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.
| 1751. |
Which of the following is not considered a money market instrument? [IBPS 2011] |
| A. | Treasury bills |
| B. | Repurchase Agreement |
| C. | Commercial Paper |
| D. | Certificate of Deposit |
| E. | Shares and bonds |
| Answer» F. | |
| 1752. |
Credit Rating [Corporation Bank 2011] |
| A. | is used to rate the borrowers while giving advances. |
| B. | is used to work out performance of the employees. |
| C. | is used to calculate the number of excellent auditrated branches. |
| D. | is not used in any bank. |
| E. | is necessary before giving promotion to employees. |
| Answer» B. is used to work out performance of the employees. | |
| 1753. |
Structure of Basel II is based on how many pillars? [Indian Overseas Bank 2011] |
| A. | Two |
| B. | Ten |
| C. | Four |
| D. | Five |
| E. | Three |
| Answer» F. | |
| 1754. |
What do you understand by 'Para Banking' services?" [Allahabad Bank 2011] |
| A. | Eligible financial services rendered by banks |
| B. | Utility services provided by banks |
| C. | Services provided through business correspondents |
| D. | Services provided to armed force personnel |
| E. | None of these |
| Answer» B. Utility services provided by banks | |
| 1755. |
Many times we read in newspapers that a company is planning to bring a public issue. What does it mean? [Syndicate 2010] (1) Shares of the company will be issued only through public sector organisations like banks/Central financial institutions etc. (2) Shares of the company will be issued to general public only through primary market. (3) This means some stakeholders / promoters are willing to leave the company. Hence they wish to sell their stock to the general public. |
| A. | Only (1) |
| B. | Only (2) |
| C. | Only (3) |
| D. | All (1), (2) & (3) |
| E. | None of these |
| Answer» C. Only (3) | |
| 1756. |
Which of the following is NOT associated with climate change and/or global warming? [Allahabad Bank 2010] |
| A. | Basel norms |
| B. | Ball Meet 2007 |
| C. | Copenhagen Conference |
| D. | Kyoto Protocol |
| E. | Bangkok Meet in 2009 |
| Answer» B. Ball Meet 2007 | |
| 1757. |
Which of the following is/are correct about the "Operational Risk' as used in the field of banking? [UBOI 2008] (1) Risk of loss due to inadequate or failed internal process. (2) Risk of loss due to natural calamities. (3) Loss occurred due to non-compliance of legal procedures. |
| A. | Only (1) |
| B. | Only (2) |
| C. | Only (3) |
| D. | All (1), (2) & (3) |
| E. | None of these |
| Answer» B. Only (2) | |
| 1758. |
As per the reports in the leading newspapers the Securities & Exchange Board of India (SEBI) has asked the Mutual Fund industry to stop "Misselling" their schemes to investors. What is "Misselling" of products? [BOM2008] (1) Misselling takes place when mutual funds are sold without telling the likely returns. (2) When agents sell-'the products without telling investors what are the risks involved in investing in mutual funds (3) When agents invest somebody's money in mutual funds without their knowledge, it is called misselling. |
| A. | Only (1) |
| B. | Only (2) |
| C. | Only (3) |
| D. | All (1), (2) & (3) |
| E. | None of these |
| Answer» F. | |
| 1759. |
Which of the following is not a part of Money Market? (SBI 2015) |
| A. | Treasury Bill |
| B. | Commercial Papers |
| C. | Mutual Funds |
| D. | Certificate of Deposits |
| E. | None of these |
| Answer» F. | |
| 1760. |
In economic terms, the total market value of all final goods and services produced in a country in a given year is known as----- (IBPS 2015) |
| A. | GNI |
| B. | GDP |
| C. | Inflation |
| D. | PPP |
| E. | Wealth of a nation |
| Answer» C. Inflation | |
| 1761. |
Commercial paper (CP) is issued in the form of. (IBPS 2014) |
| A. | credit ratings |
| B. | credit fund |
| C. | Promissory notes |
| D. | securities |
| E. | None of these |
| Answer» D. securities | |
| 1762. |
How RBI measured to liquidate the market? (IBPS 2014) |
| A. | By Reverse Repo rate |
| B. | By Repo rate |
| C. | By Cash Reserve Ratio |
