815 + Mcqs in Finance Page 10 McqOptions

451.	Anything that increases the demand for foreign goods relative to domestic goods tends to _____ the domestic currency because domestic goods will only continue to sell well if the value of the domestic currency is _____.
A.	depreciate; lower
B.	depreciate; higher
C.	appreciate; lower
D.	appreciate; higher
Answer» B. depreciate; higher

Discussion

452.	Which of the following activity is not permissible for NBFC?
A.	loans and advances
B.	acquisition of shares
C.	insurance business
D.	construction of immovable property
Answer» E.

Discussion

453.	CDM refers to ………….
A.	Cash Deposit Machine
B.	Credit Development Method
C.	Cash Development Method
D.	Cash Development Machine
Answer» B. Credit Development Method

Discussion

454.	Debit card means
A.	Pay later
B.	Pay now
C.	Both of these
D.	None of these
Answer» C. Both of these

Discussion

455.	NABARD was set up with an initial capital of ______:
A.	Rs. 50 Crore
B.	Rs. 100 Crore
C.	Rs. 200 Crore
D.	None of The Above
Answer» C. Rs. 200 Crore

Discussion

456.	In the case of life insurance HLV refers to………….
A.	Home Legal Value
B.	Human Life Value
C.	Human Legal Value
D.	House Length Value
Answer» D. House Length Value

Discussion

457.	RTGS stands for _____
A.	Real time goods settlement
B.	Real time gross settlement
C.	Real time gross standardize
D.	none
Answer» C. Real time gross standardize

Discussion

458.	National Bank for Agriculture & Rural Development is the Full form of
A.	NABARD
B.	NABADR
C.	NABAARD
D.	NAABARD
Answer» B. NABADR

Discussion

459.	Business Correspondent means
A.	An agent who provides banking services
B.	An agent of business house
C.	A type of money lender
D.	None of above
Answer» B. An agent of business house

Discussion

460.	IRDA based in
A.	Hyderabad
B.	Kolkkatta
C.	Mumbai
D.	Chennai
Answer» B. Kolkkatta

Discussion

461.	…………… is a credit facility granted by commercial banks to currentaccount holders
A.	Cash credit
B.	overdraft
C.	discounting of bills of exchange
D.	demand loans
Answer» C. discounting of bills of exchange

Discussion

462.	…………………….is the fastest possible money transfer system through banking channel
A.	RTGS
B.	EFT
C.	ATM
D.	None of these
Answer» B. EFT

Discussion

463.	A cheque bears a date earlier than the date on which it is presented tothe bank it is called ………………
A.	post-dated cheque
B.	ante- dated cheque
C.	outstation cheque
D.	local cheque
Answer» C. outstation cheque

Discussion

464.	------ is the rate at which the central bank rediscounts the bills of commercialbanks
A.	Bank Rate Policy
B.	Central bank rate
C.	Credit rate
D.	None of these
Answer» B. Central bank rate

Discussion

465.	Internet banking refers to
A.	Operation of account through internet
B.	Opening of account through ATM
C.	Both (a) & (b)
D.	None of above
Answer» B. Opening of account through ATM

Discussion

466.	Which of these committees in 1945 recommended the setting up of a Cooperative Training College inevery state?
A.	Saraiya Committee
B.	Maclagan Committee
C.	Narsimaham Committee
D.	Rajagopalachari Committee
Answer» B. Maclagan Committee

Discussion

467.	The RBI was established as a private shareholders bank
A.	True
B.	False
C.	all
D.	none
Answer» B. False

Discussion

468.	NHB is the full name of
A.	National Housing Bank
B.	National house bank
C.	National Banking bonus
D.	National Housing board
Answer» B. National house bank

Discussion

469.	Reserve Bank of India was nationalized on___________.
A.	21 May 1948
B.	13 July 1951
C.	1 January 1949
D.	12 October 1951
Answer» D. 12 October 1951

Discussion

470.	PPF means
A.	Pension Planning Funds
B.	Person having Pension Facilities
C.	Public Provident Fund
D.	Permanent Practitioner’s Forum
Answer» D. Permanent Practitioner’s Forum

