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.
| 3151. |
Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short term securities as a reserve all the time in banking world, this is known as |
| A. | CRR |
| B. | Fixed asset |
| C. | SLR |
| D. | PLR |
| E. | None of these |
| Answer» D. PLR | |
| 3152. |
Consider the following [Corporation Bank 2011] I. Bank Rate Policy II. Open Market Operations III. Devaluation of Rupee Which of the above are called fiscal measures? |
| A. | Only II |
| B. | Both I and II |
| C. | Both I and III |
| D. | Only III |
| E. | None of these |
| Answer» E. None of these | |
| 3153. |
Bank rate means |
| A. | the rate of interest charged by commercial banks on advances |
| B. | the rate at which commercial banks discount bills of exchange for their clients |
| C. | the rate of interest allowed by banks on the deposits |
| D. | the standard rate at which the Reserve Bank of India is prepared to buy or rediscount bills of exchange other commercial paper are eligible for purchase under the Reserve Bank of India Act,1934. |
| E. | None of the above |
| Answer» E. None of the above | |
| 3154. |
RBI has recently deregulated the rates of interest to be provided by various banks to their depositors/customers with effect from 25th October, on their accounts. |
| A. | Time deposit |
| B. | Saving bank |
| C. | Loan |
| D. | Fixed deposit |
| E. | Current |
| Answer» C. Loan | |
| 3155. |
Rupee coins are the legal tender in India under the provisions of [IBPS PO 2011] |
| A. | Reserve Bank of India Act, 1934 |
| B. | Negotiable Instruments Act, 1881 |
| C. | Banking Regulation Act, 1949 |
| D. | Indian Coinage Act, 1906 |
| E. | None of the above |
| Answer» E. None of the above | |
| 3156. |
An increase in CRR by RBI leads to [IBPS Clerk 2015] |
| A. | decrease in deposit |
| B. | increase in deposit |
| C. | increase in lendable resources |
| D. | decrease in lendable resources |
| E. | None of the above |
| Answer» D. decrease in lendable resources | |
| 3157. |
Using an ATM, customers can [RBI Grade B 2013] |
| A. | access their bank accounts in order to make cash withdrawals (or credit card cash advances) |
| B. | check their account balances |
| C. | purchase cell phone prepaid credit |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3158. |
The ratio of the Cash Reserves that the banks are required to keep with the RBI is known as |
| A. | Liquidity Ratio |
| B. | SLR |
| C. | CRR |
| D. | Net Demand and Time Liability |
| E. | None of the above |
| Answer» D. Net Demand and Time Liability | |
| 3159. |
Many times we read a term 'Hot Money' in newspapers. What is/are the characteristics of Hot Money? I. The term is used for fresh currency notes issued by the RBI. II. It is the fund which flows in the market to take advantage of high interest rates. III. It is the fund which is thrown in the market to create imbalance in the stock markets. Select the correct answer using the codes given below |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | All of these |
| E. | None of these |
| Answer» C. Only III | |
| 3160. |
Coin of which of the following denominations is called Small Coin? [RBI Assistant 2012] |
| A. | Rs. 1 |
| B. | Rs. 2 |
| C. | Rs. 5 |
| D. | 50 paise |
| E. | Rs. 10 |
| Answer» E. Rs. 10 | |
| 3161. |
Interest rates on which of the following deposit schemes is fixed by the Reserve Bank of India? |
| A. | Fixed deposits above 5 yr maturity |
| B. | Recurring deposits |
| C. | Savings bank |
| D. | Flexi Deposit Scheme |
| E. | None of the above |
| Answer» D. Flexi Deposit Scheme | |
| 3162. |
Services available on the CDM is/are |
| A. | Pin change |
| B. | Balance enquiry |
| C. | Mini statement of account |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3163. |