| D. | By Statutory liquidity ratio |
| E. | None of these |
| Answer» C. By Cash Reserve Ratio | |
| 1763. |
What is the maximum denomination for which coins can be produced in India? (IBPS 2011) |
| A. | Rs. 1000 |
| B. | Rs. 10 |
| C. | Rs. 100 |
| D. | Rs. 50 |
| E. | Rs. 5 |
| Answer» B. Rs. 10 | |
| 1764. |
Coins which were minted with the 'Hand Picture' are available since (IOB 2010) |
| A. | independence |
| B. | 1965 |
| C. | 2000 |
| D. | 2005 |
| E. | 2010 |
| Answer» E. 2010 | |
| 1765. |
In which year will the government set up the Monetary Policy Panel Committee? (SBI Main 2016) |
| A. | 2016 |
| B. | 2018 |
| C. | 2017 |
| D. | 2019 |
| E. | 2020 |
| Answer» D. 2019 | |
| 1766. |
Ringgit is the currency of (SBI 2014) |
| A. | Cambodia |
| B. | South Korea |
| C. | Malaysia |
| D. | Indonesia |
| E. | Myanmar |
| Answer» D. Indonesia | |
| 1767. |
Which of the following types of mutual funds is not marked with BROWN color? (IBPS 2014) |
| A. | Diversified funds |
| B. | Income funds |
| C. | Sectoral funds |
| D. | Index funds |
| E. | Large-cap funds |
| Answer» C. Sectoral funds | |
| 1768. |
Which of the following is correct regarding the Statutory Liquidity ratio (SLR)? (IBPS 2014) |
| A. | It restricts commercial bank's leverage in pumping more money into the economy |
| B. | It is maintained only in form of cash |
| C. | It controls liquidity in banking system |
| D. | It does not ensure the solvency of commercial banks |
| E. | None of these |
| Answer» B. It is maintained only in form of cash | |
| 1769. |
When did RBI demonetise 25 paise coins in the country? (Vijaya Bank 2008) |
| A. | 2010 |
| B. | 2008 |
| C. | 2011 |
| D. | 2009 |
| E. | 2005 |
| Answer» F. | |
| 1770. |
In which form is the Cash Reserve Ratio (CRR) to be maintained with the Reserve Bank of India? (IBPS 2014) |
| A. | Minimum cash reserves |
| B. | Gold |
| C. | Approved Securities |
| D. | Both [a] and [b] |
| E. | All of the above |
| Answer» B. Gold | |
| 1771. |
An Equity share is also commonly referred to as (IBPS 2013) |
| A. | ordinary share |
| B. | debenture, |
| C. | convertible share |
| D. | security receipt |
| E. | preferred stock |
| Answer» B. debenture, | |
| 1772. |
The rate of inflation increases when the purchasing power of money_______. (IBPS Main 2016) |
| A. | Decreases |
| B. | Increases |
| C. | Stable |
| D. | Decrease just half |
| E. | None of these |
| Answer» B. Increases | |
| 1773. |
If the rupee depreciates, how the exporters are affected? (IBPS Main 2016) |
| A. | They are unaffected |
| B. | They are in loss |
| C. | They are in profit |
| D. | They get credit crunch |
| E. | None of these |
| Answer» D. They get credit crunch | |
| 1774. |
Currency risk is the potential risk of loss from fluctuating foreign exchange rates when an investor has exposure to foreign currency or in foreign-currency-traded investments. Currency risk is sometimes referred to as- (SBI Main 2016) |
| A. | Monetary Rate |
| B. | Export Rate |
| C. | Trade Rate |
| D. | Exchange-rate risk |
| E. | None of the above |
| Answer» E. None of the above | |
| 1775. |
The difference between the outflow and inflow of foreign currency is known as _____ (SBI 2015) A. Foreign Exchange Reserves B. Current Account Deficit C. Fiscal Deficit D. Balance of Payments |
| A. | Only A |
| B. | Only B |
| C. | Only C |
| D. | Only D |
| E. | None of these |
| Answer» C. Only C | |
| 1776. |
Cash Reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank. CRR is set according to the guidelines of the central bank of a country. CRR controls- (SBI Main 2016) |
| A. | It cheaper for banks to borrow money |
| B. | Is a tool, which central bank uses for short-term purposes |
| C. | Greater control to the central bank over money supply |
| D. | Marking a shift from earlier method of calibrating various policy rates separately |
| E. | None of these |
| Answer» D. Marking a shift from earlier method of calibrating various policy rates separately | |
| 1777. |
What term is used for maximum capital which the company can raise in its life time? (SBI 2015) |
