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.
| 51. |
Which of the following fall under the qualitative method of credit control adopted by RBI? |
| A. | elective credit control |
| B. | oral suasion |
| C. | redit authorization scheme |
| D. | ll of the above |
| Answer» E. | |
| 52. |
In the case of advances against fixed deposits receipts of the bank |
| A. | eposit represented by the receipt is assigned to the bank |
| B. | eposit receipt is pledged to the bank |
| C. | eposit receipt is hypothecated to the bank |
| D. | lien is created on the deposit receipts in favour of the bank |
| Answer» E. | |
| 53. |
DICGC is the wholly owned subsidiary of? |
| A. | BI |
| B. | ABARD |
| C. | nion Government |
| D. | BI |
| Answer» E. | |
| 54. |
Each depositor in a bank is insured up to a maximum of ....... by Deposit Insurance and Credit Guarantee Corporation (DICGC)? |
| A. | s. 2 lakh |
| B. | s.3 lakh |
| C. | s.5 lakh |
| D. | s.1 lakh |
| Answer» E. | |
| 55. |
The Deposit Insurance Act came in to force in on 1st January |
| A. | 954 |
| B. | 948 |
| C. | 979 |
| D. | 962 |
| Answer» E. | |
| 56. |
Which committee first time in India supported the concept of Insuring Deposits? |
| A. | ural Banking Deposit Committee |
| B. | rban Banking Enquiry Committee |
| C. | ural Banking Enquiry Committee |
| D. | BI Rural Banking Enquiry Committee |
| Answer» D. BI Rural Banking Enquiry Committee | |
| 57. |
Life span of Rs. 10 notes are |
| A. | 0-15 months |
| B. | 6-19 months |
| C. | 0-18 months |
| D. | 0-25 months |
| Answer» E. | |
| 58. |
RBI can issue bank notes of maximum denomination |
| A. | s. 1000 |
| B. | s. 500 |
| C. | s. 10000 |
| D. | s. 20000 |
| Answer» D. s. 20000 | |
| 59. |
How much quantity of coins to be minted decided by |
| A. | BI |
| B. | nion government |
| C. | BI |
| D. | RDA |
| Answer» C. BI | |
| 60. |
How much maximum amount that is insured by "deposit insurance" credit corporation (DICGC) |
| A. | s. 50000 |
| B. | s. 100000 |
| C. | s. 10000 |
| D. | s. 500000 |
| Answer» C. s. 10000 | |
| 61. |
Commercial banking system means |
| A. | cheduled and non-Scheduled banks |
| B. | rivate sector and public scheduled banks |
| C. | oth (a) and (b) |
| D. | egional rural banks, co-operative banks and NBFCs |
| Answer» D. egional rural banks, co-operative banks and NBFCs | |
| 62. |
Smart card can be |
| A. | n embedded circuit with micro processor chip embedded in it so that it could perform calculations maintain records and act as electronic pursue. |
| B. | uilt in facility for protection against fraudulent operations |
| C. | an either be rechargeable or exchangeable |
| D. | ll of the above |
| Answer» E. | |
| 63. |
Factoring is |
| A. | means of financing traders and manufactures by taking over their receivables |
| B. | means of providing post-shipment finance to exporters |
| C. | type of agriculture financing |
| D. | one of these |
| Answer» B. means of providing post-shipment finance to exporters | |
| 64. |
Which of the following were considered to be compelling reasons for bank Nationalization? |
| A. | oncentration of wealth and economic power in the hands of industrialists and business |
| B. | ranch expansion was confined to urban areas and rural area were being neglected |
| C. | ectors like agriculture small scale industries and the other deserving sectors were outside the purview of bank lending operations |
| D. | bove all |
| Answer» E. | |
| 65. |
"Doing business report" published by |
| A. | orld Bank |
| B. | MF |
| C. | DB |
| D. | TO |
| Answer» B. MF | |
| 66. |
In India, Scheduled Commercial Banks are those Banks included? |
| A. | n the 2nd Schedule of RBI Act 1934 |
| B. | n the 2nd Schedule of BR Act 1949 |
| C. | n the 2nd Schedule of NI Act 1881 |
| D. | n the 2nd Schedule of Companies Act 1956 |
