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. |
World Photography day is observed on |
| A. | 17th August |
| B. | 19th August |
| C. | 20th August |
| D. | 22nd August |
| Answer» C. 20th August | |
| 2. |
Non-bank entities must have net worth of at least how much to be eligible for operating white label ATMs |
| A. | Rs. 100 cr |
| B. | Rs. 200 cr |
| C. | Rs. 300 cr |
| D. | Rs. 400 cr |
| Answer» B. Rs. 200 cr | |
| 3. |
When the government tries to meet the gap of public expenditure and public revenue through borrowing from the banking system, it is called as |
| A. | Credit Financing |
| B. | Debt Financing |
| C. | Deficit Financing |
| D. | Internal Debt |
| Answer» D. Internal Debt | |
| 4. |
What is the relationship between a bank and customer when a locker is rented out by a bank to a person |
| A. | Bailor and Bailee |
| B. | Bailee and Bailor |
| C. | Principal and Agent |
| D. | Lessee and Lessor |
| Answer» E. | |
| 5. |
Justice Mukul Mudgal comm. is related with which of the following subject? |
| A. | IPL spot fixing |
| B. | Hike in prices of Automobile |
| C. | Rise in prices of petrol |
| D. | Banking Reforms |
| Answer» B. Hike in prices of Automobile | |
| 6. |
After how many years of terrorist attack World Trade Centre reopen for business? |
| A. | 12 years |
| B. | 13 years |
| C. | 15 years |
| D. | 7 years |
| Answer» C. 15 years | |
| 7. |
Slogan of poverty Abolition was given in which Five Year Plan? |
| A. | First five year plan |
| B. | Second five year plan |
| C. | Third five year plan |
| D. | Fifth fiver year plan |
| Answer» E. | |
| 8. |
Which of the following restrictions apply for opening BSBDA by banks for individuals? |
| A. | Age |
| B. | Income |
| C. | Amount |
| D. | None of these |
| Answer» E. | |
| 9. |
Commercial banks in India were nationalized in 1969 because |
| A. | There was urban bias |
| B. | Agriculture sector was neglected |
| C. | There was concentration of economic power |
| D. | All of the above |
| Answer» E. | |
| 10. |
When prices of goods are falling continuously, the phenomenon is called as : |
| A. | Stagflation |
| B. | Disinflation |
| C. | Deflation |
| D. | Reflation |
| Answer» D. Reflation | |
| 11. |
FRBM Act stands for : |
| A. | Fiscal Revenue and Budget Management |
| B. | Foreign Revenue and Business Management |
| C. | Fiscal Responsibility and Budget Management |
| D. | Foreign Responsibility and Budget Management |
| Answer» D. Foreign Responsibility and Budget Management | |
| 12. |
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 | |
| 13. |
In index of financial inclusion has been launched for the first time in 2008 by |
| A. | BSE |
| B. | NSE |
| C. | ICRIER |
| D. | CCI |
| Answer» D. CCI | |
| 14. |
When the credit committee corporation was created? |
| A. | 1974 |
| B. | 1972 |
| C. | 1971 |
| D. | 1973 |
| Answer» D. 1973 | |
| 15. |
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 | |
| 16. |
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’ post dated cheque | |
| 17. |
Who among the following can issue commercial papers in India? |
| A. | Corporates |
| B. | Primary dealers |
| C. | All India financial institutions |
| D. | All of above |
| Answer» E. | |
| 18. |
What type of loan is granted by banks for purchase of white goods? |
| A. | Consumption loan |
| B. | Mortgage loan |
| C. | Consumer durables loan |
| D. | Home loan |
| Answer» D. Home loan | |
| 19. |
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 | |
| 20. |
A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as |
| A. | investment banking |
| B. | specialized banking |
| C. | mobile banking |
| D. | national banking |
| Answer» C. mobile banking | |
| 21. |
Banks in our country normally publicise that additional interest rate is allowed on retail domestic term deposits of |
| A. | Minors |
| B. | Married women |
| C. | Senior citizens |
| D. | Govt. employees |
| Answer» D. Govt. employees | |
| 22. |
NEFT means– |
| A. | National Electronic Funds Transfer system |
| B. | Negotiated Efficient Fund Transfer system |
| C. | National Efficient Fund Transfer solution |
| D. | Non Effective Fund Transfer system |
| Answer» B. Negotiated Efficient Fund Transfer system | |
| 23. |
Which of the following states became the first state in the country to launch RBI�s e-payment system for commercial tax payers? |
| A. | Andhra Pradesh |
| B. | Karnataka |
| C. | Kerala |
| D. | Maharashtra |
| Answer» C. Kerala | |
| 24. |
When a bank returns a cheque unpaid, it is called: |
| A. | payment of the cheque |
| B. | drawing of the cheque |
| C. | cancelling of the cheque |
| D. | dishonor of the cheque |
| Answer» E. | |
| 25. |
Fixed deposits and recurring deposits are: |
| A. | repayable after an agreed period |
| B. | repayable on demand |
| C. | not repayable |
| D. | repayable after death of depositors |
| Answer» C. not repayable | |
| 26. |
Interest payable on savings bank accounts is: |
