MCQOPTIONS
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MCQOPTIONS
This section includes 3653 Mcqs, each offering curated multiple-choice questions to sharpen your Banking And Financial Awareness knowledge and support exam preparation. Choose a topic below to get started.
| 2901. |
India's first television channel dedicated to farmers was launched on |
| A. | May 24, 2015 |
| B. | May 25, 2015 |
| C. | May 26, 2015 |
| D. | May 24, 2014 |
| E. | None of the above |
| Answer» C. May 26, 2015 | |
| 2902. |
Which among the following does not belong to welfare for the farmers? |
| A. | Kisan Credit Card Scheme |
| B. | SHG Bank Linkage Programme |
| C. | National Agricultural Insurance Scheme |
| D. | MGNREGA |
| E. | None of the above |
| Answer» E. None of the above | |
| 2903. |
Who announced the launch of Rashtriya Krishi Vikas Yojana? |
| A. | Narendra Modi |
| B. | Manmohan Singh |
| C. | Pranab Mukherjee |
| D. | Radha Mohan Singh |
| E. | None of the above |
| Answer» C. Pranab Mukherjee | |
| 2904. |
Which of the following is not included in the estimates of National Income? |
| A. | Sale of collector's items |
| B. | Addition to inventory, but not sale of the company's products |
| C. | Market rent of self-owned house |
| D. | Cost of government services |
| E. | None of the above |
| Answer» B. Addition to inventory, but not sale of the company's products | |
| 2905. |
AMRUT stands for |
| A. | Atal Mission for Renovation and Urban Transformation |
| B. | Atal Mission for Renovation and Urban Technology |
| C. | Atal Mission for Rejuvenation and Urban Transformation |
| D. | Atal Mission for Rejuvenation and Urban Technology |
| E. | None of the above |
| Answer» D. Atal Mission for Rejuvenation and Urban Technology | |
| 2906. |
'Housing for All by 2022' is also known as |
| A. | Sardar Patel Urban Housing Mission |
| B. | Atal Bihari Urban Housing Mission |
| C. | Deen Dayal Upadhyaya Urban Housing Mission |
| D. | Indira Gandhi Awas Yojana |
| E. | None of the above |
| Answer» B. Atal Bihari Urban Housing Mission | |
| 2907. |
'Bharat Nirman' was launched in 2005 as a programme to build |
| A. | rural infrastructure |
| B. | urban infrastructure |
| C. | housing scheme |
| D. | Both a and b |
| E. | None of the above |
| Answer» B. urban infrastructure | |
| 2908. |
Which of the following is one of the indicators of Human Development Index (HDI)? |
| A. | Life expectancy at birth |
| B. | Total cost of the agricultural land with a family |
| C. | Availability of perennial source of water for irrigation |
| D. | Nature of employment, casual permanent or semi-permanent |
| E. | Per capita area of land available |
| Answer» B. Total cost of the agricultural land with a family | |
| 2909. |
Jawaharlal Nehru National Urban Renewal Mission (JNNURM) was launched in |
| A. | 2004 |
| B. | 2005 |
| C. | 2006 |
| D. | 2007 |
| E. | 2010 |
| Answer» C. 2006 | |
| 2910. |
Which of the following is a major concept frequently referred in the economic literature of Dr Amartya Sen, the Nobel Prize winning economist? |
| A. | Positive freedom |
| B. | Corporate ethics |
| C. | Capability to function |
| D. | Negative freedom |
| E. | Welfare economics |
| Answer» F. | |
| 2911. |
Real national income growth refers to |
| A. | national income growth adjusted for inflation |
| B. | national income growth adjusted for population growth |
| C. | national income growth adjusted for depreciation rate |
| D. | national income growth adjusted for saving growth |
| E. | national income growth adjusted for saving |
| Answer» B. national income growth adjusted for population growth | |
| 2912. |
In the present context of socio-economic development, the concept of 'meeting the needs of the present without compromising the ability of future generations to meet their needs' is popularly known as the concept of |
| A. | sustainable development |
| B. | uniform growth |
| C. | target-driven growth |
| D. | no risk-no growth |
