MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 1347 Mcqs, each offering curated multiple-choice questions to sharpen your Banking And Financial Awareness knowledge and support exam preparation. Choose a topic below to get started.
| 901. |
*/*_In India, it is necessary to have license from the RBI for opening a new branch. This is a requirement under ____ Act? |
| A. | Section 22 of banking Regulation Act |
| B. | Section 22 of RBI Act |
| C. | Section 22 of NABARD |
| D. | KYC Guidelines by RBI |
| Answer» B. Section 22 of RBI Act | |
| 902. |
*/*_Head office of Bank of Maharashtra is located at ________.? |
| A. | New Delhi |
| B. | Bhopal |
| C. | Pune |
| D. | Mumbai |
| Answer» D. Mumbai | |
| 903. |
*/*_Microcredit is defined as _____.? |
| A. | It is the small credit given to poor. |
| B. | It is the instalment given by Farmers against Loan. |
| C. | It is the amount given by Govt. for Small Industries Development. |
| D. | None of these. |
| Answer» B. It is the instalment given by Farmers against Loan. | |
| 904. |
*/*___________ was appointed by PM in July 2012 to look into taxation of IT sector.? |
| A. | Rangachary committee |
| B. | Bimal Jalan Committee |
| C. | C N R Rao Committee |
| D. | Damodran Committee |
| Answer» D. Damodran Committee | |
| 905. |
*/*_Which country did not participated in the 44th World Economic Forum ?? |
| A. | India |
| B. | Israel |
| C. | Iran |
| D. | None of these |
| Answer» E. | |
| 906. |
*/*_The biggest international financial centre in the world:? |
| A. | Frankfurt |
| B. | Geneva |
| C. | London |
| D. | New York |
| Answer» D. New York | |
| 907. |
*/*_____ heads and conducts the affairs of RBI? |
| A. | Central Board |
| B. | Local board |
| C. | Regional board |
| D. | All of the above |
| Answer» B. Local board | |
| 908. |
*/*_Which Bank launches voice password facility for users?? |
| A. | Axis |
| B. | ICICI |
| C. | HDFC |
| D. | Kotak Mahindra Bank |
| Answer» C. HDFC | |
| 909. |
*/*_Lock period in Term deposit means?? |
| A. | Locker must be opened by the customer in the branch. |
| B. | The Pre-maturity is not possible. |
| C. | Another account cannot be opened by customer. |
| D. | Nominee name need not be written. |
| Answer» C. Another account cannot be opened by customer. | |
| 910. |
*/*_Shares issued in Primary market in the form of IPO and FPO. IPO means?? |
| A. | India Public Offer |
| B. | Initial Private Offer |
| C. | Initial Public Off |
| D. | Initial Public Offer |
| Answer» E. | |
| 911. |
*/*_Main functions of Money?? |
| A. | Medium of Exchange |
| B. | Unit of Account |
| C. | Store of Value |
| D. | A, B and C of the above |
| Answer» E. | |
| 912. |
*/*_RBI on October, 7th 2013, has reduced Marginal Standing Facility (MSF) rate from 9.5% to 9% to improve liquidity in the system. What is MSF?? |
| A. | MSF rate is the rate at which banks lodge funds overnight with RBI buying approved government securities. |
| B. | MSF rate is the rate at which banks borrow funds overnight from other banks against approved government securities. |
| C. | MSF rate is the rate at which banks borrow funds overnight from RBI against approved government securities. |
| D. | MSF rate is the minimum rate at which banks lend to the borrowers. |
| Answer» D. MSF rate is the minimum rate at which banks lend to the borrowers. | |
| 913. |
*/*_Which of the following banks is limited to the needs of agriculture and rural finance?? |
| A. | RBI |
| B. | SBI |
| C. | IFC |
| D. | NABARD |
| Answer» E. | |
| 914. |
*/*_Land Development Banks form a part of the?? |
| A. | Commercial Banks |
| B. | Industrial Development Bank of India |
| C. | Food Corporation of India |
| D. | Co-operative Credit Structure |
| Answer» E. | |
| 915. |
*/*_What is 'Net Interest Margin' of a Bank?? |
| A. | Margin of Interest earned on Trading in Govt Securities |
| B. | Difference between the Base Interest Rate and the Average Lending Rate |
| C. | Difference between the interest income and the amount of interest paid out |
| D. | Difference between Interest on Term Loans and Interest on Cash Credits |
| Answer» D. Difference between Interest on Term Loans and Interest on Cash Credits | |
| 916. |
*/*_When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as? |
| A. | Term Deposit |
| B. | Demand Deposit |
| C. | Bond |
| D. | Mortgage |
| Answer» B. Demand Deposit | |
| 917. |
*/*___ was not nationalized in 1969? |
| A. | Punjab National Bank |
| B. | Oriental Bank of commerce |
