MCQOPTIONS
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MCQOPTIONS
This section includes 1347 Mcqs, each offering curated multiple-choice questions to sharpen your Banking And Financial Awareness knowledge and support exam preparation. Choose a topic below to get started.
| 801. |
CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on the recommendations of: |
| A. | Narashimham Committee |
| B. | Ghosh Committee |
| C. | Chore Committee |
| D. | Kapoor Committee |
| Answer» E. | |
| 802. |
The primary relationship between the banker and the customer is that of: |
| A. | Trustee and beneficiary |
| B. | Debtor and Creditor |
| C. | Principal and agent |
| D. | Lesser and lessee |
| Answer» C. Principal and agent | |
| 803. |
Which of the following is true about "White Card"? |
| A. | It is related to companies producing milk products |
| B. | It does not carry on its face, the brand of the issuer |
| C. | It is meant to covert blank money into the economy |
| D. | It is a card that provides white money |
| Answer» C. It is meant to covert blank money into the economy | |
| 804. |
Usually, the validity period of an Income Tax Refund Order is: |
| A. | 1 month |
| B. | 2 months |
| C. | 3 months |
| D. | 6 months |
| Answer» D. 6 months | |
| 805. |
Under which of the following methods of depreciation, amount of depreciation varies every year? |
| A. | Written Down Value Method |
| B. | Straight Line Method |
| C. | Amount of depreciation does not vary on year to year basis |
| D. | Either a or b |
| Answer» B. Straight Line Method | |
| 806. |
The biggest international financial centre in the world: |
| A. | Frankfurt |
| B. | Geneva |
| C. | London |
| D. | New York |
| Answer» D. New York | |
| 807. |
What is Yield Curve Risk? |
| A. | It is a line of graph plotting the yield of all maturities of a particular instrument |
| B. | Yield curve changes its slope and shape from time to time |
| C. | Yield curve can be twisted to the desired direction through the intervention of RBI |
| D. | All of the above |
| Answer» E. | |
| 808. |
Mutual funds are required to be registered with: |
| A. | AMFI |
| B. | SEBI |
| C. | IBA |
| D. | RBI |
| Answer» C. IBA | |
| 809. |
Head office of Bank of Maharashtra is located at ________. |
| A. | New Delhi |
| B. | Bhopal |
| C. | Pune |
| D. | Mumbai |
| Answer» D. Mumbai | |
| 810. |
Which one is not the Government Securities ? |
| A. | T- Bill. |
| B. | Floating rate Bonds |
| C. | Dated Securities |
| D. | Call/Put Option Bonds. |
| Answer» B. Floating rate Bonds | |
| 811. |
Microcredit is defined as _____. |
| A. | It is the small credit given to poor. |
| B. | It is the instalment given by Farmers against Loan |
| C. | It is the amount given by Govt. for Small Industries Development. |
| D. | None of these |
| Answer» B. It is the instalment given by Farmers against Loan | |
| 812. |
In India, main Products of Retail Banking are ________. |
| A. | Loan products |
| B. | Card Products |
| C. | Deposit Products |
| D. | All of these |
| Answer» E. | |
| 813. |
__________ was appointed by PM in July 2012 to look into taxation of IT sector. |
| A. | Rangachary committee |
| B. | Bimal Jalan Committee |
| C. | C N R Rao Committee |
| D. | Damodran Committee |
| Answer» D. Damodran Committee | |
| 814. |
In which year India become a member of Financial Action Task Force ? |
| A. | 1978 |
| B. | 2000 |
| C. | 2010 |
| D. | 1994 |
| Answer» D. 1994 | |
| 815. |
Which statement is not correct about Capital Adequacy Ratio ? |
| A. | It is a thermometer of Bank’s Health. |
| B. | It is the ratio of its Capital to its Risk. |
| C. | It can indicate the Capacity of the Bank’s ability to absorb the possible losses. |
| D. | A good CAR makes vulnerable to the Depositors and lose faith in the banking system. |
| Answer» E. | |
| 816. |
Which country did not participated in the 44th World Economic Forum ? |
| A. | India |
| B. | Israel |
| C. | Iran |
| D. | None of these |
| Answer» E. | |
| 817. |
Computer Emergency Response Team India comes under ___________. |
| A. | Ministry of Communications and Information Technology |
| B. | Ministry of Commerce. |
| C. | RBI |
| D. | Department of Information & Technology. |
| Answer» B. Ministry of Commerce. | |
| 818. |
Cryptocurrency is a _______ . |
