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.
| 3451. |
In India, which of the following agencies is responsible for announcing the Foreign Trade Policy? |
| A. | RBI |
| B. | EXIM Bank |
| C. | Foreign Ministry |
| D. | Industry and Commerce Ministry |
| Answer» E. | |
| 3452. |
The Asian Development Bank (ADB) is a regional development bank established in 1966. It is headquartered in [RBI Grade B 2015] |
| A. | Shanghai (China) |
| B. | Other than those given as options |
| C. | Metro Manila (Philippines) |
| D. | Kathmandu (Nepal) |
| Answer» D. Kathmandu (Nepal) | |
| 3453. |
Who is the watch dog of international trade? |
| A. | World Bank |
| B. | WTO |
| C. | IMF |
| D. | ILO |
| Answer» C. IMF | |
| 3454. |
Who bears the premium payable to the insurance company under accidental insurance cover under PMJDY scheme? [IBPS Clerk 2014] |
| A. | Government of India |
| B. | 50% by account holder and rest by the bank |
| C. | NPCI |
| D. | Account holder |
| Answer» B. 50% by account holder and rest by the bank | |
| 3455. |
Central Statistical Organisation is now known as |
| A. | Central Statistical Office |
| B. | Central Science Office |
| C. | Common Statistical Organisation |
| D. | Current Statistical Organisation |
| Answer» B. Central Science Office | |
| 3456. |
The branding line of Bank of Baroda I [BOB 2008] |
| A. | International Bank of India |
| B. | India's International Bank |
| C. | India's Multinational Bank |
| D. | World's local Bank |
| Answer» C. India's Multinational Bank | |
| 3457. |
The Concept of 'Universal Banking' was implemented in India on the recommendations of: [SBI Main 2015] |
| A. | Abid Hussai Committee |
| B. | R H Khan Committee |
| C. | S Padmanabhan Committee |
| D. | YH Malegam Committee |
| Answer» C. S Padmanabhan Committee | |
| 3458. |
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 2013] |
| A. | Universal Banking |
| B. | Indirect Bank |
| C. | Door Step Bank |
| D. | A Direct Bank |
| Answer» E. | |
| 3459. |
Which one of the public sector bank has completed 100 years of its establishment on 21st December, 2011? |
| A. | Central Bank of India |
| B. | State Bank of India |
| C. | Punjab National Bank |
| D. | Bank of Baroda |
| Answer» B. State Bank of India | |
| 3460. |
Consider the following statements: 1. Allahabad Bank was the first bank established exclusively by Indians. 2. Seven banks forming subsidiary of State Bank of India were nationalised in 1960. Which of the statements given above is/are correct? |
| A. | Only 1 |
| B. | Only 2 |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» D. Neither 1 nor 2 | |
| 3461. |
Which is the largest associate's bank of State Bank of India? |
| A. | State Bank of Patiala |
| B. | State Bank of Hyderabad |
| C. | State Bank of Bikaner and Jaipur |
| D. | State Bank of Saurashtra |
| Answer» C. State Bank of Bikaner and Jaipur | |
| 3462. |
Which bank came into existence in 1921 when three banks namely, Bank of Bengal (1806), Bank of Bombay (1840) and Bank of Madras (1843) were reorganised and amalgamated to form a single banking entity? |
| A. | Imperial Bank of India |
| B. | State Bank of India |
| C. | Reserve Bank of India |
| D. | Punjab National Bank |
| Answer» B. State Bank of India | |
| 3463. |
The seed capital of Bhartiya Mahila Bank is (IBPS 2013) |
| A. | Rs. 2000 crore |
| B. | Rs. 1000 crore |
| C. | Rs. 4000 crore |
| D. | Rs. 3000 crore |
| Answer» C. Rs. 4000 crore | |
| 3464. |
Which of the following sectors is/are eligible for Interest Subvention Scheme? |
| A. | Textile |
| B. | Automobile |
| C. | Agriculture |
| D. | Both [a] and [c] |
| Answer» E. | |
| 3465. |
Which of the following statements is/are correct about Swabhiman scheme? I. It focuses on the opening of bank accounts in rural areas. II. Banks to operate in areas with population of more than 1600 in plain areas and 1000 in north-eastern and hilly states. |
| A. | I only |
| B. | II only |
| C. | Both I and II |
| D. | None of these |
| Answer» C. Both I and II | |
| 3466. |
Which of the following statements is/are correct about Local Area Banks? I. They will be allowed to perform all functions of a scheduled commercial bank. II. They are likely to have a capital adequacy ratio higher than 15% to offset business risk. |
| A. | I only |
| B. | II only |
| C. | Both I and II |
| D. | None of these |
| Answer» D. None of these | |
| 3467. |
RBI encourages provision of affordable financial services like |
| A. | zero-balance |
| B. | no-frills bank accounts |
| C. | access to payments and remittance facilities |
| D. | All of the above |
| Answer» E. | |
| 3468. |
