MCQOPTIONS
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MCQOPTIONS
This section includes 3653 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.
| 1601. |
The East Asia Summit took place in October 2009 in Hua Hin town. This is a town in— |
| A. | China |
| B. | Myanmar |
| C. | Cambodia |
| D. | Malaysia |
| E. | Thailand |
| Answer» F. | |
| 1602. |
Waste Water generates which of the following gases which is more powerful and dangerous than CO2 ? |
| A. | Nitrogen |
| B. | Sulphur di-oxide |
| C. | Hydrogen |
| D. | Methane |
| E. | None of these |
| Answer» E. None of these | |
| 1603. |
OPEC is a group of countries which are— |
| A. | Exporting oil |
| B. | Producing cotton |
| C. | Rich and developed |
| D. | Developing and poor |
| E. | Nuclear powers |
| Answer» B. Producing cotton | |
| 1604. |
Nirupama Rao is appointed new Ambassador of India to— |
| A. | Germany |
| B. | France |
| C. | Russia |
| D. | USA |
| E. | China |
| Answer» E. China | |
| 1605. |
Famous sufi saint Nizamuddin Auliya settled in Delhi during the times of __: |
| A. | Akbar |
| B. | Jahangir |
| C. | Shahjahan |
| D. | Aurangjeb |
| Answer» B. Jahangir | |
| 1606. |
The drain theory of Dadabhai Naoroji was formally accepted in which among the sessions of the Indian National Congress? |
| A. | Benaras session, 1905 |
| B. | Calcutta session, 1906 |
| C. | Surat session, 1907 |
| D. | None of the above |
| Answer» E. | |
| 1607. |
President Barack Obama was on a visit to India a few months back. His visit is said to have forged both the nations into a new era of relations. India managed to sign a special agreement with US in which of the following fields/areas as a byproduct of the visit of Obama ? Energy sector and Nuclear energy as US has lifted sanctions on supply of high tech machines. Skill Development Programmes in IT sector in which US has super-specialisation. Training in management of Micro finance Institutions. |
| A. | Only 1 |
| B. | Only 2 |
| C. | Only 1 and 3 |
| D. | Only 2 and 3 |
| E. | Only 1 and 2 |
| Answer» B. Only 2 | |
| 1608. |
As per the announcement made by the RBI some Stock Exchanges in India are allowed to introduce Plain Vanilla Currency Options. The term Plain Vanilla Currency Options is associated with which of the following activities / operations ? |
| A. | Dollar – Rupee Exchange Rate |
| B. | Floating of Commercial Papers |
| C. | Launch of new mutual funds |
| D. | Deciding the opening price of a share on a particular business day |
| E. | None of these |
| Answer» B. Floating of Commercial Papers | |
| 1609. |
On which one of the following issues, there had been a dispute between IRDA and SEBI ? |
| A. | ULIP products |
| B. | Violation of SEBI guidelines in respect of investment by big companies in equities |
| C. | Violation of SEBI guidelines about disclosures to be made by the companies |
| D. | Overlapping of the functions of IRDA and SEBI |
| E. | None of these |
| Answer» B. Violation of SEBI guidelines in respect of investment by big companies in equities | |
| 1610. |
Mr. Najib Razak is the new Prime Minister of — |
| A. | Myanmar |
| B. | Indonesia |
| C. | Malaysia |
| D. | Thailand |
| E. | None of these |
| Answer» D. Thailand | |
| 1611. |
Scheduled commercial banks can install offsite ATMs at centres/places identified by them, without taking RBFs prior approval provided [RBI Grade B 2013] |
| A. | The business transacted at the offsite ATM is recorded in the books of respective branch/base branch/centralised data centre |
| B. | No person other than the security guard is posted at the offsite ATM |
| C. | Third party advertisement, such as, products of other manufacturers/ dealers/vendors are not displayed on the ATM screens/network |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 1612. |
