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. |
If any Indian bank fails to maintain the required level of SLR, then the defaulter bank pays penal interest at the rate of ______ per annum above the Bank Rate on the shortfall amount for that particular day. |
| A. | 4% |
| B. | 5% |
| C. | 2% |
| D. | 3% |
| Answer» E. | |
| 2. |
Which of the following is an example of Time Liability? |
| A. | Fixed Deposit |
| B. | Current Account |
| C. | Savings Account |
| D. | All of these |
| Answer» B. Current Account | |
| 3. |
Which of the following is an example of Demand Liability? |
| A. | Fixed Deposit |
| B. | Current Account |
| C. | Savings Account |
| D. | Both (C) and (B) |
| Answer» E. | |
| 4. |
If any Indian bank fails to maintain the required level of SLR, then it becomes liable to pay penalty to _______. |
| A. | Finance Ministry |
| B. | Bank Board Bureau |
| C. | GOI |
| D. | RBI |
| Answer» E. | |
| 5. |
Which of the following is determined by a percentage of total demand and time liabilities? |
| A. | CRR |
| B. | SLR |
| C. | MBS |
| D. | MCLR |
| Answer» C. MBS | |
| 6. |
Following the amendment of the Banking regulation Act(1949) in January 2017, the floor rate of SLR ______ was removed. |
| A. | 20.25 |
| B. | 20.50 |
| C. | 20.75 |
| D. | 21.25 |
| Answer» D. 21.25 | |
| 7. |
The minimum limit(Earlier Limit) of SLR is ______ |
| A. | 20% |
| B. | 25% |
| C. | 35% |
| D. | 40% |
| Answer» C. 35% | |
| 8. |
The SLR is commonly used to control ______ |
| A. | Deflation |
| B. | Inflation |
| C. | Credit Growth |
| D. | Both (B) and (C) |
| Answer» E. | |
| 9. |
Which of the following is the headquarters of Bank for International Settlements? |
| A. | Italy |
| B. | Germany |
| C. | Switzerland |
| D. | USA |
| Answer» D. USA | |
| 10. |
The IGST would roughly be equal to ______ |
| A. | CGST |
| B. | SGST |
| C. | (A) only |
| D. | Both (A) and (B) |
| Answer» E. | |
| 11. |
In case of inter-State transactions, the Centre would levy and collect the IGST on all inter-State supplies of goods and services under ______ of the Constitution. |
| A. | Article 269A (1) |
| B. | Article 270A (1) |
| C. | Article 279A (1) |
| D. | Article 259A (1) |
| Answer» B. Article 270A (1) | |
| 12. |
In IGST, “I” stands for _______ |
| A. | International |
| B. | Inter-State |
| C. | Integrated |
| D. | All of these |
| Answer» D. All of these | |
| 13. |
In case of Inter-State transactions, the Centre would levy and collect the _______ on all inter-State supplies of goods and services. |
| A. | CGST |
| B. | SGST |
| C. | IGST |
| D. | All of these |
| Answer» D. All of these | |
| 14. |
Which taxes at the State level are being subsumed into GST? |
| A. | Octroi and Entry tax |
| B. | Luxury tax |
| C. | Entertainment Tax |
| D. | All of these |
| Answer» E. | |
| 15. |
Which taxes at the Centre level are being subsumed into GST? |
| A. | Central Excise Duty |
| B. | Service Tax |
| C. | Additional Excise Duty |
| D. | All of these |
| Answer» E. | |
| 16. |
State Government holds _______ percent of shares in GSTN. |
| A. | 20.5% |
| B. | 24.5% |
| C. | 35.5% |
| D. | 40.5% |
| Answer» C. 35.5% | |
| 17. |
Central Government holds _______ percent of shares in GSTN. |
| A. | 20.5% |
| B. | 24.5% |
| C. | 35.5% |
| D. | 40.5% |
| Answer» C. 35.5% | |
| 18. |
Which of the following will be observed as GST Day? |
| A. | June 1 |
| B. | June 30 |
| C. | October 1 |
| D. | July 1 |
| Answer» E. | |
| 19. |
The known authorized capital of GSTN is _______ |
| A. | 1 Crore |
| B. | 5 Crore |
| C. | 10 Crore |
| D. | 20 Crore |
| Answer» D. 20 Crore | |
| 20. |
In BBPOU, “O” Stands for ____ |
| A. | Original |
| B. | Operating |
| C. | Operation |
| D. | On |
| Answer» C. Operation | |
| 21. |
In BBPCU, “C” stands for _______ |
| A. | Channel |
| B. | Central |
| C. | Crucial |
| D. | Centre |
| Answer» C. Crucial | |
| 22. |
In BBPS, “P” stands for _______ |
| A. | Payments |
| B. | Prompt |
| C. | Pay |
| D. | Pool |
| Answer» B. Prompt | |
| 23. |
