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.
| 1201. |
As a part of financial inclusion, Bank on Wheels is a banking kiosk in a mobile van which goes to various rural villages as per the predetermined schedule to provide the banking services to the rural Indians. This Vehicle Tracking through GPRS. GPRS stands for |
| A. | General Packet Radio Service |
| B. | General Packet Running Service |
| C. | Gross Packet Radio Service |
| D. | Gain Packet Radio Service |
| Answer» B. General Packet Running Service | |
| 1202. |
Whose signature is found on a 50 rupee currency note in India? |
| A. | President of India |
| B. | Governor, RBI |
| C. | Finance Minister |
| D. | Prime Minister of India |
| Answer» C. Finance Minister | |
| 1203. |
CRR refers to the share of _____ that rural banks have to maintain with RBI of their net demand and time liabilities ? |
| A. | Liquid cash |
| B. | Gold |
| C. | Forex reserves |
| D. | Illiquid cash |
| Answer» B. Gold | |
| 1204. |
Objective of monetary policy of RBI is to |
| A. | control inflation |
| B. | discourage hoarding of commodities |
| C. | encourage flow of credit into neglected sector |
| D. | All of the above |
| Answer» E. | |
| 1205. |
When a banker talks about CDR, what is he talking about? |
| A. | Corporate Debt Restructuring |
| B. | Corporate Debt Rollover |
| C. | Company Debt Rollover |
| D. | Corporate Deposit Restructuring |
| Answer» B. Corporate Debt Rollover | |
| 1206. |
Which of the following is a correct statement ? |
| A. | Normally no interest is paid on current deposit accounts. |
| B. | Interest is paid on current accounts at the same rate as term deposit accounts. |
| C. | The rate of interest on current account and savings account are the same. |
| D. | No interest is paid on any deposit by the bank. |
| Answer» B. Interest is paid on current accounts at the same rate as term deposit accounts. | |
| 1207. |
According to "Micro small medium enterprise development Act - 2006 (MSME Act - 2006)" investment limit for micro enterprise in manufacturing sector is |
| A. | Less than Rs. 10 lakh |
| B. | Less than Rs. 25 lakh |
| C. | Rs. 50 lakh |
| D. | Rs. 20 crore |
| Answer» C. Rs. 50 lakh | |
| 1208. |
Which among the following accounts deposit fetch the highest rate of interest? |
| A. | Savings deposit |
| B. | Recurring deposit |
| C. | Fixed deposit |
| D. | Current account deposit |
| Answer» D. Current account deposit | |
| 1209. |
Reserves which can act as a liquidity buffer for commercial banks during crisis times are |
| A. | CAR |
| B. | SLR |
| C. | CAR and CRR |
| D. | CRR and SLR |
| Answer» E. | |
| 1210. |
Which of the following organization finance the Rural Infrastructure Development Fund? |
| A. | NABARD |
| B. | SEBI |
| C. | SIDBI |
| D. | RBI |
| Answer» B. SEBI | |
| 1211. |
Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning? |
| A. | Bombay Stock Exchange |
| B. | Delhi Stock Exchange |
| C. | Calcutta Stock Exchange |
| D. | Bangalore Stock Exchange |
| Answer» C. Calcutta Stock Exchange | |
| 1212. |
Consider the following with respect to the term 'Core Inflation': A) Core Inflation is the inflation rate of a particular basket of commodities. B) Core Inflation is the sudden increase in prices of certain items of food grains.C) Core inflation is caused by supply shock in certain essential commodities. |
| A. | Only A |
| B. | Only B |
| C. | Only C |
| D. | Only A and B |
| Answer» B. Only B | |
| 1213. |
Which of the following will not help you in reducing your budget deficit?(A)Trimming of unnecessary expenses.(B) Creating a spending plan and monitoring expenses.(C)Borrow from friends to meet daily expenses.(D)Taking a money management course. |
| A. | Only A |
| B. | Only B |
| C. | Only C |
| D. | Only D |
| Answer» D. Only D | |
| 1214. |
Which of these should be practiced when using a credit card? |
| A. | Pay only the minimum balance since it is allowed |
| B. | Throw away the receipt signed by you immediately after receiving from the cashier |
| C. | Memories your PIN number and do not leave your PIN number in your wallet |
| D. | Maintain as many cards as possible for convenience |
| Answer» D. Maintain as many cards as possible for convenience | |
| 1215. |
Slogan of Federal Bank is _________? |
| A. | For all your needs |
| B. | One family one bank |
| C. | Together we can |
| D. | Your Perfect Banking Partner |
| Answer» E. | |
| 1216. |
The network for common data communication for banks and FIs launched by RBI : |
