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.
| 151. |
While investing in mutual funds we come across a term called NAV. What is the meaning of NAV? |
| A. | et Annual Value |
| B. | on Asset Value |
| C. | et Actual Value |
| D. | et Asset Value |
| Answer» E. | |
| 152. |
Many a times we read in the news paper about CASA deposits of banks. CASA deposits are |
| A. | emand deposits |
| B. | erm deposits |
| C. | ybrid deposits |
| D. | ecurring deposits |
| Answer» B. erm deposits | |
| 153. |
For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for? |
| A. | quated Money Index |
| B. | asy Money Installment |
| C. | quated Monthly Installment |
| D. | qual Monthly Installment |
| Answer» D. qual Monthly Installment | |
| 154. |
What is ‘STT’? |
| A. | tandard Transaction Tax |
| B. | ecurities Transaction tax |
| C. | ecurities Transfer tax |
| D. | tandard Transfer tax |
| Answer» C. ecurities Transfer tax | |
| 155. |
Base Rate regime was introduced with effect from |
| A. | st August 2009 |
| B. | st July 2009 |
| C. | st August 2010 |
| D. | st July 2010 |
| Answer» E. | |
| 156. |
What does CRISIL stand for? |
| A. | redit Rating and Industrial Services of India Limited |
| B. | ash Rating and Industrial Services of India Limited |
| C. | redit Rating and Investment Services of India Limited |
| D. | urrency Rating and Investment Services of India Limited |
| Answer» D. urrency Rating and Investment Services of India Limited | |
| 157. |
What does WPI stand for? |
| A. | holesale Price Index |
| B. | holesale Price India |
| C. | holesale Price International |
| D. | holesale Price Industrial |
| Answer» B. holesale Price India | |
| 158. |
Which among the following schemes of the Government was launched with an objective of a slum free India?(A)Indira Awas Yojana(B)Rajiv Awas Yojana(C)Ambedkar Awas Yojana(D)Grahalaxmi Scheme |
| A. | nly A |
| B. | nly B |
| C. | nly C |
| D. | nly D |
| Answer» C. nly C | |
| 159. |
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. | nly A |
| B. | nly B |
| C. | nly C |
| D. | nly D |
| Answer» C. nly C | |
| 160. |
Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within ________. |
| A. | 0 Days |
| B. | 0 Days |
| C. | 5 Days |
| D. | 0 Days |
| Answer» D. 0 Days | |
| 161. |
Which one of the following was the purpose of the appointment of Rangachary committee?(A)Taxation of software Development Centres & IT Sector.(B)Taxation of Biotechnology and Pharmacy sector.(C)Taxation of MSME sector. |
| A. | nly A |
| B. | nly B |
| C. | nly C |
| D. | oth B and C |
| Answer» B. nly B | |
| 162. |
Central Bank of India was the first public bank to introduce: |
| A. | redit card |
| B. | TM Card |
| C. | obile ATM |
| D. | nternet Banking Facility |
| Answer» B. TM Card | |
| 163. |
"CRAR" stands for? |
| A. | urrency to risk weighted assets ratio |
| B. | apital to risk weighted assets ratio |
| C. | apital to risk weighted accurate ratio |
| D. | apital to rest weighted assets ratio |
| Answer» C. apital to risk weighted accurate ratio | |
| 164. |
Certificate of Deposit (CD) is a _____ instrument. |
| A. | hort term |
| B. | ong term |
| C. | egotiable money market |
| D. | nsecured money market |
| Answer» D. nsecured money market | |
| 165. |
What is the role of the Credit Bureau?(A)Blacklist borrowers with bad credit record.(B)Collects credit information on borrowers and supplies the information back to lenders.(C)Gives credit assessment of borrowers.(D)Dictates credit decisions of financial institutions. |
| A. | nly A |
| B. | nly B |
| C. | nly C |
| D. | nly D |
| Answer» C. nly C | |
| 166. |
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. | nly A |
| B. | nly B |
| C. | nly C |
| D. | oth B and C |
| Answer» C. nly C | |
| 167. |
Which of the statement on Islamic banking is incorrect?(A)Islamic banking is only for Muslims.(B)Islamic banking activity do not allow paying and receiving of interest.(C)Islamic banking promotes the principle of profit sharing between banking institution and depositor. |
