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.
| 3201. |
Range of ATM insurance policy |
| A. | Rs. 50000 to Rs. 5 lakh |
| B. | Rs. 50000 to Rs. 10 lakh |
| C. | Rs. 50000 to Rs. 20 lakh |
| D. | Rs. 5 lakh to Rs. 20 lakh |
| E. | Rs. 20 lakh to Rs. 30 lakh |
| Answer» C. Rs. 50000 to Rs. 20 lakh | |
| 3202. |
The note-issue system in India is based on |
| A. | Gold Deposit System |
| B. | Minimum Reserve System |
| C. | Proportional Reserve System |
| D. | Simple Deposit System |
| E. | None of the above |
| Answer» C. Proportional Reserve System | |
| 3203. |
Buy Now Pay Now' refers to which of the following? [IBPS Clerk 2014] |
| A. | Affinity Card |
| B. | Smart Card |
| C. | Business Card |
| D. | Credit Card |
| E. | Debit Card |
| Answer» F. | |
| 3204. |
Which of the following services relate to execution of transactions directly with consumers, rather than corporations or other banks? [IBPS PO 2013] |
| A. | Wholesale Banking Services |
| B. | Industrial Banking Services |
| C. | Investment Banking Services |
| D. | Corporate Banking Services |
| E. | Retail Banking Services |
| Answer» C. Investment Banking Services | |
| 3205. |
As per the reports in various newspapers many private companies are trying to obtain the licences to launch a banking company in India. Which of the following organisations/agencies issue the licence for the same? |
| A. | Securities and Exchange Board of India (SEBI) |
| B. | Indian Institute of Banking and Finance (IIBF) |
| C. | Indian Banks? Association |
| D. | Registrar of Companies |
| E. | None of the above |
| Answer» F. | |
| 3206. |
Banks offers new card less cash facility called |
| A. | Cash-on-net |
| B. | Cash-on-deposit |
| C. | Cash-on-mobile |
| D. | Cash-on-services |
| E. | Cash-on-cash |
| Answer» D. Cash-on-services | |
| 3207. |
For which of the following, the Reserve Bank of India has stipulated the maximum capital adequacy requirement? [IBPS Clerk 2015] |
| A. | Private Sector Banks |
| B. | Banks that undertake insurance business |
| C. | Local Area Banks |
| D. | Scheduled Commercial Banks |
| E. | None of the above |
| Answer» E. None of the above | |
| 3208. |
Recently introduced by National Payments Corporation of India (NPCI), the 'NACH' is a centralised [RBI Grade B 2016] |
| A. | application processing for banks system |
| B. | Credit appraisal system |
| C. | Electronic clearing system |
| D. | Core Banking system |
| E. | None of those given options |
| Answer» D. Core Banking system | |
| 3209. |
According to the recent RBI financial stability report, how much additional capital does an Indian bank will require to comply with Basel III norms? |
| A. | Rs. 3 lakh crore |
| B. | Rs. 1.75 lakh crore |
| C. | Rs. 5 lakh crore |
| D. | Rs. 4.5 lakh crore |
| E. | None of these |
| Answer» D. Rs. 4.5 lakh crore | |
| 3210. |
The government of India has undertaken programme of recapitalisation of Public Sector Banks to help them enhance business growth and [SBI PO 2014] |
| A. | capital adequacy norms |
| B. | ratio of non-performing assets |
| C. | per employee business ratio |
| D. | CASA ratio |
| E. | credit or deposit ratio |
| Answer» B. ratio of non-performing assets | |
| 3211. |
EFT POS stands for [IBPS PO 2016] |
| A. | Electronic Funds Transfer at Pre of Sale |
| B. | Electronic Funds Transfer at Prepaid of Sale |
| C. | Electronic Funds Transfer at Point of Sale |
| D. | Electronic Funds Transfer at Present of Sale |
| E. | Electronic Funds Terminals at Point of Sale |
| Answer» D. Electronic Funds Transfer at Present of Sale | |
| 3212. |
Drawing, accepting, making or issuing of any promissory note, hundi or bill of exchange expressed to be payable to bearer on demand by a person other than the Reserve Bank of India or the Central Government is prohibited under |
