MCQOPTIONS
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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. |
"Claused Bill of Landing" is one which indicates:%! |
| A. | Remaining constant in project cost |
| B. | Decrease in Project Cost |
| C. | Escalation in Project Cost |
| D. | None of the above |
| Answer» D. None of the above | |
| 2. |
A Usance Bill when presented for acceptance has to be accepted/ dishonoured within:%! |
| A. | 24 hours |
| B. | 36 hours |
| C. | 48 hours |
| D. | 60 hours |
| Answer» D. 60 hours | |
| 3. |
A debt becomes time-barred after:%! |
| A. | One year |
| B. | Two and a half year |
| C. | Three years |
| D. | Five years |
| Answer» D. Five years | |
| 4. |
The appointments of Banking Ombudsman will be carried out by which of the following?%! |
| A. | Finance Ministry |
| B. | RBI |
| C. | Govt. of India |
| D. | SEBI |
| Answer» C. Govt. of India | |
| 5. |
The Bank for International Settlements (BIS) which provides the Banking supervision accords is located in which country%! |
| A. | England |
| B. | USA |
| C. | France |
| D. | Switzerland |
| Answer» E. | |
| 6. |
Gilt-edged securities market is the market for government and semi-government securities. These securities carry%! |
| A. | Floating interest rate |
| B. | Fixed interest rate |
| C. | Fixed as well as floating interest rate |
| D. | No interest rate at all |
| Answer» C. Fixed as well as floating interest rate | |
| 7. |
Financial assistance for a sum of Rs. 5,000 can be called as?%! |
| A. | Small finance |
| B. | Micro finance |
| C. | Crazy finance |
| D. | Petty finance |
| Answer» C. Crazy finance | |
| 8. |
When prices of goods are falling continuously, the phenomenon is called as :%! |
| A. | Stagflation |
| B. | Disinflation |
| C. | Deflation |
| D. | Reflation |
| Answer» D. Reflation | |
| 9. |
With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country–%! |
| A. | Registration |
| B. | Nomination |
| C. | Indemnity |
| D. | Guarantee |
| Answer» C. Indemnity | |
| 10. |
What is a stale cheque?%! |
| A. | A cheque issued without drawer’s signature |
| B. | A cheque with only signature of the drawer |
| C. | A cheque which has completed six months from its date of issue |
| D. | A six months’ post dated cheque |
| Answer» D. A six months‚Äö√Ñ√¥ post dated cheque | |
| 11. |
The co-operative bank is governed by the banking regulation Act 1949 and co-operative societies Act of%! |
| A. | 1960 |
| B. | 1962 |
| C. | 1965 |
| D. | 1969 |
| Answer» D. 1969 | |
| 12. |
*$_What are ‘Open Market Operations"?? |
| A. | Activities of SEBI¬registered brokers |
| B. | Selling of currency by the RBI |
| C. | Selling of gilt¬edged securities by the government |
| D. | Sale of share by FIIs |
| Answer» D. Sale of share by FIIs | |
| 13. |
*$_Commercial banking system means? |
| A. | Scheduled and non-Scheduled banks |
| B. | Private sector and public scheduled banks |
| C. | Both (a) and (b) |
| D. | Regional rural banks, co-operative banks and NBFCs |
| Answer» D. Regional rural banks, co-operative banks and NBFCs | |
| 14. |
*$_DICGC is the wholly owned subsidiary of?? |
| A. | SBI |
| B. | NABARD |
| C. | Union Government |
| D. | RBI |
| Answer» E. | |
| 15. |
*$_The term ‘BSR’ refers to? |
| A. | Bank’s selling Rate |
| B. | Basic Statistical Returns |
| C. | Annual returns submitted by banks to RBI in respect to priority sector advances |
| D. | Quarterly statements of advance to agriculture |
| Answer» C. Annual returns submitted by banks to RBI in respect to priority sector advances | |
| 16. |
*$_Smart card has been introduced on the recommendations of which committee among the following?? |
| A. | Rangarajan committee |
| B. | Panneerselvam committee |
| C. | Saraf committee |
| D. | Nayak committee |
| Answer» D. Nayak committee | |
| 17. |
*$_Often, we read in the newspapers that several Indian companies are taking the FCCB route to raise capital. What does the term FCCB stand for?? |
| A. | Foreign Currency Convertible Bond |
| B. | Foreign Convertible Credit Bond |
| C. | Financial Consortium and Credit Bureau |
| D. | Future Credit and Currency Bureau |
