MCQOPTIONS
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MCQOPTIONS
This section includes 60 Mcqs, each offering curated multiple-choice questions to sharpen your Marketing Aptitude knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Bank rate is the rate at which? [SSC Tax Assistant 2005] |
| A. | A commercial bank borrows loans from some other commercial bank |
| B. | The central bank borrows loans from the government |
| C. | The commercial bank gives loans to the public |
| D. | The central bank re-discounts the commercial bills brought |
| Answer» E. | |
| 2. |
Scheduled Banks have to be registered with? [ISO CPO S 7 2006] |
| A. | SEBI |
| B. | RBI |
| C. | Finance Ministry |
| D. | SBI |
| Answer» C. Finance Ministry | |
| 3. |
Open market operations of RBI refer to buying and selling of? |
| A. | Commercial bills |
| B. | Foreign exchange |
| C. | Gold |
| D. | Government bonds |
| Answer» E. | |
| 4. |
Bank deposits that can be withdrawn without notice are called? |
| A. | Account payee deposits |
| B. | Fixed deposits |
| C. | Variable deposits |
| D. | Demand deposits |
| Answer» D. Demand deposits | |
| 5. |
The present Indian monetary system is based on? [SSC 'lax Assistant 2009] |
| A. | Gold Reserve system |
| B. | Proportional Reserve system |
| C. | Convertible Currency system |
| D. | Minimum Reserve system |
| Answer» E. | |
| 6. |
A short term government security paper is called? [SSC CGL 2010] |
| A. | Share |
| B. | Debenture |
| C. | Mutual Fund |
| D. | Treasury bill |
| Answer» E. | |
| 7. |
Which one of the following is not a function of the central bank in an economy? [SSC CPO 2011] |
| A. | Dealing with foreign exchange |
| B. | Controlling monetary policy |
| C. | Controlling government spending |
| D. | Acting as a banker's bank |
| Answer» D. Acting as a banker's bank | |
| 8. |
Which of the following organizations agencies has specifically been set up to boost overall rural development in India? |
| A. | RBI |
| B. | SIDBI |
| C. | NABARD |
| D. | SEBI |
| Answer» D. SEBI | |
| 9. |
Which of the following organizations maintains the Rural Infrastructure Development Fund (RIDF)? (NABARD PO 2010) |
| A. | RBI |
| B. | NABARD |
| C. | SIDBI |
| D. | LIC |
| Answer» C. SIDBI | |
| 10. |
A bank borrows money from the RBI on which of the following rates? |
| A. | Bank rate |
| B. | Repo Rate |
| C. | SLR |
| D. | CRR |
| Answer» C. SLR | |
| 11. |
Which of the following is not a function of banks? (Syndicate Bank PO 2010) |
| A. | Providing project finance |
| B. | Selling Mutual Funds |
| C. | Deciding policy rates likes CRR, Repo Rate, and SLR etc. |
| D. | All of these are functions of a bank |
| Answer» D. All of these are functions of a bank | |
| 12. |
The rate on which banks borrow from the RBI is called- (PdS Bank PC'A,2012] |
| A. | SLR |
| B. | CRR |
| C. | Bank Rate |
| D. | Repo Rate |
| Answer» E. | |
| 13. |
Which of the following is / are considered a policy rate (s) in the hands of the RBI?(Corporation Bank PV 2012] (i) Repo Rate (ii) SLR (iii) Inflation |
| A. | Only (i) |
| B. | Only (ii) |
| C. | Only (iii) |
| D. | Only (i) and (ii) |
| Answer» E. | |
| 14. |
It is evident that the economic slowdown still continues to weigh on the performance of the banks in India. How is this affecting banks and/or general public? |
| A. | The number of bank account holders has gone down |
| B. | Inflation has reached a very high level |
| C. | The gross NPA of the listed banks has increased substantially. |
| D. | None of these. |
| Answer» C. The gross NPA of the listed banks has increased substantially. | |
| 15. |
An agreement, which in fact is a contract, between the RBI and Banks for the sale and repurchase of Govt. Securities and short term treasury bills at a future date and for which the RBI indicates "the interest rate" is generally known as? |
| A. | Repo rate |
| B. | Bank rate |
| C. | Reverse repo rate |
| D. | None of these |
| Answer» B. Bank rate | |
| 16. |
Which of the following is not a measure to control inflation adopted by the government and or the RBI?(B.G.'M. 2009) |
| A. | Monetary policy |
| B. | Fiscal policy |
| C. | Financial inclusion |
| D. | Price control |
| Answer» D. Price control | |
| 17. |
Indian money market is divided into three sectors/ namely organized sector, unorganized sector and cooperative sector. Call money market is the part of which of the following Organized sector Unorganized sector Cooperative sector |
| A. | Only (i) |
| B. | Only (ii) |
| C. | Only (iii) |
| D. | Only (i) and (ii) |
| Answer» B. Only (ii) | |
| 18. |
