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.
| 1301. |
Banks fix separate cash limit and overallspending limit for each credit card. What is the disadvantage in withdrawing cash on credit cards? |
| A. | Cash withdrawn means the credit balance is reduced |
| B. | An amount is charged by the bank as cash withdrawal fees |
| C. | Cash withdrawal fees together with tax is charged to the card holder |
| D. | Less time is given for payment as compared to other debits for purchases |
| E. | None of these |
| Answer» D. Less time is given for payment as compared to other debits for purchases | |
| 1302. |
When a bank returns a cheque unpaid, it iscalled |
| A. | talking of the cheque |
| B. | payment of the cheque |
| C. | drawing of the cheque |
| D. | dishonour of the cheque |
| E. | None of these |
| Answer» E. None of these | |
| 1303. |
Where is the head quarter of sequrities and Exchange Board of India (SEBI)? |
| A. | Pune |
| B. | Bangalore |
| C. | Mumbai |
| D. | Delhi |
| E. | None of these |
| Answer» D. Delhi | |
| 1304. |
The following are main objectives of the SEBI:- |
| A. | to protect interest of investors |
| B. | to promote the development of security market |
| C. | to regulate the security market |
| D. | all of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 1305. |
IFRS stands for . |
| A. | International Financial Reporting Standards |
| B. | Indian Financial Rating Standards |
| C. | International Financial Rating Standards |
| D. | Indian Functional Reporting Standards |
| E. | None of these |
| Answer» B. Indian Financial Rating Standards | |
| 1306. |
Which of the following is known as demat accounts? |
| A. | Accounts in which share of various companies are traded in electric form. |
| B. | Accounts which are zero balance accounts |
| C. | Accounts which are operated through internet facility |
| D. | Accounts which are used for saving purpose |
| E. | None of these |
| Answer» B. Accounts which are zero balance accounts | |
| 1307. |
The Head Office of which of the following banks is in Mumbai? |
| A. | Punjab National Bank |
| B. | Bank of Maharashtra |
| C. | UCO Bank |
| D. | Union Bank of India |
| E. | None of the above |
| Answer» E. None of the above | |
| 1308. |
RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms? |
| A. | Syndicate Bank |
| B. | United Bank of India |
| C. | Indian Overseas Bank |
| D. | UCO Bank |
| E. | Vijaya Bank |
| Answer» E. Vijaya Bank | |
| 1309. |
What can be the maximum limit of CRR for a commercial bank to maintain cash with RBI? |
| A. | 55% |
| B. | 40% |
| C. | 50% |
| D. | 49% |
| E. | None of these |
| Answer» C. 50% | |
| 1310. |
What is the Cash Reserve Ratio (CRR) on 07 March 2017? |
| A. | 3.00% |
| B. | 4.00% |
| C. | 4.50% |
| D. | 5.00% |
| E. | None of these |
| Answer» C. 4.50% | |
| 1311. |
Which one of the following does not quality as priority sector lending by Commercial Banks? |
| A. | Small Industrial Loan |
| B. | Software Exports |
| C. | Small Business Loans |
| D. | Education Loans |
| E. | None of these |
| Answer» C. Small Business Loans | |
| 1312. |
Which of the following will be the authorisedoperational units? |
| A. | BBPCU |
| B. | BBPOU |
| C. | Biller |
| D. | All of the Above |
| E. | None of the Above |
| Answer» C. Biller | |
| 1313. |
Financial inclusion is meant for - |
| A. | Less privileged persons |
| B. | Senior citizens |
| C. | Micro finance institutions |
| D. | All the above |
| E. | None of these |
| Answer» B. Senior citizens | |
| 1314. |
The promoters of Local Area Banks may comprise |
| A. | individuals |
| B. | corporate entities |
| C. | trusts and societies |
| D. | accepts deposits from public |
| E. | all of the above |
| Answer» F. | |
| 1315. |
Currency Swap is an instrument to manage |
| A. | currency risk |
| B. | interest rate risk |
| C. | currency and interest rate risk |
| D. | cash flows in different currency |
| E. | All of the above |
| Answer» E. All of the above | |
| 1316. |
GATT stands for: |
| A. | General Agreement on Tariffs, Tradition and Trade |
| B. | General Agreement on Tradition and Trade |
| C. | General Agreement on Tariffs and Trade |
| D. | None of The Above |
