MCQOPTIONS
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MCQOPTIONS
This section includes 83 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Commerce (B Com) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The first development financial institution in India that has got merged with a bank is |
| A. | idbi |
| B. | icici |
| C. | idfc |
| D. | uti |
| Answer» C. idfc | |
| 2. |
.prepared a framework through a consultative process to secure international convergence of supervisory regulations governing the capital adequacy of international banks. |
| A. | basel committee on banking supervision |
| B. | banking committee on banking supervision |
| C. | basel company on banking supervision |
| D. | banking company on banking supervision |
| Answer» B. banking committee on banking supervision | |
| 3. |
Indian Banks Association (IBA) has a common net working system for sharing the ATM facilities in Mumbai, which is known as |
| A. | atm network |
| B. | shared payment network system |
| C. | cash network |
| D. | none of these |
| Answer» C. cash network | |
| 4. |
A Bank is under a statutory obligations to honour its customer's cheques vide |
| A. | section 10 of the banking regulation act, 1949. |
| B. | section 3 of the r.b.i. act, 1934. |
| C. | section 31 of the negotiable instruments act, 1881. |
| D. | none of these |
| Answer» D. none of these | |
| 5. |
To be categorized as a schedule Bank the minimum capital & reserve required is |
| A. | rs. 10 lacs |
| B. | rs. 5 lacs |
| C. | rs. 20 lacs |
| D. | rs. 7 lacs |
| Answer» C. rs. 20 lacs | |
| 6. |
For Business process re-engineering and IT strategy which bank has employed Gartner |
| A. | b |
| B. | sbi |
| C. | pnb |
| D. | bom |
| Answer» B. sbi | |
| 7. |
Banks extend need based working capital facilities as well as term loans to all NBFCs registered with |
| A. | companies act. |
| B. | state bank of india |
| C. | commercial bank |
| D. | reserve bank of india |
| Answer» E. | |
| 8. |
Which Bank has recently tied up with Apollo Hospital for financing medical facilities |
| A. | icici |
| B. | hd |
| C. | bob |
| D. | sbi |
| Answer» E. | |
| 9. |
Under the Banking Ombudsman scheme the value of claim shouldn't exceed |
| A. | 5 lac |
| B. | 10 l |
| C. | 15 lac |
| D. | 20 lac |
| Answer» E. | |
| 10. |
Banks can change rate of interest beyond spread announced by themon advances granted to |
| A. | film companies |
| B. | chit funds |
| C. | nbfc s |
| D. | hotels |
| Answer» D. hotels | |
| 11. |
What should be the method of valuation for advances againstshares/ debentures / bonds? |
| A. | face value |
| B. | market price |
| C. | book value |
| D. | average value |
| Answer» C. book value | |
| 12. |
To which category of customers are banks prohibited to sanctionloans against shares and debentures? |
| A. | institutions |
| B. | psus |
| C. | banks |
| D. | trust and endowments |
| Answer» E. | |
| 13. |
The .is an important function of a bank and this function distinguishes banks from the non banking institution. |
| A. | accepting deposit |
| B. | lending money |
| C. | creation of credit |
| D. | agency service |
| Answer» D. agency service | |
| 14. |
Investment of banks in Govt. securities and other approved securities is categorised as |
| A. | lending |
| B. | slr-investment |
| C. | non-slr investment |
| D. | anbc |
| Answer» C. non-slr investment | |
| 15. |
Banks lend to special purpose vehicles (SPVs)in the private sector registered under for directly undertaking infrastructure projects. |
| A. | reserve bank of india |
| B. | state bank of india |
| C. | local courts |
| D. | companies act. |
| Answer» E. | |
| 16. |
.is a place where inter bank claims arising on account of cheques received for collection by each bank drawn against other banks are settled. |
| A. | investment house |
| B. | issuehouse |
| C. | bankers clearing house |
| D. | none of these |
| Answer» D. none of these | |
| 17. |
Open market operation is another important wepon of credit control.? |