| A. | BANKNET |
| B. | INFINET |
| C. | SWIFT |
| D. | INTERNET |
| Answer» B. INFINET | |
| 1217. |
Which of the following is not a credit rating agency? |
| A. | WADA |
| B. | Fitch |
| C. | CRISIL |
| D. | Moody |
| Answer» B. Fitch | |
| 1218. |
The sensitive Index of National Stock Exchange of India is popularly known as- |
| A. | Sensex |
| B. | CRIS |
| C. | Nifty |
| D. | CSE |
| Answer» D. CSE | |
| 1219. |
What is Money Laundering? |
| A. | Conversion of assets into cash |
| B. | Conversion of Money which is illegally obtained |
| C. | Conversion of cash into gold |
| D. | Conversion of gold into cash |
| Answer» C. Conversion of cash into gold | |
| 1220. |
Which one of the following constitutes the largest percentage of Retail loans in India? |
| A. | Consumer loans |
| B. | Personal loans |
| C. | Auto loans |
| D. | Home loans |
| Answer» E. | |
| 1221. |
NEFT means–$ |
| A. | National Electronic Funds Transfer system |
| B. | Negotiated Efficient Fund Transfer system |
| C. | National Efficient Fund Transfer solution |
| D. | Non Effective Fund Transfer system |
| Answer» B. Negotiated Efficient Fund Transfer system | |
| 1222. |
What is current coverage of bank account of population (approx)? |
| A. | 60% |
| B. | 80% |
| C. | 40% |
| D. | 50% |
| Answer» D. 50% | |
| 1223. |
After the recommendations of which of the following committee the Regional Rural Banks were setup? |
| A. | Sarayya Committee |
| B. | Kapoor Committee |
| C. | Narasimhan Committee |
| D. | Rangarajan Committee |
| Answer» D. Rangarajan Committee | |
| 1224. |
The Capital Market of Indian financial system deals with which of the following funds? |
| A. | Hedge funds |
| B. | Short-term funds |
| C. | Long-term Funds |
| D. | Government Funds |
| Answer» D. Government Funds | |
| 1225. |
Which of the following institution is meant for small and medium enterprises? |
| A. | RBI |
| B. | SIDBI |
| C. | IFCI |
| D. | NABARD |
| Answer» C. IFCI | |
| 1226. |
Expand AEPS in terms of banking. |
| A. | Aadhaar-enabled Payment Service |
| B. | Aadhaar-enabled promotion scheme |
| C. | Automated engineered payment service |
| D. | Aadhaar-enabled Payment system |
| Answer» E. | |
| 1227. |
Authorized Dealers for foreign transactions are appointed by: |
| A. | Reserve Bank of India |
| B. | Government of India |
| C. | Individual Banks |
| D. | FEDAI |
| Answer» B. Government of India | |
| 1228. |
CEPI stands for? |
| A. | Council of Environmental Pollution of India |
| B. | Centre for Environmental Pollution in India |
| C. | Comprehensive Environmental Pollution Index |
| D. | Centre for Environmental Pollution and Industries |
| Answer» D. Centre for Environmental Pollution and Industries | |
| 1229. |
The Deposit insurance facility provided by the DICGC is not available for which of the following |
| A. | LIC |
| B. | GIC |
| C. | SIDBI |
| D. | NBFCs |
| Answer» E. | |
| 1230. |
The branding line of Bank of Baroda is ______ |
| A. | International bank of India |
| B. | India’s International bank |
| C. | Indian’s Multinational Bank |
| D. | World’s local Bank |
| Answer» C. Indian‚Äö√Ñ√¥s Multinational Bank | |
| 1231. |
Which of the following statements is correct about soiled/mutilated note? |
| A. | All banks are authorized to accept soiled notes across their counters and pay the exchange vale |
| B. | All public senor bank branches and currency chest branches of private sector banks are authorised to adjudicate and pay value in respect of mutilated notes |
| C. | The RBI has also authorised all Commercial Bank branches to treat certain notes in ‘two pieces’ as soiled notes and pay exchange value |
| D. | All of the above |
| Answer» E. | |
| 1232. |
A cheque is considered as stale when if has been in circulation for |
| A. | More than forty eight hours |
| B. | More than one year |
| C. | More than six months unless otherwise specified |
| D. | More than three months |
| Answer» E. | |
| 1233. |
The provisions contained in section 138 of the negotiable instruments act 1881 shall |
| A. | be attracted whether the cheques is ante-dated or post-dated provided it is presented within 3 months of the date of cheques or the period of validity, whichever, is earlier |
| B. | not be attracted if the cheques is ante-dated |
| C. | not be attracted if the cheques is post-dated |
| D. | All of the above |
| Answer» B. not be attracted if the cheques is ante-dated | |
| 1234. |
