MCQOPTIONS
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MCQOPTIONS
This section includes 1588 Mcqs, each offering curated multiple-choice questions to sharpen your Banking And Financial Awareness knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
Which of the following is not required for opening a bank account? [IBPSRO. 2012] |
| A. | Identity proof |
| B. | Address proof |
| C. | Recent photographs |
| D. | Domicile certificate |
| E. | None of these |
| Answer» E. None of these | |
| 102. |
What is the maximum deposit amount insured by DICGC? [IBPS P.O. 2012] |
| A. | 2, 00,000 per depositor per bank |
| B. | 2, 00, 00 per depositor across all bank |
| C. | 1, 00,000 per depositor per bank |
| D. | 1, 00,000 per depositor across all bank |
| E. | None of these |
| Answer» E. None of these | |
| 103. |
The Reserve Bank of India has recently raised the card limit for issuance of pre-paid payment instruments (PPI) from> 50,000 to? [NIACL AssT2015] |
| A. | 1, 50,000 |
| B. | 1, 00,000 |
| C. | 60,000 |
| D. | 75,000 |
| Answer» C. 60,000 | |
| 104. |
According to the companies Act 2013, the minimum paid up share capital requirement for a public company to commence business in India is? [NIACL Asstt. 2015] |
| A. | 25 lakh |
| B. | 10 lakh |
| C. | 15 lakh |
| D. | 5 lakh |
| Answer» E. | |
| 105. |
Which of the following is the principal financial institution for the promotion, financing and development of the MSME sector in India? [NIACL Assistant 2015] |
| A. | EXIM Bank |
| B. | SIDBI |
| C. | NABARD |
| D. | DICG |
| Answer» C. NABARD | |
| 106. |
Which of the following institutions is not a regulatory authority? [NIACL Assistant 2015] |
| A. | Forward Market Commission |
| B. | Indian Bank Association |
| C. | RBI |
| D. | SEBI |
| Answer» C. RBI | |
| 107. |
Target group means ? ISBI Clerk 2012] |
| A. | All employers |
| B. | all sales person |
| C. | intended buyers |
| D. | all industries |
| E. | Call center persons |
| Answer» D. all industries | |
| 108. |
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 | |
| 109. |
What is a "Debit Card? [IBPS. PO. 2012] |
| A. | It is a card issued by a Rating Agency |
| B. | It is card which can be used for withdrawing cash or making payment even in the absence of any balance in the account |
| C. | It is a can be used for withdrawing cash or making payment if there is balance in the account |
| D. | It is a card which carries prepaid balance |
| E. | If is card which can be used for making STD call |
| Answer» D. It is a card which carries prepaid balance | |
| 110. |
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 | |
| 111. |
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 | |
| 112. |
Which is the latest distribution system? [SBI2008, 2009] |
| A. | Telephonic distribution |
| B. | E-commerce |
| C. | |
| D. | Mobile |
| E. | All of these |
| Answer» F. | |
| 113. |
The fringe benefit tax was introduced in the budget of? [SSC CGL 2011] |
| A. | 2003-04 |
| B. | 2004-05 |
| C. | 2005-06 |
| D. | 2006-07 |
| Answer» D. 2006-07 | |
| 114. |
As a practice. All banks now deduct scheme amounts from their pre-tax income and set aside in a separate account to create a cushion for the loans which may go bad. This is called? |
| A. | CRR |
| B. | SLR |
| C. | Provisioning |
| D. | PLR |
| Answer» D. PLR | |
| 115. |
Which of the following is the name of the organization created specifically to develop small scale industrial sector in our country? (NABARD PO 2010) |
| A. | NABARD |
| B. | SEBI |
| C. | SIDBI |
| D. | AMFI |
| Answer» D. AMFI | |
| 116. |
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. | |
| 117. |
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 | |
| 118. |
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. | |
| 119. |
What does the letter 'P? denote in term PAN as used in financial transaction? [SBI Clerk, 2012] |
| A. | Primary |
| B. | Partial |
| C. | Permanent |
| D. | Provisional |
| E. | Public |
| Answer» D. Provisional | |
| 120. |
Which of the following terms is not used in banking & finance? [SBI Clerk 2012] |
| A. | Public debt |
| B. | Plasma |
| C. | Joint venture |
| D. | Net demand Time liability |
| E. | Treasury Bill |
| Answer» C. Joint venture | |
| 121. |
The process that has to be undertaken by banks and other financial institutions to prevent them from being used by criminal elements for money laundering is? [IBPS 2014] |
| A. | Credit monitoring process |
| B. | Credit Rating process |
| C. | KYC process |
| D. | Credit Appraisal process |
| Answer» B. Credit Rating process | |
| 122. |
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 | |
| 123. |
Based on the recovery of the dues, banks are required to classify Non-Performing Assets (NPAs) in the books of the bank under the categories? [IBPSPO 2014] |
| A. | Substandard, Doubtful and Bad Debts |
| B. | Substandard, Doubtful and Loss Assets |
| C. | Standard, Doubtful and Loss Assets |
| D. | None of these |
| Answer» C. Standard, Doubtful and Loss Assets | |
| 124. |
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 | |
| 125. |
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 | |
| 126. |
A company's ability to perform in or more ways that competitors cannot or will not match is known as its [SBI Ass. Clerk 2012] |
| A. | Attribute competition |
| B. | Attribute positioning |
| C. | Brand image |
| D. | Competitive advantage |
| E. | Brand positioning |
| Answer» E. Brand positioning | |
| 127. |
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 | |
| 128. |
Telemarketing means [SBI PO 2011] |