Which of the following committees recommended religion and caste as new below poverty line (BPL) criteria? |
| A. | N C Saxena Committee |
| B. | C Rangarajan Committee |
| C. | Kelkar Committee |
| D. | All of the above |
| Answer» B. C Rangarajan Committee | |
| 3469. |
According to the new proposal on priority sector lending, what sub-target is to be created for Micro Enterprises in India? |
| A. | 0.07 |
| B. | 0.075 |
| C. | 0.08 |
| D. | 0.085 |
| Answer» C. 0.08 | |
| 3470. |
Which of the following committees has given its recommendations on financial inclusions? |
| A. | Rakesh Mohan committee |
| B. | Rangarajan committee |
| C. | Sinha committee |
| D. | Gadgil committee |
| Answer» D. Gadgil committee | |
| 3471. |
In financial inclusion, business correspondent scheme is also a part of it. Which of the following services is/are provided by the business correspondent scheme? |
| A. | Disbursal of small credit only |
| B. | Cash deposit |
| C. | Recovery of loan |
| D. | All of the above |
| Answer» E. | |
| 3472. |
Which of the following is impacted by life cover to GDP ratio? |
| A. | Meaningful Financial Inclusion |
| B. | Loan Disbursement |
| C. | Inflation |
| D. | Deflation |
| Answer» B. Loan Disbursement | |
| 3473. |
Which of the following was/were recommended by the Nachiket Mor Committee? I. Providing a universal bank account to all Indians above the age of 18 years by January 1, 2016 II. Establishing wholesale banks for credit outreach III. Adjusting 50 per cent priority sector lending target with adjustments for sectors and regions based on difficulty in lending IV. Allowing differentiated licensees for banks |
| A. | II only |
| B. | I and IV |
| C. | I, II and III |
| D. | I, II, III and IV |
| Answer» E. | |
| 3474. |
Which of the following statements is/are correct about Aadhar Payment Bridge? I. It ensures financial inclusion. II. It aims at credit disbursements based on UID number. |
| A. | I only |
| B. | II only |
| C. | Both I and II |
| D. | None of these |
| Answer» D. None of these | |
| 3475. |
Which of the following made the initial contribution for setting up Financial Inclusion Fund and Financial Inclusion Technology Fund? |
| A. | Government of India, NABARD and RBI |
| B. | NABARD, UTI and RBI |
| C. | SIDBL Government of India and IDBI Bank |
| D. | SIDBI, NABARD and UTI |
| Answer» B. NABARD, UTI and RBI | |
| 3476. |
What is/are the main reason(s) for the lack of financial inclusion in India? |
| A. | Inability to provide collateral security |
| B. | Poor credit absorption capacity |
| C. | Inadequate reach of the institutions |
| D. | All of the above |
| Answer» E. | |
| 3477. |
According to Nachiket Mor Committee, every adult should have bank account by |
| A. | 2016 |
| B. | 2017 |
| C. | 2018 |
| D. | 2020 |
| Answer» B. 2017 | |
| 3478. |
Which of the following committees suggested initiatives on Medium-term Path on Financial Inclusion? |
| A. | R. Gandhi Committee |
| B. | Deepak Mohanty Committee |
| C. | Usha Thorat Committee |
| D. | Nachiket Mor Committee |
| Answer» C. Usha Thorat Committee | |
| 3479. |
Which of the following programmes aims at promoting savings among rural women? |
| A. | Rashtriya Mahila Kosh |
| B. | Mahila Samriddhi Yojna |
| C. | Indira Manila Ypjna |
| D. | Jawahar Rozgar Yojna |
| Answer» C. Indira Manila Ypjna | |
| 3480. |
What amount can be availed as housing loans in metro cities under priority sector lending? |
| A. | Rs. 28 lakh |
| B. | Rs. 20 lakh |
| C. | Rs. 15 lakh |
| D. | Rs. 10 lakh |
| Answer» B. Rs. 20 lakh | |
| 3481. |
Priority sector lending focuses on which of the following sectors? |
| A. | Education |
| B. | Agriculture |
| C. | Small scale industries |
| D. | All of the above |
| Answer» E. | |
| 3482. |
Deposits with Regional Rural Banks (RRBs) are insured by |
| A. | Life Insurance Corporation of India |
| B. | General Insurance Corporation |
| C. | Deposit Insurance and Credit Guarantee Corporation |
| D. | None of the above |
| Answer» B. General Insurance Corporation | |
| 3483. |
NABARD is a |
| A. | Board |
| B. | Bureau |
| C. | Bank |
| D. | Department |
| Answer» D. Department | |
| 3484. |
Principle function of SIDBI, is [IBPS Clerk 2015] |
| A. | promotion of SSI |
| B. | finance of SSI |
| C. | development of SSI |
| D. | All of these |
| Answer» D. All of these | |
| 3485. |
Which country has been ranked as a top destination for Foreign Direct Investment (FDI)? [SBI Main 2016] |
| A. | China |
| B. | India |
| C. | Malaysia |
| D. | Singapore |
| Answer» C. Malaysia | |
| 3486. |
How many cities will be chosen for the AMRUT (Atal Mission for Rejuvenation and Urban Transformation) project? [IBPS Main 2015] |
