MCQOPTIONS
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MCQOPTIONS
This section includes 16 Mcqs, each offering curated multiple-choice questions to sharpen your General Awareness knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
In terms of Section-5 [a] [e] of the Banking Regulation Act 1949, a 'banking company' means any company which [IBPS Clerk 2015] |
| A. | transacts the business of banking in India |
| B. | undertakes lending of money |
| C. | accepts deposits from public and invests the same as trade and industry |
| D. | accepts deposits from public |
| E. | All of the above |
| Answer» F. | |
| 2. |
The government of India has undertaken programme of recapitalisation of Public Sector Banks to help them enhance business growth and [SBI PO 2014] |
| A. | capital adequacy norms |
| B. | ratio of non-performing assets |
| C. | per employee business ratio |
| D. | CASA ratio |
| E. | credit or deposit ratio |
| Answer» B. ratio of non-performing assets | |
| 3. |
Coin of which of the following denominations is called Small Coin? [RBI Assistant 2012] |
| A. | Rs. 1 |
| B. | Rs. 2 |
| C. | Rs. 5 |
| D. | 50 paise |
| E. | Rs. 10 |
| Answer» E. Rs. 10 | |
| 4. |
Which of the following are the instruments of Credit Control in the hands of the RBI? I. Lowering or raising the discount and interest rates. II. Raising the minimum support price of the major agro products. III. Lowering or raising the minimum cash reserves maintained by the commercial banks. Select the correct answer using the codes given below |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | Both I and III |
| E. | Both II and III |
| Answer» E. Both II and III | |
| 5. |
In 1988, the BCBS in Basel, Switzerland, published a set of minimum capital requirements for banks. What is BCBS? |
| A. | Basel Committee on Banking Supervision |
| B. | Basel Council on Banking Supervision |
| C. | Basel Committee on Banking System |
| D. | Basel Council on Banking System |
| E. | Basel Council on Supervision on Bad Assets |
| Answer» B. Basel Council on Banking Supervision | |
| 6. |
One rupee notes and coins are issued by |
| A. | Reserve Bank of India |
| B. | State Bank of India on behalf of Government of India |
| C. | Government of India |
| D. | Finance Minister of Central Government |
| E. | None of the above |
| Answer» D. Finance Minister of Central Government | |
| 7. |
Prior approval (as also a licence) of RBI is required for opening |
| A. | personal banking branches |
| B. | merchant banking branches |
| C. | asset recovery branches |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 8. |
What are the co-operative banks at the village level known as? |
| A. | Central co-operative banks |
| B. | Primary agricultural co-operative societies |
| C. | Village co-operative banks |
| D. | State co-operative banks |
| E. | None of the above |
| Answer» C. Village co-operative banks | |
| 9. |
The bank rate is |
| A. | free to fluctuate according to the forces of demand and supply |
| B. | set by the RBI |
| C. | set by the RBI is directed by the Union Ministry of Finance |
| D. | set by the RBI as advised by the Indian Banks Association |
| E. | set by the Government of India on the recommendation of. the Planning Commission |
| Answer» C. set by the RBI is directed by the Union Ministry of Finance | |
| 10. |
Which of the following is not a function of the Reserve Bank of India? |
| A. | Fiscal policy functions |
| B. | Exchange control functions |
| C. | Insurance, exchange and destruction of currency notes |
| D. | Monetary authority functions |
| E. | Supervisory and control function |
| Answer» B. Exchange control functions | |
| 11. |
The instance of RBI monetary policy is |
| A. | inflation control with adequate liquidity for growth |
| B. | improving credit quality of the banks |
| C. | strengthening credit delivery mechanism |
| D. | supporting investment demand in the economy |
| E. | All of the above |
| Answer» F. | |
| 12. |
When the Reserve Bank desires to restrict expansion of credit, it |
| A. | raises the bank rate |
| B. | reduces the bank rate |
| C. | freezes the bank rate |
| D. | None of these |
| E. | All of these |
| Answer» B. reduces the bank rate | |
| 13. |
The rate of interest banks charge its main/major and prime customers is popularly called as |
| A. | Risk Premium |
| B. | Prime Lending Rate |
| C. | Repo Rate |
| D. | Reverse Repo Rate |
| E. | Cost of fund |
| Answer» C. Repo Rate | |
| 14. |
The 'Bank rate' is periodically announced by the [RBI Grade B 2015] |
| A. | Indian Banks Association (IBA) |
| B. | Slate Bank of India (SBI) |
| C. | Reserve Bank of India (RBI) |
| D. | Ministry of Finance |
| E. | Board of the respective banks |
| Answer» D. Ministry of Finance | |
| 15. |
SLR is maintained as a percentage of [IBPS Clerk 2015] |
| A. | time liabilities |
| B. | demand liabilities |
| C. | a and b |
| D. | gross time and demand liabilities |
| E. | net demand and time liabilities |
| Answer» F. | |
| 16. |
The banking regulation act, 1949 provides |
| A. | A frame work of regulation |
| B. | Supervision of Commercial banking activities |
| C. | a and b |
| D. | Supervision of private sector bond |
| E. | None of the above |
| Answer» D. Supervision of private sector bond | |