MCQOPTIONS
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MCQOPTIONS
This section includes 63 Mcqs, each offering curated multiple-choice questions to sharpen your GK knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Which of the following is India s first Credit Information Company? |
| A. | CRISIL |
| B. | SMERA |
| C. | ICRA |
| D. | CIBIL |
| Answer» E. | |
| 2. |
What are the Pre-Payment charges applied on paying personal loan before tenure period. |
| A. | 10% of the Principal |
| B. | 5% of the Principal |
| C. | 1-2% of the Principal |
| D. | 7% of the Principal |
| Answer» D. 7% of the Principal | |
| 3. |
Which of the following include the primary structure of the Mutual Funds? |
| A. | Open-end funds |
| B. | Unit Investment Trusts |
| C. | Exchange traded Funds |
| D. | All of the Above |
| Answer» E. | |
| 4. |
Which of the following countries has the largest Mutual Fund market in the World? |
| A. | USA |
| B. | Japan |
| C. | China |
| D. | Brazil |
| Answer» B. Japan | |
| 5. |
Corporate loans are offered to applicants who have established their business for how many years in India? |
| A. | 5 |
| B. | 6 |
| C. | 2 |
| D. | 7 |
| Answer» B. 6 | |
| 6. |
Which of the following acts regulates the underwriting process in India? |
| A. | RBI Act 1934 |
| B. | Securities and Exchanges Board of India (Underwriters) Regulations, 1993. |
| C. | Securities and Exchanges Board of India (Underwriters) Regulations, 2006. |
| D. | Both (B) and (C) |
| Answer» E. | |
| 7. |
What Street Name is used to refer to the RBI? |
| A. | Reserve Street |
| B. | Credit Street |
| C. | Mint Street |
| D. | None of the above |
| Answer» D. None of the above | |
| 8. |
Who has been given the power under the Banking Regulation Act 1949 to grant license to banks? |
| A. | RBI |
| B. | State Government |
| C. | Central Government |
| D. | All of the above |
| Answer» B. State Government | |
| 9. |
When was ICICI bank founded? |
| A. | 1991 |
| B. | 1992 |
| C. | 1993 |
| D. | 1994 |
| Answer» E. | |
| 10. |
Who regulates the functioning of District Cooperative Banks in India? |
| A. | State Government |
| B. | RBI |
| C. | State Cooperative Banks |
| D. | None of these |
| Answer» C. State Cooperative Banks | |
| 11. |
Credit Cards are a convenient substitute for which of the following? |
| A. | Cash |
| B. | Cheque |
| C. | Both 1 and 2 |
| D. | None of The Above |
| Answer» D. None of The Above | |
| 12. |
MSME is defined under which act? |
| A. | MSMED Act, 2006 |
| B. | MSME Act, 2001 |
| C. | MSMED Act, 1999 |
| D. | MSME Act, 2004 |
| Answer» B. MSME Act, 2001 | |
| 13. |
The term ATM stands for which of the following? |
| A. | Automatic teller machine |
| B. | Automated teller mechanism |
| C. | Automated teller machine |
| D. | None of these |
| Answer» B. Automated teller mechanism | |
| 14. |
What is the upper age limit for Pradhan Mantri Jeevan Jyoti Bima Yojana renewable insurance scheme? |
| A. | 55 years |
| B. | 60 years |
| C. | 65 years |
| D. | 50 years |
| Answer» E. | |
| 15. |
In which year National Electronic Fund Transfer started in India? |
| A. | 2004 |
| B. | 2002 |
| C. | 2006 |
| D. | 2005 |
| Answer» E. | |
| 16. |
Which of the following is true about merchant bank? |
| A. | Underwrites securities for corporations |
| B. | Advice clients on mergers |
| C. | Involved in ownership of commercial ventures |
| D. | All of the above |
| Answer» E. | |
| 17. |
____________ Bank has introduced first ATM in India. |
| A. | SBI |
| B. | ICICI |
| C. | HSBC |
| D. | Axis |
| E. | City Bank |
| Answer» D. Axis | |
| 18. |
