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.
| 2101. |
Banks has different interest rates for different loans products. To which rate are these interest rates linked? |
| A. | RBI Administered rate |
| B. | Prime lending rate |
| C. | Base rate |
| D. | Bank rate |
| E. | None of these |
| Answer» D. Bank rate | |
| 2102. |
An Asset Reconstruction Company(ARC) in India is associated with |
| A. | UCPDC |
| B. | DICGC |
| C. | NPA |
| D. | All of the above |
| E. | None of the Above |
| Answer» D. All of the above | |
| 2103. |
Under merchant banking, consultancy services are rendered by banks/merchant bankers for |
| A. | floating of new companies |
| B. | preparation, planning and execution of new projects |
| C. | giving expert guidance and managing the new promotions or new promotions of industries/enterprises |
| D. | all of the above |
| E. | none of the above |
| Answer» E. none of the above | |
| 2104. |
First Multi-currency international Debit Cards are issued in India by . |
| A. | ICICI Bank |
| B. | State Bank of India |
| C. | Axis Bank |
| D. | Indian Bank |
| E. | None of these |
| Answer» C. Axis Bank | |
| 2105. |
A customer is required to maintain adequate balances in his/her accounts in order to use his card in the merchant establishments? |
| A. | Smart Card |
| B. | Credit Card |
| C. | Add-on Credit card |
| D. | Debit Card |
| E. | None of the above |
| Answer» E. None of the above | |
| 2106. |
Providing banking services to a customerwithout his entrance inside the bank‘s branch is called as: |
| A. | Virtual banking |
| B. | Relationship banking |
| C. | Universal banking |
| D. | Mobile banking |
| E. | None of these |
| Answer» B. Relationship banking | |
| 2107. |
Which of the following is not a banking term? |
| A. | Letter of credit |
| B. | MIBOR |
| C. | Factoring services |
| D. | Entry load |
| E. | None of these |
| Answer» E. None of these | |
| 2108. |
CPI stands for . |
| A. | Cost Price Index |
| B. | Current Price Index |
| C. | Consumer Price Index |
| D. | Cash Price Index |
| E. | None of these |
| Answer» D. Cash Price Index | |
| 2109. |
In SNRR Account, SNRR stands for |
| A. | Statutory Non Resident Rupee |
| B. | Single Non Resident Rupee |
| C. | Statutory Non Reflex Rupee |
| D. | Single Non Resident Rupee |
| E. | Special Non Resident Rupee |
| Answer» F. | |
| 2110. |
Banking services delivered to a customer by means of a computer control system that does not directly involve banks branch is called? |
| A. | Brick & Mortal banking |
| B. | Virtual banking |
| C. | Universal banking |
| D. | All of the above |
| E. | None of these |
| Answer» C. Universal banking | |
| 2111. |
Which of the following institutions is involved in granting Housing Loans? |
| A. | RBI |
| B. | SBI |
| C. | IBA |
| D. | ICICI |
| E. | HDFC |
| Answer» F. | |
| 2112. |
In which of the following cities, The Head Office of FICCI is located?1518). Fixed deposits are for the bank in general |
| A. | Fixed Asset |
| B. | Time liability |
| C. | Demand liability |
| D. | Current Assets |
| E. | None of these |
| Answer» C. Demand liability | |
| 2113. |
The Centre will over the next four years infuse how many crore rupees into the state-owned banks ? |
| A. | Rs. 70,000 crore |
| B. | Rs. 80,000 crore |
| C. | Rs. 90,000 crore |
| D. | Rs. 65,000 crore |
| E. | None |
| Answer» B. Rs. 80,000 crore | |
| 2114. |
‗Birr‘ is the name of currency of which of thefollowing countries? |
| A. | Eritrea |
| B. | Haiti |
| C. | Ethiopia |
| D. | Latvia |
| E. | Romania |
| Answer» D. Latvia | |
| 2115. |
To maintain price stability, while keeping in mind the objective of growth, RBI Act 1934 has been amended by the finance Act, 2016 to provide for a statutory and institutionalized framework for MPC. In this context, MPC stands for . |
| A. | Money Policy Committee |
| B. | Monetary Prime Committee |
| C. | Monetary Public Committee |
| D. | Maintain Policy Committee |
| E. | Monetary Policy Committee |
| Answer» F. | |
| 2116. |
Full form of QIB is |
| A. | Quantitative Institution Board |
| B. | Qualified Inclusive Board |
| C. | Qualified Institutional Buyers |
| D. | Quantity Institutional Buyers |
| E. | Quantified Infrastructure Board |
| Answer» D. Quantity Institutional Buyers | |
| 2117. |
