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.
| 1251. |
First bank in India to launch its interactive banking service through Dish TV: |
| A. | HSBC |
| B. | ICICI Bank |
| C. | HDFC Bank |
| D. | Axis Bank |
| Answer» D. Axis Bank | |
| 1252. |
The expansion of BIFR, in the context of the Indian Industry is: |
| A. | Board for Industrial and Financial Reconstruction |
| B. | Bureau for Industrial and Financial Reconstruction |
| C. | Board for Investment and Financial Reconstruction |
| D. | Bureau for Investment and Financial Reconstruction |
| Answer» B. Bureau for Industrial and Financial Reconstruction | |
| 1253. |
Insurance cover for bank deposits in our country is provided by: |
| A. | SBI |
| B. | GIC |
| C. | LICI |
| D. | DICGC |
| Answer» E. | |
| 1254. |
Invoice is a: |
| A. | Accounting document |
| B. | Legal document |
| C. | Commercial document |
| D. | None of the above |
| Answer» D. None of the above | |
| 1255. |
Acceptance of deposits by non - banking financial companies is regulated by RBI under: |
| A. | Non - banking financial companies acceptance of public deposits (Revenue Bank) directions 1998 |
| B. | Non - banking financial companies acceptance of government deposits (Revenue Bank) directions, 1998 |
| C. | Non - banking financial companies acceptance of private deposits (Revenue Bank) directions, 1998 |
| D. | Non- banking financial companies acceptance of deposits money lenders (Revenue Bank) directions, 1998 |
| Answer» B. Non - banking financial companies acceptance of government deposits (Revenue Bank) directions, 1998 | |
| 1256. |
Priority Sector does not includes the _____. |
| A. | Agricultural Finance |
| B. | Education Loans |
| C. | Housing loans |
| D. | Life Insurance Policy |
| Answer» E. | |
| 1257. |
Which award is given for an Outstanding Woman Reporter in India ? |
| A. | Chameli Devi Jain Award |
| B. | Padma Shree Award. |
| C. | Patrakarita Award. |
| D. | Mahila Patrakar Award. |
| Answer» B. Padma Shree Award. | |
| 1258. |
Which panel is scrutinizing applications for new bank licences. |
| A. | P Chidamabram |
| B. | C.N.R. Rao Panel |
| C. | Bimal Jalan Panel |
| D. | Raghuram Rajan |
| Answer» D. Raghuram Rajan | |
| 1259. |
Section 6(A) of B.R. Act has given the list of ancillary services which can be rendered by a Bank under the Banking Regulation Act. in the event that a Bank wants to undertake any other services (other than the list): |
| A. | The bank can seek authority from the RBI |
| B. | Board of directors of that Bank can decide the business suitable to the bank |
| C. | It can be decided by the Bank in the shareholders meeting |
| D. | Bank can do so if that business is notified by the Central Government as the lawful business of a Banking company |
| Answer» E. | |
| 1260. |
In which year, Credit Guarantee Corporation created ? |
| A. | 1975 |
| B. | 1971 |
| C. | 1975 |
| D. | 2001 |
| Answer» C. 1975 | |
| 1261. |
An increase in CRR by RBI leads to |
| A. | Decrease in deposit |
| B. | Increase in deposit |
| C. | Increase in lendable resources |
| D. | Decrease in lendable resources |
| Answer» E. | |
| 1262. |
Which bank launches first homegrown economic index? |
| A. | ICICI |
| B. | BOB |
| C. | SBI |
| D. | PNB |
| Answer» D. PNB | |
| 1263. |
Which of the following became the first private bank in India to receive an in-principle approval from RBI? |
| A. | Yes Bank |
| B. | ICICI Bank |
| C. | HDFC Bank |
| D. | IndusInd Bank |
| Answer» D. IndusInd Bank | |
| 1264. |
Financial Market broadly divided in to two. They are? |
| A. | Money and Capital market |
| B. | Money and Black market |
| C. | Price and Money market |
| D. | Capital and Abroad market |
| Answer» B. Money and Black market | |
| 1265. |
Between 2007-08 to 2012-13, the value of Card spending rose to Rs.1.97 Lakh Crores. A raise in Cards spending indicates? |
| A. | Transformation to 'Cashless Economy' |
| B. | Low inflation |
| C. | Raising incomes |
| D. | Falling prices |
| Answer» B. Low inflation | |
| 1266. |
Open-market operations of Reserve Bank of India refer to? |
| A. | Trading in securities |
| B. | Auctioning |
| C. | Transaction in gold |
