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.
| 3301. |
One of the major challenges banking industry is facing these days is money laundering. Which of the following acts/ norms are launched by the banks to prevent money laundering in general? [BOB 2008] |
| A. | Know Your Customer Norms |
| B. | Banking Regulation Act |
| C. | Negotiable Instrument Act |
| D. | Narcotics and Psychotropic Substance Act |
| Answer» B. Banking Regulation Act | |
| 3302. |
Which of the following schemes was launched a few years back to provide wage employment to the rural people in India (The programme is being run successfully in addition to NREGA)? [BOM 2009] |
| A. | Indira Awas Yojana |
| B. | Accelerated Rural Water Supply Programme |
| C. | Total Sanitation Campaign |
| D. | Sampoorna Grameen Rozgar Yojana |
| Answer» E. | |
| 3303. |
Money Laundering normally involves [BOB 2008] |
| A. | placement of funds |
| B. | layering of funds |
| C. | integration of funds |
| D. | All of the above |
| Answer» E. | |
| 3304. |
Each of the RRBs covers districts ranging from [IBPS 2012] |
| A. | 1to 15 |
| B. | 2 to 25 |
| C. | 3 to 25 |
| D. | 2 to 15 |
| Answer» C. 3 to 25 | |
| 3305. |
Regional Rural Banks (RRBs) are classified as [NABARD 2009] |
| A. | scheduled commercial banks |
| B. | subsidiaries of the sponsor banks |
| C. | subsidiaries of NABARD |
| D. | All of the above |
| Answer» B. subsidiaries of the sponsor banks | |
| 3306. |
NABARD (National Bank for Agriculture and Rural Development) established JLG to extract the productive capability from rural population. JLG stands for? [SBI Main 2015] |
| A. | Junior Link Group |
| B. | Join Life Group |
| C. | Joint Line Group |
| D. | Joint Liability Group |
| Answer» E. | |
| 3307. |
Which of the following organisations is established mainly to promote Micro, Small and Medium industrial sector in India? [IBPS 2015] |
| A. | NABARD |
| B. | SIDBI |
| C. | IDBI Bank |
| D. | EXIM Bank |
| Answer» C. IDBI Bank | |
| 3308. |
Which of the following organization finance the Rural Infrastructure Development Fund? [SBI Main 2015] |
| A. | NABARD |
| B. | SEBI |
| C. | SIDBI |
| D. | RBI |
| Answer» B. SEBI | |
| 3309. |
Micro credit or micro finance is a novel approach to banking with the poor. In this approach, bank credit is extended to the poor through [Corporation Bank 2011] |
| A. | Self Help Groups |
| B. | Anganwadi |
| C. | Cooperative Credit Societies |
| D. | RBI |
| Answer» D. RBI | |
| 3310. |
As per the reports published in various journals and newspapers, the "small borrowers" in rural areas still prefer to take informal route for their credit needs. Which of the following is the "informal route" of credit in the financial sector? [Punjab &Sindh 2011] |
| A. | Credit cards |
| B. | Loan against gold from financial institute |
| C. | Debit cards |
| D. | Money lender |
| Answer» E. | |
| 3311. |
The working group set up by the RBI has suggested the launch of an Emergency Fund Facility Scheme for banks. This scheme will help which of the following types of banks? [Allahabad Bank 2010] |
| A. | Public Sector Banks |
| B. | Small Banks |
| C. | Urban Cooperative Banks |
| D. | Private Banks |
| Answer» D. Private Banks | |
| 3312. |
The Regulatory Authority for Regional Rural Banks is |
| A. | Sponsor Bank |
| B. | Central Government |
| C. | State Government |
| D. | RBI and NABARD |
| Answer» E. | |
| 3313. |
Out of total priority sector advances of RRBs, atleast ...... should be advanced to weaker sections. |
| A. | 0.25 |
| B. | 0.5 |
| C. | 0.6 |
| D. | 0.75 |
| Answer» B. 0.5 | |
| 3314. |
Which of the following statements is/are correct? 1. NBFCs do not hold a banking license. 2. NBFCs can issue Demand Drafts like banks. |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | None of these |
| Answer» B. 2 only | |
| 3315. |
Which of the following is/are correct about Cooperative Banks? |
| A. | They are organised under the provisions of the Cooperative Credit Societies Act. |
| B. | The major beneficiary of the Cooperative Banking is the agricultural sector. |
| C. | The cooperative credit institutions are of agricultural and non-agricultural type. |
| D. | All of the above |
| Answer» E. | |
| 3316. |
Which of the following agencies regulates and supervises NBFCs? |
| A. | Finance Ministry |
| B. | SEBI |
| C. | RBI |
| D. | Respective state government |
| Answer» D. Respective state government | |
| 3317. |
Which of the following statements is/are correct about Micro Units Development Refinance Agency (MUDRA)? 1. CGF (Credit Guarantee Fund) is expected to guarantee more than 1,00,000 crore rupees worth of loans to micro and small units in the first instance. 2. It will reduce the credit risk to banks and other financial intermediaries. |