Which bank in India performs the duties of a Central Bank? |
| A. | Central Bank of India |
| B. | State Bank of India |
| C. | RBI |
| D. | Both A and B |
| Answer» D. Both A and B | |
| 19. |
Monetary policy in India is formulated by ? [SSC, LDC, 2012] |
| A. | Finance Ministry |
| B. | RBI |
| C. | SEBI |
| D. | CLB |
| Answer» C. SEBI | |
| 20. |
The term "ATM" stands for ? [SBI Associate Clerk 2012] |
| A. | Alternate to Money |
| B. | Automated Transaction Machine |
| C. | Automated Toller Mechanism |
| D. | Automatic Teller Mode |
| E. | Automated Teller Machine |
| Answer» F. | |
| 21. |
Which of the following is not a public sector bank? [SBI Associate Clerk 2012] |
| A. | Corporation Bank |
| B. | United Bank of India |
| C. | Vijaya Bank |
| D. | Bank of Maharashtra |
| E. | Federal Bank |
| Answer» F. | |
| 22. |
What is the full form of the term FDI? [IBPS RRB O.A. 2012] |
| A. | Foreign Direct investment |
| B. | Foreign diverse investment |
| C. | Fixed deposit investment |
| D. | Floating deposit investment |
| E. | Financial derivatives in India |
| Answer» B. Foreign diverse investment | |
| 23. |
Regional Rural Banks? [IBPS RRB Officer- 2012] |
| A. | Have limited area of operation and access to refinance from NABARD |
| B. | Are required to lend only to weaker sections |
| C. | Are mandated to do only narrow banking |
| D. | Can only extend agricultural loans |
| E. | Have unrestricted area of operations |
| Answer» B. Are required to lend only to weaker sections | |
| 24. |
What is money laundering? [BSF RRB Officer 2012] |
| A. | Conversion of assets into cash |
| B. | Conversion of illegally obtained money into accountable money |
| C. | Conversion of cash into gold |
| D. | Conversion of gold into cash |
| E. | None of these |
| Answer» C. Conversion of cash into gold | |
| 25. |
What is the statutory liquidity Ratio (SIR) at present? [SBI Clerk 2012] |
| A. | 0.2 |
| B. | 0.22 |
| C. | 0.25 |
| D. | 0.24 |
| E. | None of these |
| Answer» D. 0.24 | |
| 26. |
General clients of various banks in India can make a complaint to which of the following offices, on the issues related to deficiency in services which do not get resolved at bank's level? |
| A. | Comptroller and Auditor General of India CAG) |
| B. | Attorney General of India |
| C. | Ombudsman |
| D. | Indian Audit Bureau |
| E. | Indian Bank's Association |
| Answer» D. Indian Audit Bureau | |
| 27. |
Which of the following terms is not used in banking & finance? [SBI Clerk 2012] |
| A. | Public debt |
| B. | Plasma |
| C. | Joint venture |
| D. | Net demand Time liability |
| E. | Treasury Bill |
| Answer» C. Joint venture | |
| 28. |
By increasing repo rate, the economy may observe the following effects ? [IBPS PO. 2012] |
| A. | Rate of interests on loans and advances will be costlier |
| B. | Industrial output would be affected to an extent |
| C. | Banks will increase rate of interest on deposits |
| D. | Industry houses may borrow money from foreign countries |
| E. | All of these |
| Answer» F. | |
| 29. |
AXIS Bank is a ? [IBPS EO. 2012] |
| A. | Public Sector Bank |
| B. | Private sector Bank |
| C. | Co-operative Bank |
| D. | Foreign Bank |
| E. | Gramin Bank |
| Answer» C. Co-operative Bank | |
| 30. |
Bad advances of a bank are called ? [IBPS.PO. 2012] |
| A. | Bad debt |
| B. | Book debt |
| C. | Non-performing asset |
| D. | Out of order accounts |
| E. | Over drawn accounts |
| Answer» D. Out of order accounts | |
| 31. |
In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction? [IBPS P.O. 2012] |
| A. | RTGS |
| B. | NEFT |
| C. | TT |
| D. | EFT |
| E. | MT |
| Answer» B. NEFT | |
| 32. |
With reference to a cheque, which of the following is the "drawer bank"? [IBPS P.O. 2012] |
| A. | The bank that collects the cheque |
| B. | The payee's bank |
| C. | The endorsee's bank |
| D. | The endorser's bank |
| E. | The bank upon which the cheque is drawn |
| Answer» B. The payee's bank | |
| 33. |
What is the maximum deposit amount insured by DICGC? [IBPS P.O. 2012] |
| A. | 2, 00,000 per depositor per bank |
| B. | 2, 00, 00 per depositor across all bank |
| C. | 1, 00,000 per depositor per bank |
| D. | 1, 00,000 per depositor across all bank |
| E. | None of these |
| Answer» E. None of these | |
| 34. |
A worldwide financial messaging network which exchange message between banks and financial institutions is known as ? |
| A. | CHAPS |
| B. | SWIFT |
| C. | NEFT |
| D. | SFMS |
| E. | CHIPS |
| Answer» C. NEFT | |
| 35. |
Fixed period of time is known as a ? [IBPS, RO. 2012] |
| A. | Term deposit |
| B. | Checking account |
| C. | Saving bank deposit |
