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.
| 1151. |
Expand DRI related to a scheme meant for weaker section of our country.? |
| A. | Different rate of interest |
| B. | Different ration for Indians |
| C. | Different rate of interest-bond |
| D. | Differential rate of interest |
| Answer» E. | |
| 1152. |
As per the report published in the newspaper, the banks, particularly public sector banks are tying up with various rating agencies for providing a qualitative assessment of the credit needs of the borrowers. Which amongst the following is/ are such credit rating agencies in India? A. CAREB. CRISILC. ULIP? |
| A. | Only A |
| B. | Only B |
| C. | A and B |
| D. | Only C |
| Answer» D. Only C | |
| 1153. |
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. | |
| 1154. |
With the aim of achieving Financial Inclusion, Reserve Bank Of India has issued guidelines permitting the banks to employ ____ to facilitate Business Development.? |
| A. | Business Correspondents |
| B. | Franchisees |
| C. | Business Facilitators |
| D. | Both a and c |
| Answer» E. | |
| 1155. |
Which of the following is the Capital Market regulator?? |
| A. | RBI |
| B. | NSE |
| C. | SEBI |
| D. | BSE |
| Answer» D. BSE | |
| 1156. |
For issuing notes, RBI has required to hold the minimum reserve of Rs. 200 crore of which not lesss than Rs. ______ crore to be hold in gold.? |
| A. | 85 |
| B. | 100 |
| C. | 115 |
| D. | 125 |
| Answer» D. 125 | |
| 1157. |
Where the signature of the drawer of a cheque is not genuine , such a cheque is called? |
| A. | Post dated cheque |
| B. | Stale cheque |
| C. | Forged cheque |
| D. | All of the above |
| Answer» D. All of the above | |
| 1158. |
Which of the following does not constitute ‘payment in due course’?? |
| A. | Payment of a post-dated cheque |
| B. | Payment of a crossed cheque across the counter |
| C. | Payment of a cheques the payment of which has been countermanded |
| D. | All of the above |
| Answer» E. | |
| 1159. |
How many banks in India have joined the international telecommunication network of SWIFT?? |
| A. | 249 |
| B. | 46 |
| C. | 28 |
| D. | 19 |
| Answer» C. 28 | |
| 1160. |
Full form of ERNET is? |
| A. | England’s Remote Network |
| B. | Engineering and Research Network |
| C. | Educational and Research Network |
| D. | External and Regular Network |
| Answer» D. External and Regular Network | |
| 1161. |
________ is India’s largest Wide Area Network.? |
| A. | RBINET |
| B. | NICNET |
| C. | INET |
| D. | Bank Net |
| Answer» C. INET | |
| 1162. |
In banking services, which are the major characteristics affecting the channel selection? |
| A. | Intangibility |
| B. | Inseparability |
| C. | Perish ability |
| D. | All of the above |
| Answer» E. | |
| 1163. |
In India, which among the following is/are a part of Legal Tender Money?? |
| A. | Both coins and currency notes |
| B. | Both coins and bank drafts |
| C. | Both currency notes and SDRs |
| D. | Only currency notes issued by RBI |
| Answer» B. Both coins and bank drafts | |
| 1164. |
Which of the following were considered to be compelling reasons for bank Nationalization?? |
| A. | Concentration of wealth and economic power in the hands of industrialists and business |
| B. | Branch expansion was confined to urban areas and rural area were being neglected |
| C. | Sectors like agriculture small scale industries and the other deserving sectors were outside the purview of bank lending operations |
| D. | Above all |
| Answer» E. | |
| 1165. |
In the case of advances against fixed deposits receipts of the bank? |
| A. | deposit represented by the receipt is assigned to the bank |
| B. | deposit receipt is pledged to the bank |
| C. | deposit receipt is hypothecated to the bank |
| D. | A lien is created on the deposit receipts in favour of the bank |
| Answer» E. | |
| 1166. |
The lowering of Bank Rate by the Reserve Bank of India leads to? |
| A. | More liquidity in the market |
| B. | Less liquidity in the market |
| C. | No change in the liquidity in the market |
| D. | Mobilization of more deposits by commercial banks |
| Answer» B. Less liquidity in the market | |
| 1167. |
What is India's Apex Tax body?? |
| A. | CBDT |
| B. | GAAR |
| C. | IT Department |
| D. | RBI |
| Answer» B. GAAR | |
| 1168. |