| C. | Bank of Baroda |
| D. | Union Bank of India |
| Answer» C. Bank of Baroda | |
| 918. |
*/*_CRR funds are kept by the Banks in ____? |
| A. | Cash in hand at branches |
| B. | Balance with other banks |
| C. | Balance in a special Account with RBI |
| D. | Funds in the currency chest |
| Answer» D. Funds in the currency chest | |
| 919. |
*/*_Which one of the following is a Credit Card Association?? |
| A. | India Card |
| B. | Master Card |
| C. | SBI Cards |
| D. | City Bank Cards |
| Answer» C. SBI Cards | |
| 920. |
*/*_Which of the following banking does not come under Social Banking?? |
| A. | Crediting the LPG subsidy in the beneficiary bank account |
| B. | Offering Jan Dhan Scheme accounts |
| C. | Allowing students to credit their scholarships through No-frill accounts |
| D. | Allowing the subsidy loan to disadvantage sections of the society |
| Answer» D. Allowing the subsidy loan to disadvantage sections of the society | |
| 921. |
*/*_A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. The loan backed only by promise to repay, and for this reason the personal loan also called? |
| A. | Transfer loan |
| B. | Signature loans |
| C. | Priority sector loan |
| D. | Secured loans |
| Answer» C. Priority sector loan | |
| 922. |
*/*_On 7 May 2015, RBI said with effect from September 1, 2015 all new cards issued - debit and credit, domestic and international - by banks shall be EMV chip and pin based cards. EMV stands for? |
| A. | Europay, Mastro and Visa |
| B. | Europay, Master Card and Visa |
| C. | Entitlement of Master Card and Visa |
| D. | Euro, Master Card and Visa |
| Answer» C. Entitlement of Master Card and Visa | |
| 923. |
*/*_Almost all banks in our country have introduced facility for granting crop loans to farmers.? |
| A. | Term Loans |
| B. | Kisan Credit Cards |
| C. | Bank Guarantee |
| D. | Foreign Exchange |
| Answer» C. Bank Guarantee | |
| 924. |
*/*_Which among the following is the first universal bank of India?? |
| A. | HDFC |
| B. | Axis Bank |
| C. | ICICI |
| D. | Federal Bank |
| Answer» D. Federal Bank | |
| 925. |
*/*_Which of the following is/are called key Policy rates by the Reserve Bank of India?A. Bank rate B. Repo Rate, Reverse repo rateC. CRR, SLR? |
| A. | Only A |
| B. | Only B |
| C. | Only A & B |
| D. | All A, B and C |
| Answer» E. | |
| 926. |
*/*_What is financial inclusion?? |
| A. | To provide banking services to all those living in remote areas |
| B. | To provide a 100 days job to all those who are in need of a job |
| C. | To provide a permanent employment to the unemployed |
| D. | To ensure that all financial transactions amounting Rs. 5,000/- and above are done through banks |
| Answer» B. To provide a 100 days job to all those who are in need of a job | |
| 927. |
*/*_Which of the following is NOT a source of funds of a commercial bank?? |
| A. | Capital |
| B. | Call money |
| C. | Deposits |
| D. | Cash reserves with RBI |
| Answer» E. | |
| 928. |
*/*_A cheque crossed as ‘Payees a/c only” is direction to? |
| A. | The payee not to negotiate the cheque. |
| B. | The paying banker to ensure that the proceeds of the cheque are credited to the payees a/c only. |
| C. | The collecting banker to ensure that the proceeds of the cheques are collected for the account of the payee only. |
| D. | None of the above |
| Answer» D. None of the above | |
| 929. |
*/*_As per the direction of RBI on 29 October 2013, the banks can pay rate of interest onFixed deposits'?? |
| A. | At intervals shorter than quarterly intervals also |
| B. | Pay on quarterly basis alone |
| C. | On half yearly basis only |
| D. | As per the direction of government of India |
| Answer» B. Pay on quarterly basis alone | |
| 930. |
*/*_While investing in mutual funds we come across a term called NAV. What is the meaning of NAV?? |
| A. | Net Annual Value |
| B. | Non Asset Value |
| C. | Net Actual Value |
| D. | Net Asset Value |
| Answer» E. | |
| 931. |
*/*_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 | |
| 932. |
*/*_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 | |
| 933. |
*/*_Minimum cash reserves fixed by law constitute ___? |
| A. | A percentage of aggregate deposits of the bank |
| B. | A percentage of aggregate loans and advances of the bank |
| C. | A percentage of capital & reserves of the bank |
| D. | None of these |
| Answer» B. A percentage of aggregate loans and advances of the bank | |
| 934. |
*/*_Liability- side of the balance-sheet comprises:? |
