MCQOPTIONS
Saved Bookmarks
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.
| 3001. |
According to Sarfaesi Act, 2002, the registration and regulation of securitization companies or reconstruction companies is done by |
| A. | RBI |
| B. | SEBI |
| C. | SBI |
| D. | All of these |
| E. | None of these |
| Answer» B. SEBI | |
| 3002. |
The financial assistance of loans of Rs. 10000 by a bank to very a small borrower will be called |
| A. | Business finance |
| B. | Government finance |
| C. | Micro finance |
| D. | Small finance |
| E. | KYC finance |
| Answer» D. Small finance | |
| 3003. |
Know Your Customer (KYC) norms are required to be strictly followed by banks. It means |
| A. | providing improved customer services |
| B. | determining the identity and residence proof of account holders through approved documents |
| C. | ensuring that staff members know the customers |
| D. | organising regular customer service meetings |
| E. | None of the above |
| Answer» C. ensuring that staff members know the customers | |
| 3004. |
This act as an effective tool for bad loans recovery |
| A. | RBI Amendment Act. 2006 |
| B. | The Banking Laws Bill. 2011 |
| C. | RRB Act, 1976 |
| D. | Sarfaesi Act, 2002 |
| E. | None of the above |
| Answer» E. None of the above | |
| 3005. |
The Banking Regulation Act, 1949 came into force on...... |
| A. | 1st Jan, 1956 |
| B. | 1st Mar, 1966 |
| C. | 16th Mar, 1949 |
| D. | 16th April, 1950 |
| E. | 20th June, 1950 |
| Answer» D. 16th April, 1950 | |
| 3006. |
Issue related to voting rights |
| A. | Banking Regulation Act, 1949 |
| B. | State Bank of India Act, 1955 |
| C. | The Banking Companies Act, 1970 |
| D. | RRB Act, 1976 |
| E. | None of the above |
| Answer» D. RRB Act, 1976 | |
| 3007. |
Every about (above 18 year) of our country should have a bank account by as recommended by Nachiket Mor Committee. This account will be known as |
| A. | Universal transfer Bank Account |
| B. | Universal Electronic Bank Account |
| C. | Universal credit Bank Account |
| D. | Universal saving Bank Account |
| E. | Universal Natrual Bank Account |
| Answer» C. Universal credit Bank Account | |
| 3008. |
Which of the following are the other recommendations made by the working group? |
| A. | Grey scale technology will be deploy for imaging |
| B. | Images will be preserved for eight years |
| C. | A centralised agency per clearing location will act as an image warehouse for the banks |
| D. | Both a and b |
| E. | All of the above |
| Answer» F. | |
| 3009. |
Which of the following are the recommendation of the Committee on Banking Sector Reforms (Narasimham Committee II)? |
| A. | A general provision of 1% on standard assets should be introduced |
| B. | Banks should bring out revised operational manuals and update them regularly |
| C. | There is a need for disclosure in a phased manner of the maturity pattern of assets and liabilities, foreign currency assets and liabilities, movements in provision account and NPAs |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3010. |
A working group on cheque transactions and E-cheques was constituted by the Reserve Bank of India under the chairmanship of Dr RB Barman and major recommendations of group include |
| A. | the physical cheque will be truncated within the presenting bank |
| B. | settlement will be generated on the basis of current M1CR code line data |
| C. | electronic images will be used for payment processing |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3011. |
The recommendations of the Committee on Banking Sector Reforms (Narasimham Committee II) include |
| A. | the 'Basel Core Principles of Effective Bank supervision' should be regarded as the minimum to be attained |
| B. | the banks and primary dealers alone should be allowed in the interbank call and notice money markets |
| C. | opening the Treasury Bill market to foreign institutional investors for broadening its base |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3012. |
Real time gross settlement benefits |
| A. | the customers |
| B. | the banks |
| C. | Reserve Bank of India |
| D. | Both a and b |
| E. | None of these |
