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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.
3601. |
India Post Payments Bank (IPPB) kicked off its operations by rolling out pilot services in which city/cities? |
A. | Raipur |
B. | Ranchi |
C. | Patna |
D. | Both [a] and [b] |
Answer» E. | |
3602. |
Which of the following became India's first payment bank after it was formally launched on 12 January 2017? |
A. | Airtel Payments Bank |
B. | Vodafone M-Pesa |
C. | Aditya Birla Idea Payments Bank |
D. | None of the above |
Answer» B. Vodafone M-Pesa | |
3603. |
Which of the following statements is/are correct about India INX? |
A. | It is a partially-owned subsidiary of the Bombay Stock Exchange (BSE). |
B. | It was inaugurated at International Financial Service Centre in Gandhinagar. |
C. | Both [a] and [b] |
D. | None of the above |
Answer» B. It was inaugurated at International Financial Service Centre in Gandhinagar. | |
3604. |
Which of the following is India's first international stock exchange opened in 2017? |
A. | India INX |
B. | Bombay Stock Exchange |
C. | National Stock Exchange of India |
D. | Calcutta Stock Exchange |
Answer» B. Bombay Stock Exchange | |
3605. |
Which of the following statements is/ are correct about Foreign Account Tax Compliance Act (FATCA)? |
A. | Bank accounts that were opened between July 1, 2014 and Argust 31, 2015 and are not in compliance with FATCA will be blocked. |
B. | India had entered into an agreement with the US for the implementation of the FATCA with effect from August 31, 2015. |
C. | FATCA aims at ensuring that individuals pay tax on income generated from their wealth parked overseas. |
D. | All the above |
Answer» E. | |
3606. |
Which of the following is correct regarding changes to be implemented in NEFT system from July 2017? |
A. | NEFT transaction to become faster |
B. | Number of NEFT transactions in a day will be lowered |
C. | Charges for NEFT transaction will increase |
D. | None of the above |
Answer» B. Number of NEFT transactions in a day will be lowered | |
3607. |
Which of the following banks has launched a data-led group term insurance plan in partnership with ET Money? |
A. | HDFC Bank |
B. | Canara Bank |
C. | Axis Bank |
D. | ICICI Bank |
Answer» B. Canara Bank | |
3608. |
Which of the following banks merged with the SBI? |
A. | Bhartiya Mahila Bank |
B. | Bandhan Bank |
C. | Uco Bank |
D. | Gramin Bank |
Answer» B. Bandhan Bank | |
3609. |
What changes has been made in the repo rate by the RBI during the first monetary policy review in April 2017. |
A. | Increased by 0.5% |
B. | Decreased by 1% |
C. | Increased by 0.5% |
D. | No change |
Answer» E. | |
3610. |
What action has been taken by the Indian Government in April 2017 to deal with virtual currency? |
A. | A time-bound inter-disdplinary committee has been set up to review virtual currency. |
B. | Revision of the monitory policy has been proposed. |
C. | A new law has been introduced. |
D. | Reserve Bank of India Act, 1934 has been amended. |
Answer» B. Revision of the monitory policy has been proposed. | |
3611. |
Which of the following banks has launched the 'Money Plant RuPay International Platinum Debit Card' to provide more facility to its premium and HNI (high net worth individual) customers? |
A. | Karnataka Bank |
B. | South Indian Bank |
C. | Kotak Mahindra Bank |
D. | ICICI Bank |
Answer» B. South Indian Bank | |
3612. |
Which of the following banks has made an agreement with Avenues India Pvt Ltd to provide merchants with seamless access to point-of-sales (POS) and payment gateway products? |
A. | Kotak Mahindra Bank |
B. | Punjab National Bank |
C. | State Bank of India |
D. | Bandhan Bank |
Answer» E. | |
3613. |
Which of the following highlights Reserve Bank of India's new norms for making Joint Lender's Forum? |
A. | A minimum of 70% of creditors by value and 50% of creditors would now be valid to implement the CAP. |
B. | CAP can include resolution through the flexible structuring of project loans. |
C. | Both a and b |
D. | None of the above |
Answer» D. None of the above | |
3614. |
Which of the following banks has launched a new Credit Card named "Unnati"? |
A. | SBI |
B. | HDFC |
C. | RBI |
D. | ICICI |
Answer» B. HDFC | |
3615. |
Which entity became the first commodity exchange to lose recognition after SEBI took over the regulation of commodities from FMC in September 2015? |
A. | Bombay Stock Exchange |
B. | Bombay Commodity Exchange Limited (BCEL) |
C. | National Stock Exchange of India |
D. | None of the above |
Answer» C. National Stock Exchange of India | |
3616. |
Which company became the first to get approval for the Scheme for Sustainable Structuring of Stressed Assets (S4A) which allows conversion of a portion of large loan accounts into equity? |
A. | Hindustan Construction Company Ltd. |
