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. |
The Committee on Financial sector Assessment (CFSA) set up by the Reserve Bank of India has also recommended several reforms in which of the following existing laws in India? [I.E. P.O. 2010] |
| A. | Taxation laws |
| B. | Banking Regulation laws |
| C. | Commercial laws |
| D. | All of these |
| Answer» E. | |
| 2. |
Who amongst the following was the chairperson of the "working group on Benchmark prime lending Rate (BPLR)" constituted by the RBI? (Indian Bank P.O. 2010) |
| A. | Dr. K.C. Chakravorty |
| B. | Mr. Deepak Mohanty |
| C. | Mr. R. Bhaskaran |
| D. | Mr. O.P. Bhatt |
| Answer» C. Mr. R. Bhaskaran | |
| 3. |
The term 'Micro economies' and Macroeconomics were coined by? [SSC CGL 2010] |
| A. | Alfred Marshall |
| B. | Regner Nurse |
| C. | Ragner Frish |
| D. | J.M. Keynes |
| Answer» D. J.M. Keynes | |
| 4. |
The exchange of commodities between two countries is referred as? [SSCCGL2011] |
| A. | Balance of trade |
| B. | Bilateral trade |
| C. | Volume of trade |
| D. | Multilateral trade |
| Answer» C. Volume of trade | |
| 5. |
A want becomes a demand only when it is backed by the? [SSC2010] |
| A. | Ability to purchase |
| B. | Necessity to buy |
| C. | Desire to buy |
| D. | Utility of the product |
| Answer» E. | |
| 6. |
Industries in India |
| A. | The breakeven point is where? |
| B. | Marginal revenue equals Marginal cost |
| C. | Average revenue equals Average cost |
| D. | Total revenue equals Total cost |
| E. | None of the above |
| Answer» B. Marginal revenue equals Marginal cost | |
| 7. |
Brown Revolution' is ? |
| A. | Growth of fodder industry |
| B. | Growth of sea products |
| C. | Growth of milk and milk products |
| D. | Growth of food processing and soft drink |
| Answer» B. Growth of sea products | |
| 8. |
Which of the following is the full form of the abbreviation 'IFRS" as used in corporate/finance sector? [Syndicate Bank PO- 2010] |
| A. | Indian Financial Reconciliation standards |
| B. | Interpretation & Formal reporting system |
| C. | International Financial Reporting standards |
| D. | International Finance Reporting system |
| Answer» D. International Finance Reporting system | |
| 9. |
What is the full form of ULIP? |
| A. | Universal life and Investment plan |
| B. | Unit Loan and Insurance plan |
| C. | Uniformly loaded investment plan |
| D. | Unit linked insurance plan |
| Answer» E. | |
| 10. |
What is the full form of MAT? |
| A. | Maximum Alternative Tax |
| B. | Minimum Alternative Tax |
| C. | Minimum Affordable Tax |
| D. | None of these (Corp. Bank 2010) |
| Answer» C. Minimum Affordable Tax | |
| 11. |
What is the full form of FCCBs- [Corporation Bank P.O. 2010] |
| A. | Foreign currency convertible Bonds |
| B. | Foreign convertible credit Bonds |
| C. | Future credit and currency Bureau |
| D. | All of these |
| Answer» B. Foreign convertible credit Bonds | |
| 12. |
What is the full form of NBFC as used in the Financial Sector? |
| A. | New Banking Finance Company |
| B. | National Banking and Finance Corporation |
| C. | National Banking Finance & Credit |
| D. | None of these |
| Answer» E. | |
| 13. |
What is the full form of the term NPA as used in banking environment? (SBI, PO. 2010) |
| A. | Not profitable assets |
| B. | New potential Accounts |
| C. | Nonperforming assets |
| D. | Net performing assets |
| Answer» D. Net performing assets | |
| 14. |
Equity schemes managed strong NAV gains, which boost their assets' was a news in some financial newspapers. What is the full form of the term NAV as used in above headlines? (Corp. Bank 2009) |
| A. | Nil Accounting Variation |
| B. | Net Accounting Venture |
| C. | Net Asset VALUE |
| D. | None of these |
