MCQOPTIONS
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MCQOPTIONS
This section includes 78 Mcqs, each offering curated multiple-choice questions to sharpen your First In India knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
India is a member of the International Monetary Fund since _____ |
| A. | 1934 |
| B. | 1935 |
| C. | 1947 |
| D. | 1949 |
| Answer» D. 1949 | |
| 52. |
When did the Reserve Bank of India notify the draft regulations relating to the Credit Information Companies (Regulation) Act, 2005? |
| A. | April 5, 2006 |
| B. | |
| C. | C. |
| D. | D. |
| Answer» B. | |
| 53. |
Which among the following is incorrect? |
| A. | RBI is the Bank of Issue |
| B. | RBI acts as Banker to the Government |
| C. | RBI is Banker's Bank |
| D. | RBI does not regulate the flow of credit-- |
| Answer» E. | |
| 54. |
Which of the following is true about the restrictions on RBI? (i) It is not to compete with the commercial banks. (ii) It is not allowed to pay interest on its deposits. (iii) It cannot engage directly or indirectly in trade. (iv) It cannot acquire or advice loans against immovable property. (v) It is prohibited from purchasing its own shares or the shares of any other bank or any company or granting loans on such security. |
| A. | only (i),(ii),(iii), and (iv) |
| B. | only (v) |
| C. | all the above |
| D. | none of the above |
| Answer» D. none of the above | |
| 55. |
Which of the following is true about the functions performed by RBI - (i) It is the Bank of Issue (ii) It acts as banker to the Government (iii) It is the banker of other banks (iv) It regulates the flow of credit |
| A. | Both (i) and (ii) |
| B. | Both (iii) and (iv) |
| C. | All the Above |
| D. | None of the above |
| Answer» D. None of the above | |
| 56. |
In pursuance of which one of the following was the General Insurance Corporation of India was formed? |
| A. | General Insurance Business (Nationalisation) Act, 1972 |
| B. | Insurance Act, 1938 |
| C. | Insurance Amendment Act, 2002 |
| D. | IRDA Act 1999 |
| Answer» B. Insurance Act, 1938 | |
| 57. |
When was general insurance business nationalised? |
| A. | 1938 |
| B. | 1971 |
| C. | 1973 |
| D. | 1993 |
| Answer» D. 1993 | |
| 58. |
What is the full form of CBS? |
| A. | Core Banking Solution |
| B. | Core Banking Software |
| C. | Core Banking System |
| D. | Core Banking Service |
| Answer» B. Core Banking Software | |
| 59. |
What does the letter 'S' denote in the term IFSC? |
| A. | Subscriber |
| B. | State |
| C. | System |
| D. | Source |
| Answer» D. Source | |
| 60. |
Which one of the following does not belong to regulatory bodies in India? |
| A. | FMC |
| B. | IRDA |
| C. | PFRDA |
| D. | SEBI |
| Answer» E. | |
| 61. |
When was the General Insurance Corporation of India incorporated? |
| A. | 1971 |
| B. | 1972 |
| C. | 1973 |
| D. | 1993 |
| Answer» C. 1973 | |
| 62. |
Which one of the following is the special drawing rights given by the International Monetary Fund to its member countries? |
| A. | Cold money |
| B. | Hot money |
| C. | Paper gold |
| D. | None of these |
| Answer» D. None of these | |
| 63. |
When was the Export Credit Guarantee Corporation of India established? |
| A. | 1938 |
| B. | 1957 |
| C. | 1973 |
| D. | 1971 |
| Answer» C. 1973 | |
| 64. |
When was Triton Insurance Company Ltd established? |
| A. | 1834 |
| B. | 1850 |
| C. | 1907 |
| D. | 1938 |
| Answer» C. 1907 | |
| 65. |
When was the General Insurance Council formed? |
| A. | 1938 |
| B. | 1957 |
| C. | 1973 |
| D. | 1971 |
| Answer» C. 1973 | |
| 66. |
When was the Indian Mercantile Insurance established? |
| A. | 1907 |
| B. | 1938 |
| C. | 1957 |
| D. | 1973 |
| Answer» B. 1938 | |
| 67. |
Which one of the following does not belong to the major general insurance private sector companies in India? |
| A. | Bajaj Allianz General Insurance |
| B. | Reliance General Insurance |
| C. | Royal Sundaram Alliance Insurance |
| D. | The Oriental Insurace Company |
| Answer» E. | |
| 68. |
When was the Oriental Life Insurance Company established? |
| A. | 1818 |
| B. | 1834 |
| C. | 1907 |
| D. | 1938 |
| Answer» B. 1834 | |
| 69. |
Which one of the following does not belong to the main products of life insurance? |
| A. | Endowment |
| B. | Personal accident insurance |
| C. | Term |
| D. | Whole life |
| Answer» C. Term | |
| 70. |
When was Life Insurance sector nationalised? |
| A. | 1834 |
| B. | 1907 |
| C. | 1938 |
| D. | 1956 |
| Answer» E. | |
| 71. |
Which of the following is not a part of India's Money Market? |
| A. | Banks |
| B. | Bill Markets |
| C. | Call Money Market |
| D. | Indian Gold Council |
| Answer» E. | |
| 72. |
What is the expanded form of the term ALM used in banking sector? |
| A. | Asset Liability Maintenance |
| B. | Asset Liability Management |
| C. | Asset Liability Manipulation |
| D. | Asset Liability Maximisation |
| Answer» C. Asset Liability Manipulation | |
| 73. |
Which bank is the sponsor of Prathama Gramin Bank? |
| A. | Bank of Baroda |
| B. | Indian Bank |
| C. | Punjab National Bank |
| D. | Syndicate Bank |
| Answer» E. | |
| 74. |
When was the Insurance Regulatory and Development Authority constituted? |
| A. | 1938 |
| B. | 1971 |
| C. | 1993 |
| D. | 1999 |
| Answer» E. | |
| 75. |
Which of the following is not a public sector bank in India? |
| A. | Andhra Bank |
| B. | Federal Bank |
| C. | IDBI Bank |
| D. | Vijaya Bank |
| Answer» C. IDBI Bank | |
| 76. |
Which among the following is called the rate of interest charged by RBI for lending money to various commercial banks by rediscounting of the bills in India? |
| A. | Bank Rate |
| B. | Discount Window |
| C. | Monetary Policy |
| D. | Overnight Rate |
| Answer» B. Discount Window | |
| 77. |
Which among the following is the act of taking on a risk for a fee? |
| A. | Guidewire |
| B. | Initial Public Offering |
| C. | Predictive analytics |
| D. | Underwriting |
| Answer» E. | |
| 78. |
'Subprime lending' is a term applied to the loans made to ___________________________. |
| A. | Those borrowers who do not have a good credit history |
| B. | Those borrowers who have a good credit history |
| C. | Those borrowers who do not have a good debit history |
| D. | Those borrowers who have a good debit history |
| Answer» B. Those borrowers who have a good credit history | |