MCQOPTIONS
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MCQOPTIONS
This section includes 269 Mcqs, each offering curated multiple-choice questions to sharpen your Indian Economy knowledge and support exam preparation. Choose a topic below to get started.
| 201. |
Which one of the following statements is correct regarding increase in the |
| A. | It increase credit creation |
| B. | It reduces credit creation |
| C. | It does not affect credit |
| D. | It denotes liberal monetary policy |
| Answer» C. It does not affect credit | |
| 202. |
Green Banking |
| A. | Development of forestry by banks |
| B. | Financing of environmental - friendly projects by banks |
| C. | Financing of irrigation projects by banks |
| D. | None of the above |
| Answer» C. Financing of irrigation projects by banks | |
| 203. |
Which of the following banks is a |
| A. | ICICI Bank |
| B. | Yes Bank |
| C. | Saraswat Co-operative Bank |
| D. | Reserve Bank of India |
| Answer» E. | |
| 204. |
Which of the following organisations/banks ha done a commendable work in the field of |
| A. | Grameen Bank of Bangladesh |
| B. | CRY |
| C. | ASHA |
| D. | NABARD |
| Answer» B. CRY | |
| 205. |
Who central the activities of |
| A. | Lead Bank |
| B. | Regional Rural Bank |
| C. | Reserve Bank of India |
| D. | None of these |
| Answer» E. | |
| 206. |
The interest rate at which the |
| A. | Interest rate |
| B. | Repo rate |
| C. | Bank rate |
| D. | Reverse repo rate |
| Answer» C. Bank rate | |
| 207. |
Which bank was earlier called the |
| A. | RBI |
| B. | SBI |
| C. | UBI |
| D. | PNB |
| Answer» C. UBI | |
| 208. |
Bad loans |
| A. | Prime Loans |
| B. | Prime Asset |
| C. | BPOs |
| D. | NPSs |
| Answer» E. | |
| 209. |
Know Your Customer (KYC) |
| A. | Banking companies Act |
| B. | Prevention of money Laundering Act |
| C. | Reserve Ban of India Act |
| D. | Companies Act |
| Answer» C. Reserve Ban of India Act | |
| 210. |
Central Co-operative Banks |
| A. | District level |
| B. | State level |
| C. | National level |
| D. | Block level |
| Answer» B. State level | |
| 211. |
Banks have started opening |
| A. | Weaker section of society |
| B. | High value customer |
| C. | Students |
| D. | Loan-seekers who were not able to repay their loans take earlier |
| Answer» D. Loan-seekers who were not able to repay their loans take earlier | |
| 212. |
Match List-I (Organisation) with List-II (Year of Foundation) correctly and select your answer using the code given below |
| A. | A. |
| B. | B. |
| C. | C. |
| D. | D. |
| Answer» B. B. | |
| 213. |
When was the first |
| A. | 1974 |
| B. | 1975 |
| C. | 1976 |
| D. | 1977 |
| Answer» C. 1976 | |
| 214. |
Before opening a new branch of a bank, banks are required to take mandatory permission/license from.......... |
| A. | Reserve Bank of India |
| B. | Indian Bank Association |
| C. | Securities and Exchange Board of India |
| D. | State Government |
| Answer» B. Indian Bank Association | |
| 215. |
Which among the following is an asset for a |
| A. | Credit to farmers |
| B. | Deposit of public |
| C. | Borrowing from RBI |
| D. | Demand deposits of Industries |
| Answer» D. Demand deposits of Industries | |
| 216. |
Which amongst the following organisations make major credit policies for the |
| A. | NABARD |
| B. | Asian Development Bank |
| C. | World Bank |
| D. | State Bank of India |
| Answer» B. Asian Development Bank | |
| 217. |
Various banks in the country have installed |
| A. | Coin Dispensing Machines |
| B. | ATMs |
| C. | Debit Card Machines |
| D. | Ledger-Machines |
| Answer» C. Debit Card Machines | |
| 218. |
Regional |
| A. | 1 and 3 |
| B. | 1, 2 and 3 |
