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.
| 651. |
There is competition between _______ banking and e- banking |
| A. | traditional |
| B. | Modern |
| C. | private |
| D. | none |
| Answer» B. Modern | |
| 652. |
Which one among the following has not started commercial banking? |
| A. | SIDBI |
| B. | IDBI |
| C. | ICICI |
| D. | UTI |
| Answer» B. IDBI | |
| 653. |
………… is a person to whom the amount of a cheque is payable |
| A. | Drawer |
| B. | Drawee |
| C. | Payee |
| D. | Customer |
| Answer» D. Customer | |
| 654. |
There is risk in E-banking |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» C. all | |
| 655. |
Cash which is stored electronically on a microchip is called |
| A. | E purse |
| B. | Debit card |
| C. | AYM |
| D. | Credit card |
| Answer» B. Debit card | |
| 656. |
Which statement is not true regarding RBI? |
| A. | It is the Central Bank of India. |
| B. | It was established in 1935. |
| C. | It can issue currency notes. |
| D. | Personal account can be opened in RBI. |
| Answer» E. | |
| 657. |
The bank which was not nationalized in 1969. |
| A. | Punjab National Bank |
| B. | Oriental Bank of Commerce |
| C. | Bank of Baroda |
| D. | Union Bank of India |
| Answer» C. Bank of Baroda | |
| 658. |
Forecasting or fixing rate of inflation is called______ |
| A. | deflation targeting |
| B. | Inflation targeting |
| C. | both |
| D. | none |
| Answer» C. both | |
| 659. |
Headquarter of 'NABARD' is located at: |
| A. | Mangalore, Karnataka |
| B. | Mumbai, Maharashtra |
| C. | New Delhi |
| D. | None of The Above |
| Answer» C. New Delhi | |
| 660. |
Bank having maximum number of branches in India |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | Punjab National Bank |
| D. | Bank of Baroda |
| Answer» C. Punjab National Bank | |
| 661. |
Financial institutions are also known as ______________. |
| A. | Financial organization |
| B. | Financial intermediaries |
| C. | Financial system |
| D. | Any of the above |
| Answer» C. Financial system | |
| 662. |
Export-Import (EXIM) Bank of India is the principal financial institution set up in |
| A. | 1982 |
| B. | 1983 |
| C. | 1985 |
| D. | 1986 |
| Answer» B. 1983 | |
| 663. |
Which among the following functions of NABARD is incorrect: |
| A. | Providing finance and also refinance for production and marketing in the rural areas |
| B. | Coordination and advising the operations of institutions engaged in rural credit |
| C. | Promoting research in agriculture and rural development |
| D. | None of The Above |
| Answer» E. | |
| 664. |
…………… is a person who draws or makes a cheque |
| A. | Drawee |
| B. | Drawer |
| C. | Payer |
| D. | payee |
| Answer» C. Payer | |
| 665. |
Which is India’s largest commercial bank? |
| A. | PNB |
| B. | SBI |
| C. | UTI |
| D. | Vijaya Bank |
| Answer» C. UTI | |
| 666. |
NEFT refers to…………... |
| A. | National Economic Fund Transfer |
| B. | National Economic Fund Transfer |
| C. | National Electronic Fee Transfer |
| D. | none of these |
| Answer» E. | |
| 667. |
________ is the apex institution in the country which looks after the development of the cottageindustry, small industries, village industries and other rural industries: |
| A. | NABARD |
| B. | SEBI |
| C. | SIDBI |
| D. | None of The Above |
| Answer» B. SEBI | |
| 668. |
When a deposit of money is received by the banker , the banker becomes the…………? |
| A. | creditor |
| B. | debtor |
| C. | receiver |
| D. | customer |
| Answer» C. receiver | |
| 669. |
What is the share of Sponsor Banks in the Regional Rural Banks? |
| A. | 75% |
| B. | 25% |
| C. | 15% |
| D. | 35% |
| Answer» E. | |
| 670. |
Bank draft is issued by |
| A. | Private Sector Banks |
| B. | Regional Rural Banks |
| C. | Public Sector Banks |
| D. | All of above |
| Answer» E. | |
| 671. |
Bank of Rajasthan is now merged with which of the following Banks? |
| A. | Axis Bank |
| B. | IDBI Bank |
| C. | ICICI bank |
| D. | HDFC Bank |
| Answer» D. HDFC Bank | |
| 672. |
RBI was nationalized in the year_______ |
| A. | 1949 |
| B. | 1935 |
| C. | 1934 |
| D. | none |
| Answer» B. 1935 | |
| 673. |
Who can open bank account? |
| A. | Indian citizen |
| B. | Non-Resident Indian |
| C. | Illiterate |
| D. | All of above |
| Answer» E. | |
| 674. |
RBI was introduced first ATM machine in India? |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» C. all | |
| 675. |
There is ____ in terms of transaction with E-banking |
| A. | privacy |
| B. | risk |
| C. | freedom |
| D. | none |
| Answer» C. freedom | |
| 676. |
IRDA stands for …….. |
| A. | Insurance Regulatory and Development Authority |
| B. | Industrial Development and development Authority |
| C. | Insurance Restructuring and Development Authority |
| D. | Insurance Refinancing and Development Authority |
| Answer» B. Industrial Development and development Authority | |
| 677. |
Which bank is known as banker’s bank? |
| A. | RBI |
| B. | SBI |
| C. | PNB |
