78 + Mcqs in General Page 1 McqOptions

1.	What is the full form of NAV?
A.	Net Actual Value
B.	Net Annual Value
C.
D.	D.
Answer» D. D.

Discussion

2.	"Basel Committee on Banking Supervision" is also known as ___________________________.
A.	Bank for International Settlements Committee
B.	Banking Regulation Committee
C.	Financial Stability Board
D.	Global Financial System
Answer» C. Financial Stability Board

Discussion

3.	Which one of the following is known as the recession occurring two times with a small gap in between?
A.	Deep Recession
B.	Deflation
C.	Double-dip Recession
D.	Double Inflation
Answer» D. Double Inflation

Discussion

4.	What is the full form of NDTL?
A.	New Demand & Tenure Liabilities
B.	Net Demand & Time Liabilities
C.	National Deposits & Total Liquidity
D.	Net Demand & Tax Liabilities
Answer» C. National Deposits & Total Liquidity

Discussion

5.	What is the full form of 'MAT'?
A.	Maximum Alternate Tax
B.	Minimum Alternate Tax
C.	Maximum Alternate Time
D.	Minimum Alternate Time
Answer» C. Maximum Alternate Time

Discussion

6.	Which of the following are to be followed by Commercial Banks for risk management?
A.	Basel II norms
B.	Basel III norms
C.	Basel I norms
D.	Solvency II norms
Answer» B. Basel III norms

Discussion

7.	Which among the following is not a public sector bank?
A.	Allahabad Bank
B.	City Union Bank
C.	UCO Bank
D.	Vijaya Bank
Answer» C. UCO Bank

Discussion

8.	Which bank was united with the Punjab National Bank in 1993?
A.	Oudh Commercial Bank
B.	Imperial Bank of India
C.	New Bank of India
D.	Punjab and Sind Bank
Answer» D. Punjab and Sind Bank

Discussion

9.	Imperial Bank of India was nationalised in _______.
A.	1949
B.	1955
C.	1959
D.	1969
Answer» C. 1959

Discussion

10.	In which year was the Banking Regulation Act passed?
A.	1949
B.	1955
C.	1959
D.	1969
Answer» B. 1955

Discussion

11.	Which bank was baptised as the State Bank of India?
A.	New Bank of India
B.	Imperial Bank of India
C.	Indian Bank
D.	United Bank of India
Answer» C. Indian Bank

Discussion

12.	When did the banking crisis of 1913-1917 end?
A.	1917
B.	1949
C.	1955
D.	1959
Answer» C. 1955

Discussion

13.	Which movement encouraged the formation of commercial banks?
A.	Swadeshi movement
B.	Quit India Movement
C.	Non Cooperation Movement
D.	Civil Disobedience Movement
Answer» B. Quit India Movement

Discussion

14.	Which was the second bank in India with limited liability?
A.	Punjab National Bank
B.	Imperial Bank of India
C.	New Bank of India
D.	State Bank of India
Answer» B. Imperial Bank of India

Discussion

15.	Punjab National Bank was established in ________.
A.	1881
B.	1894
C.	1913
D.	1917
Answer» C. 1913

Discussion

16.	Oudh Commercial Bank was founded in _______.
A.	1913
B.	1917
C.	1894
D.	1881
Answer» E.

Discussion

17.	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.

Discussion

18.	Which of the following term is not related to banking sector?
A.	BASEL III
B.	Forex Reserve
C.	Statutory Liquidity Ratio
D.	Marginal Standing Facility
Answer» C. Statutory Liquidity Ratio

Discussion

19.	At present how many public sector banks are working in India?
A.	27
B.	25
C.	29
D.	21
Answer» E.

Discussion

20.	Now who decides the monetary policy of India?
A.	Reserve Bank of India
B.	Banking Association of India
C.	Monetary Policy Committee
D.	NITI Aayog
Answer» D. NITI Aayog

Discussion

21.	Which of the following sentence is not correct?
A.	RBI was nationalized on January 1, 1935.
B.	RBI s head quarter is in Delhi
C.	RBI is the custodian of the foreign currency in India
D.	RBI has 4 Deputy Governors
Answer» C. RBI is the custodian of the foreign currency in India

Discussion

22.	Who issues one rupee notes in India?
A.	RBI
B.
C.	C.
D.	D.
Answer» C. C.

Discussion

23.	If a farmer want to take loan to purchase a tractor; which type of bank he should contact?
A.	Commercial banks
B.	RBI
C.	Regional Rural Bank
D.	NABARD
Answer» B. RBI

Discussion

24.	When was RBI established?
A.	1935
B.	1949
C.	1929
D.	1914
Answer» B. 1949

Discussion

25.	Which of the following is not the function of the RBI?
A.	Banker s Bank
B.	Controller of credit
C.	Custodian of Foreign Exchange Reserve
D.	Allotting money directly to farmers for agricultural development
Answer» E.

