85 + Mcqs in General Page 2 McqOptions

51.	What are teaser loan rates charged by banks?
A.	Rate of interest which is competitively changed in relation to other banks
B.	Floating rate of interest charged by banks
C.	Low rate of interest in the initial period which goes up subsequently
D.	Higher rate of interest in the initial period which goes down subsequently
Answer» D. Higher rate of interest in the initial period which goes down subsequently

Discussion

52.	Expand the term EMI as used in banking/finance sector?
A.	Easy Monthly Instalment
B.	Equal Monthly Investment
C.	Equated Monthly Instalment
D.	Equated Mortgage Investment
Answer» D. Equated Mortgage Investment

Discussion

53.	Which of the following terms is used in banking field?
A.	Interest rate swap
B.	Input devices
C.	Sedimentary
D.	Zero Hour
Answer» B. Input devices

Discussion

54.	After State Bank of India, which of the following banks has the largest number of offices?
A.	Punjab National Bank
B.	Bank of India
C.	Andhra Bank
D.	Canara Bank
Answer» B. Bank of India

Discussion

55.	Which of the following rates are reviewed by the RBI at the time of periodical review of the policy? 1. Bank rate 2. Repo rate 3, Savings bank rate
A.	Only 1
B.	Only 2
C.	Both 1 and 2
D.	All the three
Answer» E.

Discussion

56.	Who was the first governor of Reserve Bank of India from Indian origin?
A.	Osborne Smith
B.	C. Rajagopalachari
C.	L. K. Jha
D.	C.D. Deshmukh
Answer» E.

Discussion

57.	When was R.B.I. nationalised?
A.	1935
B.	1949
C.	1929
D.	1914
Answer» C. 1929

Discussion

58.	Who mints the coins in India?
A.	Ministry of Finance
B.	Reserve Bank of India
C.	Prime Minister's Office
D.	Commerce and Industry Ministry
Answer» B. Reserve Bank of India

Discussion

59.	Which of the following is not the work of RBI?
A.	Bank of the banks
B.	Credit controller
C.	Custodian of foreign currency
D.	Allocating funds directly to the farmers for agricultural development
Answer» E.

Discussion

60.	On which commission s recommendations; Reserve Bank of India was established?
A.	Chamberlain Commission
B.	Hilton Young Commission
C.	Keynes Commission
D.	None of the above
Answer» C. Keynes Commission

Discussion

61.	Which of the following banks was inaugurated by Mahatma Gandhi in 1919?
A.	Bank of Maharashtra
B.	Bank of Baroda
C.	State Bank of Saurashtra
D.	Union Bank of India
Answer» E.

Discussion

62.	The only merger of two public sector banks took place between -
A.	Bank of India and New Bank of India
B.	Punjab National Bank and New Bank of India
C.	Allahabad Bank and United Bank of India
D.	Punjab National Bank and Bank of Rajasthan
Answer» C. Allahabad Bank and United Bank of India

Discussion

63.	Which of the following public sector banks has the largest number of branches in foreign countries?
A.	Bank of India
B.	Bank of Baroda
C.	Punjab National Bank
D.	Corporation Bank
Answer» C. Punjab National Bank

Discussion

64.	What is the frequency of publishing of the Report on management of Forex Exchange Reserves (FER) by RBI?
A.	Monthly
B.	Quarter
C.	Half-year
D.	Annually
Answer» D. Annually

Discussion

65.	What is the minimum paid up capital and reserve requirement needs to maintain by bank in order to classify as Scheduled Commercial Banks?
A.	Rs 1 lakh
B.	Rs 5 lakh
C.
D.	D.
Answer» C.

Discussion

66.	Regional Rural Banks are sponsored by
A.	Nationalised Commercial Bank
B.	Reserve Bank of India
C.	State Bank of India
D.	Government of India
Answer» B. Reserve Bank of India

Discussion

67.	The Imperial Bank of India, after its nationalization came to be known as
A.	Reserve Bank of India
B.	State Bank of India
C.	United Bank of India
D.	Indian Overseas Bank
Answer» C. United Bank of India

Discussion

68.	Banking in India is controlled by :
A.	Reserve Bank of India
B.	Union Finance Commission
C.	Union Ministry of Finance
D.	Union Ministry of Commerce
Answer» B. Union Finance Commission

Discussion

69.	In which year was the Imperial Bank of India rechristened as State Bank of India?
A.	1955
B.	1957
C.	1962
D.	1965
Answer» B. 1957

Discussion

70.	The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called
A.	Cash reserves
B.	Deposit reserves
C.	Excess reserves
D.	Momentary reserves
Answer» D. Momentary reserves

Discussion

71.	At which of the following cities is the Head Office of Reserve Bank of India located?
A.	Mumbai
B.	New Delhi
C.	Kolkata
D.	Dehradun
Answer» B. New Delhi

Discussion

72.	What does M in M-Banking Facility being offered by banks to their customers, stand for?
A.	Money
B.	Marginal
C.	Message
D.	Mobile Phone
Answer» E.