Which of the following is the sole authority for issue of currency in India? |
| A. | Government of India |
| B. | Reserve Bank of India |
| C. | Controller of Currency |
| D. | All of the above |
| E. | None of the above |
| Answer» C. Controller of Currency | |
| 3164. |
As per RBI directives, through offsite ATMs the banks may provide the facilities of [RBI Grade B 2013] |
| A. | Interbank funds transfer - transfer of funds between the bank's customers and customers of other banks |
| B. | Personal Identification Number (PIN) changes |
| C. | Requisition of cheque books |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3165. |
As per newspaper reports, inflation in India and China was at a very high level. In such a situation the Central Banks of these countries are required to follow |
| A. | a more liberal credit policy |
| B. | a very tight credit policy |
| C. | Create an atmosphere of easy liquidity in the market |
| D. | raise the limits of personal and corporate income taxes |
| E. | None or the above |
| Answer» C. Create an atmosphere of easy liquidity in the market | |
| 3166. |
NPCI launched India's first rural bank ATM card with a regional rural bank in |
| A. | Varanasi |
| B. | Delhi |
| C. | Thane |
| D. | Bengaluru |
| E. | Patna |
| Answer» B. Delhi | |
| 3167. |
With effect from July 1, 2012, for calculation of lending rates, the Reserve Bank of India has advised banks to switch over to the [IBPS PO 2013] |
| A. | MSF Rate System |
| B. | Reverse Repo Rate System |
| C. | Bank Rate System |
| D. | Repo Rate System |
| E. | Base Rate System |
| Answer» B. Reverse Repo Rate System | |
| 3168. |
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 PO 2013] |
| A. | Universal Banking |
| B. | Indirect Bank |
| C. | Door Step Bank |
| D. | A Direct Bank |
| E. | Unit Banking |
| Answer» E. Unit Banking | |
| 3169. |
The interest rate at which the RBI lends to commercial banks in the short term to maintain liquidity is known as |
| A. | interest rate |
| B. | repo rate |
| C. | reverse repo rate |
| D. | bank rate |
| E. | None of the above |
| Answer» C. reverse repo rate | |
| 3170. |
Consider the following. I. New Broad Money (NM3) II. New Narrow Money III. All Deposits with the Post Office Savings Banks IV. National Savings Certificates Which of the components given above are correct included in the Liquidity Aggregates (L1) in the Indian economy? |
| A. | II and IV |
| B. | II and III |
| C. | I and III |
| D. | III and IV |
| E. | All of the above |
| Answer» D. III and IV | |
| 3171. |
Interest below which a bank is not expected lend to customers is known as.......... [SBI PO 2013] |
| A. | deposit rate |
| B. | base rate |
| C. | prime lending rate |
| D. | bank rate |
| E. | discount rate |
| Answer» C. prime lending rate | |
| 3172. |
The installation of 'Talking ATMs' is aimed at making ATMs friendly for [RBI Grade B 2015] |
| A. | minors |
| B. | foreigners |
| C. | differently-abled users |
| D. | senior citizens |
| E. | non-costumers |
| Answer» D. senior citizens | |
| 3173. |
The opening of branches by banks is governed by the provisions of |
| A. | Section 23 of the Banking Regulation Act, 1949 |
| B. | Section 24 of Reserve Bank of India Act, 1934 |
| C. | Section 131 of the Negotiable Instruments Act, 1881 |
| D. | Section 45 of Bank Nationalisation Act, 1969 |
| E. | None of the above |
| Answer» B. Section 24 of Reserve Bank of India Act, 1934 | |
| 3174. |
Which of the following is the limitation of the ATMs owing to which people are required to visit branches of the bank? I. It does not accept deposits. II. It has a limited cash disbursement capacity. III. Lack of human interface. Select the correct answer using the codes given below |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | III, II and I |
| E. | None of these |
| Answer» F. | |
| 3175. |
