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. |
As per the decision taken by the Govt of India/ all the Public Sector Banks (PSBs) will be recapitalised over the next two years so that they can maintain a capital Adequacy Ratio (CAR) of............... [UBI 2009] |
| A. | 9% |
| B. | 12% |
| C. | 11% |
| D. | 22% |
| E. | None of these |
| Answer» B. 12% | |
| 2. |
A bank normally does not have to deal with an issue related to [Indian Bank 2010] |
| A. | payments and settlement systems |
| B. | contractual rights of creditors |
| C. | intellectual property rights |
| D. | cases of insolvency |
| E. | coordination between regulators active in banking / financial sectors |
| Answer» D. cases of insolvency | |
| 3. |
As we all know, banks publish their quarterly performance to bring transparency in the system and also to give a clear picture of their performance to the public. How were results of Quarter 2different from the results of Quarter 1 of the listed banks including giants like SB1&ICICI banks? [Allahabad Bank 2010] (1) Performance was subdued in Quarter 2. (2) Yields on advances of almost all listed banks have come down. (3) Advances grew at a slower pace when compared to deposits. |
| A. | Only (1) is true |
| B. | Only (2) is true |
| C. | Only (3) is true |
| D. | All (1), (2) & (3) are true |
| E. | None of these |
| Answer» B. Only (2) is true | |
| 4. |
Which of the following is the abbreviated name of the new Act which deals with money laundering? [OBC 2009] |
| A. | AILTA |
| B. | PERDA |
| C. | TERLS |
| D. | SALT |
| E. | PMLA |
| Answer» F. | |
| 5. |
In terms of Section 5(1) (5) of the Banking Regulation Act, 1949, a 'banking company' means any company which (IBPS 2012) |
| A. | accepts deposits from the public |
| B. | undertakes lending of money |
| C. | transacts the business of banking in |
| D. | All of the above |
| E. | None of the above |
| Answer» D. All of the above | |
| 6. |
Which bank has launched India's G-Secs facility to retail customers via ATMs? (SBI2016) |
| A. | IDBI |
| B. | ICICI |
| C. | SBI |
| D. | HDFC |
| E. | Federal Bank |
| Answer» B. ICICI | |
| 7. |
According to a recent Reserve Bank's Instructions on banking matters. Banks cannot accept interest free deposits other than in (IBPS 2016) |
| A. | Demand deposit account |
| B. | Term deposit account |
| C. | Current account |
| D. | Both [a] and [b] |
| E. | None of these |
| Answer» D. Both [a] and [b] | |
| 8. |
What does the letter 'L' stands for in the term LAP commonly used in financial/ economic news? (SBI 2016) |
| A. | Liquidity |
| B. | Least |
| C. | Liabilities |
| D. | Long |
| E. | Liquid |
| Answer» B. Least | |
| 9. |
Which of the following correctly explains the situations of Credit Risk? (IBPS 2016) |
| A. | A business or consumer does not pay a trade invoice when due |
| B. | A business does not pay an employee's earned wages when due |
| C. | An insolvent insurance company does not pay a policy obligation |
| D. | A consumer fails to make a payment due on a mortgage |
| E. | All of these |
| Answer» F. | |
| 10. |
Which of the following is not a party of Bill of Exchange? (IOB 2009) |
| A. | The drawer |
| B. | The drawee |
| C. | The payee |
| D. | The endorser |
| E. | None of these |
| Answer» E. None of these | |
| 11. |
The seed capital of Bhartiya Mahila Bank is (IBPS 2016) |
| A. | Rs. 2000 crore |
| B. | Rs. 1000 crore |
| C. | Rs. 4000 crore |
| D. | Rs. 3000 crore |
| E. | None of these |
| Answer» C. Rs. 4000 crore | |
| 12. |
Which of the following is an investment advisory discipline? (IBPS 2013) |
| A. | Corporate Industrial Finance |
| B. | Off share Banking |
