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.
| 1101. |
Monetary Policy as an arm of the economic policy is administered by$? |
| A. | Government of India |
| B. | Reserve Bank of India |
| C. | State Bank of India |
| D. | Governments of the respective states |
| Answer» C. State Bank of India | |
| 1102. |
Which of the following is not a function of General Insurance?$? |
| A. | Cattle Insurance |
| B. | Crop Insurance |
| C. | Fire Insurance |
| D. | Medical Insurance |
| Answer» E. | |
| 1103. |
Where the signature of the drawer of a cheque is not genuine , such a cheque is called$? |
| A. | Post dated cheque |
| B. | Stale cheque |
| C. | Forged cheque |
| D. | All of the above |
| Answer» D. All of the above | |
| 1104. |
For issuing notes, RBI has required to hold the minimum reserve of Rs. 200 crore of which not lesss than Rs. ______ crore to be hold in gold.$? |
| A. | 85 |
| B. | 100 |
| C. | 115 |
| D. | 125 |
| Answer» D. 125 | |
| 1105. |
In India, which among the following is/are a part of Legal Tender Money?$? |
| A. | Both coins and currency notes |
| B. | Both coins and bank drafts |
| C. | Both currency notes and SDRs |
| D. | Only currency notes issued by RBI |
| Answer» B. Both coins and bank drafts | |
| 1106. |
In banking services, which are the major characteristics affecting the channel selection$? |
| A. | Intangibility |
| B. | Inseparability |
| C. | Perish ability |
| D. | All of the above |
| Answer» E. | |
| 1107. |
Which of the following does not constitute ‘payment in due course’?$? |
| A. | Payment of a post-dated cheque |
| B. | Payment of a crossed cheque across the counter |
| C. | Payment of a cheques the payment of which has been countermanded |
| D. | All of the above |
| Answer» E. | |
| 1108. |
________ is India’s largest Wide Area Network.$? |
| A. | RBINET |
| B. | NICNET |
| C. | INET |
| D. | Bank Net |
| Answer» C. INET | |
| 1109. |
Full form of ERNET is$? |
| A. | England’s Remote Network |
| B. | Engineering and Research Network |
| C. | Educational and Research Network |
| D. | External and Regular Network |
| Answer» D. External and Regular Network | |
| 1110. |
How many banks in India have joined the international telecommunication network of SWIFT?$? |
| A. | 249 |
| B. | 46 |
| C. | 28 |
| D. | 19 |
| Answer» C. 28 | |
| 1111. |
The ability of commercial banks to increase their deposits by expanding their loans and advances is known as$? |
| A. | Capital expansion |
| B. | Credit expansion |
| C. | Credit control |
| D. | Credit creation |
| Answer» E. | |
| 1112. |
Which of the following is the Capital Market regulator?$? |
| A. | RBI |
| B. | NSE |
| C. | SEBI |
| D. | BSE |
| Answer» D. BSE | |
| 1113. |
The lowering of Bank Rate by the Reserve Bank of India leads to$? |
| A. | More liquidity in the market |
| B. | Less liquidity in the market |
| C. | No change in the liquidity in the market |
| D. | Mobilization of more deposits by commercial banks |
| Answer» B. Less liquidity in the market | |
| 1114. |
As per the report published in the newspaper, the banks, particularly public sector banks are tying up with various rating agencies for providing a qualitative assessment of the credit needs of the borrowers. Which amongst the following is/ are such credit rating agencies in India? A. CAREB. CRISILC. ULIP$? |
| A. | Only A |
| B. | Only B |
| C. | A and B |
| D. | Only C |
| Answer» D. Only C | |
| 1115. |
What is India's Apex Tax body?$? |
| A. | CBDT |
| B. | GAAR |
| C. | IT Department |
| D. | RBI |
| Answer» B. GAAR | |
| 1116. |
Which of the below acts as the principle regulator in the capital market in India?$? |
| A. | IRDA |
| B. | RBI |
| C. | SIDBI |
| D. | SEBI |
| Answer» E. | |
| 1117. |
Interest rate "Savings deposit" now a days is decided by$? |
| A. | RBI |
| B. | SBI |
| C. | Respective Banks |