| A. | Authorized Capital |
| B. | Registered Capital |
| C. | Nominal Capital |
| D. | All of them |
| E. | None of these |
| Answer» E. None of these | |
| 1778. |
Which of the following banks has opened the country's first "Cash Factory" in Lucknow which will issue currency notes to all its branches and ATMs in the area? (Andhara Bank 2009) |
| A. | Bank of India |
| B. | Bank of Baroda |
| C. | State Bank of India |
| D. | Union Bank of India |
| E. | None of these |
| Answer» D. Union Bank of India | |
| 1779. |
As per the news published in major newspapers journals hence forth the Credit Card holders will be able to access their credit card information though automated interactive voice response system over the phone instead of speaking to the staff. This decision of the banks/credit card companies will provide [Corporation Bank 2009] (1) an additional hurdle to the customers as people feel comfortable in talking to the staff instead of talking to a machine. (2) an additional security to the customers as this does not allow any staff to handle any transaction directly. (3) Some comfort to the banks as they will be able to reduce their staff strength. |
| A. | Only (1) |
| B. | Only (2) |
| C. | Only (3) |
| D. | All (1), (2) & (3) |
| E. | Only (1) & (3) |
| Answer» B. Only (2) | |
| 1780. |
As we all know, more and more countries/ organisations are now going for Non-Cash Transactions and accordingly Banks have launched many new products in the market for the same. Which of the following products is a non-cash transaction product? [UBI 2009] |
| A. | Only ATM Card |
| B. | Only Credit Card |
| C. | Only Prepaid Card |
| D. | Only Debit Card |
| E. | All are non-cash transaction products. |
| Answer» F. | |
| 1781. |
Which of the following is the limitation of the ATMs owing to which people are required to visit branches of the bank? [IOB 2008] (1) It does not accept deposits. (2) It has a limited cash disbursement capacity. (3) Lack of human interface. |
| A. | Only (1) |
| B. | Only (2) |
| C. | Only (3) |
| D. | All (1), (2) & (3) |
| E. | None of these are limitations |
| Answer» E. None of these are limitations | |
| 1782. |
Bharat Bill Payment System is a major component of the retail payment transactions in India, and is characterized by the presence of large number of billers, who provide a variety of payment options to their customers. According to information available on the RBI website, the top 20 cities are generating INR how much amount in bill payments every year? [SBI Main 2016] |
| A. | INR 16,810 billion |
| B. | INR 4,703 billion |
| C. | INR 10,172 billion |
| D. | INR 6,223 billion |
| E. | None of the above |
| Answer» E. None of the above | |
| 1783. |
Which is a hybrid security/ combining features of preferred stock and corporate bonds? [SBI Main 2016] |
| A. | UPI |
| B. | NPCI |
| C. | NEFT |
| D. | MIPS |
| E. | RTGS |
| Answer» E. RTGS | |
| 1784. |
EFTPOS is an electronic payment system involving electronic funds transfers based on the use of payment cards, such as debit or credit cards, at payment terminals located at points of sale. What is E in EFTPOS?[SBI Main 2016] |
| A. | Electronic |
| B. | Essential |
| C. | Every |
| D. | Effective |
| E. | None of the above |
| Answer» B. Essential | |
| 1785. |
'FLASHremit' service to offer an instant bank transfer service to the Indians residing in the Gulf nation has been launched by -which bank in association with UAE exchange? [IBPS 2015] |
| A. | HDFC bank |
| B. | SBI |
| C. | Axis bank |
| D. | ICICI bank |
| E. | None of these |
| Answer» E. None of these | |
| 1786. |
What is the full form of NBFC as used in the financial sector? [IBPS 2015] |
| A. | New Banking Finance Company |
| B. | National Banking & Finance Corporation |
| C. | Non Business Fund Company |
| D. | New Business Finance & Credit |
| E. | None of these |
| Answer» C. Non Business Fund Company | |
| 1787. |
What does stand for "S" in RTGS? [IBPS 2015] |
| A. | Security |
| B. | Services |
| C. | Settlement |
| D. | System |
| E. | None of these |
| Answer» D. System | |
