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.
| 1051. |
_Factoring is$? |
| A. | a means of financing traders and manufactures by taking over their receivables |
| B. | a means of providing post-shipment finance to exporters |
| C. | a type of agriculture financing |
| D. | None of these |
| Answer» B. a means of providing post-shipment finance to exporters | |
| 1052. |
_Which of the following fall under the qualitative method of credit control adopted by RBI?$? |
| A. | Selective credit control |
| B. | Moral suasion |
| C. | Credit authorization scheme |
| D. | All of the above |
| Answer» E. | |
| 1053. |
_Which of the following is not a part of the scheduled banking structure in India?$? |
| A. | Public Sector Banks |
| B. | Moneylenders |
| C. | Private Sector Banks |
| D. | Regional Rural Bank |
| Answer» C. Private Sector Banks | |
| 1054. |
_Banks in India are governed by BR Act 1949. What does 'BR' stands for?$? |
| A. | Banks Registration |
| B. | Banking Re-organization |
| C. | Banking Regulation |
| D. | Banking Rights |
| Answer» D. Banking Rights | |
| 1055. |
_Which of the following entities did not get the licence to run Payment Bank$? |
| A. | Aditya Birla Nuvo Limited |
| B. | Sun Pharma |
| C. | Fino PayTech Limited |
| D. | Videocon d2h |
| Answer» E. | |
| 1056. |
_"ASBA" stands for$? |
| A. | Application supported by bank account |
| B. | Application supported by balance account |
| C. | Application supported by blocked account |
| D. | Application supported by blocked amount |
| Answer» E. | |
| 1057. |
_How much quantity of coins to be minted decided by$? |
| A. | RBI |
| B. | Union government |
| C. | SBI |
| D. | IRDA |
| Answer» C. SBI | |
| 1058. |
_The Deposit Insurance Act came in to force in on 1st January$? |
| A. | 1954 |
| B. | 1948 |
| C. | 1979 |
| D. | 1962 |
| Answer» E. | |
| 1059. |
_Capital market is a market which deals in$? |
| A. | Short-term funds |
| B. | Long-term funds |
| C. | Gilt-edge securities |
| D. | None of these |
| Answer» C. Gilt-edge securities | |
| 1060. |
_What does FSDC stand for?$? |
| A. | Financial Security and Development Council |
| B. | Financial Stability and Development Council |
| C. | Fiscal Security and Development Council |
| D. | Fiscal Stability and Development Council |
| Answer» C. Fiscal Security and Development Council | |
| 1061. |
_Narrow banking means$? |
| A. | The bank branch which has narrow corridors |
| B. | the bank situated in narrow street |
| C. | the bank which accepts deposits and invests the amount in government securities |
| D. | the bank which only lends loans and not accepts any deposits from the public |
| Answer» D. the bank which only lends loans and not accepts any deposits from the public | |
| 1062. |
_Which of the following statements is incorrect regarding RTGS system?$? |
| A. | The transactions take place in real time |
| B. | The system operates on DNS (Deferred Net Settlement) basis |
| C. | The minimum amount that can be remitted is Rs. 2 lakh |
| D. | Service charges for RTGS transactions vary from one bank to another |
| Answer» C. The minimum amount that can be remitted is Rs. 2 lakh | |
| 1063. |
_Payment of a cheque may be countermanded by the ___$? |
| A. | Payee |
| B. | True owner |
| C. | Drawee |
| D. | Drawer |
| Answer» E. | |
| 1064. |
_CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on the recommendations of:$? |
| A. | Narashimham Committee |
| B. | Ghosh Committee |
| C. | Chore Committee |
| D. | Kapoor Committee |
| Answer» E. | |
| 1065. |
_Under which of the following methods of depreciation, amount of depreciation varies every year?$? |
| A. | Written Down Value Method |
| B. | Straight Line Method |
| C. | Amount of depreciation does not vary on year to year basis |
| D. | Either a or b |
| Answer» B. Straight Line Method | |
| 1066. |
_When a banker talks about CDR, what is he talking about?$? |
| A. | Corporate Debt Restructuring |
| B. | Corporate Debt Rollover |
| C. | Company Debt Rollover |
| D. | Corporate Deposit Restructuring |
| Answer» B. Corporate Debt Rollover | |
| 1067. |
_When two parties make an arrangement to exchange future cash flows, it is called:$? |
