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.
| 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 | |
| 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. | |
| 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 | |
| 454. |
Debit card means |
| A. | Pay later |
| B. | Pay now |
| C. | Both of these |
| D. | None of these |
| Answer» C. Both of these | |
| 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 | |
| 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 | |
| 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 | |
| 458. |
National Bank for Agriculture & Rural Development is the Full form of |
| A. | NABARD |
| B. | NABADR |
| C. | NABAARD |
| D. | NAABARD |
| Answer» B. NABADR | |
| 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 | |
| 460. |
IRDA based in |
| A. | Hyderabad |
| B. | Kolkkatta |
| C. | Mumbai |
| D. | Chennai |
| Answer» B. Kolkkatta | |
| 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 | |
| 462. |
…………………….is the fastest possible money transfer system through banking channel |
| A. | RTGS |
| B. | EFT |
| C. | ATM |
| D. | None of these |
| Answer» B. EFT | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 467. |
The RBI was established as a private shareholders bank |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 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 | |
| 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 | |
| 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 | |
| 471. |
Bhartiya Mahila Bank was founded in the year ____? |
| A. | 2011 |
| B. | 2012 |
| C. | 2013 |
| D. | 2014 |
| Answer» D. 2014 | |
| 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 | |
| 473. |
Who is the custodian of monetary reserves in India? |
| A. | SBI |
| B. | SIDBI |
| C. | NABARD |
| D. | RBI |
| Answer» E. | |
| 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 | |
| 475. |
In which year were the Subsidiaries of SBI nationalized? |
| A. | 1955 |
| B. | 1959 |
| C. | 1949 |
| D. | 1969 |
| Answer» C. 1949 | |
| 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 | |
| 477. |
Paperless banking is known as |
| A. | RTGS |
| B. | Internet banking |
| C. | EFT |
| D. | mobile banking |
| Answer» D. mobile banking | |
| 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. | |
| 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% | |
| 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 | |
| 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 | |
| 482. |
State bank of INDIA started merchant banking in |
| A. | 1972 |
| B. | 1978 |
| C. | 1973 |
| D. | 1980 |
| Answer» D. 1980 | |
| 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. | |
| 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. | |
| 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 | |
| 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. | |
| 487. |
The General Insurance Corporation of India was formed in the year ……. |
| A. | 1973 |
| B. | 1948 |
| C. | 1956 |
| D. | 1984 |
| Answer» B. 1948 | |
| 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 | |
| 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 | |
| 490. |
IDBI was established in ____________. |
| A. | 1948 |
| B. | 1954 |
| C. | 1992 |
| D. | 1964 |
| Answer» E. | |
| 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 | |
| 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. | |
| 493. |
What is the number of nationalized banks in India? |
| A. | 20 |
| B. | 28 |
| C. | 27 |
| D. | 19 |
| Answer» B. 28 | |
| 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 | |
| 495. |
Life Insurance Corporation of India was formed in the year ……. |
| A. | 1948 |
| B. | 1964 |
| C. | 1956 |
| D. | 1988 |
| Answer» D. 1988 | |
| 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. | |
| 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. | |
| 498. |
In which year Negotiable Instrument Act was passed ………? |
| A. | 1981 |
| B. | 1956 |
| C. | 1881 |
| D. | 1984 |
| Answer» D. 1984 | |
| 499. |
E-payments are increased due to_____ |
| A. | online work |
| B. | online payments |
| C. | online shopping |
| D. | none |
| Answer» D. none | |
| 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 | |