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.
| 1801. |
NEFT means [IBPS 2011] |
| A. | National Electronic Funds Transfer system |
| B. | Negotiated Efficient Fund Transfer System |
| C. | National Efficient Fund Transfer Solution |
| D. | Non Effective Fund Transfer System |
| E. | Negotiated Electronic Foreign Transfer system |
| Answer» B. Negotiated Efficient Fund Transfer System | |
| 1802. |
The full form of PIN in the parlance of an ATM card is [Corporation Bank 2011] |
| A. | Permanent Information Number |
| B. | Personal Identification Number |
| C. | Professional Identification Number |
| D. | Permanent Identification Number |
| E. | Personal Index Number |
| Answer» C. Professional Identification Number | |
| 1803. |
Which of the following is known as Plastic Money? [Indian Overseas Bank 2011] (1) Demand Draft (2) Credit Card (3) Debit Card |
| A. | Only (1) |
| B. | Only (2) |
| C. | Only (3) |
| D. | Both (2) and (3) |
| E. | All (1), (2) and (3) |
| Answer» E. All (1), (2) and (3) | |
| 1804. |
Expand the term SWIFT. [Allahabad Bank 2011] |
| A. | Society for Worldwide International Financial Telecommunications |
| B. | Society for Worldwide Interbank Financial Telecommunication |
| C. | Society for Worldwide International Financial Transfers |
| D. | Society for Worldwide Interbank Fiscal |
| E. | None of these |
| Answer» B. Society for Worldwide Interbank Financial Telecommunication | |
| 1805. |
Which of the following terms is NOT used in banking? [Allahabad Bank 2011] |
| A. | Debit Card |
| B. | Credit Card |
| C. | Kisan Card |
| D. | ELISA Test |
| E. | None of these |
| Answer» E. None of these | |
| 1806. |
Many times we read a term CBS used in banking operation. What is the full form of the letter 'C in the term 'CBS'? [Corporation Bank 2011] |
| A. | Core |
| B. | Credit |
| C. | Continuous |
| D. | Complete |
| E. | None of these |
| Answer» B. Credit | |
| 1807. |
As we all have notices/ banks these days are giving more emphasis on "Branchless Banking". What does this really mean? [Syndicate 2010] (1) Banks will not have many branches as used to be in the good old days. Instead, the number of branches will be restricted and will conduct only a specified core business. (2) Banks will launch/operate many delivery channels like ATMs, Mobile Banking/Internet Banking etc so that people are not required to visit a branch for their usual banking needs. (3) This means banks will issue only debit or credit cards for all types of day-to- day financial transactions. Cheques/ cash payments will not be allowed. |
| A. | Only (1) |
| B. | Only (2) |
| C. | Only (1) & (2) |
| D. | Only (2) & (3) |
| E. | All (1), (2) & (3) |
| Answer» F. | |
| 1808. |
Which of the following is an innovative mechanism adopted by banks to meet the targets fixed for lending to priority sector by the Banks? [Corporation Bank 2010] |
| A. | Buying & Selling of Priority Sector Lending Certification |
| B. | Sale of Kisan Vikas Patra |
| C. | Inter Bank Participation Certificates |
| D. | Adoption of Core Banking Solution |
| E. | None of These |
| Answer» E. None of These | |
| 1809. |
As per the notification issued by the banks, the "third party ATM usage" will now be restricted to certain withdrawals and limits only. What does it really mean? [Indian Bank 2010] (1) The ATM cardholders will not be able to withdraw from other banks' ATMs under any circumstances. (2) Customers of one bank may be able to withdraw only a limited amount from other banks' ATMs. (3) ATM card holders will have to pay a fee if they withdraw money from other banks' ATMs frequently. |
| A. | Only (1) |
| B. | Only (2) |
| C. | Only (3) |
| D. | Only (2) & (3) |
| E. | Only (1) & (3) |
| Answer» E. Only (1) & (3) | |
