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.
| 101. |
First state cooperative bank to have its own RuPay ATM cum Debit Card is ? |
| A. | HP |
| B. | Bihar |
| C. | AP |
| D. | Rajasthan |
| E. | None of these |
| Answer» B. Bihar | |
| 102. |
Which of the following bank launches India s first Mobile ATM? |
| A. | HDFC Bank |
| B. | Axis Bank |
| C. | ICICI Bank |
| D. | SBI |
| E. | None of These |
| Answer» D. SBI | |
| 103. |
Which was the first bank to set up talking ATM in India? |
| A. | State Bank of India |
| B. | Punjab National Bank |
| C. | Union Bank OF India |
| D. | Axis Bank |
| E. | None of these |
| Answer» D. Axis Bank | |
| 104. |
YES Bank recently deferred its $1-bn equity raising plan. The bank was panning to raise money through QIP, which means |
| A. | Quantitative Institutional Placement |
| B. | Qualitative Institutional Placement |
| C. | Quintessential Institutional Placement |
| D. | Qualified Institutional Placement |
| E. | None of these |
| Answer» E. None of these | |
| 105. |
Many a times Government raises additional resources through taxation & allocation of expenditure as per its requirements. It is known as . |
| A. | Credit Policy |
| B. | Fiscal Policy |
| C. | Monetary Policy |
| D. | Taxation Policy |
| E. | None of these |
| Answer» C. Monetary Policy | |
| 106. |
is the duty applied by a government to control the exports of an article of trade, so that the article of trade can be used by the local markets rather than in foreign countries. |
| A. | Customs duty |
| B. | Excise duty |
| C. | Anti-dumping duty |
| D. | Dumping duty |
| E. | None of these |
| Answer» B. Excise duty | |
| 107. |
Which of the following is the first commercial bank ? |
| A. | State bank of India |
| B. | Oudh Commercial Bank |
| C. | Union Bank of India |
| D. | Indian Bank |
| E. | None of the above |
| Answer» C. Union Bank of India | |
| 108. |
Who can open various types of non-resident accounts? |
| A. | Persons of Indian Nationality or person of Indian origin residing outside India |
| B. | Persons of foreign nationality or origin residing outside India |
| C. | Firms, companies and other organization resident outside India |
| D. | all |
| E. | none |
| Answer» E. none | |
| 109. |
Which bank has deployed humanoid/mobile robot named IRA (Intelligent Robotic Assistant) in one of its branch to help branch staff in servicing customers? |
| A. | HDFC Bank |
| B. | ICICI Bank |
| C. | Yes Bank |
| D. | IDFC Bank |
| E. | None of these |
| Answer» B. ICICI Bank | |
| 110. |
Providing banking services to a customer without his entrance inside the bank s branch is called as: |
| A. | Virtual banking |
| B. | Relationship banking |
| C. | Universal banking |
| D. | Mobile banking |
| E. | None of these |
| Answer» B. Relationship banking | |
| 111. |
Domestic Systematically Important Banks (D- SIBs) is announced with the term . |
| A. | Too big to fail |
| B. | Too big to fall |
| C. | Too big to pass |
| D. | Too big to die |
| E. | Too big to stop working |
| Answer» B. Too big to fall | |
| 112. |
Which was the first bank to introduce credit card in India? |
| A. | Canara Bank |
| B. | Central Bank of India |
| C. | Bank of Baroda |
| D. | ICICI Bank |
| E. | None of these |
| Answer» C. Bank of Baroda | |
| 113. |
At Present, What is the maximum amount that a payment bank can accept from a depositer? |
| A. | Rs.5 lakhs |
| B. | Rs.1 lakh |
| C. | Rs.2 lakhs |
| D. | Rs.75000 |
| E. | None of these |
| Answer» C. Rs.2 lakhs | |
| 114. |
Which of the following is an investment advisory discipline? |
| A. | Corporate Industrial Finance |
| B. | Offshare Banking |
| C. | Wholesale Banking |
| D. | Wealth Management |
| E. | Trade Finance |
| Answer» E. Trade Finance | |
| 115. |
Systematically Important Core Investment Company(CIC-ND-SI)/ CICs can not accept . |
| A. | Public Fund |
| B. | Deposit |
| C. | Public Deposit |
| D. | Both (B) and (C) |
| E. | None of these |
| Answer» E. None of these | |
| 116. |
What do well can an arrangement whereby an issuing bank at the request of the importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents? |
| A. | bill of exchange |
| B. | letter of exchange |
| C. | letter of credit |
| D. | bill of country |
| E. | None of these |
| Answer» D. bill of country | |
| 117. |
Who is issuing license to perform insurance business by banks |
| A. | RBI |
| B. | IRDA |
| C. | SEBI |
| D. | Central government |
| E. | LIC |
