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.
| 3301. |
Which of the following banks has tied up with online portal "magicbricks.com" to conduct joint marketing activities? |
| A. | ICICI Bank |
| B. | Punjab National Bank |
| C. | HDFC Bank |
| D. | State Bank of India |
| Answer» E. | |
| 3302. |
As part of its efforts to promote digital payments, the RBI has extended the period of enhanced Prepaid Payment Instruments (PPI) limit to _______. |
| A. | Rs 10000 |
| B. | Rs 15000 |
| C. | Rs 20000 |
| D. | Rs 3000 |
| Answer» D. Rs 3000 | |
| 3303. |
The ATM withdrawal limit will be increased to what amount from existing Rs 2500 from 1 January 2017. |
| A. | Rs 3000 |
| B. | Rs 3500 |
| C. | Rs 4000 |
| D. | Rs 4500 |
| Answer» E. | |
| 3304. |
How much loan amount has been approved by the World Bank for rural road projects in Bihar? |
| A. | $245 million |
| B. | $235 million |
| C. | $255 million |
| D. | $265 million |
| Answer» C. $255 million | |
| 3305. |
Aadhaar Pay cashless merchant solution was launched by which bank? |
| A. | IDFC Bank |
| B. | ICICI Bank |
| C. | HDFC Bank |
| D. | RBL Bank |
| Answer» B. ICICI Bank | |
| 3306. |
"Bank Sakhi" scheme has been launched by which grameen bank of India? |
| A. | Madhyanchal Gramin Bank (MGB) |
| B. | Narmada Jhabua Gramin Bank (NJGB) |
| C. | Prathama Bank |
| D. | Karnataka Vikas Grameen Bank (KVGB) |
| Answer» E. | |
| 3307. |
Vera Rubin, who passed away recently, was the noted astronomer of which country? |
| A. | Germany |
| B. | United Kingdom |
| C. | United States |
| D. | France |
| Answer» D. France | |
| 3308. |
"Aadhaar Pay" an aadhaar-linked cashless merchant solution has been launched by which bank? |
| A. | State Bank of India |
| B. | IDFC Bank |
| C. | ICICI Bank |
| D. | HDFC Bank |
| Answer» C. ICICI Bank | |
| 3309. |
"EazyPay" a mobile-based application for merchants has been launched by which of the following banks? |
| A. | State Bank of India |
| B. | ICICI Bank |
| C. | HDFC Bank |
| D. | Punjab National Bank |
| Answer» C. HDFC Bank | |
| 3310. |
State Bank MobiCash Mobile Wallet was launched in December 2016. State Bank of India launched MobiCash in collaboration with which telecom giant? |
| A. | Bharat Sanchar Nigam Ltd (BSNL) |
| B. | Airtel |
| C. | Reliance Jio |
| D. | Vodafone |
| Answer» B. Airtel | |
| 3311. |
"State Bank MobiCash" digital wallet has been launched by State Bank of India (SBI) in partnership with which telecom company? |
| A. | Bharti Airtel |
| B. | BSNL |
| C. | Idea Cellular |
| D. | Reliance Jio |
| Answer» C. Idea Cellular | |
| 3312. |
United Bank of India has adopted two villages, namely Patunagar and Sachindranagar in a state to implement schemes in the line of digital India program. Name the state where these two villages are located. |
| A. | Bihar |
| B. | Uttar Pradesh |
| C. | Manipur |
| D. | Tripura |
| Answer» E. | |
| 3313. |
RBI has directed all Scheduled Commercial Banks (SCBs) to upload the Know Your Customer (KYC) data pertaining to new individual accounts with Central KYC Records Registry which were opened on or after |
| A. | 1 January 2016 |
| B. | 1 April 2016 |
| C. | 9 November 2016 |
| D. | None of the above |
| Answer» B. 1 April 2016 | |
| 3314. |
Which bank was considered as the Best Bank for SME Lending by Assocham? |
| A. | Vijaya Bank |
| B. | Axis Bank |
| C. | HDFC Bank |
| D. | IDBI Bank |
| Answer» B. Axis Bank | |
| 3315. |
Co-operative Apex bank of which state has launched Mobile Banking service called SIMsePaY in collaboration with the Yes Bank Ltd. |
| A. | Madhya Pradesh |
| B. | Kerala |
| C. | Punjab |
| D. | Arunachal Pradesh |
| Answer» E. | |
| 3316. |
Which Indian bank has been adjudged the "Best Bank for SME Lending" by Assocham? |
| A. | Punjab National Bank |
| B. | State Bank of India |
| C. | Vijaya Bank |
| D. | Bank of Baroda |
| Answer» D. Bank of Baroda | |
| 3317. |
Name the Indian bank that recently launched a digital banking service known as SIMsePay. |
| A. | Canara Bank |
| B. | State Bank of India |
| C. | Axis Bank |
| D. | Yes Bank |
| Answer» E. | |
| 3318. |
What percent of tax will be levied if the declarant voluntarily declares the undisclosed income? |
| A. | 10 percent |
| B. | 25 percent |
| C. | 30 percent |
| D. | 60 percent |
| Answer» D. 60 percent | |
| 3319. |