| A. | not regulated by RBI |
| B. | regulated by Sate Governments |
| C. | regulated by Central Government |
| D. | regulated by RBI |
| Answer» E. | |
| 27. |
Sales above Break even point is called ___ |
| A. | Margin of Safety |
| B. | Gross Profit |
| C. | Net profit |
| D. | b & c |
| Answer» B. Gross Profit | |
| 28. |
We know that RBI is the apex bank of India. Similarly the apex Bank of the USA is: |
| A. | Federal Reserve Bank |
| B. | The Central Bank of USA |
| C. | Bank of America |
| D. | Central National Bank of USA |
| Answer» B. The Central Bank of USA | |
| 29. |
The branding line of Bank of Baroda is ____ |
| A. | International bank of India |
| B. | India’s International bank |
| C. | Indian’s Multinational Bank |
| D. | World’s local Bank |
| Answer» C. Indian’s Multinational Bank | |
| 30. |
SME Stands for: |
| A. | Small and Medium Enterprises |
| B. | Selling and Marketing Establishment |
| C. | Selling and Managing Employee |
| D. | Sales and Marketing entity |
| Answer» B. Selling and Marketing Establishment | |
| 31. |
In respect of CGTMSE (Credit Guarantee fund Trust for Micro and Small Enterprises) No collateral and no third party guarantee for fund based and non fund based credit facilities up to _ |
| A. | Rs. 10.00 lakhs |
| B. | Rs. 5.00 lakhs |
| C. | Rs.100 lakhs |
| D. | Rs. 5 lakhs |
| Answer» D. Rs. 5 lakhs | |
| 32. |
The security which is a claim on the government and is a secure financial instrument guarantees certainty of both capital and interest is called? |
| A. | Gilt-Edged Security |
| B. | Call Money |
| C. | Treasury Bills |
| D. | Certificate of Deposits |
| Answer» B. Call Money | |
| 33. |
The Know Your Customer (KYC) norms of opening a bank account has been relaxed for the accounts with minimum balance of |
| A. | Rs.1,00,000/- |
| B. | Rs.25,000/- |
| C. | Rs.50,000/- |
| D. | Rs.75,000/- |
| Answer» D. Rs.75,000/- | |
| 34. |
As part of the Financial Inclusion the following acts as an alternative to the Branch Banking. |
| A. | Online Banking |
| B. | Mobile banking |
| C. | Issuing of ATM Cards |
| D. | Kiosks |
| Answer» C. Issuing of ATM Cards | |
| 35. |
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 | |
| 36. |
ACH is a nationwide automated electronic system that monitors and administers the process of cheques and fund clearance between banks. Expand ACH. |
| A. | Automatic Check Clearing House |
| B. | Automated Check House |
| C. | Automatic Clearing House |
| D. | Automated Clearing House |
| Answer» E. | |
| 37. |
The bank which refinances the loans given to the poor and weaker sections to construct or buy houses is |
| A. | SIDBI |
| B. | IDBI |
| C. | NHB |
| D. | IIBI |
| Answer» D. IIBI | |
| 38. |
Who is having the major stakes in NABARD? |
| A. | RBI |
| B. | Central Government |
| C. | SBI |
| D. | Ministry of Finance |
| Answer» C. SBI | |
| 39. |
The tag line ‘A friend you can bank on’ is of which bank? |
| A. | Vijaya Bank |
| B. | Bank of Maharashtra |
| C. | UCO Bank |
| D. | Bank of Baroda |
| Answer» B. Bank of Maharashtra | |
| 40. |
Kapoor committee, 1999 is related to ____. |
| A. | Co-operative Banking Reforms |
| B. | Micro-finance |
| C. | Capital Account convertibility |
| D. | Restructuring of RRBs |
| Answer» B. Micro-finance | |
| 41. |
A scheduled bank must be |
| A. | A corporative or company incorporated by any law in force in any place in India |
| B. | An institution notified by GOI |
| C. | A company as defined by companies act, 2013 |
| D. | All of the above |
| Answer» E. | |
| 42. |
What does the letter ‘L’ stands for in the term LAF commonly used in financial/economic news? |
| A. | Liquidity |
| B. | Least |
| C. | Liabilities |
| D. | Long |
| Answer» B. Least | |
| 43. |
Expand the term ALM as used in Banking/Finance sector? |
| A. | Asset Liability Management |
| B. | Asset Liability Maturity |
| C. | Asset Liability Mismatch |
| D. | Asset Liability Manpower |
| Answer» B. Asset Liability Maturity | |
| 44. |
"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 | |
| 45. |
Which of the following banks enjoys the reputation of being at the top in market capitalization among all the private banks? |
| A. | ICICI Bank |
| B. | HDFC Bank |
| C. | Axis Bank |
| D. | IDBI Bank |
| Answer» C. Axis Bank | |
| 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. |
When two parties make an arrangement to exchange future cash flows, it is called: |
| A. | Options |
| B. | Arbitrage |
| C. | Swap |
| D. | Futures |
| Answer» D. Futures | |
| 48. |
J.S. Verma Committee Report relates to: |
| A. | Strengthening of weak banks |
| B. | Corporate Governance |
| C. | Bank Mechanization |
| D. | None of the above |
| Answer» B. Corporate Governance | |
| 49. |
Payment of a cheque may be countermanded by the ___ |
| A. | Payee |
| B. | True owner |
| C. | Drawee |
| D. | Drawer |
| Answer» E. | |
| 50. |
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 | |