MCQOPTIONS
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MCQOPTIONS
This section includes 160 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Business Administration (BBA) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Hull insurance is a type of |
| A. | Motor insurance |
| B. | Fire insurance |
| C. | Marine insurance |
| D. | Miscellaneous insurance |
| Answer» D. Miscellaneous insurance | |
| 2. |
Insurance is necessary because |
| A. | Assets depreciate over time and through usage |
| B. | Assets may be damaged by external causes |
| C. | Assets require regular maintenance |
| D. | None of the above |
| Answer» C. Assets require regular maintenance | |
| 3. |
Risk may be: |
| A. | objective |
| B. | subjective |
| C. | Both (a) and (b) |
| D. | None of the above |
| Answer» D. None of the above | |
| 4. |
A human being |
| A. | Is an economic asset |
| B. | Is an income earning asset |
| C. | Is a perishable asset |
| D. | All the above |
| Answer» E. | |
| 5. |
The amount of insurance depends on |
| A. | Peril |
| B. | The risk |
| C. | Neither the peril nor the risk |
| D. | Both the peril and the risk |
| Answer» E. | |
| 6. |
Freight insurance is under |
| A. | life insurance |
| B. | marine insurance |
| C. | fire insurance |
| D. | other miscellaneous |
| Answer» C. fire insurance | |
| 7. |
Risk may be |
| A. | Objective |
| B. | Subjective |
| C. | Both |
| D. | None |
| Answer» D. None | |
| 8. |
IDBI stand for |
| A. | International Debit Bank Incorporate |
| B. | Industrial Debit Bank of India |
| C. | Intensive Development Bank of India |
| D. | Industrial Development Bank of India |
| Answer» E. | |
| 9. |
Rediscounting and giving advance the central bank charges interest at a rate which is known as --------------. |
| A. | CRR |
| B. | SLR |
| C. | Bank rate |
| D. | Credit |
| Answer» D. Credit | |
| 10. |
Objective Risk is defined as the relative variation of |
| A. | Actual loss from expected loss |
| B. | Expected loss from actual loss |
| C. | Expected profit from actual loss |
| D. | Actual loss from expected profit |
| Answer» B. Expected loss from actual loss | |
| 11. |
What is bank rate? |
| A. | Rate at which a Central Bank lends money to Central Government |
| B. | Rate at which a Central Bank lends money to commercial banks |
| C. | Rate at which a Central Bank lends money to State Government |
| D. | Rate of Interest at which a Central Bank accepts deposits from Commercial Banks |
| Answer» C. Rate at which a Central Bank lends money to State Government | |
| 12. |
Uncertainty based on a person s mental condition or state of mind is |
| A. | Objective Risk |
| B. | Subjective Risk |
| C. | Both |
| D. | None of the Above |
| Answer» C. Both | |
| 13. |
Bank classifications according to law are |
| A. | Private Bank |
| B. | Scheduled bank |
| C. | Non-scheduled bank |
| D. | Both (b) and (c) |
| Answer» E. | |
| 14. |
The previous name of S.B.I which existed during the British rule was |
| A. | Bank of Bengal |
| B. | Bank of Calcutta |
| C. | Bank of Bombay |
| D. | Imperial Bank of India |
| Answer» D. Imperial Bank of India | |
| 15. |
Non-schedule Bank have a paid up capital and reserves of aggregate value of less than |
| A. | 2 lakhs |
| B. | 3 lakhs |
| C. | 4 lakhs |
| D. | 5 lakhs. |
| Answer» E. | |
| 16. |
What is Scheduled Bank in India? |
| A. | It is included in the 11 Schedule of Banking Regulation Act. |
| B. | It is Included in the 11 Schedule of Consitution. |
| C. | It is included in the 11 Schedule of Reserve Bank of India Act. |
| D. | None of these |
| Answer» D. None of these | |
| 17. |
The term Risk includes: |
| A. | Damage to machinery and property |
| B. | Impact on the health or life of a person |
| C. | Leakage of toxic products into the atmosphere |
| D. | all the above |
| Answer» E. | |
| 18. |
The term Risk includes: |
| A. | Damage to machinery and property |
| B. | Impact on the health of life of a person |
| C. | Leakage of toxic products in the atmosphere |
| D. | All of the above |
| Answer» E. | |
| 19. |
Life Insurance underwriting is mainly concerned with |
| A. | Age |
| B. | Health history |
| C. | Mortality |
| D. | Marital status |
| Answer» D. Marital status | |
| 20. |
Modern Banking in India originated during the |
| A. | 16th Century |
| B. | 18th Century |
| C. | 17th Century |
| D. | 19th Century |
| Answer» C. 17th Century | |
| 21. |
Cooperative banks has three-tier structure, at the top, there is |
| A. | Primary Credit Society |
| B. | Central Cooperative Bank |
| C. | State Cooperative Bank |
| D. | None of the above |
| Answer» D. None of the above | |
| 22. |
Cooperative Banks in India have a |
| A. | two-tier system |
| B. | three-tier system |
| C. | four-tier system |
| D. | five-tier system |
| Answer» C. four-tier system | |
| 23. |
Currency notes of Rupee 1 and its subsidiary coins are issued by the |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | Ministry of Finance, Government of India |
| D. | Securities and Exchange Board of India |
| Answer» D. Securities and Exchange Board of India | |
| 24. |
When a customer Deposits money with a bank, the customer becomes a |
| A. | Borrower |
| B. | Lender |
| C. | Agent |
| D. | Subsciber |