| A. | Selling telephones |
| B. | Sending SMS messages |
| C. | Chatting on the phone |
| D. | marketing through phone calls |
| E. | marketing person |
| Answer» E. marketing person | |
| 129. |
The sales promotion targeted at the consumer is called |
| A. | Consumer sales promotion |
| B. | trade sales promotion |
| C. | retailer sales promotion |
| D. | Wholesaler sales promotion |
| E. | None of the above |
| Answer» B. trade sales promotion | |
| 130. |
'Benchmark' mean [SBI Steno 2012; PNB Clerk 2009] |
| A. | Sales performance measurement |
| B. | marks given to sales persons |
| C. | appraisal |
| D. | standard value for comparison |
| E. | automation |
| Answer» E. automation | |
| 131. |
Post-sales activities include [SBI PO 2013] |
| A. | Sales presentation |
| B. | Customer feedback |
| C. | Customer identification |
| D. | Customer apathy |
| E. | Product design |
| Answer» C. Customer identification | |
| 132. |
The performance of a salesperson can be enhanced by [SBI Clerk 2009] |
| A. | Increasing the sales incentives |
| B. | Increasing the number of products to be sold |
| C. | appropriate training |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 133. |
Team building is required [SBS Clerk 2009] |
| A. | only for lead generation |
| B. | only for after sales service |
| C. | for cross selling |
| D. | All of the above |
| E. | None of the above |
| Answer» D. All of the above | |
| 134. |
Good public relations indicate [PNB Clerk 2009] |
| A. | improved marketing skills |
| B. | improved brand image |
| C. | improved customer service |
| D. | All of the above |
| E. | None of the above |
| Answer» F. | |
| 135. |
Sales promotion may be effective, when.......... techniques are used. |
| A. | advertising and salesmanship |
| B. | Pricing |
| C. | BEP |
| D. | EOQ |
| E. | All of the above |
| Answer» B. Pricing | |
| 136. |
Effective selling skills depend on [SBI Clerk 2012] |
| A. | good dress sense |
| B. | territory allocation |
| C. | sales call planning |
| D. | good eye contact |
| E. | Pat performance |
| Answer» E. Pat performance | |
| 137. |
Source of sales leads are [SBI Clerk 2009] |
| A. | date mining |
| B. | market research |
| C. | media outlets |
| D. | promotional programs |
| E. | All of the above |
| Answer» F. | |
| 138. |
Value added services means [SBI PO 2013, 12, 10, 09; SBI Clerk 2011; PNB Clerk 2009] |
| A. | additional cost |
| B. | additional production |
| C. | additional staff |
| D. | additional services |
| E. | All of the above |
| Answer» E. All of the above | |
| 139. |
The sequence of a sales process is [PNB Clerk 2009] |
| A. | a call, a lead, presentation and sale |
| B. | a lead, a call, presentation and sale |
| C. | presentation, sale, lead and call |
| D. | presentation, lead, sale and call |
| E. | sale, call, lead and presentation |
| Answer» C. presentation, sale, lead and call | |
| 140. |
A presentation means [PNB PO 2009] |
| A. | display of products |
| B. | explaining the utility of products |
| C. | a gift |
| D. | display of communication skills |
| E. | All of the above |
| Answer» C. a gift | |
| 141. |
Which of the following is one of the four aspects of promotional mix? |
| A. | Sales promotion |
| B. | Sales planning |
| C. | Sales forecasting |
| D. | Sales strategy |
| E. | None of the above |
| Answer» B. Sales planning | |
| 142. |
Which is/are tools of sales promotion? |
| A. | Bonus |
| B. | Coupon |
| C. | Premium |
| D. | Additional commission or purchase allowance |
| E. | All of the above |
| Answer» F. | |
| 143. |
Promotion encompasses all the tools in the marketing mix whose major role is |
| A. | research and development |
| B. | Persuasive communication |
| C. | market |
| D. | Sales |
| E. | gift |
| Answer» C. market | |
| 144. |
Promotion in marketing means [SBI Clerk 2009] |
| A. | passing an examination |
| B. | elevation from one grade to another |
| C. | selling the products through various means |
| D. | selling the product in specific area |
| E. | All of the above |
| Answer» D. selling the product in specific area | |
| 145. |
A Direct Selling Agent (DSA) is required to be adopt in [SBI PO 2013] |
| A. | Surrogates marketing |
| B. | training skills |
| C. | Communication skills |
| D. | market research |
| E. | OTC marketing |
| Answer» D. market research | |
| 146. |
The objectives of promotion are to inform persuade or remind consumers of the company's |
| A. | Wage and salary administration |
| B. | marketing mix |
| C. | Product mix |
| D. | Style |
| E. | gift |
| Answer» D. Style | |
| 147. |
Which of the following is/are the objective of sales promotion? |
| A. | Information to consumers |
| B. | Increase in sales volume |
| C. | Creating product identity |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 148. |
Which is/are the functions of sales promotion? |
| A. | Stimulation of consumers |
| B. | Help to middlemen |
| C. | Aid to salesmen |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 149. |
Find the correct sentence. [PNB Clerk 2010] |
| A. | higher the price, higher are the sales |
| B. | more sales persons lead to more sales |
| C. | mission statement is part of a Market Plan |
| D. | better sales incentives means better performance |
| E. | all customers are profitable customers |
| Answer» E. all customers are profitable customers | |
| 150. |
Which of the following is/are example of the popular sales promotion activities? |
| A. | Vouchers and coupons |
| B. | Joint promotions |
| C. | Discounted price |
| D. | Free gifts |
| E. | All of the above |
| Answer» F. | |