MCQOPTIONS
Saved Bookmarks
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.
| 1351. |
National Housing Bank(NHB) was set upunder |
| A. | National Housing Bank Act, 1987 |
| B. | National Housing Bank Act, 1977 |
| C. | National Housing Bank Act, 1967 |
| D. | National Housing Bank Act, 1957 |
| E. | None of the Above |
| Answer» B. National Housing Bank Act, 1977 | |
| 1352. |
Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks? |
| A. | LIC |
| B. | SIDBI |
| C. | NABARD |
| D. | SBI |
| E. | Other than those given as options |
| Answer» E. Other than those given as options | |
| 1353. |
If the RBI wants to infuse credit in Banking system in our country, which of the followings can be done? |
| A. | Decreasing CRR |
| B. | Decreasing SLR |
| C. | Both (a) and (b) |
| D. | None of the above |
| E. | Cannot be determined |
| Answer» D. None of the above | |
| 1354. |
Monetary Policy of RBI does not include ? |
| A. | Control the supply of Money |
| B. | Reduction of taxes |
| C. | Fixation of rate of interest (least in some categories) |
| D. | Fixation of Repo rate and Reverse Repo rate |
| E. | Fixation of Cash |
| Answer» C. Fixation of rate of interest (least in some categories) | |
| 1355. |
At Present, What is the maximum amount thata payment bank can accept from a depositer? |
| A. | Rs.5 lakhs |
| B. | Rs.1 lakh |
| C. | Rs.2 lakhs |
| D. | Rs.75000 |
| E. | None of these |
| Answer» C. Rs.2 lakhs | |
| 1356. |
Payment of a cheque cannot be made on acash counter of the bank if the cheque is:- |
| A. | bearer |
| B. | cross |
| C. | order |
| D. | all of the above. |
| E. | None of these |
| Answer» C. order | |
| 1357. |
Which of the following allowed Non-ResidentIndians (NRI) to subscribe to NPS? |
| A. | SEBI |
| B. | EXIM Bank |
| C. | GOI |
| D. | RBI |
| E. | None of these |
| Answer» E. None of these | |
| 1358. |
Which is the financial year of Reserve Bank ofIndia? |
| A. | April-March |
| B. | July-June |
| C. | October-September |
| D. | January-December |
| E. | None of these |
| Answer» B. July-June | |
| 1359. |
Which of the following is the purpose ofintroducing ―Know Your Customer‖ norms by the banks? |
| A. | Identifying people who do not pay Income Tax |
| B. | To bring more and more people under the banking net |
| C. | To ensure that the money deposited in banks has come from genuine sources |
| D. | None of the Above |
| E. | Both a) and b) |
| Answer» D. None of the Above | |
| 1360. |
In which of the public sector bank, government decided to take a move to lower its stake below 51%? |
| A. | IDBI Bank |
| B. | Bhartiya Mahila Bank |
| C. | Vijaya Bank |
| D. | EXIM Bank |
| E. | OBC Bank |
| Answer» B. Bhartiya Mahila Bank | |
| 1361. |
What is current Reverse Repo rate? |
| A. | 6.50 |
| B. | 6 |
| C. | 6.75 |
| D. | 7.25 |
| E. | 5.75 |
| Answer» C. 6.75 | |
| 1362. |
Which are the following rates are decided by the RBI is called "Policy Rate"? |
| A. | Cash reserve ratio. |
| B. | Lending rate. |
| C. | Bank rate. |
| D. | Deposite rate. |
| E. | None of these |
| Answer» B. Lending rate. | |
| 1363. |
Which of the following was the first Indian bank to open a branch in London in 1946 and the first to open a branch in Paris in 1974? |
| A. | State Bank of India |
| B. | Punjab National Bank |
| C. | Central Bank of India |
| D. | Allahabad Bank |
| E. | Bank of India |
| Answer» F. | |
| 1364. |
The term ―HNI‖ used in banking parlance means ? |
| A. | Highly Negative Individual |
| B. | High Net-worth Individual |
| C. | High Networked Individual |
| D. | High Nuisance Individual |
| E. | None of the Above |
| Answer» C. High Networked Individual | |
| 1365. |
The India post Payments Bank (IPPB) launched its operations recently. The paid-up equity of the IPPB is |
| A. | Rs. 500 cr |
| B. | Rs. 800 cr |
| C. | Rs. 1000 cr |
| D. | Rs. 1200 cr |
| E. | Rs. 1500 cr |
| Answer» C. Rs. 1000 cr | |
| 1366. |
NOSTRO account means . |
| A. | An account opened by foreign citizens other than NRIs in India with Indian banks in INR for their expenses in India. |
| B. | An account opened by foreign citizens other than NRIs in India with foreign banks in foreign currency to convert Indian rupee to that currency and remit back to their own country. |
| C. | An account opened by an Indian bank in the foreign countries in their banks and in that country currency for settlement in that country's currency. |
| D. | An account opened by a foreign bank in India with their corresponding banks in INR for settlements in INR. |
| E. | None of these |