The ability of commercial banks to increase their deposits by expanding their loans and advances is known as? |
| A. | Capital expansion |
| B. | Credit expansion |
| C. | Credit control |
| D. | Credit creation |
| Answer» E. | |
| 1169. |
Interest rate "Savings deposit" now a days is decided by? |
| A. | RBI |
| B. | SBI |
| C. | Respective Banks |
| D. | IBA |
| Answer» D. IBA | |
| 1170. |
How much maximum amount that is insured by "deposit insurance" credit corporation (DICGC)? |
| A. | Rs. 50000 |
| B. | Rs. 100000 |
| C. | Rs. 10000 |
| D. | Rs. 500000 |
| Answer» C. Rs. 10000 | |
| 1171. |
Which committee first time in India supported the concept of Insuring Deposits?? |
| A. | Rural Banking Deposit Committee |
| B. | Urban Banking Enquiry Committee |
| C. | Rural Banking Enquiry Committee |
| D. | SBI Rural Banking Enquiry Committee |
| Answer» D. SBI Rural Banking Enquiry Committee | |
| 1172. |
The objectives of forming SHG is (i) to build mutual trust and confidence between the bankers and the rural poor people.(ii) to encourage banking activities, both on the thrift as well as credit sides, in a segment of the population that the formal financial institutions usually find difficult to cover.(iii) to meet the needs of the poor by combining the flexibility, sensitivity and responsiveness of the informal credit system with the strength of technical and administrative capabilities and financial resources of the formal credit institutions.? |
| A. | i only |
| B. | i and ii |
| C. | i and iii |
| D. | ii and iii |
| Answer» D. ii and iii | |
| 1173. |
“Micro Credits” are loans? |
| A. | granted to distressed person (other than farmers) to pre-pay their debt to non- institutional lenders against appropriate collateral or group security, |
| B. | not exceeding 50.000 per borrower provided by banks |
| C. | both (1) and (2) |
| D. | None of these |
| Answer» D. None of these | |
| 1174. |
The returned non resident Indians are permitted to open the following accounts? |
| A. | Non resident external account |
| B. | Non resident ordinary account |
| C. | RFC account |
| D. | FCNR account |
| Answer» D. FCNR account | |
| 1175. |
A scheduled bank must be? |
| A. | 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» C. A company as defined by Companies Act, 2013 | |
| 1176. |
Hypothecation is: |
| A. | A transaction of conditional sale |
| B. | A legal transaction whereby goods may be made available as security for a debt |
| C. | Transfer of ownership by the borrower to the lender |
| D. | None of the above |
| Answer» C. Transfer of ownership by the borrower to the lender | |
| 1177. |
First Indian Governor of the RBI: |
| A. | C.D. Deshmukh |
| B. | Sachindra Ray |
| C. | S. Mukherjee |
| D. | D.I.G. Patel |
| Answer» B. Sachindra Ray | |
| 1178. |
The largest financial conglomerate of India is: |
| A. | HDFC Bank |
| B. | ICICI Bank |
| C. | IFCI |
| D. | SBI |
| Answer» E. | |
| 1179. |
When does a person become insolvent? |
| A. | When he left with no property of his own |
| B. | When he declares an insolvent by the Court |
| C. | When he terminates from a job he was holding |
| D. | When he declares himself to be an insolvent |
| Answer» C. When he terminates from a job he was holding | |
| 1180. |
If a company, which is not a non - banking financial company wants to collect public deposits, it is governed by ___ Act |
| A. | RBI Act 1934 |
| B. | Banking companies Act |
| C. | Companies Act 1956 |
| D. | Central Government |
| Answer» D. Central Government | |
| 1181. |
Kelkar Committee Gave recommendations on ___________. |
| A. | Tax Structure Reforms |
| B. | Delisting in Share market |
| C. | Broad Frame work of Insurance Sector |
| D. | Company Law Reforms |
| Answer» B. Delisting in Share market | |
| 1182. |
In April 2013, A Bill has been introduced in the Lok Sabha to raise the authorised capital of the Regional Rural Banks to Rs _____ . |
| A. | 1000 Crore |
| B. | 500 Crore |
| C. | 2500 Crore |
| D. | 5 Crore |
| Answer» C. 2500 Crore | |
| 1183. |
Which one is not the most common objective of Banking regulations ? |
| A. | Systematic Risk Reduction |
| B. | Credit Allocation |
| C. | Prudential Objectives |
| D. | Market Discipline |
| Answer» E. | |
| 1184. |