Banks in India are required to maintain a portion of their demand and time liabilities with the Reserve Bank of India. This portion is called [SBI PO 2013] |
| A. | statutory liquidity ratio |
| B. | cash reserve ratio |
| C. | bank deposit |
| D. | reverse repo |
| E. | government securities |
| Answer» C. bank deposit | |
| 1613. |
Which one of the following deficits deducted the interest payments to internal and external debt from the fiscal deficit to calculate the deficit of an economy? |
| A. | Revenue deficit |
| B. | Twin deficit |
| C. | Primary deficit |
| D. | Budgetary deficit |
| E. | None of the above |
| Answer» D. Budgetary deficit | |
| 1614. |
Which of the following is known as Plastic Money? [Indian Overseas Bank 2011] I. Demand Draft II. Credit Card III. Debit Card Select the correct answer using the codes given below |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | Both II and III |
| E. | All of these |
| Answer» E. All of these | |
| 1615. |
Direct Tax Code (DTC) Bill 2010 was introduced in Parliament to overcome the complications of |
| A. | Wealth Tax and Gift Tax |
| B. | Excise Duties |
| C. | Custom Duties and Sales Tax |
| D. | All Direct Taxes |
| E. | None of the above |
| Answer» D. All Direct Taxes | |
| 1616. |
The Union Budget 2015-16 announced additional surcharge for the super-rich with income of over Rs. 1 crore. At what rate will this surcharge be charged? [SBI PO 2015] |
| A. | 1% |
| B. | 0.02 |
| C. | 3% |
| D. | 0.04 |
| E. | 0.06 |
| Answer» B. 0.02 | |
| 1617. |
Value added services means [SBI PO 2013] |
| A. | low cost products |
| B. | high cost products |
| C. | at par services |
| D. | additional services for the same cost |
| E. | giving discounts |
| Answer» E. giving discounts | |
| 1618. |
Service tax was introduced in India in the year |
| A. | 1993 |
| B. | 1994 |
| C. | 2000 |
| D. | 2004 |
| E. | 2005 |
| Answer» C. 2000 | |
| 1619. |
As we all know India has a three-tier structure of tax administration. There are taxes levied by Central Government, State Governments and Local Governments. Which of the following taxes is levied by the local government bodies? |
| A. | Value Added Tax |
| B. | Stamp Duty |
| C. | Service Tax |
| D. | Land Revenue |
| E. | Tax on water supply and drainage etc |
| Answer» F. | |
| 1620. |
Which of the following taxes is not levied by the Union Government? |
| A. | Customs |
| B. | Corporate Tax |
| C. | Land Revenue |
| D. | Income Tax |
| E. | Surcharge on Income Tax |
| Answer» D. Income Tax | |
| 1621. |
Which of the following is the target fixed for maintaining fiscal deficit in the Union Budget of India? [Allahabad Bank 2011] |
| A. | 4.6% of total budget |
| B. | 4.6% of GDP |
| C. | 3.6% of total budget |
| D. | 3.6% of GDP |
| E. | None of these |
| Answer» C. 3.6% of total budget | |
| 1622. |
Excise duty is the tax levied on [SBI Associate 2012] |
| A. | production of goods |
| B. | Import of goods |
| C. | sale of goods |
| D. | profit on sale of goods |
| E. | Income from other sources |
| Answer» D. profit on sale of goods | |
| 1623. |
Using an ATM, customers can [RBI Grade B 2013] |
| A. | access their bank accounts in order to make cash withdrawals (or credit card cash advances) |
| B. | check their account balances |
| C. | purchase cell phone prepaid credit |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 1624. |
Among which of the following is related to bank risks? |
| A. | Deposits |
| B. | Bank funds |
| C. | NPA |
| D. | All of these |
| E. | None of these |
| Answer» D. All of these | |
| 1625. |
With effect from July 1, 2012, for calculation of lending rates, the Reserve Bank of India has advised banks to switch over to the [IBPS PO 2013] |
| A. | MSF Rate System |
| B. | Reverse Repo Rate System |
| C. | Bank Rate System |
| D. | Repo Rate System |
| E. | Base Rate System |
| Answer» B. Reverse Repo Rate System | |
| 1626. |
