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.
| 1901. |
Which was the first Mutual Fund started in India ? |
| A. | SBI Mutual Fund |
| B. | HDFC Mutual Fund |
| C. | Kotak Pioneer Mutual Fund |
| D. | Indian Bank Mutual Fund |
| E. | None of the above |
| Answer» F. | |
| 1902. |
KYC‘ (Know Your Customer) norms wereimplemented in the Indian banking system in 2002 as per the directive of ? |
| A. | SEBI |
| B. | RBI |
| C. | IBA |
| D. | IRDA |
| E. | None of these |
| Answer» C. IBA | |
| 1903. |
Which of the following is not a ‗Money MarketInstrument‘? |
| A. | Treasury Bills |
| B. | Commercial Paper |
| C. | Certificate of Deposit |
| D. | Equity shares |
| E. | None of these |
| Answer» E. None of these | |
| 1904. |
External Commercial Borrowings (ECBs) form part of? |
| A. | Current Account |
| B. | Capital Account |
| C. | Either (a) or (b) |
| D. | Balance of Payments |
| E. | None of the above |
| Answer» C. Either (a) or (b) | |
| 1905. |
The interest on recurring deposit is paid on the basis of? |
| A. | Interest calculated on daily products basis |
| B. | Simple interest on monthly products basis |
| C. | Simple interest calculated monthly basis |
| D. | Quarterly compounding |
| E. | None of these |
| Answer» E. None of these | |
| 1906. |
What does ‗Kite Flying‘ refers to in the banking terminology? |
| A. | The practice of depositing and withdrawing frequently in a bank account. |
| B. | Opening of multiple accounts with different names by any individual |
| C. | Doing unauthorised business |
| D. | Permitting drawls against uncleared cheques |
| E. | None of these |
| Answer» E. None of these | |
| 1907. |
In International Bankingterms,‖Appreciation‖ of Rupee means _ |
| A. | Excess of exports over imports |
| B. | Purchasing power of rupee has come down |
| C. | Availability of less foreign currency vis-a-vis rupee |
| D. | Excess of imports over exports |
| E. | Availability of more foreign currency vis-a-vis rupee |
| Answer» D. Excess of imports over exports | |
| 1908. |
Pledge means? |
| A. | advance against goods |
| B. | open working capital limits |
| C. | bailment of goods as security for payment of a debt or performance of a promise |
| D. | all of the above |
| E. | none of these |
| Answer» D. all of the above | |
| 1909. |
What is the full form of the name ‗ILO‘ an agency of the United Nations? |
| A. | International Labour Organization |
| B. | International Legal Organization |
| C. | Indian Labour Organization |
| D. | Information & Legal Organization |
| E. | Indian Lawyer’s Organization |
| Answer» B. International Legal Organization | |
| 1910. |
IDBI Bank has reduced interest rates, ranging from 50 to 75 basis points, on retail term deposits (RTD) with effect from April 5, 2017. Where is headquarter of IDBI Bank? |
| A. | Bengaluru |
| B. | Mumbai |
| C. | New Delhi |
| D. | Chennai |
| E. | Kolkata |
| Answer» C. New Delhi | |
| 1911. |
The first government of RBI is – |
| A. | C.D. Deshmush |
| B. | Dr. Manmohan Singh |
| C. | C. Rang Rajan |
| D. | D. Subba Rao |
| E. | None of these |
| Answer» B. Dr. Manmohan Singh | |
| 1912. |
Who is issuing license to perform insurancebusiness by banks |
| A. | RBI |
| B. | IRDA |
| C. | SEBI |
| D. | Central government |
| E. | LIC |
| Answer» C. SEBI | |
| 1913. |
After State Bank of India, which of thefollowing banks has the largest number of offices? |
| A. | Punjab National Bank |
| B. | Bank of India |
| C. | Andhra Bank |
| D. | Canara Bank |
| E. | None of these |
| Answer» B. Bank of India | |
| 1914. |
Which among the following is at times mentioned as a kind of Direct Debit Facility? |
| A. | RTGS |
| B. | ECS |
| C. | NEFT |
| D. | IMPS |
| E. | None of these |
| Answer» C. NEFT | |
| 1915. |
Which is the highest bank in the banking structure of India? |
| A. | SBI |
| B. | Central bank of India |
| C. | Industrial Development bank of India |
| D. | RBI |
| E. | None of these |
| Answer» E. None of these | |
| 1916. |
Which of the following terms is used in banking field? |
| A. | Input Devices |
| B. | Zero Hour |
| C. | Interest Rate Swap |
| D. | Sedimentary |
| E. | Privilege Motion |
| Answer» D. Sedimentary | |
| 1917. |
You might have heard of 'a bank run'. What does it mean? |
| A. | Identifies those banks which are performing very well |
| B. | Banks which are promoting marathon sports events |
| C. | When people rush to withdraw funds from their bank accounts |
| D. | When banks do door to door publicity campaigns |
| E. | None of these |
| Answer» D. When banks do door to door publicity campaigns | |
