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.
| 2401. |
The term ―capitalisation of reserves‖ is used to denote? |
| A. | the use of reserves for the acquisition of additional capital |
| B. | the use of reserves for paying-off loans raised for building up fixed assets |
| C. | the use of reserves for issuing bonus shares to the existing shareholders |
| D. | the use of reserves for the replacement of depreciated assets |
| E. | None of these |
| Answer» D. the use of reserves for the replacement of depreciated assets | |
| 2402. |
A savings as well as current account should be treated as inoperative / inactive if there are no transactions in the account for over a period of years. |
| A. | 5 |
| B. | 3 |
| C. | 1 |
| D. | 2 |
| E. | 4 |
| Answer» E. 4 | |
| 2403. |
Part of company‘s earning or profit which is paid out to share holders is known as |
| A. | Premium |
| B. | Dividend |
| C. | Bonus |
| D. | Sum Assured |
| E. | Return |
| Answer» C. Bonus | |
| 2404. |
Which of the following is/are used in the loan approval processes? |
| A. | Credit Information Report (CIR) |
| B. | CIBIL TransUnion Score |
| C. | Both(a) and (b) |
| D. | STRIPS |
| E. | None of these |
| Answer» D. STRIPS | |
| 2405. |
Which of the following maintains the RIDF (Rural Infrastructure Development Fund) ? |
| A. | RBI |
| B. | IDBI |
| C. | SIDBI |
| D. | NABARD |
| E. | None of these |
| Answer» E. None of these | |
| 2406. |
Name the mobile app started by SBI to stop the debit card details whereby the customer can activate or deactivate its debit card by just sending an SMS? |
| A. | SBI Debit |
| B. | SBI SMS |
| C. | SBI Quick |
| D. | SBI Flip |
| E. | SBI Deact |
| Answer» D. SBI Flip | |
| 2407. |
Euro money is the official currency of - |
| A. | NATO |
| B. | UN |
| C. | European Union |
| D. | Germany and England |
| E. | None of these |
| Answer» D. Germany and England | |
| 2408. |
Which of the following is a public sector bank? |
| A. | Andhra Bank |
| B. | Federal Bank |
| C. | ICICI Bank |
| D. | HDFC |
| E. | None of these |
| Answer» B. Federal Bank | |
| 2409. |
Fixed deposits and recurring deposits are . |
| A. | repayable after an agreed period |
| B. | repayable on demand |
| C. | not repayable |
| D. | repayable after death of depositors |
| E. | repayable on demand or after an agreed period as per banker's choice |
| Answer» F. | |
| 2410. |
The banks get benefited most from which of the following entity ? |
| A. | Fee of services |
| B. | Loans |
| C. | Securities |
| D. | Saving Account |
| E. | None of these |
| Answer» C. Securities | |
| 2411. |
A demand draft issued by one bank branch on another branch is legally— |
| A. | Cheque |
| B. | Promissory note |
| C. | Delivery order |
| D. | Supply bill |
| E. | None of these |
| Answer» C. Delivery order | |
| 2412. |
The term SMART MONEY refers to: |
| A. | Traveller's Cheque |
| B. | Internet Banking |
| C. | Credit Cards |
| D. | All of the above |
| E. | None of These |
| Answer» D. All of the above | |
| 2413. |
The headquarters of Industrial Finance Corporation of India(IFCI) |
| A. | Mumbai |
| B. | New Delhi |
| C. | Chennai |
| D. | Hyderabad |
| E. | None of these |
| Answer» C. Chennai | |
| 2414. |
The Kisan Credit Card Scheme is being implemented by all |
| A. | Public Sector Commercial Banks |
| B. | Regional Rural Banks |
| C. | State Cooperative Banks/DCCBs/PACS nad Scheduled Primary Cooperative Banks |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 2415. |
NAMA word is related to which organisation? |
| A. | World Trade Organisation |
| B. | UNCTAD |
| C. | International Monetary Fund |
| D. | World Bank |
| E. | None of these |
| Answer» B. UNCTAD | |
| 2416. |
Which of the following is a non-depositoryinstitution? |
| A. | Regional Rural Bank |
| B. | Mutual Funds |
| C. | Credits Unions |
| D. | Commercial Banks |
| E. | None of these |
| Answer» C. Credits Unions | |
| 2417. |
Escrow account is useful/helpful to- |
| A. | importers |
| B. | exporters |
| C. | people |
| D. | Assets |
| E. | Other than the given options |
| Answer» C. people | |
| 2418. |
Which of the following state shows the fastest growth in expanding Micro Finance business in the country? |
