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. |
The Headquarters of IBA located in _____ |
| A. | Chennai |
| B. | Bengaluru |
| C. | Hyderabad |
| D. | Mumbai |
| Answer» E. | |
| 2. |
Which of the following is a representative body of management of banking in India? |
| A. | NABARD |
| B. | IBBI |
| C. | IBA |
| D. | All of these |
| Answer» D. All of these | |
| 3. |
Which of the following is a type of charge created on an insurance policy? |
| A. | Pledge |
| B. | Hypothecation |
| C. | Assignment |
| D. | All of these |
| Answer» D. All of these | |
| 4. |
If a currency note is demonetized, then it takes away the which property of that particular currency. |
| A. | Value |
| B. | Exchange Rate |
| C. | Legal Tender Character |
| D. | All of these |
| Answer» D. All of these | |
| 5. |
Which of the following is an industry standards organisation in India in the mutual funds sector? |
| A. | ARCIL |
| B. | AMFI |
| C. | RBI |
| D. | IBA |
| Answer» C. RBI | |
| 6. |
If a bank is unable to refund the short term deposits as funds are locked in long term loans then it is known as _______ |
| A. | Credit Risk |
| B. | Market Risk |
| C. | Liquidity Risk |
| D. | Operational Risk |
| Answer» D. Operational Risk | |
| 7. |
How many VPAs can be added to BHIM? |
| A. | One |
| B. | Two |
| C. | Three |
| D. | Four |
| Answer» C. Three | |
| 8. |
A _____ is a unique identifier which you can use to send and receive money on UPI. |
| A. | Vertical Payment Address |
| B. | Virtual Payment Address |
| C. | Vertical Process Address |
| D. | Virtual Process Address |
| Answer» C. Vertical Process Address | |
| 9. |
What is a maximum limit to the amount of money that can be sent using BHIM? |
| A. | 18000 |
| B. | 15000 |
| C. | 20000 |
| D. | 25000 |
| Answer» D. 25000 | |
| 10. |
What is a maximum limit to the amount of money that can be sent using BHIM per transaction? |
| A. | 8000 |
| B. | 5000 |
| C. | 10000 |
| D. | 12000 |
| Answer» D. 12000 | |
| 11. |
How many digits are there in UPI Pin? |
| A. | 5 digits |
| B. | 4 digits |
| C. | 6 digits |
| D. | Either (B) or (C) |
| Answer» E. | |
| 12. |
In how many languages is BHIM app available? |
| A. | 10 |
| B. | 14 |
| C. | 12 |
| D. | 13 |
| Answer» D. 13 | |
| 13. |
Which of the following is/are only inputs required for a customer to do a transaction under AEPS? |
| A. | IIN |
| B. | Aadhaar Number |
| C. | Finger Print |
| D. | All of these |
| Answer» E. | |
| 14. |
The Term “Presumptions” is associated with _____ of Negotiable Instruments Act 1881. |
| A. | Section 123 |
| B. | Section 134 |
| C. | Section 136 |
| D. | Section 118 |
| Answer» E. | |
| 15. |
AFA Stands for ______ |
| A. | Additional Factor Authentication |
| B. | Additive Factor Authentication |
| C. | Audit Factor Authentication |
| D. | Alternate Factor Authentication |
| Answer» B. Additive Factor Authentication | |
| 16. |
PCA Stands for _______ |
| A. | Process Corrective Action |
| B. | Problem Corrective Action |
| C. | Product Corrective Action |
| D. | Prompt Corrective Action |
| Answer» E. | |
| 17. |
The upper limit per UPI transaction is __________. |
| A. | 10000 |
| B. | 20000 |
| C. | 50000 |
| D. | 1 lakh |
| Answer» E. | |
| 18. |
UPI-PIN (UPI Personal Identification Number) is a _____ passcode you create/set during first time registration with UPI App. |
| A. | 4-6 |
| B. | 2-5 |
| C. | 3-4 |
| D. | 2-4 |
| Answer» B. 2-5 | |
| 19. |
BHIM app has been named after? |
| A. | Subhash Chandra Bose |
| B. | Chandra Shekhar Azad |
| C. | Pandit Deen Dayal Upadhyaya |
| D. | Dr. B R Ambedkar |
| Answer» E. | |
| 20. |
UPI is built over the ______ infrastructure. |
| A. | NEFT |
| B. | RTGS |
| C. | IMPS |
| D. | All of these |
| Answer» D. All of these | |
| 21. |
BHIM is based on? |
| A. | BBPS |
| B. | AEPS |
| C. | UPI |
| D. | Either (A) or (B) |
| Answer» D. Either (A) or (B) | |
| 22. |
BHIM app is developed by? |
| A. | NPCI |
| B. | JUSPAY |
| C. | RBI |
| D. | Both (A) and (B) |
| Answer» E. | |
| 23. |
Is there a limit on the amount of money that can be received using BHIM? |
| A. | 5000 |
| B. | 1000 |
| C. | 10000 |
| D. | No limit |
| Answer» E. | |
| 24. |
BHIM users can send money by using which of the following details of the beneficiary? |
| A. | VPA |
| B. | Mobile Number |
| C. | Aadhaar Number |
| D. | All of these |
| Answer» E. | |
| 25. |
BHIM can be used also in ______ |
| A. | Nepal |
| B. | Bangladesh |
| C. | Pakistan |
| D. | None of these |
| Answer» E. | |
| 26. |
BHIM Stands for _______ |
| A. | Bharat Interface for Money |
| B. | Bharat Heavy Interface for Money |
| C. | Bharat Heavy Interface Money |
| D. | Bharat High Interface for Money |
| Answer» B. Bharat Heavy Interface for Money | |
| 27. |
The ________ of Reserve Bank of India Act, 1934 describes the legal tender character of Indian bank notes. |
