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.
| 3051. |
A non-banking financial company which carries on the business of acquisition of shares and securities and satisfies certain conditions, is called |
| A. | investment company |
| B. | financial company |
| C. | non-bank finance company |
| D. | core investment company |
| E. | None of the above |
| Answer» E. None of the above | |
| 3052. |
A scheduled bank is one |
| A. | which conforms to the requirements of Schedule III of the Banking Regulation Act,1949 |
| B. | which has been declared as a scheduled bank by the Government of India |
| C. | which has deposits exceeding Rs. 10 crore |
| D. | which has its name added to the second schedule of the Reserve Bank of India Act, 1934 |
| E. | None of the above |
| Answer» E. None of the above | |
| 3053. |
NABARD provides refinance assistance for |
| A. | promotion of agriculture |
| B. | promotion of small scale industries |
| C. | cottage and village industries |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3054. |
Exim Bank extends facility of |
| A. | rediscounting of foreign bills of commercial banks |
| B. | advisory services to the exporters |
| C. | research and market surveys |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3055. |
Which financial institution was established by IBRD-American Mission, in 1955? |
| A. | IDBI |
| B. | ICICI |
| C. | SBI |
| D. | RRB |
| E. | PNB |
| Answer» C. SBI | |
| 3056. |
Exim Bank concentrates on |
| A. | medium term financing |
| B. | short term financing |
| C. | short and medium term financing |
| D. | short and long term financing |
| E. | None of the above |
| Answer» B. short term financing | |
| 3057. |
Exim Bank also provides |
| A. | refinance facilities |
| B. | consultancy and technology services |
| C. | services of finding foreign markets for exporters |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3058. |
The Export Import Bank of India was setup in |
| A. | July, 1969 |
| B. | April, 1970 |
| C. | January, 1982 |
| D. | April, 1982 |
| E. | None of the above |
| Answer» D. April, 1982 | |
| 3059. |
Regional Rural Banks carry on normal banking business as defined in |
| A. | Reserve Bank of India Act |
| B. | Banking Regulation Act, 1949 |
| C. | Regional Rural Bank Act \[194{}^\circ \] |
| D. | Companies Act, 1956 |
| E. | None of the above |
| Answer» C. Regional Rural Bank Act \[194{}^\circ \] | |
| 3060. |
Regional Rural Banks were setup vide |
| A. | Reserve Bank of India Act |
| B. | Regional Rural Banks Act, 1976 |
| C. | NABARD Act |
| D. | HDFC Bank Act |
| E. | None of the above |
| Answer» F. | |
| 3061. |
Commercial paper is issued by |
| A. | company to a bank |
| B. | banks to companies |
| C. | bank to banks |
| D. | company to its suppliers |
| E. | None of the above |
| Answer» D. company to its suppliers | |
| 3062. |
NVFSIT (National Venture Fund for Software and IT Industry) is managed by SIDBI to |
| A. | provide technology development especially for small and medium enterprises |
| B. | mean marketing initiative |
| C. | promote co-operative marketing of agricultural produce to benefit formers |
| D. | None of the above |
| E. | All of the above |
| Answer» B. mean marketing initiative | |
| 3063. |
When was NAFED (National Agricultural Co-operative Marketing Federation India Limited) established? |
| A. | 3rd Oct, 1958 |
| B. | 1st Oct, 1958 |
| C. | 2nd Oct, 1958 |
| D. | 15th Aug, 1959 |
| E. | 1st Dec, 1959 |
| Answer» D. 15th Aug, 1959 | |
| 3064. |
Which committee firstly mooted to create a super regulatory body for financial stability and Development Council? |
| A. | Raghuram Rajan Committee |
| B. | Vijay Kelkar Committee |
| C. | V Patel Committee |
| D. | Parikh Committee |
| E. | None of the above |
