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.
| 1751. |
M-wallet (mobile wallet) application calledBuddy lauched by which of the following bank? |
| A. | Axis |
| B. | State bank of Travancore |
| C. | ICICI |
| D. | SBI |
| E. | None of these |
| Answer» E. None of these | |
| 1752. |
When it comes to money market instruments, which among the following is not true? |
| A. | Treasury bills |
| B. | Term money |
| C. | Certificate of deposits |
| D. | Corporate securities |
| E. | Commercial paper |
| Answer» E. Commercial paper | |
| 1753. |
Where is the head quarter of world Healthorganization (WHO)? |
| A. | New York |
| B. | Jeneva |
| C. | Peris |
| D. | London |
| E. | None of these |
| Answer» C. Peris | |
| 1754. |
What does RTGS enable? |
| A. | Immediate transfer of money from customer of one bank to customer of another bank |
| B. | Immediate transfer of money from customer of one bank to customer of another branch within the same bank |
| C. | Immediate transfer of money from customer of one bank to customer of another country |
| D. | Immediate transfer of money from customer of one bank to customer of RBI |
| E. | None of these |
| Answer» B. Immediate transfer of money from customer of one bank to customer of another branch within the same bank | |
| 1755. |
IDBI Bank is a ? |
| A. | Public Sector Bank |
| B. | Private Sector Bank |
| C. | Foreign Bank |
| D. | Cooperative Bank |
| E. | None of these |
| Answer» B. Private Sector Bank | |
| 1756. |
Which of the following types of banks are NOT allowed to provide credit facilities to their customers? |
| A. | Small Banks |
| B. | Payments Banks |
| C. | Universal Banks |
| D. | Cooperative Banks |
| E. | Regional Rural Banks |
| Answer» C. Universal Banks | |
| 1757. |
Finance Ministry advised RBI to allow common ATMs to be owned and managed by Non Banking Institutions. Such ATMs are called: |
| A. | NBFC ATMs |
| B. | Off Site ATMs |
| C. | Third Party ATMs |
| D. | White Label ATMs |
| E. | None of the above |
| Answer» E. None of the above | |
| 1758. |
RWA stands for ? |
| A. | Real Weight Assets |
| B. | Range Weighted Assets |
| C. | Risk Weighted Assets |
| D. | Risk Wire Assets |
| E. | None of these |
| Answer» D. Risk Wire Assets | |
| 1759. |
The main foreign exchange reserves in the country are: |
| A. | Foreign Currency assets |
| B. | Gold Stock |
| C. | Special Drawing Rights |
| D. | All of the above |
| E. | None of these |
| Answer» E. None of these | |
| 1760. |
What kind of Treasury Bills (T-Bills) is/ are issued by State Government? |
| A. | No Treasury Bills issued by State Government |
| B. | 182 - days |
| C. | 91 - days |
| D. | 364 - days |
| E. | None of these |
| Answer» B. 182 - days | |
| 1761. |
FEMA 1999 stands for . |
| A. | Foreign Economy Management Act 1999 |
| B. | Foreign External Management Act 1999 |
| C. | Foreign Exchange Management Act 1999 |
| D. | Financial Exchange Management Act 1999 |
| E. | None of these |
| Answer» D. Financial Exchange Management Act 1999 | |
| 1762. |
In which circumstance Dear money policy will be adopted by Reserve Bank of India? |
| A. | Inflation |
| B. | inflatable |
| C. | disinflation |
| D. | Ostentation |
| E. | none of these |
| Answer» B. inflatable | |
| 1763. |
Initial repayment holiday given to borrowerfor repayment of loan is called as |
| A. | EMI |
| B. | moratorium |
| C. | Amortization |
| D. | Subvention |
| E. | None of these |
| Answer» C. Amortization | |
| 1764. |
ICICI Bank and Axis Bank has sold Rs.1, 800 crores of loans to paper maker Ballarpur Industries Ltd to Edelweiss Asset Reconstruction Company.Who is present CEO of Axis Bank? |
| A. | Arundhati Bhattacharya |
| B. | Chanda Kochhar |
| C. | Shikha Sharma |
| D. | Naina Lal Kidwai |
| E. | Manjula Chellur |
| Answer» D. Naina Lal Kidwai | |
| 1765. |
An ECS transaction gets bounced and you are1862. Money deposited at a bank that cannot withdrawn for at fixed period of time is known as a : |
| A. | Term deposit |
| B. | Checking Account |
| C. | Saving Bank deposit |
| D. | No Frills Accounts |
| E. | Current deposit |
| Answer» B. Checking Account | |
| 1766. |
Buying and selling of eligible securities by RBIin the money market can be termed as |
| A. | Open Economy Operations |
| B. | Open Market Operations |
| C. | Credit Control Measures |
| D. | Credit Creation Measures |
| E. | None of these |
| Answer» C. Credit Control Measures | |
| 1767. |
Bill of lading is a : |
| A. | Negotiable Instrument |
| B. | Non- negotiable Instrument |
| C. | Quasi-Negotiable Instrument |
