MCQOPTIONS
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MCQOPTIONS
This section includes 273 Mcqs, each offering curated multiple-choice questions to sharpen your Common Topics in Competitive and Entrance exams knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
Banks keep notes/ coins in Currency Chest on Behalf of which of the following? |
| A. | Their own self |
| B. | The Central Government |
| C. | The Reserve Bank of India |
| D. | Their Head Office |
| E. | None of these |
| Answer» D. Their Head Office | |
| 52. |
RBI issue currency rupee notes on bases of . |
| A. | By holding minimum value of gold coins and bullion |
| B. | By holding minimum foreign securities as a part of the total approved assets |
| C. | By holding minimum amount of commodities which are trading in commodity exchanges |
| D. | Only a and b |
| E. | All the above |
| Answer» E. All the above | |
| 53. |
Whenever somebody needs foreign currency against 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 | |
| 54. |
has been declared the first total banking state in India, successfully implementing the total financial inclusion thereby ensuring banking facility to all households. |
| A. | Maharashtra |
| B. | Kerala |
| C. | Himachal Pradesh |
| D. | Uttarakhand |
| E. | Gujarat |
| Answer» C. Himachal Pradesh | |
| 55. |
Government of India to issue a notification body to pay interest on inoperative PF accounts |
| A. | 5.4% |
| B. | 6.5% |
| C. | 7.7% |
| D. | 8.8% |
| E. | None of these |
| Answer» E. None of these | |
| 56. |
When it comes to electronic banking which among the following are not coming under the purview of electronic banking? |
| A. | Debit cards |
| B. | credit cards |
| C. | mobile banking |
| D. | safe deposit locker |
| E. | internet banking |
| Answer» E. internet banking | |
| 57. |
The Base rate of each bank is to be reviewed after every |
| A. | Quarter |
| B. | Month |
| C. | Year |
| D. | Week |
| E. | None of these |
| Answer» B. Month | |
| 58. |
Which bank was the sponsor of Prathama Gramin Bank? |
| A. | Bank of Baroda |
| B. | Indian Bank |
| C. | Punjab National Bank |
| D. | Syndicate Bank |
| E. | None of these |
| Answer» E. None of these | |
| 59. |
A savings as well as current account should be treated as inoperative / inactive if there are no transactions in the account for over a period of years. |
| A. | 5 |
| B. | 3 |
| C. | 1 |
| D. | 2 |
| E. | 4 |
| Answer» E. 4 | |
| 60. |
New Bank of India was merged with which bank? |
| A. | Bank of Baroda |
| B. | PNB |
| C. | Central Bank of India |
| D. | SBI |
| E. | None of the given options is true |
| Answer» C. Central Bank of India | |
| 61. |
The following are main objectives of the SEBI :- |
| A. | to protect interest of investors |
| B. | to promote the development of security market |
| C. | to regulate the security market |
| D. | all of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 62. |
Interest on savings bank account is now calculated by banks on? |
| A. | Minimum balance from 7th to last day of the month |
| B. | Daily product basis |
| C. | Minimum balance from 10th to last day of the month |
| D. | Minimum balance during the month |
| E. | None of these |
| Answer» C. Minimum balance from 10th to last day of the month | |
| 63. |
Which of the following rates are reviewed by the RBI at the time of periodical review of the policy? 1). Bank 2). Repo 3). Savings bank rate |
| A. | Only 1 |
| B. | Only 2 |
| C. | Both 1 and 2 |
| D. | All the three |
| E. | None of these |
| Answer» E. None of these | |
| 64. |
Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning? |
| A. | Bombay Stock Exchange |
| B. | Delhi Stock Exchange |
| C. | Calcutta Stock Exchange |
| D. | Bangalore Stock Exchange |
| E. | None of the above |
| Answer» C. Calcutta Stock Exchange | |
| 65. |
From time to time, which among the following body publishes the exchange control Manual in context with the foreign exchange in India? |
| A. | foreign trade promotion board |
| B. | department of commerce |
| C. | reserve bank of India |
| D. | SEBI |
| E. | None of the above |
| Answer» D. SEBI | |
| 66. |
How many parties primarily involved in a Promissory Note? |
| A. | Two |
| B. | Three |
| C. | Four |
