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.
| 2301. |
Before approaching Ombudsman what should the complainant do? |
| A. | Take up the matter with State Government |
| B. | Take up the matter with concerned Bank Branch within 30 days of cause of action |
| C. | Approach Lok Adalat |
| D. | Can directly approach Banking Ombudsman |
| E. | Any of the above |
| Answer» C. Approach Lok Adalat | |
| 2302. |
In which year Public Debt Act was passed ? |
| A. | 1938 |
| B. | 1940 |
| C. | 1944 |
| D. | 1948 |
| E. | None of these |
| Answer» D. 1948 | |
| 2303. |
Which of the following is one of the main functions of the Reserve Bank of India? |
| A. | Regulation of the Stock Markets |
| B. | Regulation of Life Insurance |
| C. | Regulation of General Insurance |
| D. | Regulation of Mutual Funds in India |
| E. | Banker's Bank |
| Answer» F. | |
| 2304. |
The definition of the priority sector was first formalized in 1972 by? |
| A. | Planning Commission |
| B. | National Development Council |
| C. | Reserve Bank of India |
| D. | Ministry of Finance, Government of India |
| E. | None of these |
| Answer» D. Ministry of Finance, Government of India | |
| 2305. |
National Income of India is estimated by? |
| A. | Central Estimates Survey Committee |
| B. | National Sample Survey Committee |
| C. | Central Statistical Organization |
| D. | Finance Ministry |
| E. | None of these |
| Answer» D. Finance Ministry | |
| 2306. |
RTGS as well as NEFT uses |
| A. | UTR Number |
| B. | MICR |
| C. | IFSC |
| D. | DNS |
| E. | None of these |
| Answer» D. DNS | |
| 2307. |
What is the GDP growth projected in the 2015-16? |
| A. | 8-8.5% |
| B. | 9-9.7% |
| C. | 8-9% |
| D. | 7.7 to 8.5% |
| E. | None of these |
| Answer» B. 9-9.7% | |
| 2308. |
Which among the following is NOT a pillar ofBasel III? |
| A. | Minimum capital standards |
| B. | Supervisory review |
| C. | Market discipline |
| D. | Consolidation of assets |
| E. | None of the above |
| Answer» E. None of the above | |
| 2309. |
NEFT and RTGS in banking terminology speak of |
| A. | Various deposit products |
| B. | Various loan products |
| C. | Electronic payment products within a bank |
| D. | Electronic fund transfer from bank to bank |
| E. | Cheque transaction process |
| Answer» E. Cheque transaction process | |
| 2310. |
The Headquarters of NHB located in |
| A. | Chennai |
| B. | Mumbai |
| C. | New Delhi |
| D. | Gurugram |
| E. | None of the Above |
| Answer» D. Gurugram | |
| 2311. |
Which of the following bank headquarters not located in Mumbai? |
| A. | Federal Bank |
| B. | Yes Bank |
| C. | Kotak Mahindra Bank |
| D. | HDFC Bank |
| E. | None of these |
| Answer» B. Yes Bank | |
| 2312. |
FDI refers to— |
| A. | Fixed Deposit Interest |
| B. | Fixed Deposit Investment |
| C. | Foreign Direct Investment |
| D. | Future Derivative Investment |
| E. | None of these |
| Answer» D. Future Derivative Investment | |
| 2313. |
Expand IFSC . |
| A. | Indian Financial System Code |
| B. | Indian Financial Services Code |
| C. | International Financial Service Code |
| D. | Interbank Fund Service Code |
| E. | Indian Financial Security Code |
| Answer» B. Indian Financial Services Code | |
| 2314. |
In Banking parlance, ‗NPA‘ stands for |
| A. | Non Performing Asset |
| B. | Net Producing Asset |
| C. | Net Performing Asset |
| D. | Not Promoting Asset |
| E. | None of these |
| Answer» B. Net Producing Asset | |
| 2315. |
What is Call Money ? |
| A. | Money borrowed or lent for a day or over night |
| B. | Money borrowed for more than one day but upto 3 days |
| C. | Money borrowed for more than one day but upto 7 days |
| D. | Money borrowed for more than one day but upto 14 days |
| E. | None of these |
| Answer» B. Money borrowed for more than one day but upto 3 days | |
| 2316. |
RTGS enables . |
| 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 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 | |
| 2317. |
A ‗Non-negotiable‘ crossing is a ? |
| A. | General crossing |
| B. | Special crossing |
| C. | Restricted crossing |
