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.
| 1651. |
The Pre Shipment finance is provided by the banks only to |
| A. | Importers |
| B. | Bank Employees |
| C. | Exporters |
| D. | Small Scale Industries |
| E. | Large Scale Industries |
| Answer» D. Small Scale Industries | |
| 1652. |
A money deposited in a bank that cannot be withdrawn for a preset fixed period of time is known as: |
| A. | Checking Account |
| B. | Term Deposit |
| C. | No Frills Account |
| D. | All of the above |
| E. | None of These |
| Answer» C. No Frills Account | |
| 1653. |
According to a news, the State Bank of India was being put in ―Hall of Shame‖ list along with some other banks. The reason for this was |
| A. | for not recovering the NPAs in the last 6 months |
| B. | for financing a US cluster bomb manufacturer |
| C. | for supporting Vijay Malaya |
| D. | it listed the worst NPAs ever the last quarter |
| E. | None of these |
| Answer» C. for supporting Vijay Malaya | |
| 1654. |
The Statutory Liquidity Ratio (SLR), the amount of liquid assets such as cash, precious metals |
| A. | 6 months |
| B. | 3 months |
| C. | 2 months |
| D. | 1 month |
| E. | 1 year |
| Answer» E. 1 year | |
| 1655. |
Which of the following private banks has signed an agreement with Reliance Jio Money for One-Click payment service ? |
| A. | Laxmi Vilas Bank |
| B. | Federal Bank |
| C. | South Indian Bank |
| D. | Karnataka Bank |
| E. | Karur Vysya Bank |
| Answer» C. South Indian Bank | |
| 1656. |
In Regional rural Banks state government has shareholding of |
| A. | 10% |
| B. | 15% |
| C. | 35% |
| D. | 25% |
| E. | None of these |
| Answer» C. 35% | |
| 1657. |
When banks are undertaking the business of bancassurance, they attract supervision of |
| A. | Central govt. |
| B. | SEBIX |
| C. | RBI |
| D. | IRDAVI |
| E. | None of these |
| Answer» E. None of these | |
| 1658. |
On the current account balances maintained by the Regional Rural Banks with them, the commercial banks may |
| A. | Pay interest up to 9 per cent |
| B. | Pay interest at such rate as may be mutually agreed to |
| C. | Pay interest as applicable to savings accounts |
| D. | Waive incidental charges |
| E. | All of the above |
| Answer» C. Pay interest as applicable to savings accounts | |
| 1659. |
Which of the following financial institutions is based in the Basel city of Switzerland? |
| A. | IMF |
| B. | World Bank |
| C. | ADB |
| D. | BIS |
| E. | WTO |
| Answer» E. WTO | |
| 1660. |
In respect of partnership business, LLP stands for: |
| A. | Local Labour Promotion |
| B. | Low Labour Projects |
| C. | Limited Loan Partnership |
| D. | Longer Liability Partnership |
| E. | Limited Liability Partnership |
| Answer» F. | |
| 1661. |
Which of the following is NOT a KYCrequirement while opening a bank account? |
| A. | A proof of identity |
| B. | A proof of address |
| C. | A proof of income |
| D. | A recent photograph |
| E. | None of these |
| Answer» D. A recent photograph | |
| 1662. |
The returned non resident Indians are permitted to open the following accounts: |
| A. | Non resident external account |
| B. | Non resident ordinary account |
| C. | RFC account |
| D. | FCNR account |
| E. | none of the above |
| Answer» D. FCNR account | |
| 1663. |
While discussing investments there is mention of short term government security. What is this type of investment known as |
| A. | Debenture |
| B. | Share |
| C. | Mutual Funds |
| D. | Treasury Bill |
| E. | None of these |
| Answer» E. None of these | |
| 1664. |
All coins that are minted in Noida have |
| A. | Dot |
| B. | Star |
| C. | Diamond |
| D. | No mark |
| E. | None of these |
| Answer» B. Star | |
| 1665. |
Drawee in the bank cheque is |
| A. | Who receive the cheques |
| B. | Who rejects the payment of cheques |
| C. | Who encash the cheques |
| D. | The banker |
| E. | None of these |
| Answer» E. None of these | |
| 1666. |
Which of the following is the first Universal Bank established in India? |
| A. | IDBI Bank Ltd. |
| B. | ICICI Bank ltd. |
| C. | Reserve bank of India |
| D. | NABARD |
| E. | HDFC Bank Ltd. |
| Answer» C. Reserve bank of India | |
| 1667. |
Electronic fund transfers like RTGS and NEFT are operated and maintained by . |
| A. | National Payments Corporation of India (NPCI) |
