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.
| 3351. |
An indirect instrument of monetary policy is _____. |
| A. | Bank Rate |
| B. | Repo Rate |
| C. | Open Market Operation |
| D. | None of these |
| Answer» D. None of these | |
| 3352. |
PCA stands for |
| A. | Public Current Account |
| B. | Principles of Corporate Accounting |
| C. | Prompt Corrective Action |
| D. | Public Channel Agency |
| Answer» D. Public Channel Agency | |
| 3353. |
NEFT operates in how many batches in a day? |
| A. | Hourly basis |
| B. | Half Hourly Basis |
| C. | Two Hourly Basis |
| D. | Quarterly basis |
| E. | None of these. |
| Answer» C. Two Hourly Basis | |
| 3354. |
LIME is a mobile platform application of which bank that provides Wallet, Shopping, Payments & Banking services? |
| A. | YES Bank |
| B. | Axis Bank |
| C. | HDFC Bank |
| D. | ICICI Bank |
| Answer» C. HDFC Bank | |
| 3355. |
In the context of banking sector of India, what is the full form of IMPS? |
| A. | Instant Payment Sector |
| B. | Immediate Payment Service |
| C. | Immediate Payment Sector |
| D. | Instant Payment Service |
| Answer» C. Immediate Payment Sector | |
| 3356. |
'Basal Age' is related to the measurement of |
| A. | Personality |
| B. | Attitude |
| C. | Intelligence |
| D. | Aptitude |
| Answer» D. Aptitude | |
| 3357. |
DakPay is a digital payment service, it aims to transform Banking Experience at the last mile, it is launched by which of the following bank? |
| A. | ICICI Bank |
| B. | Canara Bank |
| C. | IndusInd Bank |
| D. | India Post Payments Bank |
| E. | None of the above |
| Answer» E. None of the above | |
| 3358. |
In Indian banking, what are RTGS and IFSC? |
| A. | Remittance To Guided Settlement, Internal Financial System Call |
| B. | Remittance To Guided Settlement, International Financial System Call |
| C. | Real Time Gross Settlement, Indian Financial System Code |
| D. | Real Time Guided System, International Financial System Code |
| Answer» D. Real Time Guided System, International Financial System Code | |
| 3359. |
IFSC is the short term of |
| A. | International Financial System Code |
| B. | Indian Financial System Code |
| C. | Inter-bank Financial System Code |
| D. | Inter-bank Functional System Code |
| Answer» C. Inter-bank Financial System Code | |
| 3360. |
Badhti ka naam zindagi' is the tagline of which of the following banks? |
| A. | Indian |
| B. | Corporation |
| C. | Syndicate |
| D. | Axis |
| Answer» E. | |
| 3361. |
NEFT is the system in which the transactions received up to a particular time are processed in batches. What does NEFT stand for? |
| A. | National Economic Funds Transaction |
| B. | National Electronic Funds Transfer |
| C. | National Electronic Funds Transaction |
| D. | National Economic Financial Transfers |
| Answer» C. National Electronic Funds Transaction | |
| 3362. |
Literal meaning of 'Lokpal' is ____________. |
| A. | Caretaker of the people |
| B. | Execution of public services |
| C. | Looking after the Weaker section of society |
| D. | Motivate civilians |
| Answer» B. Execution of public services | |
| 3363. |
Find the odd one out in relation to using ATM and net-banking facilities.A. Don't share your ATM card.B. Don't share your PIN.C. Don't change your PIN at regular intervals.D. Don't share your login ID and password. |
| A. | D |
| B. | A |
| C. | C |
| D. | B |
| Answer» D. B | |
| 3364. |
A joint project or partnership formation with profit/loss contribution implications that is used in Islamic finance as an alternative of interest-bearing loans is |
