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.
| 1251. |
Which of the following negotiable instruments can be crossed to the banks? |
| A. | Bills of Exchange |
| B. | Cheques |
| C. | Drafts |
| D. | None of these |
| E. | All of these |
| Answer» B. Cheques | |
| 1252. |
What does RBI regulate through Open Market Operation Transactions? |
| A. | Flow of Foreign Direct Investment |
| B. | Borrowing powers of the banks |
| C. | Inflation |
| D. | Liquidity in economy |
| E. | None of these |
| Answer» E. None of these | |
| 1253. |
Asian Development bank is a regional development bank established in : |
| A. | 1949 |
| B. | 1953 |
| C. | 1966 |
| D. | 1969 |
| E. | 1975 |
| Answer» D. 1969 | |
| 1254. |
Service Area Approach (SAA) is associatedWith? |
| A. | Development banks |
| B. | Branches of commercial banks situated in metro cities |
| C. | Urban branches of commercial banks |
| D. | Rural and Semi-urban branches of commercial banks |
| E. | None of these |
| Answer» E. None of these | |
| 1255. |
Who headed the RBI panel that has submitted its report titled 'Data Format for Furnishing of Credit Information to Credit Information Companies'. |
| A. | Urjit Patel |
| B. | Aditya Puri |
| C. | R.Gandhi |
| D. | A.K.Sharma |
| E. | None |
| Answer» C. R.Gandhi | |
| 1256. |
If the customer can do all transactions only in a branch and the branch has no online access, it is called . |
| A. | Online Banking |
| B. | Internet Banking |
| C. | Virtual Banking |
| D. | Brick and Mortar Banking |
| E. | None of these |
| Answer» E. None of these | |
| 1257. |
Which of the following is not a tool in the hands of RBI to control the inflationary pressure in the country? |
| A. | Bank Rate (BR) |
| B. | Special Drawing Rights (SDR) |
| C. | Statutory Liquidity Ratio (SLR) |
| D. | Cash Reserve Ratio (CRR) |
| E. | None of these |
| Answer» C. Statutory Liquidity Ratio (SLR) | |
| 1258. |
New Bank of India was merged with whichbank? |
| A. | Bank of Baroda |
| B. | PNB |
| C. | Central Bank of India |
| D. | SBI |
| E. | None of the given options is true |
| Answer» C. Central Bank of India | |
| 1259. |
Which Bank has launched IT InnovationStart-up Fund to support start-ups in the financial technology (finetech) space? |
| A. | Punjab National Bank |
| B. | Canara Bank |
| C. | State Bank of India |
| D. | Syndicate Bank |
| E. | None of these |
| Answer» D. Syndicate Bank | |
| 1260. |
Identify the odd one out from the following benefits of RTGS. |
| A. | Settlement is immediate |
| B. | Suited for only lower value transactions |
| C. | Lowers the settlement risk |
| D. | Avoids credit risk while settlement |
| E. | Settled at real time |
| Answer» C. Lowers the settlement risk | |
| 1261. |
Accounts are allowed to be operated bycheques in respect of? |
| A. | Both savings bank accounts and fixed deposit accounts. |
| B. | Savings bank accounts and current accounts. |
| C. | Both savings bank accounts and loan accounts. |
| D. | Both savings bank accounts and cash accounts only. |
| E. | Both current accounts and fixed deposit accounts. |
| Answer» C. Both savings bank accounts and loan accounts. | |
| 1262. |
Which of the following is an example of cash less purchase? |
| A. | Debit card |
| B. | Credit card |
| C. | ATM withdrawal |
| D. | All of the above |
| E. | None |
| Answer» E. None | |
| 1263. |
The Reserve Bank of India imposed how much penalty on Bank of Baroda in the alleged Rs 6000 crore forex related irregularities that came to light in October last year? |
| A. | Rs 5 crore |
| B. | Rs 7 crore |
| C. | Rs 5.5 crore |
| D. | Rs 6.2 crore |
| E. | Rs 6 crore |
| Answer» B. Rs 7 crore | |
| 1264. |
Which of the following banks was first to establish merchant banking business in India? |
| A. | ABN Amro Bank |
| B. | Citibank |
| C. | HDFC Bank |
| D. | Standard chartered |
| E. | Grindlays Bank |
| Answer» F. | |
| 1265. |
Pawan Kumar Bajaj is the MD and CEO of |
| A. | United Bank of India |
| B. | Dena Bank |
| C. | Bank of Maharashtra |
| D. | Allahabad Bank |
| E. | None of these |
| Answer» B. Dena Bank | |
| 1266. |
Which was the first bank to set up talkingATM in India? |
| A. | State Bank of India |
| B. | Punjab National Bank |
| C. | Union Bank OF India |
| D. | Axis Bank |
| E. | None of these |
| Answer» D. Axis Bank | |
| 1267. |
Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is: |
| A. | Fixed Income |
| B. | Specific Fund |
| C. | Close Ended |