| Answer» B. n the 2nd Schedule of BR Act 1949 | |
| 67. |
Banks in India are governed by BR Act 1949. What does 'BR' stands for? |
| A. | anks Registration |
| B. | anking Re-organization |
| C. | anking Regulation |
| D. | anking Rights |
| Answer» D. anking Rights | |
| 68. |
What is India's Apex Tax body? |
| A. | BDT |
| B. | AAR |
| C. | T Department |
| D. | BI |
| Answer» B. AAR | |
| 69. |
"De–Mat" account is regulated by |
| A. | BI |
| B. | BI |
| C. | RDA |
| D. | EBI |
| Answer» E. | |
| 70. |
FCCB stands for |
| A. | oreign currency convertible bonds |
| B. | orex currency convertible bonds |
| C. | orm currency convertible bonds |
| D. | uture currency convertible bonds |
| Answer» B. orex currency convertible bonds | |
| 71. |
"ASBA" stands for |
| A. | pplication supported by bank account |
| B. | pplication supported by balance account |
| C. | pplication supported by blocked account |
| D. | pplication supported by blocked amount |
| Answer» E. | |
| 72. |
Interest rate "Savings deposit" now a days is decided by |
| A. | BI |
| B. | BI |
| C. | espective Banks |
| D. | BA |
| Answer» D. BA | |
| 73. |
The rate of interest on Savings Bank Account is decided by |
| A. | BI |
| B. | ndian Banks Association |
| C. | overnment of India |
| D. | he Concerned Bank |
| Answer» E. | |
| 74. |
The lowering of Bank Rate by the Reserve Bank of India leads to |
| A. | ore liquidity in the market |
| B. | ess liquidity in the market |
| C. | o change in the liquidity in the market |
| D. | obilization of more deposits by commercial banks |
| Answer» B. ess liquidity in the market | |
| 75. |
The approach of ‘Micro-Credit’ or ‘Banking with the poor’ is comparatively a new concept in the field of rural credit. This approach has been tried very successfully in which of the following countries? |
| A. | ndia |
| B. | hina |
| C. | apan |
| D. | angladesh |
| Answer» E. | |
| 76. |
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. | CICI and HDFC |
| B. | BI and ICICI |
| C. | OI and SBI |
| D. | DFC and SBI |
| Answer» E. | |
| 77. |
RBI has lifted a ban on carrying Indian bank notes of Rs 1,000 and 500 denominations to and from Nepal and Bhutan. RBI has put a limit on carrying such notes at Rs.__________ per person? |
| A. | 0000 |
| B. | 5000 |
| C. | 5000 |
| D. | 0000 |
| Answer» D. 0000 | |
| 78. |
Which of the following entities did not get the licence to run Payment Bank |
| A. | ditya Birla Nuvo Limited |
| B. | un Pharma |
| C. | ino PayTech Limited |
| D. | ideocon d2h |
| Answer» E. | |
| 79. |
The ability of commercial banks to increase their deposits by expanding their loans and advances is known as |
| A. | apital expansion |
| B. | redit expansion |
| C. | redit control |
| D. | redit creation |
| Answer» E. | |
| 80. |
As per the direction of RBI on 29 October 2013, the banks can pay rate of interest onFixed deposits'? |
| A. | t intervals shorter than quarterly intervals also |
| B. | ay on quarterly basis alone |
| C. | n half yearly basis only |
| D. | s per the direction of government of India |
| Answer» B. ay on quarterly basis alone | |
| 81. |
Fixed deposits can have |
| A. | omination facility |
| B. | omination facility with the permission of Bank Chairman |
| C. | omination facility by taking special permission from bank |
| D. | omination facility on the day of closing |
| Answer» B. omination facility with the permission of Bank Chairman | |
| 82. |
Banks usually collect penal rate of interest on ____ for the premature withdrawal of fixed deposits? |
| A. | rincipal |
| B. | ate of interest |
| C. | inimum deposit amount |
| D. | aturity amount |
| Answer» C. inimum deposit amount | |
| 83. |
Shares issued in Primary market in the form of IPO and FPO. IPO means? |
| A. | ndia Public Offer |
| B. | nitial Private Offer |