Which of the following is also known aspolicy rate? |
| A. | Bank rate |
| B. | Repo rate |
| C. | Base rate |
| D. | CRR |
| E. | None of these |
| Answer» E. None of these | |
| 2118. |
What does ‗S‘ stand for in the abbreviation‗MSF‘? |
| A. | Standing |
| B. | Status |
| C. | Still |
| D. | State |
| E. | None of the above |
| Answer» B. Status | |
| 2119. |
Which is India‘s first and largest Asset Reconstruction Company? |
| A. | ARCIL |
| B. | PARAS |
| C. | Relaince ARC |
| D. | Both a) and b) |
| E. | None of the Above |
| Answer» B. PARAS | |
| 2120. |
Current accounts are meant and useful for ? |
| A. | Investment purposes |
| B. | Identity purposes |
| C. | Savings purposes |
| D. | Day-to-day business needs |
| E. | Operational convenience |
| Answer» E. Operational convenience | |
| 2121. |
Head Office of the Asian Development Bank located in |
| A. | Jakarta |
| B. | Manila |
| C. | Nairobi |
| D. | Tokyo |
| E. | New Delhi |
| Answer» C. Nairobi | |
| 2122. |
Loan given by the banks to farmers/small shop owners etc. is known as |
| A. | Corporate loan |
| B. | Business loan |
| C. | Priority Loan |
| D. | Commercial Loan |
| E. | None of the above |
| Answer» D. Commercial Loan | |
| 2123. |
Till 30th June, 1955, State Bank of India(SBI) was known as |
| A. | State Bank of British India |
| B. | Imperial Bank of India |
| C. | India Central bank |
| D. | Central Bank of India |
| E. | None of these |
| Answer» C. India Central bank | |
| 2124. |
Certificate of deposit can be subscribed by |
| A. | individuals |
| B. | corporate companies |
| C. | Trusts, funds, association et.c |
| D. | ( a) and (b) |
| E. | all of (a) to (c) |
| Answer» F. | |
| 2125. |
In which of the following market does devaluation of currency happen? |
| A. | Fixed exchange rate |
| B. | Floating exchange rate |
| C. | Pegged exchange rate |
| D. | Either A or B |
| E. | None of these |
| Answer» B. Floating exchange rate | |
| 2126. |
The components of Tier I capital of a banking company include: |
| A. | capital reserve representing surplus arising out of sale proceeds of assets |
| B. | paid-up capital, statutory reserves and other disclosed free reserves, if any |
| C. | both (a) and (b) |
| D. | either (a) and (b) |
| E. | None of the above |
| Answer» D. either (a) and (b) | |
| 2127. |
DICGC stands for ----- |
| A. | Demand insurance and Credit guarantee Corporation |
| B. | Demand insured and Current guarantee Corporation |
| C. | Deposit insured and Credit guarantee Corporation |
| D. | Detailed insurance and Credit guarantee Corporation |
| E. | Deposit insurance and Credit guarantee Corporation |
| Answer» F. | |
| 2128. |
Balance in a current account is classified as – |
| A. | Hybrid deposit |
| B. | Term deposit |
| C. | Demand deposit |
| D. | Flexi deposit |
| E. | None of these |
| Answer» D. Flexi deposit | |
| 2129. |
Which of the following banks is not wholly owned by the Government of India? |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | Punjab and Sind Bank |
| D. | Central Bank of India |
| E. | None of these |
| Answer» C. Punjab and Sind Bank | |
| 2130. |
Which of the following is the basic objective of R.B.I's monetary policy ? |
| A. | To control deficit in the balance of payment |
| B. | To control public expenditure |
| C. | To control deficit of the budget |
| D. | To control cost and availability of money |
| E. | None of these |
| Answer» E. None of these | |
| 2131. |
Khandelwal Committee relates to study of………….. issue in Public Sector Banks? |
| A. | Capital Adequacy Ratio |
| B. | Human Resources |
| C. | Branch Expansion |
| D. | Foreign Exchange |
| E. | None of the above |
| Answer» C. Branch Expansion | |
| 2132. |
Which of the following is the Banker of the Banks? |
| A. | IDBI |
| B. | SBI |
| C. | RBI |
| D. | SBI and RBI |
| E. | SEBI |
| Answer» D. SBI and RBI | |
| 2133. |
Which of the following cannot be called as aDebt Instrument as referred in financial transactions? |
| A. | Certificate of Deposits |
| B. | Bonds |
| C. | Stocks |
| D. | Commercial Papers |
| E. | Loans |
| Answer» D. Commercial Papers | |
| 2134. |
Which one of the following banks gives long term loans to agriculture? |
| A. | State co-operative bank |
| B. | Commercial bank |
| C. | Primary credit society |
| D. | Land development bank |