The society for world-wide inter-bank financial telecommunication (SWIFT) |
| A. | was registered as a company in Belguim |
| B. | is a bank-owned non-profit co-operative society |
| C. | became operational in May 1977 |
| D. | None of these |
| Answer» C. became operational in May 1977 | |
| 1235. |
Insurance Regulatory and Development Authority |
| A. | is a society registered under the societies Registration Act |
| B. | is a company registered under the Companies Act. 1956 |
| C. | is an NGO |
| D. | was constituted by an act of parliament under the IRDA Act. 1999 |
| Answer» E. | |
| 1236. |
Digital signature are |
| A. | legally valid signatures as per the information technology act. 2000 and acceptable in Indian courts at par with paper signatures |
| B. | required for authentication of e-mail and SFMS |
| C. | required for authentication of settlement applications of clearing coupan of India Ltd. |
| D. | all of the above |
| Answer» E. | |
| 1237. |
Which of the following are intermediaries are not working for Banks? |
| A. | Direct sales agents |
| B. | Automatic dealers |
| C. | Whole sellers |
| D. | Merchant establishments |
| Answer» D. Merchant establishments | |
| 1238. |
Any note, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable is a/an |
| A. | Mutilated note |
| B. | Imperfect note |
| C. | Soiled note |
| D. | Mismatched note |
| Answer» C. Soiled note | |
| 1239. |
Which committee proposed to raise the compulsory insurance of bank deposits up to 5 Lakhs? |
| A. | Aravind Mayaram |
| B. | Usha Thorat |
| C. | Damodaran |
| D. | Syamala Gopinath |
| Answer» D. Syamala Gopinath | |
| 1240. |
On 19th July 1969, 14 banks were nationalized, these banks had deposits of more than |
| A. | Rs 25 crore |
| B. | Rs 50 crore |
| C. | Rs 85 crore |
| D. | Rs 100 crore |
| Answer» E. | |
| 1241. |
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. | India |
| B. | China |
| C. | Japan |
| D. | Bangladesh |
| Answer» E. | |
| 1242. |
Who sets up the Bench Mark Interest Rate for Germany? |
| A. | German Central Bank |
| B. | Deutsche Bundes Bank |
| C. | European Central Bank (ECB) |
| D. | Deutsche Bank |
| Answer» D. Deutsche Bank | |
| 1243. |
RBI is lender of last resort which reveals |
| A. | RBI advances money to public whenever there is any emergency |
| B. | Commercial banks give fund to the RBI |
| C. | RBI advances necessary credit against eligible securities to financial institutions |
| D. | All of the above |
| Answer» D. All of the above | |
| 1244. |
The Holidays for the Banks are declared as per which of the following Act |
| A. | Reserve bank Act |
| B. | Banking Regulation Act – 1949 |
| C. | Negotiable instrument Act –1881 |
| D. | Companies Act – 1956 |
| Answer» D. Companies Act ‚Äö√Ñ√¨ 1956 | |
| 1245. |
Idea of insuring deposits kept with banks received attention for the first time in the year 1948 after the banking crises in? |
| A. | Maharashtra |
| B. | Karnataka |
| C. | AP |
| D. | Bengal |
| Answer» E. | |
| 1246. |
Which committee recommended the establishment of the RRBs? |
| A. | Tarpore Committee |
| B. | Narasimham Committee |
| C. | Karmakar Committee |
| D. | Kelker Committee |
| Answer» C. Karmakar Committee | |
| 1247. |
Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements employed by Reserve Bank as measures by Reserve of credit control are classified as |
| A. | Quantitative methods |
| B. | Qualitative methods |
| C. | Both of the above |
| D. | None of these |
| Answer» B. Qualitative methods | |
| 1248. |
Bank of America situated at New York is opening an account with State Bank of India at Kolkatta and what do you mean this? |
| A. | Nostro account |
| B. | Vostro account |
| C. | Loro account |
| D. | RFC account |
| Answer» C. Loro account | |
| 1249. |
Which of the following statement is/are true about fiat money? |
| A. | Fiat money includes physical token like certificates |
| B. | Fiat money's value is not derived from any intrinsic value are relative value is based only on government order |
| C. | Fiat money can be converted in to valuable commodity (like gold) |
| D. | None of these |
| Answer» C. Fiat money can be converted in to valuable commodity (like gold) | |
| 1250. |
In the matter of handling bills of exchange for collection, the relationship between customer and the bank is: |
| A. | Trustee and the beneficiary |
| B. | Principal and agent |
| C. | Bailor and Bailee |
| D. | All of the above |
| Answer» C. Bailor and Bailee | |