MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Each Regional Rural Bank is managed by ? |
| A. | Board of Directors |
| B. | Reserve Bank |
| C. | Sponsoring commercial bank |
| D. | None of the above |
| E. | None of these |
| Answer» B. Reserve Bank | |
| 2. |
A bond issued at a price less than its face value and payable on its due date at its face value bearing no ROI (Rate of Interest) is called . |
| A. | Preference Bond |
| B. | Zero Coupon Bond |
| C. | Convertible Bond |
| D. | Perpetual Bond |
| E. | Sovereign Bond |
| Answer» C. Convertible Bond | |
| 3. |
Which report is published by World Bank every year? |
| A. | human development report |
| B. | world development report |
| C. | international finance and development report |
| D. | world trade development report |
| E. | None of these |
| Answer» C. international finance and development report | |
| 4. |
India has emerged as the world s largest startup base, according to a new report by Nasscom |
| A. | Fifth |
| B. | Seventh |
| C. | First |
| D. | Third |
| E. | None of these |
| Answer» E. None of these | |
| 5. |
Open Money Market is a place for selling and buying of financial instrument by . |
| A. | All financial institutions |
| B. | Only by Commercial Banks |
| C. | Only by Common Banks |
| D. | Indian Government |
| E. | None of the above |
| Answer» B. Only by Commercial Banks | |
| 6. |
Distribution of insurance products and insurance policies by banks as corporate agents is known as? |
| A. | General insurance |
| B. | Non life insurance |
| C. | Bancassurance |
| D. | Insurance Banking |
| E. | Deposit Insurance |
| Answer» D. Insurance Banking | |
| 7. |
CRISIL has been promoted by and ? |
| A. | ICICI, UTI |
| B. | IDBI, SBI |
| C. | AXIS, UTI |
| D. | PNB, SBI |
| E. | None of these |
| Answer» B. IDBI, SBI | |
| 8. |
Asset Reconstruction Company is associated with..........? |
| A. | DICGC |
| B. | ECGC |
| C. | NPA |
| D. | SEBI |
| E. | None of the above |
| Answer» D. SEBI | |
| 9. |
Birr is the name of currency of which of the following countries? |
| A. | Eritrea |
| B. | Haiti |
| C. | Ethiopia |
| D. | Latvia |
| E. | Romania |
| Answer» D. Latvia | |
| 10. |
What is the money, which was accepted temporary in lieu of gold? |
| A. | Plastic Money |
| B. | Commodity Money |
| C. | Currency Money |
| D. | Fiat Money |
| E. | None of these |
| Answer» E. None of these | |
| 11. |
Which of the following is NOT required for opening a bank account? |
| A. | Identity Proof |
| B. | Address Proof |
| C. | Recent Photographs |
| D. | Domicile Certificate |
| E. | None of these |
| Answer» E. None of these | |
| 12. |
The main function of an Asset Management Company is to: |
| A. | manage the securities of various schemes |
| B. | manage the funds by making investments in various types of securities |
| C. | manage property for the benefit of the unit holders |
| D. | All the above |
| E. | None of these. |
| Answer» C. manage property for the benefit of the unit holders | |
| 13. |
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. | |
| 14. |
Which of the following is also known as policy rate? |
| A. | Bank rate |
| B. | Repo rate |
| C. | Base rate |
| D. | CRR |
| E. | None of these |
| Answer» E. None of these | |
| 15. |
Which of the following bank has launched mVisa a mobile-based payments solution? |
| A. | HSBC Bank |
| B. | ICICI Bank |
| C. | SBI |
| D. | Canara Bank |
| E. | Yes Bank |
| Answer» D. Canara Bank | |
| 16. |
Which of the following is NOT a KYC requirement while opening a bank account? |
| A. | A proof of identity |
| B. | A proof of address |
| C. | A proof of income |
| D. | A recent photograph |
| E. | None of these |
| Answer» D. A recent photograph | |
| 17. |
What does S stand for in the abbreviation MSF ? |
| A. | Standing |
| B. | Status |
| C. | Still |
| D. | State |
| E. | None of the above |