| A. | Plastic Money. |
| B. | Digital Medium of Exchange |
| C. | Digital payment |
| D. | Both A & B |
| Answer» C. Digital payment | |
| 819. |
In India, it is necessary to have license from the RBI for opening a new branch. This is a requirement under ____ Act |
| A. | Section 22 of banking Regulation Act |
| B. | Section 22 of RBI Act |
| C. | Section 22 of NABARD |
| D. | KYC Guidelines by RBI |
| Answer» B. Section 22 of RBI Act | |
| 820. |
Every Banking company is required to use the word Bank in its name and no company other than a Banking company can use the words Bank, Banker or Banking as a part of its name as per: |
| A. | Section 7 of Banking Regulation Act |
| B. | Section 7 of RBI Act |
| C. | Section 7 of SEBI Act |
| D. | Section 7 of Nationalization Act |
| Answer» B. Section 7 of RBI Act | |
| 821. |
Minimum cash reserves fixed by law constitute _ |
| A. | A percentage of aggregate deposits of the bank |
| B. | A percentage of aggregate loans and advances of the bank |
| C. | A percentage of capital & reserves of the bank |
| D. | None of these |
| Answer» B. A percentage of aggregate loans and advances of the bank | |
| 822. |
Liability- side of the balance-sheet comprises: |
| A. | Capital and reserve |
| B. | Long-term liabilities |
| C. | Current liabilities |
| D. | All of the above |
| Answer» E. | |
| 823. |
Which of the following is not a function of General Insurance? |
| A. | Cattle Insurance |
| B. | Crop Insurance |
| C. | Fire Insurance |
| D. | Medical Insurance |
| Answer» E. | |
| 824. |
"Sub Prime lending" is a term applied to the loans made to~! |
| A. | Those borrows who do not have a good credit history |
| B. | Those who wish top take loan against the mortgage of tangible assets |
| C. | Those who have a good credit history and are know to bank since 10 years |
| D. | Those borrowers who are most preferred customers of the bank |
| Answer» B. Those who wish top take loan against the mortgage of tangible assets | |
| 825. |
The SecuritisationAnd Reconstruction of Financial Assets and Enforcement of Security Interests Act (SARFAESI Act) at present, is not applicable to~! |
| A. | Public Sector Banks |
| B. | Financial Institutes of the Govt. |
| C. | Private Banks |
| D. | Non Banking Financial Companies |
| Answer» E. | |
| 826. |
Minimum cash reserves fixed by law constitute ___%! |
| A. | A percentage of aggregate deposits of the bank |
| B. | A percentage of aggregate loans and advances of the bank |
| C. | A percentage of capital & reserves of the bank |
| D. | None of these |
| Answer» B. A percentage of aggregate loans and advances of the bank | |
| 827. |
On march 1,1992, Reserve Bank of India announced a new system of exchange rates known as%! |
| A. | Partial convertibility |
| B. | Liberalized exchange rate system |
| C. | Both A and B |
| D. | None of these |
| Answer» D. None of these | |
| 828. |
The one-rupee note bears the signature of ____________.%! |
| A. | RBI Governor |
| B. | Deputy Governor |
| C. | Finance Secretary |
| D. | Finance Minister |
| Answer» D. Finance Minister | |
| 829. |
What is international banking?%! |
| A. | Providing of variety of financial services to the customers who are living outside their home country |
| B. | Providing of financial services to the customers who are living in home country |
| C. | Banking between two countries |
| D. | All of the above |
| Answer» B. Providing of financial services to the customers who are living in home country | |
| 830. |
What do you mean by home banking?%! |
| A. | Home banking is an extended version of tele banking. |
| B. | in home banking the customer is able to access his personal account from his home for availing a variety of services which is made available. |
| C. | home banking is availed through the customer’s personal computer attached to a telephone line and modem |
| D. | All of the above |
| Answer» E. | |
| 831. |
The drawer of a cheque is always a%! |
| A. | Bank |
| B. | Company |
| C. | Firm |
| D. | Customer |
| Answer» E. | |
| 832. |
Insurance business in India is regulated by%! |
| A. | Life Insurance Corporation of India |
| B. | Reserve Bank of India |
| C. | Insurance Regulatory and Development Authority (IRDA) |
| D. | SEBI |
| Answer» D. SEBI | |
| 833. |