| D. | IBA |
| Answer» D. IBA | |
| 1118. |
With the aim of achieving Financial Inclusion, Reserve Bank Of India has issued guidelines permitting the banks to employ ____ to facilitate Business Development.$? |
| A. | Business Correspondents |
| B. | Franchisees |
| C. | Business Facilitators |
| D. | Both a and c |
| Answer» E. | |
| 1119. |
How much maximum amount that is insured by "deposit insurance" credit corporation (DICGC)$? |
| A. | Rs. 50000 |
| B. | Rs. 100000 |
| C. | Rs. 10000 |
| D. | Rs. 500000 |
| Answer» C. Rs. 10000 | |
| 1120. |
Interest payable on savings bank accounts is:$? |
| A. | not regulated by RBI |
| B. | regulated by Sate Governments |
| C. | regulated by Central Government |
| D. | regulated by RBI |
| Answer» E. | |
| 1121. |
Expand DRI related to a scheme meant for weaker section of our country.$? |
| A. | Different rate of interest |
| B. | Different ration for Indians |
| C. | Different rate of interest-bond |
| D. | Differential rate of interest |
| Answer» E. | |
| 1122. |
Self Help Group (SHG) Bank Linkgage programme was first launched by$? |
| A. | RRBs |
| B. | NABARD |
| C. | SBI |
| D. | RBI |
| Answer» C. SBI | |
| 1123. |
Under the second phase of nationalization, 07 banks were nationalized. Their deposits were over ________ crore.$? |
| A. | 100 |
| B. | 150 |
| C. | 200 |
| D. | 300 |
| Answer» D. 300 | |
| 1124. |
Which of the following is a third party product often sold by banks?$? |
| A. | Gift cheques |
| B. | Credit cards |
| C. | Debit cards |
| D. | Mutual funds |
| Answer» E. | |
| 1125. |
CASA ratio is the ratio of deposits in which accounts of a bank to its total deposits ?$? |
| A. | Current account |
| B. | Saving account |
| C. | Recurring accounts |
| D. | Both 1 & 2 |
| Answer» E. | |
| 1126. |
Largest shareholder (in percentage shareholding) of a nationalized bank is:$? |
| A. | RBI |
| B. | NABARD |
| C. | LICI |
| D. | Govt. of India |
| Answer» E. | |
| 1127. |
Which one of the following is not a salient feature of debit card?$? |
| A. | No bad debts to banks and no suits for recovery |
| B. | No interest earning for banks |
| C. | Works like a normal withdrawal slip |
| D. | 45 days credit is given to the card holder |
| Answer» E. | |
| 1128. |
Which of the following happened to be the first private bank in India to receive an in-principle approval from RBI?$? |
| A. | HDFC Bank |
| B. | ICICI Bank |
| C. | Yes Bank |
| D. | United Western Bank |
| Answer» B. ICICI Bank | |
| 1129. |
What is the relationship between a bank and customer when a locker is rented out by a bank to a person :$? |
| A. | Bailor and Bailee |
| B. | Bailee and Bailor |
| C. | Principal and Agent |
| D. | Lessee and Lessor |
| Answer» E. | |
| 1130. |
ASBA is a mechanism for subscribing to applications in Initial Public Offerings (IPOs). ASBA stands for$? |
| A. | Application Supported by Blocked Amount |
| B. | Application Submitted with Blocked Amount |
| C. | Acquired Shares by Blocked Amount |
| D. | Application Supported by Balance Amount |
| Answer» B. Application Submitted with Blocked Amount | |
| 1131. |
In India, the Chit funds are governed / regulated by ___.$? |
| A. | RBI |
| B. | Central Government |
| C. | State Governments |
| D. | Local Bodie |
| Answer» D. Local Bodie | |
| 1132. |
Which one of the following was the purpose of the appointment of Rangachary committee?(A)Taxation of software Development Centres & IT Sector.(B)Taxation of Biotechnology and Pharmacy sector.(C)Taxation of MSME sector.$? |
| A. | Only A |
| B. | Only B |
| C. | Only C |
| D. | Both B and C |
| Answer» B. Only B | |
| 1133. |
Certificate of Deposit (CD) is a _____ instrument.$? |
| A. | Short term |
| B. | Long term |
| C. | Negotiable money market |
| D. | Unsecured money market |
| Answer» D. Unsecured money market | |
| 1134. |
What does WPI stand for?$? |