| Answer» E. None of these | |
| 3013. |
Financial Instruments provides short term credit. These includes |
| A. | T-Bill |
| B. | CD |
| C. | Promissory notes |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 3014. |
Which of the following is not the part of the structure of the financial system in India? [RBI Grade B 2016] |
| A. | Industrial Finance |
| B. | Agricultural Finance |
| C. | Government Finance |
| D. | Personal Finance |
| E. | All of the above are part of it |
| Answer» E. All of the above are part of it | |
| 3015. |
What is the full form of BSBDA? [IBPS PO 2016] |
| A. | Basic Saving Bank Deposit Account. |
| B. | Basic Saving Bank D-mat Account. |
| C. | Bank Saving Balance Deposit Account. |
| D. | Bank Saving Basic Deposit Account. |
| E. | Base Service Bank Deposit Account. |
| Answer» B. Basic Saving Bank D-mat Account. | |
| 3016. |
As per the new guidelines issued by SEBI, companies are required to list shares within how many days of the closure of the Initial Public Offers (IPOs)? |
| A. | 12 days |
| B. | 15 days |
| C. | 21 days |
| D. | 30 days |
| E. | 25 days |
| Answer» B. 15 days | |
| 3017. |
According to the Regional Rural Banks(Amendment) Act 2015, the cap on authorised capital of RRBs has now been raised from Rs. 5 crore to [RBI Grade B 2015] |
| A. | Rs. 2000 crore |
| B. | Rs. 500 crore |
| C. | Rs. 2500 crore |
| D. | Rs. 1500 crore |
| E. | Rs. 1000 crore |
| Answer» B. Rs. 500 crore | |
| 3018. |
Principle function of SIDBI, is [IBPS Clerk 2015] |
| A. | promotion of SSI |
| B. | finance of SSI |
| C. | development of SSI |
| D. | All of these |
| E. | None of these |
| Answer» D. All of these | |
| 3019. |
Which of the following bodies regulates the Regional Rural Banks? [IBPS PO 2015] |
| A. | The RBI |
| B. | NABARD |
| C. | Department of Rural Development |
| D. | State government |
| E. | SIDBI |
| Answer» C. Department of Rural Development | |
| 3020. |
Paid-up share capital of Regional Rural Bank is contributed by [IBPS Clerk 2015] |
| A. | Central government only |
| B. | State government only |
| C. | Central government, State government and the sponsor commercial bank in the ratio of 50:15: 35 respectively |
| D. | NABARD, the concerned State Government and the sponsor commercial bank in the ratio of 60: 20: 20 respectively |
| E. | All of the above |
| Answer» D. NABARD, the concerned State Government and the sponsor commercial bank in the ratio of 60: 20: 20 respectively | |
| 3021. |
Regional Rural Banks are empowered to transact business of banking as defined under [IBPS Clerk 2015] |
| A. | Regional Rural Banks Act, 1976 |
| B. | Negotiable Instruments Act, 1881 |
| C. | Banking Regulation Act, 1949 |
| D. | The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 |
| E. | None of the above |
| Answer» D. The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 | |
| 3022. |
In which of the following States there is no Regional Rural Bank? [SBI Clerk 2014] |
| A. | Karnataka |
| B. | Goa |
| C. | Uttarakhand |
| D. | Himachal Pradesh |
| E. | Punjab |
| Answer» C. Uttarakhand | |
| 3023. |
Which of the following are eligible to become members of the INFINET? [RBI Assistant 2013] |
| A. | Public Sector and Private Sector Banks |
| B. | Co-operative Banks |
| C. | Premier Financial Institutions |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3024. |
Indian Financial Network [INFINET] is the [RBI Assistant 2013] |
| A. | communication backbone for the Indian Banking and Financial Sector |
| B. | association of the. employers of the banking and financial sector |
| C. | closed user group network of SBI and its subsidiaries |
| D. | All of the above |
| E. | None of the above |
| Answer» B. association of the. employers of the banking and financial sector | |
| 3025. |
NABARD is responsible for regulating and supervising the function of [IBPS PO 2013] |
| A. | Investment and Industrial Finance Banks |
| B. | Co-operative Banks and Regional Rural Banks |
| C. | Corporate Finance and Overseas Banking Units |
| D. | Private Sector and Multinational Banks |
| E. | Reserve Bank of India |
| Answer» C. Corporate Finance and Overseas Banking Units | |