B. | Larsen & Toubro Ltd. |
C. | Essar Group |
D. | Gammon India Ltd. |
Answer» B. Larsen & Toubro Ltd. | |
3617. |
When was demonetisation happened in India for the first time? |
A. | 16803 |
B. | 17227 |
C. | 22737 |
D. | 42675 |
Answer» B. 17227 | |
3618. |
Which of the following committees was formed to review the governance of Board of Banks in India? |
A. | P J Nayak committee |
B. | A. C. Gosh Committee |
C. | B. Eradi Committee |
D. | Abid Hussain Committee |
Answer» B. A. C. Gosh Committee | |
3619. |
Which of the following statements is/are correct about Strategic Debt Restructuring (SDR)? (i) It aims at improving the working of banks faced with bad debt. (ii) It involves transferring equity of the company by promoters to the lenders to compensate for their sacrifices. |
A. | (i) only |
B. | (ii) only |
C. | Both (i) and (ii) |
D. | None of the above |
Answer» D. None of the above | |
3620. |
Which of the following statements is/are correct about Mission Indradhanush? (i) Mission Indradhanush was launched on October 2, 2014. (ii) It will fully immunize the children by 2020. |
A. | (i) only |
B. | (ii) only |
C. | Both (i) and (ii) |
D. | None of the above |
Answer» C. Both (i) and (ii) | |
3621. |
Which of the following is the component of Mission Indradhanush? |
A. | Capitalisation |
B. | Accountability |
C. | Destressing |
D. | All the above |
Answer» E. | |
3622. |
Who is the chairman of the Tarun Ramadorai Committee? |
A. | Tarun Ramadorai |
B. | Krishnamurthy Subramanian |
C. | V. K. Vasal |
D. | B. Kamaiah |
Answer» B. Krishnamurthy Subramanian | |
3623. |
Which of the following statements is/are correct about Tarun Ramadorai Committee? I. It was set up to study various facets of household finance in India. II. It will evaluate households' demands in financial markets for assets such as pensions as well as liabilities. |
A. | I only |
B. | II only |
C. | Both I and II |
D. | None of the above |
Answer» D. None of the above | |
3624. |
Who is eligible to get loan under Credit Guarantee Fund Scheme? |
A. | Micro and Small Enterprises |
B. | Students |
C. | Farmers |
D. | Scheduled Castes |
Answer» B. Students | |
3625. |
Which of the following sectors come under priority sector lending? |
A. | Agriculture |
B. | Macro enterprises |
C. | Education |
D. | Both [a] and [c] |
Answer» E. | |
3626. |
What is the main function of the FSDC? |
A. | Maintaining financial stability |
B. | Monitoring macro-prudential regulation of economy |
C. | Promoting financial sector development |
D. | All the above |
Answer» E. | |
3627. |
Who is the chairman of Financial Stability and Development Council (FSDC)? |
A. | Finance Minister |
B. | RBI Governor |
C. | Chief Economic Advisor |
D. | None of the above |
Answer» B. RBI Governor | |
3628. |
Which of the following statements is/ are correct about non-banking finance companies (NBFCs)? I. They are financial institutions that provide banking services without meeting the legal definition of a bank. II. They are established as a company registered under the Companies Act, 1956. |
A. | I only |
B. | II only |
C. | Both [a] and [b] |
D. | None of the above |
Answer» D. None of the above | |
3629. |
Which of the following acts has been introduced to regulate securitization and reconstruction of financial assets and enforcement of security interest? |
A. | SARFAESI Act, 2002 |
B. | Reserve Bank of India Act, 1934 |
C. | Banking Regulation Act, 1949 |
D. | None of the above |
Answer» B. Reserve Bank of India Act, 1934 | |
3630. |
If a borrower wishes to file an appeal with DRAT against the decision of DRT under SARFAESI Act, how much amount will he require to deposit? |
A. | 75% of the amount |
B. | 50% of the amount |
C. | 25% of the amount |
D. | 10% of the amount |
Answer» C. 25% of the amount | |
3631. |
Which of the following became the first Indian bank to open branch in Myanmar? |
A. | SBI |
B. | HDFC |
C. | ICICI |
D. | None of the above |
Answer» B. HDFC | |
3632. |
Which of the following banks has started Digital Village Project? |
A. | HDFC |
B. | ICICI |
C. | SBI |
D. | None of the above |
Answer» C. SBI | |
3633. |
India's first banking robot designed by City Union Bank is called |
A. | RoBoHon |
B. | ASIMO |
C. | Lakshmi |
D. | Nao |
Answer» D. Nao | |
3634. |
The government of India has decided to allow Currency Futures in India. Besides Ministry of Finance, which is / are the other organisation(s) whose permission/approval is needed for such operations in India? |
A. | International Monetary Fund |
B. | Reserve Bank of India |
C. | Securities and Exchange Board of India |
D. | Both [b] and [c] |
Answer» E. | |
3635. |
Fiscal Policy is composed of several parts which include |
A. | Tax Policy and Expenditure Policy |
B. | Investment or Disinvestment Strategies |