Which of the following duty was levied on the total property passing to the heirs on the death of a person? |
| A. | Custom Duty |
| B. | Estate Duty |
| C. | Excise Duty |
| D. | Wealth Tax |
| E. | All of these |
| Answer» B. Estate Duty | |
| 1627. |
The installation of 'Talking ATMs' is aimed at making ATMs friendly for [RBI Grade B 2015] |
| A. | minors |
| B. | foreigners |
| C. | differently-abled users |
| D. | senior citizens |
| E. | non-costumers |
| Answer» D. senior citizens | |
| 1628. |
Which one of the following is the major source of the revenue to State Government in India? |
| A. | Agriculture income tax |
| B. | Professional tax |
| C. | General sales tax |
| D. | Stamp duties |
| E. | All of these |
| Answer» D. Stamp duties | |
| 1629. |
Which one of the following is refer to the use of taxation, public expenditure and the management of public debt in order to achieve certain specified objectives? |
| A. | Fiscal policy |
| B. | Trade policy |
| C. | Revenue policy |
| D. | None of these |
| E. | All of these |
| Answer» D. None of these | |
| 1630. |
Consider the true statements regarding provision under the black money (undisclosed foreign income and assets) and Imposition of Tax Bill, 2015 I. Undisclosed foreign income or assets shall be taxed at the rate of 30%. II. The punishment would be rigrous imprisonment from 3 to 10 yr. III. Maximum penalty of Rs. 1 crore with imprisonment. Select the correct answer using the codes given below |
| A. | I and II |
| B. | Only II |
| C. | II and III |
| D. | Only III |
| E. | I, II and III |
| Answer» F. | |
| 1631. |
Recently, India has decided to introduce plastic currency notes. A number of other countries are already using plastic notes, but the pioneer in this field, is [SBI Clerk 2015] |
| A. | Sweden |
| B. | England |
| C. | France |
| D. | United States of America |
| E. | Australia |
| Answer» F. | |
| 1632. |
Krishi Kalyan Cess is a levy/tax imposed by Union Government on all services tax, at the rate of......... for financing improvement of agriculture and welfare of farmer. |
| A. | 0.01% |
| B. | 0.2% |
| C. | 0.5% |
| D. | 0.01 |
| E. | 0.015 |
| Answer» D. 0.01 | |
| 1633. |
The ratio of deposits to loans of a bank is known as [SBI Clerk 2015] |
| A. | NPA coverage ratio |
| B. | Return on asset ratio |
| C. | Asset coverage ratio |
| D. | CD ratio |
| E. | Other than those given as options |
| Answer» E. Other than those given as options | |
| 1634. |
VAT was introduced in |
| A. | 1995 |
| B. | 1997 |
| C. | 1999 |
| D. | 2002 |
| E. | 2007 |
| Answer» B. 1997 | |
| 1635. |
For which of the following, the Reserve Bank of India has stipulated the maximum capital adequacy requirement? [IBPS Clerk 2015] |
| A. | Private Sector Banks |
| B. | Banks that undertake insurance business |
| C. | Local Area Banks |
| D. | Scheduled Commercial Banks |
| E. | None of the above |
| Answer» E. None of the above | |
| 1636. |
Which of the following policies is known as Annual Policy Statement? [Corporation Bank 2011] |
| A. | Annual budget of Central Government |
| B. | Credit and monetary policy of RBI |
| C. | Foreign trade policy of DGFT |
| D. | Regulations issued by SEBI |
| E. | None of the above |
| Answer» C. Foreign trade policy of DGFT | |
| 1637. |
EFT POS stands for [IBPS PO 2016] |
| A. | Electronic Funds Transfer at Pre of Sale |
| B. | Electronic Funds Transfer at Prepaid of Sale |
| C. | Electronic Funds Transfer at Point of Sale |
| D. | Electronic Funds Transfer at Present of Sale |
| E. | Electronic Funds Terminals at Point of Sale |
| Answer» D. Electronic Funds Transfer at Present of Sale | |
| 1638. |
Reason for cost push inflation is |
| A. | increase in wage rate |
| B. | increase in interest rate |
| C. | increase in the price of raw material |
| D. | increase in indirect tax |
| E. | decrease in cost of production |
| Answer» D. increase in indirect tax | |