| Answer» C. SEBI | |
| 118. |
Accounts are allowed to be operated by cheques in respect of? |
| A. | Both savings bank accounts and fixed deposit accounts. |
| B. | Savings bank accounts and current accounts. |
| C. | Both savings bank accounts and loan accounts. |
| D. | Both savings bank accounts and cash accounts only. |
| E. | Both current accounts and fixed deposit accounts. |
| Answer» C. Both savings bank accounts and loan accounts. | |
| 119. |
The Indian Financial System Code (IFS Code) is an alphanumeric code that uniquely identifies a bank-branch participating in the two main Electronic Funds Settlement Systems in India. IFSC code consists of how many alphanumeric codes? |
| A. | 10 |
| B. | 11 |
| C. | 9 |
| D. | 12 |
| E. | 8 |
| Answer» C. 9 | |
| 120. |
Which of the following banks was first to establish merchant banking business in India? |
| A. | ABN Amro Bank |
| B. | Citibank |
| C. | HDFC Bank |
| D. | Standard chartered |
| E. | Grindlays Bank |
| Answer» F. | |
| 121. |
Which among the following is correct about slogans of different banks: |
| A. | State Bank of Travancore - A Long Tradition of Trust |
| B. | Syndicate Bank - Your Faithful and Friendly Financial Partner |
| C. | UCO Bank - Honours Your Trust |
| D. | All of The Above |
| E. | None of The Above |
| Answer» E. None of The Above | |
| 122. |
Which of the following measures will have positive impact on Inflation? (1). Reduction in unnecessary expenditure of (2). Increase in savings of the people (3). Surplus (4). Halt in repayment of public debt and Select the correct codes |
| A. | 1, 2 and 4 |
| B. | 2, 3 and 4 |
| C. | 1, 3 and 4 |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 123. |
Group of people such as workers who pool their money together for savings and to make loan is called a/an |
| A. | Public Union |
| B. | Credit Union |
| C. | Labour Union |
| D. | Cooperative Union |
| E. | None of these |
| Answer» C. Labour Union | |
| 124. |
India became the country in the world to have a bank especially for women. |
| A. | 7 |
| B. | 6 |
| C. | 5 |
| D. | 3 |
| E. | None of these |
| Answer» E. None of these | |
| 125. |
A government security is generally issued in the form of |
| A. | Stock certificates |
| B. | Bearer bonds |
| C. | Promissory notes |
| D. | all |
| E. | none |
| Answer» E. none | |
| 126. |
Which term refers closure of the loan account prior to the tenure fixed for the account? |
| A. | Pre Approved |
| B. | Pre Closure |
| C. | Personal Disposable |
| D. | All of the above |
| E. | None of the Above |
| Answer» C. Personal Disposable | |
| 127. |
Which of the following committees has given its recommendations on Financial Inclusion ? |
| A. | Rakesh Mohan Committee |
| B. | Rangrajan Committee |
| C. | Sinha committee |
| D. | Kelkar Committee |
| E. | None of these |
| Answer» C. Sinha committee | |
| 128. |
Khandelwal Committee relates to study of .. issue in Public Sector Banks? |
| A. | Capital Adequacy Ratio |
| B. | Human Resources |
| C. | Branch Expansion |
| D. | Foreign Exchange |
| E. | None of the above |
| Answer» C. Branch Expansion | |
| 129. |
is a short term and unsecured promissory notes issued by corporations with very high credit standings: |
| A. | Commercial Paper |
| B. | Cheque |
| C. | Corporate Bond |
| D. | None of The Above |
| E. | DD |
| Answer» B. Cheque | |
| 130. |
CRR is required to maintain in the form of ? |
| A. | Approved Government Securities |
| B. | Cash with RBI |
| C. | Cash with bank |
| D. | All the above |
| E. | None of the above |
| Answer» C. Cash with bank | |
| 131. |
In India, the bank NABARD does not provide refinance to: |
| A. | Scheduled commercial banks |
| B. | Regional rural banks |
| C. | State land development banks |
| D. | Export-import bank |
| E. | None of these |
| Answer» E. None of these | |
| 132. |
If the customer can do all transactions only in a branch and the branch has no online access, it is called . |
| A. | Online Banking |
| B. | Internet Banking |
| C. | Virtual Banking |
| D. | Brick and Mortar Banking |
| E. | None of these |
| Answer» E. None of these | |
| 133. |
A cheque that is not crossed on the left corner and payable at the counter of the drawee bank on presentation of the cheque, is called , |
| A. | Open cheque |
| B. | Order cheque |
| C. | Stale Cheque |
| D. | Post-dated cheque |
| E. | Ante-dated cheque |
| Answer» B. Order cheque | |
| 134. |
