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. |
Cryptocurrency is a _______ |
| A. | Digital payment |
| B. | Digital Medium of Exchange |
| C. | Both B & D |
| D. | Digital Currency |
| Answer» D. Digital Currency | |
| 2. |
Demat Accounts are |
| A. | Accounts in which shares of various companies are traded in electronic form |
| B. | Accounts which are operated through internet banking facility |
| C. | Accounts which are opened to facilitate repayment of a loan taken from the bank. |
| D. | Zero Balance Accounts |
| Answer» B. Accounts which are operated through internet banking facility | |
| 3. |
The approved assets against which currency notes are issued by RBI comprise of- |
| A. | gold coin and bullion and rupee coin |
| B. | foreign securities and Government of India rupee securities of any maturity |
| C. | bills of exchange and promissory notes payable in India which are eligible for purchase by RBI |
| D. | All of the above |
| Answer» E. | |
| 4. |
The majority stake of subsidiaries of NABARD is held by- |
| A. | Government of India |
| B. | RRB |
| C. | RBI |
| D. | Co-operative Bank |
| Answer» B. RRB | |
| 5. |
The interest rate at which the RBI lends to commercial banks in the short term to maintain liquidity is known as— |
| A. | Interest rate |
| B. | Repo rate |
| C. | Reverse repo rate |
| D. | Bank rate |
| Answer» C. Reverse repo rate | |
| 6. |
A bank has launched India’s first digital branch in Gurgaon is ______. |
| A. | ICICI |
| B. | Axis Bank |
| C. | Indusind Bank |
| D. | South Indian Bank |
| Answer» D. South Indian Bank | |
| 7. |
Bengaluru ,city of Karnataka is the headquarters to which of the below SFBs? |
| A. | Suryoday Small Finance Bank |
| B. | Equitas Small Finance Bank |
| C. | Au Small Finance Bank Limited |
| D. | Ujjivan Small Finance Bank |
| Answer» E. | |
| 8. |
Regional Rural Banks fall within supervisory purview of |
| A. | SBI |
| B. | RBI |
| C. | SEBI |
| D. | IRDA |
| Answer» C. SEBI | |
| 9. |
When the rate of inflation increases |
| A. | purchasing power of money increases |
| B. | purchasing power of money decreases |
| C. | value of money increases |
| D. | purchasing power of money remains unaffected |
| Answer» C. value of money increases | |
| 10. |
New Private Banks are being given licenses since |
| A. | 1991 |
| B. | 1992 |
| C. | 1993 |
| D. | 1995 |
| Answer» D. 1995 | |
| 11. |
Which of the following does not come under the category of Development Banks? |
| A. | Industrial Development Bank of India |
| B. | Small Industries Development Bank of India |
| C. | Export-import Bank |
| D. | State Finance Corporation |
| Answer» D. State Finance Corporation | |
| 12. |
IRDA with its headquarters at ……… is the regulatory authority for all insurance companies in India including the Life Insurance Corporation of India. |
| A. | Hyderabad |
| B. | Bengaluru |
| C. | Mumbai |
| D. | Delhi |
| Answer» B. Bengaluru | |
| 13. |
Capital market is a market which deals in |
| A. | short-term funds |
| B. | long-term funds |
| C. | gilt-edge securities |
| D. | All of the above |
| Answer» C. gilt-edge securities | |
| 14. |
Interest on Saving bank account is now calculated by banks on |
| A. | minimum balance during the month |
| B. | minimum balance from 10th to last day of the month |
| C. | daily product basis |
| D. | maximum balance during the month |
| Answer» D. maximum balance during the month | |
| 15. |
In order to attract more foreign exchange the Government of India decided to allow foreign investment in LLP firms. What is full form of ‘LLP’ as used in this reference? |
| A. | Local Labor Promotion |
| B. | Low Labor Projects |
| C. | Limited Loan Partnership |
| D. | Limited Liability Partnership |
| Answer» E. | |
| 16. |
NEFT means |
| A. | National Electronic Funds Transfer system |
| B. | Negotiated Efficient Fund Transfer system |
| C. | National Efficient Fund Transfer solution |
| D. | Non Effective Fund Transfer system |
| Answer» B. Negotiated Efficient Fund Transfer system | |
| 17. |
When a bank returns a cheque unpaid, it is called |
| A. | payment of the cheque |
| B. | drawing of the cheque |
| C. | canceling of the cheque |
| D. | dishonor of the cheque |
| Answer» E. | |
| 18. |
Financial inclusion means provision of |
| 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 |
| Answer» B. ration at affordable cost to persons not yet given the same | |
| 19. |
Which of the following is known as cross selling by banks? A) Sale of a debit card to a credit card holder. (B) Sale of Insurance policy to a depositor. (C) Insurance of cash against cheque presented by a third party. |
| A. | Only (A) |
| B. | Only (B) |
| C. | Only © |
| D. | All (A), (B) and (C) |
| Answer» E. | |
| 20. |
Mortgage is a |
| 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 |
| Answer» C. concession on immovable property for a loan given by a bank | |
| 21. |
Which of the following is correct statement? |
| A. | Normally no interest is paid on current deposit accounts |
| B. | Interest is paid on current accounts at the same rate as term deposit accounts |
| C. | The rate of interest on current account and savings account are the same |
| D. | No interest is paid on any deposit by the bank |
| Answer» B. Interest is paid on current accounts at the same rate as term deposit accounts | |
| 22. |
Accounts are allowed to be operated by cheques in respect of |
| A. | both savings bank accounts and fixed deposit accounts |
| B. | savings bank accounts and current accounts |
| C. | both savings bank accounts and loan accounts |
| D. | both savings bank accounts and cash accounts only |
| Answer» C. both savings bank accounts and loan accounts | |
| 23. |
Fixed deposits and recurring deposits are |
| A. | repayable after an agreed period |
| B. | repayable on demand |
| C. | not repayable |
| D. | repayable after death of depositors |
| Answer» B. repayable on demand | |
| 24. |
The usual deposit accounts of banks are |
| A. | current accounts, electricity accounts and insurance premium accounts |
| B. | current accounts post office savings bank accounts and term deposit accounts |
| C. | loan accounts, savings bank accounts and term deposit accounts |
| D. | current accounts, savings bank accounts and term deposit accounts |
| Answer» E. | |
| 25. |
Interest payable on savings bank accounts is |
| A. | not regulated by RBI |
| B. | regulated by Sate Governments |
| C. | regulated by Central Government |
| D. | regulated by RBI |
| Answer» E. | |
| 26. |
Which of the following is the correct statement? |
| A. | State Bank of India is the sole authority to issue and manage currency in India |
| B. | A nationalized bank is the sole authority to issue and manage currency in India |
| C. | A cooperative bank is the sole authority to issue and manage currency in India |
| D. | BI is the sole authority to issue and manage currency in India |
| Answer» E. | |
| 27. |
Which of the following statements is true? |
| A. | Banks cannot accept demand and time deposits from public |
| B. | Banks can accept only demand deposits from public |
| C. | Banks can accept both demand and time deposits from public |
| D. | Banks can accept both demand and time deposits from public |
| Answer» E. | |