MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
_____is considered as an alternative to CB |
| A. | currency Board, |
| B. | National Board |
| C. | Both |
| D. | none |
| Answer» B. National Board | |
| 2. |
Committee, launched the process of reforms of financial system in India: |
| A. | Gadgil committee |
| B. | Nariman committee |
| C. | Narasimham committee |
| D. | Khanna Committee |
| Answer» D. Khanna Committee | |
| 3. |
In which year State Bank of India Act was passed? |
| A. | 1934 |
| B. | 1945 |
| C. | 1955 |
| D. | 1957 |
| Answer» D. 1957 | |
| 4. |
Bank provides loans for |
| A. | Home |
| B. | Car |
| C. | Education |
| D. | All of above |
| Answer» E. | |
| 5. |
NBFI s refers to ………. |
| A. | Non Banking Financial Industries |
| B. | Non Banking Financial Institution |
| C. | Net Banking Financial Industries |
| D. | Net Banking Financial Institutions |
| Answer» C. Net Banking Financial Industries | |
| 6. |
CBS stands for …….. |
| A. | Code Banking Solutions |
| B. | Core Banking Solutions |
| C. | common Banking Solutions |
| D. | Credit Banking Solutions |
| Answer» C. common Banking Solutions | |
| 7. |
………. Risk are arises due to changes in the economic policies of thegovernment. |
| A. | speculative risk |
| B. | particular risk |
| C. | dynamic risk |
| D. | financial risk |
| Answer» D. financial risk | |
| 8. |
The instrument which provides proprietary interest in company and which entitles a person todividend on profits, is called? |
| A. | Bond |
| B. | Share |
| C. | Debenture |
| D. | Warrant |
| Answer» C. Debenture | |
| 9. |
Bank Pass Book is |
| A. | Issued by Bank |
| B. | Contains transaction details of Bank account |
| C. | Shows balance in account |
| D. | All of above |
| Answer» E. | |
| 10. |
When did the banking sector reforms initiates |
| A. | 1996 |
| B. | 1901 |
| C. | 1991 |
| D. | 1989 |
| Answer» D. 1989 | |
| 11. |
Which of the following is not a state bank group subsidiary: |
| A. | State Bank of Travancore |
| B. | State Bank of Saurashtra |
| C. | State Bank of Indore |
| D. | State Bank of Allahabad |
| Answer» E. | |
| 12. |
In India, forex rates are determined by: |
| A. | Importers |
| B. | Exporters |
| C. | RBI |
| D. | Demand and supply forces |
| Answer» E. | |
| 13. |
____________is the first development financial institution in India. |
| A. | IDBI |
| B. | ICICI |
| C. | IFCI |
| D. | RBI |
| Answer» D. RBI | |
| 14. |
'NABARD' came into existence on: |
| A. | 8th July, 1982 |
| B. | 19th July, 1982 |
| C. | 12th July, 1982 |
| D. | None of The Above |
| Answer» D. None of The Above | |
| 15. |
The only merger of two public sector banks took place between – |
| A. | Bank of India and New Bank of India |
| B. | Punjab National Bank and New Bank of India |
| C. | Allahabad Bank and United Bank of India |
| D. | Punjab National Bank and Bank of Rajasthan |
| Answer» C. Allahabad Bank and United Bank of India | |
| 16. |
NPA means ---- |
| A. | Net Performing Assets |
| B. | Non-Performing Asset |
| C. | Net profit Acceptance |
| D. | None of these |
| Answer» C. Net profit Acceptance | |
| 17. |
RBI ACT was comes in to existence…… |
| A. | 1934 |
| B. | 1935 |
| C. | 1948 |
| D. | 1945 |
| Answer» B. 1935 | |
| 18. |
Which is not a function of RBI? |
| A. | Holding cash reserves of all commercial banks and make available financial accommodation to them |
| B. | Assuming responsibility of all banking operations of the government |