| B. | Bharat Bill Payment System (BBPS) |
| C. | Reserve Bank of India (RBI) |
| D. | Clearing Corporation of India Limited (CCIL) |
| E. | None of these |
| Answer» D. Clearing Corporation of India Limited (CCIL) | |
| 1668. |
‗RuPay‘ has been developed by which organization? |
| A. | Reserve Bank of India (RBI) |
| B. | IRCTC |
| C. | SBI |
| D. | National Payment Corporation of India |
| E. | IMF |
| Answer» E. IMF | |
| 1669. |
“CAMEL model‖ is used by ? |
| A. | Bankers to evaluate a credit proposal |
| B. | Bankers to manage their risks |
| C. | RBI inspectors to evaluate banks functions |
| D. | Merchant Bankers to evaluate portfolio investment |
| E. | None of the above |
| Answer» D. Merchant Bankers to evaluate portfolio investment | |
| 1670. |
An asset reconstruction company looks for business from banks. What do you understand from this statement? |
| A. | These companies assist banks in getting potential clients for big ticket loans |
| B. | Banks identify potential borrowers for infrastructure lending by these companies |
| C. | Banks sell their bad debts to these companies |
| D. | Asset reconstruction companies buy bad debts at a discount from banks |
| E. | None of these |
| Answer» E. None of these | |
| 1671. |
CAG Stands for . |
| A. | Controller and Auditor General of India |
| B. | Constant and Author General of India |
| C. | Constant Auditor General of India |
| D. | Central Auditor General of India |
| E. | None of these |
| Answer» B. Constant and Author General of India | |
| 1672. |
Nationalized Bank is also known as . |
| A. | Private Sector Banks |
| B. | Self help Groups |
| C. | Cooperative Banks |
| D. | Grameena Banks |
| E. | Public Sector Banks |
| Answer» F. | |
| 1673. |
Which bank has earmarked Rs 20 crore tosupport employees who were affected by the floods in Chennai? |
| A. | HSBC |
| B. | Doha Bank |
| C. | Royal Bank of Scotland |
| D. | None of these |
| E. | All of the above |
| Answer» D. None of these | |
| 1674. |
‗Repo Rate‘ is the rate at which: |
| A. | The RBI lends to state government |
| B. | The international aid agencies to RBI |
| C. | The RBI lends to banks |
| D. | The banks lend to RBI |
| E. | None of these |
| Answer» D. The banks lend to RBI | |
| 1675. |
Savings bank accounts are generally opened by |
| A. | firms |
| B. | companies |
| C. | association of persons |
| D. | individuals |
| E. | none of these |
| Answer» E. none of these | |
| 1676. |
The proposed Universal Banks shall begoverned by |
| A. | Banking Regulation Act, 1949 |
| B. | Reserve Bank of India Act, 1934 |
| C. | Foreign Exchange Management Act, 1999 |
| D. | Payment and Settlement Systems Act, 2007 |
| E. | All of above Acts govern these banks. |
| Answer» F. | |
| 1677. |
NABARD Bank for Agriculture and Rural Development was established in |
| A. | 1979 |
| B. | 1980 |
| C. | 1981 |
| D. | 1982 |
| E. | 1983 |
| Answer» E. 1983 | |
| 1678. |
illustrates the financial position of a bank at a given point of time |
| A. | Ledger account |
| B. | Balance sheet |
| C. | Cash flow statement |
| D. | Income statement |
| E. | None of these |
| Answer» C. Cash flow statement | |
| 1679. |
BLA stands for |
| A. | Bond Ledger Account |
| B. | Bond Lending Account |
| C. | Basic Ledger Account |
| D. | Basic Lending Account |
| E. | None of these |
| Answer» B. Bond Lending Account | |
| 1680. |
World investment report is published by? |
| A. | UNDP |
| B. | World bank |
| C. | IMF |
| D. | UNCTAD |
| E. | none of these |
| Answer» E. none of these | |
| 1681. |
Who sets up the Bench Mark Interest Ratefor Germany ? |
| A. | German Central Bank |
| B. | Deutsche Bundes Bank |
| C. | European Central Bank |
| D. | Deutsche Bank |
| E. | None of these |
| Answer» D. Deutsche Bank | |
| 1682. |
A worldwide financial messaging network which exchange messages between banks and financial institutions is known as- |
| A. | CHAPS |
| B. | SWIFT |
| C. | NEFT |
| D. | SFMS |
| E. | CHIPS |
| Answer» C. NEFT | |
| 1683. |
Who is known as the ‗Father of Economics‘?a) Adam Smith |
| A. | Money borrowed or lent for a day or over night |
| B. | Money borrowed for more than one day but upto 3 days |
| C. | Money borrowed for more than one day but upto 7 days |
