3653 + Mcqs in General Awareness Page 63 McqOptions

3101.	Consider the following measures. I. Repo Rate II. Cash Reserve Requirement III. Reverse Repo Rate Which of the measures given above is/are major instruments used in the Liquidity Adjustment Facility (LAF)?
A.	I and II
B.	I and III
C.	II and III
D.	All of these
E.	None of these
Answer» C. II and III

Discussion

3102.	For the performance of its duties as the regulator of credit, the Reserve Bank of India possesses the usual instruments of general credit control, viz.
A.	bank rate
B.	open market operation
C.	the power to vary the reserve requirement of banks
D.	All of the above
E.	None of the above
Answer» E. None of the above

Discussion

3103.	The mobile wallet services 'M-Pesa? has been introduced by Vodafone in partnership with [RBI Grade B 2015]
A.	Visa Inc
B.	Master Card Inc
C.	ICICI Bank
D.	American Express Co.
E.	NPCI
Answer» D. American Express Co.

Discussion

3104.	It is mandatory to quote the following identification number on all large value financial transactions [SBI Associates 2012]
A.	PAN number
B.	Voter ID
C.	PIN
D.	Ration Card number
E.	Phone number
Answer» B. Voter ID

Discussion

3105.	Banks without the prior approval of the RBI, cannot
A.	own a new place of business in India or abroad
B.	shift within the same centres (city/town/village) of the existing place of business
C.	shift their sole rural branch outside the centre/village as such shifting would render the centre unhanded
D.	All of the above
E.	None of the above
Answer» E. None of the above

Discussion

3106.	A cheque bearing the date earlier than the date of submission to the bank, is known as [SBI Clerk 2014]
A.	Bearer Cheque
B.	State Cheque
C.	Crossed Cheque
D.	Post Dated Cheque
E.	Anti Dated Cheque
Answer» E. Anti Dated Cheque

Discussion

3107.	ATM is a computerised telecommunications device that provides the clients a financial institution with access to financial transactions in a public space without the need for [RBI Grade B 2013]
A.	cashier
B.	human clerk
C.	bank teller
D.	All of the above
E.	None of the above
Answer» E. None of the above

Discussion

3108.	Which of the following instruments of credit control adopted by Reserve Bank of India does not fall within k general' or 'quantitative? methods of credit control?
A.	Stipulation of certain minim.um margin in respect of advance against specified commodities
B.	Open market operations
C.	Bank rate
D.	Variable reserve requirements
E.	None of the above
Answer» B. Open market operations

Discussion

3109.	Liquidity is injected by the RBI in the economy through which of the following mechanisms? [SBI Clerk 2014]
A.	Change in Bank Rate
B.	Repo
C.	Increase in SLR
D.	Through Liquidity Adjustment Facility
E.	Increase in CRR
Answer» F.

Discussion

3110.	The currency notes issued by RBI have a cent per cent cover in
A.	approved assets
B.	gold
C.	foreign exchange
D.	trustee securities
E.	None of these
Answer» B. gold

Discussion

3111.	As per the recent press report, RBI has selected how many companies for setting up of payment banks in the country? [UBI PO 2016]
A.	41
B.	72
C.	11
D.	18
E.	23
Answer» D. 18

Discussion

3112.	Which of the following is one of the main functions of the Reserve Bank of India? [SBI Clerk 2015]
A.	Regulation of the stock markets
B.	Regulation of life insurance
C.	Regulation of general insurance
D.	Regulation of mutual funds in India
E.	Banker's bank
Answer» F.

Discussion

3113.	Choose the correct statement(s). I. The PIN is not printed or embedded on the card. II. The PIN is manually entered by the cardholder during ATM. III. The PIN is a numeric password. Which of the above statement is/are correct?
A.	Only II
B.	I, II and III
C.	I and II
D.	II and III
E.	I and III
Answer» C. I and II

Discussion

3114.	A customer wishes to purchase some US dollars in India. He/she should go to
A.	Public Debt Division of the RBI
B.	American Express Bank
C.	RBI or any branch of a bank which is authorised for such business
D.	Ministry of Foreign Affairs
E.	None of the above
Answer» D. Ministry of Foreign Affairs

Discussion

3115.	For the first time, in which year Basel Committee came up with Capital Accords for banks?
A.	1985
B.	1988
C.	1990
D.	1992
E.	1998
Answer» C. 1990

Discussion

3116.	Which of the following instruments of credit control adopted by the Reserve Bank of India (RBI) does not fall within 'general' or 'quantitative' methods of credit control? [IBPS Clerk 2015]
A.	Bank rate
B.	Open market operations
C.	Stipulation of certain minimum margin in respect of advance against specified commodities
D.	Variable reserve requirements
E.	None of the above
Answer» D. Variable reserve requirements

Discussion

3117.	Chairman of the 'Bank Board Bureau (BBB), Shri Vinod Rai has recently stepped down from the board of [RBI Grade B 2016]
A.	HSBC Bank
B.	ICICI Bank
C.	IDBI Bank
D.	HDFC Bank
E.	IDFC Bank
Answer» F.

