MCQOPTIONS
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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.
| 951. |
%_"CRAR" stands for?_% |
| A. | Currency to risk weighted assets ratio |
| B. | Capital to risk weighted assets ratio |
| C. | Capital to risk weighted accurate ratio |
| D. | Capital to rest weighted assets ratio |
| Answer» C. Capital to risk weighted accurate ratio | |
| 952. |
%_Where is National Institute of Bank Management (NIBM) located?_% |
| A. | Nasik |
| B. | Mumbai |
| C. | Pune |
| D. | New Delhi |
| Answer» D. New Delhi | |
| 953. |
%_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. | |
| 954. |
_ What type of loan is granted by banks for purchase of white goods?$? |
| A. | Consumption loan |
| B. | Mortgage loan |
| C. | Consumer durables loan |
| D. | Home loan |
| Answer» D. Home loan | |
| 955. |
_ When the credit committee corporation was created?$? |
| A. | 1974 |
| B. | 1972 |
| C. | 1971 |
| D. | 1973 |
| Answer» D. 1973 | |
| 956. |
_ Which of the following is not a contributing factor to micro-credits?$? |
| A. | EMI |
| B. | Collaterals |
| C. | KYC norms |
| D. | Pre-payment charges |
| Answer» C. KYC norms | |
| 957. |
_ A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as$? |
| A. | investment banking |
| B. | specialized banking |
| C. | mobile banking |
| D. | national banking |
| Answer» C. mobile banking | |
| 958. |
_ FRBM Act stands for :$? |
| A. | Fiscal Revenue and Budget Management |
| B. | Foreign Revenue and Business Management |
| C. | Fiscal Responsibility and Budget Management |
| D. | Foreign Responsibility and Budget Management |
| Answer» D. Foreign Responsibility and Budget Management | |
| 959. |
_ The Know Your Customer (KYC) norms of opening a bank account has been relaxed for the accounts with minimum balance of$? |
| A. | Rs.1,00,000/- |
| B. | Rs.25,000/- |
| C. | Rs.50,000/- |
| D. | Rs.75,000/- |
| Answer» D. Rs.75,000/- | |
| 960. |
_ Banks generally borrow funds from which of the following money markets to meet the mandatory Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements as stipulated by the Central bank?$? |
| A. | Notice Money Market |
| B. | Call Money Market |
| C. | Bill Market |
| D. | Money Market |
| Answer» C. Bill Market | |
| 961. |
_ Who is having the major stakes in NABARD?$? |
| A. | RBI |
| B. | Central Government |
| C. | SBI |
| D. | Ministry of Finance |
| Answer» C. SBI | |
| 962. |
_ ACH is a nationwide automated electronic system that monitors and administers the process of cheques and fund clearance between banks. Expand ACH.$? |
| A. | Automatic Check Clearing House |
| B. | Automated Check House |
| C. | Automatic Clearing House |
| D. | Automated Clearing House |
| Answer» E. | |
| 963. |
_ The power of the commercial banks to expand deposits through expanding their loans and advances is known as ____.$? |
| A. | Capital Expansion |
| B. | Credit Expansion |
| C. | Credit control |
| D. | Credit Creation |
| Answer» E. | |
| 964. |
_ SME Stands for:$? |
| A. | Small and Medium Enterprises |
| B. | Selling and Marketing Establishment |
| C. | Selling and Managing Employee |
| D. | Sales and Marketing entity |
| Answer» B. Selling and Marketing Establishment | |
| 965. |
_ We know that RBI is the apex bank of India. Similarly the apex Bank of the USA is:$? |
| 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 | |
| 966. |
_ At present, the RBI issue notes in the denominations of Rs.$? |
| A. | 1, 2, 5, 10, 20, 50, 100 and 500 |
| B. | 1, 2, 5, 10, 20, 50, 500 and 1000 |
| C. | 2, 5, 10, 20, 50, 100, 500 and 1000 |
| D. | 2, 5, 10, 20, 50, 100, 1000 and 10000 |
| Answer» D. 2, 5, 10, 20, 50, 100, 1000 and 10000 | |
| 967. |
_ Which of the following methods is currently used in India to issue note?$? |
| A. | Fixed Fiduciary System |
| B. | Maximum Fiduciary System |
| C. | Percentage Reserve System |
| D. | Minimum Reserve System |
