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. |
Society for Worldwide Interbank Financial Telecommunication (SWIFT) is 8 to 11 __________. |
| A. | digit code |
| B. | Alphabetic code |
| C. | Alpha numeric code |
| D. | None of these |
| Answer» C. Alpha numeric code | |
| 2. |
How many digis in BSR(Basic Statistical Returns) code? |
| A. | 9 |
| B. | 10 |
| C. | 11 |
| D. | None of these |
| Answer» E. | |
| 3. |
Permanent Account Number (PAN) is used to identify the Indian nationals and regular Income Tax payer under the______________. |
| A. | Indian Income Tax Act, 1981 |
| B. | Indian Income Tax Act, 1961 |
| C. | Indian Income Tax Act, 1971 |
| D. | None of these |
| Answer» C. Indian Income Tax Act, 1971 | |
| 4. |
PAN card will be issued under Section __________ of the Income Tax Act. |
| A. | 139A |
| B. | 189A |
| C. | 89A |
| D. | None of these |
| Answer» B. 189A | |
| 5. |
Mobile Money Identifier (MMID) is a 7 digit unique number issued by the bank. What are the last three digits represent? |
| A. | to identify the account of the user |
| B. | to identify the branch of the user |
| C. | to identify the bank of the user |
| D. | None of these |
| Answer» B. to identify the branch of the user | |
| 6. |
How many digits will be used to represent Universal Account Number ? |
| A. | 10 |
| B. | 11 |
| C. | 20 |
| D. | 12 |
| Answer» E. | |
| 7. |
. Which of the following combination is correct? |
| A. | IDBI : Short term loans |
| B. | RRB : Agricultural finance |
| C. | RBI : Long term finance |
| D. | NABARD : Industrial loans |
| Answer» C. RBI : Long term finance | |
| 8. |
Which of the following Indian Banks is not a nationalized bank? |
| A. | Vijaya Bank |
| B. | Dena Bank |
| C. | Federal Bank |
| D. | Corporation Bank |
| Answer» D. Corporation Bank | |
| 9. |
Green Banking Channel has been launched by |
| A. | SBI |
| B. | UTI |
| C. | RBI |
| D. | PNB |
| Answer» B. UTI | |
| 10. |
The RBI provides |
| A. | direct finance to agriculture |
| B. | refinance to agriculture |
| C. | direct short term finance to agriculture |
| D. | direct long term finance to agriculture |
| Answer» E. | |
| 11. |
The Central banking functions in India are performed by the |
| A. | Central Bank |
| B. | SBI |
| C. | RBI |
| D. | UTI |
| Answer» D. UTI | |
| 12. |
Which one of the following is a retail banking product? |
| A. | Infrastructure financing |
| B. | Working capital finance |
| C. | Home loans |
| D. | None of these |
| Answer» D. None of these | |
| 13. |
Where are the headquarters of World Bank Situated? |
| A. | Geneva |
| B. | New York |
| C. | Washington DC |
| D. | Manila |
| Answer» D. Manila | |
| 14. |
RRB is not established in which states? |
| A. | Nagaland |
| B. | Sikkim and Goa |
| C. | Bihar and Rajasthan |
| D. | Sikkim and Arunachal Pradesh |
| Answer» C. Bihar and Rajasthan | |
| 15. |
The rate at which banks lend to RBI is known as |
| A. | repo rate |
| B. | bank rate |
| C. | reverse repo rate |
| D. | interest rate |
| Answer» D. interest rate | |
| 16. |
The Central Co-operative Banks are in direct touch was |
| A. | state co-operative banks |
| B. | central government |
| C. | farmers |
| D. | land development banks |
| Answer» B. central government | |
| 17. |
Which among the following rural banks has been named after a river? |
| A. | Prathana Bank |
| B. | Varada Grameen Bank |
| C. | Thar Anchalik Grameen Bank |
| D. | Aravali Kshetriya Grameen Bank |
| Answer» C. Thar Anchalik Grameen Bank | |