| 1639. |
Which of the following statements about withdrawing cash from ATM of other banks are correct? [RBI Grade B 2013] |
| A. | There will be no charge for withdrawing money from other banks' ATMs up to five occasions in a month |
| B. | 'Free access to other banks' ATMs subject to ceiling of Rs. 10000 transaction |
| C. | If the ATM of other banks is accessed for more than five times a month, banks may levy charges up to Rs. 20 per transaction |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 1640. |
Expand the term FRBM. [Indian Overseas Bank 2011] |
| A. | Financial Responsibility and Business Management |
| B. | Fiscal Responsibility and Business Management |
| C. | Financial Responsibility and Budge Management |
| D. | Fiscal Responsibility and Budget Management |
| E. | Formal Responsibility and Business Management |
| Answer» E. Formal Responsibility and Business Management | |
| 1641. |
The term ATM refers to [RBI Grade B 2013; [SBI Associate 2012] |
| A. | Asynchronous Transfer Mode |
| B. | Advanced Technical Material |
| C. | Automated Teller Machine |
| D. | Arabian Travel Market |
| E. | None of the above |
| Answer» D. Arabian Travel Market | |
| 1642. |
CRR funds are kept by the banks in [IBPS Clerk 2015] |
| A. | cash in hand at branches |
| B. | balance with other banks |
| C. | balance in a special account with RBI |
| D. | funds in the currency chest |
| E. | None of the above |
| Answer» D. funds in the currency chest | |
| 1643. |
Which of the following are the direct taxes? |
| A. | Income Tax |
| B. | Gift Tax |
| C. | Wealth Tax |
| D. | both a and b |
| E. | All the above |
| Answer» C. Wealth Tax | |
| 1644. |
The Reserve Bank of India does not decide the [RBI Assistant 2012] |
| A. | Rate of Repo and Reverse Repo |
| B. | Marginal Standing Facility Rates |
| C. | Bank Rate |
| D. | Rate of Dearness Allowance to Government Employees |
| E. | Statutory Liquidity Ratio |
| Answer» E. Statutory Liquidity Ratio | |
| 1645. |
The concept of 'Micro Credit' essentially concentrates on [IBPS PO 2013] |
| A. | consumption smoothening as and when needed |
| B. | providing safe place to hold savings |
| C. | accepting deposits |
| D. | provision of credit to the poor |
| E. | facility to transfer money |
| Answer» F. | |
| 1646. |
Which of the following is not a reason for demand pull inflation? |
| A. | Shortage of consumer goods |
| B. | More exports |
| C. | Economic growth |
| D. | Less import |
| E. | More exports and less imports |
| Answer» B. More exports | |
| 1647. |
Assessment of Government deficits can be done on following basis. I. Fiscal Deficit II. Revenue Deficit III. Non-plan deficit Select the correct answer using the codes given below |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | All of these |
| E. | Bolls I and II |
| Answer» F. | |
| 1648. |
Minimum Alternative tax was introduced in India for the first time in the year |
| A. | 1990-91 |
| B. | 1991-92 |
| C. | 1997-98 |
| D. | 1980-81 |
| E. | 2000-01 |
| Answer» D. 1980-81 | |
| 1649. |
'Hedging' denotes |
| A. | protecting against fluctuations/ uncertainty risk in forex markets |
| B. | credit risk assessment in respect of advance |
| C. | speculative buying/selling of foreign currency |
| D. | capital risk assessment in respect of advances |
| E. | None of the above |
| Answer» B. credit risk assessment in respect of advance | |
| 1650. |
Which of the following instruments of credit control adopted by the Reserve Bank of India (RBI) does not fall within 'general' or 'quantitative' methods of credit control? [IBPS Clerk 2015] |
| A. | Bank rate |
| B. | Open market operations |
| C. | Stipulation of certain minimum margin in respect of advance against specified commodities |
| D. | Variable reserve requirements |
| E. | None of the above |
| Answer» D. Variable reserve requirements | |