| D. | Non-transferable crossing |
| E. | None of the above |
| Answer» B. Special crossing | |
| 2318. |
Which of the following is the retail banking product? |
| A. | home loans |
| B. | working capital finance |
| C. | corporate term loans |
| D. | infrastructure financing |
| E. | export credit |
| Answer» B. working capital finance | |
| 2319. |
Which country issued first purely plastic note? |
| A. | New Zealand. |
| B. | Mexico, |
| C. | Singapore, |
| D. | Fiji and Canada |
| E. | Australia |
| Answer» F. | |
| 2320. |
In which among the following years NPCI was incorporated- |
| A. | July 2012 |
| B. | January 2006 |
| C. | April 2010 |
| D. | December 2008 |
| E. | None of the given options is true |
| Answer» E. None of the given options is true | |
| 2321. |
FIMMDA‘s general principles and procedures are applicable to ? |
| A. | Fixed Income Markets |
| B. | Money Markets |
| C. | Derivatives Markets |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 2322. |
Economic planning is an essential feature of |
| A. | Dual economy |
| B. | Mixed economy |
| C. | Social economy |
| D. | Capitalist economy |
| E. | None of these |
| Answer» D. Capitalist economy | |
| 2323. |
The Asian Development Bank (ADB) is a regional development bank established in 1966. It is headquartered in . |
| A. | Shanghai |
| B. | Metro Manila |
| C. | Kathmandu |
| D. | Jakarta |
| E. | None of these |
| Answer» C. Kathmandu | |
| 2324. |
INDIAs Central Bank" is slogan of:" |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | IDBI |
| D. | SEBI |
| E. | None of these |
| Answer» B. State Bank of India | |
| 2325. |
Vijaya Bank has been adjudged ‗Best Bank for SME Lending‘ in PSB category by Assocham at the 4th SMEs excellence Awards. The bank is headquartered at |
| A. | Chennai |
| B. | Hyderabad |
| C. | Bengaluru |
| D. | Mangalore |
| E. | Kochi |
| Answer» D. Mangalore | |
| 2326. |
A very large loan extended by a group of small banks to a single borrower is known as |
| A. | Secured loan |
| B. | Syndicated loan |
| C. | Non-Recourse loan |
| D. | No Documentation loan |
| E. | None of these |
| Answer» C. Non-Recourse loan | |
| 2327. |
Which among the following is a qualitative tool of monetary policy? |
| A. | Bank Rate |
| B. | Credit Ceiling |
| C. | Credit rationing |
| D. | Cash Reserve Ratio |
| E. | Repo Rate |
| Answer» D. Cash Reserve Ratio | |
| 2328. |
Which of the following scheme was formulated by RBI? |
| A. | Banking Ombudsman Scheme |
| B. | Jan Dhan Yojana |
| C. | MUDRA Bank Yojana |
| D. | Boutique Financing Scheme |
| E. | None of these |
| Answer» B. Jan Dhan Yojana | |
| 2329. |
What is the Statutory Liquidity Ratio (SLR) on January 02 2017? |
| A. | 20.75% |
| B. | 21.75% |
| C. | 20.50% |
| D. | 21.50% |
| E. | None of these |
| Answer» D. 21.50% | |
| 2330. |
What is the expanded form ECS as used in banking sector? |
| A. | Effective Clearing Service |
| B. | Enabled Clearing System |
| C. | Electronic Clearing Service |
| D. | Electronic Confirmation System |
| E. | None of these |
| Answer» D. Electronic Confirmation System | |
| 2331. |
Distribution of insurance products and insurancepolicies by banks as corporate agents is known as . |
| A. | General Insurance |
| B. | Non-life Insurance |
| C. | Bancassurance |
| D. | Insurance Banking |
| E. | Deposit Insurance |
| Answer» D. Insurance Banking | |
| 2332. |
NABARD was set up with an initial capital of- |
| A. | Rs 200 crore |
| B. | Rs 1500 crore |
| C. | Rs 500 crore |
| D. | Rs 100 crore |
| E. | Rs 1000 crore |
| Answer» E. Rs 1000 crore | |
| 2333. |
White Label ATM means: |
| A. | The ATM that does not have any bank logo. |
| B. | The ATM carries logo of RBI |
| C. | Both of Above |
| D. | None of These |
| E. | ATM Carries fund |
| Answer» B. The ATM carries logo of RBI | |
| 2334. |
When a corporate entity wishes to raise money from the market it can do that by issuing . |
| A. | Commercial Papers |
| B. | Treasury Bills |
| C. | KisanVikas Patra |
| D. | National Savings Certificates |
| E. | None of the above |
