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.
| 3351. |
Which one of the following is known as 'Demat' account? [IBPS PO 2015] |
| A. | Account in which shares are held in electronic form |
| B. | Other than those given as options |
| C. | Account allowed to be operated by guardian of minor |
| D. | Account operated by business correspondents in rural centres |
| Answer» B. Other than those given as options | |
| 3352. |
Which of the following organisation is made specifically responsible for empowering Micro, Small and Medium enterprises in India? [SBI PO 2013] |
| A. | NABARD |
| B. | RBI |
| C. | SIDBI |
| D. | ECGC |
| Answer» D. ECGC | |
| 3353. |
Which of the following is not a money market instrument? |
| A. | Treasury Bills |
| B. | Commercial Paper |
| C. | Certificate of Deposit |
| D. | Equity Share |
| Answer» E. | |
| 3354. |
Which of the following Organisations is the Regulators of Stock Exchanges in India? [SBI Assistant 2012] |
| A. | RBI |
| B. | SIDBI |
| C. | SEBI |
| D. | NABARD |
| Answer» D. NABARD | |
| 3355. |
Which of the following organisations/ agencies has established a fund known as Investor Protection Fund? [Indian Overseas Bank 2011] |
| A. | RBI |
| B. | SIDBI |
| C. | Bombay Stock Exchange |
| D. | Ministry of Finance |
| Answer» B. SIDBI | |
| 3356. |
Consider the following statements I. Call Money- Money lent for 1 days. II. Notice Money - Money sent for a period exceeding 1 day. III. Term Money - Money lent for 15 days or more in interbank market Which is/are correct? |
| A. | I and II |
| B. | II and III |
| C. | I, II and III |
| D. | I and III |
| Answer» D. I and III | |
| 3357. |
The treasury bills are issued at a |
| A. | discount |
| B. | premium |
| C. | Both a and b |
| D. | face value |
| Answer» B. premium | |
| 3358. |
Which of the following statements is true regarding a corporate bond? |
| A. | A corporate callable bond gives the holder the right to exchange it for a specified number of the company's common shares |
| B. | A corporate debenture is a secured bond |
| C. | A corporate indenture is a secured bond |
| D. | A corporate convertible bond gives the holder the right to exchange the bond for a specified number of the company's common shares |
| Answer» E. | |
| 3359. |
What is the maximum denomination for a commercial paper? |
| A. | 5 lac |
| B. | 10 lac |
| C. | 25 lac |
| D. | no ceiling |
| Answer» E. | |
| 3360. |
As per the announcement made by the RBI, some stock exchanges in India are allowed to introduce Plain Vanilla Currency Option. The term Plain Vanilla Currency Option is associated with which of the following activities/operations? |
| A. | Dollar Rupee exchange rate |
| B. | Floating of commercial papers |
| C. | Launch of new mutual funds |
| D. | Deciding the opening price of a share on a particular business day |
| Answer» B. Floating of commercial papers | |
| 3361. |
The availability or cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as |
| A. | cash crunch |
| B. | liquidity |
| C. | credit |
| D. | marketability |
| Answer» C. credit | |
| 3362. |
FLASHremit' service to offer an instant bank transfer service to the Indians residing in the Gulf nation has been launched by -which bank in association with UAE exchange? [IBPS 2015] |
| A. | HDFC bank |
| B. | SBI |
| C. | Axis bank |
| D. | ICICI bank |
| Answer» E. | |
| 3363. |
What is the full form of NBFC as used in the financial sector? [IBPS 2015] |
| A. | New Banking Finance Company |
| B. | National Banking & Finance Corporation |
| C. | Non Business Fund Company |
| D. | New Business Finance & Credit |
| Answer» C. Non Business Fund Company | |
| 3364. |
What does stand for "S" in RTGS? [IBPS 2015] |
| A. | Security |
| B. | Services |
| C. | Settlement |
| D. | System |
| Answer» D. System | |
| 3365. |
Which bank has launched first equated EMI on debit cards? [IBPS 2014] |
| A. | ICICI |
| B. | HDFC |
| C. | SBI |
| D. | Indian |
| Answer» B. HDFC | |
| 3366. |
Which of the following public sector banks recently became the first to launch the Instant Money Transfer (IMF) scheme which is innovative domestic money remittance facility from ATMs without an account in the bank? [SBI 2014] |
| A. | State Bank of India |
| B. | Axis Bank |