| Answer» E. | |
| 968. |
_ Who can file a criminal case against the drawer of a dishonoured cheque?$? |
| A. | The payee |
| B. | The holder in due course |
| C. | Both of the above |
| D. | The paying banker |
| Answer» D. The paying banker | |
| 969. |
_ Bancassurance means$? |
| 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. | |
| 970. |
_ What are the various facilities offered by banks through Tele banking?$? |
| A. | Balance enquiries and Transfer of funds |
| B. | Enquiries about collection or specific credits/debits transaction |
| C. | Request for statement of accounts |
| D. | All of the above |
| Answer» E. | |
| 971. |
_ Which of the following was set up as a exclusive data communication network for banks in terms of recommendations of committee on communication network of banks?$? |
| A. | BANKNET |
| B. | SWIFT |
| C. | MICR |
| D. | None of these |
| Answer» B. SWIFT | |
| 972. |
_ Smart card can be$? |
| A. | an embedded circuit with micro processor chip embedded in it so that it could perform calculations maintain records and act as electronic pursue. |
| B. | built in facility for protection against fraudulent operations |
| C. | can either be rechargeable or exchangeable |
| D. | All of the above |
| Answer» E. | |
| 973. |
_ Scheduled bank refers to a bank$? |
| A. | authorized 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 | |
| 974. |
_ The rate of interest on Savings Bank Account is decided by$? |
| A. | RBI |
| B. | Indian Banks Association |
| C. | Government of India |
| D. | The Concerned Bank |
| Answer» E. | |
| 975. |
_ In India, Scheduled Commercial Banks are those Banks included?$? |
| A. | In the 2nd Schedule of RBI Act 1934 |
| B. | In the 2nd Schedule of BR Act 1949 |
| C. | In the 2nd Schedule of NI Act 1881 |
| D. | In the 2nd Schedule of Companies Act 1956 |
| Answer» B. In the 2nd Schedule of BR Act 1949 | |
| 976. |
_ RBI has lifted a ban on carrying Indian bank notes of Rs 1,000 and 500 denominations to and from Nepal and Bhutan. RBI has put a limit on carrying such notes at Rs.__________ per person?$? |
| A. | 10000 |
| B. | 15000 |
| C. | 25000 |
| D. | 20000 |
| Answer» D. 20000 | |
| 977. |
_ FCCB stands for$? |
| 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 | |
| 978. |
_ RBI can issue bank notes of maximum denomination$? |
| A. | Rs. 1000 |
| B. | Rs. 500 |
| C. | Rs. 10000 |
| D. | Rs. 20000 |
| Answer» D. Rs. 20000 | |
| 979. |
_ Each depositor in a bank is insured up to a maximum of ....... by Deposit Insurance and Credit Guarantee Corporation (DICGC)?$? |
| A. | Rs. 2 lakh |
| B. | Rs.3 lakh |
| C. | Rs.5 lakh |
| D. | Rs.1 lakh |
| Answer» E. | |
| 980. |
_ Co-operative Banks in India are registered under(i) Banking laws (Co-operative Societies) Act. 1956(ii) Banking Regulations Act, 1949(iii) Companies Act, 1956 Select the correct answer using the following codes.$? |
| A. | only i |
| B. | i and ii |
| C. | ii and iii |
| D. | i, ii and iii |
| Answer» B. i and ii | |
| 981. |
_ In July 1969, how many Commercial Banks were nationalized?$? |
| A. | 13 |
| B. | 14 |
| C. | 15 |
| D. | 16 |
| Answer» C. 15 | |
| 982. |
_ In period of depression when the Reserve Bank desires to encourage the banking system to create more credit it$? |
| A. | reduces the bank rate |
| B. | raises the bank rate |
| C. | permits the bank rate to be decided by market forces |
| D. | All of the above |
| Answer» B. raises the bank rate | |
| 983. |
_ In TRIPS, what does ‘I’ stand for?$? |
| A. | Intellectual |
| B. | Information |
| C. | Indian |
| D. | Infra |
| Answer» B. Information | |
| 984. |
_ J.S. Verma Committee Report relates to:$? |
| A. | Strengthening of weak banks |
| B. | Corporate Governance |
| C. | Bank Mechanization |
| D. | None of the above |
| Answer» B. Corporate Governance | |
| 985. |
_ The primary relationship between the banker and the customer is that of:$? |
| A. | Trustee and beneficiary |
