MCQOPTIONS
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MCQOPTIONS
This section includes 40 Mcqs, each offering curated multiple-choice questions to sharpen your Banks Gk knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
What is technically called lack of access to financial services? |
| A. | Financial Instability |
| B. | Financial deprivation |
| C. | Financial stability |
| D. | Financial Inclusion |
| Answer» C. Financial stability | |
| 2. |
Which of the following is the name of a private sector bank in India? |
| A. | Dena Bank |
| B. | South Indian Bank |
| C. | Syndicate Bank |
| D. | IDBI Bank |
| Answer» C. Syndicate Bank | |
| 3. |
Which of the following words is used in the field of banking and finance? |
| A. | Accrued interest |
| B. | Diffusion |
| C. | Divines |
| D. | None of these |
| Answer» B. Diffusion | |
| 4. |
What is the full form of KYC used in banking world? |
| A. | Keep Your Credibility |
| B. | Know Your Credibility |
| C. | Keep Your Customer |
| D. | Know Your Customer |
| Answer» E. | |
| 5. |
Which of the following is the name of the missile developed by India? |
| A. | Dhruv |
| B. | Vivian |
| C. | Trident |
| D. | None of these |
| Answer» D. None of these | |
| 6. |
India is a member of which of the following group of nations? |
| A. | OPEC |
| B. | NATO |
| C. | BRICS |
| D. | None of these |
| Answer» D. None of these | |
| 7. |
Which of the following cannot be considered a normal banking activity of an ordinary bank customer? |
| A. | Use of ATM |
| B. | Tele backing |
| C. | Decrease or increase P L R and announcement of loan policy |
| D. | Use of banker's check |
| Answer» D. Use of banker's check | |
| 8. |
Which of the following types of banks are permitted to operate foreign currency accounts? |
| A. | Foreign Bank |
| B. | Regional Rural Banks |
| C. | Nationalized Bank |
| D. | None of these |
| Answer» D. None of these | |
| 9. |
There are various types of commercial banks in India, which does not fall under the category of commercial banks? |
| A. | Private Bank |
| B. | Nationalized bank |
| C. | Co-operative bank |
| D. | Goods Bank |
| Answer» E. | |
| 10. |
Majority of the people of rural area go to which of the following to meet the loan requirement? |
| A. | moneylender |
| B. | RBI |
| C. | NABARD |
| D. | Foreign Bank |
| Answer» B. RBI | |
| 11. |
The Reserve Bank of India does not determine which of the following rates? |
| A. | Bank Rate |
| B. | reverse repo rate |
| C. | Income tax rate |
| D. | Repo rate |
| Answer» D. Repo rate | |
| 12. |
Which of the following organizations is a publication of 'World Development Report'? |
| A. | International Monetary Fund |
| B. | World Trade Organization |
| C. | World Bank |
| D. | UNCTAD |
| Answer» D. UNCTAD | |
| 13. |
Where is the headquarters of the World Bank? |
| A. | Washington DC |
| B. | Geneva |
| C. | The Hague |
| D. | Paris |
| Answer» B. Geneva | |
| 14. |
Which bank does the central bank business work in India? |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | United Bank of India |
| D. | Union Bank of India |
| Answer» B. State Bank of India | |
| 15. |
When was the Bank of Hindustani Bank established? |
| A. | 1805 |
| B. | 1915 |
| C. | 1770 |
| D. | 1750 |
| Answer» E. | |
| 16. |
Which is the first bank in India? |
| A. | Reserve Bank of India |
| B. | Bank of Hindustani |
| C. | State Bank of India |
| D. | Andhra Bank |
| Answer» C. State Bank of India | |
| 17. |
When was the State Bank of India established? |
| A. | 1 April 1935 |
| B. | 1 January 1949 |
| C. | 17 December 1951 |
| D. | July 1, 1955 |
| Answer» E. | |
| 18. |
The sales process begins with |
| A. | customer identification |
| B. | lead generation |
| C. | sales presentation |
| D. | Sales closure |
| E. | sales meet |
| Answer» B. lead generation | |
| 19. |
What is the bank rate of the Reserve Bank of India? |
| A. | 6% |
| B. | 7.75% |
| C. | 7% |
| D. | 5% |