| 3026. |
Which of the following is one of the major activities of the National Bank for Agriculture and Rural Development (NABARD)? [RBI Assistant 2012] |
| A. | Onsite inspection of co-operative Banks and Regional Rural Bank (RRBs) |
| B. | Helping Government of India in preparing Union Budget and presenting it in the cabinet meeting |
| C. | Acting as custodian of the foreign exchange reserves of the country |
| D. | Deciding rate of interest on Saving Bank Accounts in Public Sector Banks |
| E. | Representing India in World Bank and other such agencies |
| Answer» B. Helping Government of India in preparing Union Budget and presenting it in the cabinet meeting | |
| 3027. |
Consider the statements given below I. SIDBI was setup on 2nd April, 1970. II. SMILE under SIDBI is developed to carter funding for startups and to aid small enterprise in India. III. The union cabinet has approved setting up of FFS under SIDBL Which is/are correct? |
| A. | I and II |
| B. | I and III |
| C. | I, II and III |
| D. | II and III |
| E. | Only I |
| Answer» E. Only I | |
| 3028. |
Choose the correct statements. I. NAFED was established on 2nd Oct, 1955. II. NAFED was setup with objective to promote co-operative marketing of agricultural product to benefit farmers. III. NAFED is registered under the multistate co-operative societies Act. Codes |
| A. | Only I |
| B. | I and II |
| C. | I and III |
| D. | II and III |
| E. | I, II and III |
| Answer» E. I, II and III | |
| 3029. |
Consider the following statements regarding IFCI Ltd. I. IFCI Ltd. was setup in 1948. II. IFCI is a systematically important non-deposit taking NBFC registered with the RBI. III. IFCI become a government controlled company on 2nd Dec, 2000. Which is/are correct? |
| A. | Only I |
| B. | Only III |
| C. | Only II |
| D. | I and II |
| E. | All of these |
| Answer» E. All of these | |
| 3030. |
'Sensitive sector' as defined by RBI include(s) |
| A. | capital market |
| B. | real estate |
| C. | commodities |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 3031. |
Choose the correct statement regarding IDBI. I. IDBI was established in 1990. II. It provides credit and other facilities for the development of the fledgling Indian industry. III. IDBI Bank is at a par with rationalized banks. Codes |
| A. | I and II |
| B. | II and III |
| C. | I and III |
| D. | Only II |
| E. | I, II and III |
| Answer» C. I and III | |
| 3032. |
Services under non-banking finance services include the following. I. Hire purchase services II. Leasing services III. Assets management IV. Venture Capital Service Which is/are correct? |
| A. | I and II |
| B. | II and III |
| C. | I, II and III |
| D. | II. Ill and IV |
| E. | All of these |
| Answer» F. | |
| 3033. |
The working and operations of NBFCs are regulated by |
| A. | SEBI |
| B. | RBI |
| C. | Finance Ministry, GoI |
| D. | IRDA |
| E. | None of the above |
| Answer» C. Finance Ministry, GoI | |
| 3034. |
Which of the following is a kind of non-banking financial institutions? |
| A. | Equipment Leasing Company |
| B. | Hire Purchase Company |
| C. | Loan Company |
| D. | Investment Company |
| E. | All of the above |
| Answer» F. | |
| 3035. |
Which of the following statements about Regional Rural Banks (RRBs) are correct? |
| A. | Sponsor banks travellers cheques can be issued by RRBs |
| B. | RRBs can enter into arrangements with the sponsor banks for providing remittance facilities to its customers |
| C. | Where RRBs can afford the investment, they can install lockers also |
| D. | Both a and b |
| E. | All of the above |
| Answer» F. | |
| 3036. |
The lead bank Scheme for public sector banks does not cover |
| A. | metropolitan cities |
| B. | all states and union territories |
| C. | backward districts |
| D. | rural areas |
| E. | b and c |
| Answer» B. all states and union territories | |
| 3037. |
Which of the following agencies/ organisations in India maintains the Micro Finance Development and Equity Fund which was in news recently? |
| A. | Confederation of Industries in India (CII) |
| B. | Indian Bank's Association (IBA) |
