MCQOPTIONS
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MCQOPTIONS
This section includes 99 Mcqs, each offering curated multiple-choice questions to sharpen your BANKING AWARENESS knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Which bank was united with the Punjab National Bank in 1993? |
| A. | Oudh Commercial Bank |
| B. | Imperial Bank of India |
| C. | New Bank of India |
| D. | Punjab and Sind Bank |
| Answer» D. Punjab and Sind Bank | |
| 2. |
Which among the following is not a public sector bank? |
| A. | Allahabad Bank |
| B. | City Union Bank |
| C. | UCO Bank |
| D. | Vijaya Bank |
| Answer» C. UCO Bank | |
| 3. |
Green revolution has led to |
| A. | an increase in the regional inequalities |
| B. | an increase in inter-personal inequalities |
| C. | maximum addition to wheat production |
| D. | all of these |
| Answer» D. all of these | |
| 4. |
GNP is equal to |
| A. | total output of goods and services in one year |
| B. | total output minus intermediate consumption |
| C. | total output minus savings |
| D. | total output plus total factor payments |
| Answer» C. total output minus savings | |
| 5. |
The budget deficit refers to the difference between all revenue and expendituire of |
| A. | revenue account only |
| B. | both revenue and capital accounts |
| C. | capital account only |
| D. | Increased government expenditure |
| Answer» C. capital account only | |
| 6. |
The theory of economic drain of India during British period was propounded by |
| A. | M. K. Gandhi |
| B. | Dadabhai Naoroji |
| C. | Jawaharlal Nehru |
| D. | R. C. Dutta |
| Answer» C. Jawaharlal Nehru | |
| 7. |
In which year, the new currency 'Euro ' was introduced. |
| A. | 1996 |
| B. | 1999 |
| C. | 1998 |
| D. | 1997 |
| Answer» C. 1998 | |
| 8. |
Economic planning refers to |
| A. | the mobilisation of taxes |
| B. | the allocation of resources |
| C. | the acquisition of foreign capital |
| D. | the planning of manpower |
| Answer» C. the acquisition of foreign capital | |
| 9. |
Interest rates on which of the following deposit schemes is fixed by RBI |
| A. | Fixed deposit above 5 years maturity |
| B. | Recurring deposits |
| C. | Saving deposits |
| D. | None of these |
| Answer» D. None of these | |
| 10. |
Which among the following is the most abundant human resource in India? |
| A. | High-skilled labour in organized sector |
| B. | Low-skilled labour in organized sector |
| C. | High-skilled labour in unorganized sector |
| D. | Low-skilled labour in unorganized sector |
| Answer» E. | |
| 11. |
The RBI is bound to maintain a reserve against the issue whatever may be the amount. This system is called as |
| A. | Minimum Reserve System |
| B. | Proportional Reserve System |
| C. | Simple Deposit System |
| D. | None of these |
| Answer» B. Proportional Reserve System | |
| 12. |
Which among the following is the major marine food export item of India? |
| A. | Frozen Fish |
| B. | Frozen Shrimp |
| C. | Frozen Crabes |
| D. | Cephalopods |
| Answer» B. Frozen Shrimp | |
| 13. |
In contex with the business and banking, what is CRAR? |
| A. | Capital to Risk Asset Ratio |
| B. | Credit to Risk Asset Ratio |
| C. | Credit to Risk Assessment Ratio |
| D. | Credit Rate Asset Ratio |
| Answer» B. Credit to Risk Asset Ratio | |
| 14. |
Which one of the following can not be called an anti-inflationary measure |
| A. | Raising the Bank Rates |
| B. | Raising the Reserve Ratio Requirments |
| C. | Purchase of Securities in the Open Markets |
| D. | Rationing of the Credit |
| Answer» D. Rationing of the Credit | |
| 15. |
Which one of the following is not a function of RBI |
| A. | Decide Bank Rate, CRR and SLR from time to time |
| B. | Opening Savings Accounts for general public |
| C. | Currency Management |
| D. | Prescribe the Capital Adequacy Ratio |
| Answer» C. Currency Management | |
| 16. |
The full form of PIN in ATM transaction is |
| A. | Permanent Information Number |
| B. | Personal Identification Number |
| C. | Professional Identification Number |