Discussion

73.	Which of the following is/are true about the Sub-Prime Crisis? 1. It is a mortgage crisis referring to credit default by the borrowers. 2. Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers. 3. This crisis originated because of negligence in credit rating of the borrowers.
A.	Only 1
B.	Only 2
C.	Only 3
D.	All 1, 2, and 3
Answer» E.

Discussion

74.	With which of following types of loans are teaser rates related?
A.	Home loans
B.	Personal loans
C.	Auto loans
D.	Reverse mortgage loans
Answer» B. Personal loans

Discussion

75.	Bank rate is decided by which of the following?
A.	Reserve Bank of India
B.	Government Of India
C.	State Bank of India
D.	Securities and Exchange Board of India
Answer» B. Government Of India

Discussion

76.	The share of State Govt in the capital of Regional Rural Bank is
A.	50%
B.	35%
C.	25%
D.	15%
Answer» E.

Discussion

77.	In which denomination were India's first bimetallic coins issued in the year 2009?
A.	Rs. 100
B.	Rs. 5
C.	Rs. 10
D.	Re. 1
Answer» D. Re. 1

Discussion

78.	With which of the following is SARFAESI Act 2002 related?
A.	Recovery of bad loans
B.	Regulation of Foreign Exchange
C.	Fixation of interest rates
D.	Acquisition of small banks
Answer» B. Regulation of Foreign Exchange

Discussion

79.	ATMs that are owned and managed by non-banking entities are known as -
A.	Red Label ATMs
B.	White Label ATMs
C.	Green Label ATMs
D.	Blue Label ATMs
Answer» C. Green Label ATMs

Discussion

80.	Which of the following is not the function of the Reserve Bank of India ?
A.	Acting as banker to the Government
B.	Keeping of Foreign Exchange Reserve
C.	Issuing of one rupee notes and coins
D.	Regulating credit in the country
Answer» D. Regulating credit in the country

Discussion

81.	Regional Rural Banks were established in the year
A.	1969
B.	1972
C.	1973
D.	1975
Answer» E.

Discussion

82.	Which of the following is the apex institution which handles refinance for agriculture and rural development in India?
A.	RBI
B.	SIDBI
C.	NABARD
D.	SEBI
Answer» D. SEBI

Discussion

83.	In which year was the Reserve Bank of India established ?
A.	1935
B.	1947
C.	1949
D.	1952
Answer» B. 1947

Discussion

84.	Expand the term LIBOR as used in financial banking sectors?
A.	Local Indian Bank Offered Rate
B.	London-India Bureau Of Regulations
C.	Liberal International Bank Official Ratio
D.	London Inter Bank Offered Rate
Answer» E.

Discussion

85.	Which is the country s third largest private sector lender whose name has been officially changed to the Axis Bank ltd. ?
A.	HDFC Bank
B.	Lord Krishna Bank
C.	Centurion Bank
D.	UTI Bank
Answer» E.

Discussion

Explore topic-wise MCQs in The Reserve Bank of India.

What are teaser loan rates charged by banks?

Expand the term EMI as used in banking/finance sector?

Which of the following terms is used in banking field?

After State Bank of India, which of the following banks has the largest number of offices?

Which of the following rates are reviewed by the RBI at the time of periodical review of the policy? 1. Bank rate 2. Repo rate 3, Savings bank rate

Who was the first governor of Reserve Bank of India from Indian origin?

When was R.B.I. nationalised?

Who mints the coins in India?

Which of the following is not the work of RBI?

On which commission s recommendations; Reserve Bank of India was established?

Which of the following banks was inaugurated by Mahatma Gandhi in 1919?

The only merger of two public sector banks took place between -

Which of the following public sector banks has the largest number of branches in foreign countries?

What is the frequency of publishing of the Report on management of Forex Exchange Reserves (FER) by RBI?

What is the minimum paid up capital and reserve requirement needs to maintain by bank in order to classify as Scheduled Commercial Banks?

Regional Rural Banks are sponsored by

The Imperial Bank of India, after its nationalization came to be known as

Banking in India is controlled by :

In which year was the Imperial Bank of India rechristened as State Bank of India?

The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called

At which of the following cities is the Head Office of Reserve Bank of India located?

What does M in M-Banking Facility being offered by banks to their customers, stand for?

With which of following types of loans are teaser rates related?

Bank rate is decided by which of the following?

The share of State Govt in the capital of Regional Rural Bank is

In which denomination were India's first bimetallic coins issued in the year 2009?

With which of the following is SARFAESI Act 2002 related?

ATMs that are owned and managed by non-banking entities are known as -

Which of the following is not the function of the Reserve Bank of India ?

Regional Rural Banks were established in the year

Which of the following is the apex institution which handles refinance for agriculture and rural development in India?

In which year was the Reserve Bank of India established ?

Expand the term LIBOR as used in financial banking sectors?

Which is the country s third largest private sector lender whose name has been officially changed to the Axis Bank ltd. ?