MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Which of the following services is provided only by the RBI? [IBPSRRB O.A. 2012] |
| A. | Compilation of economic data |
| B. | Issue of currency notes |
| C. | Purchase and sale of gold/gold coins |
| D. | Sale of Demand Drafts |
| E. | Safe deposit lockers for keeping valuables |
| Answer» C. Purchase and sale of gold/gold coins | |
| 2. |
The erstwhile UTI Bank is presently known as ? [IBPS RRB Of officer 2012] |
| A. | ING Vysya Bank |
| B. | Yes Bank |
| C. | Indusland Bank |
| D. | Axis Bank |
| E. | IDBI Bank |
| Answer» E. IDBI Bank | |
| 3. |
What is the full form of the term FDI? [IBPS RRB O.A. 2012] |
| A. | Foreign Direct investment |
| B. | Foreign diverse investment |
| C. | Fixed deposit investment |
| D. | Floating deposit investment |
| E. | Financial derivatives in India |
| Answer» B. Foreign diverse investment | |
| 4. |
Rajendra had filed a complaint with banking ombudsman but is not satisfied with the decision. What is the next option before him for getting his matter resolved? |
| A. | Write to the CMD of the Bank |
| B. | File an appeal before the Finance Minister |
| C. | File an appeal before the Banking ombudsman again |
| D. | File an appeal before the Dy. Governor of RBI |
| E. | Simply close the matter as going to court involves time and money |
| Answer» E. Simply close the matter as going to court involves time and money | |
| 5. |
An ECS transaction gets bounced and you are unable to recover you money from your customer under which act can criminal action be initiated? [IBPSE0.2012] |
| A. | Indian penal code |
| B. | Negotiable instrument act |
| C. | Criminal procedure |
| D. | Payment and settlement act |
| E. | Indian contract act |
| Answer» C. Criminal procedure | |
| 6. |
The function of branding includes |
| A. | product identification |
| B. | ensuring legal right on product |
| C. | price differentiation of products |
| D. | sustaining brand loyalty |
| E. | All of the above |
| Answer» F. | |
| 7. |
On which of the following issues had there been a dispute between IRDA and SEBI? (WABARD2010) |
| A. | ULIP Products |
| B. | Violation of SEBI guidelines in respect of investment by big companies in equities. |
| C. | Overlapping of the functions of IRDA and SEBI |
| D. | None of these |
| Answer» B. Violation of SEBI guidelines in respect of investment by big companies in equities. | |
| 8. |
When there is an official change in the exchange rate of domestic currency then it is called? [SSC CGL 2011] |
| A. | Appreciation |
| B. | Depreciation |
| C. | Revaluation |
| D. | Deflation |
| Answer» D. Deflation | |
| 9. |
In order to attract more foreign exchange the govt. of India decided tallow foreign investment in LLP firms what is full form of "LLP" as Used in this reference? [IBPS P.O. 2011] |
| A. | Local Labor promotion |
| B. | Low labor projects |
| C. | Limited loan partnership |
| D. | Longer liability partnership |
| E. | Limited Liability partnership |
| Answer» F. | |
| 10. |
Marketing channels mean [PNB PO 2010] |
| A. | delivery period |
| B. | delivery time |
| C. | delivery outlets |
| D. | delivery place |
| E. | All of these |
| Answer» F. | |
| 11. |
RBI has recently issued the guidelines allowing minors to operate bank accounts, -which is aimed at? |
| A. | Mobilizing high level of savings |
| B. | Furthering financial inclusion |
| C. | Developing consumption culture amongst the children |
| D. | Developing Borrowing habits at an early age |
| Answer» C. Developing consumption culture amongst the children | |
| 12. |
Banks today are focusing more on Retail Banking, which offers opportunities to banks to [IBPS 2014] |
| A. | Invest in Capital markets |
| B. | Consider large ticket term loans |
| C. | Set up joint ventures |
| D. | Cross-set other retail loan products |
| Answer» E. | |
| 13. |
Mortgage is a ? [IBPSE0.2011] |
| A. | Security on movable property for a loan given by a bank |
| B. | Security on immovable property for a loan given by a bank |
| C. | Concession on immovable property for a loan given by a bank |
| D. | Facility on immovable property for a loan given by a bank |
| E. | Security on immovable property for a deposit received by a bank |
| Answer» C. Concession on immovable property for a loan given by a bank | |
| 14. |
When a bank returns a cheque unpaid, it is called? [IBPS P.O. 2011] |
| A. | Payment of the cheque |
| B. | Drawing of the cheque |
