MCQOPTIONS
Saved Bookmarks
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.
| 2201. |
When it comes to unorganized sector, which among the following is not true? |
| A. | Indigenous bankers |
| B. | Money lenders |
| C. | Chit funds |
| D. | Nidhis |
| E. | Cooperative bank |
| Answer» F. | |
| 2202. |
What is the upper limit prescribed for RTGS transaction? |
| A. | Rs. 5 lacs |
| B. | Rs. 1 lacs |
| C. | Rs. 25 lacs |
| D. | Rs. 50 lacs |
| E. | No upper limits is prescribed |
| Answer» F. | |
| 2203. |
Which of the following banks have become thefirst banks to join SWIFT‘s global payments initiative? |
| A. | ICICI and HDFC Bank |
| B. | IndusInd Bank and SBI |
| C. | PNB and Federal Bank |
| D. | Axis Bank and ICICI |
| E. | ICICI and SBI |
| Answer» E. ICICI and SBI | |
| 2204. |
Time period that is considered from the inception of the credit, investment or negotiable instrument and ends upon the maturity or expiry of the instrument is referred as |
| A. | Amortisation Period |
| B. | Amortising Swap |
| C. | Asset Backed Security |
| D. | Attrition Analysis |
| E. | None of these |
| Answer» B. Amortising Swap | |
| 2205. |
What percentage of Priority Sector Lending(PSL) is being created for Micro Enterprises by March 2017? |
| A. | 10 % |
| B. | 7.5 % |
| C. | 8.5 % |
| D. | 9.5 % |
| E. | None of the above |
| Answer» C. 8.5 % | |
| 2206. |
‗Ways and Means‖ advances are provided by Reserve Bank of India only to: |
| A. | central Government |
| B. | State Government |
| C. | Both (a) and (b) |
| D. | None of the above |
| E. | Cannot be determined |
| Answer» D. None of the above | |
| 2207. |
Which of the following terms is not used in thefield of Economics? |
| A. | Net income |
| B. | Cost of project |
| C. | Flow of fund |
| D. | Balance sheet |
| E. | Cold chain |
| Answer» F. | |
| 2208. |
What was the purpose of setting up Narsimhan committee-2? |
| A. | efficiency and productivity of financial institution |
| B. | banking reform process |
| C. | export of it sector |
| D. | fiscal reform process |
| E. | None of these |
| Answer» C. export of it sector | |
| 2209. |
Which of the following is the authority foreffecting changes in the Cash Reserve Ratio and Statutory Liquidity Ratio? |
| A. | Reserve Bank of India |
| B. | Indian Bank’s Association |
| C. | Government of India |
| D. | IDBI |
| E. | None of the above |
| Answer» B. Indian Bank’s Association | |
| 2210. |
means the period for which the securities cannot be delivered. |
| A. | Fixed Time Period |
| B. | Shut Period |
| C. | Grace Period |
| D. | Payback Period |
| E. | None of these |
| Answer» C. Grace Period | |
| 2211. |
The Central Office of the Reserve Bank was initially established in : |
| A. | Indore |
| B. | Delhi |
| C. | Calcutta |
| D. | None of These |
| E. | Mumbai |
| Answer» D. None of These | |
| 2212. |
CICs are permitted to invest Liquid Fund Schemes (Mutual Funds) with maturity of less than days. |
| A. | 51 |
| B. | 71 |
| C. | 61 |
| D. | 91 |
| E. | 81 |
| Answer» E. 81 | |
| 2213. |
Loans of very small amount given to lowincome group is called- |
| A. | Cash Credit |
| B. | No Frill Credit |
| C. | Rural Credit |
| D. | Micro Credit |
| E. | Simple Overdraft |
| Answer» E. Simple Overdraft | |
| 2214. |
is the organization that maintains the borrower‘s history in India. |
| A. | CAMEL |
| B. | CARE |
| C. | CRISIL |
| D. | CIBIL |
| E. | None of these |
| Answer» E. None of these | |
| 2215. |
Who is the major shareholder in NABARD? |
| A. | RBI |
| B. | Central Government |
| C. | SBI |
| D. | All of these |
| E. | None of these |
| Answer» C. SBI | |
| 2216. |
is the regulatory authority for Mutual funds: |
| A. | IRDA |
| B. | Ministry of Corporate affairs |
| C. | RBI |
| D. | SEBI |
| E. | None |
| Answer» E. None | |
| 2217. |
What is the full form of forex? |
| A. | Foreign Exemption |
| B. | Foreign Exchange |
| C. | Foreign Expert |
| D. | Foreign Expansion |
| E. | None of the above |
| Answer» C. Foreign Expert | |
| 2218. |
Which of the following is not a characteristic of foreign exchange? |
| A. | It is a commodity |
| B. | Rates are volatile |
| C. | It has no exact location |
| D. | It works 7 days in a week |
| E. | None of these |
| Answer» E. None of these | |
| 2219. |
Raising or lowering of the central bankdiscount rate is known as |
| A. | Bank rate policy |