| Answer» C. Agent | |
| 25. |
Which type of deposits gives highest rate of interest? |
| A. | Current deposit |
| B. | Fixed deposit |
| C. | Recurring deposit |
| D. | None |
| Answer» C. Recurring deposit | |
| 26. |
Deposits mobilised by the banks are utilised for:i. loans and advancesii. investment in government and other approved securities in fulfilment of liquidity stipulationiii. investment in commercial paper, shares, debentures up to stipulated ceilings |
| A. | only (i) |
| B. | both (ii) and (iii) |
| C. | All the above |
| D. | None of the above |
| Answer» D. None of the above | |
| 27. |
Which of the following is known as a Savings Bank Account opened with a commercial bank with zero balance or very minimal balance? |
| A. | Current account |
| B. | No-frills account |
| C. | Fixed deposit account |
| D. | Recurring account |
| Answer» C. Fixed deposit account | |
| 28. |
Which bank has given the instructions to the commercial banks regarding the immediate credit of outstation cheque? |
| A. | RBI |
| B. | Central Bank |
| C. | World Bank |
| D. | All of the above |
| Answer» B. Central Bank | |
| 29. |
Imperial Bank was formed in ________ by the amalgamation of three presidency banks the Bank of Bengal, the Bank of Bombay, and the Bank of Madras: |
| A. | 1921 |
| B. | 1934 |
| C. | 1949 |
| D. | 1955 |
| Answer» B. 1934 | |
| 30. |
14th Major commercial banks were nationalized in 19th July |
| A. | 1959 |
| B. | 1969 |
| C. | 1979 |
| D. | 1989 |
| Answer» C. 1979 | |
| 31. |
In 1969 how many large banks of India does the government nationalized? |
| A. | 14 |
| B. | 20 |
| C. | 17 |
| D. | 8 |
| Answer» B. 20 | |
| 32. |
The 2nd nationalization of six private banks was made in the year: |
| A. | 1969 |
| B. | 1970 |
| C. | 1979 |
| D. | 1980 |
| Answer» E. | |
| 33. |
14 of the major private sector banks in India were nationalized in the year: |
| A. | 1969 |
| B. | 1970 |
| C. | 1979 |
| D. | 1980 |
| Answer» B. 1970 | |
| 34. |
The first Indian bank known as The bank of Hindustan was started in |
| A. | 1770 |
| B. | 1771 |
| C. | 1772 |
| D. | 1773 |
| Answer» B. 1771 | |
| 35. |
A co-operative bank is established for the interest of |
| A. | Members involved |
| B. | Public |
| C. | Lower status in the society |
| D. | Investors |
| Answer» B. Public | |
| 36. |
Public sector bank is a bank where the central government owned more than |
| A. | 60% shares |
| B. | 50% shares |
| C. | 25% shares |
| D. | 49% share |
| Answer» C. 25% shares | |
| 37. |
The Kisan credit card (KCC) is valid for normally a period of _____years subject to annual review |
| A. | 6 years |
| B. | 7 years |
| C. | 8 years |
| D. | 9 years |
| Answer» D. 9 years | |
| 38. |
If the account of a customer shows a credit balance, the banker will be: |
| A. | Creditor |
| B. | Debtor |
| C. | Debtor and Creditor |
| D. | None of the above |
| Answer» C. Debtor and Creditor | |
| 39. |
Maximum amount of interest can be procured from |
| A. | Savings/Demand Deposit A/c |
| B. | Recurring Deposit A/c |
| C. | Current A/c Deposit |
| D. | Fixed Deposit A/c |
| Answer» E. | |
| 40. |
Which bank deals with short-term credit |
| A. | Agricultural B |
| B. | Commercial B |
| C. | Industrial B |
| D. | None |
| Answer» C. Industrial B | |
| 41. |
Credit for the purchase of Farm equipment & machinery for agriculture operations |
| A. | Land purchase |
| B. | Farm mechanization |
| C. | Minor irrigation |
| D. | Land development |
| Answer» C. Minor irrigation | |
| 42. |
The credit policy of bank does not consists of? |
| A. | lending policies |
| B. | quality control |
| C. | loan product mix |
| D. | advertising of loan products |
| Answer» E. | |
| 43. |
The banker customer relationship in credit card payment is |
| A. | creditor-debtor |
| B. | debtor-creditor |
| C. | agent principle |
| D. | principle-agent |
| Answer» C. agent principle | |
| 44. |
In order to inject money into the economy, RBI |
| A. | Raises CRR |
| B. | Lowers CRR |
| C. | Raises SLR |
| D. | Sells in the open market |
| Answer» C. Raises SLR | |
| 45. |
________is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. |
| A. | Equated Monthly Instalment |
| B. | Primary Lending Rates |
| C. | Deposit Rates |
| D. | None of the above |
| Answer» B. Primary Lending Rates | |
| 46. |
Commercial Bank as the name suggest is a bank functioning for |
| A. | Social welfare |
| B. | Public interest |
| C. | Profit motive |
| D. | Growth of industry |
| Answer» D. Growth of industry | |
| 47. |
Interest on saving deposits is paid |
| A. | every month |
| B. | quarterly |
| C. | half yearly |
| D. | yearly |
| Answer» D. yearly | |
| 48. |
The Governor of the Reserve Bank of India currently is: |
| A. | Raghuram G. Rajan |
| B. | Urjit Patel |
| C. | Shaktikanta Das |
| D. | NirmalaSitharaman |
| Answer» D. NirmalaSitharaman | |
| 49. |
What is the most widely used tool of monetary policy? |
| A. | issuing of notes |
| B. | open market operations |
| C. | Discount rate |
| D. | none of these |
| Answer» C. Discount rate | |
| 50. |
Quantitative Credit control does not include: |
| A. | Bank rate |
| B. | RBI directives |
| C. | Cash reserve ratio |
| D. | Open market operations |
| Answer» C. Cash reserve ratio | |