| Answer» B. Status | |
| 18. |
In banking terminology bad loans refer to ---- --------------. |
| A. | Bad debts |
| B. | Non performing assets |
| C. | underwritting assests |
| D. | Fictitious assests |
| E. | None of these |
| Answer» C. underwritting assests | |
| 19. |
In banking terminology the word Co - obligant means : |
| A. | A person who has guaranteed the account of another person(s) |
| B. | A person who has executed an indemnity bond in a bank s favour |
| C. | A person who has assumed obligations of contract jointly with other person(s) |
| D. | A person/ business undertaking opening a documentary letter of credit |
| E. | None of these |
| Answer» D. A person/ business undertaking opening a documentary letter of credit | |
| 20. |
On which one of the following issues IMF has supported monetary policy of India? |
| A. | Introduction of GST. |
| B. | Stimulus for agriculture sector |
| C. | Concessions for foreign investment |
| D. | Tightening of monetary policy |
| E. | None of these |
| Answer» E. None of these | |
| 21. |
Among the banks in our country, which of the following is not a foreign bank? |
| A. | HSBC |
| B. | Standard Chartered Bank |
| C. | BNP Paribas |
| D. | Citi Bank Na |
| E. | Ing Vysya Bank |
| Answer» F. | |
| 22. |
Under which of the following methods of depreciation, amount of depreciation varies every year? |
| A. | Written Down Value Method |
| B. | Straight Line Method |
| C. | Amount of depreciation does not very on year to year basis |
| D. | All of the above |
| E. | None of the above |
| Answer» B. Straight Line Method | |
| 23. |
Entry Load is a term associated with which of the following? |
| A. | Mortgage |
| B. | Reinsurance |
| C. | Startups |
| D. | Mutual Funds |
| E. | Shipping |
| Answer» E. Shipping | |
| 24. |
Hypothecation is applicable in the case of ? |
| A. | Movable goods |
| B. | Immovable property |
| C. | Book debts |
| D. | Corporate guarantee |
| E. | None of the above |
| Answer» B. Immovable property | |
| 25. |
An ECS transaction gets bounced and you are 1862. Money deposited at a bank that cannot withdrawn for at fixed period of time is known as a : |
| A. | Term deposit |
| B. | Checking Account |
| C. | Saving Bank deposit |
| D. | No Frills Accounts |
| E. | Current deposit |
| Answer» B. Checking Account | |
| 26. |
Rise in inflation rate leads to decline in ? |
| A. | Interest rate |
| B. | Raise in the deposits in the banks |
| C. | Decrease the real interest rate |
| D. | Raise the credit growth by banks |
| E. | None of the above |
| Answer» D. Raise the credit growth by banks | |
| 27. |
Usually, the validity period of an Income Tax Refund Order is? |
| A. | 1 months |
| B. | 2 months |
| C. | 3 months |
| D. | 6 months |
| E. | None of the above |
| Answer» D. 6 months | |
| 28. |
The Commission charged by a broker is ? |
| A. | Brokerage Interest |
| B. | Brokerage Fee |
| C. | Brokerage Profit |
| D. | Brokerage rate |
| E. | None of these |
| Answer» C. Brokerage Profit | |
| 29. |
In which of the following States there is no Regional Rural Bank? |
| A. | Karnataka |
| B. | Goa |
| C. | Uttarakhand |
| D. | Himachal Pradesh |
| E. | Punjab |
| Answer» C. Uttarakhand | |
| 30. |
Which of the following groups suffer the most from inflation |
| A. | Debtors |
| B. | Creditors |
| C. | Business class |
| D. | Holders of real assets |
| E. | None of these |
| Answer» C. Business class | |
| 31. |
'The termination of an insurance policy due to non-payment of premium' is technically known as: |
| A. | Lapse |
| B. | Death |
| C. | Forfeiture |
| D. | Seize |
| E. | None of these |
| Answer» D. Seize | |
| 32. |
What is the expanded form of ECS as used in banking sector? |
| A. | Effective Clearing System |
| B. | Electronic Confirmation System |
| C. | Electronic Clearing Service |
| D. | Enabled Clearing System |
| E. | None of these |