| D. | All of the above |
| E. | None of the above |
| Answer» D. All of the above | |
| 1768. |
C V R Rajendran is the MD and CEO of which private sector bank? |
| A. | Federal Bank |
| B. | Catholic Syrian Bank |
| C. | Karur Vysya Bank |
| D. | South Indian Bank |
| E. | None of these |
| Answer» C. Karur Vysya Bank | |
| 1769. |
Sub Prime lending" is a term applied to the loans made to |
| A. | Those borrows who do not have a good credit history |
| B. | Those who wish to take loan against the mortgage of tangible assets |
| C. | Those who have a good credit history and are known to bank since 10 years |
| D. | Those borrowers who are most preferred customers of the bank |
| E. | None of these |
| Answer» B. Those who wish to take loan against the mortgage of tangible assets | |
| 1770. |
The debit card holder can perform which of the following functions ? |
| A. | Make Point of Sale (POS) purchase |
| B. | Recharge Prepaid mobile phones |
| C. | Pay Life Insurance premium |
| D. | Make donation |
| E. | All of the above |
| Answer» F. | |
| 1771. |
Reserves which can act as a liquidity buffer forcommercial banks during crisis times are |
| A. | CAR |
| B. | SLR |
| C. | CAR and CRR |
| D. | CRR and SLR |
| E. | None of these |
| Answer» C. CAR and CRR | |
| 1772. |
Basic Objective of SEBI is/are: |
| A. | To promote the interests of investors in securities |
| B. | To promote the development of Securities Market |
| C. | To regulate the securities market |
| D. | To protect the interest of the investors to improve the stock market investments |
| E. | All of the above |
| Answer» F. | |
| 1773. |
Insurance companies in India are regulated by |
| A. | RBI |
| B. | AMFI |
| C. | SEBI |
| D. | IRDA |
| E. | NABARD |
| Answer» E. NABARD | |
| 1774. |
In the context of banking system, what does productivity means? |
| A. | Production of service |
| B. | Business per employee |
| C. | Quality of customer service |
| D. | Both (a) and (b) |
| E. | None of these |
| Answer» C. Quality of customer service | |
| 1775. |
If the rupees depreciate, what is the effect onthe exporters? |
| A. | They are unaffected |
| B. | They are in loss |
| C. | They are in profit |
| D. | They get credit crunch |
| E. | None of these |
| Answer» D. They get credit crunch | |
| 1776. |
In banking, CORE stands for . |
| A. | Centralized Online Real-Time Exchange |
| B. | Centre for Online Real Exchange |
| C. | Centralized Online Real Time Express |
| D. | Centre for Online Real Express |
| E. | None of these |
| Answer» B. Centre for Online Real Exchange | |
| 1777. |
In India, it is necessary to have license from the RBI for opening a new branch. This is a requirement under _ Act |
| A. | Section 22 of banking Regulation Act |
| B. | Section 22 of RBI Act |
| C. | Section 22 of NABARD |
| D. | KYC Guidelines by RBI |
| E. | a and b above |
| Answer» B. Section 22 of RBI Act | |
| 1778. |
With which of following types of loans are teaser rates related? |
| A. | Home loans |
| B. | Personal loans |
| C. | Auto loans |
| D. | Reverse mortgage loans |
| E. | None of these |
| Answer» B. Personal loans | |
| 1779. |
RBI has introduced ―Marginal Standing Facility‖ with the objective of: |
| A. | Controlling Inflation |
| B. | Containing instability in long term inter-bank rates |
| C. | Containing instability in the overnight inter-bank rates |
| D. | All of the above |
| E. | None of these |
| Answer» D. All of the above | |
| 1780. |
When was IDBI delinked from the RBI and taken over by Government of India? |
| A. | 1976 |
| B. | 1977 |
| C. | 1978 |
| D. | 1980 |
| E. | None of these |
| Answer» B. 1977 | |
| 1781. |
Reserve Bank of India is? |
| A. | Commercial bank |
| B. | Central bank |
| C. | Cooperative bank |
| D. | Rural bank |
| E. | None of these |
| Answer» C. Cooperative bank | |
| 1782. |
The Reverse Mortgage scheme is launched to give benefit to which of the following groups of society? |
| A. | Persons below 60 yrs |
| B. | Senior Citizens |
| C. | Unemployed youth |
| D. | Orphans |
| E. | All |
| Answer» C. Unemployed youth | |
| 1783. |
If credit facility applied for is rejected, the reasons therefore should be briefly mentioned in the- |
| A. | Loan Applications Received and Disposal Register |
| B. | Opinion Reports |
| C. | Loan Rejection Register |
| D. | All of the above |
| E. | Other than the given options |
| Answer» B. Opinion Reports | |
| 1784. |
The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called |
| A. | Cash reserves |
| B. | Deposit reserves |