| Answer» B. Vijay Kelkar Committee | |
| 3065. |
The majority stake of subsidiaries of NABARD is held by |
| A. | SBI |
| B. | RRB |
| C. | RBI |
| D. | Co-operative Bank |
| E. | PNB |
| Answer» D. Co-operative Bank | |
| 3066. |
National Housing Bank (NHB), is a wholly owned subsidiary of |
| A. | SIDBI |
| B. | IDBI |
| C. | RBI |
| D. | SBI |
| E. | SEBI |
| Answer» D. SBI | |
| 3067. |
Open Added Money Market Scheme was firstly introduced by |
| A. | UTI |
| B. | IDBI |
| C. | ICICI |
| D. | LIC |
| E. | None of these |
| Answer» C. ICICI | |
| 3068. |
Bank of Rajasthan was merged with |
| A. | HDFC Bank |
| B. | ICICI Bank |
| C. | AXIS Bank |
| D. | Citi Bank |
| E. | None of the above |
| Answer» C. AXIS Bank | |
| 3069. |
Which one of the public sector bank has completed 100 yr of its establishment on 21st Dec, 2011? |
| A. | Central Bank of India |
| B. | State Bank of India |
| C. | Punjab National Bank |
| D. | Bank of Baroda |
| E. | Allahabad Bank |
| Answer» B. State Bank of India | |
| 3070. |
Rural Infrastructure Development fund was setup in |
| A. | 1970-71 |
| B. | 1982-83 |
| C. | 1995-96 |
| D. | 2000-01 |
| E. | 2002-03 |
| Answer» D. 2000-01 | |
| 3071. |
The land development banks play a crucial role in |
| A. | the provision of investment credit for agriculture |
| B. | providing crop loans to the farmers |
| C. | expanding social forestry |
| D. | developing allied activities in rural sector |
| E. | None of the above |
| Answer» B. providing crop loans to the farmers | |
| 3072. |
Which of the following statements about withdrawing cash from ATM of other banks are correct? [RBI Grade B 2013] |
| A. | There will be no charge for withdrawing money from other banks' ATMs up to five occasions in a month |
| B. | 'Free access to other banks' ATMs subject to ceiling of Rs. 10000 transaction |
| C. | If the ATM of other banks is accessed for more than five times a month, banks may levy charges up to Rs. 20 per transaction |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3073. |
The Reserve Bank of India has directed all the banks to ensure that the names of their customers, individuals or corporate, do not appear in any list published by the Security Council Committee. This act/directive of the RBI is to ensure which of the following? |
| A. | To ensure that the bank loans/advances taken by the individuals/organisations are used only in those activities for which they are taken |
| B. | To ensure that money deposited in the bank has not come from unknown and unauthorized sources |
| C. | To ensure that no one visits a foreign nation for any illegal activity by purchasing foreign currency from a bank |
| D. | To ensure that Indians do not go to a nation where they are being targeted for racial discrimination |
| E. | None of the above |
| Answer» D. To ensure that Indians do not go to a nation where they are being targeted for racial discrimination | |
| 3074. |
........... launched new green channel service. |
| A. | State Bank of India |
| B. | Union Bank of India |
| C. | UCO Bank |
| D. | Dena Bank |
| E. | Punjab National Bank |
| Answer» B. Union Bank of India | |
| 3075. |
As we all know, banks in India are required to maintain a portion of their demand and time liabilities with the Reserve Bank of India. This portion is called |
| A. | Statutory liquidity ratio |
| B. | cash reserve ratio |
| C. | Kink deposit |
| D. | reverse repo |
| E. | government securities |
| Answer» C. Kink deposit | |
| 3076. |
Which of the following are decided by the Reserve Bank of India? I. Deposit rates II. Base Rate III. Prime Lending Rate Select the correct answer using the codes given below |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | II and III |
| E. | None of these |
