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. |
In which year was the Bank of Maharashtra established? |
| A. | 1937 |
| B. | 1935 |
| C. | 1934 |
| D. | 1949 |
| Answer» C. 1934 | |
| 2. |
Banking Regulation Act was comes into existence……… |
| A. | 1949 |
| B. | 1934 |
| C. | 1956 |
| D. | 1949 |
| Answer» B. 1934 | |
| 3. |
When were the banks nationalized in our country? |
| A. | On 1st July 1965 |
| B. | On 19th July 1969 |
| C. | On 19th July 1969 and 15th April 1980 |
| D. | On 16th April 1980 and 1st July 1965 |
| Answer» D. On 16th April 1980 and 1st July 1965 | |
| 4. |
SBI act was passed in parliament in? |
| A. | 1935 |
| B. | 1949 |
| C. | 1955 |
| D. | 1969 |
| Answer» D. 1969 | |
| 5. |
The first associate bank of SBI? |
| A. | State Bank of Travancore |
| B. | State Bank of Patiala |
| C. | State Bank of Hyderabad |
| D. | State Bank of Indore |
| Answer» D. State Bank of Indore | |
| 6. |
When was the State Bank of India nationalised? |
| A. | 1955 |
| B. | 1956 |
| C. | 1959 |
| D. | 1964 |
| Answer» B. 1956 | |
| 7. |
General Insurance Corporation of India Act was formed in ---- |
| A. | 1973 |
| B. | 1963 |
| C. | 1972 |
| D. | 1962 |
| Answer» D. 1962 | |
| 8. |
Why were Banks nationalised in India? |
| A. | To borrow money from USA |
| B. | To follow the IMF Guidelines |
| C. | To provide the government of India more control of credit delivery |
| D. | All of the above |
| Answer» D. All of the above | |
| 9. |
----- are norms for banks aimed at mitigating the risk and strengthening thecapital structure of the banks of member countries. |
| A. | IRAC rules |
| B. | BASEL norms |
| C. | Capital Adequacy Norms |
| D. | None of these |
| Answer» C. Capital Adequacy Norms | |
| 10. |
------- is based on the voice processing facility available with the bankcomputers. |
| A. | Internet Banking |
| B. | Tele Banking |
| C. | Mobile Banking |
| D. | All |
| Answer» C. Mobile Banking | |
| 11. |
Which among the following authorities issues currency notes on behalf of the government? |
| A. | Government of India |
| B. | The State Bank of India |
| C. | National Bank for Agriculture and Rural Development |
| D. | Reserve Bank of India |
| Answer» E. | |
| 12. |
In which year the head quarter of RBI is moved from Kolkata to Mumbai (Then Bombay)? |
| A. | 1936 |
| B. | 1937 |
| C. | 1938 |
| D. | 1939 |
| Answer» C. 1938 | |
| 13. |
TDS means |
| A. | Time Deposit Scheme |
| B. | Total Deposit Scheme |
| C. | Tax Deducted at Source |
| D. | None of above |
| Answer» D. None of above | |
| 14. |
RRBs are managed by |
| A. | RBI |
| B. | a board of director |
| C. | the sponsor bank |
| D. | the state Govt. |
| Answer» C. the sponsor bank | |
| 15. |
Which of the following are loans of very small amounts given to low income groups or poor household? |
| A. | Simple Credit |
| B. | Rural Credit |
| C. | Micro Credit |
| D. | No Frills Loan |
| Answer» D. No Frills Loan | |
| 16. |
Which one of the following is a modem form of currency? |
| A. | Gold |
| B. | Silver |
| C. | Copper |
| D. | Paper notes |
| Answer» E. | |
| 17. |
What is the full-form of NBFC? |
| A. | Non-Bank Financial Competition |
| B. | Non-Bank Foreign Company |
| C. | Non-Banking Financial Company |
| D. | Non-Banking Finance Corporation |
| Answer» D. Non-Banking Finance Corporation | |
| 18. |
What was the target set by Narasimham-II Committee for the capital adequacy ratio of the banks bythe year 2000? |
| A. | 8% |
| B. | 9% |
| C. | 10% |
| D. | 11% |
| Answer» C. 10% | |
| 19. |
Bankers Book Evidence Act was comes into existence ---- |
| A. | 1881 |
| B. | 1891 |
| C. | 1890 |
| D. | 1892 |
| Answer» C. 1890 | |
| 20. |
Delivery of financial services at affordable costs to the disadvantaged Low income segments of the society known as……….. |
| A. | Credit creation |
| B. | financial exclusion |
| C. | Financial Inclusion |
| D. | consumer credit |
| Answer» D. consumer credit | |
| 21. |
RRBs were set up on |
| A. | 1975 |
| B. | 1985 |
| C. | 1991 |
| D. | 2001 |
| Answer» B. 1985 | |
| 22. |
IBRD is also Known as ----- |
| A. | Central Bank |
| B. | World Bank |
| C. | Exim Bank |
| D. | All |
| Answer» C. Exim Bank | |
| 23. |
Insurance Act was comes into existence on ……. |
| A. | 1956 |
| B. | 1948 |
| C. | 1938 |
| D. | 1988 |
| Answer» D. 1988 | |
| 24. |
How many zonal training centers of RBI are there in India? |
| A. | 2 |
| B. | 3 |
| C. | 4 |
| D. | 5 |
| Answer» D. 5 | |
| 25. |
Which is the largest cooperative bank of India presently? |
| A. | Saraswat Bank |
| B. | NKGSB Bank |
| C. | Apna Sahakari Bank L |
| Answer» B. NKGSB Bank | |
| 26. |
SIDBI is one of the four All India Financial Institutions regulated and supervised bythe Reserve Bank of India |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 27. |
