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. |
Where is the headquarters of World Bank situated? |
| A. | Paris |
| B. | Basel |
| C. | Vienna |
| D. | Washington D.C. |
| Answer» E. | |
| 2. |
NABARD (National Bank for Agriculture and Rural Development) established JLG to extract the productive capability from rural population. JLG stands for ? |
| A. | Junior Link Group |
| B. | Join Life Group |
| C. | Joint Line Group |
| D. | Joint Liability Group |
| Answer» E. | |
| 3. |
The main business of banks is to accept deposits from the public. However, a bank can refuse to permit opening an account on behalf of _______: |
| A. | Undesirable persons |
| B. | Artificial persons |
| C. | Arrested persons |
| D. | Convicted persons |
| Answer» B. Artificial persons | |
| 4. |
___ assumed charge as the Minister of State for Micro, Small & Medium Enterprises (MSME) on 11th November 2014. |
| A. | Gopal Singh |
| B. | Veerabhadra Singh |
| C. | Manoj Tiwari |
| D. | Giriraj Singh |
| Answer» E. | |
| 5. |
The first Indian bank to open a branch outside India in London in 1946? |
| A. | SBI |
| B. | PNB |
| C. | BOB |
| D. | BOI |
| Answer» E. | |
| 6. |
Credit risk to the bank is high from which of these card ? |
| A. | ATM cards |
| B. | Debit cards |
| C. | Credit cards |
| D. | All of these |
| Answer» D. All of these | |
| 7. |
Which is incorrect with regard to powers of RBI |
| A. | Holds cash reserve banks |
| B. | Controls banking system through licensing |
| C. | Supervises Banking system through inspection |
| D. | None of these |
| Answer» E. | |
| 8. |
Which of the following can be categories as a Merchant Banking service? |
| A. | Consultancy on finance to a company |
| B. | Advance in capital structure |
| C. | Managing mergers |
| D. | Helping in finalizing take over |
| E. | All the above |
| Answer» F. | |
| 9. |
Which of the following terms is used in the field of banking and finance? |
| A. | Investment |
| B. | Genetics |
| C. | Resistance |
| D. | Metabolic Reaction |
| Answer» B. Genetics | |
| 10. |
Public Sector Banks include ? |
| A. | 20 Nationalized Banks + State Bank of India + 5 SBI Associates + IDBI |
| B. | 20 Nationalized Banks + 6 Private Banks |
| C. | 14 Nationalized Banks + 6 SBI Associates + 7 Private Banks |
| D. | 20 Nationalized Banks + State Bank of India + 5 Private Sector Banks + IDBI |
| Answer» B. 20 Nationalized Banks + 6 Private Banks | |
| 11. |
What is ‘STT’?$ |
| A. | Standard Transaction Tax |
| B. | Securities Transaction tax |
| C. | Securities Transfer tax |
| D. | Standard Transfer tax |
| Answer» C. Securities Transfer tax | |
| 12. |
The beneficiaries of Micro finance business are _____________ |
| A. | Land Less labour |
| B. | Marginal farmers |
| C. | Vendors in the small markets |
| D. | Hawkers |
| E. | All the above |
| Answer» F. | |
| 13. |
Who among the following is the primary regulator of Banking business? |
| A. | Reserve Bank of India |
| B. | Central Government |
| C. | State Government |
| D. | Parliament |
| Answer» B. Central Government | |
| 14. |
Mortgage is a: |
| A. | Security on movable property for a loan |
| B. | Security on immovable property for a loan |
| C. | Concession on immovable property |
| D. | Facility on immovable property |
| E. | Security on loan sanctioned against fixed deposits |
| Answer» C. Concession on immovable property | |
| 15. |
The market which expects the prices of shares go up in the market is called |
| A. | Depressed market |
| B. | Bull market |
| C. | Duck market |
| D. | Bear market |
| Answer» C. Duck market | |
| 16. |
Which of the following is not classified as a commercial Bank ? |