| C. | Punjab National Bank |
| D. | Bank of India |
| Answer» E. | |
| 3367. |
What is the secured messaging system device used by IDBRT in the field of banking'?[SBI 2014] |
| A. | NEFT |
| B. | SFMS |
| C. | RTGS |
| D. | EFT |
| Answer» C. RTGS | |
| 3368. |
Who decided the limits on cash withdrawal at ATMs and for purchase of goods and services? [SBI 2014] |
| A. | Issuer Bank |
| B. | RBI |
| C. | Government |
| D. | SEBI |
| Answer» B. RBI | |
| 3369. |
Where is the headquarters of SWIFT (Society for Worldwide Interbank Financial Telecommunication) located? [IBPS 2014] |
| A. | Vienna, Austria |
| B. | Brussels, Belgium |
| C. | Montreal, Canada |
| D. | Durban, South Africa |
| Answer» C. Montreal, Canada | |
| 3370. |
The Aadhar-enabled Payment System (AEPS) is a bank-led model that facilitates banking facilities through banking correspondents across banks. However, Aadhaar- enabled basic types of banking transactions do 'not' include [IBPS 2013] |
| A. | Aadhaar to Aadhaar funds transfer |
| B. | Small overdraft faculty |
| C. | Cash withdrawal |
| D. | Balance enquiry |
| Answer» C. Cash withdrawal | |
| 3371. |
The full form of PIN in the parlance of an ATM card is [Corporation Bank 2011] |
| A. | Permanent Information Number |
| B. | Personal Identification Number |
| C. | Professional Identification Number |
| D. | Permanent Identification Number |
| Answer» C. Professional Identification Number | |
| 3372. |
Many times we read a term CBS used is banking operations. What is the full form of the letter C in the term 'CBS'? [Indian Overseas Bank 2011] |
| A. | Complete |
| B. | Credit |
| C. | Continuous |
| D. | Core |
| Answer» E. | |
| 3373. |
Which of the following is known as Plastic Money? [Indian Overseas Bank 2011] (1) Demand Draft (2) Credit Card (3) Debit Card |
| A. | Only (1) |
| B. | Only (2) |
| C. | Only (3) |
| D. | Both (2) and (3) |
| Answer» E. | |
| 3374. |
What is the full form of E-BAAT? [IBPS 2014] |
| A. | Elected Banking Awareness and Technology |
| B. | Electronic Budget Awareness and Technology |
| C. | Electronic Banking Awareness and Technology |
| D. | Electronic Banking Awareness and Transaction |
| Answer» D. Electronic Banking Awareness and Transaction | |
| 3375. |
The Aadhar-enabled Payment System (AEPS) is a bank-led model that facilitates banking facilities through banking correspondents across banks. However, Aadhaar- enabled basic types of banking transactions do not' include [IBPS 2013] |
| A. | Aadhaar to Aadhaar funds transfer |
| B. | Small overdraft facility |
| C. | Cash withdrawal |
| D. | Balance enquiry |
| Answer» C. Cash withdrawal | |
| 3376. |
Which of the following is known as Plastic Money? 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 |
| Answer» E. | |
| 3377. |
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 |
| Answer» B. Smart Card | |
| 3378. |
Indian Financial System Code is used for |
| A. | National Electronic Funds Transfer |
| B. | Real Time Gross Settlement |
| C. | Centralized Funds Management System |
| D. | All of the above |
| Answer» E. | |
| 3379. |
Electronic Funds Transfer at Point of Sale involves funds transfers based on the use of |
| A. | debit cards |
| B. | credit cards |
| C. | both [a] and [b] |
| D. | None of these |
| Answer» D. None of these | |
| 3380. |
For credit cards, the MDR varies between |
| A. | 1.5-2.5 percent |
| B. | 1.5-2 percent |
| C. | 2-2.5 percent |
| D. | 2-3 percent |
| Answer» B. 1.5-2 percent | |
| 3381. |
The ATMs which are set up, owned and operated by non-banks are called |
| A. | White Label ATMs |
| B. | Brown Label ATMs |
| C. | Blue Label ATMs |
| D. | None of these |
| Answer» B. Brown Label ATMs | |
| 3382. |
RTGS stands for |
| A. | Real Time Gross Settlements |
| B. | Reduced Time Gross Settlements |
| C. | Relative Time Gross Settlements |
| D. | Real Total Gross Securities |
| Answer» B. Reduced Time Gross Settlements | |
| 3383. |
'Smart Money' is a term used for |
| A. | internet banking |
| B. | FDRs in banks |
| C. | credit cards |
| D. | demand drafts of banks |
| Answer» D. demand drafts of banks | |
| 3384. |
What is the name given to the online payment services that all internet banking customers can use? |