| A. | Wholesale Price Index |
| B. | Wholesale Price India |
| C. | Wholesale Price International |
| D. | Wholesale Price Industrial |
| Answer» B. Wholesale Price India | |
| 1135. |
What is MZM in money market?$? |
| A. | Money with highest return |
| B. | Money with zero maturity |
| C. | Money with sovereign guarantee |
| D. | Monetary base or total currency |
| Answer» C. Money with sovereign guarantee | |
| 1136. |
ASBA is a mechanism for subscribing to applications in Initial Public Offerings (IPOs). ASBA stands for? |
| A. | Application Supported by Blocked Amount |
| B. | Application Submitted with Blocked Amount |
| C. | Acquired Shares by Blocked Amount |
| D. | Application Supported by Balance Amount |
| Answer» B. Application Submitted with Blocked Amount | |
| 1137. |
Which one of the following was the purpose of the appointment of Rangachary committee?(A)Taxation of software Development Centres & IT Sector.(B)Taxation of Biotechnology and Pharmacy sector.(C)Taxation of MSME sector.? |
| A. | Only A |
| B. | Only B |
| C. | Only C |
| D. | Both B and C |
| Answer» B. Only B | |
| 1138. |
In India, the Chit funds are governed / regulated by ___.? |
| A. | RBI |
| B. | Central Government |
| C. | State Governments |
| D. | Local Bodie |
| Answer» D. Local Bodie | |
| 1139. |
What does WPI stand for?? |
| A. | Wholesale Price Index |
| B. | Wholesale Price India |
| C. | Wholesale Price International |
| D. | Wholesale Price Industrial |
| Answer» B. Wholesale Price India | |
| 1140. |
Certificate of Deposit (CD) is a _____ instrument.? |
| A. | Short term |
| B. | Long term |
| C. | Negotiable money market |
| D. | Unsecured money market |
| Answer» D. Unsecured money market | |
| 1141. |
What is MZM in money market?? |
| A. | Money with highest return |
| B. | Money with zero maturity |
| C. | Money with sovereign guarantee |
| D. | Monetary base or total currency |
| Answer» C. Money with sovereign guarantee | |
| 1142. |
What is the relationship between a bank and customer when a locker is rented out by a bank to a person :? |
| A. | Bailor and Bailee |
| B. | Bailee and Bailor |
| C. | Principal and Agent |
| D. | Lessee and Lessor |
| Answer» E. | |
| 1143. |
Which one of the following is not a salient feature of debit card?? |
| A. | No bad debts to banks and no suits for recovery |
| B. | No interest earning for banks |
| C. | Works like a normal withdrawal slip |
| D. | 45 days credit is given to the card holder |
| Answer» E. | |
| 1144. |
Which of the following happened to be the first private bank in India to receive an in-principle approval from RBI?? |
| A. | HDFC Bank |
| B. | ICICI Bank |
| C. | Yes Bank |
| D. | United Western Bank |
| Answer» B. ICICI Bank | |
| 1145. |
Which of the following is a third party product often sold by banks?? |
| A. | Gift cheques |
| B. | Credit cards |
| C. | Debit cards |
| D. | Mutual funds |
| Answer» E. | |
| 1146. |
Largest shareholder (in percentage shareholding) of a nationalized bank is:? |
| A. | RBI |
| B. | NABARD |
| C. | LICI |
| D. | Govt. of India |
| Answer» E. | |
| 1147. |
CASA ratio is the ratio of deposits in which accounts of a bank to its total deposits ?? |
| A. | Current account |
| B. | Saving account |
| C. | Recurring accounts |
| D. | Both 1 & 2 |
| Answer» E. | |
| 1148. |
Self Help Group (SHG) Bank Linkgage programme was first launched by? |
| A. | RRBs |
| B. | NABARD |
| C. | SBI |
| D. | RBI |
| Answer» C. SBI | |
| 1149. |
Which of the below acts as the principle regulator in the capital market in India?? |
| A. | IRDA |
| B. | RBI |
| C. | SIDBI |
| D. | SEBI |
| Answer» E. | |
| 1150. |
Under the second phase of nationalization, 07 banks were nationalized. Their deposits were over ________ crore.? |
| A. | 100 |
| B. | 150 |
| C. | 200 |
| D. | 300 |
| Answer» D. 300 | |