| Answer» B. Only II | |
| 3077. |
The UIDAI is a central government agency of India which issues a |
| A. | 10-digit unique identity number |
| B. | 12-digit unique identity number |
| C. | 14-digit unique identity number |
| D. | 15-digit unique identity number |
| E. | 20-digit unique identity number |
| Answer» C. 14-digit unique identity number | |
| 3078. |
The term ATM refers to [RBI Grade B 2013; [SBI Associate 2012] |
| A. | Asynchronous Transfer Mode |
| B. | Advanced Technical Material |
| C. | Automated Teller Machine |
| D. | Arabian Travel Market |
| E. | None of the above |
| Answer» D. Arabian Travel Market | |
| 3079. |
CRR funds are kept by the banks in [IBPS Clerk 2015] |
| A. | cash in hand at branches |
| B. | balance with other banks |
| C. | balance in a special account with RBI |
| D. | funds in the currency chest |
| E. | None of the above |
| Answer» D. funds in the currency chest | |
| 3080. |
IMPS is a past of mobile application. Customers can withdraw up to Rs. 5000 per day through cash-on-mobile. What is IMPS? |
| A. | Interbank Money Payment Services |
| B. | Intra Money Payment Services |
| C. | Intra Mobile Payment Services |
| D. | Interbank Mobile Payment Services |
| E. | Interbank Mini Payment Services |
| Answer» E. Interbank Mini Payment Services | |
| 3081. |
In terms of Section 24 of the Reserve Bank of India Act, 1934, the Reserve Bank of India may issue bank notes for the maximum denomination of |
| A. | Rs. 500 |
| B. | Rs. 5000 |
| C. | Rs. 10000 |
| D. | Rs. 1000 |
| E. | None of these |
| Answer» D. Rs. 1000 | |
| 3082. |
Scheduled commercial banks can install offsite ATMs at centres/places identified by them, without taking RBFs prior approval provided [RBI Grade B 2013] |
| A. | The business transacted at the offsite ATM is recorded in the books of respective branch/base branch/centralised data centre |
| B. | No person other than the security guard is posted at the offsite ATM |
| C. | Third party advertisement, such as, products of other manufacturers/ dealers/vendors are not displayed on the ATM screens/network |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3083. |
The term 'Ways and Means' advances refers to |
| A. | the advances allowed under DRI Scheme by commercial banks |
| B. | the advances allowed by commercial banks under Twenty Point Economic Programme |
| C. | the temporary advances made to the government by its bankers to bridge the interval between expenditure and the flow of receipts of revenues |
| D. | All of the above |
| E. | None of the. Above |
| Answer» E. None of the. Above | |
| 3084. |
Under Section 19 of the Reserve Bank of India Act, 1934, the RBI has been prohibited from |
| A. | making loans or advances |
| B. | drawing or accepting bills payable |
| C. | allowing interest on deposits or current accounts |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3085. |
As per reports in the newspapers the Indian Rupee is appreciating these days. What does it really mean? I. The value of the Rupee has gone up. It is now 110 paise and not 100 paise- II. The exchange rate of Rupee has gone up. III. Now we can purchase more in one Rupee, Which was not possible earlier? |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | Both I and II |
| E. | None of the above |
| Answer» C. Only III | |
| 3086. |
The Reserve Bank of India does not decide the [RBI Assistant 2012] |
| A. | Rate of Repo and Reverse Repo |
| B. | Marginal Standing Facility Rates |
| C. | Bank Rate |
| D. | Rate of Dearness Allowance to Government Employees |
| E. | Statutory Liquidity Ratio |
| Answer» E. Statutory Liquidity Ratio | |
| 3087. |
The term 'moral suasion' refers to |
| A. | the moral duty of a borrower to deal with only one bank |
