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.
| 2451. |
Bureau of Indian Standards (BIS) has its headquarters in |
| A. | Mumbai |
| B. | Kolkata |
| C. | Bhubaneswar |
| D. | New Delhi |
| E. | None of these |
| Answer» E. None of these | |
| 2452. |
One of the major challenges banking industry is facing these days is curbing deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following act is passed to prevent this activity? |
| A. | Payment & settlements Act |
| B. | Control money supply Act |
| C. | Narcotics and Psychotropic substance Act |
| D. | Prevention of Money laundering Act |
| E. | None |
| Answer» E. None | |
| 2453. |
What does the M in M-banking stands for? |
| A. | money |
| B. | marginal |
| C. | message |
| D. | mutual fund |
| E. | mobile |
| Answer» F. | |
| 2454. |
are the beneficiaries of the―Reverse Mortgage Scheme‖. |
| A. | Government employees |
| B. | Senior citizens |
| C. | Unemployed persons |
| D. | Persons of BPL category |
| E. | None of the above |
| Answer» C. Unemployed persons | |
| 2455. |
BSBDA, stands for: |
| A. | Basic Savings Bank Dual Account |
| B. | Base Savings Bank Deposit Account |
| C. | Basic Savings Bank Deposit Application |
| D. | Basic Savings Bank Deposit Account |
| E. | None of these |
| Answer» E. None of these | |
| 2456. |
Deposits under NRE/FCNB accounts are linked to- |
| A. | Base Rate |
| B. | SIBOR |
| C. | LIBOR |
| D. | All of the above |
| E. | None of these |
| Answer» D. All of the above | |
| 2457. |
Group of people such as workers who pool their money together for savings and to make loan is called a/an |
| A. | Public Union |
| B. | Credit Union |
| C. | Labour Union |
| D. | Cooperative Union |
| E. | None of these |
| Answer» C. Labour Union | |
| 2458. |
Under which of the following methods of note-issue the RBI issues notes? |
| A. | Fixed Fiduciary System |
| B. | Maximum Fiduciary System |
| C. | Minimum Reserve System |
| D. | Proportional Reserve System |
| E. | None of the Above |
| Answer» D. Proportional Reserve System | |
| 2459. |
Under which act does RBI issue directives to banks? |
| A. | PMLA Act, 2002 |
| B. | RBI Act, 1934 |
| C. | DICGC Act, 1961 |
| D. | Banking Regulation Act, 1949 |
| E. | None of these |
| Answer» E. None of these | |
| 2460. |
Which private sector bank is recently mergedwith Kotak Mahindra Bank (KMB)? |
| A. | ING Vysya Bank |
| B. | Karur Vysya Bank |
| C. | Lakshmi Vilas Bank |
| D. | Jammu and Kashmir Bank |
| E. | None of these |
| Answer» B. Karur Vysya Bank | |
| 2461. |
‗Trusted Family Bank‘ – is the tagline of – |
| A. | Dena Bank |
| B. | Corporation Bank |
| C. | Central Bank of India |
| D. | Oriental Bank of Commerce |
| E. | None of these |
| Answer» B. Corporation Bank | |
| 2462. |
Capital Market Regulator is— |
| A. | RBI |
| B. | IRDA |
| C. | NSE |
| D. | BSE |
| E. | SEBI |
| Answer» F. | |
| 2463. |
Which of the following is an easy way ofproviding credit to the farmer community? |
| A. | Kisan credit card |
| B. | Indira vikas patra |
| C. | National saving certificates |
| D. | Loan against gold |
| E. | None of these |
| Answer» B. Indira vikas patra | |
| 2464. |
The rate at which banks borrows from the RBI is called? |
| A. | SLR |
| B. | Repo Rate |
| C. | Reserve repo rate |
| D. | Bank rate |
| E. | None of these |
| Answer» C. Reserve repo rate | |
| 2465. |
An unbanked customer can initiate IMPS transaction using the services of . |
| A. | PPI |
| B. | PCI |
| C. | PFI |
| D. | PDI |
| E. | None of the Above |
| Answer» B. PCI | |
| 2466. |
Those amounts due to vendors or suppliersthat must be paid within one year is known as: |
| A. | Loan Advances |
| B. | Accounts Payable |
| C. | Creditors |
| D. | Debtors |
| E. | None of These |
| Answer» C. Creditors | |
| 2467. |
Which of the following rates signals the RBI‘s long-term outlook on interest rates? |
| A. | Repo Rate(RR) |
| B. | Reverse Repo Rate (RRR) |