| A. | ijarah |
| B. | musharika |
| C. | murabah |
| D. | hibah |
| Answer» C. murabah | |
| 3365. |
Sukuk is Arabic name stand for |
| A. | financial liabilities |
| B. | financial certificates |
| C. | financial assets |
| D. | financial loans |
| Answer» C. financial assets | |
| 3366. |
Adjustments were furthermore made in Banking Companies Ordinance |
| A. | 1965 |
| B. | 1962 |
| C. | 1969 |
| D. | 1963 |
| Answer» C. 1969 | |
| 3367. |
Phrase that is not related to books of Fiqh is |
| A. | shirkah |
| B. | ijarah |
| C. | musharika |
| D. | sharing |
| Answer» D. sharing | |
| 3368. |
Islamic banking structure is based on |
| A. | risk sharing |
| B. | interest sharing |
| C. | a & b |
| D. | premium sharing |
| Answer» B. interest sharing | |
| 3369. |
Mainly ideal financing arrangement and holding higher command Shariah compliance is |
| A. | Pakistan |
| B. | salam |
| C. | musawamah |
| D. | hibah |
| Answer» C. musawamah | |
| 3370. |
An Ordinance was propagates to permit establishment of |
| A. | mudaraba companies |
| B. | musharika companies |
| C. | murabah companies |
| D. | all of answers are correct |
| Answer» B. musharika companies | |
| 3371. |
A method where payments are prepared in phases to aid stage wise progress in Manufacturing / processing / building works is |
| A. | Istisna |
| B. | ijarah wa iqtna |
| C. | takaful |
| D. | wadiah |
| Answer» B. ijarah wa iqtna | |
| 3372. |
A type of partnership where one party offer funds while other gives expertise and management is |
| A. | murabaha |
| B. | musharika |
| C. | ijarah |
| D. | mudarabah |
| Answer» E. | |
| 3373. |
Prevention of a risk free return and authorization of trading, as enshrined in Verse |
| A. | 2:278 of Holy Quran |
| B. | 2:276 of Holy Quran |
| C. | 2:275 of Holy Quran |
| D. | 2:273 of Holy Quran |
| Answer» D. 2:273 of Holy Quran | |
| 3374. |
Losses are shared by each partner in ratio to their |
| A. | work |
| B. | profit |
| C. | loss |
| D. | capital |
| Answer» E. | |
| 3375. |
Proportion of profit for all partners must be determined in ratio to the |
| A. | actual profit |
| B. | remaining profit |
| C. | prescribed profit |
| D. | extra profit |
| Answer» B. remaining profit | |
| 3376. |
Factually it means a credit sale is |
| A. | bai muajjal |
| B. | mudarabah |
| C. | ijarah |
| D. | murabaha |
| Answer» B. mudarabah | |
| 3377. |
Which is liability side financing out of these means |
| A. | large enterprise financing |
| B. | t-bills and federal investment bonds / debenture |
| C. | inter- bank lending / borrowing |
| D. | b & c |
| Answer» E. | |
| 3378. |
A pioneering attempt, in Shariah compliant investments banking was undertaken in 1963 in |
| A. | Oman |
| B. | Saudia Arabia |
| C. | Egypt |
| D. | Pakistan |
| Answer» D. Pakistan | |
| 3379. |
Shirkat-ul-wujooh has its origin in Arabic phrase Wajahat meaning |
| A. | reputation |
| B. | goodwill |
| C. | liabilities |
| D. | assets |
| Answer» C. liabilities | |
| 3380. |
A key concern for Muslims states and recently Islamic banks are |
| A. | loans |
| B. | advances |
| C. | microfinance |
| D. | premium |
| Answer» D. premium | |
| 3381. |
It is authorized that if a partner is not working, his profit share can be recognized as less than his capital share is fundamental law of musharika |
| A. | distribution of loss |
| B. | distribution of profit |
| C. | distribution of interest |
| D. | b & c |
| Answer» C. distribution of interest | |
| 3382. |