Interest on Savings Bank Deposits is paid |
| A. | Every month |
| B. | Quarterly |
| C. | Half yearly |
| D. | Yearly |
| Answer» D. Yearly | |
| 28. |
A ……….. is a person to whom the management of a particular property isentrusted for the exclusive benefit of a third party |
| A. | customer |
| B. | beneficiary |
| C. | trustee |
| D. | agent |
| Answer» D. agent | |
| 29. |
Bank charges interest on |
| A. | Deposits |
| B. | Loans |
| C. | Both (a) & (b) |
| D. | None of above |
| Answer» C. Both (a) & (b) | |
| 30. |
Under which banking aims at targeting customers with large valuetransaction |
| A. | Whole sale banking |
| B. | Merchant banking |
| C. | Retail banking |
| D. | Internet banking |
| Answer» B. Merchant banking | |
| 31. |
………… is the right of a creditor to retain possession of the property belonging to the debtor until certain demands of the person in possession are satisfied. |
| A. | Lien |
| B. | Returning |
| C. | Surrender |
| D. | None of these |
| Answer» B. Returning | |
| 32. |
Th e practice of conducting banking transactions from home rather than atbank branches by means of electronic telecommunication known as------ |
| A. | branch banking |
| B. | group banking |
| C. | chain banking |
| D. | home banking |
| Answer» E. | |
| 33. |
Who regulates the functioning of District Cooperative Banks in India? |
| A. | State Government |
| B. | RBI |
| C. | State Cooperative Banks |
| D. | None |
| Answer» C. State Cooperative Banks | |
| 34. |
Federal Bank is a ------ |
| A. | Private sector Bank |
| B. | Foreign Bank |
| C. | Public sector Bank |
| D. | None of these |
| Answer» B. Foreign Bank | |
| 35. |
IRDA Act was passed in the year |
| A. | 1948 |
| B. | 2000 |
| C. | 1999 |
| D. | 1956 |
| Answer» D. 1956 | |
| 36. |
Lead Bank System was started in__________. |
| A. | 1966 |
| B. | 1967 |
| C. | 1968 |
| D. | 1969 |
| Answer» E. | |
| 37. |
Transparency improves _________ of CB |
| A. | accountability |
| B. | credibility |
| C. | both |
| D. | none |
| Answer» C. both | |
| 38. |
Current deposit is also known as ………. |
| A. | Savings deposit |
| B. | demand deposit |
| C. | time deposit. |
| D. | recurring deposit |
| Answer» C. time deposit. | |
| 39. |
When the life insurance corporation of India was formed? |
| A. | August 1 1956 |
| B. | November 1 1956 |
| C. | September 1 1956 |
| D. | January 1 1956 |
| Answer» D. January 1 1956 | |
| 40. |
Admission of members and allocation of shares in a Co-operative Society is the duty of |
| A. | Managing committee |
| B. | General Body |
| C. | Secretary |
| D. | President |
| Answer» B. General Body | |
| 41. |
In 1955, the Reserve Bank of India acquired the controlling interests of the _________and SBI wascreated by an act of parliament: |
| A. | Bank of Hindustan |
| B. | Imperial Bank of India |
| C. | United India Bank |
| D. | None of These |
| Answer» C. United India Bank | |
| 42. |
In Insurance the consideration is known as |
| A. | Money |
| B. | Fund |
| C. | Return |
| D. | Premium |
| Answer» E. | |
| 43. |
ARDC stands for: |
| A. | Agriculture Refinance and Development Corporation |
| B. | Agriculture Research and Development Commission |
| C. | Agriculture Research and Development Corporation |
| D. | None of The Above |
| Answer» B. Agriculture Research and Development Commission | |
| 44. |
Monetary policy in India is formulated by ______ |
| A. | fiscal policy committee |
| B. | fiscal policy committee. |
| C. | general committee |
| D. | none |
| Answer» C. general committee | |
| 45. |
MICR refers to……………….. |
| A. | Magnetic Ink Character Recognition |
| B. | Magnetic Information Character Recognition |
| C. | Magnetic Ink Code Recognition |
| D. | Magnetic Icon Character recognition |
| Answer» B. Magnetic Information Character Recognition | |
| 46. |
Which of the following Governors of RBI also served as the Finance Minister of India? |
| A. | Pranav Mukherjee |
| B. | Amitabha Ghosh |
| C. | Sir Benegal Rama Rau |
| D. | Dr. Manmohan Singh |
| Answer» E. | |
| 47. |
Which of these banks was not associated with the State Bank of India in 1959? |
| A. | State Bank of Hyderabad |
| B. | State Bank of Indore |
| C. | State Bank of Mysore |
| D. | State Bank of Patna |
| Answer» E. | |
| 48. |
Timely repayment of loans results |
| A. | Good reputation |
| B. | No tension |
| C. | Easily availability of loan in future |
| D. | All of above |
| Answer» E. | |
| 49. |
______________is an apex institution to coordinate, supplement and integrate the activities of allexisting specialized financial institutions. |
| A. | IFCI |
| B. | IDBI |
| C. | RBI |
| D. | SEBI |
| Answer» C. RBI | |
| 50. |
ATM password should be kept in |
| A. | Personal diary |
| B. | Office diary |
| C. | Memory |
| D. | All of above |
| Answer» D. All of above | |