| C. | Bank Rate (BR) |
| D. | Statutory Liquidity Ratio (SLR) |
| E. | Cash Reserve Ratio (CRR) |
| Answer» D. Statutory Liquidity Ratio (SLR) | |
| 2468. |
Whenever somebody needs foreign currencyagainst Indian Rupee, banks give equivalent amount of desired currency based on prevalent |
| A. | bank rate |
| B. | currency rate |
| C. | policy rate |
| D. | exchange rate |
| E. | base rate |
| Answer» E. base rate | |
| 2469. |
United Bank of India was established on December 18 |
| A. | 1942 |
| B. | 1945 |
| C. | 1950 |
| D. | 1960 |
| E. | None of these |
| Answer» D. 1960 | |
| 2470. |
Certificate of Deposits can be issued for a maximum period of ? |
| A. | 30 days |
| B. | 90 days |
| C. | 180 days |
| D. | 365 days |
| E. | None of these |
| Answer» E. None of these | |
| 2471. |
is a deposit of money that has a fixed time and pays higher interest than a SB Account. |
| A. | Fixed Deposit Account |
| B. | Savings Bank Account |
| C. | Recurring Account |
| D. | Current Account |
| E. | None of these |
| Answer» B. Savings Bank Account | |
| 2472. |
Money laundering is related to ---------------------------- |
| A. | To reduce the number of families which lives below poverty line |
| B. | To reduce the NPA of Banks |
| C. | To reduce the Black Money |
| D. | To reduce the umemployment rate. |
| E. | None of these |
| Answer» D. To reduce the umemployment rate. | |
| 2473. |
Where is the headquarter of Federal Bank? |
| A. | Kochi |
| B. | Mumbai |
| C. | New Delhi |
| D. | Bangaluru |
| E. | None of these |
| Answer» B. Mumbai | |
| 2474. |
HDFC Bank has announced its UPI will alsobe available on Chillr, a multi-bank mobile payments app. What is the meaning of "I" in UPI? |
| A. | Instant |
| B. | International |
| C. | Initial |
| D. | Interface |
| E. | None of the above |
| Answer» E. None of the above | |
| 2475. |
Who is the Managing Director and CEO of IndianBank? |
| A. | Ravi Shanker Pandey |
| B. | Arun Shrivastava |
| C. | Mallikarjun Rao |
| D. | Upendra Ananth Pai |
| E. | Kishor Kharat |
| Answer» F. | |
| 2476. |
Among the banks in our country, which of thefollowing is not a foreign bank? |
| A. | HSBC |
| B. | Standard Chartered Bank |
| C. | BNP Paribas |
| D. | Citi Bank Na |
| E. | Ing Vysya Bank |
| Answer» F. | |
| 2477. |
CRISIL is a . |
| A. | Mutual Fund |
| B. | Credit Rating Agency |
| C. | Investment Bank |
| D. | Share Depository |
| E. | None of the above |
| Answer» C. Investment Bank | |
| 2478. |
Which of the following remains at the top oforganizational structure of RBI? |
| A. | Governor |
| B. | Executive directors |
| C. | Central board of directors |
| D. | Chief general manager |
| E. | Principal chief general manager |
| Answer» D. Chief general manager | |
| 2479. |
Which of the following terms NOT used in the field of Banking & Finance? |
| A. | Overdraft |
| B. | Base Line |
| C. | RTGS |
| D. | GBC |
| E. | None of the above |
| Answer» E. None of the above | |
| 2480. |
What is the name of technology given to therecently introduced computerised clearance of cheques: |
| A. | Automatic clearance |
| B. | MICR |
| C. | Speedline System |
| D. | Special clearning |
| E. | None of the above |
| Answer» C. Speedline System | |
| 2481. |
Which among the following is richest country in the world: |
| A. | United State of America |
| B. | Japan |
| C. | Germany |
| D. | South Korea |
| E. | Qatar |
| Answer» F. | |
| 2482. |
Which one of the following is a private bank? |
| A. | Allahabad bank |
| B. | Punjab and Sind bank |
| C. | Punjab National Bank |
| D. | Punjab Bank |
| E. | None of these |
| Answer» E. None of these | |
| 2483. |
Which of the following bodies regulates the Regional Rural Banks? |
| A. | RBI |
| B. | NABARD |
| C. | Department of Rural Development |
| D. | State Government |
| E. | SIDBI |
| Answer» C. Department of Rural Development | |
| 2484. |
―Support all the way‖ is the tagline of |