| C. | Assuming the responsibility of the statistical analysis of data related to macro economy of India |
| D. | Assuming the responsibility to meet directly or indirectly all reasonable demands for the accommodation |
| Answer» D. Assuming the responsibility to meet directly or indirectly all reasonable demands for the accommodation | |
| 19. |
In which year the second round of Bank nationalisation was done? |
| A. | 1979 |
| B. | 1974 |
| C. | 1980 |
| D. | 1988 |
| Answer» D. 1988 | |
| 20. |
'NABARD' was dedicated to which among the following Prime Ministers: |
| A. | Gulzari Lal Nanda |
| B. | Indira Gandhi |
| C. | Shri Lal Bahadur Shastri |
| D. | None of The Above |
| Answer» C. Shri Lal Bahadur Shastri | |
| 21. |
Who was the Prime Minister of India when Banking Nationalization was done in 1969? |
| A. | Jawahar Lal Nehru |
| B. | Indira Gandhi |
| C. | Rajiv Gandhi |
| D. | Narsimha Rao |
| Answer» C. Rajiv Gandhi | |
| 22. |
Bank of Baroda is an example for ------- |
| A. | Private sector Bank |
| B. | Foreign Bank |
| C. | Public sector Bank |
| D. | None of these |
| Answer» D. None of these | |
| 23. |
__________ is based on the principle of self-help through mutual help, abolition of profits and serviceabove self help. |
| A. | socialism |
| B. | capitalism |
| C. | co-operation |
| D. | trade unionism |
| Answer» D. trade unionism | |
| 24. |
RBI’s monetary policy has to sub serve the ____, economic & social objectives |
| A. | national, |
| B. | local, |
| C. | state |
| D. | none |
| Answer» B. local, | |
| 25. |
To strengthen the capital base of banks RBI laid down ------- |
| A. | IRAC rules |
| B. | BASEL norms |
| C. | Capital Adequacy Norms |
| D. | None of these |
| Answer» D. None of these | |
| 26. |
What was the maximum limit of Statutory Liquidity Ratio had Narasimham Committee recommended? |
| A. | 25% |
| B. | 20% |
| C. | 15% |
| D. | 18% |
| Answer» B. 20% | |
| 27. |
Which of the following statements is/are not true about RBI? |
| A. | RBI is the Bank of Issue. |
| B. | RBI acts as the Banker of the Government. |
| C. | RBI is known as the Banker's Bank. |
| D. | RBI does not regulate the credit flow. |
| Answer» E. | |
| 28. |
CSR stands for: |
| A. | Customer Satisfaction Responsibility |
| B. | Corporate Social Responsibility |
| C. | Corporate Social Reforms |
| D. | None of The Above |
| Answer» C. Corporate Social Reforms | |
| 29. |
Industrial Development Bank of India is established in |
| A. | 1964 |
| B. | 1965 |
| C. | 1864 |
| D. | 1992 |
| Answer» B. 1965 | |
| 30. |
How many foreign banks are there in India at present? |
| A. | 42 |
| B. | 43 |
| C. | 44 |
| D. | 45 |
| Answer» E. | |
| 31. |
Who is the present Governor of RBI? |
| A. | K.C. Chakrabarty |
| B. | D K Mittal |
| C. | Raghuram Rajan |
| D. | Monte k Singh Ahluwalia |
| Answer» D. Monte k Singh Ahluwalia | |
| 32. |
Writing off the policy before its actual maturity is known as ---- |
| A. | Nomination |
| B. | Foreclosure |
| C. | Surrender |
| D. | None of these |
| Answer» C. Surrender | |
| 33. |
………. of a life policy means transferring the rights of the insured in respect ofthe policy to another one |
| A. | Nomination |
| B. | Consideration |
| C. | Assignment |
| D. | Agreement |
| Answer» B. Consideration | |
| 34. |
For providing transparency in accounting and reporting procedures of banks ---- are introduced in 1992 |
| A. | IRAC rules |
| B. | BASEL norms |
| C. | Capital Adequacy Norms |
| D. | None of these |
| Answer» B. BASEL norms | |
