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.
| 2351. |
In order to attract more foreign exchange the Govt of India decided to allow foreign investment in LLP firms.What is full form of ―LLP‖ as used in this reference? |
| A. | Local Labour Promotion |
| B. | Low Labour Projects |
| C. | Limited Loan Partnership |
| D. | Longer Liability Partnership |
| E. | Limited Liability Partnership |
| Answer» F. | |
| 2352. |
National bank is a subsidiary of which of the following banks? |
| A. | Bank of Baroda |
| B. | Allahabad Bank |
| C. | Bank of India |
| D. | Union Bank |
| E. | None of these |
| Answer» B. Allahabad Bank | |
| 2353. |
MICR stands for . |
| A. | Magnetic Ink Character Recognition |
| B. | Maximum Individual Cancer Risk |
| C. | Michigan Incident Crime Reporting |
| D. | Magnetic Ink Check Reader |
| E. | None of these |
| Answer» B. Maximum Individual Cancer Risk | |
| 2354. |
Department of Economic Affairs is part of which of the following Ministries? |
| A. | Ministry of Home Affairs |
| B. | Ministry of Planning |
| C. | Ministry of Finance |
| D. | Ministry of Heavy Industries & Public Enterprises |
| E. | Ministry of Rural Development |
| Answer» D. Ministry of Heavy Industries & Public Enterprises | |
| 2355. |
Currency notes issued by RBI are fully covered by: |
| A. | Approved assets, |
| B. | Gold |
| C. | Foreign exchange |
| D. | All of these |
| E. | None of the above |
| Answer» C. Foreign exchange | |
| 2356. |
NBFCs are an important part of the Indian financial system. what is meant by this term? |
| A. | New Banking Financial Companies |
| B. | Non Banking Financial Companies |
| C. | Neo Banking Financial Confederation |
| D. | Non banking Fiscal Companies |
| E. | None |
| Answer» C. Neo Banking Financial Confederation | |
| 2357. |
Which is not an Associate Bank of SBI? |
| A. | State Bank of Bikaner & Jaipur |
| B. | State Bank of Travancore |
| C. | State Bank of Mysore |
| D. | State Bank of Rajasthan |
| E. | None of the given options is true |
| Answer» E. None of the given options is true | |
| 2358. |
The one-rupee note bears the signature of . |
| A. | RBI Governor |
| B. | Deputy Governor |
| C. | Finance Secretary |
| D. | Finance Minister |
| E. | None of these |
| Answer» D. Finance Minister | |
| 2359. |
India ranked out of 118 in Global Hunger Index |
| A. | 72nd |
| B. | 97th |
| C. | 108th |
| D. | 85th |
| E. | None of these |
| Answer» C. 108th | |
| 2360. |
Who is the MD and CEO of Vijaya Bank? |
| A. | Suresh N Patel |
| B. | Kishore Kumar Sansi |
| C. | Sushil Muhnot |
| D. | Kishore Piraji Kharat |
| E. | None of these |
| Answer» C. Sushil Muhnot | |
| 2361. |
What is meant by a Scheduled Bank ? |
| A. | A Bank functioning under procision of Banking Regulation Act. 1949 |
| B. | A Bank included in 2nd schedule of RBI Act 1934 |
| C. | A Bank incorporated under Banking Companies Act. 1956 |
| D. | A Bank authorised to do Banking functions |
| E. | None of these |
| Answer» C. A Bank incorporated under Banking Companies Act. 1956 | |
| 2362. |
In India Agricultural Co-operative Banks was started at . |
| A. | 1929 |
| B. | 1950 |
| C. | 1904 |
| D. | 1980 |
| E. | 1975 |
| Answer» D. 1980 | |
| 2363. |
KYC guidelines followed by the Banks have been framed on the recommendations of the |
| A. | Ministry of Home Affairs |
| B. | Reserve Bank of India |
| C. | Indian Banks Association |
| D. | Financial Intelligence Unit |
| E. | None of these |
| Answer» C. Indian Banks Association | |
| 2364. |
To enforce law and order Government of India has many agencies. SFIO is one of them. Expand it. |
| A. | Serious Fraud Interrogation Office |