| A. | Only 1 |
| B. | Only 2 |
| C. | Both |
| D. | None |
| Answer» D. None | |
| 3318. |
The MUDRA Bank will initially come under |
| A. | NABARD |
| B. | SIDBI |
| C. | HUDCO |
| D. | CIDCO |
| Answer» C. HUDCO | |
| 3319. |
Many Co-operative Banks have their licenses cancelled by RBI. Why? |
| A. | Because of financial indiscipline |
| B. | Because of staff and management rift |
| C. | As a result of labour unrest |
| D. | Owing to voluntary surrender by the co-operative |
| Answer» B. Because of staff and management rift | |
| 3320. |
The weakest link in the co-operative credit system is |
| A. | non-availability of published data on their functioning |
| B. | the non-viability of a large number of primary agricultural credit societies |
| C. | presence of multiple structure and diverse nature of various types of primary societies |
| D. | Both [a] and [b] |
| Answer» C. presence of multiple structure and diverse nature of various types of primary societies | |
| 3321. |
What was the objective of starting co- operative banking in India? |
| A. | To act as competitors to commercial banks |
| B. | To be solely for the agriculture sector |
| C. | To start self-help groups |
| D. | To replace moneylenders and indigenous bankers |
| Answer» E. | |
| 3322. |
What are the co-operative banks at the village level known as |
| A. | Central co-operative banks |
| B. | Primary agricultural co-operative societies |
| C. | Village co-operative banks |
| D. | State co-operative banks |
| Answer» C. Village co-operative banks | |
| 3323. |
Under the scheme of Co-operative Agricultural Credit developed in India, the state Co-operative Bank has been considered such a vital link that |
| A. | it has been given a status comparable to that of a scheduled bank |
| B. | for certain purposes, the central financing agencies have been treated as its branches |
| C. | Both [a] and [b] |
| D. | All of these |
| Answer» D. All of these | |
| 3324. |
Co-operative banks in India are registered under I. Banking Laws (Co-operative Societies) Act 1965. II. Banking Regulation Act 1949. III. Companies Act 1956. Select the correct answer using the codes given below |
| A. | Only I |
| B. | I and II |
| C. | II and III |
| D. | I and III |
| Answer» B. I and II | |
| 3325. |
Paid-up share capital of Regional Rural Bank (RRB) is contributed by |
| A. | Central Government |
| B. | State Government |
| 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 |
| Answer» C. Central Government, State Government and the Sponsor Commercial Bank in the ratio of 50 :15 : 35 respectively | |
| 3326. |
On the current account, balances maintained by the Regional Rural Banks (RRBs) with them, the commercial banks may |
| A. | pay interest up to 9% |
| B. | waive incident charges |
| C. | pay interest as applicable to savings accounts |
| D. | pay interest as such rates as may be mutually agreed to |
| Answer» B. waive incident charges | |
| 3327. |
Regional Rural Banks (RRBs) are empowered to transact the business of banking as denned under |
| A. | Banking Regulation Act, 1949 |
| B. | Negotiable Instruments Act, 1881 |
| C. | Regional Rural Banks Act, 1976 |
| D. | the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 |
| Answer» B. Negotiable Instruments Act, 1881 | |
| 3328. |
Under which category, will you classify Regional Rural Banks (RRBs)? |
| A. | Scheduled commercial banks |
| B. | Co-operative banks |
| C. | Private sector banks |
| D. | Development banks |
| Answer» B. Co-operative banks | |
| 3329. |
The National Housing Bank monitors which of the following schemes? |
| A. | Liberalized Finance Scheme |
| B. | Golden Jubilee Rural Housing Finance Scheme |
| C. | Energy Efficient Housing Finance Scheme |
| D. | Finance scheme for indirect loans |
| Answer» C. Energy Efficient Housing Finance Scheme | |
| 3330. |
Which of the following is incorrect about the recommendations of Narasimham Committee Report, 1998? |
| A. | Reduced CRR and SLR |
| B. | Deregulation of Interest Rate |
| C. | Establishment of the ARF Tribunal |
| D. | Fixing Prudential Norms |
| Answer» D. Fixing Prudential Norms | |
| 3331. |
When was the National Bank of Agriculture and Rural Development established? |
| A. | July, 1982 |
| B. | July, 1969 |
| C. | June, 1951 |
| D. | June, 1961 |
| Answer» B. July, 1969 | |
| 3332. |
On the recommendations of which of the following committees Regional Rural Banks (RRB) were established? |
| A. | Tarpore Committee |
| B. | Narasimham Committee' |
| C. | Karmakar Committee |
| D. | Kelker Committee |
| Answer» C. Karmakar Committee | |
| 3333. |
RRBs were set-up on |
| A. | 1975 |
| B. | 1985 |
| C. | 1991 |