In JLF, L stands for ______ |
| A. | Liability |
| B. | Loan |
| C. | Lender |
| D. | Lending |
| Answer» E. | |
| 24. |
In USSD, “U” Stands for ____ |
| A. | Universal |
| B. | Unstructured |
| C. | Unit |
| D. | Uniformed |
| Answer» C. Unit | |
| 25. |
In IFSC, “I” stands for _______ |
| A. | International |
| B. | Indian |
| C. | Identification |
| D. | Issuer |
| Answer» C. Identification | |
| 26. |
In BIS, “I” stands for _______ |
| A. | International |
| B. | Internal |
| C. | Identification |
| D. | Issuer |
| Answer» B. Internal | |
| 27. |
In AEPS, “E” stands for ______ |
| A. | External |
| B. | Export |
| C. | Earned |
| D. | Enabled |
| Answer» E. | |
| 28. |
In ASBA, “A” stands for ______ |
| A. | Address |
| B. | Audit |
| C. | Applications |
| D. | Applicants |
| Answer» D. Applicants | |
| 29. |
IIN Stands for _______ |
| A. | International Identification Number |
| B. | Institutional Identification Number |
| C. | Internal Identification Number |
| D. | Issuer Identification Number |
| Answer» E. | |
| 30. |
In CCP, “P” Stands for ____ |
| A. | Permanent |
| B. | Policy |
| C. | Personal |
| D. | Prompt |
| Answer» C. Personal | |
| 31. |
In PIN, “P” stands for _______ |
| A. | Permanent |
| B. | Previous |
| C. | Personal |
| D. | Prompt |
| Answer» D. Prompt | |
| 32. |
In MOTO, “M” stands for _______ |
| A. | Merge |
| B. | Multi |
| C. | |
| D. | Multiple |
| Answer» D. Multiple | |
| 33. |
In EMV, E stands for ______ |
| A. | External |
| B. | Exchange |
| C. | Earned |
| D. | Europay |
| Answer» E. | |
| 34. |
In UTR Number, “U” Stands for ____ |
| A. | Universal |
| B. | Unstructured |
| C. | Unique |
| D. | Uniformed |
| Answer» D. Uniformed | |
| 35. |
CCIL stands for _______ |
| A. | Clearing Council of India Limited |
| B. | Clearing Corporation of India Limited |
| C. | Clearing Centre of India Limited |
| D. | Clearing Company of India Limited |
| Answer» C. Clearing Centre of India Limited | |
| 36. |
In FPI, “P” stands for _______ |
| A. | Percent |
| B. | Profit |
| C. | Portfolio |
| D. | Prompt |
| Answer» D. Prompt | |
| 37. |
In CBLO, “L” stands for ______ |
| A. | Liability |
| B. | Loan |
| C. | Lender |
| D. | Lending |
| Answer» E. | |
| 38. |
In FEDAI, “E” stands for ______ |
| A. | External |
| B. | Exchange |
| C. | Earned |
| D. | Enabled |
| Answer» C. Earned | |
| 39. |
In FIMMDA, “I” stands for ______ |
| A. | International |
| B. | Identification |
| C. | Income |
| D. | Issuer |
| Answer» D. Issuer | |
| 40. |
In LTV, “L” Stands for ____ |
| A. | Lending |
| B. | Lender |
| C. | Loan |
| D. | Limit |
| Answer» D. Limit | |
| 41. |
In CDSL, “S” stands for _______ |
| A. | Securities |
| B. | Services |
| C. | Stock |
| D. | Subsidiary |
| Answer» C. Stock | |
| 42. |
In NSDL, “S” stands for _______ |
| A. | Securities |
| B. | Services |
| C. | Stock |
| D. | Subsidiary |
| Answer» B. Services | |
| 43. |
In SHCIL, S stands for ______ |
| A. | Subsidiary |
| B. | Securities |
| C. | Scheduled |
| D. | Stock |
| Answer» E. | |
| 44. |
In CSGL Account, “S” Stands for ____ |
| A. | Subsidiary |
| B. | Securities |
| C. | Scheduled |
| D. | Stock |
| Answer» B. Securities | |
| 45. |
In RNBC, R stands for _____ |
| A. | Real |
| B. | Risk |
| C. | Ratio |
| D. | Residuary |
| Answer» E. | |
| 46. |
In MGC, “M” stands for _______ |
| A. | Multi |
| B. | Mutual |
| C. | Mortgage |
| D. | Marketing |
| Answer» D. Marketing | |
| 47. |
In IC, “I” stands for ______ |
| A. | International |
| B. | Identification |
| C. | Investment |
| D. | Infrastructure |
| Answer» D. Infrastructure | |
| 48. |
In AFC, “A” stands for ______ |
| A. | Asset |
| B. | Adequacy |
| C. | Alternate |
| D. | Amount |
| Answer» B. Adequacy | |
| 49. |
In IFC, “I” stands for ______ |
| A. | International |
| B. | Identification |
| C. | Investment |
| D. | Infrastructure |
| Answer» E. | |
| 50. |
In PAN Card, If the fourth letter is P, then it denotes ______ |
| A. | Company |
| B. | Firm |
| C. | Individual |
| D. | Trust |
| Answer» D. Trust | |