| A. | Options |
| B. | Arbitrage |
| C. | Swap |
| D. | Futures |
| Answer» D. Futures | |
| 1068. |
Companies whose main business is not financing or lending are permitted to accept deposits under section 45(s) of RBI Act only from:$? |
| A. | Public |
| B. | Relatives in the from of loans |
| C. | Friends |
| D. | None of these |
| Answer» B. Relatives in the from of loans | |
| 1069. |
Which one is not the Government Securities ?$? |
| A. | T- Bill. |
| B. | Floating rate Bonds |
| C. | Dated Securities |
| D. | Call/Put Option Bonds. |
| Answer» B. Floating rate Bonds | |
| 1070. |
In Take Out Financing there is/are how many parties involve ?$? |
| A. | One |
| B. | Two |
| C. | Three |
| D. | Four |
| Answer» D. Four | |
| 1071. |
Which statement is not correct about Capital Adequacy Ratio ?$? |
| A. | It is a thermometer of Bank’s Health. |
| B. | It is the ratio of its Capital to its Risk. |
| C. | It can indicate the Capacity of the Bank’s ability to absorb the possible losses. |
| D. | A good CAR makes vulnerable to the Depositors and lose faith in the banking system. |
| Answer» E. | |
| 1072. |
Cryptocurrency is a _______ .$? |
| A. | Plastic Money. |
| B. | Digital Medium of Exchange |
| C. | Digital payment |
| D. | Both A & B |
| Answer» C. Digital payment | |
| 1073. |
Mutual funds are required to be registered with:$? |
| A. | AMFI |
| B. | SEBI |
| C. | IBA |
| D. | RBI |
| Answer» C. IBA | |
| 1074. |
What is meant by development Oriented banking?$? |
| A. | Infrastructure financing |
| B. | Extending loans to States, which are un-development |
| C. | Taking up the task of development of the economy by providing support to under privileged sections of the society |
| D. | None of these |
| Answer» D. None of these | |
| 1075. |
What does the DICGC insure?$? |
| A. | Any amount due on account of any deposit received outside India. |
| B. | Deposits of Central/State Governments |
| C. | Deposits of foreign Governments |
| D. | None of these |
| Answer» E. | |
| 1076. |
What does Deficit financing mean?$? |
| A. | Government of India borrows from World Bank |
| B. | Government of India borrows from IMF |
| C. | Government of India borrows from SBI |
| D. | Government of India borrows from RBI |
| Answer» E. | |
| 1077. |
The Money market include$? |
| A. | Treasury bills |
| B. | Cash Management bills |
| C. | Commercial papers |
| D. | All of above |
| Answer» E. | |
| 1078. |
National Spot Exchange (NSEL) is the news for defaulting payments to investors. Who is the founder promoter of FT?$? |
| A. | Jignesh Shah |
| B. | Harshad Mehta |
| C. | Ketan Parekh |
| D. | A K Telgi |
| Answer» B. Harshad Mehta | |
| 1079. |
The Reserve Bank hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) from the earlier cap of 49 percent to?$? |
| A. | 74 % |
| B. | 47 % |
| C. | 57 % |
| D. | 72 % |
| Answer» B. 47 % | |
| 1080. |
What is the full form of 'FINO', a term we see frequently in financial newspapers?$? |
| A. | Financial Investment Network and Operations |
| B. | Farmer's Investment in National Organization |
| C. | Farmers Inclusion News and Operations |
| D. | Financial Inclusion Network and Operations |
| Answer» B. Farmer's Investment in National Organization | |
| 1081. |
Expand the term FRBM?$? |
| A. | Financial Responsibility and Business management |
| B. | Fiscal Responsibility and Business management |
| C. | Financial Responsibility and Budget Management |
| D. | Fiscal Responsibility and Budget Management |
| Answer» E. | |
| 1082. |
What is NOT true with regard to Currency Chests in India?$? |
| A. | They are managed by different banks on behalf of RBI |
| B. | Deposits in Currency Chests are taken into account for calculation of CRR (Cash Reserve Ratio) |
| C. | Standard Chartered Bank a Foreign Bank also maintains Currency Chest |
| D. | None of the above |
| Answer» E. | |
| 1083. |
The currency notes of which of the following denominations are not printed in India?$? |
| A. | Rs. 5 |
| B. | Rs. 10 |
| C. | Rs. 50 |
| D. | Rs. 2500 |
| Answer» E. | |
| 1084. |
_____ is raised in capital markets.$? |
| A. | Funds through long term securities |