| B. | the banker's duty of secrecy as regards the affairs and accounts of his customers |
| C. | the advice given by Reserve Bank to banks/financial institutions in the matter of their lending land other operations with the objective that they might implement or follow it |
| D. | All of the above |
| E. | None of the above |
| Answer» D. All of the above | |
| 3088. |
ATMs of various banks in the country are connected through [RBI Grade B 2013] |
| A. | LAN |
| B. | WAN |
| C. | NFS |
| D. | SPNS |
| E. | None of these |
| Answer» D. SPNS | |
| 3089. |
.......... has the largest ATM network. |
| A. | ICICI Bank |
| B. | SBI |
| C. | AXIS Bank |
| D. | HDFC Bank |
| E. | UCO Bank |
| Answer» C. AXIS Bank | |
| 3090. |
The concept of 'Micro Credit' essentially concentrates on [IBPS PO 2013] |
| A. | consumption smoothening as and when needed |
| B. | providing safe place to hold savings |
| C. | accepting deposits |
| D. | provision of credit to the poor |
| E. | facility to transfer money |
| Answer» F. | |
| 3091. |
Interest on savings deposit now-a-days is [SBI PO 2013] |
| A. | fixed by RBI |
| B. | fixed by the respective banks |
| C. | fixed by the depositors |
| D. | fixed as per the contract between bank and the Consumer Court |
| E. | not paid by the bank |
| Answer» C. fixed by the depositors | |
| 3092. |
Banks in India are required to maintain a portion of their demand and time liabilities with the Reserve Bank of India. This portion is called [SBI PO 2013] |
| A. | statutory liquidity ratio |
| B. | cash reserve ratio |
| C. | bank deposit |
| D. | reverse repo |
| E. | government securities |
| Answer» C. bank deposit | |
| 3093. |
The minting of Indian comes under the act coin |
| A. | Coinage Act, 1906 |
| B. | Reserve Bank of India Act, 1934 |
| C. | Banking Regulation Act, 1949 |
| D. | Currency Act, 1902 |
| E. | None of the above |
| Answer» B. Reserve Bank of India Act, 1934 | |
| 3094. |
It provides for Agricultural transaction |
| A. | Worksite ATM |
| B. | Green Label ATM |
| C. | Yellow Label ATM |
| D. | Orange Label ATM |
| E. | Black Label ATM |
| Answer» C. Yellow Label ATM | |
| 3095. |
As we all know, more and more countries/organisations are now going for non-cash transactions and accordingly banks have launched many new products in the market for the same. Which of the following products is a non-cash transaction product? |
| A. | Only ATM Card |
| B. | Only Credit Card |
| C. | Only Prepaid Card |
| D. | Only Debit Card |
| E. | All are non-cash transaction products |
| Answer» F. | |
| 3096. |
What does the letter 'L' denote in the term 'LAF' as referred every now and then in relation to monetary policy of the RBI? |
| A. | Liquidity |
| B. | Liability |
| C. | Leveraged |
| D. | Longitudinal |
| E. | Linear |
| Answer» B. Liability | |
| 3097. |
It works as women banking |
| A. | Pink label ATM |
| B. | Green label ATM |
| C. | Mobile ATM |
| D. | a and B |
| E. | None of these |
| Answer» B. Green label ATM | |
| 3098. |
......... intervenes in markets to maintain the external value of the Indian rupee. [IBPS Clerk 2015] |
| A. | Exporters |
| B. | Importers |
| C. | RBI |
| D. | SB1 |
| E. | None of the above |
| Answer» D. SB1 | |
| 3099. |
A bank's 'fixed deposit' is also referred to as a [IBPS PO 2013] |
| A. | term deposit |
| B. | savings bank deposit |
| C. | current deposit |
| D. | demand deposit |
| E. | home savings deposit |
| Answer» E. home savings deposit | |
| 3100. |
Whenever RBI does some Open Market Operation transactions, actually it wishes to regulate which of the following? |
| A. | Inflation only |
| B. | Liquidity in economy |
| C. | Borrowing powers of the banks |
| D. | Flow of foreign direct investments |
| E. | None of the above |
| Answer» C. Borrowing powers of the banks | |