| C. | Wholesale Banking |
| D. | Wealth Management |
| E. | Trade Finance |
| Answer» E. Trade Finance | |
| 13. |
A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances is known as (IBPS 2013) |
| A. | Universal Banking |
| B. | Indirect Bank |
| C. | Door Step Bank |
| D. | Direct Bank |
| E. | Unit Banking |
| Answer» E. Unit Banking | |
| 14. |
Which of the following is not a Public Sector Bank? (SBI 2016) |
| A. | Corporation Bank |
| B. | United Bank of India |
| C. | Vijaya Bank |
| D. | Bank of Maharashtra |
| E. | Federal Bank |
| Answer» F. | |
| 15. |
Web based complaints redressal system 'SCORES' is launched by which of the following organizations/agencies? (SBI2016) |
| A. | Ministry of Corporate Affairs |
| B. | SEBI |
| C. | RBI |
| D. | State Bank of India |
| E. | IBA |
| Answer» B. SEBI | |
| 16. |
Which of the following is the first micro finance company to start operation as a commercial bank? (IBPS 2016) |
| A. | Oriental Bank of Commerce |
| B. | State Bank of India |
| C. | Reserve Bank of India |
| D. | Punjab National Bank |
| E. | Bandhan Bank |
| Answer» F. | |
| 17. |
Which of the following does not fall into the functions of Payments Banks? (IBPS 2016) |
| A. | acceptance of demand deposits |
| B. | Internet banking |
| C. | remittance services |
| D. | lending services |
| E. | Sell mutual funds, insurance and pension products |
| Answer» E. Sell mutual funds, insurance and pension products | |
| 18. |
The Reserve Bank of India (RBI) has released the Report of the Internal Working Group (IWG) on Rationalisation of Branch Authorisation Policy. The Group is chaired by........,...? (SBI 2016) |
| A. | Bibek Debroy |
| B. | Madhukar Gupta |
| C. | NR Nagendra |
| D. | Ratan PWatal |
| E. | Lily Vadera |
| Answer» F. | |
| 19. |
Payments banks are a new model of banks conceptualized by the Reserve Bank of India (RBI). These banks can accept a restricted deposit which is currently limited to INR 1 lakh per customer account. How much amount minimum capital has requirement for Payments banks? (SBI 2016) |
| A. | Rs. 1 crore |
| B. | Rs. 50 crore |
| C. | Rs. 1000 crore |
| D. | Rs. 500 crore |
| E. | Rs. 100 crore |
| Answer» F. | |
| 20. |
Which of the following is not a prerequisite for a promissory note? (Vijaya Bank 2008) |
| A. | Drawn on a specified banker |
| B. | It should be unconditional |
| C. | It should be in writing |
| D. | It should be made and signed by the debtor |
| E. | It should be payable in the currency of the country |
| Answer» B. It should be unconditional | |
| 21. |
Grama Vidiyal Microfinance, a Trichy- based microfinance company has acquired by which among the following Banks? (SBI Main 2016) |
| A. | Punjab National Bank |
| B. | Bandhan Bank |
| C. | ICICI Bank |
| D. | State Bank of India |
| E. | IDFC Bank |
| Answer» F. | |
| 22. |
Corporation Bank is a public sector banking company headquartered in..........? (SBI Main 2016) |
| A. | Kolkata |
| B. | Mangalore |
| C. | Chennai |
| D. | Bengaluru |
| E. | Mumbai |
| Answer» C. Chennai | |
| 23. |
Many a times, we read about Special Drawing Right (SDR) in newspapers. As per its definition, SDR is a monetary unit of the reserve assets of which of the following organizations/agencies? (SBI 2015) |
| A. | World Bank |
| B. | International Monetary Funds (IMF) |
| C. | Asian Development Bank |
| D. | Reserve Bank of India |
| E. | None of these |
| Answer» C. Asian Development Bank | |
| 24. |
Where is BIS (Bank for International Settlements) located? (SBI 2015) |
| A. | Switzerland |
| B. | USA |
| C. | UK |
| D. | India |
| E. | None of these |
| Answer» B. USA | |
| 25. |
