | lien has no limitation period |
| Answer» E. | |
| 1077. |
Negative lien means - |
| A. | a declaration by a company not to encumber assets of the company without previous consent of banker |
| B. | deposit of title deeds with the bank with an oral declaration to mark bank's lien |
| C. | a lien letter execut |
| D. | by the company authorising the bank to mark lien on its fixed deposit receipt |
| Answer» B. deposit of title deeds with the bank with an oral declaration to mark bank's lien | |
| 1078. |
Letter of Probate means- |
| A. | a letter attached with a will containing signatures of the witnesses |
| B. | confirmation of succession certificate |
| C. | a certificate issu |
| D. | by the court containing the name of the person who has to administer the property of a deceased person |
| Answer» E. | |
| 1079. |
Non-registration of a firm will affect in the following manner- |
| A. | on dissolution of the firm, remaining partners will have to approach to the court for settlement of their dues. |
| B. | bank will not allow an unregistered firm to open an account. |
| C. | no partner shall be in a position to institute a suit against any other partner of the firm |
| D. | none of these |
| Answer» D. none of these | |
| 1080. |
Working Capital Gap means- |
| A. | total current assets minus total current liabilities |
| B. | total assets minus intangible assets |
| C. | total liabilities minus terms liabilities. |
| D. | total current assets minus current liabilities (other than bank |
| Answer» E. | |
| 1081. |
…………… constitute the largest source of funds for the banks |
| A. | cash |
| B. | loan |
| C. | deposit |
| D. | agency service |
| Answer» D. agency service | |
| 1082. |
Banker's lien is a type of security. |
| A. | hypothecated |
| B. | mortgaged |
| C. | impli |
| D. | pledge |
| Answer» D. pledge | |
| 1083. |
Section 85(1) of the Negotiable Instrument Act 1881 provides protectionto the paying banker in respect of |
| A. | forged endorsement |
| B. | material alterations on the face of the cheque |
| C. | forgery of drawer's signature |
| D. | all of these |
| Answer» B. material alterations on the face of the cheque | |
| 1084. |
In periods of boom, which leads to economic instability, Reserve Bankresorts to |
| A. | sale in the market of first class securities in its possession to reduce the supply of money as a measure of open market operations |
| B. | buying of approved securities in the market as a measure of pen market operations |
| C. | hike in the bank rate as a measure of open market operations |
| D. | none of these |
| Answer» B. buying of approved securities in the market as a measure of pen market operations | |
| 1085. |
Under Section 17 of the Banking Regulation Act 1949, every bankingcompany incorporated in India is required to transfer each year to a reserve fund a sum equivalent to not less than |
| A. | 10 per cent of profit before dividends; |
| B. | 20 per cent of profit after interest tax and dividend; |
| C. | 25 per cent of profit before dividends; |
| D. | 5 per cent of gross profit |
| Answer» D. 5 per cent of gross profit | |
| 1086. |
Collection of cheques for customer is a………….function of bank. |
| A. | agency function |
| B. | trustee function |
| C. | plann |
| D. | function |
| Answer» B. trustee function | |
| 1087. |
After a customer has closed the account______ |
| A. | the banker is no more liable to observe secrecy of his account because the contractual relationship comes to an end |
| B. | the banker is still bound by his duty of secrecy |
| C. | the banker's duty of secrecy comes to an e |
| D. | in terms of the provisions of the negotiable instrument act, 1881 |
| Answer» C. the banker's duty of secrecy comes to an e | |
| 1088. |
………….is a new scheme of deposit mobilization have been evolved bythe Indian commercial banks. |
| A. | current deposit |
| B. | saving deposit |
| C. | insurance link |
| D. | deposit |
| Answer» D. deposit | |
| 1089. |
A mandate may continue to be operative even in the case of— |
| A. | death of the agent |
| B. | lunacy of the agent |
| C. | insolvency of the agent |
| D. | none of these |
| Answer» D. none of these | |
| 1090. |
The endorser will not liable to the holder on dishonor of a negotiableinstrument if he makes |
| A. | sans-recourse endorsement |
| B. | facultative endorsement |
| C. | sans-frais endorsement |
| D. | none of the above |
| Answer» B. facultative endorsement | |
| 1091. |
………….is a document issued by the bank acknowledge the receipt of afixed sum of money on deposit. |
| A. | collection receipt |
| B. | withdrawal receipt |
| C. | fix |
| D. | deposit receipt |
| Answer» D. deposit receipt | |
| 1092. |
A bill should be presented for acceptance in case of insolvency of adrawee to |
| A. | official receiver |
| B. | drawee in case of need |
| C. | acceptor for honour |
| D. | none of the above |
| Answer» B. drawee in case of need | |
| 1093. |
An order instrument can be made payable to the bearer by making |
| A. | conditional endorsement |
| B. | full endorsement |
| C. | general endorsement |
| D. | none of the above |
| Answer» D. none of the above | |
| 1094. |
Negotiation-back implies |
| A. | return of the instrument back of he person who indorsed it earlier |
| B. | the endorser does not want the instrument to be indorsed back to him |
| C. | the endorser does not want the endorsee to incur any expenses on endorser’s account |
| D. | none of the above |
| Answer» B. the endorser does not want the instrument to be indorsed back to him | |
| 1095. |
Once a bearer instrument always a bearer instrument is true in case of |
| A. | a cheque only |
| B. | a bill of exchange only |
| C. | all negotiable instruments |
| D. | none of the above |
| Answer» B. a bill of exchange only | |
| 1096. |
Travelers cheques are issue by |
| A. | travel agencies |
| B. | commercial banks |
| C. | tourist department of government of india |
| D. | none of the above |
| Answer» C. tourist department of government of india | |
| 1097. |
……are treated as negotiable instrument by usage or custom of trade. |
| A. | bill of exchange |
| B. | promissory note |
| C. | cash |
| D. | hundies |
| Answer» E. | |
| 1098. |
The relationship between a banker and its customer is basically that of |
| A. | a debtor and a creditor |
| B. | a trustee and the beneficiary |
| C. | a principal a |
| D. | an agent |
| Answer» B. a trustee and the beneficiary | |
| 1099. |
The banker's answer in case of dishonor of a cheque on a account ofinsufficiency of funds is generally |
| A. | refer to drawer (rd) |
| B. | no funds (nf) |
| C. | not arrang |
| D. | for (naf) |
| Answer» B. no funds (nf) | |
| 1100. |
The title of the endorsee will not be better than of the endorser in case acheque is crossed containing the words |
| A. | & co |
| B. | not negotiable |
| C. | account payee |
| D. | none of the above |
| Answer» C. account payee | |