| Answer» D. None of these | |
| 15. |
Which of the following is the type of consumer? |
| A. | Active personal consumer |
| B. | Personal consumer |
| C. | Risk taker |
| D. | All of the above |
| E. | None of the above |
| Answer» C. Risk taker | |
| 16. |
Buyer resistance means [SBI Clerk 2012, 09; PNB Clerk 2010] |
| A. | buyer's dislike for the product |
| B. | fight between buyer and the seller |
| C. | buyer's hesitation in buying the product |
| D. | exchange of products |
| E. | buyer retracting the sale |
| Answer» D. exchange of products | |
| 17. |
Which of the following is not a public sector bank? [SBI Associate Clerk 2012] |
| A. | Corporation Bank |
| B. | United Bank of India |
| C. | Vijaya Bank |
| D. | Bank of Maharashtra |
| E. | Federal Bank |
| Answer» F. | |
| 18. |
The term "ATM" stands for ? [SBI Associate Clerk 2012] |
| A. | Alternate to Money |
| B. | Automated Transaction Machine |
| C. | Automated Toller Mechanism |
| D. | Automatic Teller Mode |
| E. | Automated Teller Machine |
| Answer» F. | |
| 19. |
Which of the following authorities is responsible for maintaining accounts, deposits and cash management of the government through issue of Bonds and Treasury Bills? [SBI Clerk 2014] |
| A. | SEBI |
| B. | IRDA |
| C. | SBI |
| D. | RBI |
| Answer» E. | |
| 20. |
A practice in the insurance industry where in the insurer passes some parts of all risks to another insurer for a fee is known as? [NIACL AC) 2015] |
| A. | Counter insurance |
| B. | Dual insurance |
| C. | Co-insurance |
| D. | Re-insurance |
| Answer» E. | |
| 21. |
As per revised RBI guidelines provision on secured portion of loan accounts classified as Doubtful Assets for more than one year and unto 3 years is to be made at the rate of ? [IBPS, PO, 2012] |
| A. | 15% |
| B. | 20% |
| C. | 40% |
| D. | 25% |
| E. | 30% |
| Answer» B. 20% | |
| 22. |
Banking ombudsman scheme is applicable to the business of ? [IBJOP.O.22012] |
| A. | All scheduled commercial banks excluding RRBs |
| B. | All scheduled commercial banks including RRBs |
| C. | Only public sector banks |
| D. | All banking companies |
| E. | All scheduled banks except private banks |
| Answer» C. Only public sector banks | |
| 23. |
The psychological factors of consumer behaviour include |
| A. | Perception |
| B. | attitude |
| C. | learning |
| D. | beliefs |
| E. | All of these |
| Answer» F. | |
| 24. |
The structure of distribution channel vary with the production of |
| A. | nature |
| B. | price |
| C. | Size |
| D. | quantity |
| E. | None of these |
| Answer» B. price | |
| 25. |
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. | |
| 26. |
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 | |
| 27. |
Which of the following is buying motives? |
| A. | Rest and recreation |
| B. | Sociability and striving |
| C. | Pride |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 28. |
Direct marketing is more useful when |
| A. | absolute margins are very large |
| B. | absolute margins are low |
| C. | absolute margins are very low |
| D. | production cost is very low |
| E. | None of the above |
| Answer» B. absolute margins are low | |
| 29. |
Abound issued at a price less than its face value and payable on its due date at its face value bearing no ROI (Rate Of Interest) is called? [SBI Clerk 2014] |
| A. | Preference Bond |
| B. | Zero Coupon Bond |
| C. | Convertible Bond |
| D. | Perpetual Bond |
| Answer» C. Convertible Bond | |
| 30. |
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. | |
| 31. |
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. | |
| 32. |
The package design of a bag of flour would most likely be criticised for being |
| A. | Unsafe to the environment |