| E. | None of these |
| Answer» D. None of The Above | |
| 1317. |
Which of the following terms is NOT used in the field of Banking & Finance ? |
| A. | Overdraft |
| B. | Base Line |
| C. | RTGS |
| D. | GBC |
| E. | None of these |
| Answer» C. RTGS | |
| 1318. |
Invisible export means export of . |
| A. | Services |
| B. | Prohibited goods |
| C. | Unrecorded goods |
| D. | Goods through smuggling |
| E. | None of these |
| Answer» B. Prohibited goods | |
| 1319. |
Who invented the first operational ATM ? |
| A. | John Conner |
| B. | John Smith Adam |
| C. | Adam Carter |
| D. | John Shepherd Barron |
| E. | John Sayer |
| Answer» E. John Sayer | |
| 1320. |
Which of the following banks recently launched 'Mingle', a social media banking platform for Facebook and Twitter users? |
| A. | HDFC Bank |
| B. | ICICI Bank |
| C. | Axis Bank |
| D. | SBI |
| E. | Federal Bank |
| Answer» E. Federal Bank | |
| 1321. |
A endorsement includes the words "FOR DEPOSIT ONLY": |
| A. | Restrictive |
| B. | Predictive |
| C. | Conductive |
| D. | Both a) and c) |
| E. | None of These |
| Answer» B. Predictive | |
| 1322. |
In which of the following States there is no Regional Rural Bank? |
| A. | Karnataka |
| B. | Goa |
| C. | Uttarakhand |
| D. | Himachal Pradesh |
| E. | Punjab |
| Answer» C. Uttarakhand | |
| 1323. |
Indian Depository Receipt (IDR) is the? |
| A. | Proof of an Indian company’s share |
| B. | Is an unsecured money market instrument |
| C. | Proof of ownership of foreign company’s share |
| D. | Proof of earnings or profits of Indian Companies |
| E. | All of these |
| Answer» D. Proof of earnings or profits of Indian Companies | |
| 1324. |
Asset Reconstruction Company is associatedwith..........? |
| A. | DICGC |
| B. | ECGC |
| C. | NPA |
| D. | SEBI |
| E. | None of the above |
| Answer» D. SEBI | |
| 1325. |
Open Money Market is a place for selling andbuying of financial instrument by . |
| A. | All financial institutions |
| B. | Only by Commercial Banks |
| C. | Only by Common Banks |
| D. | Indian Government |
| E. | None of the above |
| Answer» B. Only by Commercial Banks | |
| 1326. |
Bank advances of a Bank are called: |
| A. | Bad debt |
| B. | Book debt |
| C. | Non performing Asset |
| D. | Out of order accounts |
| E. | Overdrawn accounts |
| Answer» D. Out of order accounts | |
| 1327. |
Which of the following is NOT required foropening a bank account? |
| A. | Identity Proof |
| B. | Address Proof |
| C. | Recent Photographs |
| D. | Domicile Certificate |
| E. | None of these |
| Answer» E. None of these | |
| 1328. |
Which of the following types of cards is free from credit risk? |
| A. | Credit card |
| B. | Debit card |
| C. | Prepaid cards |
| D. | Charge cards |
| E. | Both (c) and (d) |
| Answer» C. Prepaid cards | |
| 1329. |
Which bank was earlier called the ''Imperial Bank of India'' ? |
| A. | RBI |
| B. | SBI |
| C. | IDBI |
| D. | DENA Bank |
| E. | None of these |
| Answer» C. IDBI | |
| 1330. |
Which of the following appears in the balance sheet of a company? |
| A. | Subscribed Capital |
| B. | Authorized Capital |
| C. | Partner’s Capital |
| D. | Paid up Capital |
| E. | None of these |
| Answer» E. None of these | |
| 1331. |
A company which pools money from investors and invests in stocks, bonds, shares is called ? |
| A. | A bank |
| B. | An insurance company |
| C. | Bancassurance |
| D. | Mutual Fund |
| E. | None of the above |
| Answer» E. None of the above | |
| 1332. |
What does AGM stand for? |
| A. | Asian General Meeting |
| B. | American General Meeting |
| C. | Academic General Meeting |
| D. | Annual General Meeting |
| E. | None of these |
| Answer» E. None of these | |
| 1333. |
Headquarters of Asian Development Bank in |
| A. | Mandaluyong, Philippines |
| B. | New Delhi, India |
| C. | Beijing, China |
| D. | Washington, D.C., USA |
| E. | None of these |
| Answer» B. New Delhi, India | |
| 1334. |
A cheque which is not crossed is called |
| A. | Open cheque |
| B. | Uncrossed cheque |
| C. | Order cheque |
| D. | Bearer cheque |
| E. | None of these |
| Answer» B. Uncrossed cheque | |
| 1335. |