____________ became India s first all woman bank. |
| A. | Dhanlaxmi Bank |
| B. | Lakshmi Vilas Bank |
| C. | Suryodaya Finance Bank |
| D. | Bharatiya Mahila Bank |
| E. | Utkarsh Finance Bank |
| Answer» E. Utkarsh Finance Bank | |
| 19. |
_________Bank has introduced the first Credit Card in India. |
| A. | Union Bank of India |
| B. | UTI Bank |
| C. | Axis Bank |
| D. | Central Bank of India |
| E. | Bank of India |
| Answer» E. Bank of India | |
| 20. |
The headquarters of AU Small Finance Bank is ______ |
| A. | Hyderabad |
| B. | Chennai |
| C. | Jaipur |
| D. | Bengaluru |
| E. | None of these |
| Answer» D. Bengaluru | |
| 21. |
How much % GST levied on Mobile Phones? |
| A. | 12% |
| B. | 28% |
| C. | 5% |
| D. | 18% |
| E. | None of these |
| Answer» B. 28% | |
| 22. |
Which of the following is an example of Representative Money? |
| A. | Gold |
| B. | Silver |
| C. | Tobacco |
| D. | None of these |
| E. | All of these |
| Answer» F. | |
| 23. |
BHIM Stands for _______ |
| A. | Bharat Interface for Money |
| B. | Bharat Heavy Interface for Money |
| C. | Bharat Heavy Interface Money |
| D. | Bharat High Interface for Money |
| E. | None of these |
| Answer» B. Bharat Heavy Interface for Money | |
| 24. |
The upper limit per UPI transaction is __________. |
| A. | 10000 |
| B. | 20000 |
| C. | 50000 |
| D. | 1 lakh |
| E. | None of these |
| Answer» E. None of these | |
| 25. |
Which of the following is a fraud investigating agency in India? |
| A. | NEFT |
| B. | IMPS |
| C. | SWIFT |
| D. | MZM |
| E. | SFIO |
| Answer» F. | |
| 26. |
_________ is a cheque written by the drawer(payer) for a date in the future. |
| A. | Bearer Cheque |
| B. | Anti-Dated Cheque |
| C. | Open Cheque |
| D. | Post-Dated Cheque |
| E. | Crossed Cheque |
| Answer» E. Crossed Cheque | |
| 27. |
If a cheque is presented for payment after six months from the date of the cheque it is called ______ |
| A. | Bearer Cheque |
| B. | Order Cheque |
| C. | Open Cheque |
| D. | Stale Cheque |
| E. | Mutilated Cheque |
| Answer» E. Mutilated Cheque | |
| 28. |
The process of remitting foreign money to a country is called ______ |
| A. | Inward Remittance |
| B. | Foreign Remittance |
| C. | Commercial banking |
| D. | Wholesale banking |
| E. | None of these |
| Answer» B. Foreign Remittance | |
| 29. |
When was the currency system in India converted into decimal system? |
| A. | 1st April 1949 |
| B. | 1st April 1959 |
| C. | 1st April 1957 |
| D. | 1st April 1969 |
| E. | None of these |
| Answer» D. 1st April 1969 | |
| 30. |
Which Organisation/Ministry is the Custodian of Foreign Reserves in India? |
| A. | Finance Ministry |
| B. | Foreign Ministry |
| C. | Reserve Bank of India(RBI) |
| D. | None is Correct |
| Answer» D. None is Correct | |
| 31. |
Who was the First Deputy Governor of Reserve Bank of India (RBI)? |
| A. | Osborne Smith |
| B. | HO Hume |
| C. | Lord Canning |
| D. | James B.Taylor |
| Answer» B. HO Hume | |
| 32. |
Which organisation/ministry is the nodal agency to provide licenses to e-commerce companies? |
| A. | Finance Ministry |
| B. | Corporate Ministry |
| C. | Reserve Bank of India(RBI) |
| D. | Department of Industrial Policy and Promotion (DIPP) |
| Answer» E. | |
| 33. |
National Investment and Infrastructure Fund(NIIF) is recently established by the Union Government. It is an Alternate investment Fund (AIF) of |
| A. | category I |
| B. | category II |
| C. | category III |
| D. | category IV |
| Answer» C. category III | |
| 34. |
Which of the following test(in Banking) is a measure to prove that the jewellery was handed over from the past generation? |