| B. | Serious Fraud Investigation Office |
| C. | Serious Feud Interrogation Office |
| D. | Serious Fraud Interrogation Ordinance |
| E. | None of these. |
| Answer» C. Serious Feud Interrogation Office | |
| 2365. |
Which of the following organisations releases "World Economic Outlook" Report ? |
| A. | Asian Development Bank |
| B. | World Bank |
| C. | International Monetary Fund |
| D. | World Trade Organisation |
| E. | None of these |
| Answer» D. World Trade Organisation | |
| 2366. |
As part of FATCA compliance, the Central Board of Direct Taxes (CBDT) has asked the banks/financial institutions to link their accounts with Aadhar number and self-certification from customers by April 30th, 2017 to avoid closure of accounts. FATCA stands for- |
| A. | Foreign Account Tax Compliance Act |
| B. | Foreign Account Tax Compliance Assistant |
| C. | Foreign Account Tenure Compliance Act |
| D. | Foreign Account Tax Companies Assembly |
| E. | Financial Account Taxable Compliance Act |
| Answer» B. Foreign Account Tax Compliance Assistant | |
| 2367. |
Credit cards are cards which are also known as |
| A. | Plastic cards |
| B. | Card money |
| C. | Plastic cards full of money |
| D. | All of the above |
| E. | None of these |
| Answer» B. Card money | |
| 2368. |
How many digits are there in Mobile Money Identifier (MMID)? |
| A. | 7 digits |
| B. | 9 digits |
| C. | 10 digits |
| D. | 11 digits |
| E. | None of the Above |
| Answer» B. 9 digits | |
| 2369. |
Which of the following banks is not nationalized in 1969 |
| A. | Central Bank of India |
| B. | Dena Bank |
| C. | Canara Bank |
| D. | Oriental Bank of Commerce |
| E. | None of these |
| Answer» E. None of these | |
| 2370. |
SLR is maintained by banks on which of the following – |
| A. | Demand and Time Deposits |
| B. | Net Demand and Time Deposits |
| C. | Demand and Time Liabilities |
| D. | Net Demand and Time Liabilities |
| E. | None of these |
| Answer» E. None of these | |
| 2371. |
NOSTRO Account is a |
| A. | Foreign Account maintaining account with any bank in India |
| B. | Any Indian bank maintaining account with a bank abroad |
| C. | Foreign Bank maintaining account with RBI |
| D. | Indian account maintaining account with RBI |
| E. | None of these |
| Answer» C. Foreign Bank maintaining account with RBI | |
| 2372. |
A transfer of money from a migrant worker to their families or other individuals in their home countries is known as |
| A. | Inward Remittance |
| B. | Foreign Remittance |
| C. | Commercial banking |
| D. | Wholesale banking |
| E. | None of these |
| Answer» C. Commercial banking | |
| 2373. |
What is a Repo Rate? |
| A. | It is a rate at which RBI sell government securities to banks |
| B. | It is a rate at which banks borrow rupees from RBI |
| C. | It is a rate at which RBI allows small loans in the market |
| D. | It is a rate which is offered by Banks to their most valued customers or prime customers |
| E. | None of these |
| Answer» C. It is a rate at which RBI allows small loans in the market | |
| 2374. |
What is the meaning of ‗I promise to pay‘ clause written on notes? |
| A. | The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions. |
| B. | The bank’s obligation to pay the value of banknote does arise out of a contract but not out of statutory provisions. |
| C. | This obligation is neither due to a contract nor a statutory provision. |
| D. | It means that to pay you the value, there is sovereign guaranty. |
| E. | None of these. |
| Answer» B. The bank’s obligation to pay the value of banknote does arise out of a contract but not out of statutory provisions. | |