| E. | None of these |
| Answer» B. Commercial bank | |
| 2135. |
Who all can hire a locker in a bank? |
| A. | Individuals |
| B. | Limited companies and societies |
| C. | Specified associations |
| D. | Two persons jointly |
| E. | All the above |
| Answer» F. | |
| 2136. |
Which of the following is/are essential features of a genuine currency note? |
| A. | The issuing authorities name should be printed it |
| B. | The promise clause should be there |
| C. | The guarantee clause should be there |
| D. | All of the above |
| E. | None of these |
| Answer» E. None of these | |
| 2137. |
Which of the following terms is used inbanking field? |
| A. | Interest rate swap |
| B. | Input devices |
| C. | Sedimentary |
| D. | Zero Hour |
| E. | None of these |
| Answer» B. Input devices | |
| 2138. |
Which of the following has become the first bank in India to connect with Earthport's global payments network, which spans over 60 countries? |
| A. | Federal Bank |
| B. | Kotak Mahindra Bank |
| C. | Axis Bank |
| D. | ICICI Bank |
| E. | Yes Bank |
| Answer» D. ICICI Bank | |
| 2139. |
In the term STRIPS, the S denotes |
| A. | Small |
| B. | Single |
| C. | Separate |
| D. | Savings |
| E. | None of these |
| Answer» D. Savings | |
| 2140. |
The regional Rural Banks are sponsored by |
| A. | Unit Trust of India |
| B. | Reserve Bank of India |
| C. | Life Insurance Corporation of India |
| D. | NABARD |
| E. | Any Scheduled Commercial bank |
| Answer» F. | |
| 2141. |
Who is conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016monthly publication? |
| A. | Janet Yellen |
| B. | Raghuram Rajan |
| C. | Graeme Wheeler |
| D. | Mario Draghi |
| E. | None of these |
| Answer» C. Graeme Wheeler | |
| 2142. |
Which is incorrect about NBFC (Non-Banking Financial Company) ? |
| A. | The deposits with NBFCs are not insured |
| B. | deposit insurance facility of Deposit Insurance and Credit Guarantee Corporati n is not available to depositors of NBFCs, unlike in case of banks |
| C. | NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself |
| D. | NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI from time to time. The present ceiling is 12.5 per cent per annum |
| E. | None of these |
| Answer» B. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporati n is not available to depositors of NBFCs, unlike in case of banks | |
| 2143. |
Which facility was set up by State bank of India on recommendation of Iyer Committee in 1991? |
| A. | RTGS |
| B. | NEFT |
| C. | BANKNET |
| D. | Rupaya |
| E. | None of these |
| Answer» D. Rupaya | |
| 2144. |
Reserve Bank of India does not perform the role of? |
| A. | Issue of Currency |
| B. | Bank of Bank |
| C. | Bank of Government |
| D. | to accept money from public |
| E. | none of these |
| Answer» E. none of these | |
| 2145. |
Indian Banking Regulation Act was passed in the year? |
| A. | 1949 |
| B. | 1969 |
| C. | 1971 |
| D. | 1947 |
| E. | None of these |
| Answer» B. 1969 | |
| 2146. |
When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called |
| A. | Revenue Deficit |
| B. | Budgetary Deficit |
| C. | Zero Budgeting |
| D. | Trade Gap |
| E. | Balance of Payment Problem |
| Answer» C. Zero Budgeting | |
| 2147. |
One of the State Government avails of a temporary financial assistance from Reserve Bank of India. This type of finance is called ? |
| A. | Overdraft |
| B. | Temporary loan |
| C. | Short term finance |
| D. | Ways and Means advance |
| E. | None of the above |
| Answer» E. None of the above | |
| 2148. |
Bank Rate is……….? |
| A. | Rate at which commercial banks borrow long term funds from Central Bank. |
| B. | Rate at which commercial banks borrow Short term funds from Central Bank. |
| C. | None of these |
| D. | Both 1 and 3 |
| E. | cannot be determined |
| Answer» B. Rate at which commercial banks borrow Short term funds from Central Bank. | |
| 2149. |
The initial public offer is connected to whichamong the following: |
| A. | Primary market |
| B. | Secondary market |
| C. | Old issues market |
| D. | gilt edged securities market |
| E. | None of the above |
| Answer» B. Secondary market | |
| 2150. |
What does ‗T‘ in RTGS stand for? |
| A. | Time |
| B. | Transaction |
| C. | Tax |
| D. | Transfer |
| E. | None of these |
| Answer» B. Transaction | |