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 Bank of Maharashtra is in Pune. Where is the head office of Andhra Bank? |
| A. | Hyderabad |
| B. | Bangalore |
| C. | Manipal |
| D. | Mangalore |
| Answer» B. Bangalore | |
| 2. |
Which of the following was implemented by National Payments Corporation of India (NPCI) for Banks, Financial Institutions, and Corporate Houses etc? |
| A. | National Automated Clearing House (NACH) |
| B. | National Automatic Clearing House (NACH) |
| C. | National Automated Cleared House (NACH) |
| D. | National Automatic Cleared House (NACH) |
| Answer» B. National Automatic Clearing House (NACH) | |
| 3. |
Co-operative banks which work at a metropolitan level are called as? |
| A. | District Central Co-operative Bank |
| B. | State Co-operative Bank |
| C. | Primary Urban Co-operative Bank |
| D. | Primary Agricultural Credit Societies |
| Answer» D. Primary Agricultural Credit Societies | |
| 4. |
Which of the following banks is ready to acquire Micro finance Grama Vidiyal? |
| A. | Bandhan Bank |
| B. | IDFC Bank |
| C. | Kotak Mahindra Bank |
| D. | HDFC Bank |
| Answer» C. Kotak Mahindra Bank | |
| 5. |
When was IDBI transformed into commercial bank from Developmental Financial Institution? |
| A. | 2004 |
| B. | 2005 |
| C. | 1964 |
| D. | 1980 |
| Answer» B. 2005 | |
| 6. |
Among the following, which is not a subsidiary of RBI? |
| A. | NHB |
| B. | NABARD |
| C. | DICGC |
| D. | IDBI |
| Answer» E. | |
| 7. |
Reserve Bank of India (RBI) recently granted an in-principle license to ________ entities for setting up small finance banks. |
| A. | 11 |
| B. | 10 |
| C. | 12 |
| D. | 2 |
| Answer» C. 12 | |
| 8. |
In which year were the Subsidiaries of SBI nationalized? |
| A. | 1955 |
| B. | 1949 |
| C. | 1959 |
| D. | 1969 |
| Answer» D. 1969 | |
| 9. |
Which of the following Act refers to the acquisition and transfer of the undertakings of certain banking companies? |
| A. | Companies Act, 1956 |
| B. | Credit Information (Companies Regulation Act, 2005) |
| C. | Banking Companies (acquisition and transfer of undertakings), 1970 |
| D. | Banking Regulation Act, 1949 |
| Answer» D. Banking Regulation Act, 1949 | |
| 10. |
Which of the following schemes aims at creating 300 rural clusters across India to strengthen financial, job and lifestyle facilities in rural areas? |
| A. | Shyama Prasad Mukherji Rurban Mission |
| B. | Standup India |
| C. | Deen Dayal Upadhyaya Grameen Kaushalya Yojana |
| D. | Skill India |
| Answer» B. Standup India | |
| 11. |
SMERA has been registered under which act? |
| A. | Securities and Exchange Board of India Act, 1992 |
| B. | Reserve Bank of India Act, 1934 |
| C. | Banking Regulation Act, 1949 |
| D. | Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 |
| Answer» E. | |
| 12. |
The Headquarters of National Payments Corporation of India (NPCI) is in _______? |
| A. | New Delhi |
| B. | Mumbai |
| C. | Hyderabad |
| D. | Chennai |
| Answer» C. Hyderabad | |
| 13. |
Which one of the apex bodies regulates the cooperative banks in India? |
| A. | NABARD |
| B. | RBI |
| C. | Sponsor Banks |
| D. | Both A and B |
| Answer» C. Sponsor Banks | |
| 14. |
The newest private sector bank, Bandhan Bank has announced that it targets 180 new branches by March 2017. Who is the MD and CEO of Bandhan Bank? |
| A. | Vijay Shekhar Sharma |
| B. | Chandra Shekhar Ghosh |
| C. | Melwyn Rego |
| D. | Kishor Kharat |
| Answer» C. Melwyn Rego | |
| 15. |
Bhartiya Mahila Bank was founded in the year ____? |
| A. | 2012 |
| B. | 2013 |
| C. | 2014 |
| D. | 2011 |
| Answer» C. 2014 | |
| 16. |
EXIM bank was established in the year? |
| A. | 1957 |
| B. | 1992 |
| C. | 1982 |
| D. | 1981 |
| Answer» D. 1981 | |
| 17. |
Unit Banking system originated in which country? |
| A. | USA |
| B. | France |
| C. | India |
| D. | England |