| 18. |
Who was the first Indian Governor of the RBI? |
| A. | S. Mukherjee |
| B. | D. Subbarao |
| C. | Sachindra Ray |
| D. | Raghuram Rajan |
| Answer» D. Raghuram Rajan | |
| 19. |
Which of the following rate is not determined by RBI? |
| A. | CRR |
| B. | SLR |
| C. | Bank rate |
| D. | PLR |
| Answer» E. | |
| 20. |
Which of the following is not an affiliate of the RBI? |
| A. | Deposit Insurance Company |
| B. | Agricultural Refinance Corporation |
| C. | IDBI |
| D. | UTI |
| Answer» C. IDBI | |
| 21. |
When was Exim Bank set up? |
| A. | 1949 |
| B. | 1950 |
| C. | 1982 |
| D. | 1984 |
| Answer» D. 1984 | |
| 22. |
Which one of the following is not a 'Money Market Instrument'? |
| A. | Equity shares |
| B. | Certificate of Deposit |
| C. | Treasures bills |
| D. | Commercial paper |
| Answer» B. Certificate of Deposit | |
| 23. |
What is the animal on the insignia of the RBI? |
| A. | Elephant |
| B. | Tiger |
| C. | Panther |
| D. | Lion |
| Answer» C. Panther | |
| 24. |
The Reserve Bank of India was established on ____ and nationalized on ____ |
| A. | 31st March 1930, and 2nd October 1947 |
| B. | 2nd October 1947, and 26th January 1952 |
| C. | 1st April 1935 and 1st January 1949 |
| D. | 15th August 1942, and 15th August 1947 |
| Answer» D. 15th August 1942, and 15th August 1947 | |
| 25. |
Axis Bank is the new proposed name for |
| A. | ICICI Bank |
| B. | IDBI Bank |
| C. | UCO Bank |
| D. | UTI Bank |
| Answer» E. | |
| 26. |
Who is the present RBI Governor? |
| A. | YB. Reddy |
| B. | . Raghuram Rajan |
| C. | Urjit R. Patel |
| D. | D. Subbarao |
| Answer» D. D. Subbarao | |
| 27. |
FATCA stands for |
| A. | Foreign Account Tax Compliance Act |
| B. | Foreign Account Trade Company Act |
| C. | Financial Account Tax Compliance Act |
| D. | Fiscal Account Tax Compliance Act |
| Answer» B. Foreign Account Trade Company Act | |
| 28. |
The Majority shareholder in CRISIL is _________? |
| A. | Standard and Poors’ |
| B. | Fitch Ratings Inc. |
| C. | Moody’s |
| D. | Dun and Bradstreet |
| Answer» B. Fitch Ratings Inc. | |
| 29. |
The headquarter of ONICRA is _________. |
| A. | Mumbai |
| B. | Gurugram |
| C. | Hyderabad |
| D. | Noida |
| Answer» C. Hyderabad | |
| 30. |
Headquarters of HUDCO is in ____? |
| A. | Mumbai |
| B. | New Delhi |
| C. | Kolkata |
| D. | Bangalore |
| Answer» C. Kolkata | |
| 31. |
The first Indian RRB that achieved Core Banking Solution (CBS) in 2011 is ________? |
| A. | Pallavan Bank |
| B. | Rushikulya Gramya Bank (RGB) |
| C. | Allahabad UP Gramin Bank |
| D. | Bangiya Gramin Vikash Bank |
| Answer» C. Allahabad UP Gramin Bank | |
| 32. |
South Indian Bank has its headquarter in which state? |
| A. | Tamil Nadu |
| B. | Kerela |
| C. | Andhra Pradesh |
| D. | Karnataka |
| Answer» C. Andhra Pradesh | |
| 33. |
Which of the following regulates Credit Rating agencies in India? |
| A. | RBI |
| B. | NSE |
| C. | SEBI |
| D. | ICAI |
| Answer» D. ICAI | |
| 34. |
In which year was the Bank of Maharashtra established? |
| A. | 1937 |
| B. | 1935 |
| C. | 1934 |
| D. | 1949 |
| Answer» C. 1934 | |
| 35. |
The liberalization of Indian Banking and Regulation was done based on recommendation of _______? |
| A. | R Gandhi Committee |
| B. | Narasimham Committee |
| C. | Basel Committee |
| D. | Khusro Committee |
| Answer» C. Basel Committee | |
| 36. |
In April 1980, ____ banks were nationalized in India? |
| A. | 3 |
| B. | 5 |
| C. | 6 |
| D. | 7 |
| Answer» D. 7 | |
| 37. |