| 35. |
FDR stands for ………….. |
| A. | Fixed Delivery Receipt |
| B. | Fixed Deposit Receipt |
| C. | Final Deposit Receipt |
| D. | Final Delivery Receipt |
| Answer» C. Final Deposit Receipt | |
| 36. |
_____________are NOT a part of the Scheduled banking structure in India. |
| A. | Money lenders |
| B. | Public sector banks |
| C. | Private sector banks |
| D. | Regional rural banks |
| Answer» B. Public sector banks | |
| 37. |
What are the major change in banking sector of India after nationalization of Banks? |
| A. | Expansion of bank branches |
| B. | Cut throat competition in Banking sector |
| C. | Introduction of Banking Regulation Act |
| D. | Establishment of RBI |
| Answer» B. Cut throat competition in Banking sector | |
| 38. |
Which of the following coins is not issued by the RBI? |
| A. | Re. 1 |
| B. | Rs. 2 |
| C. | Rs. 5 |
| D. | Rs. 10 |
| Answer» B. Rs. 2 | |
| 39. |
A type of loan given by one bank to another bank is……..? |
| A. | money at call and short notice |
| B. | bridge loan |
| C. | term loan |
| D. | d .none of these |
| Answer» B. bridge loan | |
| 40. |
For the purpose of Income Tax Act, 1961 , the RRBs are treated as |
| A. | Scheduled commercial banks |
| B. | Non-scheduled banks |
| C. | Nationalized banks |
| D. | Co-operative banks |
| Answer» E. | |
| 41. |
CRR refer s to ………….. |
| A. | Cash Reserve Ratio |
| B. | Credit Reserve Ratio |
| C. | Common Reserve Ratio |
| D. | None of these |
| Answer» B. Credit Reserve Ratio | |
| 42. |
Both assignment and nomination are possible in the case of …………insurance policies |
| A. | life |
| B. | fire |
| C. | marine |
| D. | vehicle |
| Answer» C. marine | |
| 43. |
Which of the following is not a regulatory institution in Indian financial system? |
| A. | RBI |
| B. | CIBIL |
| C. | SEBI |
| D. | IRDA |
| Answer» C. SEBI | |
| 44. |
Which was the first Cooperative Bank established in India? |
| A. | Bharat Cooperative Bank Limited |
| B. | Kangra Central Co-operative Bank Limited |
| C. | Anyonya Co-operative Bank Limited |
| D. | Abhyudaya Co-operative Limited |
| Answer» D. Abhyudaya Co-operative Limited | |
| 45. |
On which rate method, the interest is charged on the full amount of theloan throughout the entire period of loan |
| A. | Fixed rate of interest |
| B. | Floating rate of interest |
| C. | Flat rate of interest |
| D. | Compound rate of interest |
| Answer» D. Compound rate of interest | |
| 46. |
The amount is instantly credited to the account of the customer in ----- |
| A. | ATM |
| B. | EFT |
| C. | CDM |
| D. | None of these |
| Answer» D. None of these | |
| 47. |
Example for Foreign Bank is ----- |
| A. | Centurion Bank |
| B. | City Bank |
| C. | Axis Bank |
| D. | All |
| Answer» C. Axis Bank | |
| 48. |
The merger of _________and ________was the first M and A activity after liberalization. |
| A. | Times Bank and HDFC Bank |
| B. | New Bank of India and Punjab National Bank |
| C. | ICICI and ICICI Bank |
| D. | GTB and Oriental Bank of Commerce |
| Answer» D. GTB and Oriental Bank of Commerce | |
| 49. |
Insurance is defined as a |
| A. | Contract |
| B. | Social device |
| C. | Co-operative device |
| D. | All |
| Answer» E. | |
| 50. |
Which of the following combinations is correct? |
| A. | NABARD--------Industrial Loan |
| B. | RBI---------------Long term Finance |
| C. | RRB---------------Agriculture Finance |
| D. | IDBI---------------Short Term Loans |
| Answer» D. IDBI---------------Short Term Loans | |