| D. | Money borrowed for more than one day but upto 14 days |
| E. | None of these |
| Answer» B. Money borrowed for more than one day but upto 3 days | |
| 1684. |
At which rate the RBI lends money to a public sector bank on a long term basis? |
| A. | Bank Rate |
| B. | CRR |
| C. | Repo Rate |
| D. | PLR |
| E. | Reverse Repo Rate |
| Answer» B. CRR | |
| 1685. |
Interest on savings bank account is nowcalculated by banks on? |
| A. | Minimum balance from 7th to last day of the month |
| B. | Daily product basis |
| C. | Minimum balance from 10th to last day of the month |
| D. | Minimum balance during the month |
| E. | None of these |
| Answer» C. Minimum balance from 10th to last day of the month | |
| 1686. |
The main mandate of Payments Banks is tooffer which of the following? |
| A. | Lending services |
| B. | Credit cards |
| C. | Bancasurance service |
| D. | Remittance services |
| E. | None of these |
| Answer» E. None of these | |
| 1687. |
Where is the head quarter of world Health organization (WHO)? |
| A. | New York |
| B. | Jineva |
| C. | Peris |
| D. | London |
| E. | None of these |
| Answer» C. Peris | |
| 1688. |
The Commission charged by a broker is ? |
| A. | Brokerage Interest |
| B. | Brokerage Fee |
| C. | Brokerage Profit |
| D. | Brokerage rate |
| E. | None of these |
| Answer» C. Brokerage Profit | |
| 1689. |
What does ADB stand for? |
| A. | American Development Bank |
| B. | Australian Development Bank |
| C. | Asian Development Bank |
| D. | All of these |
| E. | None of these |
| Answer» D. All of these | |
| 1690. |
―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 currencies |
| E. | All of the above |
| Answer» E. All of the above | |
| 1691. |
account records the change in stock of reserve assets (also known as foreign exchange reserves) at the country‘s monetary authority. |
| A. | Reserve |
| B. | Demat |
| C. | Bank |
| D. | Stock |
| E. | None of these |
| Answer» B. Demat | |
| 1692. |
Who is the present Managing Director (MD)& Chief Executive Officer (CEO) of National Housing Bank (NHB)? |
| A. | Sriram Kalyanaraman |
| B. | Harsh Kumar Bhanwala |
| C. | Kshatrapati Shivaji |
| D. | Yaduvendra Mathur |
| E. | Upendra Kumar Sinha |
| Answer» B. Harsh Kumar Bhanwala | |
| 1693. |
Which of the following can be called as‗National Income‘? |
| A. | Net National Income at factor cost |
| B. | Gross National Income at factor cost |
| C. | Net Domestic Product at factor cost |
| D. | Gross Domestic Product at factor cost |
| E. | None of these |
| Answer» B. Gross National Income at factor cost | |
| 1694. |
As per which act, holidays are provided in the banks? |
| A. | RBI act |
| B. | Banking regulation act |
| C. | Negotiable instrument Act –1881 |
| D. | Banking nationalization act |
| E. | None of these |
| Answer» D. Banking nationalization act | |
| 1695. |
If the involvement of financial intermediary in aiding credit creation without regulatory oversight is Called: |
| A. | Virtual banking |
| B. | Common banking |
| C. | Unit banking |
| D. | Shadow banking |
| E. | Yes banking |
| Answer» E. Yes banking | |
| 1696. |
Which bank first introduced Automated Teller Machine (ATM) in India (1987)? |
| A. | SBI |
| B. | Punjab National Bank |
| C. | Federal Bank |
| D. | HSBC |
| E. | Other than the given options |
| Answer» E. Other than the given options | |
| 1697. |
In which among the following types occurs the Interest Rate Risk? |
| A. | Interest risk |
| B. | Credit risk |
| C. | Payment risk |
| D. | Market risk |
| E. | None of these |
| Answer» E. None of these | |
| 1698. |
Which among the following is the private sectorbanks? |
| A. | Union Bank of India |
| B. | Syndicate Bank |
| C. | IDBI Bank |
| D. | UCO Bank |
| E. | HDFC Bank |
| Answer» F. | |
| 1699. |
By crossing we mean :- |
| A. | two horizontal lines on a cheque |
| B. | one straight line across the cheque |
| C. | two lines across the cheque making ‘X’ |
| D. | two transverse parallel lines on a cheque |
| E. | none of the above . |
| Answer» E. none of the above . | |
| 1700. |
Who appoints the governor of Reserve Bank of India? |
| A. | Financial Secretary |
| B. | Financial Ministry |
| C. | Central Government |
| D. | President of India |
| E. | None of these |
| Answer» D. President of India | |