| B. | Long term loans through Govt. securities |
| C. | Medium term loans |
| D. | Short - term instruments |
| Answer» B. Long term loans through Govt. securities | |
| 1085. |
SLR is maintained as a percentage of$? |
| A. | Time liabilities |
| B. | Demand liabilities |
| C. | Net demand and time Liabilities |
| D. | Time and Demand liabilities |
| Answer» D. Time and Demand liabilities | |
| 1086. |
Depreciation of an asset occurs due to$? |
| A. | Fire in the unit |
| B. | Theft |
| C. | Labour Trouble |
| D. | Wear and tear |
| Answer» E. | |
| 1087. |
Crossing on a cheque can be cancelled by the ________ of the cheque, under his full signature.$? |
| A. | payee |
| B. | drawee |
| C. | endorser |
| D. | drawer |
| Answer» E. | |
| 1088. |
Which bank bagged the Core Banking System Initiative Award for the year 2014 at the Asian Banking and Finance - Retail Banking Awards 2014?$? |
| A. | SBI |
| B. | ICICI Bank |
| C. | Bharathiya Mahila Bank |
| D. | Standard Bank |
| Answer» D. Standard Bank | |
| 1089. |
To make KCC a Smart Card cum Debit Card, Government of India had constituted a Working Group under the Chairmanship of$? |
| A. | C. Ranga Rajan |
| B. | Chanda Kocchar |
| C. | Arundhathi Bhattacharya |
| D. | T.M. Bhasin |
| Answer» E. | |
| 1090. |
A collection of investment tools such as stocks, shares, mutual funds, bonds, cash and so on depending on the investor's income, budget and convenient time frame. The art of selecting the right investment policy for the individuals in terms of minimum risk and maximum return is called as$? |
| A. | Portfolio management |
| B. | Credit creation |
| C. | Amortized management |
| D. | Zero account |
| Answer» B. Credit creation | |
| 1091. |
Which of the following institutions is involved mainly in granting Housing Loans?$? |
| A. | RBI |
| B. | SBI |
| C. | HDFC |
| D. | ICICI |
| Answer» D. ICICI | |
| 1092. |
The securities that the Banks purchase with the intention of keeping them till they mature, fall in which of the following categories ?$? |
| A. | Held till maturity |
| B. | Fixed securities |
| C. | Fixed time securities |
| D. | Permanent securities |
| Answer» B. Fixed securities | |
| 1093. |
Lending to Micro Finance Institutions by banks is considered as finance to$? |
| A. | Non priority sector |
| B. | priority sector |
| C. | commercial sector |
| D. | Agriculture sector |
| Answer» C. commercial sector | |
| 1094. |
Real Time Gross Settlement System means a payment system in which$? |
| 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 hours |
| D. | final settlement of funds take place at 3 PM daily |
| Answer» B. final transaction takes place at the end of the day | |
| 1095. |
Expand the term ALM as used in Banking/Finance sector ?$? |
| A. | Asset Liability Maturity |
| B. | Asset Liability Mismatch |
| C. | Asset Liability Management |
| D. | Asset Liability Manpower |
| Answer» D. Asset Liability Manpower | |
| 1096. |
Which of the following is a measure taken by Reserve Bank of India to control inflation in our country?$? |
| A. | Increase in CRR |
| B. | Increase in SLR |
| C. | Contraction of supply of currency |
| D. | Raising of Repo/ Reserve Repo Rate |
| Answer» D. Raising of Repo/ Reserve Repo Rate | |
| 1097. |
Who is primarily liable on a cheque?$? |
| A. | Drawer |
| B. | Paying banker |
| C. | Collection banker |
| D. | Everybody who touches the cheque |
| Answer» B. Paying banker | |
| 1098. |
Banks usually collect penal rate of interest on ____ for the premature withdrawal of fixed deposits?$? |
| A. | Principal |
| B. | Rate of interest |
| C. | Minimum deposit amount |
| D. | Maturity amount |
| Answer» C. Minimum deposit amount | |
| 1099. |
For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for?$? |
| A. | Equated Money Index |
| B. | Easy Money Installment |
| C. | Equated Monthly Installment |
| D. | Equal Monthly Installment |
| Answer» D. Equal Monthly Installment | |
| 1100. |
Slogan of poverty Abolition was given in which Five Year Plan?$? |
| A. | First five year plan |
| B. | Second five year plan |
| C. | Third five year plan |
| D. | Fifth fiver year plan |
| Answer» E. | |