| A. | E pay |
| B. | E-commerce |
| C. | ECS |
| D. | All of these |
| Answer» B. E-commerce | |
| 3385. |
In E-commerce what is meant by B2B? |
| A. | It means trade between business to business |
| B. | The deals between business to banks |
| C. | It suggests transactions between banks and capitalists |
| D. | All of the above |
| Answer» B. The deals between business to banks | |
| 3386. |
Which of following is necessary to transfer funds through the RTGS facility? |
| A. | Beneficiary's bank account number |
| B. | The IFSC number of the beneficiary's bank branch |
| C. | There is a minimum amount specified for transfer |
| D. | All of the above |
| Answer» E. | |
| 3387. |
'National Financial Switch' has been set- up to facilitate connectivity between the bank's switches and their ATMs and inter- bank payment gateway for authentication and routing the payment details of various e-commerce transactions. Which organisation has set-up this switch? |
| A. | IBRD |
| B. | IDRBT |
| C. | SBI |
| D. | SIDBI |
| Answer» C. SBI | |
| 3388. |
Which is the card that looks like any other plastic card or an ATM card with Integrated Circuit (IC chip)? |
| A. | Member card |
| B. | Charge card |
| C. | Credit card |
| D. | Smart card |
| Answer» E. | |
| 3389. |
E-commerce is increasingly becoming a popular mode of doing business. What is this way of operating? |
| A. | Buying goods and services online from vendors |
| B. | Placing orders on the phones |
| C. | Getting 30 days credit period for payment |
| D. | Payment has to be made in advance before goods/ services are delivered |
| Answer» B. Placing orders on the phones | |
| 3390. |
Telebanking service is based on |
| A. | virtual banking |
| B. | online banking |
| C. | voice banking |
| D. | core banking |
| Answer» D. core banking | |
| 3391. |
To use smart cards/debit cards/credit cards for the purchase of an item or for payment of a service at a merchant's store/ the card has to be swiped in a terminal known as |
| A. | point of sale terminal |
| B. | real time terminal |
| C. | shopping terminal |
| D. | All of the above |
| Answer» B. real time terminal | |
| 3392. |
Which of the following is a leading electronic payment technology firm? (The logo of the firm can be seen printed on credit cards/ ATM centres etc. |
| A. | Visa |
| B. | Max |
| C. | BSE |
| D. | Sensex |
| Answer» B. Max | |
| 3393. |
How much payment can be made in cash to the beneficiary in India under MTSS? |
| A. | Rs. 2, 00,000 |
| B. | Rs. 1, 00,000 |
| C. | Rs. 50,000 |
| D. | Rs. 55,000 |
| Answer» D. Rs. 55,000 | |
| 3394. |
MTSS is a way of transferring personal remittances from abroad to beneficiaries in India. What does MTSS stand for |
| A. | Mobile Transfer Service Scheme |
| B. | Money Transfer System Scheme |
| C. | Money Timing Service Scheme |
| D. | Money Transfer Service Scheme |
| Answer» E. | |
| 3395. |
Plastic Money' denotes _____? |
| A. | Bearer cheque |
| B. | Credit card |
| C. | Demand Draft |
| D. | Traveller's cheque |
| Answer» C. Demand Draft | |
| 3396. |
Which of the following features fit for e-Banking? |
| A. | Providing Ease in banking operations |
| B. | Stress on branchless banking |
| C. | Time Saving |
| D. | All of the above |
| Answer» E. | |
| 3397. |
An open source platform for mobile-to- mobile fund transfers without account details launched by NPCI was? |
| A. | Payment Interface |
| B. | Unique Payment Interface |
| C. | Unified Payment Interface |
| D. | People's Payment Interface |
| Answer» D. People's Payment Interface | |
| 3398. |
Conversion of Physical form of share into electronic form is called- |
| A. | E-Share |
| B. | Online Share Card |
| C. | Internet Trading |
| D. | DEMAT |
| Answer» E. | |
| 3399. |
Kerala-based NBFC Manappuram Finance will launch its own co-branded prepaid card in the tie-up with _________ to promote digital financial transactions. |
| A. | Canara Bank |
| B. | HDFC Bank |
| C. | Yes Bank |
| D. | ICICI Bank |
| Answer» D. ICICI Bank | |
| 3400. |
HDFC Bank has announced its UPI will also be available on Chillr, a multi-bank mobile payments app. What is the meaning of "I" in UPI? |
| A. | Instant |
| B. | Interface |
| C. | Initial |
| D. | International |
| Answer» C. Initial | |