| D. | NABARD |
| Answer» B. SBI | |
| 678. |
Reinstatement policy is related in the case of which policy |
| A. | A Life insurance policy |
| B. | Marine insurance policy |
| C. | Fire insurance policy |
| D. | Group insurance policy |
| Answer» D. Group insurance policy | |
| 679. |
E-payments are increased due to on line shopping. |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 680. |
E-banking has no disadvantages |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» C. all | |
| 681. |
State financial corporations is an example for -------- |
| A. | Industrial Bank |
| B. | Foreign Bank |
| C. | Public sector Bank |
| D. | All |
| Answer» B. Foreign Bank | |
| 682. |
Which of these committees was formed in 1915 to review the performance of cooperative societiesand suggest measures for strengthening them? |
| A. | Raja Hari Committee |
| B. | Maclagan Committee |
| C. | Saraiya Committee |
| D. | Frederick Nicholson Committee |
| Answer» C. Saraiya Committee | |
| 683. |
SBI has launched NETC- SBI FASTag. What does N stands for in NETC? |
| A. | Network |
| B. | National |
| C. | Numbered |
| D. | Nominal |
| Answer» C. Numbered | |
| 684. |
____is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers andemployees: |
| A. | HDFC bank |
| B. | Axis bank |
| C. | SBI bank |
| D. | PNB |
| Answer» D. PNB | |
| 685. |
The binding up of a co-operative Society means |
| A. | Liquidation |
| B. | Registration |
| C. | Amalgamation |
| D. | Reconstruction |
| Answer» B. Registration | |
| 686. |
Which among the following is considered as 100% CSR company: |
| A. | SDB (Small Development Banks) |
| B. | NABARD |
| C. | RRBs (Regional Rural Banks) |
| D. | None of The Above |
| Answer» C. RRBs (Regional Rural Banks) | |
| 687. |
The members of a Co-operative Society have ______________ liability. |
| A. | Joint |
| B. | Limited |
| C. | Unlimited |
| D. | Joint and Several |
| Answer» C. Unlimited | |
| 688. |
Regional Rural Banks (RRBs) were established by Regional Rural Banks Act in |
| A. | 1976 |
| B. | 1970 |
| C. | 1971 |
| D. | 1973 |
| Answer» B. 1970 | |
| 689. |
The main function of NABARD is to provide refinance for rural credit disburse by the_______and otherfinancial institutions as may be approved by the Reserve Bank of India: |
| A. | State Co-operative Banks |
| B. | The Regional Rural Banks |
| C. | State Co-operative Banks and The Regional Rural Banks |
| D. | None of The Above |
| Answer» D. None of The Above | |
| 690. |
When was general insurance business nationalized? |
| A. | 1938 |
| B. | 1971 |
| C. | 1973 |
| D. | 1993 |
| Answer» D. 1993 | |
| 691. |
NABARD stands for: |
| A. | National Bank for Agriculture and Research Development |
| B. | National Bank for Analysis of Rural Development |
| C. | National Bank for Agriculture and Rural Development |
| D. | None of The Above |
| Answer» D. None of The Above | |
| 692. |
____________ allocates saving efficiently in an economy to ultimate userseither for investment in real assets or for consumption. |
| A. | Economic system |
| B. | Banking system |
| C. | Financial system |
| D. | Market system |
| Answer» D. Market system | |
| 693. |
Loans to poor people by banks have many limitations including lack of security and high operating cost.So to help them which type of finance system developed? |
| A. | Ponzi schemes |
| B. | Micro finance System |
| C. | Money Laundering Schemes |
| D. | Money Tampering Finance |
| Answer» C. Money Laundering Schemes | |
| 694. |
Which one of the following is the new way of providing loans to the mral poor? |
| A. | Co-operative societies |
| B. | Traders |
| C. | Relatives and friends |
| D. | SHGs |
| Answer» E. | |
| 695. |
There is no fixed place of repayment in ------- |
| A. | debt due from bank |
| B. | ordinary commercial debt |
| C. | special debt |
| D. | None of |
| Answer» C. special debt | |
| 696. |
In Recurring Deposits, |
| A. | a fixed sum is deposited every month |
| B. | period of deposit is a fixed tenure |
| C. | interest is paid at FDR rate |
| D. | All of above |
| Answer» E. | |
| 697. |
SLR refers to ………….. |
| A. | Statutory Liquidity Ratio |
| B. | Stability Liquidity Ratio |
| C. | Safety Liquidity Ratio |
| D. | None of these |
| Answer» B. Stability Liquidity Ratio | |
| 698. |
Which of the first subsidiary bank of State Bank of India to do whole computerization of all its branches? |
| A. | State Bank of Patiala |
| B. | State Bank of Hyderabad |
| C. | State Bank of Saurashtra |
| D. | State Bank of Travancore |
| Answer» B. State Bank of Hyderabad | |
| 699. |
Prime lending rate is charged by |
| A. | Commercial bank |
| B. | Merchant bank |
| C. | Co-operative bank |
| D. | Development bank |
| Answer» B. Merchant bank | |
| 700. |
EFT stands for…….. |
| A. | Electronic Fund Transmission |
| B. | Electronic Fund Transfer |
| C. | Electronic Feature Transfer |
| D. | None of these |
| Answer» C. Electronic Feature Transfer | |