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. |
With a view to facilitating payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country? [IBPS PO, 2011] |
| A. | Will |
| B. | Registration |
| C. | Nomination |
| D. | Indemnity |
| E. | Guarantee |
| Answer» D. Indemnity | |
| 2. |
As the number of investments made by a firm increases, its internal rate of return? [SSC LDC 2014] |
| A. | Declines due to diminishing Marginal productivity |
| B. | Declines because the market rate of interest will falls, ceteris parlous |
| C. | Increase to compensate the firm for the current consumption fore- gone |
| D. | Increases because the level of savings will fall |
| Answer» D. Increases because the level of savings will fall | |
| 3. |
Delivery channel means? [SBI Clerk 2014] |
| A. | Service centers |
| B. | Other than those given as options |
| C. | Handing over the products to the buyers |
| D. | Product manufacturing |
| E. | Places where products are available to the buyers |
| Answer» F. | |
| 4. |
Brand image is partially derived from a |
| A. | price image |
| B. | product image |
| C. | company image |
| D. | place image |
| E. | None of these |
| Answer» C. company image | |
| 5. |
CVV is an anti-fraud security feature that helps verify that the customer is in possession of her card. The abbreviation of CVV stands for? [IBPS 2014] |
| A. | Card virtual valuation |
| B. | Confidential virtual verification |
| C. | Card verification value |
| D. | Core virtual value |
| Answer» D. Core virtual value | |
| 6. |
Branding is the ......... process. |
| A. | marketing |
| B. | management |
| C. | Static |
| D. | technical |
| E. | None of these |
| Answer» C. Static | |
| 7. |
A bank borrows money from the RBI on which of the following rates? |
| A. | Bank rate |
| B. | Repo Rate |
| C. | SLR |
| D. | CRR |
| Answer» C. SLR | |
| 8. |
Which of the following is known as cross-selling by Banks? [IBPS RO. 2011] |
| A. | Sale of a debit card to a credit card holder |
| B. | Sale of insurance policy to a depositor |
| C. | Issuance of cash against cheque presented by a third party (a) only (A) (b) only (B) (c) only C |
| D. | Both A and C |
| E. | All A, B and C |
| Answer» F. | |
| 9. |
Financial inclusion means provision of ? [IBPS RO. 2011] |
| A. | Financial services, namely, payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the same |
| B. | Ration at affordable cost to persons not yet given the same |
| C. | House at affordable cost to persons not yet given the same |
| D. | Food at affordable cost to persons not yet given the same |
| E. | Education at affordable cost to persons not yet given the same |
| Answer» B. Ration at affordable cost to persons not yet given the same | |
| 10. |
Fixed deposits and recurring deposits are? [IBPSRO. 2011] |
| A. | Repayable after an agreed period |
| B. | Repayable on demand |
| C. | Not repayable |
| D. | Repayable after death of depositors |
| E. | Repayable on demand or after an agreed period as per banks choices |
| Answer» B. Repayable on demand | |
| 11. |
Which of the following can have the advantage of brand names? |
| A. | Manufacturers |
| B. | Consumers |
| C. | Distributors |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 12. |
Reference group includes |
| A. | market sector |
| B. | satisfied customer |
| C. | producer |
| D. | research and development's techniques |
| E. | All of the above |
| Answer» C. producer | |
| 13. |
The alphabet ?T' in the abbreviation EFTPOS stands for? |
| A. | Point |
| B. | Private |
| C. | Public |
| D. | Primary |
| Answer» B. Private | |
| 14. |
The Bank for International Settlements (BIS) is an international organization of central banks headquartered in? [IBPS 2014] |
| A. | Zurich/Switzerland |
| B. | New York, USA |
| C. | Basel, Switzerland |
| D. | Paris, France |
| Answer» D. Paris, France | |
| 15. |
ATM is an electronic Tele-communication device that helps bank customers perform financial transactions. The letter 'A' in the abbreviation ATM stands for? |
| A. | Anytime |
| B. | Anywhere |
| C. | Automated |
| D. | Advance |
| Answer» D. Advance | |
| 16. |
The outdoor advertising include |