Banking Companies are prohibited under Sec 8 of banking Regulation Act to sell and purchase securities. Yet Banks are selling securities (of the customer) which are under pledge as permitted by: |
| A. | Indian Contract Act |
| B. | SARFAESI Act |
| C. | Government Notification |
| D. | Banking Regulation Act |
| Answer» E. | |
| 1185. |
A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will: |
| A. | Note caution and will advice the payee to contact purchaser of the draft |
| B. | Not act on the request |
| C. | Stop payment |
| D. | Performs no action |
| Answer» B. Not act on the request | |
| 1186. |
When RBI reduce the CRR it results into |
| A. | Decrease in deposit |
| B. | Increase in deposit |
| C. | Increase in lendable resources |
| D. | Decrease in lendable resources |
| Answer» D. Decrease in lendable resources | |
| 1187. |
What is the maximum deposit amount insured by the DICGC (Deposit Insurance and Credit Guarantee Corporation)? |
| A. | Rupees One Lakh |
| B. | Rupees Two Lakh |
| C. | Rupees Three Lakh |
| D. | Rupees Five Lakh |
| Answer» B. Rupees Two Lakh | |
| 1188. |
Which of the following is not a contributing factor to micro-credits? |
| A. | KYC norms |
| B. | Collaterals |
| C. | Pre-payment charges |
| D. | EMI |
| Answer» C. Pre-payment charges | |
| 1189. |
Money market is a market for debt securities that pay off in the short term |
| A. | Usually less than two years. |
| B. | Usually less than three years. |
| C. | Usually less than one year. |
| D. | Usually less than five years. |
| Answer» D. Usually less than five years. | |
| 1190. |
What is NOT true with regard to 'Carbon Credit'? |
| A. | It represents the right of an Industry to emit certain quantity of Carbon Dioxide. |
| B. | Carbon Credits mechanism was formalized in Kyoto Protocol. |
| C. | Carbon Credits are currently traded on 5 exchanges across the globe. |
| D. | None of the above. |
| Answer» E. | |
| 1191. |
Which of the following has introduced a new tool named Data Warehousing and Business Intelligence System for speedy analysis of data and identification of violations? |
| A. | IRDA |
| B. | SBI |
| C. | RBI |
| D. | TRAI |
| Answer» C. RBI | |
| 1192. |
The minimum number of women required for formation of women groups under Development of women and children in Rural Areas Programme is? |
| A. | 20 |
| B. | 15 |
| C. | 10 |
| D. | 5 |
| Answer» D. 5 | |
| 1193. |
The New Capital Adequacy Frame work prescribed for the banks is commonly known as? |
| A. | KYC norms |
| B. | Credit Policy |
| C. | Basel accord |
| D. | Fiscal Policy |
| Answer» D. Fiscal Policy | |
| 1194. |
What is 'Packing Credit'? |
| A. | Finance extended to packing materials industry |
| B. | Finance extended to an Importer to pack the goods imported |
| C. | Finance extended to Warehouses for keeping the goods packages |
| D. | Finance extended to an Exporter to meet the costs of buying and/ or making products to be exported |
| Answer» E. | |
| 1195. |
Which of the following organizations/agencies works solely to monitor and arrange flow of agriculture credit in India? |
| A. | NABARD |
| B. | SIDBI |
| C. | RBI |
| D. | SEBI |
| Answer» B. SIDBI | |
| 1196. |
Regional Rural Banks have been set up with the basic objectives of |
| A. | Providing credit to semi - urban & urban population |
| B. | Providing deposits facilities to farmers |
| C. | Providing credit & deposit facilities to rural areas |
| D. | Providing credit, deposit and other banking facilities to people in rural areas |
| Answer» E. | |
| 1197. |
_____ do not attract TDS |
| A. | Recurring deposits |
| B. | Fixed deposits |
| C. | Reinvestment deposits |
| D. | NRO FDR |
| Answer» B. Fixed deposits | |
| 1198. |
The Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as the |
| A. | Exchange rate |
| B. | MIBOR |
| C. | Inter bank Call money rate |
| D. | Base rate |
| Answer» B. MIBOR | |
| 1199. |
Providing Gas subsidy, government pensions, providing scholarships etc through banks called as |
| A. | Area Banking |
| B. | Social Banking |
| C. | Royal Banking |
| D. | Visual Banking |
| Answer» C. Royal Banking | |
| 1200. |
Kisan Credit Card (KCC) scheme introduced in .................. has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle - free manner. |
| A. | 1998 |
| B. | 2000 |
| C. | 2001 |
| D. | 1991 |
| Answer» B. 2000 | |