| A. | 100 |
| B. | 250 |
| C. | 200 |
| D. | 500 |
| Answer» E. | |
| 3487. |
Who among the following is the head of the committee formed by SEBI to frame a single set of guidelines for all types of foreign investors? [SBI Main 2015] |
| A. | Prabhat Kumar |
| B. | T.R. Prasad |
| C. | K.M. Chandrashekhar |
| D. | Kamal Pande |
| Answer» D. Kamal Pande | |
| 3488. |
Which of the following lendings qualifies as a priority sector loan? |
| A. | Loan for purchase of gold for marriage of daughter |
| B. | Loan for consumer durables |
| C. | Housing loan |
| D. | Loan for purchase of tractor |
| Answer» E. | |
| 3489. |
Since, acceptance of deposits and granting of loans are the two general functions of a bank, the relationship arising out of these two main activities is known as |
| A. | principal and agent relationship |
| B. | financer and financee relationship |
| C. | bailor and bailee relationship |
| D. | general relationship |
| Answer» E. | |
| 3490. |
When banks make advances to limited companies against their assets, the required forms are to be presented to the Registrar companies within ................ from the date of execution. |
| A. | 21 days |
| B. | 30 days |
| C. | 1 month |
| D. | 2 months |
| Answer» C. 1 month | |
| 3491. |
A loan granted for short-term crops will be treated as NPA, if the instalment of principal or interest thereon or both remain overdue for..... crop season(s). |
| A. | one |
| B. | two |
| C. | three |
| D. | four |
| Answer» C. three | |
| 3492. |
When more than one bank is allowing credit facilities to one party in co-ordination with each other under a formal arrangement the arrangement is generally known as |
| A. | participation |
| B. | consortium |
| C. | syndication |
| D. | multiple banking |
| Answer» C. syndication | |
| 3493. |
Banks have the lowest lending levels in the ................. part of India. |
| A. | Central |
| B. | North-Eastern |
| C. | Southern |
| D. | Western |
| Answer» C. Southern | |
| 3494. |
In case of a debt taken by a married woman, her husband will be liable for debt only if the debt is taken |
| A. | with his consent or authority |
| B. | for the supply of necessaries of life to the wife, in case the husband defaults in supplying the same to her |
| C. | Both [a] and [b] |
| D. | Either [a] or [b] |
| Answer» D. Either [a] or [b] | |
| 3495. |
As reported in various newspapers, many banks have revised their interest rates on home loans, car loans and other such loans. Which of the following phenomenon prompted these banks to make such an upward revision in their interest rates? I. RBI has revised the CRR and other such rates upward which has created a liquidity crunch in the market. II. Stock markets in the country are showing very high fluctuations as visible through their indexes. As a result banks have lost a huge amount of money in trading. Banks now want to recover that money by increasing their interest rates. III. Banks are in need of a huge amount of money as they have to give revised pay to all its employees. Select the correct answer using the codes given below |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | All of these |
| Answer» B. Only II | |
| 3496. |
Which bank has tied with New India Assurance to launch health insurance products for women account holders of the bank. (SBI 2014) |
| A. | State bank of India |
| B. | ICICI bank |
| C. | Punjab National Bank |
| D. | Bhartiya Mahila Bank |
| Answer» E. | |
| 3497. |
Which of the following values is considered by a bank when it gives loan against LIC policy? (SBI 2014) |
| A. | Face value |
| B. | Surrender value |
| C. | Insured value |
| D. | Both [a] and [b] |
| Answer» C. Insured value | |
| 3498. |
Which among the following Companies in India has a tie-up with the Japanese Financial Nomura for insurance market? (IBPS 2013) |
| A. | ICICI Bank |
| B. | UCO Bank |
| C. | Kotak Finance |
| D. | Life Insurance Corporation of India |
| Answer» E. | |
| 3499. |
Which bank announced that it had entered into agreements with private insurers Cigna TTK and Reliance General Insurance to provide, health and general insurance services to its customers? (IBPS 2016) |
| A. | Tamil Nadu Merchantile Bank |
| B. | Bank of Baroda |
| C. | Maharashtra Bank |
| D. | Andhra Bank |
| Answer» E. | |
| 3500. |
One of the major emphases of Basel II is that banks should have [Allhabad Bank 2010] |
| A. | adequate Capital Adequacy Ratio |
| B. | only few branches in urban centres |
| C. | more and more branches in rural areas |
| D. | core banking mode of operation |
| Answer» B. only few branches in urban centres | |