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.
| 751. |
NABARD was established on the recommendations of : |
| A. | Shivaraman Committee |
| B. | Malhotra Committee |
| C. | Kumarmangalam Committee |
| D. | None of The Above |
| Answer» B. Malhotra Committee | |
| 752. |
With whom does the ownership of Public sector banks rest? |
| A. | Government of India |
| B. | Jointly with Government of India and share-holders from the public |
| C. | Jointly with Government of India and State Bank of India |
| D. | Jointly with Government of India and Reserve Bank of India |
| Answer» B. Jointly with Government of India and share-holders from the public | |
| 753. |
Which is the 3rd largest foreign bank of India in terms of branches? |
| A. | HSBC |
| B. | Citi Bank |
| C. | Standard Chartered |
| D. | Royal bank of Scotland |
| Answer» B. Citi Bank | |
| 754. |
The logo of RBI consists of which animal? |
| A. | Elephant |
| B. | Panther |
| C. | Black Buck |
| D. | Lion |
| Answer» C. Black Buck | |
| 755. |
Which of the following organizations/agencies works solely to monitor and arrange flow of agriculturecredit in India? |
| A. | NABARD |
| B. | SIDBI |
| C. | RBI |
| D. | SEBI |
| Answer» B. SIDBI | |
| 756. |
----------------- insurance policy pay the assured sum on maturity of the policyor on the death of the insured whichever is ealier |
| A. | Endowment insurance |
| B. | Term insurance |
| C. | Whole life insurance |
| D. | Life insurance |
| Answer» E. | |
| 757. |
----- is a loan for short term temporary financing for Business firms . |
| A. | Term loans |
| B. | Bridge loans |
| C. | Cash credit |
| D. | All |
| Answer» C. Cash credit | |
| 758. |
Bank’s services include |
| A. | Net banking |
| B. | Mobile banking |
| C. | Phone banking |
| D. | All the above |
| Answer» E. | |
| 759. |
Narasimham Committee was appointed on………… |
| A. | Agricultural reforms |
| B. | Industry reforms |
| C. | Insurance reforms |
| D. | Banking reforms |
| Answer» E. | |
| 760. |
------ banking refers to the use of technology and communication systems indelivering banking products and services to customers. |
| A. | Hi-tech banking |
| B. | Virtual banking |
| C. | PC |
| D. | Home banking. |
| Answer» B. Virtual banking | |
| 761. |
SBI lends money to other commercial banks. |
| A. | True |
| B. | False |
| C. | none |
| D. | none |
| Answer» B. False | |
| 762. |
------- Banks can issue ATM Debit cards but no Credit cards. |
| A. | Payment Bank |
| B. | Consortium Bank |
| C. | Small Finance Bank |
| D. | None of these |
| Answer» B. Consortium Bank | |
| 763. |
The informal source of credit does not include which one of the following? |
| A. | Traders |
| B. | Friends |
| C. | Cooperative Societies |
| D. | Moneylenders |
| Answer» D. Moneylenders | |
| 764. |
Nomination can be done in |
| A. | Savings Bank account |
| B. | Recurring Deposit account |
| C. | Fixed Deposit account |
| D. | All of above |
| Answer» E. | |
| 765. |
Aadhaar is |
| A. | 12 digit number card |
| B. | Identity proof issued by UIDAI |
| C. | Both (a) & (b) |
| D. | None of above |
| Answer» D. None of above | |
| 766. |
In which year the nationalization of RBI was occurred? |
| A. | 1947 |
| B. | 1949 |
| C. | 1951 |
| D. | 1953 |
| Answer» C. 1951 | |
| 767. |
According to which section of the RBI Act of 1934, RBI is liable to pay the value of banknote to itsholder? |
| A. | Section 22 |
| B. | Section 24 |
| C. | Section 26 |
| D. | Section 28 |
| Answer» D. Section 28 | |
| 768. |
KYC refers to…………. |
| A. | Know Your Customer |
| B. | Know Your Credit |
| C. | Know Your City |
| D. | Know Your Company |
| Answer» B. Know Your Credit | |
| 769. |
IFSC stands for ………….. |
| A. | Indian Financial System Code |
| B. | International Financial System Code |
| C. | Indian Fund Service Code |
| D. | None of these |
| Answer» B. International Financial System Code | |
| 770. |
Which of the following is the apex institution which handles refinance for agriculture and ruraldevelopment in India? |
| A. | RBI |
| B. | SIDBI |
| C. | NABARD |
| D. | RBI |
| Answer» D. RBI | |
| 771. |
National Housing Bank (NHB), was set up on |
| A. | 9 July 1988 |
| B. | 10 june 1988 |
| C. | 20 june 1898 |
| D. | 19 june 1985 |
| Answer» B. 10 june 1988 | |
| 772. |
Banks pays interest on |
| A. | Deposits |
| B. | Loans |
| C. | Both (a) & (b) |
| D. | None of above |
| Answer» B. Loans | |
| 773. |
Zero balance account is generally allowed to be open for – |
| A. | Salaried Class |
| B. | Business Man |
| C. | Foreign Customers |
| D. | Children |
| Answer» B. Business Man | |
| 774. |
Globalization has increased the role of central bank. |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 775. |
The Reserve Bank of India was established on _______. |
| A. | April 1, 1935 |
| B. | July 12, 1982 |
| C. | May 26, 2006 |
| D. | September 30, 2005 |
| Answer» B. July 12, 1982 | |
| 776. |
DCCBs |
| A. | District Central Cooperative Banks |
| B. | Director of Central Cooperative Banks |
| C. | Danish Credit Cooperative Banks |
