MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Which one of the following whose activities are not systematically coordinated by the monetary authority? I. Organised sector II. Unorganised sector III. Co-operative sector Select the correct answer using the codes given below |
| A. | Only II |
| B. | I and III |
| C. | Only I |
| D. | II and III |
| E. | Only III |
| Answer» B. I and III | |
| 2. |
Consider the following statements: 1. In Indian Commercial Banking System, the number of the Non-scheduled Bank is more than the Scheduled Banks. 2. The Non-scheduled Banks in Indian Commercial Banking Systems are even less than a dozen in number. Which of the statements given above is/are correct? |
| A. | Only 1 |
| B. | Only 2 |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| E. | Can't say |
| Answer» C. Both 1 and 2 | |
| 3. |
Which of the following public sector banks has headquarter in Chennai? [SBI PO 2016] |
| A. | Central Bank of India |
| B. | Corporation Bank |
| C. | Punjab National Bank |
| D. | Indian Bank |
| E. | Dena Bank |
| Answer» E. Dena Bank | |
| 4. |
IDBI headquarter is established in [IBPS Clerk 2015; SBI Clerk 2016] |
| A. | Hyderabad |
| B. | Chennai |
| C. | Bengaluru |
| D. | Kolkata |
| E. | Mumbai |
| Answer» F. | |
| 5. |
Union Bank of India is one of the major public sector banks in India. It is headquartered in [RBI Grade B 2015] |
| A. | Mumbai |
| B. | Bengaluru |
| C. | New Delhi |
| D. | Chennai |
| E. | Kolkata |
| Answer» B. Bengaluru | |
| 6. |
'Good people to grow with' is the tagline of |
| A. | Punjab National Bank |
| B. | Indian Overseas Bank |
| C. | Oriental Bank of Commerce |
| D. | Union Bank of India |
| E. | UCO Bank |
| Answer» C. Oriental Bank of Commerce | |
| 7. |
As per the recent press reports, RBI has recently conveyed the 'in-principle' approval to open new bank. Which of the following entity has received the permission? [IBPS Clerk 2015] |
| A. | Tata Group |
| B. | LIC Housing Finance |
| C. | Anil Ambani Group |
| D. | Videocon Group |
| E. | IDFC |
| Answer» F. | |
| 8. |
The private sector banking space witnessed its first consolidation move in four years. Which of the following bank merger took place recently? [IBPS Clerk 2015] |
| A. | United Western Bank and 1DBI Bank |
| B. | Ganesh Bank of Kurundwad and Federal Bank |
| C. | ING Vysya Bank and Kotak Mahindra Bank |
| D. | Bank of Rajasthan and ICICI Bank |
| E. | State Bank of Indore and State Bank of India |
| Answer» D. Bank of Rajasthan and ICICI Bank | |
| 9. |
IDFC was incorporated on 30th Jan, 1997 with its registered office in [IBPS Clerk 2015] |
| A. | Chennai |
| B. | Bengaluru |
| C. | Kolkata |
| D. | Mumbai |
| E. | Hyderabad |
| Answer» B. Bengaluru | |
| 10. |
Central Bank of India headquarter is established in [IBPS PO 2015] |
| A. | Mumbai |
| B. | Kolkata |
| C. | Patna |
| D. | Chennai |
| E. | Hyderabad |
| Answer» C. Patna | |
| 11. |
Indian Bank Association headquarter is established in [IBPS Clerk 2015] |
| A. | Mumbai |
| B. | Hyderabad |
| C. | Chennai |
| D. | Kolkata |
| E. | Pune |
| Answer» B. Hyderabad | |
| 12. |
AXIS Bank was formerly known as [SBI Clerk 2014] |
| A. | YES Bank |
| B. | UTI Bank |
| C. | City Union Bank |
| D. | HDFC Bank |
| E. | Centurian Bank |
| Answer» C. City Union Bank | |
| 13. |
Who inaugurated the Bharatiya Mahila Bank? [SBI Clerk 2014] |
| A. | Sonia Gandhi |
| B. | P Chidambaram |
| C. | Manmohan Singh |
| D. | D Subbarao |
| E. | None of the above |