C. | Debt or Surplus Management |
D. | All of the Above |
Answer» E. | |
3636. |
Under the Negotiable Instrument Act, 1881, an instrument which is incomplete in some respects, is called a/an |
A. | foreign instrument |
B. | inland instrument |
C. | inchoate instrument |
D. | ambiguous instrument |
Answer» D. ambiguous instrument | |
3637. |
Which of the following is not the essential requirement for the endorsement as per Negotiable Instrument Act, 1881? |
A. | It should be on the instrument |
B. | It should be made by the holder or the maker |
C. | Signatures should be in ink and not by pencil or rubber stamp |
D. | It should contain unconditional order |
Answer» E. | |
3638. |
Which of the following is not a negotiable instrument? |
A. | Promissory note |
B. | Bill of exchange |
C. | Cheque |
D. | Bank draft |
Answer» E. | |
3639. |
Which one is true in respect of bank marketing? |
A. | Bank marketing deal with providing services to satisfy customer's financial needs and wants. |
B. | Bank marketing has to discover/ ascertain/anticipate the financial needs of the corporates. |
C. | Bank marketing may be required to satisfy the corporates and institutions, other related needs and wants. |
D. | Bank marketing means competitive element, efficiency and effectiveness in the process. |
Answer» B. Bank marketing has to discover/ ascertain/anticipate the financial needs of the corporates. | |
3640. |
SWIFT is a network for banks to exchange information. What is the expanded form? |
A. | Safe window for international transactions |
B. | Secured worldwide international transactions |
C. | Society for worldwide interbank financial telecommunications |
D. | All of the above |
Answer» D. All of the above | |
3641. |
Which of the following is/are the rights of customer towards his banker? |
A. | To receive a statement of his account from a banker |
B. | To sue the bank for any lose and damages |
C. | To sue the banker for not maintaining the secrecy of his account |
D. | All of the above |
Answer» E. | |
3642. |
Many times, we hear about the 'Banking Ombudsman'. What is/are the major roles of same? I. Banking Ombudsman is a quasi-judicial authority having powers to summon, the banks and the customers both in case of dispute. II. The Banking Ombudsman are appointed by the President of India and are retired judges of the High or Supreme Courts. III. The decisions/judgements given by the Banking Ombudsman cannot be taken to any court of justice as their decisions are last in case of bank related problems disputes. Select the correct answer using the codes given below |
A. | Only I |
B. | Only II |
C. | Only III |
D. | All of these |
Answer» D. All of these | |
3643. |
The legal relationship between a bank and its customer is a kind of I. debtor and creditor. II. principal and agent. III. pledger and pledgee. IV. mortgagor and mortgage. Select the correct answer using the codes given below: |
A. | I and III |
B. | I, III and IV |
C. | I, II, III and IV |
D. | I and II |
Answer» D. I and II | |
3644. |
When was Ombuds Men Scheme first introduced? |
A. | 39022 |
B. | 29860 |
C. | 34851 |
D. | 35796 |
Answer» D. 35796 | |
3645. |
Which of the following types of institutions operate in the call money market only as lender? |
A. | Commercial banks |
B. | Primary dealers |
C. | Insurance companies |
D. | SBI |
Answer» D. SBI | |
3646. |
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? |
A. | Know Your Customer Norms |
B. | Banking Regulation Act |
C. | Negotiable Instrument Act |
D. | Narcotics and Psychotropic Substance Act |
Answer» B. Banking Regulation Act | |
3647. |
What does liquidity mean? |
A. | It means how cash is converted into gold. |
B. | It means how cheaply and quickly an asset is converted into cash. |
C. | It means how cash is converted into SDR (Special Drawing Rights). |
D. | It means how uncertain the money market conditions are. |
Answer» C. It means how cash is converted into SDR (Special Drawing Rights). | |
3648. |
The liquidity risk informs about a firm's |
A. | Ability to satisfy all future obligations |
B. | Historical growth rates |
C. | Profitability |
D. | All of the above |
Answer» B. Historical growth rates | |
3649. |
The first Basel Concordat was concerned with |
A. | The possibility that third world countries might renege on their debts |
B. | The division of responsibilities among national supervisory authorities |
C. | The capital adequacy of banks |
D. | The off-balance-sheet activities of banks |
Answer» C. The capital adequacy of banks | |
3650. |
CAMELS Rating is |
A. | A credit rating by Credit Rating Agencies |
B. | A credit information report by Credit Information Bureaus |
C. | A supervisory rating for banks or financial institutions by financial market regulator |
D. | All of the above |
Answer» D. All of the above | |