MCQOPTIONS
Saved Bookmarks
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.
| 701. |
In which of the following systems exchange of goods is done without use of money? |
| A. | Credit system |
| B. | Barter system |
| C. | Banking system |
| D. | Collateral system |
| Answer» C. Banking system | |
| 702. |
National Housing bank is a fully owned subsidiary of___________. |
| A. | HDFC |
| B. | HSBC |
| C. | RBI |
| D. | HUDCO |
| Answer» D. HUDCO | |
| 703. |
Which of the following bank is not regulated by Reserve Bank of India? |
| A. | State Bank of Sikkim |
| B. | IDBI Bank |
| C. | State Bank of Indore |
| D. | State Bank of Travancore |
| Answer» B. IDBI Bank | |
| 704. |
M Narasimham headed |
| A. | The working group constituted by the Government of India in July 1975 for the establishment of Regional Rural Banks |
| B. | The committee on the financial system 1991 |
| C. | The committee on Banking Sector Reforms 1997 |
| D. | All of the above |
| Answer» E. | |
| 705. |
The inflation target at present for India is_____ |
| A. | 5% |
| B. | 3% |
| C. | 4% |
| D. | none |
| Answer» D. none | |
| 706. |
The RBI is totally autonomous and independent of the government. |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» C. all | |
| 707. |
What does the microfinance model NOT predict? |
| A. | A decrease in interest rates when repayment is regular and in time |
| B. | Homogeneous risk groups |
| C. | Self-selection of best borrowers |
| D. | None of the above |
| Answer» D. None of the above | |
| 708. |
An important document for the membership in a Co-operative Society is |
| A. | Receipt |
| B. | Passbook |
| C. | Identity card |
| D. | Minute book |
| Answer» D. Minute book | |
| 709. |
When was the first law, regulating the working of cooperative societies, was promulgated by BritishIndia Government? |
| A. | 1902 |
| B. | 1904 |
| C. | 1907 |
| D. | 1908 |
| Answer» C. 1907 | |
| 710. |
CRR and SLR are monetary policy instruments |
| A. | True |
| B. | False |
| C. | none |
| D. | none |
| Answer» B. False | |
| 711. |
Which of the following is known as plastic money |
| A. | Credit card |
| B. | Debit card |
| C. | None of these |
| D. | Both of these |
| Answer» E. | |
| 712. |
The President of a Co-operative Society is |
| A. | Owner |
| B. | Officer |
| C. | Advisor |
| D. | Employees |
| Answer» C. Advisor | |
| 713. |
Which services provided by SBI: |
| A. | Agriculture/Rural Banking, NRI Services, ATM Services, Demat Services, Corporate Banking |
| B. | Internet Banking |
| C. | Mobile Banking, International Banking, Safe Deposit Banking, RBI –EFT |
| D. | All of the above |
| Answer» E. | |
| 714. |
Largest shareholder (in percentage shareholding) of a Nationalized bank is? |
| A. | RBI |
| B. | NABARD |
| C. | Government of India |
| D. | LIC |
| Answer» D. LIC | |
| 715. |
……………….. schemes are intended to insure a group of individual together |
| A. | Insurance |
| B. | wages |
| C. | salary |
| D. | group insurance |
| Answer» E. | |
| 716. |
Which of these is a Cooperative Bank in India? |
| A. | Cosmos Bank |
| B. | SVC Bank |
| C. | Janata Sahakari Bank |
| D. | All of the above |
| Answer» E. | |
| 717. |
The Imperial Bank of India, after its nationalization came to be known as |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | United Bank of India |
| D. | Indian Overseas Bank |
| Answer» C. United Bank of India | |
| 718. |
While making nomination, signature of nominee is required on |
| A. | Account Opening Form |
| B. | Nomination form |
| C. | Affidavit |
| D. | None of above |
| Answer» E. | |
| 719. |
PAN means |
| A. | A kind of utensil |
| B. | Primary Account Number |
| C. | Permanent Account Number |
| D. | None of above |
| Answer» E. | |
| 720. |
Co-operative societies with area of operation more than two states is registered by |
| A. | Central Government |
| B. | Central Registrar |
| C. | NCUI |
| D. | RBI |
| Answer» C. NCUI | |
| 721. |
Industrial Finance Corporation of India, is a Non-Banking Finance Company |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 722. |
Among the following banks, which bank has been renamed as Axis Bank Ltd? |
| A. | HDFC Bank |
| B. | Centurion Bank |
| C. | Lord Krishna Bank |
| D. | UTI Bank |
| Answer» E. | |
| 723. |
Central bank is that bank which controls ______ |
| A. | credit |
| B. | assets |
| C. | gold |
| D. | none |
| Answer» B. assets | |
| 724. |
Electronic money is called as E-cash money |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» C. all | |
| 725. |
Which of the following term is not used in the Formation of Monetary Policy? |
| A. | Cash Reserve Ratio |
| B. | Repo Rate |
| C. | Bank Rate |
| D. | Blue chip |
| Answer» E. | |
| 726. |
Virtual banking is also called ----- |
| A. | Internet Banking |
| B. | Home banking |
| C. | Mobile banking |
| D. | None of these |
| Answer» B. Home banking | |
| 727. |
