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.
| 1701. |
You might have heard about PMI data. What is PMI? |
| A. | Prudential Managers Index |
| B. | Purchasing Managers Indian |
| C. | Purchasing Managers Index |
| D. | Prudential Managers Indian |
| E. | None of these |
| Answer» D. Prudential Managers Indian | |
| 1702. |
What is the full form of LERMS ? |
| A. | Liberalised Exchange Rate Management System |
| B. | Long Elimination Reserve Management System |
| C. | Liberalised Extended Related Management Stock |
| D. | Linguistic Exchange Reserve Management Scenario |
| E. | None of these |
| Answer» B. Long Elimination Reserve Management System | |
| 1703. |
Banks keep notes/ coins in Currency Chest onBehalf of which of the following? |
| A. | Their own self |
| B. | The Central Government |
| C. | The Reserve Bank of India |
| D. | Their Head Office |
| E. | None of these |
| Answer» D. Their Head Office | |
| 1704. |
What is the maximum age for MD and CEO in Private Sector Banks set by RBI? |
| A. | 70 |
| B. | 75 |
| C. | 60 |
| D. | 80 |
| E. | None of these |
| Answer» B. 75 | |
| 1705. |
What is used to manage cash flows in different currencies? |
| A. | Credit crunch |
| B. | Arbitrage |
| C. | Mirco credit |
| D. | Currency swap |
| E. | None of these |
| Answer» E. None of these | |
| 1706. |
When a cheque is drawn on a bank, the bank is called the ? |
| A. | Payee |
| B. | Drawee |
| C. | Drawer |
| D. | Endorsee |
| E. | None of the above |
| Answer» B. Drawee | |
| 1707. |
Which of the following is not the name of a bank, functioning in India ? |
| A. | Central Bank of India |
| B. | Aegon Religare |
| C. | United Bank of India |
| D. | Dena Bank |
| E. | Citi Bank |
| Answer» C. United Bank of India | |
| 1708. |
have been awarded the license by the Central Bank to operate Bharat Bill Payment System (BBPS) recently. |
| A. | Common Service Centres (CSC) |
| B. | Financial Institutions |
| C. | Only (a) |
| D. | Both (a) and (b) |
| E. | None of the Above |
| Answer» B. Financial Institutions | |
| 1709. |
Commercial paper may be issued for a period of ? |
| A. | 90 days |
| B. | 91 to 180 days |
| C. | 7 days to one year |
| D. | All the above |
| E. | None of the above |
| Answer» D. All the above | |
| 1710. |
Bitcoin is a_ . |
| A. | Term used in share market |
| B. | Payment system |
| C. | Intranet Service Provider |
| D. | Internet Service Provider |
| E. | None of these |
| Answer» C. Intranet Service Provider | |
| 1711. |
Except one of the following instruments othersare issued at discount. Identify the exception ? |
| A. | A Certificate of Deposit (CD) |
| B. | A Treasury Bill (T Bill) |
| C. | A Commercial Paper (CP) |
| D. | A Fixed Deposit (FD) |
| E. | None of the above |
| Answer» E. None of the above | |
| 1712. |
A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as . |
| A. | Investment banking |
| B. | Core banking |
| C. | Mobile banking |
| D. | National banking |
| E. | Specialized banking |
| Answer» C. Mobile banking | |
| 1713. |
The KYC does not include obtaining the following : |
| A. | Identity Proof |
| B. | Address Proof |
| C. | Customer Profile |
| D. | Vehicle details of the customer |
| E. | None of the above |
| Answer» E. None of the above | |
| 1714. |
Which report is published by World Bankevery year? |
| A. | human development report |
| B. | world development report |
| C. | international finance and development report |
| D. | world trade development report |
| E. | None of these |
| Answer» C. international finance and development report | |
| 1715. |
In terms of Reserve Bank of India (RBI)guidelines, Banks in India must pay a minimum interest on the balances held in Saving bank account at ? |
| A. | 4% |
| B. | 3.50% |
| C. | 5% |
| D. | 6% |
| E. | 7% |
| Answer» B. 3.50% | |
| 1716. |
Which amongst the following organizations make major credit policies for the RRBs? |
| A. | NABARD |
| B. | Asian development bank |