| A. | Regional Rural Bank |
| B. | Private Sector Bank |
| C. | Foreign Bank |
| D. | Co-operative Bank |
| Answer» E. | |
| 17. |
These days RBI uses Selective credit control measures rather infrequently because of: |
| A. | Deregulation of functions |
| B. | Autonomy given to banks |
| C. | Comfortable liquidity |
| D. | Reasonable inflation level |
| E. | All the above |
| Answer» F. | |
| 18. |
Committee, launched the process of reforms of financial system in India |
| A. | Gadgil committee |
| B. | Nariman committee |
| C. | Narasimham committee |
| D. | Khanna Committee |
| Answer» D. Khanna Committee | |
| 19. |
When a bank returns a cheque unpaid, it is called? |
| A. | Payment of cheque |
| B. | Dishonor of cheque |
| C. | Cancelling of cheque |
| D. | Drawing of cheque |
| Answer» C. Cancelling of cheque | |
| 20. |
Loan taken by the person, not telling the purpose of taking loan is called ? |
| A. | Impersonal Loan |
| B. | NPA |
| C. | Personal Loan |
| D. | Concealed Loan |
| Answer» D. Concealed Loan | |
| 21. |
Banking sector comes under which sector? |
| A. | Services sector |
| B. | Manufacturing sector |
| C. | Realty sector |
| D. | Industrial sector |
| Answer» B. Manufacturing sector | |
| 22. |
Which of the following conducts the Annual Survey of Industries (ASI)? |
| A. | Central Statistics Office |
| B. | National Sample Survey Organisation |
| C. | Ministry of Heavy Industries and Public Enterprises |
| D. | Ministry of Economy |
| Answer» B. National Sample Survey Organisation | |
| 23. |
A fixed deposit receipt is kept with the bank for its safety, is known as ___? |
| A. | Safe custody |
| B. | Safe deposit |
| C. | Locker |
| D. | Valid safe deposit |
| Answer» B. Safe deposit | |
| 24. |
Which of the following types of accounts are known as "Demat Accounts"? |
| A. | 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 | |
| 25. |
RHP means |
| A. | Read Herring Prospectus |
| B. | Roll Hearing Prospectus |
| C. | Red Herring Prospectus |
| D. | Red Herring Proposals |
| Answer» D. Red Herring Proposals | |
| 26. |
Which of the following is the best option to park money for a long period of time to earn a high rate of interest? |
| A. | Savings account |
| B. | Current account |
| C. | Deposit account |
| D. | Recurring account |
| Answer» D. Recurring account | |
| 27. |
RBI known as lender of last resort because: |
| A. | It has to meet the credit need of citizens to whom no one else is willing to lend |
| B. | Banks lend to go to RBI as a last resort |
| C. | It comes to help banks in times of crisis |
| D. | None of these |
| Answer» D. None of these | |
| 28. |
Regional Rural Banks were set up on the recommendations of |
| A. | Nariman committee |
| B. | Narasimham committee |
| C. | Gadgil committee |
| D. | Puri committee |
| Answer» C. Gadgil committee | |
| 29. |
Which of the following is a fully-owned subsidiary of RBI? |
| A. | NHB |
| B. | DICGC |
| C. | BRBNMPL |
| D. | All of the above |
| Answer» E. | |
| 30. |
One of the delivery channel for Micro Finance is SHG model. SHG means ? |
| A. | Soar Help Group |
| B. | Sake Help Group |
| C. | Self Hope Group |
| D. | Store Help Group |
| E. | Self Help Group |
| Answer» F. | |
| 31. |
FD in a commercial bank can be done for a maximum period of |
| A. | 15 years |
| B. | 25 years |
| C. | 10 years |
| D. | No limit |
| Answer» D. No limit | |
| 32. |
Currency notes deposited in the currency chest are the property of ____? |
| A. | Respective bank |
| B. | RBI |
| C. | SBI |
| D. | Government of India |
| Answer» C. SBI | |
| 33. |
Which of the following organizations/ agencies has sought an emergency fund of Rs.1000 crore from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers? |