| 1788. |
Which bank has launched first equated EMI on debit cards? [IBPS 2014] |
| A. | ICICI |
| B. | HDFC |
| C. | SBI |
| D. | Indian |
| E. | None of these |
| Answer» B. HDFC | |
| 1789. |
What is the secured messaging system device used by IDBRT in the field of banking'? [SBI 2014] |
| A. | NEFT |
| B. | SFMS |
| C. | RTGS |
| D. | EFT |
| E. | All of the above |
| Answer» C. RTGS | |
| 1790. |
Which of the following is referred as fastest mode of transaction? [IBPS 2014] |
| A. | Transfer funds into different bank's accounts using NEFT (National Electronic Funds Transfer). |
| B. | Transfer funds into other bank accounts using RTGS (Real Time Gross Settlement). |
| C. | Transfer funds into various accounts using IMPS (Immediate Payment Service). |
| D. | Transfer funds into different account of the same bank |
| E. | None of these |
| Answer» C. Transfer funds into various accounts using IMPS (Immediate Payment Service). | |
| 1791. |
Which of the following is known as Plastic money? [Vijaya Bank 2008] (1) Demand Draft (2) Credit Card (3) Debit Card |
| A. | Only (1) |
| B. | Only (2) |
| C. | Only (3) |
| D. | Both (2) & (3) |
| E. | All (1), (2) & (3) |
| Answer» E. All (1), (2) & (3) | |
| 1792. |
RuPay is an Indian domestic card scheme conceived and launched by [IBPS 2014] |
| A. | National Payments Corporation of India (NPCI) |
| B. | Industrial Finance Corporation of India (IFCI) |
| C. | National Minorities Development & Finance Corporation (NDMC) |
| D. | National Handicapped Finance and Development Corporation (NHFDC) |
| E. | None of these |
| Answer» B. Industrial Finance Corporation of India (IFCI) | |
| 1793. |
What is the full form of MTSS? [IBPS 2014] |
| A. | Money Transfer Service Scheme |
| B. | Money Transparency Service Scheme |
| C. | Market Transfer Service Scheme |
| D. | Market Tax Service Scheme |
| E. | None of these |
| Answer» B. Money Transparency Service Scheme | |
| 1794. |
Which bank has launched India's first contactless credit card for small and mid- sized enterprises (SMEs)? [SBI 2016] |
| A. | Bank of Baroda |
| B. | ICICI |
| C. | HDFC |
| D. | SBI |
| E. | Punjab National Bank |
| Answer» C. HDFC | |
| 1795. |
The Reserve Bank of India (RBI) directed that all banks and white-label ATM operators should have................ chips and pin based card infrastructure on the cards. [SBI 2016] |
| A. | EMP |
| B. | MS-CHAP |
| C. | Dual EC DRBG |
| D. | EMV |
| E. | SHA-1 |
| Answer» E. SHA-1 | |
| 1796. |
In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction? [IBPS 2012] |
| A. | RTGS |
| B. | NEFT |
| C. | TT |
| D. | EFT |
| E. | MT |
| Answer» B. NEFT | |
| 1797. |
A centralised database with online connectivity to branches. Internet as well as ATM network which has been adopted by almost all major banks of our country is known as? [IBPS 2011] |
| A. | Investment banking |
| B. | Core banking |
| C. | Mobile banking |
| D. | National banking |
| E. | Specialised banking |
| Answer» C. Mobile banking | |
| 1798. |
As reported in some newspapers/ magazines, some banks have decided to install Biometric ATMs so that fraudulent withdrawals can be prevented. Biometric ATMs will be able to do so as it also checks [OBC 2008] (1) signatures of the card holders. (2) fingerprints of the card holders. (3) skin colour of the card holders. |
| A. | Only (1) |
| B. | Only (2) |
| C. | Only (3) |
| D. | Both (2) & (3) |
| E. | All (1), (2) & (3) |
| Answer» C. Only (3) | |
| 1799. |
A lot of Banks in India these days are offering M-Banking Facility to their customers. What is the full form of 'M' in 'M-Banking'? [BOB 2008] |
| A. | Money |
| B. | Marginal |
| C. | Message |
| D. | Mutual Fund |
| E. | Mobile Phone |
| Answer» F. | |
| 1800. |
A centralized database with online connectivity to branches. Internet as well as ATM network which has been adopted by almost all major banks of our country is known as [IBPS 2011] |
| A. | investment banking |
| B. | core banking |
| C. | mobile banking |
| D. | national banking |
| E. | specialised banking |
| Answer» C. mobile banking | |