| D. | No frills account |
| E. | Current deposit |
| Answer» B. Checking account | |
| 36. |
Largest shareholder of a nationalized bank is ? [IBA IBPSRO. 2011] |
| A. | RBI |
| B. | NABARD |
| C. | LIC |
| D. | Govt. of India |
| E. | A money deposited in a bank that cannot be withdrawn for a present |
| Answer» E. A money deposited in a bank that cannot be withdrawn for a present | |
| 37. |
State Bank of India is the sole authority to issue and manage currency in India. [IBPS RO. 2011] |
| A. | A nationalized bank is the sole authority to issue and manage currency in India |
| B. | A nationalization bank is the sole authorized tom issues and manage currency in India |
| C. | A Co-operative bank is the sole authority to issue and manage currency in India |
| D. | RBI is the sole authority to issue and manage currency in India |
| E. | None of these |
| Answer» E. None of these | |
| 38. |
Interest payable on saving bank account is ? |
| A. | Not regulated by RBI |
| B. | Regulated by state government |
| C. | Regulated by central government |
| D. | Regulated by RBI |
| E. | Regulated by Finance which of the following is a correct statement? |
| Answer» E. Regulated by Finance which of the following is a correct statement? | |
| 39. |
Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of ? [BFSEO 02011] |
| A. | Minors |
| B. | Married women |
| C. | Senior citizens |
| D. | Govt employer |
| E. | Rural residents |
| Answer» D. Govt employer | |
| 40. |
With a view to facilitating payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country? [IBPS PO, 2011] |
| A. | Will |
| B. | Registration |
| C. | Nomination |
| D. | Indemnity |
| E. | Guarantee |
| Answer» D. Indemnity | |
| 41. |
A centralized database with online connectivity to branches, internet as well as ATM network which has been adopted by almost all major banks of our country is known as ? |
| A. | Investment banking |
| B. | Core banking |
| C. | Mobile banking |
| D. | National banking |
| E. | Specialised banking |
| Answer» C. Mobile banking | |
| 42. |
The profits of Indian Banks operating in foreign countries are a part of? [SSC, LDC 2014] |
| A. | Income from entrepreneurship earned from abroad |
| B. | Domestic factor income of India |
| C. | Profits of the enterprises working in domestic territory of India |
| D. | Operating surplus of the banks located in India |
| Answer» B. Domestic factor income of India | |
| 43. |
Saving rate is relatively low in developed economies because of? [SSC LDC 2014] |
| A. | Low per capita income |
| B. | Welfare programmer |
| C. | Liquidity/Borrowing constraint |
| D. | High interest rate |
| Answer» C. Liquidity/Borrowing constraint | |
| 44. |
As per the guidelines issued by the RBI, the proposed 'payment Banks' will be allowed to open small savings account primarily from the un- banked and under-banked population up to a maximum of? |
| A. | 10/000 per individual customer |
| B. | 1 lakh per individual customer |
| C. | T 1,000 per individual customer |
| D. | T 50,000 per individual customer |
| Answer» D. T 50,000 per individual customer | |
| 45. |
The Reserve Bank of India has recently raised the card limit for issuance of pre-paid payment instruments (PPI) from> 50,000 to?[NIACL AssT2015] |
| A. | 1, 50,000 |
| B. | 1, 00,000 |
| C. | 60000 |
| D. | 75000 |
| Answer» C. 60000 | |
| 46. |
The alphabet 'E' in the abbreviation NRE Account stands for- - |
| A. | Executive |
| B. | Employee |
| C. | External |
| D. | Equated |
| Answer» D. Equated | |
| 47. |
Which of the following is not a Banking organization? [SBI Asst. 2015] |
| A. | ICICI PRUDENTIAL |
| B. | AXIS BANK |
| C. | KOTAK MAHINDRA |
| D. | ICICI BANK |
| Answer» B. AXIS BANK | |
| 48. |
In international Banking terms, 'appreciation' of rupee means?[SBI Asst. Clerk 2015] |
| A. | Excess of exports over imports |
| B. | Purchasing power of rupee has come down |
| C. | Excess of imports over exports |
| D. | Availability of more foreign currency vis-a-vis rupee |
| Answer» E. | |
| 49. |
Which of the following authorities is responsible for maintaining accounts, deposits and cash management of the government through issue of Bonds and Treasury Bills? [SBI Clerk 2014] |
| A. | SEBI |
| B. | IRDA |
| C. | SBI |
| D. | RBI |
| Answer» E. | |
| 50. |
With introduction of ATMs, telebanking and internet banking, banking hours is not a constraint for transacting banking business, which is known as?[IBPS 2014] |
| A. | Universal Banking |
| B. | Worldwide Banking |
| C. | Anywhere Banking |
| D. | Global Banking |
| Answer» D. Global Banking | |