| Answer» D. D Subbarao | |
| 14. |
The Reserve Bank of India, which was established under the Reserve Bank of India Act, 1934, started functioning from [RBI Assistant 2013] |
| A. | 1st April, 1934 |
| B. | 1st April, 1935 |
| C. | 1st Sep, 1934 |
| D. | 1st July, 1934 |
| E. | 1st April, 1936 |
| Answer» C. 1st Sep, 1934 | |
| 15. |
The earliest attempt to set up in India a banking institution with some characteristics of central bank dates back to January, 1773 when Warren Hastings, Governor of Bengal (later Governor General) recommended the establishment of [RBI Assistant 2013] |
| A. | Presidency Bank |
| B. | Reserve Bank of India |
| C. | Imperial Bank of India |
| D. | General Bank of Bengal and Bihar |
| E. | None of the above |
| Answer» E. None of the above | |
| 16. |
'National Institute of Bank Management' is the institution meant for [SBI Clerk 2014] |
| A. | All those given as options |
| B. | providing management personnel to the banks |
| C. | training of bank employees in banking |
| D. | providing consultancy on best practices in bank management |
| E. | recruitment of bank employees at all levels |
| Answer» C. training of bank employees in banking | |
| 17. |
The Reserve Bank of India is [RBI Assistant 2013] |
| A. | a department of Central Government under Ministry of Finance |
| B. | a body corporate, having perpetual succession and a common seal |
| C. | an institution owned by Indian Banks' Association |
| D. | All of the above |
| E. | None of the above |
| Answer» C. an institution owned by Indian Banks' Association | |
| 18. |
Which of the following statement is correct? [RBI Assistant 2013] |
| A. | The Central Bank is inspired by the spirit of national welfare |
| B. | The Central Bank is inspired exclusively by the profit-motive |
| C. | The Central Bank is inspired by the new technology |
| D. | All of the above |
| E. | None of the above |
| Answer» C. The Central Bank is inspired by the new technology | |
| 19. |
Who is the 22nd Governor of Reserve Bank of India? [SBI Clerk 2012] |
| A. | Dr K C Chakrabarty |
| B. | Dr D Subbarao |
| C. | Dr V Y Reddy |
| D. | Dr S Gokarn |
| E. | None of these |
| Answer» C. Dr V Y Reddy | |
| 20. |
Which of the following is not a public sector bank? [SBI Clerk 2012] |
| A. | Corporation Bank |
| B. | United Bank of India |
| C. | Vijaya Bank |
| D. | Bank of Maharashtra |
| E. | Federal Bank |
| Answer» F. | |
| 21. |
How many banks were there in second phase of nationalisation? |
| A. | 4 |
| B. | 5 |
| C. | 6 |
| D. | 7 |
| E. | 9 |
| Answer» D. 7 | |
| 22. |
Who amongst the following persons is a Former Governor of RBI? [SBI Clerk 2012] |
| A. | Shri P Chidambaram |
| B. | Shri Yashwant Sinha |
| C. | Shri Pranab Mukherjee |
| D. | Shri Manmohan Singh |
| E. | None of the above |
| Answer» E. None of the above | |
| 23. |
Consider the following statements regarding Indian Overseas Bank (IOB). I. It is a major public sector bank based in Chennai (Madras). II. In 1937, Thiru. M. Ct. M. Chidambaram Chettyar established the Indian Overseas Bank (IOB). III. Good people to grow with is the tagline of this bank. Codes |
| A. | I and II |
| B. | II and III |
| C. | I, II and III |
| D. | I and III |
| E. | Only III |
| Answer» D. I and III | |
| 24. |
Which of the following statements is/are correct? I. On 19th July 1960, SBFs seven subsidiaries were nationalised with deposits over 200 crores. II. The major nationalisation of banks happened in 1969 by the then Prime Minister Indira Gandhi. III. The major objective behind nationalisation was to spread banking infrastructure in rural areas make cheap finance available to Indian farmers. Codes |
