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.
| 1201. |
The three banks recently have entered in a Mega ATM sharing pact. Theyare |
| A. | sbi, icici, & b |
| B. | sbi, icici, hd |
| C. | icici, andhra bank, hdfc |
| D. | andhra bank, canara bank, sbi |
| Answer» C. icici, andhra bank, hdfc | |
| 1202. |
Devaluation of currency stands for |
| A. | reducing the value of internal currency in terms of foreign currency |
| B. | increasing the value of indian currency in terms of foreign currency |
| C. | keeping the value of internal currency constant in terms of foreign currency |
| D. | none of these |
| Answer» B. increasing the value of indian currency in terms of foreign currency | |
| 1203. |
Pari Passu charge refers to a charge |
| A. | ranking in priority, regardless of quantum of advances |
| B. | merely notional in nature |
| C. | ranking equally in priority in proportion to the lender’s share of advance |
| D. | none of these |
| Answer» D. none of these | |
| 1204. |
What are the four categories as per Kapur Committee recommendations forloan applications under SSI segment |
| A. | upto 2 lacs, upto 15 lacs, upto 25 lacs, and above 25 lacs |
| B. | upto 10 lacs, upto 25 lacs, upto 50 lacs and above 50 lacs |
| C. | upto 2 lacs, upto 1 crores, upto 2 crores, a |
| D. | above 2 crores |
| Answer» B. upto 10 lacs, upto 25 lacs, upto 50 lacs and above 50 lacs | |
| 1205. |
The area of operation of …………banks are maximum of three geographicallyneighbouring districts and they are allowed to open branches only in their area of operation. |
| A. | local area banks |
| B. | co-operative banks |
| C. | rrb |
| D. | foreign exchange banks |
| Answer» B. co-operative banks | |
| 1206. |
The banker advances money against immovable property only when theproperty is ……….to the banker. |
| A. | loan |
| B. | mortgaged. |
| C. | pledg |
| D. | hypothicated |
| Answer» C. pledg | |
| 1207. |
Which commission recommented the foundation of RBI |
| A. | sarkaria commission |
| B. | hilton young commission |
| C. | narasimha commission |
| D. | none of these |
| Answer» C. narasimha commission | |
| 1208. |
EXIM Bank was set up on |
| A. | january1, 1982 |
| B. | january 26,1989 |
| C. | march 15,1981 |
| D. | march15,1982 |
| Answer» B. january 26,1989 | |
| 1209. |
At what frequency can Banks pay interest on Saving Bank Account asperRBI guidelines |
| A. | monthly |
| B. | quarterly |
| C. | half yearly |
| D. | yearly |
| Answer» D. yearly | |
| 1210. |
The VSAT communication network for banks and financialinstitutionslaunched by RBI is known as |
| A. | swift |
| B. | sbi net |
| C. | bank net |
| D. | infinet |
| Answer» E. | |
| 1211. |
………………..is a transaction where by money is borrowed by the debtor onthe security of the movable property. |
| A. | hypothication |
| B. | mortage |
| C. | pledge |
| D. | charge |
| Answer» B. mortage | |
| 1212. |
Which bank has become the first foreign bank to open a branch inIsrael'sdiamond exchange: |
| A. | american express bank |
| B. | citibank |
| C. | standa |
| D. | chartered bank |
| Answer» E. | |
| 1213. |
Most modern banking systems are based on |
| A. | money of intrinsic value. |
| B. | commodity money. |
| C. | 100 percent reserves |
| D. | fractional reserves. |
| Answer» E. | |
| 1214. |
RBI controls money market qualitatively through |
| A. | open market operation |
| B. | selective credit control |
| C. | bank rate |
| D. | none of the above. |
| Answer» C. bank rate | |
| 1215. |
What unique distinction do the General Bank of India and the Bank ofHindustan founded in and around 1786 posses in the context of Indian banking history? |
| A. | they are not registered banks |
| B. | they are owned by rbi |
| C. | they are first indian banks |
| D. | they are nationalized banks. |
| Answer» D. they are nationalized banks. | |