| C. | Cancelling of the cheque |
| D. | Dishonor of the cheque |
| E. | Taking of the cheque |
| Answer» E. Taking of the cheque | |
| 15. |
Which of the following states became the first state in the country to launch RBFs e-payment system for commercial tax payers? [IBPS RO, 2011] |
| A. | Andhra Pradesh |
| B. | Kerala |
| C. | Gujarat |
| D. | Maharashtra |
| E. | Karnataka |
| Answer» F. | |
| 16. |
The process of conversion of a physical cheque into electronic form is known as? [IBPS 2014] |
| A. | Cheque Negotiation |
| B. | Cheque Endorsement |
| C. | Cheque Truncation |
| D. | Cheque Crossing |
| Answer» D. Cheque Crossing | |
| 17. |
Debenture holders of a company are its? |
| A. | Shareholders |
| B. | Creditors |
| C. | Debtors |
| D. | Directors |
| Answer» C. Debtors | |
| 18. |
The chief regulator of the Index Futures' market in India is? |
| A. | SEBI |
| B. | CCI |
| C. | IRDA |
| D. | FMC |
| Answer» B. CCI | |
| 19. |
The earlier system of Prime Lending Rate (PLR) has now been replaced by- [IBPS, RRB 2014] |
| A. | Reverse Repo Rate system |
| B. | Repo Rate system |
| C. | Bank Rate system |
| D. | Base Rate system |
| Answer» E. | |
| 20. |
Consumer analysis deals with |
| A. | knowledge level of sales person |
| B. | knowledge level of employees |
| C. | nature of the buying decision |
| D. | corporate objectives |
| E. | Both (a) and (b) |
| Answer» D. corporate objectives | |
| 21. |
A currency whose exchange rate is influenced by the government is a/an? |
| A. | Un managed currency |
| B. | Managed currency |
| C. | Scarce currency |
| D. | Surplus currency |
| Answer» C. Scarce currency | |
| 22. |
Which of the following agencies/organizations has recently decided that all the stock exchanges should introduce physical settlement of equity derivatives? [SBIP.O. 2010] |
| A. | RBI |
| B. | BSE |
| C. | SEBI |
| D. | All of these |
| Answer» D. All of these | |
| 23. |
Which of the following companies in India is considered as Indian Reinsurer and gives support to all public and private insurance companies? |
| A. | New India Assurance Company |
| B. | LIC |
| C. | GIC |
| D. | OIC |
| Answer» D. OIC | |
| 24. |
"Dear money" means? |
| A. | Low rate of interest |
| B. | High rate of interest |
| C. | Depression |
| D. | Inflation |
| Answer» C. Depression | |
| 25. |
Rate of interest is determined by? |
| A. | The rate of return on the capital invested |
| B. | Central government |
| C. | Liquidity preference |
| D. | Commercial Banks |
| Answer» D. Commercial Banks | |
| 26. |
Objects of digital marketing are [SBI PO 2011] |
| A. | Online marketing |
| B. | Cold calling |
| C. | Web designing |
| D. | anticipating the market |
| E. | Outdoor marketing |
| Answer» B. Cold calling | |
| 27. |
Liquidity preference means? [SSC CGL 2004] |
| A. | Desire of the public to hold cash |
| B. | Showing preferences to hold capital assets |
| C. | Showing preferences to hold bonds and securities |
| D. | Refraining from consumption |
| Answer» C. Showing preferences to hold bonds and securities | |
| 28. |
102 When central bank buys securities/ bank reserves? [SSC CGL 2014] |
| A. | Contracts |
| B. | Remains the same |
| C. | Has no impact on the reserves |
| D. | Expands |
| Answer» B. Remains the same | |
| 29. |
A brand can be helpful for the manufacturers to |
| A. | distinguish the product from other competing products |
| B. | Save advertising cost |
| C. | widen the work for products |
| D. | Create goodwill for the product |
| E. | All of the above |
| Answer» F. | |
| 30. |
A cheque bearing the date earlier than the date of submission to the bank is known as? [SBI Clerk 2014] |
| A. | Bearer cheque |
| B. | Stale cheque |
| C. | Crossed cheque |
| D. | Post-Dated cheque |
| E. | Ante-Dated cheque |
| Answer» F. | |
| 31. |
National Institute of Bank Management is the Institution meant for? |
| A. | All those given as options |
| B. | Providing management personnel to the banks |
| C. | Training of bank employees in banking |
| D. | Providing consultancy of best practices is bank Management |
| E. | Recruitment of bank employees at all levels |
| Answer» D. Providing consultancy of best practices is bank Management | |
| 32. |
Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash. Precious metals, and other short term Securities as reserve all the time. In Banking world this is known as? |
| A. | CRR |
| B. | Fixed asset |
| C. | SLR |