Discussion

3118.	The approved assets against which currency notes are issued by RBI comprise of
A.	gold coin and bullion and rupee coin
B.	foreign securities and Government of India rupee securities of any maturity
C.	bills of exchange and promissory notes payable in India which are eligible for purchase by RBI
D.	All of the above
E.	None of the above
Answer» E. None of the above

Discussion

3119.	The ratio of deposits in current and savings account to total deposits of a bank, is known [RBI Grade B 2015]
A.	Capital Adequacy Ratio
B.	NPA ratio
C.	NIM ratio
D.	CD ratio
E.	CASA ratio
Answer» F.

Discussion

3120.	India's first 'talking' ATM was launched by
A.	ICICI Bank
B.	United Bank of India
C.	Citi Bank
D.	SBI
E.	Union Bank of India
Answer» F.

Discussion

3121.	Under Basel III accord, Indian's banks have to maintain Tier-1 capital (equity and reserves) at how much ....... per cent of risk weighted assets (RWA).
A.	8%
B.	7%
C.	9%
D.	0.05
E.	None of these
Answer» C. 9%

Discussion

3122.	PM Narendra Modi launched gold related schemes, namely I. Gold Monetisation Scheme II. Sovereign Gold Bond Scheme III. Indian Gold Coins Codes
A.	Only II
B.	I and II
C.	I, II and III
D.	II and III
E.	Only III
Answer» D. II and III

Discussion

3123.	Mini statement of account gives an insight into the last .........transactions of account.
A.	3
B.	10
C.	13
D.	15
E.	16
Answer» C. 13

Discussion

3124.	Which of the following is known as Plastic Money? [Indian Overseas Bank 2011] I. Demand Draft II. Credit Card III. Debit Card Select the correct answer using the codes given below
A.	Only I
B.	Only II
C.	Only III
D.	Both II and III
E.	All of these
Answer» E. All of these

Discussion

3125.	Which of the following fall under the qualitative methods of credit control adopted by Reserve Bank of India?
A.	Selective Credit Control
B.	Credit Authorisation Scheme
C.	Moral Suasion
D.	All of the above
E.	None of the above
Answer» E. None of the above

Discussion

3126.	Which of the following extreme measures may be resorted to by the Reserve Bank of India (RBI), in order to safeguard the interest of the depositing public when the affairs of a bank are observed to be beyond redemption? [IBPS Clerk 2015]
A.	Refusal of a licence or cancellation of an existing licence
B.	Merge the bank with any public sector bank
C.	Applying to the Central government for an order of moratorium and thereafter reconstructing or amalgamating the bank with another bank
D.	All of the above
E.	None of the above
Answer» E. None of the above

Discussion

3127.	In order to sign up your recently launched Digital Locker (DigiLocker) by government of India, one needs to have a mobile phone number linked to a [RBI Grade B 2015]
A.	Adhaar number
B.	PAN
C.	bank account number
D.	safe deposit locker
E.	passport number
Answer» B. PAN

Discussion

3128.	There is no requirement for the beneficiary to have a bank account for
A.	card less cash facility
B.	instant money transfer facility
C.	Insurance facility
D.	Immediate Payment Service
E.	MMID
Answer» C. Insurance facility

Discussion

3129.	The term 'Plastic money' refers to [SBI Associates 2012]
A.	ATM/Credit Cards
B.	Plastic Coated Currency Notes
C.	Foreign Currency Notes
D.	Travellers' Cheque
E.	None of the above
Answer» B. Plastic Coated Currency Notes

Discussion

3130.	In a bank's balance sheet, which of the following is an asset? [SBI Clerk 2015]
A.	Its paid up capital
B.	Its saving deposits
C.	Its investment in government securities
D.	Its accumulated reserve funds
E.	Its current deposits
Answer» B. Its saving deposits

Discussion

3131.	RBI's open market operation transactions are carried out with a view to regulate
A.	liquidity in the economy
B.	Prices of essential commodities conflation
C.	borrowing power of the banks
D.	All of the above
E.	None of the above
Answer» F.