Discussion

26.	Which of the following bank has launched iwatch Banking project?
A.	SBI
B.	ICICI
C.	HDFC
D.	PNB
Answer» D. PNB

Discussion

27.	Who works as RBI's agent at places where it has no office of its own?
A.	State Bank of India
B.	Ministry of Finance
C.	Government of India
D.	International Monetary Fund
Answer» B. Ministry of Finance

Discussion

28.	When did the National Housing Bank start its operations?
A.	July, 1982
B.	July, 1988
C.	April, 1980
D.	March, 1971
Answer» C. April, 1980

Discussion

29.	Deposits mobilised by the banks are utilised for. (i) loans and advances (ii) investment in government and other approved securities in fulfilment of liquidity stipulation (iii) investment in commercial paper, shares, debentures up to stipulated ceilings
A.	only (i)
B.	both (ii) and (iii)
C.	All the above
D.	None of the above
Answer» D. None of the above

Discussion

30.	When did the Government initiate the process of amalgamation of RRBs in a phased manner?
A.	September, 2005
B.	March, 2009
C.	June, 2009
D.	March, 2010
Answer» B. March, 2009

Discussion

31.	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

Discussion

32.	When did the nationalisation of major banks happen?
A.	June, 1951
B.	June, 1961
C.	June, 1969
D.	July, 1969
Answer» E.

Discussion

33.	The new privately-owned domestic banks that started functioning with the approval of the RBI as per the issue of guidelines in January 1993 include: (i) UTI Bank Ltd. (Registered Office : Ahmedabad) (ii) IndusInd Bank Ltd. (Pune) (iii) ICICI Bank Ltd. (Baroda) (iv) Global Trust Bank Ltd. (Secunderabad) (v) HDFC Ltd. (Mumbai) (vi) Centurion Bank Ltd. (Since amalgamated with HDFC Bank in 2008) (Panaji) (vii) Bank of Punjab Ltd. (Chandigarh) (viii) Times Bank Ltd. (Faridabad) (ix) IDBI Bank Ltd. (Indore) (x) Development Credit Bank Ltd. (Mumbai)
A.	both (i) and (viii)
B.	only (ii), (iii), (iv), (v), (vi), (vii), (ix), and (x)
C.	None of the above
D.	All the above
Answer» E.

Discussion

34.	Which one of the subsidiary banks was merged with the State Bank of India on August 13, 2008?
A.	State Bank of Hyderabad
B.	State Bank of Indore
C.	State Bank of Mysore
D.	State Bank of Saurashtra
Answer» E.

Discussion

35.	According to which issue of guidelines did the RBI grant approval for the setting up of 13 new privately-owned domestic banks?
A.	April, 1980
B.	March, 1971
C.	January, 1993
D.	September, 1993
Answer» D. September, 1993

Discussion

36.	The RBI sanctioned the amalgamation of the Centurion Bank with the HDFC Bank on ______.
A.	May 23, 2008
B.	August 13, 2008
C.	June 30, 2009
D.	March 31, 2009
Answer» B. August 13, 2008

Discussion

37.	Which bank had the highest concentrations of operations overseas in 2010?
A.	Bank of Baroda
B.	Bank of India
C.	State Bank of India
D.	Union Bank of India
Answer» B. Bank of India

Discussion

38.	When did the Government of India appoint a committee under the chairmanship of Shri M.Narasimham to strengthen the banking system?
A.	May, 2006
B.	April, 1998
C.	December, 1997
D.	September, 2005
Answer» D. September, 2005

Discussion

39.	The subsidiary banks attached to the State Bank are: (i) State Bank of Bikaner and Jaipur (ii) State Bank of Hyderabad (iii) State Bank of Indore (iv) State Bank of Mysore (v) State Bank of Patiala (vi) State Bank of Saurashtra (vii) State Bank of Travancore
A.	only (i) , (v), and (vi)
B.	only (ii), (iii), (iv), and (vii)
C.	All the above
D.	None of the above
Answer» D. None of the above

Discussion

40.	Which is the largest commercial bank of the country?
A.	Bank of India
B.	Canara Bank
C.	State Bank of India
D.	Union Bank of India
Answer» D. Union Bank of India

Discussion

41.	The main objectives of the Export-Import Bank (EXIM Bank) are: (i) to ensure an integrated and coordinated approach to solving the problems of exporters (ii) to provide special attention to capital goods export and export of technical services (iii) to tap domestic and overseas markets for resources, undertake development and finance activities in the areas of exports. (iv) to provide financial assistance to the exporters and importers and act as the principal financial institution for coordinating the working of other institutions engaged in financing exports and imports. (v) to provide refinance facilities to commercial banks and financial institutions against their export-import financing activities
A.	both (i) and (ii)
B.	only (iii), (iv), and (v)
C.	All the above
D.	None of the above
Answer» D. None of the above

Discussion

42.	The duration of fund raising from the commercial banks to the extent of RIDFs shortfall in agricultural lending is _________.
A.	daily
B.	weekly
C.	monthly
D.	yearly
Answer» E.