| 1216. |
What was established in Kolkata on 1 st April 1935 in accordance with the provision of an act of the same name passed in 1934? |
| A. | sbi |
| B. | rbi |
| C. | icici |
| D. | idbi |
| Answer» C. icici | |
| 1217. |
Which bank operates on behalf of the SBI in Nigeria and was establishedin 1981? |
| A. | sbi |
| B. | rbi |
| C. | icici |
| D. | inmb |
| Answer» E. | |
| 1218. |
The Imperial Bank of India was re-named on 30th April 1955 as what? |
| A. | sbi |
| B. | rbi |
| C. | icici |
| D. | idbi |
| Answer» B. rbi | |
| 1219. |
Lead banking scheme is meant for….. |
| A. | Widening banking service |
| B. | Modernizing banking service |
| C. | Channelizing credit |
| D. | Increasing profit of Commercial Banks |
| Answer» B. Modernizing banking service | |
| 1220. |
“Customer” is defined in …………. |
| A. | Banking Regulation Act |
| B. | Negotiable instrument Act |
| C. | RBI Act |
| D. | None of these |
| Answer» E. | |
| 1221. |
Merchant banking includes |
| A. | Managing issues of shares |
| B. | Opening branches in mandis or bazaars |
| C. | Financing intermediary businessman |
| D. | None of the above |
| Answer» B. Opening branches in mandis or bazaars | |
| 1222. |
Credit rationing is a…………. method of credit control |
| A. | Quantitative |
| B. | Qualitative |
| C. | Direct |
| D. | Continues credit control |
| Answer» C. Direct | |
| 1223. |
Schedule banks are those banks which are included in the …………. |
| A. | Second schedule of the Reserve Bank of India Act 1934 |
| B. | Third schedule of the Reserve Bank of India Act 1934 |
| C. | Fifth schedule of the Reserve Bank of India Act 1934 |
| D. | None of the above |
| Answer» B. Third schedule of the Reserve Bank of India Act 1934 | |
| 1224. |
………..constitute the largest source of funds for the bank |
| A. | Cash |
| B. | Loan |
| C. | Deposit |
| D. | Commission |
| Answer» D. Commission | |
| 1225. |
Collection of cheques for the customer is a ……………… function of banks |
| A. | Agency |
| B. | Trustee |
| C. | lending |
| D. | Innovative |
| Answer» B. Trustee | |
| 1226. |
The endorser will not liable to the holder on dishonor of a negotiable instrument if hemakes…. |
| A. | Sans-recourse endorsement |
| B. | Facultative endorsement |
| C. | Sans-frais endorsement |
| D. | None of the above |
| Answer» B. Facultative endorsement | |
| 1227. |
After a customer closed his account….. |
| A. | The banker is not liable to observe the secrecy of his account |
| B. | The banker still liable to keep secrecy |
| C. | The banker’s duty of secrecy comes to an end in terms of the provisions of the Negotiable Instrument Act |
| D. | None of the above. |
| Answer» C. The banker’s duty of secrecy comes to an end in terms of the provisions of the Negotiable Instrument Act | |
| 1228. |
“Sans recourse” means…. |
| A. | I am not afraid |
| B. | Do not touch me |
| C. | Ask the drawer |
| D. | Without liability to me |
| Answer» E. | |
| 1229. |
The relationship between a banker and its customer is basically …… |
| A. | A debtor and a creditor |
| B. | A trustee and the beneficiary |
| C. | A principal and agent |
| D. | None of the above |
| Answer» B. A trustee and the beneficiary | |
| 1230. |
How many banks were nationalized India in the second stretch? |
| A. | 6 |
| B. | 9 |
| C. | 10 |
| D. | 15 |
| Answer» B. 9 | |
| 1231. |
Who is authorized to issue coins in India? |
| A. | RBI |
| B. | Ministry of finance |
| C. | SBI |
| D. | None of these |
| Answer» C. SBI | |
| 1232. |
Banks create money by |
| A. | Liberal credit |
| B. | Differential instrument |
| C. | Accepting deposit |
| D. | All of the above |
| Answer» E. | |
| 1233. |
The term bank is derived from the German word ‘Banc’ which means……. |
| A. | Security |
| B. | Safety |
| C. | Money |
| D. | Joint stock fund |
| Answer» E. | |
| 1234. |