| A. | Heredity Test |
| B. | Ancestral Test |
| C. | Heirloom Test |
| D. | All of the Above |
| Answer» D. All of the Above | |
| 35. |
The applicable interest rate per annum for Kisan Credit Cards is 9%, for a maximum credit limit of |
| A. | Rs. 1 lakh |
| B. | Rs. 2 lakh |
| C. | Rs. 3 lakh |
| D. | Rs. 4 lakh |
| Answer» D. Rs. 4 lakh | |
| 36. |
Which Organisation/Government is the administrator of Financial Inclusion Fund (FIF)? |
| A. | Reserve Bank of India(RBI) |
| B. | NABARD |
| C. | Union Government of India |
| D. | Particular Government of the related State |
| Answer» D. Particular Government of the related State | |
| 37. |
A reverse mortgage is a special kind of home loan for |
| A. | Government Employees without any security |
| B. | Senior Citizens |
| C. | Beneficiaries under Below Poverty Line Criteria |
| D. | All of the Above |
| Answer» C. Beneficiaries under Below Poverty Line Criteria | |
| 38. |
Open Market Operations is related to which of the following organisation? |
| A. | Reserve Bank of India |
| B. | SEBI |
| C. | Department of Investment and Public Asset Management(DIPAM)/ |
| D. | None is Correct |
| Answer» B. SEBI | |
| 39. |
What is 'B' stands for in "CIBIL"(related to credit ratings)? |
| A. | Bureau |
| B. | Base |
| C. | Bank |
| D. | Benchmark |
| Answer» B. Base | |
| 40. |
On which date was the Reserve Bank of India established? |
| A. | April 1, 1935 |
| B. | July 12, 1982 |
| C. | January 1, 1949 |
| D. | August 15, 1947 |
| Answer» B. July 12, 1982 | |
| 41. |
What is the present number of Local Area Banks in India? |
| A. | 3 |
| B. | 4 |
| C. | 5 |
| D. | 6 |
| Answer» E. | |
| 42. |
On which rate base, overnight money is needed by bank from RBI? |
| A. | MSF |
| B. | Repo rate |
| C. | Reverse repo |
| D. | Bank rate |
| Answer» B. Repo rate | |
| 43. |
Which bank was the first to deploy 'Talking ATMs' for differently abled person? |
| A. | Union Bank of India |
| B. | United Bank of India |
| C. | State Bank of India |
| D. | Punjab National Bank |
| Answer» B. United Bank of India | |
| 44. |
Stock Holding Corporation of India Ltd (SHCIL) was established in 1986 as? |
| A. | Private Limited |
| B. | Public limited |
| C. | Unlimited |
| D. | Limited Liability Partnership |
| Answer» C. Unlimited | |
| 45. |
Which of the following is governed by the provisions of Section 42 of the Reserve Bank of India Act, 1934? |
| A. | Bank rate |
| B. | Reverse Repo Rate |
| C. | SLR |
| D. | CRR |
| Answer» E. | |
| 46. |
Which was the first bank to introduce cheque system in India? |
| A. | Bengal Bank |
| B. | Bank of Hindustan |
| C. | General Bank of India |
| D. | Presidency Bank |
| Answer» B. Bank of Hindustan | |
| 47. |
Which is the largest commercial bank in India? |
| A. | Bank of India |
| B. | Axis Bank |
| C. | State Bank of India |
| D. | HDFC |
| Answer» D. HDFC | |
| 48. |
The performance of which scheme does the National Housing Bank monitor? |
| A. | Liberalized Finance Scheme |
| B. | Golden Jubilee Rural Housing Finance Scheme |
| C. | Energy Efficient Housing Finance Scheme |
| D. | Finance scheme for indirect loans |
| Answer» C. Energy Efficient Housing Finance Scheme | |
| 49. |
Which subsidiary bank was merged with the State Bank of India on August 13, 2008? |
| A. | State Bank of Hyderabad |
| B. | State Bank of Indore |
| C. | State Bank of Mysore |
| D. | State Bank of Saurashtra |
| Answer» E. | |
| 50. |
The first RRB of India Prathama Bank was established in which year? |
| A. | 1975 |
| B. | 1976 |
| C. | 1980 |
| D. | 1969 |
| Answer» B. 1976 | |