| D. | Personal Index Number |
| Answer» C. Professional Identification Number | |
| 17. |
Jnanpith award is given for excellence in the field of |
| A. | Social Service |
| B. | Sports |
| C. | Classical Dance |
| D. | Literature |
| Answer» E. | |
| 18. |
Sarva Shiksha Abhiyan aimed at the education of which of the following |
| A. | Education of children between 6-14 years |
| B. | Education of girls up to graduation level |
| C. | University education |
| D. | Medical education |
| Answer» B. Education of girls up to graduation level | |
| 19. |
Bankassurance is |
| A. | an insurance scheme exclusively for the employee of banks |
| B. | an insurance scheme to insure bank deposits |
| C. | a composite financial service offering both bank and insurance product |
| D. | a bank deposit scheme exclusively for employees of insurance companies |
| Answer» D. a bank deposit scheme exclusively for employees of insurance companies | |
| 20. |
Mutual funds are regulated by |
| A. | Securities and Exchange Board of India (SEBI) |
| B. | Association of Mutual Funds of India (AMFI) |
| C. | Reserve Bank of India |
| D. | |
| Answer» B. Association of Mutual Funds of India (AMFI) | |
| 21. |
Hawala in India is prohibited under the provision of which of the following Acts |
| A. | Financial Action Task Force Act |
| B. | Fiscal Responsibility and Budget Management Act |
| C. | Foreign Exchange Management Act |
| D. | Banking Regulation Act |
| Answer» D. Banking Regulation Act | |
| 22. |
Micro credit or micro finance is a novel approach to bank with the poor. In this approach bank credit is extended to the poor through |
| A. | Self Help Groups |
| B. | Anganwadees |
| C. | Co-operative Credit Societies |
| D. | RBI |
| Answer» B. Anganwadees | |
| 23. |
TRAI regulates the functioning of which of the following |
| A. | Port |
| B. | Trade |
| C. | Telecom |
| D. | Transport |
| Answer» D. Transport | |
| 24. |
Who was was the first Indian to become governor of RBI? |
| A. | Liaquat Ali Khan |
| B. | T. T. Krishnamachari |
| C. | John Mathai |
| D. | C. D. Deshmukh |
| Answer» E. | |
| 25. |
PJ Naik committee is related to |
| A. | Refinancing weak banks |
| B. | Licensing to private bank |
| C. | Governance of bank boards |
| D. | Privatization of nationalized banks |
| Answer» D. Privatization of nationalized banks | |
| 26. |
Who headed the committee on Credit Information Reports (CIRs)? |
| A. | Raghuram Rajan |
| B. | Kaushik Basu |
| C. | K.V Kamath |
| D. | Aditya Puri |
| Answer» E. | |
| 27. |
What is the full-form of HDFC? |
| A. | Housing Department Finance Corporation |
| B. | Housing Development Financial Corporation |
| C. | Housing Development Finance Corporation |
| D. | Housing Development Finance Company |
| Answer» D. Housing Development Finance Company | |
| 28. |
Which is the largest private sector bank in India ? |
| A. | ICICI |
| B. | Axis |
| C. | HDFC |
| D. | HSBC |
| Answer» D. HSBC | |
| 29. |
Which bank has received Banking licenses by Reserve Bank of India in 2014 ? |
| A. | Aditya Birla Nuvo Ltd |
| B. | IDFC |
| C. | Bandhan |
| D. | Both b and c |
| Answer» E. | |
| 30. |
Bank of Rajasthan was merged with |
| A. | SBI |
| B. | HDFC |
| C. | IDBI |
| D. | ICICI |
| Answer» E. | |
| 31. |
According to CSO's estimates at what percent Indian economy is likely to grow during fiscal 2014-15? |
| A. | 7.4% |
| B. | 7.8% |
| C. | 8.2% |
| D. | 8.5% |
| Answer» B. 7.8% | |
| 32. |
Which of the following public sector banks has highest number of branches in India? |
| A. | Bank of india |
| B. | Allahabad Bank |
| C. | State bank of India |
| D. | Punjab National Bank |
| Answer» D. Punjab National Bank | |
| 33. |
What does the acronym DICGC mean? |
| A. | District Industries Centre and Government College |
| B. | Department of Insurance in Central Govt. Company |
| C. | Deposit Insurance and Credit Guarantee Corporation |
| D. | Deputy Inspector & Commissioner General for Commodities Trading |
| Answer» D. Deputy Inspector & Commissioner General for Commodities Trading | |