Federal Reserve is the Central Bank of which country? (SBI 2015) |
| A. | France |
| B. | China |
| C. | Germany |
| D. | United States of America |
| E. | None of these |
| Answer» E. None of these | |
| 26. |
What is the full form of NBFC as used in the financial sector? (SBI 2015) |
| A. | New Banking Finance Company |
| B. | National Banking & Finance Corporation |
| C. | Non Business Fund Company |
| D. | New Business Finance & Credit |
| E. | None of these |
| Answer» C. Non Business Fund Company | |
| 27. |
Bank to every Indian is a tag line for which bank? (IBPS 2015) |
| A. | ICICI Bank |
| B. | SBI |
| C. | IOB |
| D. | HDFC Bank |
| E. | None of these |
| Answer» C. IOB | |
| 28. |
Which banks have been designated as Domestic Systemically Important Banks (D-SIBs)? (SBI 2015) |
| A. | ICICI & SBI |
| B. | PNB & SBI |
| C. | HDFC & SBI |
| D. | ICICI & PNB |
| E. | None of these |
| Answer» B. PNB & SBI | |
| 29. |
Which of the following commercial banks of India recently opened its branch in Shanghai? (SBI 2014) |
| A. | State Bank of India |
| B. | Axis Bank |
| C. | ICICI Bank |
| D. | Oriental Bank of Commerce |
| E. | Corporation Bank |
| Answer» C. ICICI Bank | |
| 30. |
Punjab National Bank is an Indian Financial Services company based in which city? (IBPS 2015) |
| A. | New Delhi |
| B. | Mumbai |
| C. | Chandigarh |
| D. | Jaipur |
| E. | None of these |
| Answer» B. Mumbai | |
| 31. |
Which of the following is not a negotiable instrument? [Indian Overseas Bank 2011] |
| A. | Cheque |
| B. | Pay order |
| C. | Bill of Exchange |
| D. | Warehouse receipt |
| E. | All are negotiable instruments |
| Answer» F. | |
| 32. |
The Bank should comply and intimate the compliance of Award to Ombudsman? (IBFS 2014) |
| A. | Within Two Months |
| B. | Within 3 months |
| C. | Within one month |
| D. | Within one year |
| E. | None of these |
| Answer» D. Within one year | |
| 33. |
What is the minimum capital required for foreign bank to open branch in India? (IBPS 2014) |
| A. | 400 Crore |
| B. | 450 Crore |
| C. | 500 Crore |
| D. | 550 Crore |
| E. | None of these |
| Answer» D. 550 Crore | |
| 34. |
What is the full for of CBS? (IBPS 2014) |
| A. | Customer Bond Solution |
| B. | Core banking System |
| C. | Core Banking Solution |
| D. | Customer Bond system |
| E. | None of these |
| Answer» D. Customer Bond system | |
| 35. |
Which of the following services relate to execution of transactions directly with consumers, rather than corporations or other banks? (IBPS 2013) |
| A. | Wholesale Banking Services |
| B. | Industrial Banking Services |
| C. | Investment Banking Services |
| D. | Corporate Banking Services |
| E. | Retail Banking Services |
| Answer» F. | |
| 36. |
Which of the following is a receipt listed in India and traded in rupees declaring ownership of shares of a foreign company? (IBPS 2013) |
| A. | Indian Depository Receipt (IDR) |
| B. | European Depository Receipt (EDR) |
| C. | Global Depository Receipt (GDR) |
| D. | American Depository Receipt (ADR) |
| E. | Luxemburg Depository Receipt (LDR) |
| Answer» B. European Depository Receipt (EDR) | |
| 37. |
Which of the following is an investment advisory discipline? (IBPS 2013) |
| A. | Corporate Industrial Finance |
| B. | Off share Banking |
| C. | Wholesale Banking |
| D. | Wealth Management |
| E. | Trade Finance |
| Answer» E. Trade Finance | |
| 38. |
The government of India has announced a 'funding for lending' scheme. Who are the beneficiaries for this scheme? (IBPS 2013) |
| A. | Commercial Banks |
| B. | Regional Rural Banks |
| C. | Micro-finance Institutions |
| D. | Finance Departments of the State Governments |
| E. | None of these |
