MCQOPTIONS
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MCQOPTIONS
This section includes 815 Mcqs, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 551. |
Delivery of banks service to a customer at his office or home by usingelectronic technology is called ---- |
| A. | ATM |
| B. | EFT |
| C. | E-Banking |
| D. | None of these |
| Answer» D. None of these | |
| 552. |
Which of these are at the lowest rung of Rural Cooperative banking structure in India? |
| A. | State Cooperative Banks |
| B. | District Central Cooperative Banks |
| C. | Primary Agricultural Credit Societies |
| D. | None of the above |
| Answer» D. None of the above | |
| 553. |
When a deposit of money is received by the banker , the customer becomes the …………..? |
| A. | debtor |
| B. | creditor |
| C. | customer |
| D. | lender |
| Answer» C. customer | |
| 554. |
India is a member of the International Monetary Fund since _____. |
| A. | 1934 |
| B. | 1935 |
| C. | 1947 |
| D. | 1949 |
| Answer» D. 1949 | |
| 555. |
------- banks accept deposits but customer balance should not exceed Rs.1 lakh |
| A. | Small Finance Bank |
| B. | Consortium Bank |
| C. | Payment Bank |
| D. | None of these. |
| Answer» D. None of these. | |
| 556. |
Which is the fastest possible money transfer system through banking channel |
| A. | RTGS |
| B. | EFT |
| C. | ATM |
| D. | None of these |
| Answer» B. EFT | |
| 557. |
------- is the deliberate attempt by the central bank to influence the volume ofcredit available in the country. |
| A. | OMO |
| B. | SLR |
| C. | BRP |
| D. | None of these |
| Answer» B. SLR | |
| 558. |
Hull insurance related in the case of ………. |
| A. | building |
| B. | life |
| C. | machine |
| D. | ship |
| Answer» E. | |
| 559. |
The person who seeks protection against a risk and to whom theinsurance policy is issued is known as …………. |
| A. | Insurer |
| B. | customer |
| C. | insured |
| D. | creditor |
| Answer» D. creditor | |
| 560. |
_____is the apex bank of the banking sector of an economy. |
| A. | BOI |
| B. | SBI |
| C. | RBI |
| D. | none |
| Answer» D. none | |
| 561. |
What is NOT a mechanism that contributes to the success of micro-credits? |
| A. | Collaterals |
| B. | Dynamic incentives |
| C. | Peer monitoring |
| D. | Regular payment schedules |
| Answer» B. Dynamic incentives | |
| 562. |
Nomination once done can |
| A. | Not be cancelled |
| B. | Be cancelled |
| C. | Not be changed |
| D. | None of above |
| Answer» C. Not be changed | |
| 563. |
The Rules and Regulations of a Co-operative Society is formed in its |
| A. | Bylaws |
| B. | General Body |
| C. | Co-operative Act |
| D. | Co-operative rules |
| Answer» D. Co-operative rules | |
| 564. |
The total authorized capital of RRBs was originally fixed at Rs 1 crore which has since has been raisedto………….. |
| A. | Rs 2 crore |
| B. | Rs 3 crore |
| C. | Rs 5 crore |
| D. | Rs 7 crore |
| Answer» D. Rs 7 crore | |
| 565. |
…………….. is the price paid by the insured for the risk undertaken by theinsurer |
| A. | Wages |
| B. | premium |
| C. | salary |
| D. | compensation |
| Answer» C. salary | |
| 566. |
Where was the first society under Cooperative Societies Act 1904 registered in India? |
| A. | Madurai |
| B. | Kanjipoorum |
| C. | Gaya |
| D. | Panaji |
| Answer» C. Gaya | |
| 567. |
ECS refers to …………… |
| A. | Easy Cash Service |
| B. | Electronic Clearing Service |
| C. | Electronic cash service |
| D. | Easy Clearing Service |
| Answer» C. Electronic cash service | |
| 568. |
When did the National Bank of Agriculture and Rural Development establish? |
| A. | July, 1982 |
| B. | July, 1969 |
| C. | June, 1951 |
| D. | June, 1961 |
| Answer» B. July, 1969 | |
| 569. |
------- is a temporary financial arrangement by the bank to draw more than theamount standing to his credit. |
| A. | Overdraft |
| B. | Bridge loans |
| C. | Cash credit |
| D. | None of these. |
| Answer» B. Bridge loans | |
| 570. |
The State Bank group (Including SBI) has how many subsidiaries: |
| A. | 8 |
| B. | 9 |
| C. | 7 |
| D. | 10 |
| Answer» B. 9 | |
| 571. |
Which Private bank is the wholly owned subsidiary of Bank of Baroda? |
| A. | Axis Bank |
| B. | Nainital Bank |
| C. | HDFC Bank |
| D. | Bandhan Bank |
| Answer» C. HDFC Bank | |
| 572. |
Bank does not give loan against |
| A. | Gold Ornaments b |
| B. | LIC policy |
| C. | Lottery ticket |
| D. | NSC |
| Answer» D. NSC | |
| 573. |
Reserve bank is the central bank of USA |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 574. |
RBI’s monetary policy has to sub serve the national, economic & social objectives |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 575. |
Which one of the following statements is most appropriate regarding transaction made inmoney? |
| A. | It is the easiest way. |
| B. | It is the safest way. |
| C. | It is the cheapest way. |
| D. | It promotes trade. |
| Answer» B. It is the safest way. | |
| 576. |
RTGS stands for …………… |
| A. | Real Time Gross Settlement |
| B. | Real Term Gross Settlement |
| C. | Real Time Goal Settlement |
| D. | Real Term Goal Settlement |