| C. | Small Industries Development Bank of India (SIDBI) |
| D. | Reserve Bank of India (RBI) |
| E. | National Bank for Agriculture and Rural Development (NABARD) |
| Answer» F. | |
| 3038. |
Which agency is exclusive concerned with the credit needs of all types of agricultural and rural development? |
| A. | State Bank of India |
| B. | Industrial Development Bank of India |
| C. | Reserve Bank of India |
| D. | NABARD |
| E. | None of the above |
| Answer» E. None of the above | |
| 3039. |
NABARD extends refinance to |
| A. | State Land Development Banks, State Cooperative Banks |
| B. | Regional Rural Banks |
| C. | Commercial Banks and other financial institutions approved, by RBI |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3040. |
Which one of the following dominates the organised sector? |
| A. | RBI |
| B. | Commercial Bank |
| C. | Co-operative Bank |
| D. | RRBs |
| E. | SBI |
| Answer» C. Co-operative Bank | |
| 3041. |
The basic aim of Lead Bank Scheme is that |
| A. | big banks should try to open offices in each district |
| B. | there should be stiff competition among the various nationalised banks |
| C. | individual banks should adopt particular districts for intensive development |
| D. | all the banks should make intensive efforts to mobilise deposits |
| E. | None of the above |
| Answer» D. all the banks should make intensive efforts to mobilise deposits | |
| 3042. |
The primary function of a Central Co-operative Bank is |
| A. | to mobilise the resources in the district for financing its members |
| B. | to channelise the flow of funds from the State Co-operative Banks |
| C. | to mobilise deposit from state government |
| D. | Both a and b |
| E. | None of the above |
| Answer» F. | |
| 3043. |
The objectives and functions of IDBI include |
| A. | to provide technical and administrative assistance for promotion or expansion of industry |
| B. | to undertake market arid investment research and survey technical and economic studies in connection with development of industry |
| C. | to acts as lender of last result and to finance projects that are in conformity with national priorities |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3044. |
Which of the following organisation/agencies is specifically setup to boost overall rural development in India? |
| A. | RBI |
| B. | SIDBI |
| C. | NABARD |
| D. | SEBI |
| E. | None of these |
| Answer» D. SEBI | |
| 3045. |
Which of the following is the name of the organisation created specifically to develop small scale industrial sector in our country? |
| A. | NABARD |
| B. | SEBI |
| C. | SIDBI |
| D. | AMFI |
| E. | None of these |
| Answer» D. AMFI | |
| 3046. |
Loan against commodities |
| A. | are not allowed by banks except with the prior approval of RBI |
| B. | are not popular in India |
| C. | have been one of the earliest forms of bank advances |
| D. | are allowed only to approved parties |
| E. | None of the above |
| Answer» D. are allowed only to approved parties | |
| 3047. |
Regional Rural Banks (RRBs) are classified as |
| A. | scheduled commercial banks |
| B. | subsidiaries of the sponsor banks |
| C. | subsidiaries of NABARD |
| D. | All of the above |
| E. | None of the above |
| Answer» B. subsidiaries of the sponsor banks | |
| 3048. |
In January, 1998, the Reserve Bank of India introduced new regulatory framework for safeguarding the interest of depositors. The guidelines comprises |
| A. | NBFCs falling short of the stipulated minimum Net Owned Funds (NOF) were precluded from accepting public deposits |
| B. | An NBFC not having minimum credit rating as prescribed by RBI is not eligible to accept fresh deposits |
| C. | Ceiling on the quantum public deposits was related to the level of credit rating given by the approved credit rating agencies |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3049. |
RRBs are owned by |
| A. | Central Government |
| B. | State Government |
| C. | Sponsor Bank |
| D. | All of the above |
| E. | None of the above |
| Answer» C. Sponsor Bank | |
| 3050. |
AXIS Bank is the changed name of |
| A. | IDBI |
| B. | ICICI |
| C. | UTI |
| D. | UTO |
| E. | RBI |
| Answer» D. UTO | |