| C. | World bank |
| D. | SBI |
| E. | None of these |
| Answer» B. Asian development bank | |
| 1717. |
is a short term and unsecuredpromissory notes issued by corporations with very high credit standings: |
| A. | Commercial Paper |
| B. | Cheque |
| C. | Corporate Bond |
| D. | None of The Above |
| E. | DD |
| Answer» B. Cheque | |
| 1718. |
Reserve Bank of India has recently (August 2016) launched a portal to curb illegal and unauthorised pooling of funds by unscrupulous firms. What is it called? |
| A. | Savdhaan |
| B. | Sanchetna |
| C. | Sachetna |
| D. | Sanchet |
| E. | Sachet |
| Answer» F. | |
| 1719. |
According to the proposal on PSL, what sub target is to be created for Micro Enterprises in India by March 2017? |
| A. | 7 % |
| B. | 7.5 % |
| C. | 8 % |
| D. | 8.5 % |
| E. | None of the above |
| Answer» C. 8 % | |
| 1720. |
Which amongst the following is not term deposits issued by commercial banks? |
| A. | Current account |
| B. | Fixed deposit |
| C. | Recurring deposit |
| D. | Reinvestment deposit |
| E. | all the above |
| Answer» B. Fixed deposit | |
| 1721. |
Money lent for more than one day but less than 15 days in the money market is known as . |
| A. | Notice Money |
| B. | Call Money |
| C. | Term Money |
| D. | Week Money |
| E. | None of these |
| Answer» B. Call Money | |
| 1722. |
has been declared the first ‗totalbanking state‘ in India, successfully implementing the total financial inclusion thereby ensuring banking facility to all households. |
| A. | Maharashtra |
| B. | Kerala |
| C. | Himachal Pradesh |
| D. | Uttarakhand |
| E. | Gujarat |
| Answer» C. Himachal Pradesh | |
| 1723. |
To authenticate a Digital Signature in Cheque Truncation System (CTS), which of the following keys are used.. |
| A. | Private Key |
| B. | Public Key |
| C. | Master Key |
| D. | Both a) and c) |
| E. | None of these |
| Answer» B. Public Key | |
| 1724. |
Cash reserve ratio is the deposit to be held by banks with Reserve Bank of India |
| A. | Voluntary |
| B. | Mandatory |
| C. | Optional |
| D. | As decided by the chairman and managing director |
| E. | None of these |
| Answer» C. Optional | |
| 1725. |
A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as |
| A. | Off-shore Banking |
| B. | Investment Banking System |
| C. | Shadow Banking System |
| D. | Conventional Banking |
| E. | Merchant Banking System |
| Answer» D. Conventional Banking | |
| 1726. |
Electronic Clearing Service in banks can be availed only by: |
| A. | Individuals |
| B. | Corporates |
| C. | Senior Citizens |
| D. | All of these |
| E. | None |
| Answer» B. Corporates | |
| 1727. |
If the rate of inflation increases then the- |
| A. | purchasing power of money increases. |
| B. | purchasing power of money decreases. |
| C. | purchasing power of money remains uneffected. |
| D. | All of these |
| E. | None of these. |
| Answer» C. purchasing power of money remains uneffected. | |
| 1728. |
Regulatory Authority for Regional Rural Bank is of |
| A. | RBI and NABARD |
| B. | NABARD |
| C. | RBI |
| D. | Central bank |
| E. | None of these |
| Answer» B. NABARD | |
| 1729. |
Headquarters of Canara Bank located in |
| A. | Bangalore |
| B. | Hyderabad |
| C. | Mumbai |
| D. | Vadodara |
| E. | none of these |
| Answer» B. Hyderabad | |
| 1730. |
SARFAESI Act 2002 related to . |
| A. | Acquisition of small banks |
| B. | Fixation of interest rates |
| C. | Recovery of bad loans |
| D. | Regulation of foreign exchange |
| E. | None of these |
| Answer» D. Regulation of foreign exchange | |
| 1731. |
Leasing, hire purchase and bill discounting are the domain of |
| A. | Non banking companies |
| B. | Mutual funds |
| C. | Commercial banks |
| D. | Development banks |
| E. | None of the above |
| Answer» B. Mutual funds | |
| 1732. |
AER stands for ? |
| A. | Average Equivalent rate |
| B. | Annual Equivalent Rate |
| C. | Appropriate Equivalent Rate |
| D. | Approximate Equivalent Rate |
