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.
| 1101. |
When a banker accepts the securities for safe custody, the relationshipbetween a banker and a customer is that of |
| A. | a debtor and a creditor |
| B. | trustee and beneficiary |
| C. | principal a |
| D. | agent |
| Answer» C. principal a | |
| 1102. |
A right of appropriation first lies with the |
| A. | debtor |
| B. | creditor |
| C. | court |
| D. | none of the above |
| Answer» B. creditor | |
| 1103. |
The period of limitation in case of deposits with bankers from the dateon which |
| A. | deposit was made |
| B. | deposit matures |
| C. | date of dema |
| D. | for payment by the customer |
| Answer» D. for payment by the customer | |
| 1104. |
Certificate of Deposit cannot be issued by |
| A. | scheduled commercial banks |
| B. | regional rural banks |
| C. | all india financial institution |
| D. | none of the above |
| Answer» C. all india financial institution | |
| 1105. |
The recurring deposit account combine the characteristics of ……….andfixed deposit account. |
| A. | savings account |
| B. | current account |
| C. | loan account |
| D. | none of the above |
| Answer» B. current account | |
| 1106. |
The drawee banker of a demand draft has received intimation of theloss of the draft from the purchaser. The banker should |
| A. | stop the payment |
| B. | exercise caution |
| C. | refuse to accept the notice a |
| D. | d. issue a duplicate draft |
| Answer» C. refuse to accept the notice a | |
| 1107. |
…………..is always drawn on a specified banker. |
| A. | bill of exchange |
| B. | promissory note |
| C. | investment receipt. |
| D. | cheque |
| Answer» E. | |
| 1108. |
A customer requests for issue of a bearer demand draft. The bankershould |
| A. | strike off the word 'order' and should put the word 'bearer' on the draft |
| B. | request the customer to go to the head office |
| C. | refuse to issue the draft |
| D. | none of the above |
| Answer» D. none of the above | |
| 1109. |
A and B have jointly hired a locker under "Either or Survivor" caluse.A dies. The bank should |
| A. | permit b to operate the locker |
| B. | seal the locker and open it only in the presence of b and a is legal representative |
| C. | permit operation by b a |
| D. | legal representative of a jointly |
| Answer» B. seal the locker and open it only in the presence of b and a is legal representative | |
| 1110. |
Pay order is issued by the banks for |
| A. | local payments |
| B. | inter state payments |
| C. | foreign payments |
| D. | none of the above |
| Answer» B. inter state payments | |
| 1111. |
When a banker collects a cheque for which he has already given cash,hisposition is that of a………… |
| A. | collecting bank |
| B. | dealer |
| C. | agent |
| D. | holder for value |
| Answer» E. | |
| 1112. |
In case of ………….days of grace are allowed |
| A. | withdrawal receipt |
| B. | bill of exchange |
| C. | cheque |
| D. | money order |
| Answer» C. cheque | |
| 1113. |
A minor can open and operate an account in his own name if he hasatleast attained the age of |
| A. | 12 years |
| B. | 16 years |
| C. | 15 years |
| D. | none of the above |
| Answer» B. 16 years | |
| 1114. |
.The person appointed to operate the account after his death by thedeceased himself before his I death is called |
| A. | executor |
| B. | administrator |
| C. | attorney |
| D. | none of the above |
| Answer» C. attorney | |
| 1115. |
A joint account can be opened by the banker on receipt of applicationsigned by |
| A. | majority of the joint account holders |
| B. | all joint account holders |
| C. | any joint account holder |
| D. | none of the above |
| Answer» C. any joint account holder | |
| 1116. |
A minor cannot |
| A. | accept a bill |
| B. | draw a bill |
| C. | endorse a cheque |
| D. | none of the above |
| Answer» B. draw a bill | |
| 1117. |
A bank maintains an account in the names of A & B payable jointly. Onthe death of A, the balance in the account is payable to |
| A. | |
| B. | b. a's legal representative |
| C. | b a |
| Answer» D. | |
| 1118. |
.The interest and principle amount of a loan not repaid by a customer ina bank ,the bank consider such loan as…….. |
| A. | rd |
| B. | fd |
| C. | npa |
| D. | tod |
| Answer» D. tod | |
| 1119. |
The Apex Co-operative Bank is known as |
| A. | central co-operative bank |
| B. | state co-operative bank |
| C. | rrb |
| D. | nabrd |
| Answer» C. rrb | |
| 1120. |
Net interest income is |
| A. | interest earned on advances |
| B. | interest earned on investment |
| C. | total interest earn |
| D. | on advances and investment |
| Answer» E. | |
| 1121. |
The ……….is an important function of a bank and this functiondistinguishes banks from the non banking institution. |
| A. | accepting deposit |
| B. | lending money |
| C. | creation of credit |
| D. | agency service |
| Answer» D. agency service | |
| 1122. |
………..function are the core activities of banking. |
| A. | agency and general utility |
| B. | borrowing and lending |
| C. | accepting deposit a |
| D. | borrow money |
| Answer» C. accepting deposit a | |
| 1123. |
Banks lend to special purpose vehicles (SPVs)in the private sectorregistered under………… for directly undertaking infrastructure projects. |
| A. | reserve bank of india |
| B. | state bank of india |
| C. | local courts |
| D. | companies act. |
| Answer» E. | |
| 1124. |
Banks extend need based working capital facilities as well as termloans to all NBFCs registered with……… |