Which bank tied up with Bajaj Finance to launch a series of co-branded credit cards for Indian customers? |
| A. | ICICI Bank |
| B. | HDFC Bank |
| C. | IDBI Bank |
| D. | RBL Bank |
| Answer» E. | |
| 3320. |
Recently, RBI reduced the monthly cash withdrawal limit from the Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts to what amount? |
| A. | Rs 4000 |
| B. | Rs 5000 |
| C. | Rs 8000 |
| D. | Rs 10000 |
| Answer» E. | |
| 3321. |
Which bank tied-up with Gujarat State Road Transport Corporation (GSRTC) to digitise payment of bus tickets for its customers? |
| A. | Dena Bank |
| B. | Bank of Baroda |
| C. | YES Bank |
| D. | State Bank of India |
| Answer» D. State Bank of India | |
| 3322. |
Name the Bank that launched contactless debit card based on Near Field Communication (NFC) technology? |
| A. | State Bank of India |
| B. | Kotak Mahindra Bank |
| C. | United Bank of India |
| D. | South Indian Bank |
| Answer» E. | |
| 3323. |
Which of the following organization recently launched India's first Payments Bank? |
| A. | Airtel Payments Bank Limited |
| B. | Aditya Birla Nuvo Limited |
| C. | Reliance Industries Limited |
| D. | Vodafone m-pesa Limited |
| Answer» B. Aditya Birla Nuvo Limited | |
| 3324. |
Name the organisation/Institution that released the 2016 edition of the Measuring the Information Society Report. |
| A. | International Telecommunication Union |
| B. | UNESCO |
| C. | World Bank |
| D. | None of the above |
| Answer» B. UNESCO | |
| 3325. |
Taking into consideration the problems being faced by small borrowers in repaying their loan dues, RBI decided to provide an additional 60 days time for repayment of loan of up to what amount? |
| A. | 5 crore rupees |
| B. | 2.5 crore rupees |
| C. | 1 crore rupees |
| D. | 50 Lakh rupees |
| Answer» D. 50 Lakh rupees | |
| 3326. |
Which Bank of India is considering introducing an 'Islamic Window'? |
| A. | The State Bank of India |
| B. | The Reserve Bank of India |
| C. | Central Bank of India |
| D. | Corporation Bank |
| Answer» C. Central Bank of India | |
| 3327. |
People can dispense cash up to 2000 rupees through debit card swipe at some selected IOCL, BPCL and HPCL petrol pumps. The initiative was launched by public sector oil companies in association with which bank? |
| A. | SBI |
| B. | Axis Bank |
| C. | HDFC |
| D. | IDBI |
| Answer» B. Axis Bank | |
| 3328. |
How much loan amount has been sanctioned by the Asian Development Bank (ADB) to build India's longest river bridge across the Ganges River? |
| A. | $450 million |
| B. | $300 million |
| C. | $500 million |
| D. | $550 million |
| Answer» D. $550 million | |
| 3329. |
Which Indian bank was the first to roll out newly issued 500 rupee notes? |
| A. | State Bank of India |
| B. | Central Bank of India |
| C. | Canara Bank |
| D. | Bank of India |
| Answer» B. Central Bank of India | |
| 3330. |
How much loan was sanctioned by the Asian Development Bank to improve Assam's power distribution system? |
| A. | 48 million US dollars |
| B. | 81 million US dollars |
| C. | 26 million US dollars |
| D. | 57 million US dollars |
| Answer» B. 81 million US dollars | |
| 3331. |
"Lakshmi" India's first banking robot has been launched which bank? |
| A. | State Bank of India |
| B. | City Union Bank |
| C. | ICICIC Bank |
| D. | Axis Bank |
| Answer» C. ICICIC Bank | |
| 3332. |
The Reserve Bank of India recently notified withdrawal of legal tender of which denominations of Bank Notes? |
| A. | 100 and 500 rupees notes |
| B. | 50 and 100 rupees notes |
| C. | 500 and 1000 rupees notes |
| D. | 50 and 1000 rupees notes |
| Answer» D. 50 and 1000 rupees notes | |
| 3333. |
Union Government recently signed loan agreement with which bank to improve Assam's Power Distribution? |
| A. | World Bank |
| B. | International Monetary Fund |
| C. | United Nations Economic and Social Council |
| D. | Asian Development Bank |
| Answer» E. | |
| 3334. |
How much loan amount has been sanctioned by the Asian Development Bank (ADB) to improve to improve Assam's power distribution system? |
| A. | $54 million |
| B. | $48 million |
| C. | $88 million |
| D. | $63 million |
| Answer» C. $88 million | |
| 3335. |
RBI recently directed all the banks to dispense more banknotes through ATMs of which denomination? |
| A. | 10 rupees notes |
| B. | 20 rupees notes |
| C. | 50 rupees notes |