| D. | All of the above |
| Answer» B. Auctioning | |
| 1267. |
Which of the following cannot be called as a value Added Service offered by bank? |
| A. | Special Accounts for poor sections of society |
| B. | Accident Insurance Cover |
| C. | Instant credit of outstations cheques |
| D. | Free cheque books |
| Answer» E. | |
| 1268. |
Which of the following is not a function of commercial bank? |
| A. | Providing project finance |
| B. | Selling mutual funds |
| C. | Deciding policy rates like CRR, Repo rates/SLR etc. |
| D. | Settlement of payments on behalf of the customers |
| Answer» D. Settlement of payments on behalf of the customers | |
| 1269. |
M/s XYZ company has got an order to supply Machinery to M/s ABC Co of Nigeria. Who has to get a Letter of Credit issued from a Bank? |
| A. | M/s ABC since they are the importers |
| B. | M/s XYZ since they are the exporters |
| C. | Both since they are the parties to the agreement |
| D. | RBI since they regulate the Foreign Trade in India |
| Answer» B. M/s XYZ since they are the exporters | |
| 1270. |
Which of the following provides proper definition of a Mutual Funds? |
| A. | It is an association of members of public |
| B. | These members want to invest in financial instrument |
| C. | They want to invest in financial instrument assets of business sector |
| D. | All the above |
| Answer» E. | |
| 1271. |
Indian Commercial Banks are categorized into |
| A. | Public sector Banks |
| B. | Foreign Banks |
| C. | Private Sector Banks |
| D. | All of the above |
| Answer» E. | |
| 1272. |
In the first round 14 major banks with a liability base of ____ were nationalized |
| A. | 10 crore or more |
| B. | 20 crore or more |
| C. | 50 crore or more |
| D. | 100 crore or more |
| Answer» D. 100 crore or more | |
| 1273. |
Many times we read the term ‘ECB’ in newspapers. What is the full form of ‘ECB’ ?# |
| A. | Essential Commercial Banking |
| B. | European Credit Borrowing |
| C. | External Credit For Business |
| D. | External Commercial Borrowing |
| Answer» E. | |
| 1274. |
Which one of the following is not an electronic Banking delivery channel? |
| A. | Mobile Phone Banking |
| B. | Internet Banking |
| C. | Mobile Vans |
| D. | Tele Banking |
| Answer» D. Tele Banking | |
| 1275. |
AMFI is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in the industry. AMFI stands for |
| A. | Authority of Mutual Funds in India |
| B. | Association of Mutual Funds in India |
| C. | Amalgamation of Mutual Funds in India |
| D. | Association of Mutual Finance in India |
| Answer» C. Amalgamation of Mutual Funds in India | |
| 1276. |
Which is the first bank to get ISO certificate? |
| A. | Corporation Bank |
| B. | UBI |
| C. | Canara Bank |
| D. | Syndicate Bank |
| Answer» D. Syndicate Bank | |
| 1277. |
If the customer can do all transactions only in a branch and the branch has no online access, it is called |
| A. | Online Banking |
| B. | Virtual Banking |
| C. | Brick and Mortar Banking |
| D. | None of These |
| Answer» D. None of These | |
| 1278. |
Assume that Reserve Bank of India reduces the Bank Rate by 1%, what will be its impact? |
| A. | Less liquidity in the market |
| B. | More liquidity in the market |
| C. | No change in the liquidity in the market |
| D. | Mobilization of more deposits by commercial-banks |
| Answer» C. No change in the liquidity in the market | |
| 1279. |
Budget is an instrument of |
| A. | Commercial policy of the government |
| B. | Fiscal policy of the Government |
| C. | Monetary policy of the government |
| D. | Money-saving policy of the government |
| Answer» C. Monetary policy of the government | |
| 1280. |
The Banking Ombudsman |
| A. | is in charge of bank loan for buses |
| B. | fixes the rates of interest for loans |
| C. | resolves complaints of customers |
| D. | is the head of all nationalized banks |
| Answer» D. is the head of all nationalized banks | |
| 1281. |
The Reserve Bank of India has divested its stake in State Bank of India to |
| A. | IDBI Bank |
| B. | LIC |
| C. | ICICI Bank |
| D. | Government of India |
| Answer» E. | |
| 1282. |
Loan of very small amounts given to low income groups is called |
