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.
| 1851. |
RBI was established on ? |
| A. | April 21st,1940 |
| B. | April 20st,1943 |
| C. | April 22nd,1947 |
| D. | April 1st,1935 |
| E. | None of these |
| Answer» E. None of these | |
| 1852. |
What is the Minimum amount of transferrequired for RTGS is . |
| A. | Rs. 1 lakh |
| B. | Rs. 2 lakh |
| C. | Rs. 5 lakh |
| D. | Rs. 50,000 |
| E. | No Limits |
| Answer» C. Rs. 5 lakh | |
| 1853. |
Normally Banks accepts Fixed Deposits for a maximum period of . |
| A. | 5 years |
| B. | 3 years |
| C. | 7 years |
| D. | 20 years |
| E. | 10 years |
| Answer» F. | |
| 1854. |
To control inflationary situation in the economy, RBI can increase one or more of these monetary tool? |
| A. | Crr-Slr-Bank Rate |
| B. | Slr-Crr-Base Rate |
| C. | Crr-Slr-Repo Rate |
| D. | Crr-Slr-Reverse Repo Rate |
| E. | Crr-Slr-Benchmarking Plr. |
| Answer» B. Slr-Crr-Base Rate | |
| 1855. |
Exchange Earners Foreign Currency (EEFC)Account provides |
| A. | Current Account |
| B. | SB Account |
| C. | Term Deposits |
| D. | All of these |
| E. | None of these |
| Answer» B. SB Account | |
| 1856. |
SMERA has been registered under |
| A. | Securities and Exchange Board of India Act, 1992 |
| B. | Reserve Bank of India Act, 1934 |
| C. | Banking Regulation Act, 1949 |
| D. | Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 |
| E. | None of these |
| Answer» E. None of these | |
| 1857. |
Which of the following is a risk free Instrument? |
| A. | G-Sec |
| B. | Equity Shares |
| C. | Debentures |
| D. | Fixed Deposits |
| E. | None of these |
| Answer» E. None of these | |
| 1858. |
Which of the following leaders maintained their accounts in PNB: |
| A. | Mahatma Gandhi |
| B. | Jawahar Lal Nehru |
| C. | Lal Bahadur Shastri |
| D. | Indira Gandhi |
| E. | All of The Above |
| Answer» F. | |
| 1859. |
The committee on Banking Regulations and Supervisory Practices which released the agreed frame work on international convergence of capital measures and capital standards in July 1988 is popularly known as . |
| A. | Vaz Committee |
| B. | Cooks Committee |
| C. | Basel Committee |
| D. | Rao Committee |
| E. | None of these |
| Answer» D. Rao Committee | |
| 1860. |
According to a report, India replaced China as top destination for foreign direct investment in 2015 by attracting how much worth of FDI projects? |
| A. | $57 billion |
| B. | $68 billion |
| C. | $53 billion |
| D. | $63 billion |
| E. | $50 billion |
| Answer» E. $50 billion | |
| 1861. |
The ICC World Twenty 20 cup 2016 hosts by |
| A. | India |
| B. | Bangladesh |
| C. | Sri Lanka |
| D. | England |
| E. | None of these |
| Answer» B. Bangladesh | |
| 1862. |
When it comes to retail deposit products, which among the following is irrelevant? |
| A. | Recurring deposit accounts |
| B. | Term deposit accounts |
| C. | No frills accounts for common man |
| D. | Depository services |
| E. | Senior citizen deposit accounts |
| Answer» E. Senior citizen deposit accounts | |
| 1863. |
It is a tax which is levied at the same rate all income levels. |
| A. | Progressive Tax |
| B. | Regressive Tax |
| C. | Proportional Tax |
| D. | Sales Tax |
| E. | None of these |
| Answer» D. Sales Tax | |
| 1864. |
Which bank has launched the country‘s first contactless debit and credit cards on 7 January 2015? |
| A. | HDFC |
| B. | SBI |
| C. | ICICI |
| D. | Union Bank of India |
| E. | Yes Bank |
| Answer» D. Union Bank of India | |
| 1865. |
The bank conducts Government business as an agent of |
| A. | Union and state Government |
| B. | Reserve Bank of India |
| C. | State Bank of India |
| D. | SIDBI |
| E. | None of these |
| Answer» C. State Bank of India | |
| 1866. |
Now a bank can enter in the field of insurance sector. To enter in the field ofinsurance the minimum net worth of a bank should be |
| A. | Rs 200 Crores |
| B. | Rs 500 Crores |
| C. | Rs 100 Crores |
| D. | Rs 50 Crores |
| E. | No such requirement |
| Answer» C. Rs 100 Crores | |
| 1867. |
A tradition of trust is the tagline of |
| A. | Bank of Maharashtra |
| B. | Syndicate Bank |