Discussion

43.	When did the Government of India set up the Export-Import Bank of India?
A.	January, 1982
B.	January, 1993
C.	March, 1971
D.	June, 1969
Answer» B. January, 1993

Discussion

44.	When did the government acquire RBI's shareholding (72.5%) in NABARD?
A.	May, 2008
B.	June, 2008
C.	August, 2008
D.	March, 2009
Answer» C. August, 2008

Discussion

45.	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

Discussion

46.	When did the National Bank of Agriculture and Rural Development establish?
A.	July, 1982
B.	July, 1969
C.	June, 1951
D.	June, 1961
Answer» B. July, 1969

Discussion

47.	When did insurance begin in Babylon?
A.	1750 BC
B.	1907 BC
C.
D.	D.
Answer» B. 1907 BC

Discussion

48.	According to which guidelines did the Government pick up the entire SBI shares held by the RBI?
A.	National Stock Exchange of India
B.	Securities Commission
C.	Financial Regulations
D.	Securities and Exchange Board of India (SEBI)
Answer» E.

Discussion

49.	When did the Centre acquire the Reserve Bank of India's entire 59.73% equity stake in the State Bank of India (SBI) at over Rs. 35,531 crore in New Delhi?
A.	April 5, 2006
B.	May 26, 2006
C.	June 29, 2007
D.	September 30, 2005
Answer» D. September 30, 2005

Discussion

50.	When did the draft guidelines for building grievance redressal mechanism within NBFCs (Non-Banking Financial Companies) publish?
A.	April 5, 2006
B.	May 26, 2006
C.	June 29, 2007
D.	September 30, 2005
Answer» C. June 29, 2007

Discussion

Explore topic-wise MCQs in First In India.

What is the full form of NAV?

"Basel Committee on Banking Supervision" is also known as ___________________________.

Which one of the following is known as the recession occurring two times with a small gap in between?

What is the full form of NDTL?

What is the full form of 'MAT'?

Which of the following are to be followed by Commercial Banks for risk management?

Which among the following is not a public sector bank?

Which bank was united with the Punjab National Bank in 1993?

Imperial Bank of India was nationalised in _______.

In which year was the Banking Regulation Act passed?

Which bank was baptised as the State Bank of India?

When did the banking crisis of 1913-1917 end?

Which movement encouraged the formation of commercial banks?

Which was the second bank in India with limited liability?

Punjab National Bank was established in ________.

Oudh Commercial Bank was founded in _______.

Which of the following term is not used in the Formation of Monetary Policy?

Which of the following term is not related to banking sector?

At present how many public sector banks are working in India?

Now who decides the monetary policy of India?

Which of the following sentence is not correct?

Who issues one rupee notes in India?

If a farmer want to take loan to purchase a tractor; which type of bank he should contact?

When was RBI established?

Which of the following is not the function of the RBI?

Which of the following bank has launched iwatch Banking project?

Who works as RBI's agent at places where it has no office of its own?

When did the National Housing Bank start its operations?

Deposits mobilised by the banks are utilised for. (i) loans and advances (ii) investment in government and other approved securities in fulfilment of liquidity stipulation (iii) investment in commercial paper, shares, debentures up to stipulated ceilings

When did the Government initiate the process of amalgamation of RRBs in a phased manner?

The Reserve Bank of India was established on _______.

When did the nationalisation of major banks happen?

Which one of the subsidiary banks was merged with the State Bank of India on August 13, 2008?

According to which issue of guidelines did the RBI grant approval for the setting up of 13 new privately-owned domestic banks?

The RBI sanctioned the amalgamation of the Centurion Bank with the HDFC Bank on ______.

Which bank had the highest concentrations of operations overseas in 2010?

When did the Government of India appoint a committee under the chairmanship of Shri M.Narasimham to strengthen the banking system?

The subsidiary banks attached to the State Bank are: (i) State Bank of Bikaner and Jaipur (ii) State Bank of Hyderabad (iii) State Bank of Indore (iv) State Bank of Mysore (v) State Bank of Patiala (vi) State Bank of Saurashtra (vii) State Bank of Travancore

Which is the largest commercial bank of the country?

The duration of fund raising from the commercial banks to the extent of RIDFs shortfall in agricultural lending is _________.

When did the Government of India set up the Export-Import Bank of India?

When did the government acquire RBI's shareholding (72.5%) in NABARD?

When did the Government appoint for transfer of stake?

When did the National Bank of Agriculture and Rural Development establish?

When did insurance begin in Babylon?

According to which guidelines did the Government pick up the entire SBI shares held by the RBI?

When did the Centre acquire the Reserve Bank of India's entire 59.73% equity stake in the State Bank of India (SBI) at over Rs. 35,531 crore in New Delhi?

When did the draft guidelines for building grievance redressal mechanism within NBFCs (Non-Banking Financial Companies) publish?