| Answer» D. Enabled Clearing System | |
| 33. |
Which among the following sectors contributes 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 | |
| 34. |
Which of the following can be called as National Income ? |
| A. | Net National Income at factor cost |
| B. | Gross National Income at factor cost |
| C. | Net Domestic Product at factor cost |
| D. | Gross Domestic Product at factor cost |
| E. | None of these |
| Answer» B. Gross National Income at factor cost | |
| 35. |
The tax levied by Local Governments i.e. Municipal Corporations and municipalities is . |
| A. | Income Tax |
| B. | Wealth Tax |
| C. | House Tax |
| D. | Gift Tax |
| E. | None of these |
| Answer» D. Gift Tax | |
| 36. |
The inflation led by rising food prices caused by increased demand for agricultural commodities is called |
| A. | Hyperinflation |
| B. | Stagflation |
| C. | Agflation |
| D. | Deflation |
| E. | None of these |
| Answer» D. Deflation | |
| 37. |
Lack of access to financial services is technically known as |
| A. | Financial Instability |
| B. | Financial Stability |
| C. | Financial Inclusion |
| D. | Financial Exclusion |
| E. | Poverty |
| Answer» E. Poverty | |
| 38. |
When a bank returns a cheque unpaid, it is called |
| A. | talking of the cheque |
| B. | payment of the cheque |
| C. | drawing of the cheque |
| D. | dishonour of the cheque |
| E. | None of these |
| Answer» E. None of these | |
| 39. |
Which of the following is the least liquid asset ? |
| A. | Money |
| B. | Shares |
| C. | Machinery |
| D. | Special deposits |
| E. | None of these |
| Answer» D. Special deposits | |
| 40. |
Expand the term LIBOR as used in financial banking sectors? |
| A. | Local Indian Bank Offered Rate |
| B. | London-India Bureau Of Regulations |
| C. | Liberal International Bank Official Ratio |
| D. | London Inter Bank Offered Rate |
| E. | None of these |
| Answer» E. None of these | |
| 41. |
National Institute of Bank Management (NIBM) is located at..? |
| A. | Mumbai |
| B. | Hyderabad |
| C. | Pune |
| D. | Kolkata |
| E. | New Delhi |
| Answer» D. Kolkata | |
| 42. |
The Bank that begins with U is the tagline of |
| A. | Union Bank of India |
| B. | UCO Bank |
| C. | United Bank of India |
| D. | Central Bank of India |
| E. | None of these |
| Answer» D. Central Bank of India | |
| 43. |
Which of the following is an easy way of providing 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 | |
| 44. |
Current accounts are meant and useful for ? |
| A. | Investment purposes |
| B. | Identity purposes |
| C. | Savings purposes |
| D. | Day-to-day business needs |
| E. | Operational convenience |
| Answer» E. Operational convenience | |
| 45. |
Experience our expertise is the tagline of . |
| A. | Kotak Mahindra Bank |
| B. | HDFC Bank |
| C. | Yes Bank |
| D. | Citi Union Bank |
| E. | None of these |
| Answer» D. Citi Union Bank | |
| 46. |
is the percentage of total deposits of a bank which it has to keep with itself in the form of liquid assets. |
| A. | Statutory Liquidity Ratio (SLR) |
| B. | Cash Reserve Ratio (CRR) |
| C. | Statutory Reserve Ratio |
| D. | Cash Ratio |
| E. | None of these |
| Answer» B. Cash Reserve Ratio (CRR) | |
| 47. |
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 | |
| 48. |
is the percentage of total deposits of a bank which it has to keep with itself in the form of liquid assets. |
| A. | Statutory Liquidity Ratio (SLR) |
| B. | Cash Reserve Ratio (CRR) |
| C. | Statutory Reserve Ratio |
| D. | Cash Ratio |
| E. | None of these |
| Answer» B. Cash Reserve Ratio (CRR) | |
| 49. |
is a way of transferring personal remittances from abroad to beneficiaries in India |
| A. | RDA |
| B. | MTSS |
| C. | Both (A) and (B) |
| D. | All of the Above |
| E. | None of the Above |
| Answer» C. Both (A) and (B) | |
| 50. |
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 | |