| C. | Allahabad Bank |
| D. | Andra Bank |
| E. | None of these |
| Answer» D. Andra Bank | |
| 1868. |
Which among the following committees suggested the concept of ―Universal Banking‖ ? |
| A. | Raja Chelliah Committee |
| B. | SH Khan Committee |
| C. | Abid Hussain Committee |
| D. | LK Jha Committee |
| E. | None of them |
| Answer» C. Abid Hussain Committee | |
| 1869. |
What do you understand by the term‗Mortgage‘? |
| A. | Sale of movable security in the event of default by the borrower |
| B. | Registration of charge with the Registrar of Companies |
| C. | Making the security of immovable property available as a cover for a home loan by the borrower |
| D. | Registration of charge with the Regional Transport Authority |
| E. | Returning of the security to borrower by the bank of receipt of full payment |
| Answer» D. Registration of charge with the Regional Transport Authority | |
| 1870. |
In which country, the Unit Banking System originated? |
| A. | United States |
| B. | United Kingdom |
| C. | France |
| D. | Spain |
| E. | None of these |
| Answer» B. United Kingdom | |
| 1871. |
The govt. of India replaced the FERA ? |
| A. | FEMA |
| B. | FRBMA |
| C. | Monopolies Act |
| D. | FRTP |
| E. | None of these |
| Answer» B. FRBMA | |
| 1872. |
If the customer can do all transactions only ina branch and the branch has no online access, it is called . |
| A. | Online Banking |
| B. | Internet Banking |
| C. | Virtual Banking |
| D. | Brick and Mortar Banking |
| E. | None of these |
| Answer» E. None of these | |
| 1873. |
The word "Code Sharing" is most used in which of the following industries? |
| A. | Information Technology |
| B. | Defense Industry |
| C. | Nuclear Industry |
| D. | Air Transport Industry |
| E. | None of these |
| Answer» E. None of these | |
| 1874. |
What is meant by a stale cheque? |
| A. | A cheque which is lost or stolen |
| B. | A cheque which is more than three months old from the date of the cheque |
| C. | A cheque which is defaced/ mutilated |
| D. | A cheque from an account which is closed |
| E. | None of these |
| Answer» B. A cheque which is more than three months old from the date of the cheque | |
| 1875. |
Which among the following is incorrect about Bank Ombudsman ? |
| A. | Bank Ombudsman scheme was first introduced in 1995 but start in operations from 2006 |
| B. | Bank Ombudsman has the power to solve bank Complaints |
| C. | Bank Ombudsman acts as the one of representative of Reserve Bank of India in order to implement RBIs rules and regulations |
| D. | All the Above |
| E. | None of these |
| Answer» F. | |
| 1876. |
Which of the following is not a Public SectorUnit? |
| A. | HPCL |
| B. | HAL |
| C. | SAIL |
| D. | YES Bank |
| E. | IDBI Bank |
| Answer» E. IDBI Bank | |
| 1877. |
Which of the following scheme is not meantfor investment |
| A. | National saving certificate |
| B. | Infrastructure bonds |
| C. | Mutual funds |
| D. | Letter of credit |
| E. | None of these |
| Answer» E. None of these | |
| 1878. |
First state cooperative bank to have its own―RuPay‖ ATM cum Debit Card is ? |
| A. | HP |
| B. | Bihar |
| C. | AP |
| D. | Rajasthan |
| E. | None of these |
| Answer» B. Bihar | |
| 1879. |
Which of the following is an investmentadvisory discipline? |
| A. | Corporate Industrial Finance |
| B. | Offshare Banking |
| C. | Wholesale Banking |
| D. | Wealth Management |
| E. | Trade Finance |
| Answer» E. Trade Finance | |
| 1880. |
The World Bank group is made up of how many organisations? |
| A. | 3 |
| B. | 5 |
| C. | 7 |
| D. | 8 |
| E. | 10 |
| Answer» C. 7 | |
| 1881. |
In which among the following years NPCI (National Payments Corporation of India)was incorporated- |
| A. | December 2008 |
| B. | January 2006 |
| C. | April 2010 |
| D. | July 2012 |
| E. | None of the given options is true |
| Answer» B. January 2006 | |
| 1882. |
refers borrower‘s ability to meet immediate liabilities. |
| A. | Current Ratio |
| B. | Gearing Ratio |
| C. | Acid-Test Ratio |
| D. | All of the above |
| E. | None of the Above |
| Answer» D. All of the above | |