How many sub-categories are classified under Agriculture sector? |
| A. | Four |
| B. | Five |
| C. | Six |
| D. | Three |
| E. | None |
| Answer» E. None | |
| 135. |
Payment of a cheque cannot be made on a cash counter of the bank if the cheque is:- |
| A. | bearer |
| B. | cross |
| C. | order |
| D. | all of the above. |
| E. | None of these |
| Answer» C. order | |
| 136. |
As per the provision of the Coinage Act, 2011, coins of any denomination not lower than one rupee shall be legal tender for . |
| A. | Any sum |
| B. | Any sum not exceeding Rs. 10 |
| C. | Any sum not exceeding Rs. 50 |
| D. | Any sum not exceeding Rs. 100 |
| E. | Any sum not exceeding Rs. 500 |
| Answer» B. Any sum not exceeding Rs. 10 | |
| 137. |
Consider these statements:- Statement I One rupee note is the liability of GOI. Statement II Two rupee note is the liability of RBI. |
| A. | Both statements are true. |
| B. | Both are false. |
| C. | Statement I is true, whereas II is false. |
| D. | Statement I is false, whereas II is true. |
| E. | None of these. |
| Answer» B. Both are false. | |
| 138. |
National Bank for Agriculture & Rural Development (NABARD) was setup in the ? |
| A. | 1982 |
| B. | 1991 |
| C. | 1969 |
| D. | 1948 |
| E. | None of these |
| Answer» B. 1991 | |
| 139. |
The largest number of commercial banks offices are located in? 84). What is the purpose of KYC in banking? |
| A. | It is used for customer identification |
| B. | It is used for increasing the CRR of banks |
| C. | It is used against money laundering |
| D. | It is used by the central bank to control liquidity |
| E. | Both (a) and (c) |
| Answer» F. | |
| 140. |
Those amounts due to vendors or suppliers that must be paid within one year is known as: |
| A. | Loan Advances |
| B. | Accounts Payable |
| C. | Creditors |
| D. | Debtors |
| E. | None of These |
| Answer» C. Creditors | |
| 141. |
The new Indian Currency Note of Rs. 2000 denomination will have an image of: |
| A. | Taj Mahal |
| B. | Red Fort |
| C. | Qutb Minar |
| D. | Mangalyaan |
| E. | None of these |
| Answer» E. None of these | |
| 142. |
Which of the following allowed Non-Resident Indians (NRI) to subscribe to NPS? |
| A. | SEBI |
| B. | EXIM Bank |
| C. | GOI |
| D. | RBI |
| E. | None of these |
| Answer» E. None of these | |
| 143. |
In International Banking terms, Appreciation of Rupee means _ |
| A. | Excess of exports over imports |
| B. | Purchasing power of rupee has come down |
| C. | Availability of less foreign currency vis-a-vis rupee |
| D. | Excess of imports over exports |
| E. | Availability of more foreign currency vis-a-vis rupee |
| Answer» D. Excess of imports over exports | |
| 144. |
The government formed the panel after many ex-servicemen returned their medals to protest the rejection of their one rank one pension demand. Who is heading this panel? |
| A. | K.M. Chandrasekhar |
| B. | R Balakrishanan |
| C. | B S Padmanabham |
| D. | T. Raja Shekhar |
| E. | R Balu |
| Answer» B. R Balakrishanan | |
| 145. |
Large amounts of cheques are processed by using |
| A. | OCR |
| B. | MICR |
| C. | OMR |
| D. | All of these |
| E. | None of these |
| Answer» C. OMR | |
| 146. |
RBI uses bank rate in order to control . |
| A. | Money supply, volume of bank credit and cost of bank credit. |
| B. | Liquidity |
| C. | Cash holdings of banks |
| D. | Financial position of banks |
| E. | None of these |
| Answer» B. Liquidity | |
| 147. |
is a financial intermediary who helps to mobilize and transfer capital from those who possess it to those who need it? |
| A. | Lease finance |
| B. | Venture capital |
| C. | Merchant banker |
| D. | hire purchaser |
| E. | None of these |
| Answer» C. Merchant banker | |
| 148. |
What is the name of technology given to the recently introduced computerised clearance of cheques: |
| A. | Automatic clearance |
| B. | MICR |
| C. | Speedline System |
| D. | Special clearning |
| E. | None of the above |
| Answer» C. Speedline System | |
| 149. |
Which of the following depicts the financial position of a bank or business enterprise at a given point of time? |
| A. | Balance sheet |
| B. | Cash flow statement |
| C. | Income statement |
| D. | Model audit |
| E. | None of these |
| Answer» B. Cash flow statement | |
| 150. |
Now-a-days Banks are selling third party products. Example of third party product is: |
| A. | Mutual funds |
| B. | Term deposits |
| C. | Credit cards |
| D. | All of these |
| E. | None |
| Answer» B. Term deposits | |