| A. | Gujarat |
| B. | Andhra Pradesh |
| C. | Maharashtra |
| D. | Karnataka |
| E. | None of the above |
| Answer» C. Maharashtra | |
| 2419. |
is a voluntary market body for the bond, money and derivatives markets. |
| A. | RBI |
| B. | SEBI |
| C. | IRDAI |
| D. | FIMMDA |
| E. | None of the above |
| Answer» E. None of the above | |
| 2420. |
Educational for All Development Index isreleased by - |
| A. | IMF |
| B. | World Bank |
| C. | UNO |
| D. | WTO |
| E. | Other than the given options |
| Answer» D. WTO | |
| 2421. |
The nature of convertibility of the Indian Economy is . |
| A. | Convertibility at capital account |
| B. | Convertibility at trade account |
| C. | Free Convertible |
| D. | Convertibility at current account |
| E. | None of these |
| Answer» E. None of these | |
| 2422. |
The logo of Bank of Baroda is known as— |
| A. | Sun of Bank of Baroda |
| B. | Baroda Sun |
| C. | Bank of Baroda’s Rays |
| D. | Sunlight of Bank of Baroda |
| E. | None of these |
| Answer» C. Bank of Baroda’s Rays | |
| 2423. |
What does EXIM Bank stand for? |
| A. | Extra Import Bank of India |
| B. | Export Import Bank of India |
| C. | Export Information Bank of India |
| D. | Export Import Bank of Intelligence |
| E. | None of These |
| Answer» D. Export Import Bank of Intelligence | |
| 2424. |
Expand the term FRBM |
| A. | Financial Responsibility and Business Management |
| B. | Fiscal Responsibility and Business Management |
| C. | Financial Responsibility and Budget Management |
| D. | Fiscal Responsibility and Budget Management |
| E. | Formal Responsibility and Business Management |
| Answer» E. Formal Responsibility and Business Management | |
| 2425. |
Which bank has become the first private sectorbank to sell Indian gold coins? |
| A. | Dhanlaxmi Bank |
| B. | Federal Bank |
| C. | ICICI Bank |
| D. | IndusInd Bank |
| E. | Karur Vysya Bank |
| Answer» C. ICICI Bank | |
| 2426. |
Some bank are financing projects like―Construction Roads/Bridges Etc. |
| A. | Developing Core Sector Industry |
| B. | Project Management |
| C. | Infrastructure Development |
| D. | Financial Inclusion |
| E. | All of these |
| Answer» D. Financial Inclusion | |
| 2427. |
What is the maximum amount for which the Award Can be given by OMBUDSMAN |
| A. | Rs 1,00,000 |
| B. | Rs 2,00,000 |
| C. | Rs 5,00,000 |
| D. | Rs 10,00,000 |
| E. | No limit |
| Answer» E. No limit | |
| 2428. |
National Insurance Academy located in . |
| A. | Chennai |
| B. | Calcutta |
| C. | Pune |
| D. | Hyderabad |
| E. | None of these |
| Answer» D. Hyderabad | |
| 2429. |
Which among the following sectorscontributes most to the saving in India? |
| A. | Banking and financial sector |
| B. | Private corporate sector |
| C. | Export sector |
| D. | Household sector |
| E. | None of these |
| Answer» E. None of these | |
| 2430. |
Lack of access to financial services istechnically known as |
| A. | Financial Instability |
| B. | Financial Stability |
| C. | Financial Inclusion |
| D. | Financial Exclusion |
| E. | Poverty |
| Answer» E. Poverty | |
| 2431. |
A Co-Operative Bank operating in different States is regulated by ? |
| A. | State Co-Operative Societies Act |
| B. | Banking Regulation Act |
| C. | Multi Unit Co-Operative Societies Act |
| D. | Banking Laws (applicable to Co-Operative Societies) |
| E. | None of the above |
| Answer» D. Banking Laws (applicable to Co-Operative Societies) | |
| 2432. |
An account is considered dormant when there is no transaction through it for more than |
| A. | 12 months |
| B. | 6 months |
| C. | 18 months |
| D. | 24 months |
| E. | None of these |
| Answer» E. None of these | |
| 2433. |
A depositor can deposit his funds any number of times he likes and can also withdraw the same any number of times he wishes |
| A. | Savings bank |
| B. | current account |
| C. | recurring deposit |
| D. | both (a) and (b) |
| E. | none of the above |
| Answer» E. none of the above | |
| 2434. |
Deficit financing can (these are also demerits of it) |
| A. | Cause inflation |
| B. | Bring rise in fiscal deficit |
| C. | Bring rise in credit creation in banks |
| D. | All above |
| E. | None of the above |
| Answer» E. None of the above | |
| 2435. |