| D. | Open Ended |
| E. | Mixed Fund |
| Answer» E. Mixed Fund | |
| 1268. |
Where is the head quarter of International monetary fund (IMF)? |
| A. | London |
| B. | New York |
| C. | Washington DC |
| D. | Paris |
| E. | None of these |
| Answer» D. Paris | |
| 1269. |
Expand terms means IFRS |
| A. | Indian Financial Review Standards |
| B. | Indian Financial Reporting Standards |
| C. | International Financial Review Standards |
| D. | International Financial Reporting Standards |
| E. | None of these |
| Answer» E. None of these | |
| 1270. |
The Base rate of each bank is to be reviewedafter every |
| A. | Quarter |
| B. | Month |
| C. | Year |
| D. | Week |
| E. | None of these |
| Answer» B. Month | |
| 1271. |
The term ‗transfer‘ is defined under |
| A. | Foreign Exchange Management Act, 1999 |
| B. | Companies Act, 2013 |
| C. | RBI Act 1934 |
| D. | All of these |
| E. | None of these |
| Answer» B. Companies Act, 2013 | |
| 1272. |
When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as ? |
| A. | Internet banking |
| B. | Universal banking |
| C. | Virtual Banking |
| D. | Wholesale banking |
| E. | None of these |
| Answer» C. Virtual Banking | |
| 1273. |
"Allonge" is |
| A. | A piece of paper for making endorsements |
| B. | A piece of paper attached to a negotiable instrument for making available more space for further endorsements |
| C. | Both a and b |
| D. | Duplicate DD issued to a customer |
| E. | Bill payable after sight |
| Answer» C. Both a and b | |
| 1274. |
IFSC in a cheque means: |
| A. | Indian Financial System Code |
| B. | It has 11 digits alpha numeric |
| C. | First 4 digits represent Bank Name |
| D. | This code is used in remitting funds through RTGS and NEFT |
| E. | All the above |
| Answer» F. | |
| 1275. |
Which of the following fall under the qualitative method of credit control adopted by the Reserve bank of India? |
| A. | Selective credit control |
| B. | Moral suasion |
| C. | Credit authorization scheme |
| D. | All the above |
| E. | None of these |
| Answer» E. None of these | |
| 1276. |
Magnetic Ink Character Recognition (MICR) is a 9 digits code is used mainly by the banking industry to ease the processing and clearance of cheques and other documents. The first three digits represent the . |
| A. | Bank |
| B. | City |
| C. | State |
| D. | Branch |
| E. | None of these |
| Answer» C. State | |
| 1277. |
A person writes a cheque to make payment to someone. Which of the following must be mentioned on the cheque to complete the transaction successfully? |
| A. | Name of the payee |
| B. | A valid amount |
| C. | A valid date |
| D. | Drawer's signature |
| E. | All the above |
| Answer» F. | |
| 1278. |
has become the first state in India to launch RBI‘s e- payment system for commercial tax payers. |
| A. | Karnataka |
| B. | Assam |
| C. | Kerala |
| D. | Tamil Nadu |
| E. | Andhra Pradesh |
| Answer» B. Assam | |
| 1279. |
is defined as a sustained increase in the general level of prices for goods and services. |
| A. | Deflation |
| B. | WPI |
| C. | Inflation |
| D. | CPI |
| E. | None of these |
| Answer» D. CPI | |
| 1280. |
A is an institution which accepts deposits, makes business loans and other related services |
| A. | Development bank |
| B. | Savings bank |
| C. | Commercial bank |
| D. | Indigenous bank |
| E. | Local area bank |
| Answer» D. Indigenous bank | |
| 1281. |
The higher denomination banknotes in Rs. 1,000 ,Rs. 5,000 , Rs. 10,000 were reintroduced by RBI in the year |
| A. | 1948 |
| B. | 2016 |
| C. | 1979 |
| D. | 1954 |
| E. | None of these |
| Answer» E. None of these | |
| 1282. |
Currency notes deposited in the currency chest are the property of ? |
| A. | Respective bank |
| B. | RBI |
| C. | SBI |
| D. | Government of India |
| E. | Respective state Government |
| Answer» C. SBI | |
| 1283. |
Presently which Indian bank has the largest number of foreign branches? |
| A. | SBI |
| B. | Canara Bank |
| C. | Bank of Baroda |
| D. | Bank of India |
| E. | None of the above |
| Answer» D. Bank of India | |
| 1284. |
What is the condition for a bank to be called a "Scheduled Bank" ? |
| A. | Its business has to be crossed Rs. 1000 Cr mark |
| B. | Its branch network should be over 100 |
| C. | It should be included in the second schedule of the RBI act |
| D. | It should comply with all the above conditions |
| E. | None of these |
| Answer» C. It should be included in the second schedule of the RBI act | |