| A. | Cash credit |
| B. | Micro credit |
| C. | Simple overdraft |
| D. | No frills loans |
| Answer» C. Simple overdraft | |
| 1283. |
What does the letter ‘L’ stands for in the term LAF commonly used in financial/economic news?# |
| A. | Liquidity |
| B. | Least |
| C. | Liabilities |
| D. | Long |
| Answer» B. Least | |
| 1284. |
Validity period of "Demand draft" is |
| A. | 6 months |
| B. | 12 months |
| C. | 3 months |
| D. | 8 months |
| Answer» D. 8 months | |
| 1285. |
Ultimate controller of Bank Deposits is? |
| A. | RBI |
| B. | Finance Secretary |
| C. | Ministry of Finance |
| D. | Controller of Deposits |
| Answer» B. Finance Secretary | |
| 1286. |
Which of the following is not a primary function of a Bank? |
| A. | Granting Loans |
| B. | Collecting Cheques/Drafts customers |
| C. | Facilitating import of goods |
| D. | Issuing Bank Drafts |
| Answer» D. Issuing Bank Drafts | |
| 1287. |
Commercial banks in India were nationalized in 1969 because : |
| A. | There was urban bias |
| B. | Agriculture sector was neglected |
| C. | There was concentration of economic power |
| D. | All of the above |
| Answer» E. | |
| 1288. |
What is the maximum period for which domestic term deposits are normally accepted by banks in our country? |
| A. | 3 years |
| B. | 5 years |
| C. | 7 years |
| D. | 10 years |
| Answer» E. | |
| 1289. |
Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of ______: |
| A. | 2 years |
| B. | 4 years |
| C. | 5 years |
| D. | 6 years |
| Answer» D. 6 years | |
| 1290. |
Consider the following statements with respect to IFSC code used in Banking System:A) IFSC Stands for Indian Financial System Code.B) It is an 11-digit alphanumeric Unique Code.C) IFSC is used be the NEFT system to route the message to the destination banks/branches. |
| A. | Only A |
| B. | Only B |
| C. | Only C |
| D. | Only B and C |
| E. | All A, B and C |
| Answer» F. | |
| 1291. |
Which commission distributes the taxes between centre and states ? |
| A. | NITI Ayog |
| B. | Board of Direct Taxes |
| C. | Finance Commission |
| D. | National Development Counsel |
| Answer» D. National Development Counsel | |
| 1292. |
Which of the following scheme is related to Financial Inclusion? |
| A. | AADHAR |
| B. | AAY |
| C. | Swabhiman |
| D. | Swavalamban |
| Answer» D. Swavalamban | |
| 1293. |
Foreign Exchange Reserves of India are kept in the custody of which of the following ? |
| A. | International Bank for Reconstruction and Development |
| B. | International Monetary Fund |
| C. | Government Treasury |
| D. | RBI |
| Answer» E. | |
| 1294. |
Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti- money laundering measures. The purpose of reporting is: |
| A. | Combating finance of terrorism |
| B. | To check hawala transactions |
| C. | To check the inflow of crime money |
| D. | To check inflow of the money earned out of sale of narcotics |
| E. | All the above |
| Answer» F. | |
| 1295. |
Identify the well known person related to Banking field in India from the following? |
| A. | Mrs. Meira Kumar |
| B. | Mrs. Kiran Shaw |
| C. | Mr. Arun Jaitley |
| D. | Dr. D Subbarao |
| Answer» E. | |
| 1296. |
Coins are minted at? |
| A. | Mumbai |
| B. | Hyderabad |
| C. | Noida |
| D. | Kolkatta |
| E. | All of these |
| Answer» F. | |
| 1297. |
Intervenes in markets to maintain the external value of the Indian rupee |
| A. | Exporters |
| B. | Importers |
| C. | RBI |
| D. | IMF |
| Answer» D. IMF | |
| 1298. |
The instrument which provides proprietary interest in company and which entitles a person to dividend on profits, is called? |
| A. | Bond |
| B. | Share |
| C. | Debenture |
| D. | Warrant |
| Answer» C. Debenture | |
| 1299. |
Which of the following banks is the second largest Public sector banks among the 236 PSBs in India in terms of Profit? |
| A. | Bank of India |
| B. | Punjab National Bank |
| C. | Bank of Baroda |
| D. | Central Bank of India |
| Answer» D. Central Bank of India | |
| 1300. |
The formal way of lending includes lending from ? |
| A. | Private Sector Banks |
| B. | Co-operative Banks |
| C. | Public Sector Banks |
| D. | RRB |
| E. | All of the above |
| Answer» F. | |