MCQOPTIONS
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MCQOPTIONS
This section includes 12 Mcqs, each offering curated multiple-choice questions to sharpen your General Awareness knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
New reform in Indian banking system includea) Digitisation of bank operationsb) Banking consolidationc) Borrowing from Governmentd) Agency workChoose the correct option from the following: |
| A. | a and b |
| B. | c and d |
| C. | b, d and c |
| D. | a, c and d |
| Answer» B. c and d | |
| 2. |
Narsimham committee was related to which of following reforms ? |
| A. | High education reforms |
| B. | Tax structure reforms |
| C. | Banking structure reforms |
| D. | Planning implementation reforms |
| Answer» D. Planning implementation reforms | |
| 3. |
Financial sector reforms in India consist of ? |
| A. | Lowering down of CRR and SLR |
| B. | Entry of private firms in Insurance sector |
| C. | Deregulation of rate of interest |
| D. | All of the above |
| Answer» E. | |
| 4. |
NK Singh committee on [SBI PO 2016] |
| A. | Base Rate |
| B. | Financial Inclusion |
| C. | Fiscal Responsibility and Budget Management Act |
| D. | Money lending and Enforcement Machinery |
| E. | Small Savings Reforms |
| Answer» D. Money lending and Enforcement Machinery | |
| 5. |
What is the individual credit limit under the ECS (Credit)? [RBI Assistant 2013] |
| A. | Rs. 25000 |
| B. | Rs. 50000 |
| C. | Rs. 1 lakh |
| D. | Rs. 5 lakh |
| E. | No limit |
| Answer» F. | |
| 6. |
Banking Ombudsman Scheme is applicable to the business of [IBPS PO 2012] |
| A. | all scheduled commercial banks excluding RRBs |
| B. | all scheduled commercial banks including RRBs |
| C. | only public sector banks |
| D. | all banking companies |
| E. | all scheduled banks except private banks |
| Answer» E. all scheduled banks except private banks | |
| 7. |
Recommendations for every adult (above 18 yrs) of our country should have a bank account by 1st Jan, 2016 was given by |
| A. | Narsimham Committee |
| B. | Bimal Jalan Committee |
| C. | Deepak Mohan Committee |
| D. | Mohanty Committee |
| E. | Nachiket Mor Committee |
| Answer» F. | |
| 8. |
In respect of which one of the following areas, YH Malegam Committee has submitted its recommendations? [Andhra Bank 2011] |
| A. | Interest on Microfinance loans |
| B. | Teaser loans |
| C. | Rural development |
| D. | Advances to agriculture |
| E. | None of the above |
| Answer» B. Teaser loans | |
| 9. |
A lot of Banks in India these days are offering M-Banking Facility to their customers. What is the full form of 'M' in 'M-Banking'? |
| A. | Money |
| B. | Marginal |
| C. | Message |
| D. | Mutual Fund |
| E. | Mobile Phone |
| Answer» F. | |
| 10. |
The Narasimham Committee I was setup to suggest some recommendations for improvement in the |
| A. | efficiency and productivity of the financial institution |
| B. | banking reform process |
| C. | export of IT sector |
| D. | fiscal reform process |
| E. | None of the above |
| Answer» B. banking reform process | |
| 11. |
How can a Indian Financial Services Code number be identified? |
| A. | It is a 11 digit alphanumeric code |
| B. | It is available on the cheque leaves of an individual?s cheque book |
| C. | it is provided by the bank if asked |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 12. |
ECB is a means of raising funds from overseas. What is its full form? |
| A. | External Commercial Borrowing |
| B. | Essential Commodities Borrowing |
| C. | External Credit and Business |
| D. | Essential Commodity Buyers |
| E. | External credit Buyers |
| Answer» B. Essential Commodities Borrowing | |