| 2375. |
What do you mean by RIDF? |
| A. | Rural India development fund |
| B. | Rural Infrastructure development fund |
| C. | Rural Innovative development fund |
| D. | Rural Industrial development fund |
| E. | none of the above |
| Answer» C. Rural Innovative development fund | |
| 2376. |
is the percentage of total deposits of a bank which it has to keep with itself in the form of liquid assets |
| A. | Cash Reserve Ratio (CRR) |
| B. | Marginal Standing Facility (MSF) |
| C. | Statutory Liquidity Ratio (SLR) |
| D. | None of these |
| E. | All of these |
| Answer» D. None of these | |
| 2377. |
Cash Reserve Ratio (CRR) is to be maintained on Net Demand and Time Liabilities (NDTL). SLR is thus required to be maintained on ? |
| A. | Total Demand and Time Liabilities |
| B. | Net Demand and Time Liabilities |
| C. | Total Demand and Time Assets |
| D. | Net Demand and Time Asset |
| E. | None of the above |
| Answer» C. Total Demand and Time Assets | |
| 2378. |
An Asset Management Company is promoted for which of the following purposes? |
| A. | To manage the assets of insurance company |
| B. | To manage the funds of a mutual fund |
| C. | To manage loans taken from other banks |
| D. | To manage the assets of NBFCs |
| E. | None of these |
| Answer» C. To manage loans taken from other banks | |
| 2379. |
is the rate at which commercial bank needs to maintain in the form of cash, or gold or government approved securities (Bonds) before providing credit to its customers. |
| A. | Reverse Repo Rate |
| B. | Repo Rate |
| C. | CRR Rate |
| D. | SLR Rate |
| E. | None of these |
| Answer» E. None of these | |
| 2380. |
Banking Ombudsman Scheme is applicable to the business of |
| A. | All scheduled commercial banks excluding RRBs |
| B. | All scheduled banks except private banks |
| C. | All scheduled commercial banks including RRBs |
| D. | Only Public Sector Banks |
| E. | none of these |
| Answer» D. Only Public Sector Banks | |
| 2381. |
is an account maintained in foreign currency with an Authorised Dealer Bank. |
| A. | Exchange Earners’Foreign Currency Account |
| B. | Exchange Eligible Foreign Currency Account |
| C. | Earners’ Eligible Foreign Currency Account |
| D. | Earners’ Exchange Foreign Currency Account |
| E. | Equity Exchange Foreign Currency Account |
| Answer» B. Exchange Eligible Foreign Currency Account | |
| 2382. |
The regulator for Mutual Funds in India is? |
| A. | FIMMDA |
| B. | AMFI |
| C. | RBI |
| D. | SEBI |
| E. | None of the above |
| Answer» E. None of the above | |
| 2383. |
Which of the following is the first commercial bank to launch mutual fund? |
| A. | State Bank of India |
| B. | Canara Bank |
| C. | PNB |
| D. | Bank of India |
| E. | None of these |
| Answer» B. Canara Bank | |
| 2384. |
What does FCCB stand for? |
| A. | Foreign Currency Convertible Bond |
| B. | France Currency Convertible Bond |
| C. | Freight Currency Convertible Bond |
| D. | All of these |
| E. | None of the Above |
| Answer» B. France Currency Convertible Bond | |
| 2385. |
If a Depositor is not a Senior Citizen and his Taxable Income is within the exempted limits then he has to submit ———to the Bank for not deducting tax at source |
| A. | Form 15G |
| B. | Form 15 H |
| C. | Form 61 |
| D. | Form 60 |
| E. | None of the above |
| Answer» B. Form 15 H | |
| 2386. |
In India, the bank NABARD does not provide refinance to: |
| A. | Scheduled commercial banks |
| B. | Regional rural banks |
| C. | State land development banks |
| D. | Export-import bank |
| E. | None of these |
| Answer» E. None of these | |
| 2387. |