| Answer» B. Foreign Convertible Credit Bond | |
| 18. |
*$_Which of the following Co-operative Banks is considered as the first Co-operative Bank in India?? |
| A. | Abhyudaya Co-operative Bank Ltd |
| B. | Ahmedabad Mercanile Co-operative Bank Ltd |
| C. | Amanath Co-operative Bank Ltd |
| D. | Anyonya Co-operative Bank |
| Answer» E. | |
| 19. |
*$_Which among the following schemes of the Government was launched with an objective of a slum free India?(A) Indira Awas Yojana (B) Rajiv Awas Yojana(C) Ambedkar Awas Yojana (D) Grahalaxmi Scheme? |
| A. | Only A |
| B. | Only B |
| C. | Only C |
| D. | Only D |
| Answer» C. Only C | |
| 20. |
*$_What is the role of the Credit Bureau? (A) Blacklist borrowers with bad credit record.(B) Collects credit information on borrowers and supplies the information back to lenders. (C) Gives credit assessment of borrowers. (D) Dictates credit decisions of financial institutions.? |
| A. | Only A |
| B. | Only B |
| C. | Only C |
| D. | Only D |
| Answer» C. Only C | |
| 21. |
*$_Full Form of “CDR” –? |
| A. | Commercial Debt Recovery |
| B. | Corporate Debt Restructuring |
| C. | Credit Debit Rate |
| D. | Currency Default Ratio |
| Answer» C. Credit Debit Rate | |
| 22. |
*$_Central Bank of India was the first public bank to introduce:? |
| A. | Credit card |
| B. | ATM Card |
| C. | Mobile ATM |
| D. | Internet Banking Facility |
| Answer» B. ATM Card | |
| 23. |
*$_International Day of Rural Women is observed on ?? |
| A. | September 15 |
| B. | July 15 |
| C. | December 15 |
| D. | October 15 |
| Answer» E. | |
| 24. |
*$_World Photography day is observed on :? |
| A. | 17th August |
| B. | 19th August |
| C. | 20th August |
| D. | 22nd August |
| Answer» C. 20th August | |
| 25. |
*$_What is a stale cheque?? |
| A. | A cheque issued without drawer’s signature |
| B. | A cheque with only signature of the drawer |
| C. | A cheque which has completed six months from its date of issue |
| D. | A six months’ post dated cheque |
| Answer» D. A six months‚Äö√Ñ√¥ post dated cheque | |
| 26. |
*$_The co-operative bank is governed by the banking regulation Act 1949 and co-operative societies Act of? |
| A. | 1960 |
| B. | 1962 |
| C. | 1965 |
| D. | 1969 |
| Answer» D. 1969 | |
| 27. |
*$_Financial assistance for a sum of Rs. 5,000 can be called as?? |
| A. | Small finance |
| B. | Micro finance |
| C. | Crazy finance |
| D. | Petty finance |
| Answer» C. Crazy finance | |
| 28. |
*$_With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country–? |
| A. | Registration |
| B. | Nomination |
| C. | Indemnity |
| D. | Guarantee |
| Answer» C. Indemnity | |
| 29. |
*$_When prices of goods are falling continuously, the phenomenon is called as :? |
| A. | Stagflation |
| B. | Disinflation |
| C. | Deflation |
| D. | Reflation |
| Answer» D. Reflation | |
| 30. |
*$_The Bank for International Settlements (BIS) which provides the Banking supervision accords is located in which country? |
| A. | England |
| B. | USA |
| C. | France |
| D. | Switzerland |
| Answer» E. | |
| 31. |
*$_Reserve Bank of India was setup on the recommendations of which of the following commission/committee?? |
| A. | Royal Commission |
| B. | Hilton Young Commission |
| C. | Dantwala Committee |
| D. | D R Mehta Commission |
| Answer» C. Dantwala Committee | |
| 32. |
*$_Gilt-edged securities market is the market for government and semi-government securities. These securities carry? |
| A. | Floating interest rate |
| B. | Fixed interest rate |
| C. | Fixed as well as floating interest rate |
| D. | No interest rate at all |
| Answer» C. Fixed as well as floating interest rate | |
| 33. |
*$_The appointments of Banking Ombudsman will be carried out by which of the following?? |
| A. | Finance Ministry |
| B. | RBI |
| C. | Govt. of India |
| D. | SEBI |
| Answer» C. Govt. of India | |
| 34. |
*$_The Securitization And Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) meant for recovery of loans which have become NPAis not applicable to:? |
| A. | Private Banks |
| B. | Non – Banking Financial Companies |
| C. | Financial Institutes of the Govt. |