| B. | well suited for multiple unit packaging |
| C. | Unsafe to the user |
| D. | functionally deficient |
| E. | All of the above |
| Answer» E. All of the above | |
| 33. |
Stores deal with products of a specific brand or company |
| A. | general |
| B. | specialty |
| C. | departmental |
| D. | super |
| E. | None of these |
| Answer» C. departmental | |
| 34. |
Capital Market in India is controlled by which of the following? [SBI Asst. Clerk 2015] |
| A. | MRTP |
| B. | SEBI |
| C. | RBI |
| D. | IRDA |
| Answer» C. RBI | |
| 35. |
Monetary policy in India is formulated by ? [SSC, LDC, 2012] |
| A. | Finance Ministry |
| B. | RBI |
| C. | SEBI |
| D. | CLB |
| Answer» C. SEBI | |
| 36. |
Which one of the following is an example of Non-Banking financial Institution? [SSCLDC2012] |
| A. | RBI |
| B. | SBI |
| C. | IOB |
| D. | LIC |
| Answer» E. | |
| 37. |
Which of the following is/are the beneficiaries of advertising? |
| A. | Manufacturers |
| B. | Consumers |
| C. | Society |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 38. |
In international Banking terms, 'appreciation' of rupee means? [SBI Asst. Clerk 2015] |
| A. | Excess of exports over imports |
| B. | Purchasing power of rupee has come down |
| C. | Excess of imports over exports |
| D. | Availability of more foreign currency vis-a-vis rupee |
| Answer» E. | |
| 39. |
Which of the following is not a Banking organization? [SBI Asst. 2015] |
| A. | ICICI PRUDENTIAL |
| B. | AXIS BANK |
| C. | KOTAK MAHINDRA |
| D. | ICICI BANK |
| Answer» B. AXIS BANK | |
| 40. |
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. | |
| 41. |
The term "plastic Money" refers to ? [SBI Associate Clerk 2012] |
| A. | ATM / credit cards |
| B. | Plastic-wanted currency notes |
| C. | Foreign currency Notes |
| D. | Travelers cheque |
| E. | None of these |
| Answer» B. Plastic-wanted currency notes | |
| 42. |
Marketing channels are sets of inter-dependent organisation involved |
| A. | Production activity |
| B. | financing activity |
| C. | Training activity |
| D. | in the process of making a product available for use or consumption |
| E. | All of the above |
| Answer» E. All of the above | |
| 43. |
Word-of-moth marketing is |
| A. | triggered by the company |
| B. | Unpaid advertising |
| C. | Used by the company to influence behaviour |
| D. | None of the above |
| Answer» C. Used by the company to influence behaviour | |
| 44. |
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. | |
| 45. |
Which of the following is the characteristic of a good brand name? |
| A. | Easy to pronounce |
| B. | Easy to remember |
| C. | Most descriptive in nature |
| D. | Easy to understand |
| E. | All of the above |
| Answer» F. | |
| 46. |
Investment and savings are kept equal through a change in the level of? [SSC S.O. 2005] |
| A. | Consumption |
| B. | Investment |
| C. | Government expenditure |
| D. | Income |
| Answer» B. Investment | |
| 47. |
A commercial bank law creates credit only if it has? [SSC S.O, 2005] |
| A. | Cash in the value |
| B. | Excess reserves |
| C. | Permission of RBI |
| D. | Cooperation of other banks |
| Answer» D. Cooperation of other banks | |
| 48. |
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 | |
| 49. |
In India one rupee coins and notes and subsidiary coins are issued by? [SSC S.O. 2006] |
| A. | RBI |
| B. | The central government |
| C. | SBI |
| D. | VIT |
| Answer» C. SBI | |
| 50. |
A prospect means [SBI Clerk 2012, 08] |
| A. | any customer who walks into the bank |
| B. | an employee of the bank |
| C. | a customer who is likely to be interested in bank's product or service |
| D. | a depositor of the bank |
| E. | a borrower of the bank |
| Answer» D. a depositor of the bank | |