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a renewable insurance scheme. The upper age limit for this scheme is _______? |
| A. | 55 years |
| B. | 50 years |
| C. | 60 years |
| D. | 65 years |
| Answer» C. 60 years | |
| 38. |
What is the full form of CERSAI? |
| A. | Combined Registry of Securitization Asset Reconstruction and Security Interest |
| B. | Combined Registry of Securitization Agency Reconstruction and Security Interest |
| C. | Central Registry of Securitization Asset Reconstruction and Security Interest |
| D. | Central Registry of Securitization Agency Reconstruction and Security Interest |
| Answer» D. Central Registry of Securitization Agency Reconstruction and Security Interest | |
| 39. |
The headquarters of CARE is in _______? |
| A. | Mumbai |
| B. | New Delhi |
| C. | Noida |
| D. | Gurugram |
| Answer» B. New Delhi | |
| 40. |
UTI was founded in the year? |
| A. | 1964 |
| B. | 1965 |
| C. | 1955 |
| D. | 1959 |
| Answer» B. 1965 | |
| 41. |
Co-operative banks are regulated by the Reserve Bank of India under which act? |
| A. | Banking Regulation Act, 1949 |
| B. | Banking Laws (Application to Co-operative Societies) Act, 1965 |
| C. | Negotiable Instrument Act–1881 |
| D. | Both (A) and (B) |
| Answer» E. | |
| 42. |
Which of the following bank has its headquarters in Tamil Nadu? |
| A. | Dhanalakshmi Bank |
| B. | Karur Vysya Bank |
| C. | South Indian Bank |
| D. | Catholic Syrian Bank Ltd |
| Answer» C. South Indian Bank | |
| 43. |
Canara Bank and Corporation Bank have headquarters in _____ and _____ respectively. |
| A. | Bangalore, Mangalore |
| B. | Mangalore, New Delhi |
| C. | Both in Bangalore |
| D. | Both in Mangalore |
| Answer» B. Mangalore, New Delhi | |
| 44. |
What does the acronym IFCI mean? |
| A. | International Finance Corporation of India |
| B. | Industrial Finance Corporation of India |
| C. | Institute of Financial Consultants of India |
| D. | Industrial Finance Council of India |
| Answer» C. Institute of Financial Consultants of India | |
| 45. |
Which of the following scheme was formulated by RBI? |
| A. | Banking Ombudsman Scheme |
| B. | Jan Dhan Yojana |
| C. | MUDRA Bank Yojana |
| D. | Boutique Financing Scheme |
| Answer» B. Jan Dhan Yojana | |
| 46. |
Of the 11 companies that were given in-principle nod by the Reserve Bank of India (RBI) to set up payments banks in August, 2015, three have already dropped out. Which among the following company has dropped out? |
| A. | Airtel Money |
| B. | Tech Mahindra |
| C. | PayTm |
| D. | Vodafone mPesa |
| Answer» C. PayTm | |
| 47. |
How many banks were nationalized in India in the year 1969? |
| A. | 12 |
| B. | 29 |
| C. | 14 |
| D. | 6 |
| Answer» D. 6 | |
| 48. |
As per the provisions of which act all financial institutions have to maintain a record for all form of transactions? |
| A. | Companies Act, 1956 |
| B. | Credit Information (Companies Regulation Act, 2005) |
| C. | Information Technology Act, 2000 |
| D. | PMLA Act, 2002 |
| Answer» E. | |
| 49. |
What does the acronym ‘PMSBY’ mean? |
| A. | Pradhan Mantri Suraksha Bima Yojana |
| B. | Pradhan Mantri Surakshit Bharat Yojana |
| C. | Pradhan Mantri Sushil Bharat Yojana |
| D. | Pradhan Mantri Sukanya Bima Yojana |
| Answer» B. Pradhan Mantri Surakshit Bharat Yojana | |
| 50. |
The headquarters of Investment Information & Credit Rating Agency (ICRA) Limited is located in? |
| A. | Mumbai |
| B. | Gurugram |
| C. | Noida |
| D. | New Delhi |
| Answer» C. Noida | |