| D. | Five |
| E. | None of these |
| Answer» B. Three | |
| 67. |
Companies whose main business is not financing or lending are permitted to accept deposits under section 45(s) of RBI Act only from: |
| A. | Public |
| B. | Relatives in the from of loans |
| C. | Friends |
| D. | All of the above |
| E. | None |
| Answer» C. Friends | |
| 68. |
Reserves which can act as a liquidity buffer for commercial banks during crisis times are |
| A. | CAR |
| B. | SLR |
| C. | CAR and CRR |
| D. | CRR and SLR |
| E. | None of these |
| Answer» C. CAR and CRR | |
| 69. |
In banking parlance, NPA stands for ? |
| A. | Net Performing Asset |
| B. | Non Performing Asset |
| C. | Non-Productive Asset |
| D. | All of these |
| E. | None of the Above |
| Answer» C. Non-Productive Asset | |
| 70. |
The RBI has decided to stop circulation of the coin of which of the following denominations from June 2011 ? |
| A. | 50 p. |
| B. | Rs 1 |
| C. | Rs 2 |
| D. | 25 p. |
| E. | Rs. 5 |
| Answer» E. Rs. 5 | |
| 71. |
Electronic fund transfers like RTGS and NEFT are operated and maintained by . |
| A. | National Payments Corporation of India (NPCI) |
| B. | Bharat Bill Payment System (BBPS) |
| C. | Reserve Bank of India (RBI) |
| D. | Clearing Corporation of India Limited (CCIL) |
| E. | None of these |
| Answer» D. Clearing Corporation of India Limited (CCIL) | |
| 72. |
The Reserve Bank of India (RBI) follows the financial year. |
| A. | Jan to Dec |
| B. | Apr to March |
| C. | July to June |
| D. | Sep to Aug |
| E. | Oct to Sep |
| Answer» D. Sep to Aug | |
| 73. |
Base Rate is the rate below which no Bank can allow their lending to anyone. Who will fix this Base Rate for Banks? |
| A. | Individuals Banks Board |
| B. | Ministry of Commerce |
| C. | Ministry of Finance |
| D. | RBI |
| E. | Interest Rate Commission of India |
| Answer» B. Ministry of Commerce | |
| 74. |
Kisan Credit Card (KCC) scheme introduced in has emerged as an innovative credit delivery mechanism to meet the credit requirements of the farmers in a timely and hassle free manner. |
| A. | 1998 |
| B. | 2000 |
| C. | 2001 |
| D. | 1991 |
| E. | 2004 |
| Answer» B. 2000 | |
| 75. |
Which bank launched home loan overdraft facility 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 | |
| 76. |
Which Bank has launched IT Innovation Start-up Fund to support start-ups in the financial technology (finetech) space? |
| A. | Punjab National Bank |
| B. | Canara Bank |
| C. | State Bank of India |
| D. | Syndicate Bank |
| E. | None of these |
| Answer» D. Syndicate Bank | |
| 77. |
Which of the following is an investment strategy in which a fund invests in other types of funds? |
| A. | Bond |
| B. | Securities |
| C. | Stock |
| D. | Funds of Fund |
| E. | None of these |
| Answer» E. None of these | |
| 78. |
Now a bank can enter in the field of insurance sector. To enter in the field of insurance the minimum net worth of a bank should be |
| A. | Rs 200 Crores |
| B. | Rs 500 Crores |
| C. | Rs 100 Crores |
| D. | Rs 50 Crores |
| E. | No such requirement |
| Answer» C. Rs 100 Crores | |
| 79. |
Who is conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016 monthly publication? |
| A. | Janet Yellen |
| B. | Raghuram Rajan |
| C. | Graeme Wheeler |
| D. | Mario Draghi |
| E. | None of these |
| Answer» C. Graeme Wheeler | |
| 80. |
Initial repayment holiday given to borrower for repayment of loan is called as |
| A. | EMI |
| B. | moratorium |
| C. | Amortization |
| D. | Subvention |
| E. | None of these |
| Answer» C. Amortization | |
| 81. |
What are the facilities available to the customers through ATM |
| A. | Cash withdrawal subject to a predetermined limit per day |
| B. | Cash deposit |
| C. | Balance enquiry |
| D. | details of certain number of transactions |
| E. | all of the above |
| Answer» F. | |
| 82. |
For using the safe deposit locker facilities, bank customers pay . |
| A. | Commission of locker |
| B. | Interest on locker |
| C. | Rent on locker |
| D. | Exchange on locker |
| E. | Safe custody charges |
| Answer» D. Exchange on locker | |
| 83. |
The Kisan Credit Card Scheme is being implemented 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 | |
| 84. |