Profit is based on accord of parties, but loss is all time issue to proportion of |
| A. | capital |
| B. | investment |
| C. | work |
| D. | a & b |
| Answer» E. | |
| 3383. |
Literally it means a trade on mutually settled profit is |
| A. | murabaha |
| B. | ijarah |
| C. | musawamah |
| D. | ijarah wa iqtna |
| Answer» B. ijarah | |
| 3384. |
Musharika permits every party involved in a trade to distribute in profits and |
| A. | interest |
| B. | premium |
| C. | loss |
| D. | gharar |
| Answer» D. gharar | |
| 3385. |
Sharikah is chief term than |
| A. | ijarah |
| B. | murabaha |
| C. | musharika |
| D. | shirkat-ul-ainan |
| Answer» D. shirkat-ul-ainan | |
| 3386. |
A coupon given willingly by a debtor in return for a credit is |
| A. | bound |
| B. | hibah |
| C. | gift |
| D. | b & c |
| Answer» E. | |
| 3387. |
Giving share of investor to customer on lease is the |
| A. | basis of musharika |
| B. | basis of diminishing musharika |
| C. | basis of ijarah |
| D. | basis of hibah |
| Answer» C. basis of ijarah | |
| 3388. |
Must be sound & mature and be competent of entering into an agreement is |
| A. | pros of musharika |
| B. | basic rules and features of musharika |
| C. | cons of musharika |
| D. | musharika |
| Answer» C. cons of musharika | |
| 3389. |
Whose outcomes are concealed is gharar describes by |
| A. | hanafi school |
| B. | hanbali school |
| C. | zahiri school |
| D. | shafi school |
| Answer» B. hanbali school | |
| 3390. |
Banks are dealing a large number of commodities and services and facing a strong competition to attract |
| A. | potential buyers |
| B. | potential customers |
| C. | potential employees |
| D. | potential sellers |
| Answer» C. potential employees | |
| 3391. |
Word Musharika is originated from Arabic word Sharikah meaning |
| A. | friends |
| B. | ijarah |
| C. | lessor |
| D. | partnership |
| Answer» E. | |
| 3392. |
This happens when a person hires a representative to carry out transactions on his/her behalf, like to a |
| A. | wadiah |
| B. | power of attorney |
| C. | wakalah |
| D. | b & c |
| Answer» E. | |
| 3393. |
Investments given by all partners/shareholders known to as |
| A. | partners |
| B. | ijarah |
| C. | murabah |
| D. | takaful |
| Answer» B. ijarah | |
| 3394. |
Working capital financing in Musharika is |
| A. | liability side financing |
| B. | asset side financing |
| C. | assets |
| D. | liabilities |
| Answer» C. assets | |
| 3395. |
How much etc in Musharika is related to |
| A. | quantified |
| B. | maloom |
| C. | specified |
| D. | a & b |
| Answer» E. | |
| 3396. |
Quran forbids |
| A. | gambling |
| B. | interest sharing |
| C. | gharar |
| D. | all of answers are correct |
| Answer» E. | |
| 3397. |
Products of first type may be given to Musharika in capital while second kind of products cannot be a part of capital observation of |
| A. | Imam Maliki |
| B. | Imam Hanafi |
| C. | Imam Shafi |
| D. | Imam Hanabli |
| Answer» D. Imam Hanabli | |
| 3398. |
Combination of capital is not compulsory is |
| A. | basic rules of capital in musharika |
| B. | basic rules of capital in ijarah |
| C. | basic rules of capital |
| D. | basic rules of capital in lease |
| Answer» B. basic rules of capital in ijarah | |
| 3399. |
To generate joint possession in assets is |
| A. | shirkat |
| B. | shirkat-al-aqd |
| C. | shirkat-al-milk |
| D. | musharika |
| Answer» D. musharika | |
| 3400. |
First Islamic bank was recognized in |
| A. | Pakistan |
| B. | Oman |
| C. | Malaysia |
| D. | Qatar |
| Answer» D. Qatar | |