| D. | 2001 |
| Answer» B. 1985 | |
| 3334. |
The common feature of all the agricultural credit societies in the country is that |
| A. | the persons living in cities and town are their members |
| B. | the agriculturists are their members |
| C. | only small and marginal farmers are their members |
| D. | only the farmers having land holding of 8 acre and above are their members |
| Answer» C. only small and marginal farmers are their members | |
| 3335. |
By virtue of the amendment carried out by the Regional Rural Bank (Amendment) Act/1987, the Chairman of a Regional Rural Bank (RRB) is to be appointed by |
| A. | Central Government |
| B. | State Government |
| C. | Sponsor bank in consultation with NABARD |
| D. | Reserve of Bank of India |
| Answer» D. Reserve of Bank of India | |
| 3336. |
The second phase of bank nationalisation took place in 1980 during the prime ministerial tenure of Indira Gandhi. Which bank was nationalised in this period? |
| A. | Indian Overseas Bank |
| B. | Central Bank of India |
| C. | Canara Bank |
| D. | Vijaya Bank |
| Answer» D. Vijaya Bank | |
| 3337. |
IDFC was incorporated on 30th Jan, 1997 with its registered office in [IBPS Clerk 2015] |
| A. | Chennai |
| B. | Bengaluru |
| C. | Kolkata |
| D. | Mumbai |
| Answer» B. Bengaluru | |
| 3338. |
The earliest attempt to set up in India a banking institution with some characteristics of central bank dates back to January, 1773 when Warren Hastings, Governor of Bengal (later Governor General) recommended the establishment of [RBI Assistant 2013] |
| A. | Presidency Bank |
| B. | Reserve Bank of India |
| C. | Imperial Bank of India |
| D. | General Bank of Bengal and Bihar |
| Answer» E. | |
| 3339. |
Consider the following statements. I. In Indian Commercial Banking System, the number of the Non-Scheduled Bank is more than the Scheduled Banks. II. The Non-Scheduled Banks in Indian Commercial Banking System are even less than a dozen in number. Which of the statement(s) given above is/are correct? |
| A. | Only I |
| B. | Only II |
| C. | Both I and II |
| D. | Neither I nor II |
| Answer» C. Both I and II | |
| 3340. |
Tagline of Bank of India |
| A. | Relationship beyond banking |
| B. | One family one bank |
| C. | A Premiere Public Sector Bank |
| D. | Trusted Family Bank |
| Answer» B. One family one bank | |
| 3341. |
Which bank is called Apex Bank? |
| A. | Development Bank of India |
| B. | NABARD |
| C. | Reserve Bank of India |
| D. | SBI |
| Answer» D. SBI | |
| 3342. |
Generally, the minimum rate below which the banks do not lend is known as |
| A. | Floor rate |
| B. | repo rate |
| C. | Highest rare |
| D. | base rate |
| Answer» E. | |
| 3343. |
When did Indian Banking Act come into force? |
| A. | 1948 |
| B. | 1949 |
| C. | 1950 |
| D. | 1951 |
| Answer» C. 1950 | |
| 3344. |
Commercial paper (CP) is issued in the form of. (IBPS 2014) |
| A. | credit ratings |
| B. | credit fund |
| C. | Promissory notes |
| D. | securities |
| Answer» D. securities | |
| 3345. |
Which of the following terms is NOT directly associated with the functioning of RBI? (RBI 2015) |
| A. | Open Market Operations |
| B. | Cash Reserve Ratio |
| C. | SENSEX |
| D. | Liquidity Adjustment Facility |
| Answer» D. Liquidity Adjustment Facility | |
| 3346. |
The monetary authority in India, viz Reserve Bank of India, is bound to maintain a reserve against the notes issued, whatever may be the amount. This system is called is |
| A. | minimum reserve system |
| B. | proportional reserve system |
| C. | maximum fiduciary issue system |
| D. | simple deposit system |
| Answer» C. maximum fiduciary issue system | |
| 3347. |
Mutual Fund can benefit from economy of scale because of |
| A. | portfolio diversification |
| B. | risk reduction |
| C. | large volume of trades |
| D. | All of the above |
| Answer» D. All of the above | |
| 3348. |
Which of the following is/are not correct about government securities? |
| A. | It is also called the gilt edged securities. |
| B. | It comprises of dated securities issued by the Government of India |
| C. | Government of India manages these securities. |
| D. | [b] and [c] |
| Answer» D. [b] and [c] | |
| 3349. |
Which of the following is/are correct for Money Market? |
| A. | It is a short-term credit market. |
| B. | It is regulated by the Reserve Bank of India |
| C. | It consists of borrowers and lenders of short-term funds. |
| D. | All the above |
| Answer» E. | |
| 3350. |
Which of the following about money supply measures adopted in 1977 is correct? |
| A. | M2= Ml +demand deposits with post offices |
| B. | M3= Ml +term deposits with banks |
| C. | M4=M3+total deposits with post offices |
| D. | All the above |
| Answer» E. | |