Discussion

471.	Bhartiya Mahila Bank was founded in the year ____?
A.	2011
B.	2012
C.	2013
D.	2014
Answer» D. 2014

Discussion

472.	Which one of them are correct in the case of parties involved in a cheque ?
A.	Debtor and Creditor
B.	Banker and customer
C.	Drawer, Drawee and Payee
D.	Drawer and Payee
Answer» D. Drawer and Payee

Discussion

473.	Who is the custodian of monetary reserves in India?
A.	SBI
B.	SIDBI
C.	NABARD
D.	RBI
Answer» E.

Discussion

474.	When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as:
A.	Term Deposit
B.	Demand Deposit
C.	Bond
D.	Mortgage
Answer» B. Demand Deposit

Discussion

475.	In which year were the Subsidiaries of SBI nationalized?
A.	1955
B.	1959
C.	1949
D.	1969
Answer» C. 1949

Discussion

476.	Banks provide a higher rate of interest on which of the following accounts?
A.	Saving account
B.	Current account
C.	Fixed deposits for long period
D.	Fixed deposits for very short period
Answer» D. Fixed deposits for very short period

Discussion

477.	Paperless banking is known as
A.	RTGS
B.	Internet banking
C.	EFT
D.	mobile banking
Answer» D. mobile banking

Discussion

478.	Which of the following is/ are the Quantitative Instrument of RBI?
A.	CRR
B.	Bank Rate Policy
C.	SLR
D.	All of these
Answer» E.

Discussion

479.	What percentage of their deposits is kept as cash by the banks in India?
A.	25%
B.	20%
C.	15%
D.	10%
Answer» D. 10%

Discussion

480.	Interest Rate of Deposits of a Co-operative Credit Societies are fixed by
A.	RBI
B.	General Body
C.	Registrar
D.	Government
Answer» D. Government

Discussion

481.	Banks use the major portion of the deposits to:
A.	Keep as reserve so that people may withdraw
B.	Meet their routine expenses
C.	Extend loans
D.	Meet renovation of bank
Answer» D. Meet renovation of bank

Discussion

482.	State bank of INDIA started merchant banking in
A.	1972
B.	1978
C.	1973
D.	1980
Answer» D. 1980

Discussion

483.	Which of the following statements related to Micro Finance System is wrong?
A.	It provides micro credit having scope for small savings and remittances of funds
B.	It based on the principles of livelihood creations
C.	High volumes of low transactions done through this system
D.	None is wrong
Answer» E.

Discussion

484.	Which nationalised bank was merged with Punjab National bank in 1993?
A.	Punjab and Sind Bank
B.	Ludhiana Area Bank
C.	Majha United Bank
D.	New bank of India
Answer» E.

Discussion

485.	All RRBs are required to maintain their entire SLR in
A.	Govt. & other approved securities
B.	current accounts with sponsor Banks
C.	time deposits with sponsor Banks
D.	Gold holdings only
Answer» B. current accounts with sponsor Banks

Discussion

486.	In the case of a cheque the drawee will always be a specified ………… withwhom the drawer keeps an account.
A.	person
B.	partner
C.	customer
D.	banker
Answer» E.

Discussion

487.	The General Insurance Corporation of India was formed in the year …….
A.	1973
B.	1948
C.	1956
D.	1984
Answer» B. 1948

Discussion

488.	An Investment Bank is a bank
A.	Which invests money in another bank
B.	Which collects investments from public
C.	An intermediary which performs a variety of financial services to corporate
D.	none
Answer» D. none

Discussion

489.	Urban Cooperative Banks are also called as?
A.	Short-term co-operatives
B.	Secondary Cooperative Banks
C.	Primary Cooperative Banks
D.	Long-term co-operatives
Answer» D. Long-term co-operatives

Discussion

490.	IDBI was established in ____________.
A.	1948
B.	1954
C.	1992
D.	1964
Answer» E.

Discussion

491.	The first bank of India 'Bank of Hindustan' was established in the year?
A.	1880
B.	1870
C.	1770
D.	1775
Answer» D. 1775

Discussion

492.	Who issues the currency notes in India?
A.	Currency notes are issued by the Finance Commission.
B.	All the nationalized banks can issue the currency notes.
C.	Only Reserve Bank of India can issue currency notes.
D.	Any individual or organization can issue cur¬rency notes with the permission of the govt.
Answer» D. Any individual or organization can issue cur¬rency notes with the permission of the govt.