| Answer» B. Treasury Bills | |
| 2335. |
What is the objective of introduction of‗Marginal Standing Facility‘ by RBI? |
| A. | To contain volatility in the overnight inter-bank rates |
| B. | To contain volatility in MIBOR |
| C. | To contain volatility in LIBOR |
| D. | To match with standard Tier 1 capital Ratio |
| E. | None of these |
| Answer» B. To contain volatility in MIBOR | |
| 2336. |
The term ―Insider Trading‖ is related to |
| A. | Share market |
| B. | Horse racing |
| C. | Taxation |
| D. | Public expenditure |
| E. | None of these |
| Answer» B. Horse racing | |
| 2337. |
What is the full form of LAF, the term used in banking world very frequently ? |
| A. | Legal Adjournment Formality |
| B. | Liquid Advance & Finance |
| C. | Liquidity Adjustment Facility |
| D. | Late Arrival of Finance |
| E. | Local Advance Finance |
| Answer» C. Liquidity Adjustment Facility | |
| 2338. |
"Hundi" is a |
| A. | Draft |
| B. | Cheque |
| C. | Bill of exchange |
| D. | Promissory note |
| E. | None of these |
| Answer» D. Promissory note | |
| 2339. |
Which of the following is a stipulation underthe Basel III norms? |
| A. | The total minimum capital adequacy ratio to be 9% |
| B. | Banks to maintain an overall minimum capital adequacy ratio of 11.5% |
| C. | Banks to reach the minimum capital adequacy ratio of 11.5% by 31st March, 2018 |
| D. | Banks to maintain a capital adequacy ratio of 10% by 2013 |
| E. | None of these |
| Answer» D. Banks to maintain a capital adequacy ratio of 10% by 2013 | |
| 2340. |
Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of . |
| A. | Minors |
| B. | Married women |
| C. | Senior citizens |
| D. | Govt. employees |
| E. | Rural residents |
| Answer» D. Govt. employees | |
| 2341. |
A Pledge means |
| A. | advanced against goods |
| B. | hypothecation of goods |
| C. | bailment of goods as security for payment of a debt or performance of a promise |
| D. | Open limits |
| E. | none of these |
| Answer» D. Open limits | |
| 2342. |
“Crossing‖ applies to: |
| A. | Cheques |
| B. | Bills of exchange |
| C. | Promissory Notes |
| D. | Hundis |
| E. | None of these |
| Answer» B. Bills of exchange | |
| 2343. |
The ‗monetary base for credit expansion‘ consists of ? |
| A. | The total value of ‘high-powered money’ |
| B. | The demand and time deposit liabilities |
| C. | The size of the deficit in the government’s budget |
| D. | All of the above |
| E. | None of the above |
| Answer» B. The demand and time deposit liabilities | |
| 2344. |
Banks are required to pay how much percentage of their net bank credit to Priority Sector in advance ? |
| A. | 5% |
| B. | 7% |
| C. | 10% |
| D. | 15% |
| E. | None of these |
| Answer» D. 15% | |
| 2345. |
Which one of the following rates is not decided by RBI |
| A. | Bank rate |
| B. | Base rate |
| C. | Repo rate |
| D. | Prime Lending rate |
| E. | None of these |
| Answer» E. None of these | |
| 2346. |
Under the RBI,s SDR scheme, banks canconvert their loans into equity, acquire a majority stake in the firm and bring in new promoters, Here the term SDR means |
| A. | Systematic Debt Restructuring |
| B. | Special Debt Restructuring |
| C. | Supplementary Debt Restructuring |
| D. | Strategic Debt Restructuring |
| E. | None of these |
| Answer» E. None of these | |
| 2347. |
What is the full form of CBS? |
| A. | Core Banking Solution |
| B. | Core Banking Software |
| C. | Core Banking System |
| D. | Core Banking Service |
| E. | None of these |
| Answer» B. Core Banking Software | |
| 2348. |
Sovereign Gold Bonds can be held in account. |
| A. | Current Account |
| B. | SB Account |
| C. | Term Deposits |
| D. | Demat |
| E. | None of these |
| Answer» E. None of these | |
| 2349. |
Times bank limit merged with |
| A. | HDFC bank |
| B. | Bank of India |
| C. | PNB Bank |
| D. | Central Bank of India |
| E. | None of these |
| Answer» B. Bank of India | |
| 2350. |
Where is RBI head office located? |
| A. | New Delhi |
| B. | Mumbai |
| C. | Kolkata |
| D. | Chennai |
| E. | None of these |
| Answer» C. Kolkata | |