| 1285. |
Local Area Banks |
| A. | are licensed under the Banking Regulation Act, 1956 |
| B. | are eligible for inclusion in the Second Schedule to the Reserve bank of India Act, 1934 |
| C. | Have minimum paid up capital of Rs. 5 crore with promoters’ contribution being at least Rs. 2 crore |
| D. | all of the above |
| E. | none of the above |
| Answer» E. none of the above | |
| 1286. |
Why reserve bank of India is called custodian of foreign balances of the country? |
| A. | because government delegates RBI to redistribute the foreign currencies in India |
| B. | because RBI maintains both gold and foreign currencies as reserves against note issues |
| C. | because RBI is delegated by the Government to absorb all the foreign currency in India |
| D. | b and c |
| E. | None of the above |
| Answer» C. because RBI is delegated by the Government to absorb all the foreign currency in India | |
| 1287. |
IDBI was established ina)1961 |
| A. | 15%b)1962 |
| B. | 20%c)1963 |
| C. | 25%d)1964 |
| D. | 30%e)1965 |
| E. | None of the Above |
| Answer» E. None of the Above | |
| 1288. |
The term ‗Merchant Banking‘ connotes |
| A. | Services rendered by banks for merchants and traders capital requirements to merchants covered under DICGC Guarantee Scheme |
| B. | Telegraphic transfers effected by merchants |
| C. | Catering to the needs of corporate customers raising finance |
| D. | All of the above |
| E. | none of the above |
| Answer» D. All of the above | |
| 1289. |
RBI known as lender of last restore because: |
| A. | It has to meet the credit need to citizens to whom no one else is willing to lend |
| B. | Banks lend to go to RBI as a last restore |
| C. | It comes to help banks in times of crisis |
| D. | All of the above |
| E. | None of these |
| Answer» D. All of the above | |
| 1290. |
Which of the following is an investmentstrategy in which a fund invests in other types of funds? |
| A. | Bond |
| B. | Securities |
| C. | Stock |
| D. | Funds of Fund |
| E. | None of these |
| Answer» E. None of these | |
| 1291. |
is the largest stake holder in the National Securities Depository Limited? |
| A. | SBI |
| B. | Corporation Bank |
| C. | Syndicate Bank |
| D. | IDBI Bank |
| E. | ICICI Bank |
| Answer» E. ICICI Bank | |
| 1292. |
Which of the following stock exchange isderecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning? |
| A. | Bombay Stock Exchange |
| B. | Delhi Stock Exchange |
| C. | Calcutta Stock Exchange |
| D. | Bangalore Stock Exchange |
| E. | None of the above |
| Answer» C. Calcutta Stock Exchange | |
| 1293. |
Which of the following type of budgeting being used in India? |
| A. | Balanced Budget |
| B. | Zero base Budget |
| C. | Receipts Budget |
| D. | All of the above |
| E. | None of these |
| Answer» E. None of these | |
| 1294. |
Current deposits are also known as |
| A. | Time Deposits |
| B. | Demand Deposits |
| C. | Recurring Deposits |
| D. | Fixed Deposits |
| E. | None of these |
| Answer» C. Recurring Deposits | |
| 1295. |
Foreign Direct Investment limit in privatesector banks is? |
| A. | 75 percent |
| B. | 74 percent |
| C. | 77 percent |
| D. | 78 percent |
| E. | None of these |
| Answer» C. 77 percent | |
| 1296. |
In which year was the Reserve Bank of India established ? |
| A. | 1935 |
| B. | 1947 |
| C. | 1949 |
| D. | 1952 |
| E. | None of these |
| Answer» B. 1947 | |
| 1297. |
A rise in the reserve ratio of banks ? |
| A. | Will lead to an increase in the money supply |
| B. | Will lead to a proportionate increase in the money supply |
| C. | Will lead to a decrease in the money supply |
| D. | Will have no impact on money supply |
| E. | None of the above |
| Answer» D. Will have no impact on money supply | |
| 1298. |
Which of the following can be categories as aMerchant Banking service? |
| A. | Consultancy on finance to a company |
| B. | Advance in capital structure |
| C. | Managing mergers |
| D. | Helping in finalizing take over |
| E. | All the above |
| Answer» F. | |
| 1299. |
The short term loans given to the farmers are the loans given normally for a period of |
| A. | three months |
| B. | six months |
| C. | nine months |
| D. | one year |
| E. | fifteen months |
| Answer» E. fifteen months | |
| 1300. |
Obtaining cash from an ATM is similar to: |
| A. | Writing a Cheque |
| B. | Open any Account |
| C. | Any banking transaction |
| D. | Both a) and b) |
| E. | None of These |
| Answer» B. Open any Account | |