For transacting at an ATM, the customer inserts (swipe) his card in the ATM and enters his |
| A. | Personal Identification Number |
| B. | Mobile Number |
| C. | Aadhaar Number |
| D. | Account number |
| E. | Cheque Number |
| Answer» B. Mobile Number | |
| 3176. |
The Financial Stability Report is issued on a half-yearly basis by [RBI Grade B 2015] |
| A. | Reserve Bank of India |
| B. | World Economic Forum |
| C. | International Monetary Fund |
| D. | NITI Aayog |
| E. | World Bank |
| Answer» B. World Economic Forum | |
| 3177. |
Recently, India has decided to introduce plastic currency notes. A number of other countries are already using plastic notes, but the pioneer in this field, is [SBI Clerk 2015] |
| A. | Sweden |
| B. | England |
| C. | France |
| D. | United States of America |
| E. | Australia |
| Answer» F. | |
| 3178. |
The names of which of the following rates/ ratios cannot be seen in financial newspapers? |
| A. | Bank Rate |
| B. | Repo Rate |
| C. | Statutory Liquidity Ratio |
| D. | Cash Reserve Ratio |
| E. | Pulse Rate |
| Answer» F. | |
| 3179. |
Which of the following public sector banks have launched 'Mingle' to enable its customers to access to various banking on July, 2016? [UBI PO 2016] |
| A. | Bank of India |
| B. | Union Bank of India |
| C. | Bank of Baroda |
| D. | State Bank of India |
| E. | Allahabad Bank |
| Answer» E. Allahabad Bank | |
| 3180. |
Which of the following is the minimum lending rate which the banks can charge their customers? [RBI Grade B 2015] |
| A. | Reverse repo rate |
| B. | Other than the those given as options |
| C. | Bank rate |
| D. | Base rate |
| E. | Repo rate |
| Answer» E. Repo rate | |
| 3181. |
Choose the correct statement (s). I. First Bank to introduce ATM in India was HSBC. II. ICICI was the first Bank to provide Mobile ATM. III. India's first non-bank owned ATM opens in Thane. Which of the above statement is/are correct? |
| A. | I and II |
| B. | II and III |
| C. | I and III |
| D. | I, and III |
| E. | None of these |
| Answer» E. None of these | |
| 3182. |
In periods of depression when the Reserve Bank desires to encourage the banking system to create more credit, it |
| A. | reduces the bank rate |
| B. | raises the bank rate |
| C. | permits the bank rate to be decided by market forces |
| D. | All of the above |
| E. | None of the above |
| Answer» B. raises the bank rate | |
| 3183. |
The credit card can be used for purchase of goods and service through |
| A. | Interactive Voice Response (IVR) |
| B. | Recurring transactions |
| C. | Mail order telephone order |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3184. |
A centralised database with online connectivity to branches. Internet as well as ATM network which has been adopted by almost all major banks of our country is known as [IBPS Clerk 2011] |
| A. | Investment banking |
| B. | Core banking |
| C. | Mobile banking |
| D. | National banking |
| E. | Specialised banking |
| Answer» C. Mobile banking | |
| 3185. |
One rupee note bears the signature of [SBI Clerk 2015] |
| A. | President of India |
| B. | Vice-President of India |
| C. | Finance Secretary |
| D. | Finance Minister |
| E. | Commerce Minister |
| Answer» D. Finance Minister | |
| 3186. |
The Abbreviation 'UIDAF stands for [SBI Associates 2012] |
| A. | Unique Identification Division of All India |
| B. | Unique Identification Department of Ancient India |
| C. | Unique Identity Division of Ancient India |
| D. | Unique Identification Authority of India |
| E. | None of the above |
| Answer» E. None of the above | |
| 3187. |
In terms of Section-5 [a] [e] of the Banking Regulation Act 1949, a 'banking company' means any company which [IBPS Clerk 2015] |
| A. | transacts the business of banking in India |
| B. | undertakes lending of money |