United Bank of India Limited was formed in 1950 with the amalgamation of: |
| A. | Comilla Banking Corporation Limited (1914) |
| B. | Begal Central Bank Limited (1918) |
| C. | Comilla Union Bank Limited (1922) |
| D. | Hooghly Bank Limited (1932) |
| E. | All of The Above |
| Answer» F. | |
| 85. |
In India Mutual Funds are regulated by . |
| A. | Securities and Exchange Board of India |
| B. | Reserve Bank of India |
| C. | State Bank of India |
| D. | Small Industrial Development Bank of India |
| E. | None of these |
| Answer» B. Reserve Bank of India | |
| 86. |
CICs are permitted to invest Liquid Fund Schemes (Mutual Funds) with maturity of less than days. |
| A. | 51 |
| B. | 71 |
| C. | 61 |
| D. | 91 |
| E. | 81 |
| Answer» E. 81 | |
| 87. |
The currency notes issued by Reserve Bank of India are under the signature of ? |
| A. | President of India |
| B. | Dy. Governor |
| C. | Governor |
| D. | Secretary, Finance Ministry |
| E. | None of the above |
| Answer» D. Secretary, Finance Ministry | |
| 88. |
Which of the following is a non-depository institution? |
| A. | Regional Rural Bank |
| B. | Mutual Funds |
| C. | Credits Unions |
| D. | Commercial Banks |
| E. | None of these |
| Answer» C. Credits Unions | |
| 89. |
A banking Ombudsman will not entertain Credit Cards Complaints which are more than old. |
| A. | 3 months |
| B. | 6 months |
| C. | 9 months |
| D. | 12 months |
| E. | 16 months |
| Answer» E. 16 months | |
| 90. |
The object of introducing base rate by RBI is (A) Enhancing transparency in lending rates of (B) Enabling better assessment of transmission of monetary (C) Keeping interest rates low |
| A. | A and B |
| B. | Only C |
| C. | Only B |
| D. | All of above |
| E. | None of these |
| Answer» B. Only C | |
| 91. |
Educational for All Development Index is released by - |
| A. | IMF |
| B. | World Bank |
| C. | UNO |
| D. | WTO |
| E. | Other than the given options |
| Answer» D. WTO | |
| 92. |
is basically charged when a person uses a credit card to obtain cash. |
| A. | Early Repayment Charge |
| B. | Redemption Fee |
| C. | Transaction Fee |
| D. | Cash Advance Fee |
| E. | None of these |
| Answer» E. None of these | |
| 93. |
Monetary Policy of RBI does not include ? |
| A. | Control the supply of Money |
| B. | Reduction of taxes |
| C. | Fixation of rate of interest (least in some categories) |
| D. | Fixation of Repo rate and Reverse Repo rate |
| E. | Fixation of Cash |
| Answer» C. Fixation of rate of interest (least in some categories) | |
| 94. |
Which of the following scheme is not meant for investment |
| A. | National saving certificate |
| B. | Infrastructure bonds |
| C. | Mutual funds |
| D. | Letter of credit |
| E. | None of these |
| Answer» E. None of these | |
| 95. |
Basel norms which are important regulatory stipulations are meant for which sector? |
| A. | Insurance |
| B. | Banking |
| C. | Micro finance |
| D. | Pension funds |
| E. | None |
| Answer» C. Micro finance | |
| 96. |
Which of the following organizations issue the rules of global trade? |
| A. | Foreign trade |
| B. | G-20 |
| C. | World Trade Organization |
| D. | IMF |
| E. | None of these |
| Answer» D. IMF | |
| 97. |
The banks are required to maintain certain ratio between their cash in hand and total assets. This is called |
| A. | SLR |
| B. | SBR |
| C. | CBR |
| D. | CRR |
| E. | None of these |
| Answer» E. None of these | |
| 98. |
The proposed Universal Banks shall be governed by |
| A. | Banking Regulation Act, 1949 |
| B. | Reserve Bank of India Act, 1934 |
| C. | Foreign Exchange Management Act, 1999 |
| D. | Payment and Settlement Systems Act, 2007 |
| E. | All of above Acts govern these banks. |
| Answer» F. | |
| 99. |
Which of the following organizations provides Buffer Stock Financing Facility? |
| A. | Reserve Bank of India |
| B. | Asian Development Bank |
| C. | International Monetary Fund |
| D. | World Bank |
| E. | Federal Reserve Bank |
| Answer» D. World Bank | |
| 100. |
Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements as measures of credit control are classified as :- |
| A. | quantitative methods |
| B. | qualitative methods |
| C. | weighted average method |
| D. | both 1 and 2 |
| E. | none of the above . |
| Answer» B. qualitative methods | |