| A. | HDFC Bank |
| B. | Citi Union Bank |
| C. | Dhanlaxmi Bank |
| D. | Catholic Syrian Bank |
| E. | None of these |
| Answer» E. None of these | |
| 2485. |
The Bank for International Settlements (BIS)which provides the Banking supervision accords is located in which country |
| A. | England |
| B. | USA |
| C. | France |
| D. | Switzerland |
| E. | None |
| Answer» E. None | |
| 2486. |
Which bank has recently started ―Tab Banking‖ service? |
| A. | SBI |
| B. | HDFC |
| C. | PNB |
| D. | UBI |
| E. | ICICI |
| Answer» B. HDFC | |
| 2487. |
The head office of the National bank for agriculture and rural development (NABARD) is located in? |
| A. | New Delhi |
| B. | Hyderabad |
| C. | Mumbai |
| D. | Lucknow |
| E. | None of these |
| Answer» D. Lucknow | |
| 2488. |
Banks in our country normally publicize thatadditional 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 | |
| 2489. |
What is the current rate of CRR? |
| A. | 4% |
| B. | 5% |
| C. | 3% |
| D. | 4.5% |
| E. | None of these |
| Answer» B. 5% | |
| 2490. |
When Repo rate is reduced by RBI, it leads to |
| A. | reduction of cost to borrowers on loans from banks |
| B. | increase in cost of loans to borrowers from banks |
| C. | reduction in cost of borrowing by banks from RBI |
| D. | increase in cost of borrowing by banks from RBI |
| E. | None of these |
| Answer» D. increase in cost of borrowing by banks from RBI | |
| 2491. |
Insurance cover for bank deposits in our country is provided by. |
| A. | SBI |
| B. | Govt. of India |
| C. | GIC |
| D. | UCI |
| E. | DICGC |
| Answer» F. | |
| 2492. |
Which bank launched home loan overdraftfacility for salaried customers? |
| A. | State bank of India |
| B. | ICICI bank |
| C. | Axis Bank |
| D. | HDFC Bank |
| E. | None of these |
| Answer» C. Axis Bank | |
| 2493. |
The Kisan Credit Card Scheme is beingimplemented by all |
| A. | Public Sector Commercial Banks |
| B. | Regional Rural Banks |
| C. | State Cooperative Banks/DCCBs/PACS and Scheduled Primary Cooperative Banks |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 2494. |
In India, currency notes are issued by? |
| A. | Finance Ministry |
| B. | Financial Secretary |
| C. | State Bank of India |
| D. | Reserve Bank of India |
| E. | None of these |
| Answer» E. None of these | |
| 2495. |
In India, National income is estimated by ? |
| A. | Planning Commission |
| B. | Indian Statistical Institute |
| C. | Central Statistical Office |
| D. | National Sample Survey Organisation |
| E. | None of these |
| Answer» D. National Sample Survey Organisation | |
| 2496. |
Base rate is the rate below which no bank can allow their lending to anyone. Who sets-up ‗Base rate‘ for banks? |
| A. | Individual Banks’ Board |
| B. | Ministry of Commerce |
| C. | Ministry of Finance |
| D. | RBI |
| E. | Interest Rate Commission of India |
| Answer» E. Interest Rate Commission of India | |
| 2497. |
―Sensitive Index‖ of Bombay Stock Exchange is called |
| A. | Forex |
| B. | MAX |
| C. | LIBOR |
| D. | Sensex |
| E. | None of the above |
| Answer» E. None of the above | |
| 2498. |
The inflation led by rising food prices caused by increased demand foragricultural commodities is called – |
| A. | Hyperinflation |
| B. | Stagflation |
| C. | Agflation |
| D. | Deflation |
| E. | None of these |
| Answer» D. Deflation | |
| 2499. |
Which is the first Committee that gave its recommendations relating to Mechanization of Banking System? |
| A. | Saraf Committee |
| B. | Rangarajan Committee |
| C. | Kishore Committee |
| D. | Narsimhan Committee |
| E. | None of these |
| Answer» C. Kishore Committee | |
| 2500. |
What is the most powerful tool used by the Reserve Bank of India to control inflation? |
| A. | Raise interest rates |
| B. | Raise current supply |
| C. | Reduce current supply |
| D. | Reduce interest rates |
| E. | None of these |
| Answer» B. Raise current supply | |