| C. | accepts deposits from public and invests the same as trade and industry |
| D. | accepts deposits from public |
| E. | All of the above |
| Answer» F. | |
| 3188. |
Which among the following is not a part of Tier-1 capital? |
| A. | Issued Capital |
| B. | Fully Paid-up Capital |
| C. | Disclosed reserves |
| D. | Undisclosed reserves |
| E. | None of the above |
| Answer» E. None of the above | |
| 3189. |
Machine, within or outside the bank premises that enables customers to conduct cash withdrawals and other specific banking transactions without the help of bank staff, is called |
| A. | Automated Teller Machine (ATM) |
| B. | PC |
| C. | internet |
| D. | intranet |
| E. | servers |
| Answer» B. PC | |
| 3190. |
The ratio of deposits to loans of a bank is known as [SBI Clerk 2015] |
| A. | NPA coverage ratio |
| B. | Return on asset ratio |
| C. | Asset coverage ratio |
| D. | CD ratio |
| E. | Other than those given as options |
| Answer» E. Other than those given as options | |
| 3191. |
M-Pesa', a mobile based money transfer and payment service, were launched by Vodafone in the year 2007. In India, Vodafone India launched it in 2013 in association with [RBI Grade B 2016] |
| A. | YES Bank |
| B. | SBI |
| C. | HDFC Bank |
| D. | Kotak Mahindra Bank |
| E. | ICICI Bank |
| Answer» F. | |
| 3192. |
The currency notes are issued by the Reserve Bank of India under the signature of |
| A. | Executive Director |
| B. | Deputy Governor |
| C. | Governor |
| D. | Secretary |
| E. | None of the above |
| Answer» D. Secretary | |
| 3193. |
What is Repo Rate? |
| A. | It is a rate at which RBI sell government securities to banks |
| B. | It is a rate at which RBI buys government Securities from banks |
| C. | It is a rate at which RBI allows small loans in the. Market |
| D. | It is a rate which is offered by banks to their most valued customers or prime customers |
| E. | None of the above |
| Answer» C. It is a rate at which RBI allows small loans in the. Market | |
| 3194. |
The 'Bank rate' is periodically announced by the [RBI Grade B 2015] |
| A. | Indian Banks Association (IBA) |
| B. | Slate Bank of India (SBI) |
| C. | Reserve Bank of India (RBI) |
| D. | Ministry of Finance |
| E. | Board of the respective banks |
| Answer» D. Ministry of Finance | |
| 3195. |
A unique ......... and mobile number combination help in identifying the beneficiary's details. |
| A. | IMTF |
| B. | MMID |
| C. | IMPS |
| D. | NPCI |
| E. | MOTO |
| Answer» C. IMPS | |
| 3196. |
WLA ATMs are setup, owned and operated by |
| A. | Nationalised bank |
| B. | SBI |
| C. | Non-banks |
| D. | RBI |
| E. | Private bank |
| Answer» D. RBI | |
| 3197. |
The first ATM was setup in Mumbai in 1987 by [RBI Grade B 2015] |
| A. | ICICI Bank |
| B. | SBI |
| C. | HDFC Bank |
| D. | HSBC Bank |
| E. | Citi bank |
| Answer» E. Citi bank | |
| 3198. |
The RBI provides ......... for meeting day-to-day receipt and expenditure mismatch to both Central and State government. [IBPS Clerk 2015] |
| A. | treasury bills |
| B. | ways and means advance |
| C. | date and securities |
| D. | All of the above |
| E. | None of the above |
| Answer» C. date and securities | |
| 3199. |
In India, the system of decimal coinage was introduced on |
| A. | 15th Aug, 1947 |
| B. | 26th Jan, 1950 |
| C. | 1st April, 1957 |
| D. | All of the above |
| E. | None of the above |
| Answer» D. All of the above | |
| 3200. |
The amount specified as the Cash Reserve Ratio (CRR) is held in cash and cash equivalents and is stored in bank vaults or parked with [SBI PO 2014] |
| A. | Small Industries Development Bank of India (SIDBI) |
| B. | Government of India (Got) |
| C. | Reserve Bank of India (RBI) |
| D. | State Bank of India (SBI) |
| E. | Rural Infrastructure Development Fund (R1DF) |
| Answer» D. State Bank of India (SBI) | |