| E. | social viability |
| Answer» B. uniform growth | |
| 2913. |
The higher rate of growth of economy certainly reduces |
| A. | gender inequalities . |
| B. | poverty |
| C. | population of a country |
| D. | flow of foreign direct investment |
| E. | None of the above |
| Answer» F. | |
| 2914. |
When the growth of GDP in a country slows down suddenly, people start losing their jobs and the situation continues for several weeks, what name is given to this state of economy (A big country was in this state recently)? |
| A. | Inflation |
| B. | Recession |
| C. | Deflation |
| D. | Economic boom |
| E. | None of these |
| Answer» C. Deflation | |
| 2915. |
Which one of the following is the correct sequence of contribution to gross domestic product in India by the various sectors of the economy in last 10yr? |
| A. | Agriculture-Industry-Service |
| B. | Agriculture-Service-lndustry |
| C. | Service-Agriculture-lndustry |
| D. | Service-lndustry-Agriculture |
| E. | None of the above |
| Answer» E. None of the above | |
| 2916. |
Which of the following comes close to the meaning of Green GDP, a measure that was introduced in China a few years ago? |
| A. | The size of the renewable energy sector of the economy |
| B. | The size of the GDP with environmental degradation substracted out in quantitative terms |
| C. | The size of the GDP per unit of CO2 emissions |
| D. | All of the above |
| E. | None of the above |
| Answer» C. The size of the GDP per unit of CO2 emissions | |
| 2917. |
In the 'Index of Eight Core Industries? which one of the following is given the highest weight? |
| A. | Coal production |
| B. | Electricity generation |
| C. | Fertilizer production |
| D. | Steel production |
| E. | None of the above |
| Answer» C. Fertilizer production | |
| 2918. |
Saansad Adarsh Gram Yojana (SAGY) was introduced on the birth anniversary of |
| A. | JL Nehru |
| B. | MK Gandhi |
| C. | JP Narayan |
| D. | AB Vajpayee |
| E. | None of these |
| Answer» D. AB Vajpayee | |
| 2919. |
Which of the following is the standard definition of recession? |
| A. | Negative GDP growth for the year as a whole |
| B. | Negative GDP growth for two consecutive quarters |
| C. | Negative GDP growth for three consecutive quarters |
| D. | Negative GDP growth with increased rate of inflation compared to the previous years |
| E. | Positive GDP growth for two consecutive quarters |
| Answer» C. Negative GDP growth for three consecutive quarters | |
| 2920. |
Which of the following is not included in National Income Accounts? |
| A. | Second hand goods |
| B. | Transaction in stock markets |
| C. | Transfer payments |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 2921. |
'Deen Dayal Upadhyaya Grammen Kaushala Yojana' provides quality skill training to the rural poor youth in the age group of |
| A. | 25-35 yr |
| B. | 18-25 yr |
| C. | 20-35 yr |
| D. | 25-30 yr |
| E. | None of these |
| Answer» D. 25-30 yr | |
| 2922. |
'National Mission for Green India' is merged with |
| A. | Swachha Bharat Abhiyan |
| B. | National Rivers Conservation Scheme |
| C. | National Afforestation Programme |
| D. | MGNREGA |
| E. | None of the above |
| Answer» E. None of the above | |
| 2923. |
Who amongst the following economists gave the concept of 'economies of scale', which says 'many goods and services' can be produced more cheaply in long series'? |
| A. | Edward C Prescott |
| B. | Amartya Sen |
| C. | Gary S Becker |
| D. | Edmund S Phelps |
| E. | Paul Krugman |
| Answer» F. | |
| 2924. |
The GDP is the value of all final goods and services produced |
| A. | within the nations boundaries |
| B. | by domestically owned companies |
| C. | by citizens of the country |
| D. | by domestically controlled companies |
| E. | None of the above |
| Answer» B. by domestically owned companies | |
| 2925. |
RBI has sold its entire stake except 1% in which of the following organisations? |
| A. | DICGC |
| B. | NABARD |
| C. | SIDBI |
| D. | National Housing Bank |