| 1918. |
The National Social Security Fund (NSSF) helps which of the following groups of society? |
| A. | Bank employees |
| B. | Central government employees |
| C. | Workers in the unorganized sector |
| D. | Workers in the textile industry |
| E. | Women employees |
| Answer» D. Workers in the textile industry | |
| 1919. |
Bank draft is a |
| A. | letter from the bank |
| B. | cheque which a bank draws itself |
| C. | Instruction to a banker to collect a customer’s debt. |
| D. | Instruction not to honor a stop payment |
| E. | Other than the given options |
| Answer» C. Instruction to a banker to collect a customer’s debt. | |
| 1920. |
Which among the following definitions of ATMs are incorrect: |
| A. | Onsite ATM – The ATMs installed within a premises. |
| B. | Stand Alone ATM – The ATMs are not connected with any ATM network hence their transactions are restricted to the ATM’s branch and link branches only. |
| C. | Both of Above |
| D. | Online ATMS - These ATMs are connected to the bank’s database at all times and provide real time transactions online. The withdrawal limits and account balances are constantly monitored by the bank. |
| E. | None of These |
| Answer» F. | |
| 1921. |
The Reserve Bank of India will transfer its surplus profit of 65,896 crore rupees to the Centre. This amount is percent higher than previous year. |
| A. | 5% |
| B. | 19% |
| C. | 25% |
| D. | 33% |
| E. | None of these |
| Answer» D. 33% | |
| 1922. |
Banks are required to provide loans to the priority sector upto a specified limit. What is the limit for public sector bank? |
| A. | 50% |
| B. | 20% |
| C. | 40% |
| D. | 10% |
| E. | None of these |
| Answer» D. 10% | |
| 1923. |
Banks have started opening bio-metric ATMs now. Such ATMs will prove most beneficial for which of the following categories of customers ? |
| A. | Govt. employees |
| B. | HNIs |
| C. | NRIs |
| D. | Students |
| E. | Illiterate people |
| Answer» F. | |
| 1924. |
The main business of banks is to accept deposits from the public. However, a bank can refuse to permit opening an account on behalf of : |
| A. | Undesirable persons |
| B. | Artificial persons |
| C. | Arrested persons |
| D. | Convicted persons |
| E. | All of the above |
| Answer» B. Artificial persons | |
| 1925. |
Capital market can be divided into |
| A. | industrial securities market |
| B. | gilt edged market |
| C. | personal securities market |
| D. | both a) and b) |
| E. | none of the above |
| Answer» E. none of the above | |
| 1926. |
Free Trade Refers to |
| A. | Free movement of Goods from one country to other. |
| B. | Movement of Goods from one Country to another free of cost. |
| C. | Unrestricted exchange of Goods and Services. |
| D. | Tool free of Duty |
| E. | None of these |
| Answer» D. Tool free of Duty | |
| 1927. |
The Reserve Bank of India has allowed banks to invest in REITs and InvITs, a move that will help revive the cash-starved infrastructure sector. REITs stand for- |
| A. | Real Estate Investment Treaty |
| B. | Real Estate Investment Trust |
| C. | Real Estate Investment Transfer |
| D. | Real Estate Interface Trust |
| E. | Real Electrical Investment Trust |
| Answer» C. Real Estate Investment Transfer | |
| 1928. |
Consider these statements:-Statement I – One rupee note is the liability of GOI. Statement II – Two rupee note is the liability of RBI. |
| A. | Both statements are true. |
| B. | Both are false. |
| C. | Statement I is true, whereas II is false. |
| D. | Statement I is false, whereas II is true. |
| E. | None of these. |
| Answer» B. Both are false. | |
| 1929. |
Minimum limit for sending money to Nepalthrough NEFT (National Electronic fund Transfer) in a single day? |
| A. | 10000 |
| B. | 50000 |
| C. | 25000 |
| D. | 100000 |
| E. | 200000 |
| Answer» C. 25000 | |
| 1930. |
Headquarters of Syndicate Bank in |
| A. | Kolkata |
| B. | Chennai |
| C. | Manipal |
| D. | Mumbai |
| E. | None of these |
| Answer» D. Mumbai | |
| 1931. |
When there is an inflationary trend in the economy what would be trend in the pricing of the Bank products? |
| A. | Increasing trend |
| B. | Decreasing trend |
| C. | Constant trend |
| D. | There is no relevance of the inflation in pricing of the Banking Products |
| E. | None of these |
| Answer» B. Decreasing trend | |
| 1932. |
AML Stands for |
| A. | Anti Monitory Limit |
| B. | Anti Money Laundering |
| C. | Always money laundering |
| D. | Anytime Money Laundering |
| E. | None of the above |
| Answer» C. Always money laundering | |
| 1933. |
