MCQOPTIONS
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MCQOPTIONS
This section includes 85 Mcqs, each offering curated multiple-choice questions to sharpen your The Reserve Bank of India knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
What are teaser loan rates charged by banks? |
| A. | Rate of interest which is competitively changed in relation to other banks |
| B. | Floating rate of interest charged by banks |
| C. | Low rate of interest in the initial period which goes up subsequently |
| D. | Higher rate of interest in the initial period which goes down subsequently |
| Answer» D. Higher rate of interest in the initial period which goes down subsequently | |
| 52. |
Expand the term EMI as used in banking/finance sector? |
| A. | Easy Monthly Instalment |
| B. | Equal Monthly Investment |
| C. | Equated Monthly Instalment |
| D. | Equated Mortgage Investment |
| Answer» D. Equated Mortgage Investment | |
| 53. |
Which of the following terms is used in banking field? |
| A. | Interest rate swap |
| B. | Input devices |
| C. | Sedimentary |
| D. | Zero Hour |
| Answer» B. Input devices | |
| 54. |
After State Bank of India, which of the following banks has the largest number of offices? |
| A. | Punjab National Bank |
| B. | Bank of India |
| C. | Andhra Bank |
| D. | Canara Bank |
| Answer» B. Bank of India | |
| 55. |
Which of the following rates are reviewed by the RBI at the time of periodical review of the policy? 1. Bank rate 2. Repo rate 3, Savings bank rate |
| A. | Only 1 |
| B. | Only 2 |
| C. | Both 1 and 2 |
| D. | All the three |
| Answer» E. | |
| 56. |
Who was the first governor of Reserve Bank of India from Indian origin? |
| A. | Osborne Smith |
| B. | C. Rajagopalachari |
| C. | L. K. Jha |
| D. | C.D. Deshmukh |
| Answer» E. | |
| 57. |
When was R.B.I. nationalised? |
| A. | 1935 |
| B. | 1949 |
| C. | 1929 |
| D. | 1914 |
| Answer» C. 1929 | |
| 58. |
Who mints the coins in India? |
| A. | Ministry of Finance |
| B. | Reserve Bank of India |
| C. | Prime Minister's Office |
| D. | Commerce and Industry Ministry |
| Answer» B. Reserve Bank of India | |
| 59. |
Which of the following is not the work of RBI? |
| A. | Bank of the banks |
| B. | Credit controller |
| C. | Custodian of foreign currency |
| D. | Allocating funds directly to the farmers for agricultural development |
| Answer» E. | |
| 60. |
On which commission s recommendations; Reserve Bank of India was established? |
| A. | Chamberlain Commission |
| B. | Hilton Young Commission |
| C. | Keynes Commission |
| D. | None of the above |
| Answer» C. Keynes Commission | |
| 61. |
Which of the following banks was inaugurated by Mahatma Gandhi in 1919? |
| A. | Bank of Maharashtra |
| B. | Bank of Baroda |
| C. | State Bank of Saurashtra |
| D. | Union Bank of India |
| Answer» E. | |
| 62. |
The only merger of two public sector banks took place between - |
| A. | Bank of India and New Bank of India |
| B. | Punjab National Bank and New Bank of India |
| C. | Allahabad Bank and United Bank of India |
| D. | Punjab National Bank and Bank of Rajasthan |
| Answer» C. Allahabad Bank and United Bank of India | |
| 63. |
Which of the following public sector banks has the largest number of branches in foreign countries? |
| A. | Bank of India |
| B. | Bank of Baroda |
| C. | Punjab National Bank |
| D. | Corporation Bank |
| Answer» C. Punjab National Bank | |
| 64. |
What is the frequency of publishing of the Report on management of Forex Exchange Reserves (FER) by RBI? |
| A. | Monthly |
| B. | Quarter |
| C. | Half-year |
| D. | Annually |
| Answer» D. Annually | |
| 65. |
What is the minimum paid up capital and reserve requirement needs to maintain by bank in order to classify as Scheduled Commercial Banks? |
| A. | Rs 1 lakh |
| B. | Rs 5 lakh |
| C. | |
| D. | D. |
| Answer» C. | |
| 66. |
Regional Rural Banks are sponsored by |
| A. | Nationalised Commercial Bank |
| B. | Reserve Bank of India |
| C. | State Bank of India |
| D. | Government of India |
| Answer» B. Reserve Bank of India | |
| 67. |