| A. | qualitative |
| B. | normal |
| C. | quantitative |
| D. | none of the above |
| Answer» D. none of the above | |
| 18. |
The Govt.of India set up the .committee(1991) to examine all aspects relating to structure ,organisation and the functioning of the Indian banking system. |
| A. | narasimham |
| B. | malhotra |
| C. | vadia |
| D. | smith |
| Answer» B. malhotra | |
| 19. |
is a method of credit control adopted by the modern central banks? |
| A. | consumer credit |
| B. | margin requirements |
| C. | variable reserve ratio. |
| D. | rationing of credit, |
| Answer» D. rationing of credit, | |
| 20. |
.was the first public sector bank to tap the equity market in December 1993 |
| A. | sbt |
| B. | pnb |
| C. | sbi |
| D. | boi |
| Answer» D. boi | |
| 21. |
..may be defined as an exposure to a transaction with loss ,which occurs with some probability and which can be expected, measured and minimised. |
| A. | profit |
| B. | loss |
| C. | risk |
| D. | opportunity |
| Answer» D. opportunity | |
| 22. |
The rate of which discounting the bills of first class banks is done by RBI is called |
| A. | bank rate |
| B. | prime lending rate |
| C. | loan rate |
| D. | discounting rate |
| Answer» B. prime lending rate | |
| 23. |
If market quotes USD/INR as 43.61/63 ,at what rate can you buy USD at the given quote. |
| A. | 43.61 |
| B. | 43.62 |
| C. | 43.63 |
| D. | none of the above |
| Answer» D. none of the above | |
| 24. |
The major objective of ..was to ensure financial safety, soundness, and solvency of banks |
| A. | prudential norms |
| B. | risk norms |
| C. | profit norms |
| D. | none of these |
| Answer» B. risk norms | |
| 25. |
Indian Banks Association (IBA) has a common net working system forsharing the ATM facilities in Mumbai, which is known as |
| A. | atm network |
| B. | shared payment network system |
| C. | cash network |
| D. | none of these |
| Answer» C. cash network | |
| 26. |
For which of the following currencies is the Indian rupee quotedagainst 100 units of the foreign currency |
| A. | deutsche mark |
| B. | pound |
| C. | japanese yen |
| D. | us dollars |
| Answer» D. us dollars | |
| 27. |
Exchange risk in case of foreign currency Non Resident (Banks)scheme (FCNB) is borne by |
| A. | rbi |
| B. | depositor |
| C. | govt. of india |
| D. | concerned bank |
| Answer» E. | |
| 28. |
is a system of banking in which one bank carries on its business through a network of branches spread all over the country. |
| A. | chain banking |
| B. | unit banking |
| C. | branch banking |
| D. | none of these |
| Answer» D. none of these | |
| 29. |
As the credit card gives the overdraft facilities and additional .power to customer. |
| A. | lending |
| B. | deposit |
| C. | borrowing |
| D. | creating |
| Answer» D. creating | |
| 30. |
..represents short-term loans granted either to the discount houses or to other banks which are obtainable at call. |
| A. | balance with other banks |
| B. | money at call and short notice |
| C. | bills discount |
| D. | cash in hand |
| Answer» C. bills discount | |
| 31. |
The Securitization and Reconstruction of Financial Asset and enforce of Security Interest Act came into force from |
| A. | 21.08.02 |
| B. | 21.06.02 |
| C. | 21.07.02 |
| D. | 21.12.02 |
| Answer» C. 21.07.02 | |
| 32. |
Internet is the cheapest of all banking channel and helps banks to gain substantially in terms of . Cost |
| A. | Auditing |
| B. | Deposit |
| C. | Investment |
| D. | Transaction |
| Answer» E. | |
| 33. |
On 14 banks with deposit of 50 crores or more taken over by the Government of India |
| A. | 1st April 1947 |
| B. | 19th July 1969 |
| C. | 1st November 1954 |
| D. | 31st March 1975 |
| Answer» C. 1st November 1954 | |
| 34. |
..is continues arrangement between a Commercial Bank and a business concern for the purchase of book debt of the business concern. |
| A. | Leasing |
| B. | Venture capital finance |
| C. | Factoring |
| D. | Credit rating |