| Answer» D. An account opened by a foreign bank in India with their corresponding banks in INR for settlements in INR. | |
| 1367. |
Which of the following terms is NOT used in the field of banking? |
| A. | Moral Suasion |
| B. | Assignment |
| C. | NAV |
| D. | Knot |
| E. | Kite flying |
| Answer» E. Kite flying | |
| 1368. |
Which of the following organizations issue therules of global trade? |
| A. | Foreign trade |
| B. | G-20 |
| C. | World Trade Organization |
| D. | IMF |
| E. | None of these |
| Answer» D. IMF | |
| 1369. |
Who is issuing license to perform insurance business by banks |
| A. | RBI |
| B. | IRDA |
| C. | SEBI |
| D. | Central government |
| E. | LIC |
| Answer» C. SEBI | |
| 1370. |
The RBI has decided to stop circulation of the coin of which of the following denominationsfrom June 2011 ? |
| A. | 50 p. |
| B. | Rs 1 |
| C. | Rs 2 |
| D. | 25 p. |
| E. | Rs. 5 |
| Answer» E. Rs. 5 | |
| 1371. |
The IMGC is the sole provider of mortgage guarantor for housing finance in India. The alphabet ―I‖ in the abbreviation IMGC stands for |
| A. | India |
| B. | Institute |
| C. | Internal |
| D. | Informative |
| E. | International |
| Answer» B. Institute | |
| 1372. |
I.B.A. Means . |
| A. | International Banking Association |
| B. | International Banking Agency |
| C. | Indian Bureaucrats Association |
| D. | Indian Bank Association |
| E. | None of these |
| Answer» E. None of these | |
| 1373. |
A bank's 'fixed deposit' is also referred to as a............? |
| A. | term deposit |
| B. | savings bank deposit |
| C. | current deposit |
| D. | demand deposit |
| E. | home savings deposit |
| Answer» B. savings bank deposit | |
| 1374. |
Collection of coins is both a hobby and study. Which word describes this habit? |
| A. | Philately |
| B. | Numismatics |
| C. | Coinage |
| D. | Mint |
| E. | None of these |
| Answer» C. Coinage | |
| 1375. |
Which of the following is foreign bank having offices/branches in India? |
| A. | Yes Bank |
| B. | HDFC Bank |
| C. | IDBI Bank |
| D. | Karnataka Bank |
| E. | Standard Chartered Bank |
| Answer» F. | |
| 1376. |
Inventor of ATM was: |
| A. | Ian Luther Steward |
| B. | David Block |
| C. | John Adrian Shepherd Barron (A British) |
| D. | David Adrian |
| E. | None of These |
| Answer» D. David Adrian | |
| 1377. |
What is macro-economics? |
| A. | macro economics deals with economic activities of the level of an economy as a whole |
| B. | it deals with only a segment of an economy |
| C. | it deals with both a) and b) |
| D. | none of these |
| E. | All of the above |
| Answer» B. it deals with only a segment of an economy | |
| 1378. |
‗Sugam‘ is a scheme launched for |
| A. | Small tax payers |
| B. | Pensioners getting old age pension |
| C. | Big corporate houses |
| D. | Getting all sorts of permission |
| E. | None of these |
| Answer» B. Pensioners getting old age pension | |
| 1379. |
Money Market is regulated by? |
| A. | RBI |
| B. | SEBI |
| C. | IRDAI |
| D. | None of the Above |
| E. | Both (a) and (c) |
| Answer» B. SEBI | |
| 1380. |
If you buy a financial instrument in one market in order to sell the same instrument in another market at higher price, it will be called as |
| A. | Brokerage |
| B. | Arbitrage |
| C. | Forfeiture of Instrument |
| D. | investment |
| E. | None of these |
| Answer» C. Forfeiture of Instrument | |
| 1381. |
CASA is basically the combination of Current account and saving account deposits with a Bank. Why do the Banks put greater emphasis on mobilizing a high CASA ratio? |
| A. | In order to fulfill RBI stipulation for it |
| B. | It helps reduction in average cost of funds |
| C. | These are stable deposits |
| D. | These help Banks maintain a healthy asset- liability ratio |
| E. | None of the Above |
| Answer» C. These are stable deposits | |
| 1382. |
Which of the following types of ATMs eliminates the need for PIN early and authenticated customer transactions by thumb impressions. |
| A. | while label ATMs |
| B. | Biometric ATMs |
| C. | On-site ATMs |
| D. | Off-site ATMs |
| E. | None of these |
| Answer» C. On-site ATMs | |
| 1383. |
Which of the following is the first commercialbank ? |
| A. | State bank of India |
| B. | Oudh Commercial Bank |
| C. | Union Bank of India |
| D. | Indian Bank |
| E. | None of the above |
| Answer» C. Union Bank of India | |
| 1384. |
CRAR stands for: |
| A. | Capital to Risk (weighted) Assets Ratio |
| B. | Credit Risk Account Ratio |
| C. | Commercial Risk (weighted) Assets Ratio |
| D. | Cross Research And Recession |
| E. | None of these |
| Answer» B. Credit Risk Account Ratio | |
| 1385. |