| A. | I and II |
| B. | II and III |
| C. | I and III |
| D. | I. II and III |
| E. | Only III |
| Answer» E. Only III | |
| 25. |
Consider the following statements. I. Allahabad Bank was the first bank to be established exclusively by Indians. II. Seven banks forming subsidiary of State Bank of India was nationalised in 1960. Which of the statement(s) given above is/are correct? |
| A. | Only I |
| B. | Only II |
| C. | Both I and II |
| D. | Neither I nor II |
| E. | Can't say |
| Answer» D. Neither I nor II | |
| 26. |
Consider the following statements. I. Scheduled Commercial Banks are those which have been included in the First Scheduled of RBI Act, 1934. II. Non-Scheduled Commercial Banks are those which have been included in the Second Scheduled of RBI Act, 1934. Which of the statement(s) given above is/are correct? |
| A. | Only I |
| B. | Only II |
| C. | Both I and II |
| D. | Neither I nor II |
| E. | Can't say |
| Answer» C. Both I and II | |
| 27. |
Consider the following statements regarding Co-operative bank. I. These banks are controlled, owned, managed and operated by co-operative societies. II. Came into existence under the Co-operative Societies Act in 1912. III. These banks are located in the urban as well in the rural areas. Codes |
| A. | I and II |
| B. | II and III |
| C. | I, II and III |
| D. | I and III |
| E. | Only III |
| Answer» D. I and III | |
| 28. |
Consider the following statements regarding Bank of Baroda. I. The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on 20th July, 1908. II. Headquarter of BoB in Vadodara (earlier known as Baroda), Gujarat. III. It was nationalised on 19th July, 1969. Codes |
| A. | I and II |
| B. | II and III |
| C. | I and III |
| D. | I, II and III |
| E. | Only III |
| Answer» E. Only III | |
| 29. |
Which of the following statements is/are correct? I. Corporation Bank is a public sector banking company headquartered in Mangalore, India. II. Corporation Bank completed hundred and ten years of existence on 12th March, 2015. III. The bank was nationalised in 1969. Codes |
| A. | I and II |
| B. | II and III |
| C. | I and III |
| D. | I, II and III |
| E. | Only III |
| Answer» B. II and III | |
| 30. |
When was the second phase of nationalisation done? |
| A. | 9th July, 1969 |
| B. | 10th July, 1968 |
| C. | 16th August, 1985 |
| D. | 15th April, 1980 |
| E. | None of these |
| Answer» E. None of these | |
| 31. |
Which bank is not in Private Sector? |
| A. | AXIS Bank |
| B. | ICICI Bank |
| C. | Repco Bank |
| D. | HDFC Bank |
| E. | South Indian Bank Ltd |
| Answer» D. HDFC Bank | |
| 32. |
First Indian appointed as the Governor of Reserve bank of India............ |
| A. | Sir C D Deshmukh |
| B. | Sir Senegal Rama Rau |
| C. | M Narasimham |
| D. | Dr C Rangarajan |
| E. | Shanmugam Chettiar |
| Answer» B. Sir Senegal Rama Rau | |
| 33. |
In the year 1980, the second phase of nationalisation of Indian banks took place. Choose the correct statement. |
| A. | 7 more banks were nationalised with deposits over 200 crores. |
| B. | The Government of India held a control over 91% of the banking industry in India. |
| C. | After the nationalisation of banks there was a huge jump in the deposits and advances with the banks. |
| D. | All of the above |
| E. | None of the above |