| B. | Open Market Operation |
| C. | Cash Reserve Ratio |
| D. | None of these |
| E. | None of these |
| Answer» B. Open Market Operation | |
| 2220. |
Which of the following is the standard document that is commonly used to govern over-the- counter derivatives transactions? |
| A. | CSA Agreement |
| B. | ISDA Agreement |
| C. | GMRA Agreement |
| D. | All of these |
| E. | None of these |
| Answer» C. GMRA Agreement | |
| 2221. |
Which Bank of India maintains the Principal Accounts of Central as well as State Governments at its Central Accounts Section? |
| A. | IDBI |
| B. | SBI |
| C. | SIDBI |
| D. | NABARD |
| E. | RBI |
| Answer» F. | |
| 2222. |
For which of the following bank account thereis no deduction of TDS? |
| A. | Saving Bank accounts |
| B. | Recurring Deposit accounts |
| C. | Term deposit Accounts |
| D. | Both A & B |
| E. | None of these |
| Answer» E. None of these | |
| 2223. |
Union Budget which is presented every year in the parliament is also known as |
| A. | Annual Budget |
| B. | Common Budget |
| C. | General Budget |
| D. | Finance Report of the year |
| E. | Statement of Allocation of funds |
| Answer» D. Finance Report of the year | |
| 2224. |
NSSO headed by a Director General is responsible for conduct of large scale sample surveys in diverse fields on All India basis. NSSO stands for- |
| A. | Nominal Sample Survey Office |
| B. | National Sample Survey Office |
| C. | National Sample Survey Organization |
| D. | National Sample Service Office |
| E. | National Source Survey Office |
| Answer» C. National Sample Survey Organization | |
| 2225. |
In which year Statutory Liquidity ratio was first imposed on banks? |
| A. | 1949 |
| B. | 1951 |
| C. | 1955 |
| D. | 1968 |
| E. | None of these |
| Answer» B. 1951 | |
| 2226. |
India‘s first banking robot Lakshmi launched by in Chennai (Tamil Nadu).Lakshmi will be first onsite huamanoid (robot) in India ? |
| A. | ICICI Bank |
| B. | City Union Bank |
| C. | South Indian Bank |
| D. | Axis Bank |
| E. | None of These |
| Answer» C. South Indian Bank | |
| 2227. |
The seed capital of Bharatiya Mahila Bank is |
| A. | Rs.5000 crore |
| B. | Rs.1000 crore |
| C. | Rs.500 crore |
| D. | Rs.100 crore |
| E. | None of the above |
| Answer» C. Rs.500 crore | |
| 2228. |
In India, the bank which issued central currency is? |
| A. | Central Bank of India |
| B. | State Bank of India |
| C. | Reserve Bank of India |
| D. | Bank of India |
| E. | None of these |
| Answer» D. Bank of India | |
| 2229. |
Balance Sheet of a firm indicates which of the following? |
| A. | Profit or Loss over a period. |
| B. | Financial position of the unit over a period. |
| C. | Financial position of the unit as on a particular date. |
| D. | Position of assets and liabilities over a period oftime |
| E. | None of the above |
| Answer» D. Position of assets and liabilities over a period oftime | |
| 2230. |
A offers loans to people starting their own business" |
| A. | Bank |
| B. | Credit Union |
| C. | Pawnshop |
| D. | Both a) and b) |
| E. | None of These |
| Answer» D. Both a) and b) | |
| 2231. |
On which one of the following issues IMF hassupported monetary policy of India? |
| A. | Introduction of GST. |
| B. | Stimulus for agriculture sector |
| C. | Concessions for foreign investment |
| D. | Tightening of monetary policy |
| E. | None of these |
| Answer» E. None of these | |
| 2232. |
Who will be appointed as Banking Ombudsman? |
| A. | CGM or GM of RBI |
| B. | Deputy Governor of RBI |
| C. | Governor RBI I is an ex-officio Ombudsman |
| D. | Finance Secretary |
| E. | None of the above |
| Answer» B. Deputy Governor of RBI | |
| 2233. |
In the term called as AMFI, what do you mean by ―M‖? |
| A. | Mutual |
| B. | Money |
| C. | Managing |
| D. | Miscellaneous |
| E. | none of the above |
| Answer» B. Money | |
| 2234. |
Bank rate policy, open market operations,variable reserve requirements and statutory liquidity requirements as measures of credit control are classified as :- |
| A. | quantitative methods |
| B. | qualitative methods |
| C. | weighted average method |
| D. | both 1 and 2 |
| E. | none of the above . |
| Answer» B. qualitative methods | |
| 2235. |
Which of the following is the main advantage ―ASBA‖ with the applicants for share allotment? |
| A. | ASBA applicant has got certain preference in allotment of shares as compared to general applicants |