| C. | nitial Public Off |
| D. | nitial Public Offer |
| Answer» E. | |
| 84. |
Capital market is a market for long-term debt and equity shares. It is further divided in to? |
| A. | econdary Market and Bull Market. |
| B. | ull Market and Bell Market. |
| C. | rimary Market and Secondary Market. |
| D. | rimary Market and Government Cash Bond Market. |
| Answer» D. rimary Market and Government Cash Bond Market. | |
| 85. |
The Money market include |
| A. | reasury bills |
| B. | ash Management bills |
| C. | ommercial papers |
| D. | ll of above |
| Answer» E. | |
| 86. |
Lock period in Term deposit means? |
| A. | ocker must be opened by the customer in the branch. |
| B. | he Pre-maturity is not possible. |
| C. | nother account cannot be opened by customer. |
| D. | ominee name need not be written. |
| Answer» C. nother account cannot be opened by customer. | |
| 87. |
RBI revised premature deposit rules of which type of accounts? |
| A. | iddy accounts |
| B. | urrent accounts |
| C. | arge value fixed deposit accounts |
| D. | ollar savings accounts |
| Answer» D. ollar savings accounts | |
| 88. |
What does Deficit financing mean? |
| A. | overnment of India borrows from World Bank |
| B. | overnment of India borrows from IMF |
| C. | overnment of India borrows from SBI |
| D. | overnment of India borrows from RBI |
| Answer» E. | |
| 89. |
____ heads and conducts the affairs of RBI |
| A. | entral Board |
| B. | ocal board |
| C. | egional board |
| D. | ll of the above |
| Answer» B. ocal board | |
| 90. |
Principal functions of SIDBI |
| A. | romotion of SSI |
| B. | inance of SSI |
| C. | evelopment of SSI |
| D. | ll the above |
| Answer» E. | |
| 91. |
What is meant by development Oriented banking? |
| A. | nfrastructure financing |
| B. | xtending loans to States, which are un-development |
| C. | aking up the task of development of the economy by providing support to under privileged sections of the society |
| D. | one of these |
| Answer» D. one of these | |
| 92. |
Which Bank launches voice password facility for users? |
| A. | xis |
| B. | CICI |
| C. | DFC |
| D. | otak Mahindra Bank |
| Answer» C. DFC | |
| 93. |
Which is/ are the different categories under priority sector? |
| A. | ocial Infrastructure |
| B. | enewable Energy |
| C. | icro, Small and Medium Enterprises |
| D. | ll of above |
| Answer» E. | |
| 94. |
What does the DICGC insure? |
| A. | ny amount due on account of any deposit received outside India. |
| B. | eposits of Central/State Governments |
| C. | eposits of foreign Governments |
| D. | one of these |
| Answer» E. | |
| 95. |
CRR funds are kept by the Banks in ____ |
| A. | ash in hand at branches |
| B. | alance with other banks |
| C. | alance in a special Account with RBI |
| D. | unds in the currency chest |
| Answer» D. unds in the currency chest | |
| 96. |
The maximum Statutory Liquidity Ratio to be maintained by banks is_____ |
| A. | 5% |
| B. | 0% |
| C. | 5% |
| D. | 0% |
| Answer» E. | |
| 97. |
SLR is maintained as a percentage of |
| A. | ime liabilities |
| B. | emand liabilities |
| C. | et demand and time Liabilities |
| D. | ime and Demand liabilities |
| Answer» D. ime and Demand liabilities | |
| 98. |
__ was not nationalized in 1969 |
| A. | unjab National Bank |
| B. | riental Bank of commerce |
| C. | ank of Baroda |
| D. | nion Bank of India |
| Answer» C. ank of Baroda | |
| 99. |
Interest on Government securities on fixed basis is known as |
| A. | ank rate |
| B. | oupon |
| C. | rime Lending Rate |
| D. | ench mark PLR |
| Answer» C. rime Lending Rate | |
| 100. |
_____ is raised in capital markets. |
| A. | unds through long term securities |
| B. | ong term loans through Govt. securities |
| C. | edium term loans |
| D. | hort - term instruments |
| Answer» B. ong term loans through Govt. securities | |