| A. | Banking Regulation Act, 1949 |
| B. | Section 31 [a] of the Reserve Bank of India Act. 1934 |
| C. | Negotiable Instruments Act, 1881 |
| D. | Indian Contract Act, 1872 |
| E. | None of the above |
| Answer» C. Negotiable Instruments Act, 1881 | |
| 3213. |
The target market for Debit Cards is [SBI PO 2013] |
| A. | all existing account holders |
| B. | all agriculturists |
| C. | all DSAs |
| D. | all vendors |
| E. | all outsourced agents |
| Answer» B. all agriculturists | |
| 3214. |
State Bank of India on May, 2015 launched State Bank RuPay Platinum debit card in association with National Payment Corporation of India (NPCI). The RuPay card is accepted at [SBI PO 2015] |
| A. | ATMs |
| B. | PoS |
| C. | E-commerce |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 3215. |
What is a fiscal deficit? [Punjab and Sindh Bank 2011] |
| A. | It is a gap between the values of exports and imports |
| B. | It is a gap between exports and imports minus external borrowings |
| C. | It is a gap between total expenditure and total receipts of the government |
| D. | It is a gap between total receipts minus external borrowings |
| Answer» E. | |
| 3216. |
According to GST Bill, State taxes subsumed in GST is/are I. Central Sale tax II. Luxury tax III. Taxes on advertisement Codes |
| A. | II and III |
| B. | I and III |
| C. | I and II |
| D. | Only III |
| Answer» E. | |
| 3217. |
How instrument is used by the Reserve Bank of India to control market liquidity? [SBI 2014] |
| A. | Repo rate |
| B. | Statutory Liquidity Ratio |
| C. | Marginal Adjustment Facility |
| D. | Reserve Repo Rate |
| Answer» E. | |
| 3218. |
What is the full form of 'ULIP', the term which was in the news recently? [Syndicate 2010] |
| A. | Universal Life & Investment Plan |
| B. | Unit Loan & Insurance Plan |
| C. | Universal Loan & Investment Plan |
| D. | Uniformly Loaded Investment Plan |
| Answer» E. | |
| 3219. |
The stance of RBI monetary policy is [BOB 2008] |
| A. | inflation control with adequate liquidity for growth |
| B. | improving credit quality of the Banks |
| C. | strengthening credit delivery mechanism |
| D. | supporting investment demand m the economy |
| Answer» E. | |
| 3220. |
A bank which acts as a banker of other banks is called |
| A. | saving bank |
| B. | commercial bank |
| C. | investment bank |
| D. | development bank |
| Answer» E. | |
| 3221. |
Which of the following agencies/ organisations in India maintains the Micro Finance Development and Equity Fund which was in news recently? [IBPS 2012] |
| 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) |
| Answer» E. | |
| 3222. |
The main resources of RRBs are |
| A. | share capital |
| B. | deposit from the public |
| C. | borrowing from sponsor banks |
| D. | refinance from NABARD |
| Answer» E. | |
| 3223. |
With a view to improving the performance of RRBs and giving more powers and flexibility to their boards in decision- making, the Reserve Bank had constituted task force on empowering the RRB Boards for Operational Efficiency. The task force was headed by |
| A. | KG Karmakar |
| B. | SS Tarpore |
| C. | Rangarajan |
| D. | M Narasimham |
| Answer» E. | |
| 3224. |
Which of the following conditions are required to be fulfilled by a Regional Rural Bank (RRB) to be eligible for opening of new branches? |
| A. | It should not have defaulted in maintenance of SLR and CRR during the last 2 years |
| B. | It should be making operational profits |
| C. | Its net worth should show improvement and its net NPA ratio should not exceed 8% |
| D. | Both [a] and [b] |
| Answer» E. | |