| B. | Debtor and Creditor |
| C. | Principal and agent |
| D. | Lesser and lessee |
| Answer» C. Principal and agent | |
| 986. |
_ Usually, the validity period of an Income Tax Refund Order is:$? |
| A. | 1 month |
| B. | 2 months |
| C. | 3 months |
| D. | 6 months |
| Answer» D. 6 months | |
| 987. |
_ Expand the term ALM as used in Banking/Finance sector?$? |
| A. | Asset Liability Management |
| B. | Asset Liability Maturity |
| C. | Asset Liability Mismatch |
| D. | Asset Liability Manpower |
| Answer» B. Asset Liability Maturity | |
| 988. |
_ Which of the following banks enjoys the reputation of being at the top in market capitalization among all the private banks?$? |
| A. | ICICI Bank |
| B. | HDFC Bank |
| C. | Axis Bank |
| D. | IDBI Bank |
| Answer» C. Axis Bank | |
| 989. |
_ Every Banking company is required to use the word Bank in its name and no company other than a Banking company can use the words Bank, Banker or Banking as a part of its name as per:$? |
| A. | Section 7 of Banking Regulation Act |
| B. | Section 7 of RBI Act |
| C. | Section 7 of SEBI Act |
| D. | Section 7 of Nationalization Act |
| Answer» B. Section 7 of RBI Act | |
| 990. |
_ Your Perfect banking Partner is the punch line of ______ Bank.$? |
| A. | Bank of Maharastra |
| B. | UTI Bank |
| C. | BOB |
| D. | Federal Bank |
| Answer» E. | |
| 991. |
_ In India, main Products of Retail Banking are ________.$? |
| A. | Loan products |
| B. | Card Products |
| C. | Deposit Products |
| D. | All of these |
| Answer» E. | |
| 992. |
_ In which year India become a member of Financial Action Task Force ?$? |
| A. | 1978 |
| B. | 2000 |
| C. | 2010 |
| D. | 1994 |
| Answer» D. 1994 | |
| 993. |
_ Computer Emergency Response Team India comes under ___________.$? |
| A. | Ministry of Communications and Information Technology |
| B. | Ministry of Commerce. |
| C. | RBI |
| D. | Department of Information & Technology. |
| Answer» B. Ministry of Commerce. | |
| 994. |
_ What is Yield Curve Risk?$? |
| A. | It is a line of graph plotting the yield of all maturities of a particular instrument. |
| B. | Yield curve changes its slope and shape from time to time. |
| C. | Yield curve can be twisted to the desired direction through the intervention of RBI. |
| D. | All of the above |
| Answer» E. | |
| 995. |
_ Principal functions of SIDBI$? |
| A. | Promotion of SSI |
| B. | Finance of SSI |
| C. | Development of SSI |
| D. | All the above |
| Answer» E. | |
| 996. |
_ Which is/ are the different categories under priority sector?$? |
| A. | Social Infrastructure |
| B. | Renewable Energy |
| C. | Micro, Small and Medium Enterprises |
| D. | All of above |
| Answer» E. | |
| 997. |
_ RBI revised premature deposit rules of which type of accounts?$? |
| A. | Kiddy accounts |
| B. | Current accounts |
| C. | Large value fixed deposit accounts |
| D. | Dollar savings accounts |
| Answer» D. Dollar savings accounts | |
| 998. |
_ Capital market is a market for long-term debt and equity shares. It is further divided in to?$? |
| A. | Secondary Market and Bull Market. |
| B. | Bull Market and Bell Market. |
| C. | Primary Market and Secondary Market. |
| D. | Primary Market and Government Cash Bond Market. |
| Answer» D. Primary Market and Government Cash Bond Market. | |
| 999. |
_ One of the Primary functions of IMF is to provide short term capital assistance to member countries through SDR (Special Drawing Rights). What is NOT true about SDR?$? |
| A. | Currency code of SDR is XDR |
| B. | SDR is the Unit of Account of IMF |
| C. | Asian Development Bank (ADB) also uses SDR as its Currency |
| D. | None of the above |
| Answer» E. | |
| 1000. |
_ The World Trade Organization (WTO) deals with the global rules of trade between nations. Who is the Director General of WTO?$? |
| A. | Roberto Azevedo |
| B. | Christine Legarde |
| C. | Raghuram Rajan |
| D. | Oliver Ralph Kahn |
| Answer» B. Christine Legarde | |