What is the money, which was acceptedtemporary in lieu of gold? |
| A. | Plastic Money |
| B. | Commodity Money |
| C. | Currency Money |
| D. | Fiat Money |
| E. | None of these |
| Answer» E. None of these | |
| 1386. |
Regional Rural Banks were established in the year |
| A. | 1985 |
| B. | 1948 |
| C. | 1975 |
| D. | 1995 |
| E. | 1994 |
| Answer» D. 1995 | |
| 1387. |
The safest form of Crossed Cheque is |
| A. | Double Crossing |
| B. | General Crossing |
| C. | Special Crossing |
| D. | Account payee crossing |
| E. | None of the Above |
| Answer» E. None of the Above | |
| 1388. |
Banks are increasingly selling Insurance products mainly due to ? |
| A. | It helps in increase in deposits of a bank |
| B. | It helps in growing Loan portfolio of a bank |
| C. | It helps increase commission income of a bank |
| D. | It diversify the risk of a Bank |
| E. | Bank have taken over Insurance companies |
| Answer» D. It diversify the risk of a Bank | |
| 1389. |
is the percentage of total deposits of abank which it has to keep with itself in the form of liquid assets. |
| A. | Statutory Liquidity Ratio (SLR) |
| B. | Cash Reserve Ratio (CRR) |
| C. | Statutory Reserve Ratio |
| D. | Cash Ratio |
| E. | None of these |
| Answer» B. Cash Reserve Ratio (CRR) | |
| 1390. |
Which state owned bank has become the topmobiliser under Gold Monetization Scheme, launched by Modi government? |
| A. | Bank of Baroda |
| B. | State Bank of India |
| C. | Punjab National Bank |
| D. | Central Bank of India |
| E. | Bank of India |
| Answer» D. Central Bank of India | |
| 1391. |
When the Government of India cannot raise enough financial resources through taxation, it finances its expenditure through various means like borrowing from market, running down its balances with RBI etc. This can be exactly called as |
| A. | Fiscal Deficit Financing |
| B. | Deficit Financing |
| C. | Capital Infusion |
| D. | Restructuring |
| E. | None of these |
| Answer» C. Capital Infusion | |
| 1392. |
The phenomenon of a continuous decrease in prices of goods and services in the economy is, known as ? |
| A. | Inflation |
| B. | Deflation |
| C. | Stagflation |
| D. | Market crash |
| E. | None of the Above |
| Answer» C. Stagflation | |
| 1393. |
On the basis of recommendations of which of the following committees NABARD was established? |
| A. | Shunglu Committee |
| B. | Shivaraman Committee |
| C. | Narshimhan Committee |
| D. | Public Accounts Committee |
| E. | None of the above |
| Answer» C. Narshimhan Committee | |
| 1394. |
The usual deposit accounts of banks are? |
| A. | Current accounts, electricity accounts and insurance premium accounts. |
| B. | Current accounts, post office savings, bank accounts and term deposit accounts. |
| C. | Loan accounts, savings bank accounts and term deposit accounts. |
| D. | Current accounts, savings bank accounts and term deposit accounts. |
| E. | Current bill accounts and term deposit accounts. |
| Answer» E. Current bill accounts and term deposit accounts. | |
| 1395. |
Interest on saving bank account is nowcalculated by banks on . |
| A. | Minimum balance during the month |
| B. | Minimum balance from 7th to last day of the month |
| C. | Minimum balance from 10th to last day of the month |
| D. | Maximum balance during the month |
| E. | Daily product basis |
| Answer» F. | |
| 1396. |
Largest shareholder (in percentage shareholding) of a nationalized bank is. |
| A. | RBI |
| B. | NABARD |
| C. | LICI |
| D. | Govt. of India |
| E. | IBA |
| Answer» E. IBA | |
| 1397. |
An NBFC-MFI is defined as a non-deposittaking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of |
| A. | Rs.5 crore |
| B. | Rs.4 crore |
| C. | Rs.3 crore |
| D. | Rs.2 crore |
| E. | None of the Above |
| Answer» B. Rs.4 crore | |
| 1398. |
Which of the following is an international forum to discuss and implement supervisory norms in all the banks of the world? |
| A. | Basel Committee |
| B. | UN charter on commercial laws. |
| C. | World trade organization |
| D. | International Board of banks and finance |
| E. | None of these |
| Answer» B. UN charter on commercial laws. | |
| 1399. |
Loan of very small amounts given to lowincome groups is called ? |
| A. | Cash credit |
| B. | Micro credit |
| C. | Simple overdraft |
| D. | No frills loans |
| E. | Rural credit |
| Answer» C. Simple overdraft | |
| 1400. |
National Housing Bank (NHB), a wholly owned subsidiary of |
| A. | RBI |
| B. | Government Of India |
| C. | IRDAI |
| D. | State Government |
| E. | None of these |
| Answer» B. Government Of India | |