Reserve bank of India, in regard to RTGS, has decided that%! |
| A. | There would be accessible to all retail customers. |
| B. | There would be no floor ceiling for routing transactions through RTGS |
| C. | Settlement of transactions of the clearing corporations of India and the stock market would be conducted through RTGS. |
| D. | All of the above |
| Answer» E. | |
| 834. |
Enumerate the main functions of a banker as per banking regulations act. 1949?%! |
| A. | Accepting deposit of money |
| B. | Advancing of loans |
| C. | Issuance of letters of credits |
| D. | Above all |
| Answer» E. | |
| 835. |
Which of the following is true about "White Card"?%! |
| A. | It is related to companies producing milk products |
| B. | It does not carry on its face, the brand of the issuer |
| C. | It is meant to covert blank money into the economy |
| D. | It is a card that provides white money |
| Answer» C. It is meant to covert blank money into the economy | |
| 836. |
A debt becomes time-barred after:%! |
| A. | One year |
| B. | Two and a half year |
| C. | Three years |
| D. | Five years |
| Answer» D. Five years | |
| 837. |
A Usance Bill when presented for acceptance has to be accepted/ dishonoured within:%! |
| A. | 24 hours |
| B. | 36 hours |
| C. | 48 hours |
| D. | 60 hours |
| Answer» D. 60 hours | |
| 838. |
"Claused Bill of Landing" is one which indicates:%! |
| A. | Remaining constant in project cost |
| B. | Decrease in Project Cost |
| C. | Escalation in Project Cost |
| D. | None of the above |
| Answer» D. None of the above | |
| 839. |
0-second paperless instant loan Scheme for its existing customers and Project Tatkal home loans application process within 10 days are launch by which of these banks respectively%! |
| A. | ICICI and HDFC |
| B. | SBI and ICICI |
| C. | BOI and SBI |
| D. | HDFC and SBI |
| Answer» E. | |
| 840. |
Sales above Break even point is called ___%! |
| A. | Margin of Safety |
| B. | Gross Profit |
| C. | Net profit |
| D. | b & c |
| Answer» B. Gross Profit | |
| 841. |
Many times we read a term CBS used in banking operation. What is the full form of the letter ‘S’ in the term ‘CBS’?%! |
| A. | Systematic |
| B. | Super |
| C. | Support |
| D. | Solution |
| Answer» E. | |
| 842. |
The Securitization And Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) meant for recovery of loans which have become NPAis not applicable to:%! |
| A. | Private Banks |
| B. | Non – Banking Financial Companies |
| C. | Financial Institutes of the Govt. |
| D. | Public Sector banks |
| Answer» C. Financial Institutes of the Govt. | |
| 843. |
"Doing business report" published by%! |
| A. | World Bank |
| B. | IMF |
| C. | ADB |
| D. | WTO |
| Answer» B. IMF | |
| 844. |
Reserve Bank of India was setup on the recommendations of which of the following commission/committee?%! |
| A. | Royal Commission |
| B. | Hilton Young Commission |
| C. | Dantwala Committee |
| D. | D R Mehta Commission |
| Answer» C. Dantwala Committee | |
| 845. |
"De–Mat" account is regulated by%! |
| A. | RBI |
| B. | SBI |
| C. | IRDA |
| D. | SEBI |
| Answer» E. | |
| 846. |
Which of the following is the Regulator of the credit rating agencies in India?%! |
| A. | RBI |
| B. | SBI |
| C. | SIDBI |
| D. | SEBI |
| Answer» E. | |
| 847. |
Life span of Rs. 10 notes are%! |
| A. | 10-15 months |
| B. | 16-19 months |
| C. | 10-18 months |
| D. | 20-25 months |
| Answer» E. | |
| 848. |
Which of the following states became the first state in the country to launch RBI√¢ÔøΩÔøΩs e-payment system for commercial tax payers?%! |
| A. | Andhra Pradesh |
| B. | Karnataka |
| C. | Kerala |
| D. | Maharashtra |
| Answer» C. Kerala | |
| 849. |
Which of the following is true about "White Card"?%! |
| A. | It is related to companies producing milk products |
| B. | It does not carry on its face, the brand of the issuer |
| C. | It is meant to covert blank money into the economy |
| D. | It is a card that provides white money |
| Answer» C. It is meant to covert blank money into the economy | |
| 850. |
Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related to which of the following industries/ markets?%! |
| A. | Capital Market |
| B. | Banking industry |
| C. | Commodities market |
| D. | Money Market |
| Answer» C. Commodities market | |