| C. | 1 and 2 |
| D. | 2 and 3 |
| Answer» C. 1 and 2 | |
| 219. |
What are |
| A. | Activities of SEBI-registered brokers |
| B. | Selling of currency by the RBI |
| C. | Selling of gilt-edged securities by the Government |
| D. | Sale of shares by FIIs |
| Answer» D. Sale of shares by FIIs | |
| 220. |
Reserve Bank of India was |
| A. | 1947 |
| B. | 1948 |
| C. | 1949 |
| D. | 1951 |
| Answer» D. 1951 | |
| 221. |
Which of the following terms indicates a mechanism used by |
| A. | Cash Credit Ratio |
| B. | Debt Service Obligation |
| C. | Liquidity Adjustment Facility |
| D. | Statutory Liquidity Ratio |
| Answer» E. | |
| 222. |
Which of following States Achieved |
| A. | Delhi |
| B. | Maharashtra |
| C. | Kerala |
| D. | Karnataka |
| Answer» E. | |
| 223. |
Which of the following organisations has the privilege of issuing |
| A. | State Bank of India |
| B. | Reserve Bank of India |
| C. | All Nationalised Banks |
| D. | New Note Printing Press in India |
| Answer» C. All Nationalised Banks | |
| 224. |
Which of the following policies/agreements/accords is closely associated with the reform in Banking Industry? |
| A. | Doha Accord |
| B. | Basel Accord |
| C. | Look East Policy |
| D. | Geneva Fremework |
| Answer» C. Look East Policy | |
| 225. |
India has different categories of |
| A. | Nationalised Banks |
| B. | Co-operative Banks |
| C. | Private Banks |
| D. | Commodity Banks |
| Answer» E. | |
| 226. |
Micro Credit |
| A. | Only 1 |
| B. | Only 2 |
| C. | Only 1 and 2 |
| D. | All 1, 2 and 3 |
| Answer» D. All 1, 2 and 3 | |
| 227. |
Government of India, for the first time nationalised |
| A. | 1956 |
| B. | 1959 |
| C. | 1969 |
| D. | 1971 |
| Answer» D. 1971 | |
| 228. |
Rate of interest |
| A. | The rate of return on the capital invested |
| B. | Central Government |
| C. | Liquidity Prefernce |
| D. | Commercial Banks |
| Answer» E. | |
| 229. |
If you visit the bank of a bank you will normally |
| A. | cash |
| B. | credit |
| C. | customer care |
| D. | housekeeping |
| Answer» E. | |
| 230. |
'Interest is the reward for abstinence'. |
| A. | Keynes |
| B. | Marshall |
| C. | Malthus |
| D. | David Ricardo |
| Answer» C. Malthus | |
| 231. |
Which of the following types of accounts are known as |
| A. | Accounts which are Zero Balance Accounts |
| B. | Accounts which are opened to facilitate repayment of a loan taken from the bank No other business can be conducted from there |
| C. | Accounts in which shares of various companies are traded in electronic form |
| D. | Accounts which are operated through internet banking facility |
| Answer» D. Accounts which are operated through internet banking facility | |
| 232. |
Quantitative credit |
| A. | open market operations |
| B. | back rate |
| C. | cash reserve ration |
| D. | RBI directives |
| Answer» E. | |
| 233. |
Which bank became the |
| A. | IDBI Bank |
| B. | HDFC Bank |
| C. | State Bank of India |
| D. | Punjab National Bank |
| Answer» D. Punjab National Bank | |
| 234. |
Which of the following is considered an |
| A. | Internet Banking |
| B. | Branch Visits |
| C. | Telebanking |
| D. | Going to Money lenders |
| Answer» E. | |
| 235. |
Reverse Repo Rate |
| A. | Injecting liquidity by the Central Bank of a country through purchase of Government Securities |
| B. | Absorption of liquidity from the market by sale of Government Securities |
| C. | Balancing liquidity with a view to enhance economic growth rate |
| D. | Improving the position o availability of the securities in the market |
| Answer» C. Balancing liquidity with a view to enhance economic growth rate | |
| 236. |
Consider the following statements for |