| Answer» B. Real Term Gross Settlement | |
| 577. |
Where is the head Quarter of SBI? |
| A. | Mumbai |
| B. | Delhi |
| C. | Kolkata |
| D. | Chennai |
| Answer» B. Delhi | |
| 578. |
Micro credit or micro finance is a novel approach to bank with the poor. In this approach bank credit isextended to the poor through which of the following? |
| A. | Self Help Groups |
| B. | Anganwadees |
| C. | Co-operative credit Societies |
| D. | RBI |
| Answer» B. Anganwadees | |
| 579. |
RBI provides the Ways and Means Advances to whom? |
| A. | Central Government |
| B. | State Government |
| C. | Commercial Banks |
| D. | All of these |
| Answer» C. Commercial Banks | |
| 580. |
NABARD was set up essentially as a development bank for promoting: |
| A. | Agriculture Development only |
| B. | Rural Development only |
| C. | Both of The Above |
| D. | None of The Above |
| Answer» D. None of The Above | |
| 581. |
The rupee Note contain the signature of – |
| A. | Finance Secretary, GOI |
| B. | Chairman, SBI |
| C. | Governor, RBI |
| D. | Finance Minister, GOI |
| Answer» E. | |
| 582. |
Maximum amount of Cheque |
| A. | Rs.100 crore |
| B. | No limit |
| C. | Rs.1 crore |
| D. | None of above |
| Answer» C. Rs.1 crore | |
| 583. |
General Insurance relates to insurance against |
| A. | Fire |
| B. | Theft |
| C. | Burglary |
| D. | All of above |
| Answer» E. | |
| 584. |
----- is the deliberate attempt by the RBI to influence the volume of availablein the country. |
| A. | Bank Rate Policy. |
| B. | Open Market Operations |
| C. | Qualitative credit control. |
| D. | All |
| Answer» C. Qualitative credit control. | |
| 585. |
Why is currency accepted as a medium of exchange? |
| A. | Because the currency is authorised by the government of the country. |
| B. | Because it is liked by the people who use it. |
| C. | Because the use of currency has its origin in ancient times. |
| D. | Because the currency is authorised by the World Bank. |
| Answer» B. Because it is liked by the people who use it. | |
| 586. |
Where is the operational head office of HSBC Bank located in India? |
| A. | New Delhi |
| B. | Bangalore |
| C. | Mumbai |
| D. | Chennai |
| Answer» D. Chennai | |
| 587. |
Who manages the registration and management activities of Urban co-operative banks in India? |
| A. | RBI |
| B. | NABARD |
| C. | RCS |
| D. | None of the above |
| Answer» D. None of the above | |
| 588. |
CTS refers to ……….. |
| A. | Cheque Truncation System |
| B. | Cheque Transaction System |
| C. | Cheque Truncation Solution |
| D. | Cheque Transaction Solution |
| Answer» B. Cheque Transaction System | |
| 589. |
At which of the following cities is the Head Office of Reserve Bank of India located? |
| A. | Mumbai |
| B. | New Delhi |
| C. | Kolkata |
| D. | Dehradun |
| Answer» B. New Delhi | |
| 590. |
-----------------------insurance is a cash value policy that provides life timeprotection by paying a lump sum death benefits. |
| A. | Endowment insurance |
| B. | Term insurance |
| C. | Whole life insurance |
| D. | Life insurance |
| Answer» E. | |
| 591. |
Regional Rural bank are empowered to transact the business of banking as defined under |
| A. | Banking Regulation Act,1949 |
| B. | Negotiable Instrument Act,1881 |
| C. | Regional Rural banks Act , 1976 |
| D. | None of these |
| Answer» B. Negotiable Instrument Act,1881 | |
| 592. |
Which of the following pairing is no correct? |
| A. | State Bank of Bikaner & Jaipur – Jaipur |
| B. | State Bank of Hyderabad – Hyderabad |
| C. | State Bank of Mysore - Mysore |
| D. | State Bank of Patiala – Patiala |
| Answer» D. State Bank of Patiala – Patiala | |
| 593. |
which of the following is called bankers cheque ? |
| A. | demand draft |
| B. | debit card |
| C. | pay order |
| D. | fixed deposit |
| Answer» B. debit card | |
| 594. |
The primary relationship between banker and customer is ……………. |
| A. | Giver and receiver |
| B. | debtor and creditor |
| C. | insurer |
| D. | insured |
| Answer» C. insurer | |
| 595. |
Bank does not provide loans for |
| A. | Crop loans |
| B. | Education loans |
| C. | Home loans |
| D. | Drinking & Gambling |
| Answer» E. | |
| 596. |
Risk which arises if there is no change in the economic policies of thegovernment is |
| A. | dynamic risk |
| B. | static risk |
| C. | particular risk |
| D. | financial risk |
| Answer» C. particular risk | |
| 597. |
Which type of loans have less prone to the risk of becoming NPA |
| A. | Retail loans |
| B. | Whole sale loans |
| C. | Gold loans |
| D. | Mortage loans |
| Answer» B. Whole sale loans | |
| 598. |
Gold and silver ornaments should be kept in bank lockers |
| A. | It is safe |
| B. | No risk of theft |
| C. | Both (a) & (b) |
| D. | None of above |
| Answer» D. None of above | |
| 599. |
Transparency improves accountability of CB. |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» C. all | |
| 600. |
Imperial Bank was nationalized and name it as……………. |
| A. | State Bank of India |
| B. | Indian Bank |
| C. | Axis Bank |
| D. | Canara Bank |
| Answer» B. Indian Bank | |