| A. | wall display |
| B. | Vehicular display |
| C. | billboard display |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 17. |
Large scale retailers is/are |
| A. | Departmental stores |
| B. | consumer cooperative stores |
| C. | Chain shops |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 18. |
Upper limit prescribed for RTGS transaction is ? |
| A. | 1 lakh |
| B. | 2 lakh |
| C. | 5 lakh |
| D. | 50 lakh |
| E. | No upper limit is prescribed |
| Answer» F. | |
| 19. |
Which of the following types of accounts are known as "Demat Accounts? |
| A. | Accounts which are zero balance Accounts |
| B. | Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there |
| C. | Accounts in which shares of various companies are traded I electronic form |
| D. | Accounts which are operated through internet banking facilities |
| E. | None of these |
| Answer» D. Accounts which are operated through internet banking facilities | |
| 20. |
Direct distribution channel is? |
| A. | Producer-Consumer |
| B. | Producer-Wholesaler-Agent |
| C. | Producer-Agent-Retailer |
| D. | Producer-Retailer |
| E. | All of these |
| Answer» B. Producer-Wholesaler-Agent | |
| 21. |
Which is the latest distribution system? [SBI2008, 2009] |
| A. | Telephonic distribution |
| B. | E-commerce |
| C. | |
| D. | Mobile |
| E. | All of these |
| Answer» F. | |
| 22. |
The function of distribution channel is? |
| A. | Managing finance |
| B. | Promotional activities |
| C. | Fixing prices |
| D. | Servicing the consumer |
| E. | All of these |
| Answer» F. | |
| 23. |
Which of the following term is not associated with banking/finance? [IBPS RRB O.A. 2012] |
| A. | RTGS |
| B. | SLR |
| C. | Repo Rate |
| D. | Credit |
| E. | LBW |
| Answer» F. | |
| 24. |
What does the letter "C? denote in the term CBS as used in banking operations? [IBPS RRB 0, A, 2012] |
| A. | Central |
| B. | Critical |
| C. | Commercial |
| D. | Core |
| E. | Capital |
| Answer» E. Capital | |
| 25. |
Which of the following is decided by the RBI? [IBPS RRB O.A. 2012] |
| A. | Interest rate on time deposits |
| B. | Rent of safe deposit vaults |
| C. | Inflation rate |
| D. | Dearness Allowance to govt employee |
| E. | Cash Reserve Ratio |
| Answer» F. | |
| 26. |
Customer's relationship with the bank is influenced by [SBI Clerk 2009] |
| A. | Customers attitudes |
| B. | Attitudes of bank staff |
| C. | interest rates of the bank |
| D. | attitude of sales persons |
| E. | All of the above |
| Answer» E. All of the above | |
| 27. |
The total number of nationalized bank in India is? |
| A. | 14 |
| B. | 19 |
| C. | 21 |
| D. | 30 QSO 2000 |
| Answer» C. 21 | |
| 28. |
RBI does not transact the business of which state govt? |
| A. | Nagaland |
| B. | Jammu & Kashmir |
| C. | Punjab |
| D. | Cairncrosed |
| Answer» D. Cairncrosed | |
| 29. |
Which one of the following is not a quantitative credit control techniques? [SSC, CPO S I 2008] |
| A. | Bank rate |
| B. | Cash Reserve Ratio |
| C. | Statutory Liquidity Ratio |
| D. | Increase of interest rate on saving deposit |
| Answer» E. | |
| 30. |
Which of the following is the safety needs? |
| A. | Protection |
| B. | Food |
| C. | Water |
| D. | Shelter |
| E. | None of these |
| Answer» B. Food | |
| 31. |
Which of the following is not a measure to control inflation adopted by the government and or the RBI? (B.G.'M. 2009) |
| A. | Monetary policy |
| B. | Fiscal policy |
| C. | Financial inclusion |
| D. | Price control |
| Answer» D. Price control | |
| 32. |
An agreement, which in fact is a contract, between the RBI and Banks for the sale and repurchase of Govt. Securities and short term treasury bills at a future date and for which the RBI indicates "the interest rate" is generally known as? |
| A. | Repo rate |
| B. | Bank rate |
| C. | Reverse repo rate |
| D. | None of these |
| Answer» B. Bank rate | |
| 33. |
AXIS Bank is a ? [IBPS EO. 2012] |
| A. | Public Sector Bank |
| B. | Private sector Bank |
| C. | Co-operative Bank |
| D. | Foreign Bank |
| E. | Gramin Bank |
| Answer» C. Co-operative Bank | |
| 34. |
Bad advances of a bank are called ? [IBPS. PO. 2012] |
| A. | Bad debt |