| A. | nly A |
| B. | nly B |
| C. | nly C |
| D. | oth B and C |
| Answer» B. nly B | |
| 168. |
In India, the Chit funds are governed / regulated by ___. |
| A. | BI |
| B. | entral Government |
| C. | tate Governments |
| D. | ocal Bodie |
| Answer» D. ocal Bodie | |
| 169. |
World Photography day is observed on : |
| A. | 7th August |
| B. | 9th August |
| C. | 0th August |
| D. | 2nd August |
| Answer» C. 0th August | |
| 170. |
Non-bank entities must have net worth of at least how much to be eligible for operating white label ATMs : |
| A. | s. 100 cr. |
| B. | s. 200 cr. |
| C. | s. 300 cr. |
| D. | s. 400 cr. |
| Answer» B. s. 200 cr. | |
| 171. |
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. | redit Financing. |
| B. | ebt Financing |
| C. | eficit Financing. |
| D. | nternal Debt. |
| Answer» D. nternal Debt. | |
| 172. |
What is the relationship between a bank and customer when a locker is rented out by a bank to a person : |
| A. | ailor and Bailee |
| B. | ailee and Bailor |
| C. | rincipal and Agent |
| D. | essee and Lessor |
| Answer» E. | |
| 173. |
The Banking Ombudsman– |
| A. | s in charge of bank loans for buses |
| B. | ixes the rates of interest for loans |
| C. | esolves complaints of customers |
| D. | ssues license for new bank branches |
| E. | s the head of all nationalised banks |
| Answer» D. ssues license for new bank branches | |
| 174. |
What are ‘Open Market Operations"? |
| A. | ctivities of SEBI¬registered brokers |
| B. | elling of currency by the RBI |
| C. | elling of gilt¬edged securities by the government |
| D. | ale of share by FIIs |
| Answer» D. ale of share by FIIs | |
| 175. |
“The termination of an insurance policy due to non-payment of premium” is technically called as? |
| A. | eath |
| B. | apse |
| C. | orfeiture |
| D. | eize |
| Answer» C. orfeiture | |
| 176. |
In regards to insurance, “A policy provision that allows a policy to be restored from a lapsed status and resume active coverage” is termed as? |
| A. | eaffirmation |
| B. | einsurance |
| C. | einstatement |
| D. | evocation |
| Answer» D. evocation | |
| 177. |
ASBA is a mechanism for subscribing to applications in Initial Public Offerings (IPOs). ASBA stands for |
| A. | pplication Supported by Blocked Amount |
| B. | pplication Submitted with Blocked Amount |
| C. | cquired Shares by Blocked Amount |
| D. | pplication Supported by Balance Amount |
| Answer» B. pplication Submitted with Blocked Amount | |
| 178. |
Consider the following with respect to the term 'Core Inflation':A) Core Inflation is the inflation rate of a particular basket of commodities.B) Core Inflation is the sudden increase in prices of certain items of food grains.C) Core inflation is caused by supply shock in certain essential commodities. |
| A. | nly A |
| B. | nly B |
| C. | nly C |
| D. | nly A and B |
| Answer» B. nly B | |
| 179. |
The Securitization And Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) meant for recovery of loans which have become NPAis not applicable to: |
| A. | rivate Banks |
| B. | on – Banking Financial Companies |
| C. | inancial Institutes of the Govt. |
| D. | ublic Sector banks |
| Answer» C. inancial Institutes of the Govt. | |
| 180. |
The power of the commercial banks to expand deposits through expanding their loans and advances is known as ____. |
| A. | apital Expansion |
| B. | redit Expansion |
| C. | redit control |
| D. | redit Creation |
| Answer» E. | |
| 181. |
As a practice, all banks now deduct some amount from their pre- tax income and set aside in a separate account to create a cushion for the loans which may go bad. This is called: |
| A. | RR |
| B. | LR |
| C. | rovisioning |
| D. | LR |
| Answer» D. LR | |
| 182. |
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. | nly A |