| 3225. |
Which of the following is popular 'saving I auk among the poor children? |
| A. | Core banking |
| B. | Credit banking |
| C. | Debit banking |
| D. | Merchant banking |
| Answer» E. | |
| 3226. |
On 25th September, 1975, rupee was delinked from pound sterling and was linked to |
| A. | US dollar |
| B. | gold |
| C. | basket of currencies |
| D. | All of these |
| Answer» E. | |
| 3227. |
Which of the following is a characteristic of a capital market instrument? |
| A. | Liquidity |
| B. | Marketability |
| C. | Long maturity |
| D. | Liquidity premium |
| Answer» E. | |
| 3228. |
As we have noticed, banks these days are giving more emphasis on 'Branchless Banking.' What does this really mean? I. What does this really mean? Banks will not have many branches as used to be in the good old days. Instead, the number of branches will be restricted and will conduct only a specified" core business. II. Banks will launch/operate many delivery channels like ATMs, Mobile Banking/Internet Banking, etc, so that people are not required to visit a branch for their usual banking needs. III. This means banks will issue only debit or credit cards for all types of day-to- day financial transactions. Cheques/ cash payments will not be allowed. Select the correct answer using the codes given below: |
| A. | Only I |
| B. | Only II |
| C. | I and II |
| D. | II and III |
| Answer» E. | |
| 3229. |
Which of the following is/are the major concepts visible in today's banking industry in India? I. Risk-based management II. Growing competition III. IT initiatives Select the correct answer using the codes given below: |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | I and III |
| Answer» E. | |
| 3230. |
The best alternative banking service to branch banking to be the part of financial inclusion? |
| A. | Establishment of small branches |
| B. | Set-up ATMs |
| C. | Issuing of ATM cards |
| D. | Giving credit cards |
| Answer» E. | |
| 3231. |
Lot of banks in India these days, are offering M-Banking facility to their customers. What is the full form of M in M-Banking? |
| A. | Money |
| B. | Marginal |
| C. | Message |
| D. | Mutual Fund |
| Answer» E. | |
| 3232. |
Which of the following banks launched EazyPay mobile application for merchants that allows all-in-one acceptance payments platform. It has all digital wallets, QR code, Unified Payments Interface (UPI) and credit & debit cards modes of payments? |
| A. | HDFC Bank |
| B. | Axis Bank |
| C. | Yes Bank |
| D. | IDFC Bank |
| Answer» E. | |
| 3233. |
Power in marketing channels is now with ___? [SBI 2014] |
| A. | Distributor |
| B. | Manufacturer |
| C. | Retailer |
| D. | Wholesaler |
| Answer» E. | |
| 3234. |
Qualities essential in good marketing are __. [SBI 2014] |
| A. | aggressiveness |
| B. | pushy |
| C. | perseverance |
| D. | politeness |
| Answer» E. | |
| 3235. |
Good marketing strategy envisages good and proper ____ [SBI 2012] |
| A. | Product distribution |
| B. | Networking of branches |
| C. | High Pricing |
| D. | Placement of counter staff |
| Answer» E. | |
| 3236. |
Marketing is the function of ____ [SBI 2012] |
| A. | Only Sales persons |
| B. | Only counter staff |
| C. | Only qualified persons |
| D. | Top Bosses |
| Answer» E. | |
| 3237. |
In Market segmentation which among the following is not an economic component? [SBI 2014] |
| A. | Age |
| B. | Gender |
| C. | Income Level |
| D. | Taxes |
| Answer» E. | |
| 3238. |
Efficient marketing style requires (SBI 2010) |
| A. | proper planning |
| B. | good communication skills |
| C. | team work |
| D. | knowledge of products |
| Answer» E. | |
| 3239. |
Good selling skills involves ________. [SBI 2011] |