| E. | None of these |
| Answer» C. SIDBI | |
| 2926. |
The concept of 'Net Domestic Investment? refers to |
| A. | the amount of machinery and equipment used up in producing the GDP in a given year |
| B. | the difference between the market value and book value of outstanding capital stock |
| C. | gross domestic investment less net exports |
| D. | total investment less the amount of investment goods used up in accomplishing the year's production |
| E. | None of the above |
| Answer» E. None of the above | |
| 2927. |
The base year method of calculating real GDP compared |
| A. | quantities produced in different years using prices from a year chosen as a reference period |
| B. | quantities produced in different years with the prices that prevailed during the year in which the output was produced |
| C. | the quantities of goods produced in consecutive years using prices in both years and averaging the percentage changes in the value of output |
| D. | prices at different points in time using a sample of goods that is representative of goods purchased by households |
| E. | None of the above |
| Answer» B. quantities produced in different years with the prices that prevailed during the year in which the output was produced | |
| 2928. |
Gross domestic product is a measure of the total value of all |
| A. | consumer income in an economy over a period of time |
| B. | capital accumulation in an economy over a period of time |
| C. | sales in an economy over a period of time |
| D. | final goods and services produced in an economy over a period of time |
| E. | final as well as intermediate goods and services, produced in an economy over a period of time |
| Answer» E. final as well as intermediate goods and services, produced in an economy over a period of time | |
| 2929. |
The main source of National Income of India is |
| A. | service sector |
| B. | agriculture |
| C. | industrial sector |
| D. | trade sector |
| E. | None of these |
| Answer» B. agriculture | |
| 2930. |
Intermediate goods are excluded from GDP because |
| A. | they represent goods that have never been purchased so they cannot be counted |
| B. | their inclusion would understate GDP |
| C. | their inclusion would involve double counting |
| D. | the premise of the question is incorrect because intermediate goods are directly included in calculating GDP |
| E. | value of intermediate goods is unknown |
| Answer» D. the premise of the question is incorrect because intermediate goods are directly included in calculating GDP | |
| 2931. |
Which sectors of Indian Economy contributes largest to the gross national product? |
| A. | Primary sector |
| B. | Secondary sector |
| C. | Tertiary sector |
| D. | Public sector |
| E. | None of these |
| Answer» D. Public sector | |
| 2932. |
Which of the following is not an apex institution? |
| A. | SBI |
| B. | SIDBI |
| C. | NABARD |
| D. | State Co-operative bank |
| E. | None of the above |
| Answer» B. SIDBI | |
| 2933. |
Per capita income is obtained by dividing National Income by |
| A. | total population of the country |
| B. | total working population |
| C. | area of the country |
| D. | volume of the capital used |
| E. | None of the above |
| Answer» B. total working population | |
| 2934. |
Gross Domestic Product (GDP) is defined as the value of all |
| A. | goods produced in an economy in a year |
| B. | goods and services in an economy in a year |
| C. | final goods produced in economy in a year |
| D. | final goods and services produced in an economy in a year |
| E. | None of the above |
| Answer» E. None of the above | |
| 2935. |
Refinance facility is provided by NABARD. Which institutions can avail this facility? |
| A. | State co-operative banks |
| B. | Regional rural banks |
| C. | Commercial bank |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 2936. |
Minimum age for saving account [SBI Clerk 2016] |
| A. | 5 |
| B. | 10 |
| C. | 15 |
| D. | 18 |
| E. | 22 |
| Answer» C. 15 | |