What is the expansion of IDBI? |
| A. | Industrial development bank of India |
| B. | Institutional development bank of India |
| C. | Insurance development bank of India |
| D. | None of the above |
| Answer» B. Institutional development bank of India | |
| 1235. |
On…………14 banks with deposit of 50 crores or more taken over by the Governmentof India |
| A. | 1st April 1947 |
| B. | 19th July 1969 |
| C. | 1st November 1954 |
| D. | 31st March 1975 |
| Answer» C. 1st November 1954 | |
| 1236. |
Internet is the cheapest of all banking channel and helps banks to gain substantially in termsof……. Cost |
| A. | Auditing |
| B. | Deposit |
| C. | Investment |
| D. | Transaction |
| Answer» E. | |
| 1237. |
A document issued by the bank to acknowledge the receipt of a fixed sum of moneydeposited…. Is called |
| A. | Collection receipt |
| B. | Pay in slip |
| C. | Fixed deposit receipt |
| D. | Bond |
| Answer» D. Bond | |
| 1238. |
………..is continues arrangement between a Commercial Bank and a business concernfor the purchase of book debt of the business concern. |
| A. | Leasing |
| B. | Venture capital finance |
| C. | Factoring |
| D. | Credit rating |
| Answer» D. Credit rating | |
| 1239. |
The RBI was originally constituted as a shareholder bank with a share capital of …. |
| A. | 50 lakh |
| B. | 100 lakh |
| C. | 10 crore |
| D. | 5 crore |
| Answer» E. | |
| 1240. |
The first bank established in India was…. |
| A. | Bank of Bengal |
| B. | Bank of Hindustan |
| C. | Allahabad Bank |
| D. | Punjab National Bank |
| Answer» C. Allahabad Bank | |
| 1241. |
Cancellation of crossing can be done by |
| A. | Holder of the cheque |
| B. | payee of the cheque |
| C. | Drawer of the cheque |
| D. | None of the above |
| Answer» D. None of the above | |
| 1242. |
….banks are those banks which are incorporated outside India and their head offices are alsosituated outside India |
| A. | Foreign banks |
| B. | Scheduled banks |
| C. | Non- scheduled banks |
| D. | Commercial banks |
| Answer» B. Scheduled banks | |
| 1243. |
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 | |
| 1244. |
NABARD is a … |
| A. | Department of RBI |
| B. | Wholly owned subsidiary of RBI |
| C. | Subsidiary of RBI |
| D. | None of the above |
| Answer» E. | |
| 1245. |
The banker advances money against immovable property only when the property is….. to thebanker |
| A. | Mortgaged |
| B. | Pledged |
| C. | Hypothecated |
| D. | None of these |
| Answer» B. Pledged | |
| 1246. |
The Canada Pension Plan Investment Board(CPPIB) received the Reserve Bank of India's approval to increase its stake beyond five per cent to 10 per cent in |
| A. | Axis Bank |
| B. | Kotak Mahindra Bank |
| C. | YES Bank |
| D. | IDFC Bank |
| E. | Federal Bank |
| Answer» C. YES Bank | |
| 1247. |
When Reserve Bank intends to increase credit by the banking system, it |
| A. | Reduces the bank rate |
| B. | Raises the bank rate |
| C. | Freezes the bank rate |
| D. | None of these |
| E. | All of these |
| Answer» B. Raises the bank rate | |
| 1248. |
The capital markets regulatory authority has supervision over: |
| A. | Stock exchanges |
| B. | Foreign institutional investors |
| C. | Equity and debt raisers |
| D. | Mutual funds |
| E. | All the above |
| Answer» F. | |
| 1249. |
Which of the following terms is used inbanking and finance? |
| A. | Abiotic |
| B. | Demand Deposit |
| C. | Fat scales |
| D. | A diabetic |
| E. | None of these |
| Answer» C. Fat scales | |
| 1250. |
YES Bank recently deferred its $1-bn equityraising plan. The bank was panning to raise money through QIP, which means |
| A. | Quantitative Institutional Placement |
| B. | Qualitative Institutional Placement |
| C. | Quintessential Institutional Placement |
| D. | Qualified Institutional Placement |
| E. | None of these |
| Answer» E. None of these | |