| 1883. |
The ―Stand Up India‖ is aimed at promotingentrepreneurship among women and scheduled castes and tribes. The bank loans under the scheme shall be referenced to _ |
| A. | SIDBI |
| B. | NABARD |
| C. | RBI |
| D. | MUDRA |
| E. | DRDA |
| Answer» B. NABARD | |
| 1884. |
In Banking terminology, NPA means |
| A. | Non-Promise Account |
| B. | Non-Personal Account |
| C. | Non-Performing Asset |
| D. | Net-performing Asset |
| E. | None of these |
| Answer» D. Net-performing Asset | |
| 1885. |
CBS stand for? |
| A. | Centralised banking system |
| B. | Computer based Solution |
| C. | Core banking Solution |
| D. | Customised banking Solution |
| E. | None of the Above |
| Answer» D. Customised banking Solution | |
| 1886. |
―Entry Load‖ is a term associated with whichof the following? |
| A. | Mortgage |
| B. | Reinsurance |
| C. | Startups |
| D. | Mutual Funds |
| E. | Shipping |
| Answer» E. Shipping | |
| 1887. |
―Blending Modernity with Tradition‖ is the slogan of ? |
| A. | State Bank of Patiala |
| B. | SBI |
| C. | SBH |
| D. | SBM |
| E. | SEBI |
| Answer» B. SBI | |
| 1888. |
Who is the MD and CEO of Syndicate Bank? |
| A. | Rakesh Sethi |
| B. | Arun Shrivastava |
| C. | Melwyn Oswald Rego |
| D. | Mahesh Kumar Jain |
| E. | None of these |
| Answer» C. Melwyn Oswald Rego | |
| 1889. |
Merchant banking in India is governed by:- |
| A. | SEBI |
| B. | RBI |
| C. | IRDA |
| D. | ministry of finance |
| E. | None of these |
| Answer» B. RBI | |
| 1890. |
Which of the following Indian company sets it record to be the first company to overtake its parent company in terms of ‗market valuation‘? |
| A. | Mahindra & Mahindra |
| B. | Tata Motors |
| C. | Ashok Leyland |
| D. | TCS |
| E. | None of these |
| Answer» E. None of these | |
| 1891. |
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 | |
| 1892. |
The tax on import and export is known as |
| A. | income tax |
| B. | trade tax |
| C. | custom duty |
| D. | commercial tax. |
| E. | None of these |
| Answer» D. commercial tax. | |
| 1893. |
Which of the following banks was first toestablish merchant banking business in India? |
| A. | ABN Amro Bank |
| B. | Citibank |
| C. | HDFC Bank |
| D. | Standard chartered |
| E. | Grindlays Bank |
| Answer» F. | |
| 1894. |
Which among the following is short term borrowings for any firm? |
| A. | Debentures |
| B. | Shares |
| C. | Long term loans availed from banks |
| D. | Subordinated borrowings |
| E. | Sundry creditors |
| Answer» F. | |
| 1895. |
Safe deposit locker – a product offered in the Indian retail banking segment under: |
| A. | Retail loan products |
| B. | Retail deposit products |
| C. | Retail services |
| D. | Retail facilities |
| E. | Retail comforts |
| Answer» D. Retail facilities | |
| 1896. |
When the banker talks about CDR, what is he talking about? |
| A. | Corporate Debt Restructuring |
| B. | Corporate Debt Roll over |
| C. | Company Debt Roll over |
| D. | Corporate Deposit Restructuring |
| E. | Company Deposit Restructuring |
| Answer» B. Corporate Debt Roll over | |
| 1897. |
Banks borrow in this money market for the following purposes: |
| A. | To fill the gaps in temporary mismatches in funds |
| B. | To meet the cash reserve ratio and statutory reserve ratio – the mandatory requirements as stipulated by RBI |
| C. | To meet sudden demand for funds arising out of larger outflows |
| D. | All the above |
| E. | none of the above |
| Answer» E. none of the above | |
| 1898. |
Demand draft is a |
| A. | not negotiable instrument |
| B. | not transferable instrument |
| C. | negotiable instrument |
| D. | Quasi-negotiable instrument |
| E. | none of the above |
| Answer» D. Quasi-negotiable instrument | |
| 1899. |
The Bank of Calcutta, Bank of Bombay andBank 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 |
| E. | None of these |
| Answer» C. Bank of India | |
| 1900. |
When was the Small Industrial Development Bank of India established? |
| A. | 2 January 1990 |
| B. | 2 December 1982 |
| C. | 2 April 1982 |
| D. | 2 December 1990 |
| E. | 2 April 1990 |
| Answer» F. | |