| A. | patience |
| B. | perseverance |
| C. | empathy |
| D. | knowledge |
| Answer» E. | |
| 3240. |
Which of the following is known as cross selling by Banks? (IBPS 2011) (1) Sale of a debit card to a credit card holder (2) Sale of Insurance policy to a depositor (3) Issuance of Cash against Cheque presented by a third party |
| A. | Only (1) |
| B. | Only (2) |
| C. | Only (3) |
| D. | Both (1) and (3) |
| Answer» E. | |
| 3241. |
The central office of the Life Insurance Corporation of India (LIC) is located at |
| A. | Kolkata |
| B. | New Delhi |
| C. | Chennai |
| D. | Pune |
| Answer» E. | |
| 3242. |
In order to attract, more foreign exchange the Government of India decided to allow foreign investment in LLP firms, what is full form of 'LLP' as used in this reference? [IBPS PO 2011] |
| A. | Local Labour Promotion |
| B. | Low Labour Projects |
| C. | Limited Loan Partnership |
| D. | Longer Liability Partnership |
| Answer» E. | |
| 3243. |
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 |
| Answer» E. | |
| 3244. |
Banks' mandatory lending to farmers for agriculture, micro and small enterprises and other weaker sections where in banks are required to lend up to 40% of the loans is generally described as (IBPS 2013) |
| A. | Para banking |
| B. | Sub-prime lending |
| C. | Retail lending |
| D. | Non-priority sector lending |
| Answer» E. | |
| 3245. |
Banks these days have launched a new scheme product known as "Reverse Mortgage". The scheme is designed keeping which of the following groups of society in consideration? [BOM 2008] |
| A. | Youngsters who have just started earning |
| B. | Defence personnel whose life is always at high risk |
| C. | Senior citizens |
| D. | Women who do not have independent source of income |
| Answer» E. | |
| 3246. |
As published in the newspapers, the RBI has issued certain guidelines to be followed by the Recovery Agents appointed by the banks. In addition to this, the India Bank Association (IBA) has to formulate a special training course for them. Why do RBI and IBA have to come into picture for such an issue which is the responsibility of the banks? [OBC 2008] (1) RBI and Govt were getting many complaints from the public about the misbehaviour of Recovery Agents. (2) Govt of India is paying much emphasis on providing banking services to the poor section of the society. News about ill - treatment by agents or suicides due to inability to pay back loans create anegative picture. RBI does not want this to happen. (3) Despite banks' efforts to recover loans' many people still do not wish to repay their loans, intentionally. Recovery agents will help banks to get their money back by all possible means. |
| A. | Only (1) |
| B. | Only (2) |
| C. | Both (1) and (2) |
| D. | Only (3) |
| Answer» E. | |
| 3247. |
Which bank has launched Smart Up, a dedicated solution for startups, to fulfil all their banking needs? [SBI Main 2016] |
| A. | SBI |
| B. | ICICI |
| C. | HDFC |
| D. | Bank of Baroda |
| Answer» E. | |
| 3248. |
To which of the following crops does the Rashtriya Krishi Bima Yojana (NAIS) provide insurance? [IBPS 2012] |
| A. | Food crops (cereals and pulses) |
| B. | Oilseeds |
| C. | Horticultural crops |
| D. | Commercial crops |
| Answer» E. | |
| 3249. |
Which commercial bank of India recently became the first to launch Mobile Branch with ATM. titled 'Branch on Wheels'. [IBPS 2012] |
| A. | State Bank of India |
| B. | Axis Bank |
| C. | ICICI Bank |
| D. | ABN Amro Bank |
| Answer» E. | |
| 3250. |
Which of the following is not considered one among the loans under Retail Banking? |
| A. | Car loan |
| B. | Housing loan |
| C. | Personal loan |
| D. | Education loan |
| Answer» E. | |