Issuing of credit cards is a component of |
| A. | Corporate Banking |
| B. | Micro Finance |
| C. | Retail Banking |
| D. | Rural Banking |
| E. | None of these |
| Answer» D. Rural Banking | |
| 1934. |
The commercial paper can be issued by ? |
| A. | Corporates |
| B. | Reserve Bank of India |
| C. | IDBI |
| D. | Every non-banking company |
| E. | None of the above |
| Answer» B. Reserve Bank of India | |
| 1935. |
Basel norms which are important regulatorystipulations are meant for which sector? |
| A. | Insurance |
| B. | Banking |
| C. | Micro finance |
| D. | Pension funds |
| E. | None |
| Answer» C. Micro finance | |
| 1936. |
Where is the head quarter of Telecom Regulatory Authority of India (TRAI)? |
| A. | New Delhi |
| B. | Gujrat |
| C. | Pune |
| D. | Bangalore |
| E. | None of these |
| Answer» B. Gujrat | |
| 1937. |
What is the Cash Reserve Ratio (CRR) at present? |
| A. | 4% |
| B. | 4.25% |
| C. | 4.5% |
| D. | 4.75% |
| E. | None |
| Answer» B. 4.25% | |
| 1938. |
The customers will be issued on the date of issuance of the SGB. |
| A. | Certificate of Deposit |
| B. | Commercial Paper |
| C. | Certificate of Holding |
| D. | All of these |
| E. | None of these |
| Answer» D. All of these | |
| 1939. |
which just received the Reserve Bank of India's license to launch a payments bank has inked a deal with ICICI group companies to distribute insurance products and tied up with Exide Life insurance to sell products via its distribution channel. |
| A. | Au Financiers (India) Ltd. |
| B. | Fino Paytech |
| C. | Capital Local Area Bank Ltd. |
| D. | Equitas Holdings P Limited |
| E. | None of the above |
| Answer» C. Capital Local Area Bank Ltd. | |
| 1940. |
MD and CEO of Canara Bank is |
| A. | P S Jayakumar |
| B. | Kishore Piraji Kharat |
| C. | Rakesh Sharma |
| D. | Usha Ananthasubramanian |
| E. | None of these |
| Answer» D. Usha Ananthasubramanian | |
| 1941. |
In a prepaid card the maximum value to be stored is? |
| A. | 25000 |
| B. | 50000 |
| C. | 10000 |
| D. | 20000 |
| E. | None of these |
| Answer» C. 10000 | |
| 1942. |
————– is a financial intermediary whohelps to mobilize and transfer capital from those who possess it to those who need it? |
| A. | Lease finance |
| B. | Venture capital |
| C. | Merchant banker |
| D. | hire purchaser |
| E. | None of these |
| Answer» C. Merchant banker | |
| 1943. |
Where is the head quarter of Insurance Regulatory and Development Authority (IRDA)? |
| A. | Hydrabad |
| B. | Bangalore |
| C. | Mumbai |
| D. | Delhi |
| E. | None of these |
| Answer» B. Bangalore | |
| 1944. |
As per the provision of the Coinage Act, 2011,coins of any denomination not lower than one rupee shall be legal tender for . |
| A. | Any sum |
| B. | Any sum not exceeding Rs. 10 |
| C. | Any sum not exceeding Rs. 50 |
| D. | Any sum not exceeding Rs. 100 |
| E. | Any sum not exceeding Rs. 500 |
| Answer» B. Any sum not exceeding Rs. 10 | |
| 1945. |
KYC Compliance is done to . |
| A. | Identify a person |
| B. | To know the address of a person |
| C. | To ensure the genuineness the person‟s identity as mentioned in the application and to verify the correctness of address |
| D. | Concern state government |
| E. | None of these |
| Answer» D. Concern state government | |
| 1946. |
Name the 5 cities where RBI issued plastic notes ? |
| A. | Kochi,Patna,Delhi,Ahmadabad and Chennai |
| B. | Jaipur,Shimla,Delhi,Patna and Mimbai |
| C. | Mumbai,Shimla,Jaipur,Patna and Chennai |
| D. | Jaipur,Shimla,Kochi,Mysore and Mumbai |
| E. | Kochi,Mysore,Jaipur,Bhubhaneswar and Shimla |
| Answer» F. | |
| 1947. |
RBI uses bank rate in order to control . |
| A. | Money supply, volume of bank credit and cost of bank credit. |
| B. | Liquidity |
| C. | Cash holdings of banks |
| D. | Financial position of banks |
| E. | None of these |
| Answer» B. Liquidity | |
| 1948. |
Which commission distributes the taxes between center and states? |
| A. | Finance Commission |
| B. | NITI Ayog |
| C. | SEBI |
| D. | NABARD |
| E. | None of these |
| Answer» B. NITI Ayog | |
| 1949. |
Banks which are included in the second schedule of the Reserve Bank of India Act, 1934 are called as ? |
| A. | Public Sector Banks |
| B. | Co-Operative Banks |
| C. | Foreign Banks |
| D. | Scheduled Banks |
| E. | None of these |
| Answer» E. None of these | |
| 1950. |
The government has allowed issue of Long- Term Bonds for Insurance Companies and others upto: |
| A. | 10 years |
| B. | 15 years |
| C. | 25 years |
| D. | 30 years |
| E. | None of the above |
| Answer» D. 30 years | |