The Imperial Bank of India, after its nationalization came to be known as |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | United Bank of India |
| D. | Indian Overseas Bank |
| Answer» C. United Bank of India | |
| 68. |
Banking in India is controlled by : |
| A. | Reserve Bank of India |
| B. | Union Finance Commission |
| C. | Union Ministry of Finance |
| D. | Union Ministry of Commerce |
| Answer» B. Union Finance Commission | |
| 69. |
In which year was the Imperial Bank of India rechristened as State Bank of India? |
| A. | 1955 |
| B. | 1957 |
| C. | 1962 |
| D. | 1965 |
| Answer» B. 1957 | |
| 70. |
The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called |
| A. | Cash reserves |
| B. | Deposit reserves |
| C. | Excess reserves |
| D. | Momentary reserves |
| Answer» D. Momentary reserves | |
| 71. |
At which of the following cities is the Head Office of Reserve Bank of India located? |
| A. | Mumbai |
| B. | New Delhi |
| C. | Kolkata |
| D. | Dehradun |
| Answer» B. New Delhi | |
| 72. |
What does M in M-Banking Facility being offered by banks to their customers, stand for? |
| A. | Money |
| B. | Marginal |
| C. | Message |
| D. | Mobile Phone |
| Answer» E. | |
| 73. |
Which of the following is/are true about the Sub-Prime Crisis? 1. It is a mortgage crisis referring to credit default by the borrowers. 2. Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers. 3. This crisis originated because of negligence in credit rating of the borrowers. |
| A. | Only 1 |
| B. | Only 2 |
| C. | Only 3 |
| D. | All 1, 2, and 3 |
| Answer» E. | |
| 74. |
With which of following types of loans are teaser rates related? |
| A. | Home loans |
| B. | Personal loans |
| C. | Auto loans |
| D. | Reverse mortgage loans |
| Answer» B. Personal loans | |
| 75. |
Bank rate is decided by which of the following? |
| A. | Reserve Bank of India |
| B. | Government Of India |
| C. | State Bank of India |
| D. | Securities and Exchange Board of India |
| Answer» B. Government Of India | |
| 76. |
The share of State Govt in the capital of Regional Rural Bank is |
| A. | 50% |
| B. | 35% |
| C. | 25% |
| D. | 15% |
| Answer» E. | |
| 77. |
In which denomination were India's first bimetallic coins issued in the year 2009? |
| A. | Rs. 100 |
| B. | Rs. 5 |
| C. | Rs. 10 |
| D. | Re. 1 |
| Answer» D. Re. 1 | |
| 78. |
With which of the following is SARFAESI Act 2002 related? |
| A. | Recovery of bad loans |
| B. | Regulation of Foreign Exchange |
| C. | Fixation of interest rates |
| D. | Acquisition of small banks |
| Answer» B. Regulation of Foreign Exchange | |
| 79. |
ATMs that are owned and managed by non-banking entities are known as - |
| A. | Red Label ATMs |
| B. | White Label ATMs |
| C. | Green Label ATMs |
| D. | Blue Label ATMs |
| Answer» C. Green Label ATMs | |
| 80. |
Which of the following is not the function of the Reserve Bank of India ? |
| A. | Acting as banker to the Government |
| B. | Keeping of Foreign Exchange Reserve |
| C. | Issuing of one rupee notes and coins |
| D. | Regulating credit in the country |
| Answer» D. Regulating credit in the country | |
| 81. |
Regional Rural Banks were established in the year |
| A. | 1969 |
| B. | 1972 |
| C. | 1973 |
| D. | 1975 |
| Answer» E. | |
| 82. |
Which of the following is the apex institution which handles refinance for agriculture and rural development in India? |
| A. | RBI |
| B. | SIDBI |
| C. | NABARD |
| D. | SEBI |
| Answer» D. SEBI | |
| 83. |
In which year was the Reserve Bank of India established ? |
| A. | 1935 |
| B. | 1947 |
| C. | 1949 |
| D. | 1952 |
| Answer» B. 1947 | |
| 84. |
Expand the term LIBOR as used in financial banking sectors? |
| A. | Local Indian Bank Offered Rate |
| B. | London-India Bureau Of Regulations |
| C. | Liberal International Bank Official Ratio |
| D. | London Inter Bank Offered Rate |
| Answer» E. | |
| 85. |
Which is the country s third largest private sector lender whose name has been officially changed to the Axis Bank ltd. ? |
| A. | HDFC Bank |
| B. | Lord Krishna Bank |
| C. | Centurion Bank |
| D. | UTI Bank |
| Answer» E. | |