The safest place for keeping money |
| A. | A pit dug in the ground |
| B. | An iron box |
| C. | Bank |
| D. | Money lender |
| Answer» D. Money lender | |
| 728. |
In which types of banking system several banks joins hands with each other formeeting the credit requirements of the large borrower ? |
| A. | group banking |
| B. | consortium banking |
| C. | net banking |
| D. | none of these |
| Answer» C. net banking | |
| 729. |
KYC means |
| A. | Know your customer |
| B. | Know your character |
| C. | Both of above |
| D. | None of above |
| Answer» B. Know your character | |
| 730. |
General relationship between banker and customer is ----- |
| A. | contractual relation ship |
| B. | trustee and beneficiary |
| C. | Right of agent |
| D. | none of these |
| Answer» C. Right of agent | |
| 731. |
E-banking will lead to new type of job opportunity |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 732. |
Where Citi Bank India was first established its office in 1902? |
| A. | Calcutta |
| B. | Bombay |
| C. | Madras |
| D. | Dhaka |
| Answer» B. Bombay | |
| 733. |
Which bank was united with the Punjab National Bank in 1993? |
| A. | Oudh Commercial Bank |
| B. | New Bank of India |
| C. | Punjab and Sind Bank |
| D. | Imperial Bank of India |
| Answer» C. Punjab and Sind Bank | |
| 734. |
Which is prohibited for writing on currency notes? |
| A. | Political message |
| B. | Religious message |
| C. | Personal message |
| D. | All of above |
| Answer» E. | |
| 735. |
Lead Bank System was started on the recommendations of _________. |
| A. | Raja Challaia Committee |
| B. | Kelkar Committee |
| C. | Nariman Committee |
| D. | Malhotra Committee |
| Answer» D. Malhotra Committee | |
| 736. |
Which bank came into existence in the year 1921 when three banks namely, Bank of Bengal (1806), Bankof Bombay (1840) and Bank of Madras (1843) were reorganized and amalgamated to form a single banking entity? |
| A. | Punjab National Bank |
| B. | Imperial Bank of India |
| C. | State Bank of India |
| D. | Reserve Bank of India (R B I) |
| Answer» C. State Bank of India | |
| 737. |
Cash which is stored electronically on a microchip is called Credit Card |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 738. |
which deposits are repayable after the expiry of the fixed period ? |
| A. | demand deposit |
| B. | time deposit |
| C. | savings deposit |
| D. | recurring deposit |
| Answer» C. savings deposit | |
| 739. |
What was the State Bank of India called before it was created through SBI Act? |
| A. | Bank of Hindustan |
| B. | Bank of Madras |
| C. | Imperial Bank of India |
| D. | Imperial Bank of Calcutta |
| Answer» D. Imperial Bank of Calcutta | |
| 740. |
Which of the following is not an asset held by Commercial Banks? |
| A. | Bills of Exchange |
| B. | Current Account Deposits |
| C. | Money Lent at short Notice |
| D. | Credit Balances with the Reserve Bank |
| Answer» C. Money Lent at short Notice | |
| 741. |
Which of the following public sector banks has the largest number of branches in foreign countries? |
| A. | Bank of India |
| B. | Bank of Baroda |
| C. | Punjab National Bank |
| D. | Corporation Bank |
| Answer» C. Punjab National Bank | |
| 742. |
The process of …………. begins with banks lending money out ofprimary deposit. |
| A. | credit creation |
| B. | cash credit |
| C. | debit creation |
| D. | over draft |
| Answer» B. cash credit | |
| 743. |
There is no competition between traditional banking and e- banking |
| A. | Ture |
| B. | False |
| C. | all |
| D. | none |
| Answer» C. all | |
| 744. |
------bank can accept deposit only ,but cannot lend . |
| A. | Consortium Bank |
| B. | Payment Bank |
| C. | Small Finance Bank |
| D. | None of these |
| Answer» C. Small Finance Bank | |
| 745. |
The Govt. of India has acquired RBI’s stake in one of the major banks of India. Which of the following isthe bank? |
| A. | Axis Bank |
| B. | IDBI Bank |
| C. | ICICI Bank |
| D. | SBI |
| Answer» E. | |
| 746. |
Which risk may result in loss or gain ? |
| A. | particular risk |
| B. | pure risk |
| C. | speculative risk |
| D. | fundamental risk |
| Answer» D. fundamental risk | |
| 747. |
Which of the following organizational structure is followed by Co-operatives in India? |
| A. | Federal Structure |
| B. | Unitary Structure |
| C. | Centralized Structure |
| D. | Decentralized Structure |
| Answer» B. Unitary Structure | |
| 748. |
Which among the following banks has more ATMs? |
| A. | UBI |
| B. | ICICI |
| C. | SBI |
| D. | HDFC |
| Answer» D. HDFC | |
| 749. |
KCC is ---- |
| A. | Kissan credit card |
| B. | Kissan customer card |
| C. | Key Credit Card |
| D. | None of these |
| Answer» B. Kissan customer card | |
| 750. |
While accepting deposit,a banker becomes ------ and customer is ----- |
| A. | Creditor and debtor |
| B. | Debtor and Creditor |
| C. | None of these . |
| D. | all |
| Answer» C. None of these . | |