| E. | None of these |
| Answer» C. Appropriate Equivalent Rate | |
| 1733. |
Which of the following is known as ―Retail banking‖? |
| A. | Merchant banking |
| B. | Investment banking |
| C. | Consumer banking |
| D. | Wholesale banking |
| E. | None of these |
| Answer» D. Wholesale banking | |
| 1734. |
National Institute of Bank Management(NIBM) is located at..? |
| A. | Mumbai |
| B. | Hyderabad |
| C. | Pune |
| D. | Kolkata |
| E. | New Delhi |
| Answer» D. Kolkata | |
| 1735. |
Slogan of Allahabad Bank ? |
| A. | Where money lives |
| B. | A Tradition of Trust |
| C. | The whole world in one bank |
| D. | Together we can |
| E. | None of these |
| Answer» C. The whole world in one bank | |
| 1736. |
The significance of index linked bonds is? |
| A. | It provides protection against inflation rate rise |
| B. | It is inbuilt in the process |
| C. | Either (a) or (b) |
| D. | Both (a) and (b) |
| E. | None of these |
| Answer» E. None of these | |
| 1737. |
Who is the MD and CEO of Corporation Bank? |
| A. | Suresh N Patel |
| B. | Jai Kumar Garg |
| C. | R K Takkar |
| D. | M O Rego |
| E. | None of these |
| Answer» C. R K Takkar | |
| 1738. |
Which bank in India performs duties of Central Bank? |
| A. | Central Bank of India |
| B. | SBI |
| C. | Both A and B |
| D. | RBI |
| E. | None of these |
| Answer» E. None of these | |
| 1739. |
How many parties primarily involved in aPromissory Note? |
| A. | Two |
| B. | Three |
| C. | Four |
| D. | Five |
| E. | None of these |
| Answer» B. Three | |
| 1740. |
Who can open various types of non-residentaccounts? |
| A. | Persons of Indian Nationality or person of Indian origin residing outside India |
| B. | Persons of foreign nationality or origin residing outside India |
| C. | Firms, companies and other organization resident outside India |
| D. | all |
| E. | none |
| Answer» E. none | |
| 1741. |
With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country |
| A. | Will |
| B. | Registration |
| C. | Nomination |
| D. | Indemnity |
| E. | Guarantee |
| Answer» D. Indemnity | |
| 1742. |
A Credit Guarantee Trust Fund has been set up 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 | |
| 1743. |
Which of the following instruments is not a Negotiable Instrument, as per NI Act, 1881? |
| A. | Bills of Exchange |
| B. | Letter of credit |
| C. | Bank Draft |
| D. | Promissory Notes |
| E. | Cheque |
| Answer» C. Bank Draft | |
| 1744. |
Expand CIN with respect to OLTAS. |
| A. | Challan Identification Number |
| B. | Challan Identification Notary |
| C. | Channel Identification Number |
| D. | Challan Inventory Number |
| E. | None of these |
| Answer» B. Challan Identification Notary | |
| 1745. |
“Your perfect banking partner‖ is the tagline of |
| A. | Karnataka Bank |
| B. | Federal Bank |
| C. | IndusInd Bank |
| D. | Kotak Mahindra Bank |
| E. | None of these |
| Answer» C. IndusInd Bank | |
| 1746. |
Which of the following banks recently launched ―Smart vault‖ digital locker facility? |
| A. | SBI |
| B. | HDFC |
| C. | PNB |
| D. | NABARD |
| E. | ICICI |
| Answer» F. | |
| 1747. |
Which Bank in India opened India's first offshore banking Unit ? |
| A. | SBH |
| B. | ICICI |
| C. | SBI |
| D. | Axis |
| E. | Bank of Baroda |
| Answer» D. Axis | |
| 1748. |
Mohammad yunnus, who has been awarded Nobel peace prize in 2006, is a citizen of |
| A. | Bangladesh |
| B. | Iran |
| C. | Malaysia |
| D. | Pakistan |
| E. | None of these |
| Answer» B. Iran | |
| 1749. |
Slogan of Corporation Bank is: |
| A. | Working for a better tomorrow |
| B. | Trusted Family Bank |
| C. | Prosperity For All |
| D. | None of The Above |
| E. | Property for all |
| Answer» D. None of The Above | |
| 1750. |
Name of the bank which first time introduce the merchant banking in India is: |
| A. | Imperial Bank of India |
| B. | Grindlays Bank |
| C. | United Bank |
| D. | London Bank |
| E. | None of These |
| Answer» C. United Bank | |