| D. | PLR |
| Answer» B. Fixed asset | |
| 33. |
The channel of distribution comes under which element of the marketing mix? |
| A. | Product |
| B. | Price |
| C. | Place |
| D. | Promotion |
| E. | None of these |
| Answer» D. Promotion | |
| 34. |
Direct mail advertising includes |
| A. | Post card |
| B. | booklets |
| C. | folders |
| D. | Price list |
| E. | All of these |
| Answer» F. | |
| 35. |
Saving rate is relatively low in developed economies because of? [SSC LDC 2014] |
| A. | Low per capita income |
| B. | Welfare programmer |
| C. | Liquidity/Borrowing constraint |
| D. | High interest rate |
| Answer» C. Liquidity/Borrowing constraint | |
| 36. |
The profits of Indian Banks operating in foreign countries are a part of? [SSC, LDC 2014] |
| A. | Income from entrepreneurship earned from abroad |
| B. | Domestic factor income of India |
| C. | Profits of the enterprises working in domestic territory of India |
| D. | Operating surplus of the banks located in India |
| Answer» B. Domestic factor income of India | |
| 37. |
Delivery channel means ? |
| A. | Sales outlets |
| B. | Purchased goods |
| C. | Product shelf life |
| D. | Courier person |
| E. | Channel finance |
| Answer» B. Purchased goods | |
| 38. |
Marketing channel for banks are? [BOB RO. 2010] |
| A. | Bank branches and ATMs |
| B. | Bank Branches and back-offices setup |
| C. | ATMs and back office set ups |
| D. | Only (a) and (b) |
| E. | Only (a) and (c) |
| Answer» B. Bank Branches and back-offices setup | |
| 39. |
Marketing channel means?[BOB EO .2010] |
| A. | Delivery time |
| B. | Delivery place |
| C. | Delivery period |
| D. | Purchase outlets |
| E. | Delivery outlets |
| Answer» F. | |
| 40. |
The term "Bull and Bear' are associated with? |
| A. | Banking |
| B. | Foreign trade |
| C. | Stock Market |
| D. | Internet Trade |
| Answer» D. Internet Trade | |
| 41. |
Labelling is important for informational, legal and .......... reasons. |
| A. | branding |
| B. | strategic |
| C. | marketing |
| D. | promotional |
| E. | All of these |
| Answer» E. All of these | |
| 42. |
In order to promote financial inclusion, the Reserve Bank of India has recently allowed minors to operate bank accounts independently provided their age is above? [IBPS RRB 2014] |
| A. | 14 years |
| B. | 13 years |
| C. | 16 years |
| D. | 10 years |
| Answer» E. | |
| 43. |
Bank's mandatory lending to farmers for agriculture, micro and small enterprises and other weaker sections wherein banks are required to end up to 40% of the loan is generally described as?- [ IBPS, 2013] |
| A. | Para banking |
| B. | Subprime lending |
| C. | Retail lending |
| D. | Priority sector lending |
| Answer» E. | |
| 44. |
The process by which the Central Bank of a country controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth is known as? [IBPS RRB 2014] |
| A. | Economic policy |
| B. | Monetary policy |
| C. | Fiscal policy |
| D. | Credit policy |
| Answer» C. Fiscal policy | |
| 45. |
...... Brands usually require a producer to become involved in distribution, promotion and pricing decisions. |
| A. | Retailer |
| B. | Wholesaler |
| C. | Manufacturer |
| D. | Own label |
| E. | All of these |
| Answer» D. Own label | |
| 46. |
Bank rate is the rate at which? [SSC Tax Assistant 2005] |
| A. | A commercial bank borrows loans from some other commercial bank |
| B. | The central bank borrows loans from the government |
| C. | The commercial bank gives loans to the public |
| D. | The central bank re-discounts the commercial bills brought |
| Answer» E. | |
| 47. |
Scheduled Banks have to be registered with? [ISO CPO S 7 2006] |
| A. | SEBI |
| B. | RBI |
| C. | Finance Ministry |
| D. | SBI |
| Answer» C. Finance Ministry | |
| 48. |
Bank deposits that can be withdrawn without notice are called? |
| A. | Account payee deposits |
| B. | Fixed deposits |
| C. | Variable deposits |
| D. | Demand deposits |
| Answer» D. Demand deposits | |
| 49. |
Which is type of retailer? |
| A. | Full service retailer |
| B. | Discount retailer |
| C. | Vending machine |
| D. | Super market |
| E. | All of these |
| Answer» F. | |
| 50. |
Which of the following is not a function of banks? (Syndicate Bank PO 2010) |
| A. | Providing project finance |
| B. | Selling Mutual Funds |
| C. | Deciding policy rates likes CRR, Repo Rate, and SLR etc. |
| D. | All of these are functions of a bank |
| Answer» D. All of these are functions of a bank | |