| D. | 100 rupees notes |
| Answer» E. | |
| 3336. |
Which bank launched home loan overdraft facility for salaried customers? |
| A. | State Bank of India |
| B. | ICICI Bank |
| C. | Axis Bank |
| D. | HDFC Bank |
| Answer» C. Axis Bank | |
| 3337. |
Which bank has launched home loan overdraft facility for salaried customers? |
| A. | State Bank of India |
| B. | ICICI Bank |
| C. | Axis Bank |
| D. | HDFC Bank |
| Answer» C. Axis Bank | |
| 3338. |
The Central Vigilance Commission asked the public sector banks to share their reports relating to all loan frauds involving funds over what amount? |
| A. | 25 lakh rupees |
| B. | 50 lakh rupees |
| C. | One crore rupees |
| D. | Two crore rupees |
| Answer» D. Two crore rupees | |
| 3339. |
How much amount startups can raise via External Commercial Borrowings (ECBs) annually, as per new norms of Reserve Bank of India (RBI)? |
| A. | $ 4 million |
| B. | $ 3 million |
| C. | $ 2 million |
| D. | $ 5 million |
| Answer» C. $ 2 million | |
| 3340. |
MCLR Stands for: |
| A. | Maximum cost of funds based lending rate |
| B. | Marginal cost of funds based lending rate |
| C. | Minimum cost of funds based lending rate |
| D. | Material cost of funds based lending rate |
| E. | None of the above |
| Answer» C. Minimum cost of funds based lending rate | |
| 3341. |
Consider the following statements:1. In terms of short-term credit delivery to the agriculture sector, District Central Cooperative Banks (DCCBs) deliver more credit in comparison to Scheduled Commercial Banks and Regional Rural Banks.2. One of the most important functions of DCCBs is to provide funds to the Primary Agricultural Credit Societies.Which of the statements given above is/are correct? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» C. Both 1 and 2 | |
| 3342. |
In the context of international banking transactions what is the full form of SWIFT? |
| A. | Society for Worldwide Interbank Financial Telecommunication |
| B. | Society for Wireless International Financial Transactions |
| C. | Society for Worldwide International Financial Telecommunication |
| D. | Society for Worldwide International Financial Transactions |
| Answer» B. Society for Wireless International Financial Transactions | |
| 3343. |
In Indian banking, what are the full forms of OTP and KYC? |
| A. | One-Time Password, Know Your Credentials |
| B. | One-Time Payment, Know Your Credentials |
| C. | One-Time Process, Know Your Customer |
| D. | One-Time Password, Know Your Customer |
| Answer» E. | |
| 3344. |
In Marketing, DSA stands for ______. |
| A. | Delivery Staff Agency |
| B. | Direct Supplier Agent |
| C. | Direct Selling Agent |
| D. | Distribution and Supply Agency |
| Answer» D. Distribution and Supply Agency | |
| 3345. |
MICR Code is used to ease the processing and clearance of cheques and other documents. Expand “MICR”. |
| A. | Magnetic Indian Character Recognition |
| B. | Management Ink Character Recognition |
| C. | Magnetic Ink Common Recognition |
| D. | Magnetic Ink Character Resource |
| E. | Magnetic Ink Character Recognition |
| Answer» F. | |
| 3346. |
In banking parlance, the full form of ADF is __________. |
| A. | All Day Finance |
| B. | Automated Digital Flow |
| C. | Actual Data Flow |
| D. | Automated Data Flow |
| Answer» E. | |
| 3347. |
In the context of the banking system in India, what does IFSC stand for? |
| A. | Indian Financial Social Code |
| B. | Indian Financial Structural Code |
| C. | Indian Functional System Calculation |
| D. | Indian Financial System Code |
| Answer» E. | |
| 3348. |
In banking, the full form of RTGS is |
| A. | Rapid Transfer Gross Scheme |
| B. | Rapid Transfer Gross Settlement |
| C. | Real Time Gross Settlement |
| D. | Real Time Gross Scheme |
| Answer» D. Real Time Gross Scheme | |
| 3349. |
In the context of accounting, the term IFRS stands for |
| A. | International Financial Reporting Standards |
| B. | Indian Financial Reporting Standards |
| C. | Indian Financial Reporting System |
| D. | International Financial Reporting System |
| Answer» B. Indian Financial Reporting Standards | |
| 3350. |
In the context of internet what is the full form of ftp ? |
| A. | formatted transfer process |
| B. | formal texting process |
| C. | file transmission procedure |
| D. | file transfer protocol |
| Answer» E. | |