Discussion

3132.	A card stores and provides identification, authentication, data storage and application processing applications
A.	Debit Card
B.	Smart Card
C.	Credit Card
D.	ATM Card
E.	None of these
Answer» B. Smart Card

Discussion

3133.	The term 'BSR' refers to
A.	Bank's Selling Rate
B.	Basic Statistical Returns
C.	Annual returns submitted by banks to RBI in respect of priority sector advances
D.	Quarterly statement of advances to agriculture
E.	None of the above
Answer» C. Annual returns submitted by banks to RBI in respect of priority sector advances

Discussion

3134.	As per cent press in India, White Label ATMs are installed. What is meant by a white label ATM? [IBPS Clerk 2014]
A.	ATMS, which are setup by non-banking entities
B.	ATMs, which are white in colour
C.	ATMs, which are setup by group of foreign banks operating in India
D.	ATMs, which are setup by Reserve Bank of India
E.	ATMs, which are installed by group of bankers
Answer» B. ATMs, which are white in colour

Discussion

3135.	......... heads and conducts the affairs of RBI. [IBPS Clerk 2015]
A.	Central Board
B.	Local Board
C.	Regional Board
D.	All of the above
E.	None of the above
Answer» D. All of the above

Discussion

3136.	The Indian rupee is a
A.	token coin
B.	standard token coin
C.	standard coin
D.	gold coin
E.	None of the above
Answer» C. standard coin

Discussion

3137.	Prime Minister Narendra Modi on 5th Nov, 2015 launched three gold related schemes under [IBPS Clerk 2015]
A.	Digital India
B.	Make in India
C.	Startup India
D.	Rashtriya Saksharta Mission
E.	Swarna Bharat Yojana
Answer» F.

Discussion

3138.	Reverse Repo is a tool used by RBI to
A.	inject liquidity
B.	absorb liquidity
C.	increase the liquidity with banking system
D.	to keep the liquidity at one level
E.	None of the above
Answer» C. increase the liquidity with banking system

Discussion

3139.	The participants for IMPS are
A.	Sender
B.	Receiver
C.	Banks
D.	NFS
E.	All of these
Answer» F.

Discussion

3140.	Where is headquarter of Basel Committee on Banking Supervision (BCBS)?
A.	Rome
B.	Switzerland
C.	Belgium
D.	Washington DC
E.	None of the above
Answer» C. Belgium

Discussion

3141.	These ATMs are not connected to bank's data base
A.	Online ATMs
B.	Offline ATMs
C.	Brown Label ATMs
D.	Mobile ATM
E.	a and c
Answer» C. Brown Label ATMs

Discussion

3142.	The RBI policy rate which is purely an indicative rate used by the Reserve Bank of India to signal long term outlook on interest rates is [SBI PO 2014]
A.	bank rate
B.	repo rate
C.	call money rate
D.	notice money rate
E.	reverse repo rate
Answer» B. repo rate

Discussion

3143.	Value added services means [SBI PO 2013]
A.	low cost products
B.	high cost products
C.	at par services
D.	additional services for the same cost
E.	giving discounts
Answer» E. giving discounts

Discussion

3144.	Some of the salient features of Cash Deposit Machines are
A.	Paperless transaction
B.	The per transaction limit is Rs. 49900
C.	Quick and convenient way to deposit cash
D.	All of the above
E.	None of the above
Answer» E. None of the above

Discussion

3145.	A 'Debit Card' is issued by a bank to
A.	all customers of a bank
B.	all customers having savings bank account with a bank
C.	all customers having loan account with a bank
D.	a bank customer who is income tax assesee
E.	all corporate Salary account holder
Answer» C. all customers having loan account with a bank

Discussion

3146.	The Reserve Bank of India has been critical of home loan products with comparatively low interest rates in the initial years but higher in the subsequent years which are popularly known as the [SBI PO 2014]
A.	teaser rates
B.	cheater rates
C.	twister rates
D.	cheaper rates
E.	trickster rates
Answer» B. cheater rates

Discussion

3147.	The Reserve Bank of India has authorized non-banks to operate 'White label ATMs? under the provisions of [RBI Grade B 2016]
A.	Reserve Bank of India Act, 1934
B.	Negotiable Instruments Act, 1881
C.	Negotiable Instruments (Amendment) Act, 2015
D.	Banking Regulation Act, 1949
E.	Payment and Settlement Systems Act. 2007
Answer» F.

Discussion

3148.	......... do not have bank logo, as they are setup by non-banking entities.
A.	White label ATM's
B.	Online ATM's
C.	Onsite ATM's
D.	Offsite ATM's
E.	Stand Alone ATM's
Answer» B. Online ATM's

Discussion

3149.	.......... ATM is provided for e-commerce.
A.	Orange Label
B.	Blue Label
C.	Yellow Label
D.	Purple Label
E.	Red Label
Answer» D. Purple Label

Discussion

3150.	The Society for Worldwide Interbank Financial Telecommunication (SWIFT) [RBI Grade B 2013]
A.	was registered as a company in Belgium
B.	is a bank owned non-profit cooperative society
C.	became operational in May, 1977
D.	All of the above
E.	None of the above
Answer» E. None of the above

Discussion

Explore topic-wise MCQs in Banking And Financial Awareness.