| D. | Public Sector banks |
| Answer» C. Financial Institutes of the Govt. | |
| 35. |
*$_Which of the following states became the first state in the country to launch RBI√¢ÔøΩÔøΩs e-payment system for commercial tax payers?? |
| A. | Andhra Pradesh |
| B. | Karnataka |
| C. | Kerala |
| D. | Maharashtra |
| Answer» C. Kerala | |
| 36. |
*$_Which of the following is the Regulator of the credit rating agencies in India?? |
| A. | RBI |
| B. | SBI |
| C. | SIDBI |
| D. | SEBI |
| Answer» E. | |
| 37. |
*$_Sales above Break even point is called ___? |
| A. | Margin of Safety |
| B. | Gross Profit |
| C. | Net profit |
| D. | b & c |
| Answer» B. Gross Profit | |
| 38. |
*$_The one-rupee note bears the signature of ____________.? |
| A. | RBI Governor |
| B. | Deputy Governor |
| C. | Finance Secretary |
| D. | Finance Minister |
| Answer» D. Finance Minister | |
| 39. |
*$_On march 1,1992, Reserve Bank of India announced a new system of exchange rates known as? |
| A. | Partial convertibility |
| B. | Liberalized exchange rate system |
| C. | Both A and B |
| D. | None of these |
| Answer» D. None of these | |
| 40. |
*$_The drawer of a cheque is always a? |
| A. | Bank |
| B. | Company |
| C. | Firm |
| D. | Customer |
| Answer» E. | |
| 41. |
*$_Enumerate the main functions of a banker as per banking regulations act. 1949?? |
| A. | Accepting deposit of money |
| B. | Advancing of loans |
| C. | Issuance of letters of credits |
| D. | Above all |
| Answer» E. | |
| 42. |
*$_Reserve bank of India, in regard to RTGS, has decided that? |
| A. | There would be accessible to all retail customers. |
| B. | There would be no floor ceiling for routing transactions through RTGS |
| C. | Settlement of transactions of the clearing corporations of India and the stock market would be conducted through RTGS. |
| D. | All of the above |
| Answer» E. | |
| 43. |
*$_Insurance business in India is regulated by? |
| A. | Life Insurance Corporation of India |
| B. | Reserve Bank of India |
| C. | Insurance Regulatory and Development Authority (IRDA) |
| D. | SEBI |
| Answer» D. SEBI | |
| 44. |
*$_What do you mean by home banking?? |
| A. | Home banking is an extended version of tele banking. |
| B. | in home banking the customer is able to access his personal account from his home for availing a variety of services which is made available. |
| C. | home banking is availed through the customer’s personal computer attached to a telephone line and modem |
| D. | All of the above |
| Answer» E. | |
| 45. |
*$_What is international banking?? |
| A. | Providing of variety of financial services to the customers who are living outside their home country |
| B. | Providing of financial services to the customers who are living in home country |
| C. | Banking between two countries |
| D. | All of the above |
| Answer» B. Providing of financial services to the customers who are living in home country | |
| 46. |
*/*_A Usance Bill when presented for acceptance has to be accepted/ dishonoured within:? |
| A. | 24 hours |
| B. | 36 hours |
| C. | 48 hours |
| D. | 60 hours |
| Answer» D. 60 hours | |
| 47. |
*/*_A debt becomes time-barred after:? |
| A. | One year |
| B. | Two and a half year |
| C. | Three years |
| D. | Five years |
| Answer» D. Five years | |
| 48. |
*/*_Which of the following is true about "White Card"?? |
| A. | It is related to companies producing milk products |
| B. | It does not carry on its face, the brand of the issuer |
| C. | It is meant to covert blank money into the economy |
| D. | It is a card that provides white money |
| Answer» C. It is meant to covert blank money into the economy | |
| 49. |
*/*_Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related to which of the following industries/ markets?? |
| A. | Capital Market |
| B. | Banking industry |
| C. | Commodities market |
| D. | Money Market |
| Answer» C. Commodities market | |
| 50. |
*/*_"Claused Bill of Landing" is one which indicates:? |
| A. | Remaining constant in project cost |
| B. | Decrease in Project Cost |
| C. | Escalation in Project Cost |
| D. | None of the above |
| Answer» D. None of the above | |