A Credit Guarantee Trust Fund has been setup for guaranteeing Collateral Free Facilities by lending institutions to Small Scale Industries. This fund is being managed by which of the following institutions? |
| A. | IDBI |
| B. | NABARD |
| C. | SBI |
| D. | SIDBI |
| E. | RBI |
| Answer» E. RBI | |
| 1336. |
The Indian Financial System Code (IFS Code)is an alphanumeric code that uniquely identifies a bank-branch participating in the two main Electronic Funds Settlement Systems in India. IFSC code consists of how many alphanumeric codes? |
| A. | 10 |
| B. | 11 |
| C. | 9 |
| D. | 12 |
| E. | 8 |
| Answer» C. 9 | |
| 1337. |
A bond issued at a price less than its face value and payable on its due date at its face value bearing no ROI (Rate of Interest) iscalled . |
| A. | Preference Bond |
| B. | Zero Coupon Bond |
| C. | Convertible Bond |
| D. | Perpetual Bond |
| E. | Sovereign Bond |
| Answer» C. Convertible Bond | |
| 1338. |
The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form- |
| A. | Reserve Bank of India |
| B. | Imperial Bank of India |
| C. | Bank of India |
| D. | Union Bank of India |
| E. | None of these |
| Answer» C. Bank of India | |
| 1339. |
Living, Breathing Asia is the tagline of |
| A. | DBS Bank |
| B. | Bank of America |
| C. | CITI Bank |
| D. | Deutsche Bank |
| E. | none of these |
| Answer» B. Bank of America | |
| 1340. |
Find the odd man out when it comes to sanctioning of loans to a customer? |
| A. | Borrowing |
| B. | Lending |
| C. | Advancing |
| D. | Procuring |
| E. | Extending credit |
| Answer» E. Extending credit | |
| 1341. |
In India, scheduled commercial banks are those banks included |
| A. | In the Second Schedule of RBI Act,1943 |
| B. | In the Second Schedule of BR Act,1949 |
| C. | In the Second Schedule of NI Act, 1881 |
| D. | In the Second Schedule of Companies Act,1956 |
| E. | None of these |
| Answer» C. In the Second Schedule of NI Act, 1881 | |
| 1342. |
RBI doesn‘t have an office in |
| A. | Jaipur |
| B. | Bhopal |
| C. | Kanpur |
| D. | Shimla |
| E. | None of these |
| Answer» E. None of these | |
| 1343. |
Expand FIPB – |
| A. | Foreign Investment Promotion Brochure |
| B. | Foreign Investment Production Board |
| C. | Foreign Investment Promotion Board |
| D. | Foreign Direct Investment Promotion Board |
| E. | None of these |
| Answer» D. Foreign Direct Investment Promotion Board | |
| 1344. |
What is the maximum period within which the aggrieved customer can approachOMBUSAMAN? |
| A. | Within 2 year |
| B. | Within 1 year |
| C. | Within one month |
| D. | No such limitation period |
| E. | None of the above |
| Answer» C. Within one month | |
| 1345. |
FDR is: |
| A. | Fix Date Rate |
| B. | Fixed Deposit Receipt |
| C. | Full Date Rate |
| D. | All of the above |
| E. | None of these |
| Answer» C. Full Date Rate | |
| 1346. |
The bank rate is the rate at which |
| A. | A bank lends to the public |
| B. | The RBI lends to the public |
| C. | The RBI gives to the commercial banks |
| D. | The government of India lends to other countries |
| E. | None of these |
| Answer» D. The government of India lends to other countries | |
| 1347. |
What are the facilities available to thecustomers through ATM |
| A. | Cash withdrawal subject to a predetermined limit per day |
| B. | Cash deposit |
| C. | Balance enquiry |
| D. | details of certain number of transactions |
| E. | all of the above |
| Answer» F. | |
| 1348. |
Co-Operative Development Bank was set up by . |
| A. | NABARD |
| B. | RBI |
| C. | SBI |
| D. | Central Government |
| E. | State Government |
| Answer» B. RBI | |
| 1349. |
Who is the ex-officio chairperson of the Monetary policy Committee (MPC)? |
| A. | Finance secretary, Government of India |
| B. | Finance Minister |
| C. | RBI Governor |
| D. | Chief Economic Advisor to Government of India |
| E. | Prime Minister |
| Answer» D. Chief Economic Advisor to Government of India | |
| 1350. |
Banking loan against property requires the asset to be free from encumbrances. What does it mean? |
| A. | The asset to be free from any liability |
| B. | The asset to be properly registered |
| C. | The property to be fully constructed |
| D. | The asset should not have multiple owners |
| E. | None |
| Answer» B. The asset to be properly registered | |