NABARD is responsible for regulating and supervising the functions of |
| A. | Investment and Industrial Finance Banks |
| B. | Cooperative Banks and Regional Rural Banks |
| C. | Corporate Finance and Overseas Banking Units |
| D. | Private Sector and Multinational Banks |
| E. | Reserve Bank of India |
| Answer» C. Corporate Finance and Overseas Banking Units | |
| 2388. |
Which of the followings can be used for Current Account Deficit financing? |
| A. | FII only |
| B. | FDI only |
| C. | ECB only |
| D. | Both FII and FDI only |
| E. | All FII, FDI and ECB |
| Answer» F. | |
| 2389. |
A customer wishes to purchase some US dollars in India. She/he should go to: |
| A. | Public Debt Division of the RBI only |
| B. | American Express Bank only |
| C. | RBI or any branch of a bank which is authorized for such business |
| D. | Ministry of foreign affairs |
| E. | None of these |
| Answer» D. Ministry of foreign affairs | |
| 2390. |
In which year UTI was split into UTI-I and UTI-II? |
| A. | 2001 |
| B. | 2002 |
| C. | 2003 |
| D. | 2004 |
| E. | 2005 |
| Answer» D. 2004 | |
| 2391. |
An Indian rupee denominated bond issued outside India is called |
| A. | Yankee bond |
| B. | Bulldog bond |
| C. | Uridashi bond |
| D. | Samurai bond |
| E. | Masala bond |
| Answer» F. | |
| 2392. |
Slogan of Corporation Bank ? |
| A. | A Primer Public Sector Bank |
| B. | Not Your Typical Bank |
| C. | The world's local bank |
| D. | What's in your wallet? |
| E. | None of these |
| Answer» B. Not Your Typical Bank | |
| 2393. |
The Reserve Bank of India (RBI) follows the financial year. |
| A. | Jan to Dec |
| B. | Apr to March |
| C. | July to June |
| D. | Sep to Aug |
| E. | Oct to Sep |
| Answer» D. Sep to Aug | |
| 2394. |
The maturity period of recently introduced Gold Bonds is – |
| A. | 3 years |
| B. | 5 years |
| C. | 8 years |
| D. | 12 years |
| E. | None of these |
| Answer» D. 12 years | |
| 2395. |
The Bank shall have to state their lending policies. These would include |
| A. | Exposure limits and eligible borrowers |
| B. | Documentation standards, maturity and pricing options |
| C. | Write off review procedures |
| D. | All the above |
| E. | None of these |
| Answer» E. None of these | |
| 2396. |
What does ‗L‘ stands for in term CBLO? |
| A. | Liquidity |
| B. | Lending |
| C. | Lower |
| D. | License |
| E. | None of these |
| Answer» C. Lower | |
| 2397. |
Normally banks accept fixed Deposits for a maximum period of: |
| A. | 5 years |
| B. | 7 years |
| C. | 10 years |
| D. | 20 years |
| E. | None of these |
| Answer» D. 20 years | |
| 2398. |
In banking terminology the word ―Co -obligant‖ means : |
| A. | A person who has guaranteed the account of another person(s) |
| B. | A person who has executed an indemnity bond in a bank’s favour |
| C. | A person who has assumed obligations of contract jointly with other person(s) |
| D. | A person/ business undertaking opening a documentary letter of credit |
| E. | None of these |
| Answer» D. A person/ business undertaking opening a documentary letter of credit | |
| 2399. |
Generally, what is the designation of head of public sector undertakings (PSUs) and PSU banks in India? |
| A. | President |
| B. | Chairman cum Managing Director |
| C. | Chairman |
| D. | Director General |
| E. | None of these |
| Answer» C. Chairman | |
| 2400. |
The banks included in 2nd schedule of are known as scheduled banks |
| A. | Banking Regulation Act |
| B. | Reserve Bank of India Act |
| C. | Negotiable Instrument Act |
| D. | Banking (Acquisition & Transfer of Properties)Act |
| E. | Banking Companies Act |
| Answer» C. Negotiable Instrument Act | |