| B. | ASBA applicants need not remit the fund for allotment of shares, he/she will do shares are allotment to him/her |
| C. | ASBA applicant has got secured allotment of shares |
| D. | ASBA applicants deposit/OD account is debited, only the funds are blocked for same and he/she continues to avail interest till the shares are allotted to him/her. |
| E. | None of these |
| Answer» E. None of these | |
| 2236. |
Many times we read in financial newspapers/magazines about Systematic Investment Plans (SIPs). SIPs are an investment option also operated in the mode of |
| A. | Mutual Funds |
| B. | Small Savings Schemes in Post Offices |
| C. | National Pension Fund |
| D. | National Saving Certificates |
| E. | None of these |
| Answer» B. Small Savings Schemes in Post Offices | |
| 2237. |
Which of the following is the least liquid asset? |
| A. | Money |
| B. | Shares |
| C. | Machinery |
| D. | Special deposits |
| E. | None of these |
| Answer» D. Special deposits | |
| 2238. |
The Reserve Bank of India does not print currency notes of the denomination of Rs. . |
| A. | 20 |
| B. | 50 |
| C. | 3,000 |
| D. | 2,000 |
| E. | 500 |
| Answer» D. 2,000 | |
| 2239. |
Co-Operative Bank in India has a . |
| A. | Four tier system |
| B. | Two tier system |
| C. | Three tier system |
| D. | Five tier system |
| E. | Six tier system |
| Answer» D. Five tier system | |
| 2240. |
What would a lender examine to judge whether a business can be given a funding facility? |
| A. | The financial statements |
| B. | The credit history |
| C. | The business risk |
| D. | All the above |
| E. | None of these |
| Answer» E. None of these | |
| 2241. |
Prathama Bank is the first Regional Rural Bank (RRB) of India established on 2 Oct, 1975, with its Head Office at Moradabad. The bank was sponsored by |
| A. | State Bank of India |
| B. | Central Bank of India |
| C. | Bank of India |
| D. | Punjab National Bank |
| E. | Syndicate Bank |
| Answer» F. | |
| 2242. |
term refers an account that cannot be converted and repatriated into foreign currency. |
| A. | Non-Resident Ordinary Rupee or NRO Account |
| B. | Non-Resident Rupee or NRE Account |
| C. | FCNR Account |
| D. | Retail Account |
| E. | None of these |
| Answer» B. Non-Resident Rupee or NRE Account | |
| 2243. |
An increase is CRR by RBI leads to- |
| A. | Decrease in lendable resource |
| B. | Increase in lendable resource |
| C. | Decrease in deposit |
| D. | Increase in deposit |
| E. | None of these |
| Answer» B. Increase in lendable resource | |
| 2244. |
Which bank launched ‗Mobicash easy‘ scheme? |
| A. | SBP |
| B. | SBH |
| C. | SBI |
| D. | Axis |
| E. | ICICI |
| Answer» D. Axis | |
| 2245. |
Headquarters of National Investment and Infrastructure Fund (NIIF) is located at . |
| A. | New Delhi |
| B. | Hyderabad |
| C. | Mumbai |
| D. | Kolkata |
| E. | Bangalore |
| Answer» D. Kolkata | |
| 2246. |
According to the ASSOCHAM reports, which among the following states has topped in the country in terms of growth in the industry and service sectors in the last ten years? |
| A. | Gujarat |
| B. | Madhya Pradesh |
| C. | Maharashtra |
| D. | Uttrakhand |
| E. | Tamil Nadu |
| Answer» E. Tamil Nadu | |
| 2247. |
Which of the following is included in bancassurance? |
| A. | Insurance policies issued by the banks in their names |
| B. | Selling by a bank the insurance policies of its ancillary insurance company |
| C. | Selling by a bank the insurance policies of any insurance company |
| D. | All the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 2248. |
Ratnakar Bank limited (RBL) Bank has announced the opening of its Indian Financial System Code (IFSC) Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City). Where is the corporate office of RBL Bank? |
| A. | Kolhapur |
| B. | Pune |
| C. | Nagpur |
| D. | Mumbai |
| E. | Nasik |
| Answer» E. Nasik | |
| 2249. |
The term smart money refers to |
| A. | foreign currency |
| B. | Internet banking |
| C. | US Dollars |
| D. | Traveller’s cheques |
| E. | credit cards |
| Answer» F. | |
| 2250. |
Which of the following is not included in‗CAMELS‘: |
| A. | Capital Adequacy and Asset Quality |
| B. | Management and Earning Performance |
| C. | Employees Performance |
| D. | Liquidity and Systems |
| E. | None of the above |
| Answer» D. Liquidity and Systems | |