| Answer» B. France | |
| 18. |
Which of the following is true about the functions performed by RBI? (i) It is the Bank of Issue (ii) It acts as banker to the Government (iii) It is the banker of other banks (iv) It regulates the flow of credit |
| A. | Both (i) and (ii) |
| B. | Both (iii) and (iv) |
| C. | All the above |
| D. | None of the above |
| Answer» D. None of the above | |
| 19. |
What is the full-form of NBFC? |
| A. | Non-Bank Financial Competition |
| B. | Non-Bank Foreign Company |
| C. | Non-Banking Financial Company |
| D. | Non-Banking Finance Corporation |
| Answer» D. Non-Banking Finance Corporation | |
| 20. |
Imperial Bank of India was nationalized in which year? |
| A. | 1945 |
| B. | 1955 |
| C. | 1949 |
| D. | 1965 |
| Answer» C. 1949 | |
| 21. |
Which of the following was/were established under the Recovery of Debts Due to Banks and Financial Institutions Act (RDDBFI Act), 1993? |
| A. | DRTs |
| B. | DRATs |
| C. | Both (A) and (B) |
| D. | None of the Above |
| Answer» D. None of the Above | |
| 22. |
Sukanya Samriddhi Yojana was launched in which year? |
| A. | 2016 |
| B. | 2015 |
| C. | 2014 |
| D. | 2013 |
| Answer» C. 2014 | |
| 23. |
SMERA is a joint initiative between ______? |
| A. | SIDBI & Leading Public Sector Banks |
| B. | Dun & Bradstreet Information Services India Private Limited (D&B) & Leading Private Banks |
| C. | RBI & SEBI |
| D. | Both (A) and (B) |
| Answer» E. | |
| 24. |
The headquarters of PFRDA are located at? |
| A. | New Delhi |
| B. | Mumbai |
| C. | Chennai |
| D. | Kolkata |
| Answer» B. Mumbai | |
| 25. |
Earliest known cooperative credit union ‘Anyonya Sahakari Mandali’ was founded in which year? |
| A. | 1889 |
| B. | 1965 |
| C. | 1912 |
| D. | 1770 |
| Answer» B. 1965 | |
| 26. |
Which is the first bank in India to integrate the Masterpass QR Mobile Payment solution? |
| A. | HDFC |
| B. | DCB |
| C. | RBL |
| D. | ICICI |
| Answer» D. ICICI | |
| 27. |
Among the following, which type of banking system works on the principles of 'sharia'? |
| A. | Corporate Banking System |
| B. | Shadow Banking |
| C. | Islamic Banking |
| D. | Payments Bank System |
| Answer» D. Payments Bank System | |
| 28. |
What is the share of Foreign Banks in total branch network in India? |
| A. | Less than 1% |
| B. | More than 5% |
| C. | Around 4% |
| D. | Around 3.2 % |
| Answer» B. More than 5% | |
| 29. |
What was the State Bank of India called before it was created through SBI Act? |
| A. | Bank of Hindustan |
| B. | Bank of Madras |
| C. | Imperial Bank of India |
| D. | Imperial Bank of Calcutta |
| Answer» E. | |
| 30. |
Which act allows banks and other financial institution to auction residential or commercial properties to recover loans? |
| A. | Industrial Disputes Act 1947 |
| B. | Foreign Exchange Management Act, 1999 |
| C. | Banking Regulation Act, 1949 |
| D. | SARFAESI Act, 2002 |
| Answer» E. | |
| 31. |
Which of the following schemes was replaced by Atal Pension Yojana (APY) in June 2015? |
| A. | Swabhiman Yojana |
| B. | Swavalamban Yojana |
| C. | National Pension System |
| D. | Antyodaya Yojna |
| Answer» C. National Pension System | |
| 32. |
Which is a full service credit rating agency exclusively set up for micro, small and medium enterprises? |
| A. | SMERA |
| B. | ICRA |
| C. | ONICRA |
| D. | CRISIL |
| Answer» B. ICRA | |
| 33. |
What is the full form of CBEC? |
| A. | Central Board of Excise and Customs |
| B. | Central Bureau of Excise and Customs |
| C. | Customs Bureau and Excise Council |
| D. | Control Board for Excise and Customs |
| Answer» B. Central Bureau of Excise and Customs | |
| 34. |
All banks registered under the ___________ are considered co-operative banks. |
| A. | Banking Regulation Act 1949 |
| B. | The Bankers’ Books Evidence Act–1891 |
| C. | Cooperative Societies Act, 1912 |