| B. | nly B |
| C. | and B |
| D. | nly C |
| Answer» D. nly C | |
| 183. |
Which of the following is the Capital Market regulator? |
| A. | BI |
| B. | SE |
| C. | EBI |
| D. | SE |
| Answer» D. SE | |
| 184. |
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. | s. 10.00 lakhs |
| B. | s. 5.00 lakhs |
| C. | s.100 lakhs |
| D. | s. 5 lakhs |
| Answer» D. s. 5 lakhs | |
| 185. |
With the aim of achieving Financial Inclusion, Reserve Bank Of India has issued guidelines permitting the banks to employ ____ to facilitate Business Development. |
| A. | usiness Correspondents |
| B. | ranchisees |
| C. | usiness Facilitators |
| D. | oth a and c |
| Answer» E. | |
| 186. |
Expand DRI related to a scheme meant for weaker section of our country. |
| A. | ifferent rate of interest |
| B. | ifferent ration for Indians |
| C. | ifferent rate of interest-bond |
| D. | ifferential rate of interest |
| Answer» E. | |
| 187. |
Reserve Bank of India was setup on the recommendations of which of the following commission/committee? |
| A. | oyal Commission |
| B. | ilton Young Commission |
| C. | antwala Committee |
| D. | R Mehta Commission |
| Answer» C. antwala Committee | |
| 188. |
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. | otice Money Market |
| B. | all Money Market |
| C. | ill Market |
| D. | oney Market |
| Answer» C. ill Market | |
| 189. |
Which of the below acts as the principle regulator in the capital market in India? |
| A. | RDA |
| B. | BI |
| C. | IDBI |
| D. | EBI |
| Answer» E. | |
| 190. |
The Bank for International Settlements (BIS) which provides the Banking supervision accords is located in which country |
| A. | ngland |
| B. | SA |
| C. | rance |
| D. | witzerland |
| Answer» E. | |
| 191. |
Self Help Group (SHG) Bank Linkgage programme was first launched by |
| A. | RBs |
| B. | ABARD |
| C. | BI |
| D. | BI |
| Answer» C. BI | |
| 192. |
CASA ratio is the ratio of deposits in which accounts of a bank to its total deposits ? |
| A. | urrent account |
| B. | aving account |
| C. | ecurring accounts |
| D. | oth 1 & 2 |
| Answer» E. | |
| 193. |
Gilt-edged securities market is the market for government and semi-government securities. These securities carry |
| A. | loating interest rate |
| B. | ixed interest rate |
| C. | ixed as well as floating interest rate |
| D. | o interest rate at all |
| Answer» C. ixed as well as floating interest rate | |
| 194. |
Under the second phase of nationalization, 07 banks were nationalized. Their deposits were over ________ crore. |
| A. | 00 |
| B. | 50 |
| C. | 00 |
| D. | 00 |
| Answer» D. 00 | |
| 195. |
Which of the following happened to be the first private bank in India to receive an in-principle approval from RBI? |
| A. | DFC Bank |
| B. | CICI Bank |
| C. | es Bank |
| D. | nited Western Bank |
| Answer» B. CICI Bank | |
| 196. |
Which of the following is a third party product often sold by banks? |
| A. | ift cheques |
| B. | redit cards |
| C. | ebit cards |
| D. | utual funds |
| Answer» E. | |
| 197. |
Which of the following is a measure taken by Reserve Bank of India to control inflation in our country? |
| A. | aising of Repo / Reverse Repo Rate |
| B. | ncrease in CRR |
| C. | ncrease in SLR |
| D. | ontraction of supply of currency |
| Answer» B. ncrease in CRR | |
| 198. |
Which one of the following is not a salient feature of debit card? |
| A. | o bad debts to banks and no suits for recovery |
| B. | o interest earning for banks |
| C. | orks like a normal withdrawal slip |
| D. | 5 days credit is given to the card holder |
| Answer» E. | |
| 199. |
Largest shareholder (in percentage shareholding) of a nationalized bank is: |
| A. | BI |
| B. | ABARD |
| C. | ICI |
| D. | ovt. of India |
| Answer» E. | |
| 200. |
Your Perfect banking Partner is the punch line of ______ Bank. |
| A. | ank of Maharastra |
| B. | TI Bank |
| C. | OB |
| D. | ederal Bank |
| Answer» E. | |