| A. | Capital and reserve |
| B. | Long-term liabilities |
| C. | Current liabilities |
| D. | All of the above |
| Answer» E. | |
| 935. |
*/*_Which of the following methods is currently used in India to issue note?? |
| A. | Fixed Fiduciary System |
| B. | Maximum Fiduciary System |
| C. | Percentage Reserve System |
| D. | Minimum Reserve System |
| Answer» E. | |
| 936. |
*/*_At present, the RBI issue notes in the denominations of Rs.? |
| A. | 1, 2, 5, 10, 20, 50, 100 and 500 |
| B. | 1, 2, 5, 10, 20, 50, 500 and 1000 |
| C. | 2, 5, 10, 20, 50, 100, 500 and 1000 |
| D. | 2, 5, 10, 20, 50, 100, 1000 and 10000 |
| Answer» D. 2, 5, 10, 20, 50, 100, 1000 and 10000 | |
| 937. |
*/*_Which of the following was set up as a exclusive data communication network for banks in terms of recommendations of committee on communication network of banks?? |
| A. | BANKNET |
| B. | SWIFT |
| C. | MICR |
| D. | None of these |
| Answer» B. SWIFT | |
| 938. |
*/*_What are the various facilities offered by banks through Tele banking?? |
| A. | Balance enquiries and Transfer of funds |
| B. | Enquiries about collection or specific credits/debits transaction |
| C. | Request for statement of accounts |
| D. | All of the above |
| Answer» E. | |
| 939. |
*/*_Who can file a criminal case against the drawer of a dishonoured cheque?? |
| A. | The payee |
| B. | The holder in due course |
| C. | Both of the above |
| D. | The paying banker |
| Answer» D. The paying banker | |
| 940. |
*/*_Bancassurance means? |
| A. | Distribution of Insurance policies both life and non-life, by banks as corporate agents through their branches. |
| B. | Assurance given by banks to its customers. |
| C. | Life policy issued to the bank on the life of their staff |
| D. | Assurance given to bank by general insurance companies for insuring assets of the banks. |
| Answer» B. Assurance given by banks to its customers. | |
| 941. |
*/*_Real time gross settlement system means a payment system in which? |
| A. | Both processing and final settlement of funds transfer instructions can take place continuously |
| B. | Final transaction takes place at the end of the day |
| C. | Final payment is physically effected within 24 hrs. |
| D. | Final settlement of funds take place at 3 PM daily |
| Answer» B. Final transaction takes place at the end of the day | |
| 942. |
*/*_Scheduled bank refers to a bank? |
| A. | Authoriesd by central government to transaction government business |
| B. | Registered with ministry of finance, Govt. of India |
| C. | Which is included in the second schedule to the RBI act, 1934 |
| D. | Incorporated as a cooperative society |
| Answer» D. Incorporated as a cooperative society | |
| 943. |
%_FCCB stands for_% |
| A. | Foreign currency convertible bonds |
| B. | Forex currency convertible bonds |
| C. | Form currency convertible bonds |
| D. | Future currency convertible bonds |
| Answer» B. Forex currency convertible bonds | |
| 944. |
%_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 | |
| 945. |
%_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. | |
| 946. |
%_“The termination of an insurance policy due to non-payment of premium” is technically called as?_% |
| A. | Death |
| B. | Lapse |
| C. | Forfeiture |
| D. | Seize |
| Answer» C. Forfeiture | |
| 947. |
%_Smart card can be_% |
| A. | an embedded circuit with micro processor chip embedded in it so that it could perform calculations maintain records and act as electronic pursue. |
| B. | built in facility for protection against fraudulent operations |
| C. | can either be rechargeable or exchangeable |
| D. | All of the above |
| Answer» E. | |
| 948. |
%_The difference between the outflow and inflow of foreign currency is known as ___(A) Foreign Exchange Reserves (B) Current Account Deficit(C) Fiscal Deficit(D) Balance of Payments_% |
| A. | Only A |
| B. | Only B |
| C. | Only C |
| D. | Only D |
| Answer» C. Only C | |
| 949. |
%_A joint account mandates both account holders to sign,it means that - (A) Any deposit made must be signed by both parties.(B) Any withdrawal made must be signed by both parties. (C) Any deposit and withdrawal made must be signed by both parties._% |
| A. | Only A |
| B. | Only B |
| C. | Only C |
| D. | Both B and C |
| Answer» C. Only C | |
| 950. |
%_Base Rate regime was introduced with effect from_% |
| A. | 1st August 2009 |
| B. | 1st July 2009 |
| C. | 1st August 2010 |
| D. | 1st July 2010 |
| Answer» E. | |