| 2937. |
What is the full form of the letter T in the term RTGS? [SBI Clerk 2016] |
| A. | Time |
| B. | Transaction |
| C. | Tax |
| D. | Transfer |
| E. | Temporarily |
| Answer» B. Transaction | |
| 2938. |
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 | |
| 2939. |
Desirability and feasibility for new financial year committee headed by [SBI PO 2016] |
| A. | SC Gupta |
| B. | Sharkar Acharya |
| C. | AK Khandelwal |
| D. | YH Malegam |
| E. | YV Reddy |
| Answer» C. AK Khandelwal | |
| 2940. |
"Sarfaesi Act 2001" is applicable in banking industry for [SBI Clerk 2015] |
| A. | regulating the service conditions of employee |
| B. | appointment of nominee directors on the bank boards |
| C. | Other than those given as options |
| D. | streamlining documentation |
| E. | facilitating enforcement of security for recovery of bad loans |
| Answer» F. | |
| 2941. |
The abbreviation 'EPoS' stands for [IBPS PO 2015] |
| A. | Electronic Payment of Sale |
| B. | Electronic Point of Sale |
| C. | Electronic Purchase of Sale |
| D. | Electronic Price of Sale |
| E. | Electronic Platform of Sale |
| Answer» C. Electronic Purchase of Sale | |
| 2942. |
The maximum amount that can be remitted through RTGS is [IBPS PO 2015] |
| A. | Rs. 1 crore |
| B. | Rs. 50 lakh |
| C. | Rs. 2 lakh |
| D. | Rs. 10 lakh |
| E. | No upper ceiling |
| Answer» F. | |
| 2943. |
The Reserve Bank of India recently issued guidelines allowing minors over 10 yr of age to operate bank account independently with a view to [SBI PO 2014] |
| A. | promote financial inclusion |
| B. | increase low cost deposits of banks |
| C. | improve CASA percentage of banks |
| D. | mobilise savings bank deposits of banks |
| E. | To put ATMs and other infrastructure to optimum use |
| Answer» B. increase low cost deposits of banks | |
| 2944. |
Which of the following is the correct full form of ECS often used in banking? [IBPS PO 2015] |
| A. | Electronic Clash System |
| B. | Electronic Cash Service |
| C. | Electronic Clearing Service |
| D. | Electronic Charging System |
| E. | Other than those given as options |
| Answer» D. Electronic Charging System | |
| 2945. |
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. | |
| 2946. |
The Narsimham Committee II 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» C. export of IT sector | |
| 2947. |
The ECS (Credit) envisages [RBI Assistant 2013] |
| A. | substitution of the paper instrument by electronic instructions for bulk and repetitive payment transactions |
| B. | use of cheques by corporate clients only |
| C. | reduction of work load of clerical staff in banks |
| D. | encouraging competition among public sector and private sector banks |
| E. | None of the above |
| Answer» B. use of cheques by corporate clients only | |
| 2948. |
With a view to providing a simpler, faster, reliable and cost effective solution for repetitive payment transactions such salary, pension, interest, commission, dividend, etc by companies, corporations and government departments, the Reserve Bank introduced in April, 1995 [RBI Assistant 2013] |
| A. | MICR Clearing |
| B. | Electronic Funds Transfer (EPT) |
| C. | Electronic Clearing Service (Credit) (ECS Credit) |
| D. | Shared Payment Network System (SPNS) |
| E. | None of the above |
| Answer» D. Shared Payment Network System (SPNS) | |
| 2949. |
General Clients of various banks in. India can make a complaint to which of the following offices, on the issues related to deficiency in services which do not get resolved at banks' level? [SBI Assistant 2912] |
| A. | Comptroller and Auditor General of India |
| B. | Attorney General of India |
| C. | Ombudsman |
| D. | Indian Audit Bureau |
| E. | Indian Banks Association |
| Answer» D. Indian Audit Bureau | |
| 2950. |
In which of the following fund transfer mechanisms, transaction is not subject to any waiting period? [SBI Clerk 2012] |
| A. | RTGS |
| B. | NEFT |
| C. | MT |
| D. | EFT |
| E. | MT |
| Answer» B. NEFT | |