| 34. |
What is the tagline of SBI? |
| A. | Pure Banking Nothing Else |
| B. | You can always bank on us |
| C. | Working for a better tomorrow |
| D. | Experience Next Generation Banking |
| Answer» B. You can always bank on us | |
| 35. |
How many digits are there in IFSC Code? |
| A. | 10 |
| B. | 11 |
| C. | 12 |
| D. | 13 |
| Answer» C. 12 | |
| 36. |
What is the full form of CDSL? |
| A. | Central Depository Services Limited |
| B. | Cardinal Depository Services Limited |
| C. | Central Depository Securities Limited |
| D. | None |
| Answer» B. Cardinal Depository Services Limited | |
| 37. |
Which is the committee on Banking Ombudsman? |
| A. | Parthasarathi Shome |
| B. | B. Shivaraman Committee |
| C. | Suma Verma Committee |
| D. | Shri Raghuram Rajan Committee |
| Answer» D. Shri Raghuram Rajan Committee | |
| 38. |
Which country started first plastic notes? |
| A. | Afghanistan |
| B. | Argentina |
| C. | Australia |
| D. | Austria |
| Answer» D. Austria | |
| 39. |
Where is NDB headquartered? |
| A. | Beijing |
| B. | Chengdu |
| C. | Hong Kong |
| D. | Shanghai |
| Answer» E. | |
| 40. |
Who signs on 1 Rupee currency note? |
| A. | Governor of RBI |
| B. | Finance Secretary |
| C. | Finance Minister |
| D. | The President |
| Answer» C. Finance Minister | |
| 41. |
What are G. arboreum, G. herbaceum, G. hirsutum and G. barbadense, whose all the four species are cultivated in India? (G = Gossypium) |
| A. | Species of wool. |
| B. | Species of silk. |
| C. | Species of cotton. |
| D. | Species of jute. |
| Answer» D. Species of jute. | |
| 42. |
National income ignores |
| A. | sales of a firm. |
| B. | export of IT sector. |
| C. | salary of employees. |
| D. | sale of land. |
| Answer» E. | |
| 43. |
The basis of European Union begun with the signing of |
| A. | Maastricht Treaty |
| B. | |
| C. | C. |
| D. | D. |
| Answer» B. | |
| 44. |
Which of the following measures should be taken when an economy is going through inflationary pressure? |
| A. | The direct tax should be increased |
| B. | The interest rate should be reduced. |
| C. | The public spending should be increased |
| D. | None of these |
| Answer» B. The interest rate should be reduced. | |
| 45. |
which one of the following is not a clause of World Trade Organization. |
| A. | Most favoured nation treatment. |
| B. | Providing financial support to the countries having deficit balance of payments. |
| C. | Lowering the trade barriers with negotiations. |
| D. | Discouraging unfair trade practices such as anti-dumping and export subsidies. |
| Answer» C. Lowering the trade barriers with negotiations. | |
| 46. |
Special Drawing Rights (SDRs) related to |
| A. | the World Bank. |
| B. | the Reserve Bank of India. |
| C. | the World Trade Organization. |
| D. | the International Monetary Fund. |
| Answer» E. | |
| 47. |
When the productive capacity of the economic system of a state in inadequate to create sufficient number of jobs, it is called |
| A. | seasonal unemployment. |
| B. | disguised unemployment. |
| C. | structural unemployment. |
| D. | cyclic unemployment |
| Answer» D. cyclic unemployment | |
| 48. |
Fiscal policy in India is formulated by |
| A. | the Reserve Bank of India. |
| B. | the Finance Ministry. |
| C. | the Planning Commission |
| D. | the Securities and Exchange Board of India (SEBI). |
| Answer» D. the Securities and Exchange Board of India (SEBI). | |
| 49. |
A balance economic growth means |
| A. | different sectors of the economy grow at their natural rates of growth |
| B. | equal percentage of growth in output over a period of few years |
| C. | different parts of the economy grow in harmonious manner |
| D. | equal increase in resource allocation in all areas |
| Answer» D. equal increase in resource allocation in all areas | |
| 50. |
The immediate effect of devaluation by a country is |
| A. | fall in deman for imports |
| B. | that exports become more competetive |
| C. | a boost to import-competing industries |
| D. | all of the above |
| Answer» E. | |