| Answer» C. 7% | |
| 20. |
When did the Reserve Bank of India nationalize? |
| A. | 2 September 1950 |
| B. | 19 March 1947 |
| C. | 1 January 1949 |
| D. | 26 January 1950 |
| Answer» D. 26 January 1950 | |
| 21. |
Where is the headquarters of the Reserve Bank of India? |
| A. | Nagpur |
| B. | Delhi |
| C. | Mumbai |
| D. | Bhopal |
| Answer» D. Bhopal | |
| 22. |
When was the Reserve Bank of India established? |
| A. | 1 April 1935 |
| B. | 25 March 1947 |
| C. | 17 December 1937 |
| D. | Others |
| Answer» B. 25 March 1947 | |
| 23. |
Does the bank provide? |
| A. | Central Services |
| B. | Direct Services |
| C. | Financial Services |
| D. | Others |
| Answer» D. Others | |
| 24. |
Which among the following banks form the Imperial Bank of India in 1921 |
| A. | Bank of Bombay |
| B. | Bank of Madras |
| C. | Bank of Bengal |
| D. | All of the Above |
| Answer» E. | |
| 25. |
Headquarter of IRDAI is located at |
| A. | Mumbai |
| B. | Chennai |
| C. | Ahmedabad |
| D. | Hyderabad |
| Answer» E. | |
| 26. |
At Present the FDI limit in insurance sector is |
| A. | 39 % |
| B. | 49 % |
| C. | 59 % |
| D. | 69 % |
| Answer» C. 59 % | |
| 27. |
The concept of Economic planning in India is derived from ________. |
| A. | USA |
| B. | UK |
| C. | Australia |
| D. | Russia |
| Answer» E. | |
| 28. |
National Development Council was constituted in ____________. |
| A. | 2 August, 1952 |
| B. | 6 August, 1952 |
| C. | 8 August, 1952 |
| D. | 12 August, 1952 |
| Answer» C. 8 August, 1952 | |
| 29. |
NREGA was renamed with the name of |
| A. | Indira Gandhi |
| B. | Rajiv Gandhi |
| C. | Mahatma Gandhi |
| D. | Sonia Gandhi |
| Answer» D. Sonia Gandhi | |
| 30. |
Banking companies act passed in: |
| A. | 1939 |
| B. | 1949 |
| C. | 1959 |
| D. | 1969 |
| Answer» C. 1959 | |
| 31. |
In which country Private sector lender ICICI Bank has opened a full-service branch? |
| A. | South Africa |
| B. | Canada |
| C. | America |
| D. | China |
| Answer» B. Canada | |
| 32. |
The commission charged by a broker is |
| A. | Brokerage Fee |
| B. | Brokerage Profit |
| C. | Brokerage Interest |
| D. | Brokerage Salary |
| Answer» B. Brokerage Profit | |
| 33. |
Product design is a function of |
| A. | Front office staff |
| B. | back office staff |
| C. | management |
| D. | marketing and research team |
| E. | loan section |
| Answer» E. loan section | |
| 34. |
A Debit Card Cam be issued to |
| A. | Only Income tax assesses |
| B. | Only Professionals |
| C. | Only Women |
| D. | All farmers |
| E. | All savings account |
| Answer» F. | |
| 35. |
Financial planning is required when |
| A. | one has no income |
| B. | one is flushed with funds |
| C. | one has no expense to incur |
| D. | one is illiterate |
| E. | income level is sufficient to meet the expenses |
| Answer» F. | |
| 36. |
Mutual Funds investments can be effectively canvassed among |
| A. | Only Salaried persons |
| B. | Students availing education loans |
| C. | HNI customers |
| D. | sunrise industries |
| E. | poor farmers |
| Answer» D. sunrise industries | |
| 37. |
SCORES stands for |
| A. | SEBI Complaints Redress System |
| B. | Special Complaints Redress System |
| C. | SBI Complaints Redress System |
| D. | SIDBI Complaints Redress System |
| Answer» B. Special Complaints Redress System | |
| 38. |
If cheque is issued by a bank in the same city as the payee, the cheque will be called |
| A. | Outstation Cheque |
| B. | Local Cheque |
| C. | At par Cheque |
| D. | None of These |
| Answer» C. At par Cheque | |
| 39. |
Who is the ex- officio chairman of National Child Labour Abolition Authority |
| A. | Prime Minister |
| B. | Home Minister |
| C. | Finance Minister |
| D. | Labor Minister |
| Answer» E. | |
| 40. |
Mutual Fund business from existing customers can be canvassed by |
| A. | coercion |
| B. | cross-selling |
| C. | internal marketing |
| D. | outdoor marketing |
| E. | road-shows |
| Answer» D. outdoor marketing | |