| Answer» B. Regional Rural Banks | |
| 39. |
Banking Ombudsman is appointed by ________. [SBI Bank 2013] |
| A. | Government of India |
| B. | State Governments |
| C. | RBI |
| D. | ECGC |
| E. | Exim Bank |
| Answer» D. ECGC | |
| 40. |
Banking Ombudsman Scheme is applicable to the business of _____. [IBPS 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» C. Only Public Sector Banks | |
| 41. |
The process by which a life insurance policyholder can transfer all rights, title and interest- under a policy contract to a third person is known as [IBPS 2013] |
| A. | Assignment of the policy |
| B. | Hypothecation of the policy |
| C. | Reinvestment of the policy |
| D. | Negotiation of the policy |
| E. | Nomination of the policy |
| Answer» B. Hypothecation of the policy | |
| 42. |
In order to attract more foreign exchange the Govt of India decided to allow foreign investment in LLP firms. What is full form of "LLP" as used in this reference? [IBPS 2011] |
| A. | Local Labour Promotion |
| B. | Low Labour Project's |
| C. | Limited Loan Partnership |
| D. | Longer Liability Partnership |
| E. | Limited Liability Partnership |
| Answer» F. | |
| 43. |
With reference to a cheque which of the following is the "drawee bank"? [IBPS 2012] |
| A. | The bank that collects the cheque |
| B. | The payee's bank |
| C. | The endorsee's bank |
| D. | The endorser's bank |
| E. | The bank upon which the cheque is drawn |
| Answer» F. | |
| 44. |
When a bank returns a cheque unpaid, it is called [IBPS 2011] |
| A. | payment of the cheque |
| B. | drawing of the cheque |
| C. | cancelling of the cheque |
| D. | dishonor of the cheque |
| E. | taking of the cheque |
| Answer» E. taking of the cheque | |
| 45. |
Which of the following statements is true? [IBPS 2011] |
| A. | Banks cannot accept demand and time deposits from public. |
| B. | Banks can accept only demand deposits from public. |
| C. | Banks can accept only time deposits from public. |
| D. | Banks can accept both demand and time deposits from public. |
| E. | Banks can accept demand and time deposits only from government. |
| Answer» E. Banks can accept demand and time deposits only from government. | |
| 46. |
Banks, today, in addition to normal banking services, offer which of the following services? [Corporation Bank 2011] |
| A. | Internet Banking |
| B. | Depository Services |
| C. | Financial Counselling Services |
| D. | Only [a] and [b] above |
| E. | All [a], [b] and [c] above |
| Answer» F. | |
| 47. |
Which of the following is the popular name of the norms by which a bank satisfies itself about the customer's identity and activities? [Corporation Bank 2011] |
| A. | Basel norms |
| B. | KYC norms |
| C. | Service norms |
| D. | Lending norms |
| E. | None of these |
| Answer» C. Service norms | |
| 48. |
KYC guidelines followed by the banks have been framed on the recommendations of the [Indian Overseas Bank 2011] |
| A. | Ministry of Home Affairs |
| B. | Ministry of Rural Development |
| C. | Indian Banks Association |
| D. | Financial Intelligence Unit |
| E. | Reserve Bank of India |
| Answer» F. | |
| 49. |
Which of the following terms is NOT used in the Banking world? [Allahabad Bank 2011] |
| A. | Holding Company |
| B. | Postdated cheque |
| C. | Credit |
| D. | Time deposit |
| E. | Centripetal force |
| Answer» F. | |
| 50. |
Banks need liquidity to meet which of the following objectives of banking? [Allahabad Bank 2011] (1) To meet deposit withdrawal (2) To fund loan demands (3) To maintain public confidence |
| A. | Only (1) |
| B. | Only (2) |
| C. | Only (3) |
| D. | Only (1) & (2) |
| E. | None of these |
| Answer» D. Only (1) & (2) | |