Discussion

493.	What is the number of nationalized banks in India?
A.	20
B.	28
C.	27
D.	19
Answer» B. 28

Discussion

494.	100/- Rupee note is signed by
A.	Prime Minister
B.	Finance Minister
C.	RBI Governor
D.	None of above
Answer» D. None of above

Discussion

495.	Life Insurance Corporation of India was formed in the year …….
A.	1948
B.	1964
C.	1956
D.	1988
Answer» D. 1988

Discussion

496.	Highest denomination of currency notes issued by RBI is
A.	Rs.100/-
B.	Rs.500/-
C.	Rs.1,000/-
D.	Rs.10,000/-
Answer» E.

Discussion

497.	Which is incorrect with regard to powers of RBI:
A.	Holds cash reserve banks
B.	Controls banking system through licensing
C.	Supervises Banking system through inspection
D.	None of the above
Answer» E.

Discussion

498.	In which year Negotiable Instrument Act was passed ………?
A.	1981
B.	1956
C.	1881
D.	1984
Answer» D. 1984

Discussion

499.	E-payments are increased due to_____
A.	online work
B.	online payments
C.	online shopping
D.	none
Answer» D. none

Discussion

500.	-------Insurance covers many persons under one contract
A.	Public insurance
B.	Group insurance
C.	Personal accident insurance
D.	None of these
Answer» C. Personal accident insurance

Discussion

Explore topic-wise MCQs in Current Affairs.

Anything that increases the demand for foreign goods relative to domestic goods tends to _____ the domestic currency because domestic goods will only continue to sell well if the value of the domestic currency is _____.

Which of the following activity is not permissible for NBFC?

CDM refers to ………….

Debit card means

NABARD was set up with an initial capital of ______:

In the case of life insurance HLV refers to………….

RTGS stands for _____

National Bank for Agriculture & Rural Development is the Full form of

Business Correspondent means

IRDA based in

…………… is a credit facility granted by commercial banks to currentaccount holders

…………………….is the fastest possible money transfer system through banking channel

A cheque bears a date earlier than the date on which it is presented tothe bank it is called ………………

------ is the rate at which the central bank rediscounts the bills of commercialbanks

Internet banking refers to

Which of these committees in 1945 recommended the setting up of a Cooperative Training College inevery state?

The RBI was established as a private shareholders bank

NHB is the full name of

Reserve Bank of India was nationalized on___________.

PPF means

Bhartiya Mahila Bank was founded in the year ____?

Which one of them are correct in the case of parties involved in a cheque ?

Who is the custodian of monetary reserves in India?

When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as:

In which year were the Subsidiaries of SBI nationalized?

Banks provide a higher rate of interest on which of the following accounts?

Paperless banking is known as

Which of the following is/ are the Quantitative Instrument of RBI?

What percentage of their deposits is kept as cash by the banks in India?

Interest Rate of Deposits of a Co-operative Credit Societies are fixed by

Banks use the major portion of the deposits to:

State bank of INDIA started merchant banking in

Which of the following statements related to Micro Finance System is wrong?

Which nationalised bank was merged with Punjab National bank in 1993?

All RRBs are required to maintain their entire SLR in

In the case of a cheque the drawee will always be a specified ………… withwhom the drawer keeps an account.

The General Insurance Corporation of India was formed in the year …….

An Investment Bank is a bank

Urban Cooperative Banks are also called as?

IDBI was established in ____________.

The first bank of India 'Bank of Hindustan' was established in the year?

Who issues the currency notes in India?

What is the number of nationalized banks in India?

100/- Rupee note is signed by

Life Insurance Corporation of India was formed in the year …….

Highest denomination of currency notes issued by RBI is

Which is incorrect with regard to powers of RBI:

In which year Negotiable Instrument Act was passed ………?

E-payments are increased due to_____

-------Insurance covers many persons under one contract

Anything that increases the demand for foreign goods relative to domestic goods tends to _ the domestic currency because domestic goods will only continue to sell well if the value of the domestic currency is _.