| D. | Both (A) and (C) |
| Answer» D. Both (A) and (C) | |
| 35. |
Which bank has become the first private sector bank to sell Indian gold coins? |
| A. | Dhanlaxmi Bank |
| B. | Federal Bank |
| C. | Karur Vysya Bank |
| D. | ICICI Bank |
| Answer» C. Karur Vysya Bank | |
| 36. |
RBI has imposed a fine of Rs. 1 crore on which of the following banks for flouting bill discounting norms? |
| A. | Syndicate Bank |
| B. | United Bank of India |
| C. | Indian Overseas Bank |
| D. | UCO Bank |
| Answer» E. | |
| 37. |
Referring to various types of banking, 'Mixed banking' is ________? |
| A. | Banking system that combines commercial and investment banking |
| B. | Banking system that combines virtual and branch banking |
| C. | Banking system that combines retail and wholesale banking |
| D. | Banking system that combines offline and relationship banking |
| Answer» B. Banking system that combines virtual and branch banking | |
| 38. |
Who insures banks in India? |
| A. | IRDA |
| B. | EXIM |
| C. | DICGC |
| D. | ECGC |
| Answer» D. ECGC | |
| 39. |
Which of the following was the first Indian bank to open a branch on foreign soil? |
| A. | Bank of Baroda |
| B. | Bank of India |
| C. | Punjab National Bank |
| D. | Bank of Allahabad |
| Answer» C. Punjab National Bank | |
| 40. |
Which of the following is the clearing agency for Government securities? |
| A. | GOI |
| B. | RBI |
| C. | CCIL |
| D. | SEBI |
| Answer» D. SEBI | |
| 41. |
RBI has launched new restructuring tool ‘S4A’ to raise banks’ moral hazard risk. S4A stands for _______? |
| A. | Scheme for Systematic Structuring of Stressed Assets |
| B. | Scheme for Sustainable Structuring of Stressed Assets |
| C. | Scheme for Sustainable Structuring of Scholastic Assets |
| D. | Scheme for Sustainable Strength of Stressed Assets |
| Answer» C. Scheme for Sustainable Structuring of Scholastic Assets | |
| 42. |
A Credit Bureau is governed by which of the following act? |
| A. | Securities and Exchange Board of India Act, 1992 |
| B. | Reserve Bank of India Act, 1934 |
| C. | Credit Information Companies (Regulation) Act of 2005 |
| D. | Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 |
| Answer» D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 | |
| 43. |
Who is the present chairman of CBDT India (2016)? |
| A. | Sushil Chandra |
| B. | Rani Singh Nair |
| C. | Atulesh Jindal |
| D. | A. K. Jain |
| Answer» B. Rani Singh Nair | |
| 44. |
Which bank has secured four awards for inclusive insurance in 2016 from Skoch Group? |
| A. | Karnataka Vikas Grameen Bank |
| B. | Telangana Grameen Vikas Bank |
| C. | Prathama Gramin Bank |
| D. | Vidarbha Konkan Gramin Bank |
| Answer» B. Telangana Grameen Vikas Bank | |
| 45. |
Which private bank was earlier known as The Kumbakonam Bank Limited? |
| A. | Tamilnad Mercantile Bank |
| B. | Federal Bank |
| C. | South Indian Bank |
| D. | City Union Bank |
| Answer» E. | |
| 46. |
Which among the following acquired the United Western Bank in the year 2006? |
| A. | IDBI |
| B. | Union Bank of India |
| C. | State Bank of India |
| D. | Allahabad Bank |
| Answer» B. Union Bank of India | |
| 47. |
Agricultural Bank of China is one of the 'big four' banks in China. Which bank is Apex body India for Agricultural Development? |
| A. | RRB |
| B. | NHB |
| C. | NABARD |
| D. | RBI |
| Answer» D. RBI | |
| 48. |
Which type of banking system focuses on expansion through branches? |
| A. | Internet Banking |
| B. | Unit Banking |
| C. | Branch Banking |
| D. | Consumer Banking |
| Answer» D. Consumer Banking | |
| 49. |
How many developments banks are there in India? |
| A. | 5 |
| B. | 6 |
| C. | 7 |
| D. | 8 |
| Answer» C. 7 | |
| 50. |
In which year was The Banking Regulation Act passed in India? |
| A. | 1947 |
| B. | 1935 |
| C. | 1949 |
| D. | 1965 |
| Answer» D. 1965 | |