| A. | Regional Rural & Cooperative Banks |
| B. | RBI |
| C. | Micro Finance Institutions |
| D. | NABARD |
| Answer» E. | |
| 34. |
FPO means? |
| A. | Follow on Public Offer |
| B. | First Public Offer |
| C. | Follow on Private Offer |
| D. | Firm on Public Offer |
| Answer» B. First Public Offer | |
| 35. |
A debit card holder cannot perform which of the following functions? |
| A. | Make Point of Sale (POS) purchase |
| B. | Recharge pre-paid mobile phones |
| C. | Pay Life insurance premium |
| D. | Make donation |
| E. | None of the above |
| Answer» F. | |
| 36. |
RBI Provides ____ for meeting day - to - day receipt and expenditure mismatch to both Central and State Governments. |
| A. | Treasury bills |
| B. | Ways and Means advance |
| C. | Date and securities |
| D. | None of these |
| Answer» C. Date and securities | |
| 37. |
In India, forex rates are determined by |
| A. | Exporters |
| B. | Demand and supply forces |
| C. | Importers |
| D. | None of these |
| Answer» C. Importers | |
| 38. |
Monetary Policy as an arm of the economic policy is administered by |
| A. | Government of India |
| B. | Reserve Bank of India |
| C. | State Bank of India |
| D. | Governments of the respective states |
| Answer» C. State Bank of India | |
| 39. |
Which of the following is not the name of a Banking Organisation? |
| A. | HDFC |
| B. | IDBI |
| C. | YES |
| D. | SEBI |
| Answer» E. | |
| 40. |
Which of the following is NOT classified as a commercial bank? |
| A. | Public sector bank |
| B. | Foreign bank |
| C. | Private sector bank |
| D. | Regional rural bank |
| E. | Urban cooperative bank |
| Answer» F. | |
| 41. |
The Banking Ombudsman–$ |
| A. | is in charge of bank loans for buses |
| B. | fixes the rates of interest for loans |
| C. | resolves complaints of customers |
| D. | issues license for new bank branches |
| E. | is the head of all nationalised banks |
| Answer» D. issues license for new bank branches | |
| 42. |
In the opening of Savings Account (few other accounts also) bank ask to write Nominee name. Who shall be nominee? |
| A. | Any person |
| B. | Known person only |
| C. | Female only |
| D. | Close blood relation only |
| Answer» E. | |
| 43. |
Accounts are allowed to operated by Cheques in respect of |
| A. | Both Savings Accounts and Fixed Deposit accounts |
| B. | Savings account and Current Accounts |
| C. | Both Savings and Loan Accounts |
| D. | Both savings bank accounts and cash accounts only |
| Answer» C. Both Savings and Loan Accounts | |
| 44. |
Interest Rate payable on Saving Bank account is |
| A. | Regulated by RBI |
| B. | Regulated by State Government |
| C. | Regulated by Central Government |
| D. | Not regulated by RBI |
| Answer» E. | |
| 45. |
Which of the following statement is true about Bank? |
| A. | Banks can accept only time deposit from public |
| B. | Banks can accept only demand deposit from public |
| C. | Banks can accept both demand and time deposit from Public |
| D. | Banks can accept demand and time deposit from Government only |
| E. | Banks cannot accept demand and time deposit from Public |
| Answer» B. Banks can accept only demand deposit from public | |
| 46. |
Which of the following is a foreign bank having branches in India? |
| A. | HDFC Bank |
| B. | ICICI Bank |
| C. | Yes Bank |
| D. | Standard Chartered Bank |
| E. | Syndicate Bank |
| Answer» E. Syndicate Bank | |
| 47. |
The facility not available in the BSBDA is ? |
| A. | Deposit amount |
| B. | Withdrawing of cash |
| C. | ATM Card |
| D. | Withdrawal form facility |
| E. | All above facilities are available. |
| Answer» F. | |