| A. | companies act. |
| B. | state bank of india |
| C. | commercial bank |
| D. | reserve bank of india |
| Answer» E. | |
| 1125. |
Banks categorised housing loan ,education loan etc. as……… |
| A. | wholesale loan |
| B. | retail loan |
| C. | risk loan |
| D. | personal loan |
| Answer» C. risk loan | |
| 1126. |
Investment of banks in Govt. securities and other approved securitiesis categorised as …… |
| A. | lending |
| B. | slr-investment |
| C. | non-slr investment |
| D. | anbc |
| Answer» C. non-slr investment | |
| 1127. |
Interest rate risk is a type of |
| A. | credit risk |
| B. | market risk |
| C. | operational risk. |
| D. | all of the above |
| Answer» C. operational risk. | |
| 1128. |
Which of the following is not a motive for the companies to hold cash |
| A. | transactional motive |
| B. | precautionary motive |
| C. | lack of proper synchronization between cash inflows a |
| D. | outflows |
| Answer» E. | |
| 1129. |
In an inflationary trend ,the pricing of the bank products are |
| A. | decreasing trend |
| B. | constant |
| C. | increasing tre |
| D. | d.no relevance. |
| Answer» D. d.no relevance. | |
| 1130. |
VaR means |
| A. | value of business at risk |
| B. | value at risk |
| C. | volume on risk |
| D. | value as risk. |
| Answer» C. volume on risk | |
| 1131. |
……….is a place where inter bank claims arising on account of chequesreceived for collection by each bank drawn against other banks are settled. |
| A. | investment house |
| B. | issuehouse |
| C. | bankers clearing house |
| D. | none of these |
| Answer» D. none of these | |
| 1132. |
The primery function of central bank is to………….of the country. |
| A. | control the system |
| B. | regulate the monetary system |
| C. | plan the monetary system |
| D. | none of these |
| Answer» C. plan the monetary system | |
| 1133. |
Every central bank has the monopoly right of………. |
| A. | moral suasion |
| B. | note issue |
| C. | direct action |
| D. | credit regulation |
| Answer» C. direct action | |
| 1134. |
Open market operation is another important…………… wepon of creditcontrol.? |
| A. | qualitative |
| B. | normal |
| C. | quantitative |
| D. | none of the above |
| Answer» D. none of the above | |
| 1135. |
……………… is a method of credit control adopted by the moderncentral banks? |
| A. | consumer credit |
| B. | margin requirements |
| C. | variable reserve ratio. |
| D. | rationing of credit, |
| Answer» D. rationing of credit, | |
| 1136. |
The Govt.of India set up the ……….committee(1991) to examine allaspects relating to structure ,organisation and the functioning of the Indian banking system. |
| A. | narasimham |
| B. | malhotra |
| C. | vadia |
| D. | smith |
| Answer» B. malhotra | |
| 1137. |
……….was the first public sector bank to tap the equity market inDecember 1993 |
| A. | sbt |
| B. | pnb |
| C. | sbi |
| D. | boi |
| Answer» D. boi | |
| 1138. |
……….is automation of banks across multiple –delivery channels. |
| A. | anbc |
| B. | obe |
| C. | naba |
| D. | (d) cbs |
| Answer» E. | |
| 1139. |
Large value payment system consist of |
| A. | ecs |
| B. | rtgs |
| C. | neft |
| D. | obe |
| Answer» C. neft | |
| 1140. |
………..may be defined as an exposure to a transaction with loss ,whichoccurs with some probability and which can be expected, measured and minimised. |
| A. | profit |
| B. | loss |
| C. | risk |
| D. | opportunity |
| Answer» D. opportunity | |
| 1141. |
What is CRR? |
| A. | cash reserve ratio |
| B. | current ratio rate |
| C. | review report |
| D. | credit rating record |
| Answer» B. current ratio rate | |
| 1142. |
………….. banks are those banks which are incorporated outside Indiaand their head office are also situated outside India. |
| A. | foreign exchange bank |
| B. | schedule bank |
| C. | non-schedul |
| D. | bank |
| Answer» B. schedule bank | |
| 1143. |
Banks have adopted asset-liability management and stress testing as atool of ………. |
| A. | profit management |
| B. | risk management |
| C. | loss management |
| D. | opportunity management |
| Answer» C. loss management | |
| 1144. |
Which of the following NBFC converted itself into a commercial Bank? |
| A. | tata finance |
| B. | reliance capital trust |
| C. | birla mutual |
| D. | kotak mahindra |
| Answer» E. | |
| 1145. |
Which is the current revision & year of UCPDC? |
| A. | ucpdc 500, 1993 |
| B. | ucodc 400, 1993 |
| C. | ucpdc 300, 1973 |
| D. | none of these |
| Answer» B. ucodc 400, 1993 | |
| 1146. |
The rate of which discounting the bills of first class banks is done byRBI is called |
| A. | bank rate |
| B. | prime lending rate |
| C. | loan rate |
| D. | discounting rate |
| Answer» B. prime lending rate | |
| 1147. |
Banking ombudsman has been constituted under which act? |
| A. | banking regulation act |
| B. | rbi act |
| C. | sbi act |
| D. | copra |
| Answer» C. sbi act | |
| 1148. |
The major objective of ……..was to ensure financial safety, soundness,and solvency of banks |
| A. | prudential norms |
| B. | risk norms |
| C. | profit norms |
| D. | none of these |
| Answer» B. risk norms | |
| 1149. |
A unit of the Unit Trust of India is a |
| A. | share |
| B. | debenture |
| C. | negotiabl |
| D. | instrument |
| Answer» E. | |
| 1150. |
Indian Banks Association (IBA) has a common net working systemforsharing the ATM facilities in Mumbai, which is known as |
| A. | atm network |
| B. | shared payment network system |
| C. | cash network |
| D. | none of these |
| Answer» C. cash network | |