If a bank is not able to recover its loan and advances it is called |
| A. | Market Risk |
| B. | Distribution Risk |
| C. | Operational Risk |
| D. | Capital Risk |
| E. | None of these |
| Answer» B. Distribution Risk | |
| 2436. |
CPI refers to: |
| A. | Cost Price Index |
| B. | Consumer Price Index |
| C. | Current Price Index |
| D. | Consumer Price interface |
| E. | None of these |
| Answer» C. Current Price Index | |
| 2437. |
Which of the following organizations was specially established to operate in Gramin areas by design itself? |
| A. | Commercial Banks |
| B. | Central Financial Institutes |
| C. | Private Banks |
| D. | Regional Rural Banks |
| E. | None of these |
| Answer» E. None of these | |
| 2438. |
Consider these statements:-Statement I – RBI decides volume and value of banknotes to be Statement II – RBI decides volume and value coins to be minted. |
| A. | Both are true. |
| B. | Both are false. |
| C. | Statement I is true, but statement II is false. |
| D. | Statement I is false, whereas II is true. |
| E. | None of these |
| Answer» D. Statement I is false, whereas II is true. | |
| 2439. |
―CAMEL model‖ is used by ? |
| A. | Bankers to evaluated a credit proposal |
| B. | Bankers to manage their risks |
| C. | RBI inspectors to evaluate banks functions |
| D. | Merchant Bankers to evaluate portfolio investment |
| E. | None of the above |
| Answer» D. Merchant Bankers to evaluate portfolio investment | |
| 2440. |
From time – to – time, which among thefollowing body publishes the ―exchange control Manual‖ in context with the foreign exchange in India? |
| A. | foreign trade promotion board |
| B. | department of commerce |
| C. | reserve bank of India |
| D. | SEBI |
| E. | None of the above |
| Answer» D. SEBI | |
| 2441. |
In Notice Money Market, the tenor of the transactions is from |
| A. | 2-7 days |
| B. | 2-14 days |
| C. | 2-21 days |
| D. | 2-28 days |
| E. | None of these |
| Answer» C. 2-21 days | |
| 2442. |
The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act as present is not applicable to |
| A. | Public sector banks |
| B. | Private banks |
| C. | Non- banking financial companies |
| D. | Financial institutes of the government |
| E. | None of these |
| Answer» D. Financial institutes of the government | |
| 2443. |
What is the full form of the term OBU? |
| A. | Other backward units |
| B. | Overseas banking units |
| C. | Off-shore banking units |
| D. | Off-shore business units |
| E. | None of these |
| Answer» D. Off-shore business units | |
| 2444. |
What is R in FERA? |
| A. | Rural |
| B. | Restricted |
| C. | Refinance |
| D. | Regulation |
| E. | Regulatory |
| Answer» E. Regulatory | |
| 2445. |
When it comes to the following term namely- IPO, what do you mean by ―P‖? |
| A. | Provisions |
| B. | Public |
| C. | Private |
| D. | Prudent |
| E. | Pension |
| Answer» C. Private | |
| 2446. |
In India Mutual Funds are regulated by . |
| A. | Securities and Exchange Board of India |
| B. | Reserve Bank of India |
| C. | State Bank of India |
| D. | Small Industrial Development Bank of India |
| E. | None of these |
| Answer» B. Reserve Bank of India | |
| 2447. |
The Reserve Bank of India does NOT decide the |
| A. | Rate of Repo and Reserve Repo |
| B. | Marginal standing Facility Rates |
| C. | Bank Rate |
| D. | Rate of Dearness Allowance for Government Employees |
| E. | Statutory Liquidity Ratio |
| Answer» E. Statutory Liquidity Ratio | |
| 2448. |
Which of the following agencies maintain RIDF (Rural Infrastructure development Fund) ? |
| A. | Ministry of Rural Development |
| B. | Reserve Bank of India |
| C. | NABARD |
| D. | SIDBI |
| E. | None of these |
| Answer» D. SIDBI | |
| 2449. |
What is the full form of PPP? |
| A. | Personal Private Power |
| B. | Primary Power Parity |
| C. | Personal Private Parity |
| D. | Purchasing Power Parity |
| E. | None of these |
| Answer» E. None of these | |
| 2450. |
The Lead Bank Scheme was introduced on the basis of recommendations of ? |
| A. | Reserve Bank |
| B. | NABARD |
| C. | Study group appointed by National Credit Council under the chairmanship of Prof. D. R. Gadgil |
| D. | SIDBI |
| E. | None of the above |
| Answer» D. SIDBI | |