| B. | Book debt |
| C. | Non-performing asset |
| D. | Out of order accounts |
| E. | Over drawn accounts |
| Answer» D. Out of order accounts | |
| 35. |
NABARD is responsible for regulating and supervising the functions of? |
| A. | Investment and Industrial Finance Banks |
| B. | Cooperative Banks and Regional Rural Banks |
| C. | Corporate Finance and Overseas Bank Units |
| D. | Reserve Bank of India |
| Answer» C. Corporate Finance and Overseas Bank Units | |
| 36. |
A type of fraud where in criminals use an innocent person's details to open or use an account to carry out financial transactions, is known as [IBPS2013] |
| A. | Hacking |
| B. | Money laundering |
| C. | Espionage |
| D. | Phishing |
| Answer» E. | |
| 37. |
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. | Direct Bank |
| Answer» E. | |
| 38. |
Labeling is important for international, legal and ................ reasons. |
| A. | Marketing |
| B. | Promotional |
| C. | Branding |
| D. | Strategic |
| E. | All of these |
| Answer» C. Branding | |
| 39. |
Which is psychological buying motives? |
| A. | Sleeping |
| B. | Hungry |
| C. | Thirst |
| D. | Rest |
| E. | All of these |
| Answer» C. Thirst | |
| 40. |
Which of the following is feature of buying behavior of Indian consumer? |
| A. | Changing consumption pattern |
| B. | Trademark consciousness |
| C. | Bargaining |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 41. |
Buyer Resistance can be overcome by ? [PNB Clerk 2010] |
| A. | Cordial relation between buyer and seller |
| B. | Good negotiation |
| C. | Persuasive Communication |
| D. | Good after sales service |
| E. | All of these |
| Answer» E. All of these | |
| 42. |
Which is the drawback of advertising? |
| A. | Wastage of money |
| B. | Reduction of ethics |
| C. | Mis-representation of facts |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 43. |
Many times we read the term "ECB" in newspapers. What is the full form of ECB? |
| A. | Essential commercial Banking |
| B. | European credit borrowing |
| C. | External credit for Business |
| D. | External commercial borrowing |
| E. | None of these |
| Answer» B. European credit borrowing | |
| 44. |
We come across the term TPP" in financial news now days. What does ?PPP? represent? |
| A. | Personal precipitate power |
| B. | Private public partnership |
| C. | Per capita potential for purchases |
| D. | Present purchasing power |
| E. | Pure purchase parity |
| Answer» E. Pure purchase parity | |
| 45. |
Which of the following institutions is a credit information company? [IBPS 2014] |
| A. | ARCIL |
| B. | CRISIL |
| C. | CIBIL |
| D. | ICRA |
| Answer» D. ICRA | |
| 46. |
With introduction of ATMs, telebanking and internet banking, banking hours is not a constraint for transacting banking business, which is known as? [IBPS 2014] |
| A. | Universal Banking |
| B. | Worldwide Banking |
| C. | Anywhere Banking |
| D. | Global Banking |
| Answer» D. Global Banking | |
| 47. |
Interest on saving bank account is now calculated by banks on ? [IBPS PO 2011] |
| A. | Minimum balance during the month |
| B. | Minimum balance from 7th to last day of the month |
| C. | Minimum balance from 10th to last day of the month |
| D. | Maximum balance during the month |
| E. | Daily product basis |
| Answer» D. Maximum balance during the month | |
| 48. |
Distribution of insurance products and insurance policies by banks as corporate agents is known as? [IBPS PO 2011] |
| A. | General insurance |
| B. | Non-life insurance |
| C. | Banc assurance |
| D. | Insurance banking |
| E. | Deposit insurance |
| Answer» D. Insurance banking | |
| 49. |
Which of the following is an investment advisory discipline? [IBPS 2013] |
| A. | Corporate Industrial Finance |
| B. | Offshore Banking |
| C. | Wealth Management |
| D. | Wholesale Banking [IBPS 2.0 rv |
| Answer» D. Wholesale Banking [IBPS 2.0 rv | |
| 50. |
The reserves held by commercial Bank over and above the statutory minimum with the RBI are Called? [SSC CCL 2011] |
| A. | Cash Reserves |
| B. | Deposit Reserves |
| C. | Excess Reserves |
| D. | Momentary Reserves |
| Answer» D. Momentary Reserves | |