| A. | Section 17 |
| B. | Section 18 |
| C. | Section 22 |
| D. | Section 26 |
| Answer» E. | |
| 28. |
The _______ of Reserve Bank of India Act, 1934 says that only RBI has the exclusive rights to issue currency notes in India. |
| A. | Section 17 |
| B. | Section 18 |
| C. | Section 22 |
| D. | Section 24 |
| Answer» D. Section 24 | |
| 29. |
Which of the following section of Reserve Bank of India Act, 1934 states the RBI must conduct the banking affairs for the central government and manage public debt? |
| A. | Section 17 |
| B. | Section 18 |
| C. | Section 22 |
| D. | Section 21 |
| Answer» E. | |
| 30. |
Which of the following section of Reserve Bank of India Act, 1934 deals with emergency loans to Banks? |
| A. | Section 17 |
| B. | Section 18 |
| C. | Section 22 |
| D. | Section 24 |
| Answer» C. Section 22 | |
| 31. |
Which of the following section of Reserve Bank of India Act, 1934 defines the business of RBI? |
| A. | Section 17 |
| B. | Section 18 |
| C. | Section 22 |
| D. | Section 24 |
| Answer» B. Section 18 | |
| 32. |
Section 4 of Negotiable Instruments Act, 1881 deals with _____ |
| A. | Bill of Exchange |
| B. | Cheque |
| C. | Promissory Note |
| D. | Negotiable Instruments |
| Answer» D. Negotiable Instruments | |
| 33. |
Which of the following section of Banking Regulation Act, 1949 deals with maintenance of a percentage of assets? |
| A. | Section 18 |
| B. | Section 21 |
| C. | Section 20 |
| D. | Section 24 |
| Answer» E. | |
| 34. |
Which of the following section of Banking Regulation Act, 1949 deals with restrictions on loans and advances? |
| A. | Section 18 |
| B. | Section 21 |
| C. | Section 20 |
| D. | Section 23 |
| Answer» D. Section 23 | |
| 35. |
Which of the following section of Banking Regulation Act, 1949 deals with licensing of banking companies? |
| A. | Section 18 |
| B. | Section 21 |
| C. | Section 22 |
| D. | Section 23 |
| Answer» D. Section 23 | |
| 36. |
Section 30 of Banking Regulation Act, 1949 deals with _______ |
| A. | Reserve Fund |
| B. | Cash Reserve |
| C. | Audit |
| D. | Assets in India |
| Answer» D. Assets in India | |
| 37. |
Section 25 of Banking Regulation Act, 1949 deals with _______ |
| A. | Reserve Fund |
| B. | Cash Reserve |
| C. | Audit |
| D. | Assets in India |
| Answer» E. | |
| 38. |
Section 18 of Banking Regulation Act, 1949 deals with _______ |
| A. | Reserve Fund |
| B. | Cash Reserve |
| C. | Audit |
| D. | Assets in India |
| Answer» C. Audit | |
| 39. |
Section 17 of Banking Regulation Act, 1949 deals with _______ |
| A. | Reserve Fund |
| B. | Reserve Fund |
| C. | Audit |
| D. | Assets in India |
| Answer» B. Reserve Fund | |
| 40. |
______ of Banking Regulation Act, 1949 deals with use of words “Banker”,”Bank”, “Banking” or “Banking Company” |
| A. | Section 6 |
| B. | Section 7 |
| C. | Section 8 |
| D. | Section 9 |
| Answer» C. Section 8 | |
| 41. |
______ of Banking Regulation Act, 1949 deals with prohibition of trading. |
| A. | Section 6 |
| B. | Section 7 |
| C. | Section 8 |
| D. | Section 9 |
| Answer» D. Section 9 | |
| 42. |
______ of Banking Regulation Act, 1949 deals with disposal of non-banking assets. |
| A. | Section 6 |
| B. | Section 7 |
| C. | Section 8 |
| D. | Section 9 |
| Answer» E. | |
| 43. |
“A” in QSAM refers to ______ |
| A. | Advanced |
| B. | Additional |
| C. | Aadhaar |
| D. | All of these |
| Answer» D. All of these | |
| 44. |
“P” in NUUP stands for _____ |
| A. | Platform |
| B. | Product |
| C. | Program |
| D. | All of these |
| Answer» B. Product | |
| 45. |
Which of the following is the channel for transferring funds using UPI? |
| A. | Account Number + IFSC |
| B. | Mobile Number + MMID |
| C. | Aadhaar Number |
| D. | All of these |
| Answer» E. | |
| 46. |
Which is an innovative real-time payment service that is available round the clock? |
| A. | NEFT |
| B. | RTGS |
| C. | IMPS |
| D. | All of these |
| Answer» D. All of these | |
| 47. |
Which of the following functions as the authorized Bharat Bill Payment Central Unit(BBPCU)? |
| A. | RBI |
| B. | NABARD |
| C. | SEBI |
| D. | NPCI |
| Answer» E. | |
| 48. |
NPCI has been incorporated as a company under ________Companies Act. and is aimed to operate for the benefit of all the member banks and their customers. |
| A. | Section 25 |
| B. | Section 27 |
| C. | Section 28 |
| D. | Section 29 |
| Answer» B. Section 27 | |
| 49. |
Section 13 of Negotiable Instruments Act, 1881 deals with _______ |
| A. | Reserve Fund |
| B. | Cheque |
| C. | Negotiable Instruments |
| D. | Promissory Note |
| Answer» D. Promissory Note | |
| 50. |
______ of Negotiable Instruments Act, 1881 deals with Cheque. |
| A. | Section 5 |
| B. | Section 6 |
| C. | Section 7 |
| D. | Section 9 |
| Answer» C. Section 7 | |