| A. | 1 and 2 only |
| B. | 1 and 3 only |
| C. | 1, 2 and 3 |
| D. | 1 only |
| Answer» B. 1 and 3 only | |
| 237. |
Which of the following correctly describes what |
| A. | Lending to the people who can not return to loan |
| B. | lending to the people who are high-valued customers o the banks |
| C. | Landing to those who are not a regular customer of a bank |
| D. | Both b and c |
| Answer» D. Both b and c | |
| 238. |
With reference to the institution of |
| A. | The Banking Ombudsman is appointed by the Reserve Bank of India |
| B. | The Banking Ombudsman can consider complaints from Not-Resident Indians having accounts in India |
| C. | The service provided by the Banking Ombudsman is free of any fee |
| D. | The orders passed by the Banking Ombudsman are final and binding on the parties concerned |
| Answer» E. | |
| 239. |
Which authority supervises the functioning of |
| A. | POUCE |
| B. | CBI |
| C. | SBI |
| D. | RBI |
| Answer» E. | |
| 240. |
A Bank / Financial Organisation these days relies heavily on |
| A. | Preventive |
| B. | Compliance |
| C. | Corrective |
| D. | Detective |
| Answer» B. Compliance | |
| 241. |
When the Reserve Bank of India announces an increase of the |
| A. | The Commercial banks will has been money to lend |
| B. | The Reserve Bank of India will have less money to lend |
| C. | The Union Government will have less money to lend |
| D. | The commercial banks will have move money to lend |
| Answer» B. The Reserve Bank of India will have less money to lend | |
| 242. |
Open market operations, one of the measures taken by |
| A. | Sale or purchase of Government Securities |
| B. | Issuance of different types of bonds |
| C. | Auction of gold |
| D. | To make available direct finance to borrowers |
| Answer» B. Issuance of different types of bonds | |
| 243. |
Many a time we come across a term in banking sector |
| A. | only to individual customers in an integrated manner |
| B. | entirely to agriculture sector only |
| C. | only to Self-Help Group for their survival |
| D. | only to big corporates and business houses |
| Answer» B. entirely to agriculture sector only | |
| 244. |
Many a time we read in newspaper about the benefits of |
| A. | Only 1 is correct |
| B. | Only 2 is correct |
| C. | Only 3 is correct |
| D. | Both 1 and 2 are correct |
| Answer» E. | |
| 245. |
Your friend gets 10,000 from grand parent. He/she wants to invest in a bank in such away he/she need not withdraw the amount partly or wholly for two years. What kind of account should he/she open in a bank? |
| A. | Small Saving Account |
| B. | Current Account |
| C. | Term Deposit Account |
| D. | Demat Account |
| Answer» D. Demat Account | |
| 246. |
Consider the following statements with regard to |
| A. | 1, 2 and 3 |
| B. | 1 and 3 only |
| C. | 2 and 3 only |
| D. | 2 only |
| Answer» D. 2 only | |
| 247. |
Which of the following is the name of the |
| A. | Bank for the poor |
| B. | Swadeshi Bank |
| C. | Rashtriya Bank |
| D. | Grameen Bank |
| Answer» E. | |
| 248. |
As per RBI directives, which of the following functions can |
| A. | Opening and closing of accounts |
| B. | Cash collections from the parties |
| C. | Recovery of bad loand |
| D. | Credit cards and Debit cards |
| Answer» B. Cash collections from the parties | |
| 249. |
Consider the Following statements segarding Reserve Bank of India |
| A. | 1 and 2 |
| B. | 3 and 4 |
| C. | 2, 3 and 4 |
| D. | 1, 2, 3, and 4 |
| Answer» B. 3 and 4 | |
| 250. |
Banking is a ......... activity |
| A. | Primary |
| B. | Secondary |
| C. | Tertiary |
| D. | None of the above |
| Answer» D. None of the above | |