| Answer» B. The Government of India held a control over 91% of the banking industry in India. | |
| 34. |
Kotak Mahindra Bank merged with ...... bank in 2014. |
| A. | ING Vyasa Bank |
| B. | IDBI Ltd. |
| C. | Bank of Rajasthan |
| D. | Bank of Punjab Ltd. |
| E. | AXIS Bank |
| Answer» C. Bank of Rajasthan | |
| 35. |
The first nationalisation of banks exercise was done on |
| A. | 19th June, 1969 |
| B. | 19th June, 1970 |
| C. | 19th June, 1967 |
| D. | 15th July, 1967 |
| E. | None of these |
| Answer» B. 19th June, 1970 | |
| 36. |
Who is a very senior citizen? |
| A. | A person who is 65 yr and above |
| B. | A person who is 75 yr and above |
| C. | A person who is 80 yr and above |
| D. | A person who is 90 yr and above |
| E. | A person who completed 100 yr of age |
| Answer» B. A person who is 75 yr and above | |
| 37. |
Which of the following banks has acquired the title 'Centurion Bank of Punjab' ? |
| A. | ICICI Bank |
| B. | IDBI Bank |
| C. | HDFC Bank |
| D. | AXIS Bank |
| E. | None of these |
| Answer» D. AXIS Bank | |
| 38. |
Board for Financial Supervision (BFS) was constituted in 1994 by RBI to undertake consolidated supervision of |
| A. | commercial banks |
| B. | financial institutions |
| C. | non-banking finance companies |
| D. | None of the above |
| E. | All of the above |
| Answer» F. | |
| 39. |
What was the deposits criteria of 14 banks nationalised on 19th July, 1969? |
| A. | Rs. 1000 crore |
| B. | Rs. 500 crore |
| C. | Rs.100 crore |
| D. | Rs. 50 crore |
| E. | None of these |
| Answer» E. None of these | |
| 40. |
How many banks were first nationalised? |
| A. | 10 |
| B. | 12 |
| C. | 14 |
| D. | 16 |
| E. | 24 |
| Answer» D. 16 | |
| 41. |
SBI day is observed on |
| A. | 1st January |
| B. | 1st April |
| C. | 1st July |
| D. | 1st August |
| E. | None of these |
| Answer» D. 1st August | |
| 42. |
The government passed the State Bank of India (Subsidiary Banks) Act in |
| A. | 1934 |
| B. | 1949 |
| C. | 1955 |
| D. | 1959 |
| E. | None of these |
| Answer» E. None of these | |
| 43. |
SBI Act was passed in Parliament in |
| A. | 1935 |
| B. | 1949 |
| C. | 1955 |
| D. | 1969 |
| E. | 1980 |
| Answer» E. 1980 | |
| 44. |
The Bank of India was constituted on |
| A. | 1911 |
| B. | 1949 |
| C. | 1955 |
| D. | 1956 |
| E. | None of these |
| Answer» B. 1949 | |
| 45. |
The origin of the State Bank of India goes back to the first decade of the 19th century with the establishment of |
| A. | Bank of Calcutta |
| B. | Bank of Bengal |
| C. | Bank of Bombay |
| D. | Bank of Madras |
| E. | None of these |
| Answer» B. Bank of Bengal | |
| 46. |
Presently, the number of the public sector banks in India is |
| A. | 8 |
| B. | 20 |
| C. | 28 |
| D. | 14 |
| E. | None of these |
| Answer» D. 14 | |
| 47. |
In India, the first bank of limited liabilities managed by Indians and founded in 1881 was |
| A. | Hindustan Commercial Bank |
| B. | Oudh Commercial Bank |
| C. | Punjab National Bank |
| D. | Punjab and Sind Bank |
| E. | National Bank |
| Answer» C. Punjab National Bank | |
| 48. |
How many banks which were nationalised in 1980's are currently working? |
| A. | 4 |
| B. | 5 |
| C. | 6 |
| D. | 8 |
| E. | 9 |
| Answer» C. 6 | |
| 49. |
The first wholly Indian Bank was setup in |
| A. | 1794 |
| B. | 1894 |
| C. | 1896 |
| D. | 1902 |
| E. | 1918 |
| Answer» D. 1902 | |
| 50. |
When was HDFC bank established? |
| A. | 1935 |
| B. | 1969 |
| C. | 1975 |
| D. | 1995 |
| E. | 2014 |
| Answer» E. 2014 | |