| Answer» D. Credit rating | |
| 35. |
A document issued by the bank to acknowledge the receipt of a fixed sum of money deposited . Is called |
| A. | Collection receipt |
| B. | Pay in slip |
| C. | Fixed deposit receipt |
| D. | Bond |
| Answer» D. Bond | |
| 36. |
The endorser will not liable to the holder on dishonor of a negotiable instrument if he makes . |
| A. | Sans-recourse endorsement |
| B. | Facultative endorsement |
| C. | Sans-frais endorsement |
| D. | None of the above |
| Answer» B. Facultative endorsement | |
| 37. |
Nationalised Banks have been permitted to offer their equity shares to the public to the extent of 49% of their capital as per amendments made in 1994 in |
| A. | banking regulation act, 1949 |
| B. | banking companies (acquisition & transfer of undertakings) acts 1970/1980 |
| C. | both in (i) a |
| D. | (ii) |
| Answer» C. both in (i) a | |
| 38. |
.is a new scheme of deposit mobilization have been evolved by the Indian commercial banks. |
| A. | current deposit |
| B. | saving deposit |
| C. | insurance link |
| D. | deposit |
| Answer» D. deposit | |
| 39. |
The three banks recently have entered in a Mega ATM sharing pact. They are |
| A. | sbi, icici, & b |
| B. | sbi, icici, hd |
| C. | icici, andhra bank, hdfc |
| D. | andhra bank, canara bank, sbi |
| Answer» C. icici, andhra bank, hdfc | |
| 40. |
When a banker accepts the securities for safe custody, the relationship between a banker and a customer is that of |
| A. | a debtor and a creditor |
| B. | trustee and beneficiary |
| C. | principal a |
| D. | agent |
| Answer» C. principal a | |
| 41. |
The drawee banker of a demand draft has received intimation of the loss of the draft from the purchaser. The banker should |
| A. | stop the payment |
| B. | exercise caution |
| C. | refuse to accept the notice a |
| D. | d. issue a duplicate draft |
| Answer» C. refuse to accept the notice a | |
| 42. |
At what frequency can Banks pay interest on Saving Bank Account asper RBI guidelines |
| A. | monthly |
| B. | quarterly |
| C. | half yearly |
| D. | yearly |
| Answer» D. yearly | |
| 43. |
..is a transaction where by money is borrowed by the debtor on the security of the movable property. |
| A. | hypothication |
| B. | mortage |
| C. | pledge |
| D. | charge |
| Answer» B. mortage | |
| 44. |
Margin money scheme of KVIC is applicable to the project of individuals and entrepreneurs ______________ . |
| A. | where the total project cost does not exceed rs. 10 lakh |
| B. | where the total project cost does not exceed rs. 25 lakh |
| C. | where the total project cost does not exce |
| D. | rs. 5 lakh |
| Answer» B. where the total project cost does not exceed rs. 25 lakh | |
| 45. |
The VSAT communication network for banks and financial institutionslaunched by RBI is known as |
| A. | swift |
| B. | sbi net |
| C. | bank net |
| D. | infinet |
| Answer» E. | |
| 46. |
Quasi Negotiable Instrument is accepted like Negotiable Instrument because of |
| A. | the force of law |
| B. | the customs and practice |
| C. | their character of negotiability |
| D. | none of these |
| Answer» C. their character of negotiability | |
| 47. |
The endorser will not liable to the holder on dishonor of a negotiable instrument if he makes |
| A. | sans-recourse endorsement |
| B. | facultative endorsement |
| C. | sans-frais endorsement |
| D. | none of the above |
| Answer» B. facultative endorsement | |
| 48. |
.is a document issued by the bank acknowledge the receipt of a fixed sum of money on deposit. |
| A. | collection receipt |
| B. | withdrawal receipt |
| C. | fix |
| D. | deposit receipt |
| Answer» D. deposit receipt | |
| 49. |
The highest credit risk rating that can be awarded to any company by CRISIL is .. |
| A. | ++a |
| B. | aaa |
| C. | +aa |
| D. | none of the above |
| Answer» C. +aa | |
| 50. |
Which bank operates on behalf of the SBI in Nigeria and was established in 1981? |
| A. | sbi |
| B. | rbi |
| C. | icici |
| D. | inmb |
| Answer» E. | |