| C. | Excess reserves |
| D. | Momentary reserves |
| E. | None of these |
| Answer» D. Momentary reserves | |
| 1785. |
Loan for fish rearing is covered under Prirority Sector as advances |
| A. | Self Employment Scheme |
| B. | Self Employment Scheme |
| C. | Indirect Agriculture |
| D. | Direct Agriculture |
| E. | None of these |
| Answer» E. None of these | |
| 1786. |
When it comes to electronic banking whichamong the following are not coming under the purview of electronic banking? |
| A. | Debit cards |
| B. | credit cards |
| C. | mobile banking |
| D. | safe deposit locker |
| E. | internet banking |
| Answer» E. internet banking | |
| 1787. |
The ratio of deposits to loans of a bank is known as |
| A. | NPA coverage Ratio |
| B. | Return on asset ratio |
| C. | Asset Coverage ratio |
| D. | CD Ratio |
| E. | Other than those given as options |
| Answer» F. | |
| 1788. |
If a bank needs to attract Provident Fund Deposits, what are the criteria that banks must possess? |
| A. | Profitability in preceding 3 years |
| B. | Minimum of Rs.200 crores as net worth |
| C. | Capital adequacy of 9% |
| D. | All the above |
| E. | None of these |
| Answer» E. None of these | |
| 1789. |
is a way of transferring personalremittances from abroad to beneficiaries in India |
| A. | RDA |
| B. | MTSS |
| C. | Both (A) and (B) |
| D. | All of the Above |
| E. | None of the Above |
| Answer» C. Both (A) and (B) | |
| 1790. |
is basically charged when aperson uses a credit card to obtain cash. |
| A. | Early Repayment Charge |
| B. | Redemption Fee |
| C. | Transaction Fee |
| D. | Cash Advance Fee |
| E. | None of these |
| Answer» E. None of these | |
| 1791. |
Authorized Dealers for foreign exchange transactions are appointed by: |
| A. | Reserve Bank of India |
| B. | Government of India |
| C. | Individual Banks |
| D. | FEDAI |
| E. | None of the above |
| Answer» B. Government of India | |
| 1792. |
A promissory note that is not secured by any collateral or not secured by a mortgage or lien marked on any property is instrument. |
| A. | Debenture |
| B. | Bill of exchange |
| C. | Commercial bill |
| D. | Currency bill |
| E. | None of these |
| Answer» B. Bill of exchange | |
| 1793. |
Special Drawing Rights (SDR) are supplementary foreign exchange reserve assets defined and maintained by |
| A. | Asian Development Bank |
| B. | Reserve Bank of India |
| C. | World Bank |
| D. | International Monetary Fund |
| E. | None of these |
| Answer» E. None of these | |
| 1794. |
Government has infused Rs 2,229 crore into which public sector bank in lieu of preferential allotment of shares? |
| A. | Bandhan Bank |
| B. | IDBI |
| C. | Canara Bank |
| D. | SBI |
| E. | None of these |
| Answer» C. Canara Bank | |
| 1795. |
―Multi-currency basket‖ means? |
| A. | a number of international currencies to which the value of SDRs is linked |
| B. | selected international currencies to which the value of Asian Monetary Unit is linked |
| C. | number of major international currencies to which the external value of the Indian rupee is linked |
| D. | the name given to a group of West European currencies. |
| E. | None of these |
| Answer» D. the name given to a group of West European currencies. | |
| 1796. |
The term plastic money applies to |
| A. | Bank draft made of plastic coated paper |
| B. | Currency notes impregnated with plastic thread |
| C. | Currency notes printed on plastic coated paper |
| D. | Credit cards mainly issued by the banks |
| E. | None of these |
| Answer» E. None of these | |
| 1797. |
When was the 2nd phase of nationalization ofbanks done? |
| A. | 15th April 1980 |
| B. | 25th june 1969 |
| C. | 20th Aug. 1979 |
| D. | 15th Aug. 1980 |
| E. | None of these |
| Answer» B. 25th june 1969 | |
| 1798. |
Which of the following is not Non Commercial Bank ? |
| A. | SIDBI |
| B. | National Housing Bank |
| C. | IDBI |
| D. | NABARD |
| E. | None of these |
| Answer» B. National Housing Bank | |
| 1799. |
What is the term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty? |
| A. | Savings bank deposit |
| B. | Term deposit |
| C. | Recurring deposit |
| D. | Current deposit |
| E. | None of these |
| Answer» C. Recurring deposit | |
| 1800. |
Banking Ombudsman Scheme is applicable to thebusiness of . |
| A. | All scheduled commercial banks excluding RRBs |
| B. | All scheduled commercial banks including RRBs |
| C. | Only Public Sector Banks |
| D. | Only Private Sector Banks |
| E. | All scheduled banks except private banks |
| Answer» C. Only Public Sector Banks | |