| D. | Dane Creative Cooperative Banks |
| Answer» B. Director of Central Cooperative Banks | |
| 777. |
Electronic money is called as______ money |
| A. | E-cash, |
| B. | E-money, |
| C. | E-Rupee |
| D. | none |
| Answer» C. E-Rupee | |
| 778. |
Growth with ______is one of the important objectives of monetary policy of the RBI. |
| A. | Price feasibility |
| B. | Price Stability |
| C. | Price liability |
| D. | none |
| Answer» C. Price liability | |
| 779. |
SWIFT stands for …………….. |
| A. | Society for Worldwide Internet Financial Telecommunications |
| B. | Solution for Worldwide Interbank Financial Telecommunications |
| C. | Society for Worldwide Internet Financial Telecommunications |
| D. | Solution for Worldwide Interbank Financial Telecommunications |
| Answer» E. | |
| 780. |
NRI means |
| A. | Non Rural Individuals |
| B. | Non Rural Immigrants |
| C. | Non Resident Indian |
| D. | None of above |
| Answer» E. | |
| 781. |
When did the Government appoint for transfer of stake? |
| A. | 29 June |
| B. | 26 May |
| C. | 5 April |
| D. | 1 April |
| Answer» B. 26 May | |
| 782. |
Credit Information Bureau India Limited is India’s first credit ratingagency which was incorporated in the year…… |
| A. | 1988 |
| B. | 2000 |
| C. | 2005 |
| D. | 1995 |
| Answer» C. 2005 | |
| 783. |
Which of the following banks has the largest number of branches? |
| A. | PNB |
| B. | SBI |
| C. | Andhra Bank |
| D. | Canara Bank |
| Answer» C. Andhra Bank | |
| 784. |
Which of these banks was nationalised in 1969? |
| A. | United Bank of India |
| B. | Vijaya Bank |
| C. | Andhra Bank |
| D. | Punjab and Sind Bank |
| Answer» B. Vijaya Bank | |
| 785. |
RBI has withdrawn the circulation of coins in the denomination of 1 paise, 2 paise, 3 paise, 5 paise, 10paise, 20 paise and 25 paise in which year? |
| A. | 2010 |
| B. | 2011 |
| C. | 2012 |
| D. | 2013 |
| Answer» C. 2012 | |
| 786. |
Which among the following would not help RBI to control the inflation in the country? |
| A. | Increase in Reserve Ratio Requirements |
| B. | Increase in Bank Rate |
| C. | Purchase of securities in open market |
| D. | Increase in Repo Rate |
| Answer» D. Increase in Repo Rate | |
| 787. |
National Bank for Agriculture and Rural Development (NABARD) is anapex …………………………….. fully owned by Government of India. |
| A. | Development finance institution |
| B. | Credit financial institution. |
| C. | Agricultural Development institution |
| D. | National saving development |
| Answer» B. Credit financial institution. | |
| 788. |
PAN number is required for |
| A. | Deposits less than Rs.50,000/- |
| B. | Deposits in excess of Rs.1 lac |
| C. | Deposits Rs.50,000/- & above |
| D. | All transactions |
| Answer» D. All transactions | |
| 789. |
Establishment of SBI precedes the establishment of __________. |
| A. | Bank of Madras |
| B. | Bank of Calcutta |
| C. | Bank of Bombay |
| D. | All the above |
| Answer» E. | |
| 790. |
The RBI is establish in the year _____ |
| A. | 1934 |
| B. | 1935 |
| C. | 1949 |
| D. | none |
| Answer» B. 1935 | |
| 791. |
IDBI is the abbreviation of …… |
| A. | Industrial Development Bank of India |
| B. | Industrial Bank of India |
| C. | Industrial Development Bank |
| D. | Indian Development Bank of India |
| Answer» B. Industrial Bank of India | |
| 792. |
The Government of India is the single largest shareholder of this (SBI) fortune 500 entity with______ownership: |
| A. | 61.58% |
| B. | 64.58% |
| C. | 66.58% |
| D. | None of These |
| Answer» B. 64.58% | |
| 793. |
Industrial Reconstruction Corporation of India is the abbreviation of |
| A. | IFCI |
| B. | IRCI |
| C. | IIRC |
| D. | ICRI |
| Answer» C. IIRC | |
| 794. |
Regional Rural Banks were set up on the recommendations of: |
| A. | Nariman committee |
| B. | Narasimham committee |
| C. | Gadgil committee |
| D. | Puri committee |
| Answer» C. Gadgil committee | |
| 795. |
_____________ is regarded as a queen of Indian financial system. |
| A. | SEBI |
| B. | RBI |
| C. | Finance Ministry |
| D. | BSE |
| Answer» C. Finance Ministry | |
| 796. |
State Bank of India is a__________. |
| A. | Public Sector Bank |
| B. | Private Sector Bank |
| C. | Joint Sector Bank |
| D. | Non-Nationalized bank |
| Answer» B. Private Sector Bank | |
| 797. |
In which of the following cities, the regional headquarters of RBI is not situated? |
| A. | New Delhi |
| B. | Mumbai |
| C. | Bengaluru |
| D. | Kolkata |
| Answer» D. Kolkata | |
| 798. |
Which of the following factors is/ are considered by the RBI to determine the number of notes to beissued by it? |
| A. | GDP Growth |
| B. | Inflation |
| C. | Replacement of soiled banknotes |
| D. | All of these |
| Answer» E. | |
| 799. |
Which one of the apex bodies regulates the cooperative banks in India? |
| A. | NABARD |
| B. | RBI |
| C. | Sponsor Banks |
| D. | Both A and B |
| Answer» C. Sponsor Banks | |
| 800. |
In which year was the Banking Regulation Act passed? |
| A. | 1949 |
| B. | 1955 |
| C. | 1959 |
| D. | 1969 |
| Answer» B. 1955 | |