Consider the following measures. I. Repo Rate II. Cash Reserve Requirement III. Reverse Repo Rate Which of the measures given above is/are major instruments used in the Liquidity Adjustment Facility (LAF)?

For the performance of its duties as the regulator of credit, the Reserve Bank of India possesses the usual instruments of general credit control, viz.

The mobile wallet services 'M-Pesa? has been introduced by Vodafone in partnership with [RBI Grade B 2015]

It is mandatory to quote the following identification number on all large value financial transactions [SBI Associates 2012]

Banks without the prior approval of the RBI, cannot

A cheque bearing the date earlier than the date of submission to the bank, is known as [SBI Clerk 2014]

ATM is a computerised telecommunications device that provides the clients a financial institution with access to financial transactions in a public space without the need for [RBI Grade B 2013]

Which of the following instruments of credit control adopted by Reserve Bank of India does not fall within k general' or 'quantitative? methods of credit control?

Liquidity is injected by the RBI in the economy through which of the following mechanisms? [SBI Clerk 2014]

The currency notes issued by RBI have a cent per cent cover in

As per the recent press report, RBI has selected how many companies for setting up of payment banks in the country? [UBI PO 2016]

Which of the following is one of the main functions of the Reserve Bank of India? [SBI Clerk 2015]

Choose the correct statement(s). I. The PIN is not printed or embedded on the card. II. The PIN is manually entered by the cardholder during ATM. III. The PIN is a numeric password. Which of the above statement is/are correct?

A customer wishes to purchase some US dollars in India. He/she should go to

For the first time, in which year Basel Committee came up with Capital Accords for banks?

Which of the following instruments of credit control adopted by the Reserve Bank of India (RBI) does not fall within 'general' or 'quantitative' methods of credit control? [IBPS Clerk 2015]

Chairman of the 'Bank Board Bureau (BBB), Shri Vinod Rai has recently stepped down from the board of [RBI Grade B 2016]

The approved assets against which currency notes are issued by RBI comprise of

The ratio of deposits in current and savings account to total deposits of a bank, is known [RBI Grade B 2015]

India's first 'talking' ATM was launched by

Under Basel III accord, Indian's banks have to maintain Tier-1 capital (equity and reserves) at how much ....... per cent of risk weighted assets (RWA).

PM Narendra Modi launched gold related schemes, namely I. Gold Monetisation Scheme II. Sovereign Gold Bond Scheme III. Indian Gold Coins Codes

Mini statement of account gives an insight into the last .........transactions of account.

Which of the following is known as Plastic Money? [Indian Overseas Bank 2011] I. Demand Draft II. Credit Card III. Debit Card Select the correct answer using the codes given below

Which of the following fall under the qualitative methods of credit control adopted by Reserve Bank of India?

Which of the following extreme measures may be resorted to by the Reserve Bank of India (RBI), in order to safeguard the interest of the depositing public when the affairs of a bank are observed to be beyond redemption? [IBPS Clerk 2015]

In order to sign up your recently launched Digital Locker (DigiLocker) by government of India, one needs to have a mobile phone number linked to a [RBI Grade B 2015]

There is no requirement for the beneficiary to have a bank account for

The term 'Plastic money' refers to [SBI Associates 2012]

In a bank's balance sheet, which of the following is an asset? [SBI Clerk 2015]

RBI's open market operation transactions are carried out with a view to regulate

A card stores and provides identification, authentication, data storage and application processing applications

The term 'BSR' refers to

As per cent press in India, White Label ATMs are installed. What is meant by a white label ATM? [IBPS Clerk 2014]

......... heads and conducts the affairs of RBI. [IBPS Clerk 2015]

The Indian rupee is a

Prime Minister Narendra Modi on 5th Nov, 2015 launched three gold related schemes under [IBPS Clerk 2015]

Reverse Repo is a tool used by RBI to

The participants for IMPS are

Where is headquarter of Basel Committee on Banking Supervision (BCBS)?

These ATMs are not connected to bank's data base

The RBI policy rate which is purely an indicative rate used by the Reserve Bank of India to signal long term outlook on interest rates is [SBI PO 2014]

Value added services means [SBI PO 2013]

Some of the salient features of Cash Deposit Machines are

A 'Debit Card' is issued by a bank to

The Reserve Bank of India has been critical of home loan products with comparatively low interest rates in the initial years but higher in the subsequent years which are popularly known as the [SBI PO 2014]

The Reserve Bank of India has authorized non-banks to operate 'White label ATMs? under the provisions of [RBI Grade B 2016]

......... do not have bank logo, as they are setup by non-banking entities.

.......... ATM is provided for e-commerce.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) [RBI Grade B 2013]