| 1810. |
Many times we see banks advertise -" anywhere Banking: Anytime Banking". Which of the following product/facilities launched by banks make it possible for the customers to avail banking services 24 hours all seven days?[OBC 2008] (1) ATM (2) Internet Banking (3) Universal cheque book facility |
| A. | Only (1) |
| B. | Only (2) |
| C. | Both (1) & (2) |
| D. | Only (3) |
| E. | All (1), (2) & (3) |
| Answer» D. Only (3) | |
| 1811. |
Many a time we read in newspapers about the benefits of National Electronic Funds Transfer (NEFT), a dlivery service launched by the bank. Why do banks advocate for such delivery channels? [OBC 2008] (1) It is a system, in which no physical transfer takes place, hence risk is very low. (2) In this system banks are not required to transfer any money actually to the account of the customer. Only book adjustment is done. Hence actual fund is not needed. (3) This facility is available to anybody at any place. Even having a bank account is not at all necessary. |
| A. | Only (1) is correct |
| B. | Only (2) is correct |
| C. | Only (3) is correct |
| D. | Both (1) & (2) are correct |
| E. | All (1), (2) & (3) are correct |
| Answer» E. All (1), (2) & (3) are correct | |
| 1812. |
The long term objective of marketing is- [SBI 2015] |
| A. | Customer satisfaction |
| B. | Profit maximization |
| C. | Cost cutting |
| D. | Profit maximization with customer satisfaction |
| E. | None of these |
| Answer» E. None of these | |
| 1813. |
A marketing technique where marketer plays a specific role in a particular segment is called - [SBI 2015] |
| A. | Mass Marketing |
| B. | Niche marketing |
| C. | Strategic Marketing |
| D. | Communication Marketing |
| E. | None of these |
| Answer» C. Strategic Marketing | |
| 1814. |
The process of evaluating each market segment's attractiveness and selecting one or more segments to enter is called____. [SBI 2015] |
| A. | Mass Marketing |
| B. | Market segmentation |
| C. | Market targeting |
| D. | Market positioning |
| E. | None of these |
| Answer» D. Market positioning | |
| 1815. |
Anything can be offered to a market for attention, acquisition, use or consumption that might satisfy a want or need is called a(n). [SBI 2015] |
| A. | Idea |
| B. | Demand |
| C. | Product |
| D. | Service |
| E. | None of these |
| Answer» D. Service | |
| 1816. |
If a company wants to reach masses of buyers that were geographically dispersed at a low cost per exposure/ which promotional form company would choose? [SBI 2015] |
| A. | Advertising |
| B. | Personal selling |
| C. | Public relations |
| D. | Sales promotion |
| E. | None of these |
| Answer» B. Personal selling | |
| 1817. |
Which of the following is not correct with regard to marketing? [SBI 2015] |
| A. | Marketing is management function |
| B. | Marketing is a philosophy |
| C. | Marketing is not related to business activity alone |
| D. | Marketing means selling. |
| E. | Objective of marketing is to achieve customer satisfaction; |
| Answer» E. Objective of marketing is to achieve customer satisfaction; | |
| 1818. |
Meaning of Buyer Resistance in marketing is [SBI 2014] |
| A. | Exchange of products |
| B. | Fight between buyer and seller |
| C. | Buyer retracting the sale |
| D. | Buyer's hesitation in buying the product |
| E. | None of these |
| Answer» E. None of these | |
| 1819. |
A 'Push' marketing strategy necessitates [SBI 2014] |
| A. | Good pushing strength |
| B. | Lengthy talks |
| C. | Collective effort |
| D. | Aggressive marketing |
| E. | None of these |
| Answer» D. Aggressive marketing | |
| 1820. |
Marketing is more required when [SBI 2014] |
| A. | There is monopoly |
| B. | Supply equals demand |
| C. | Supply exceeds demand |
| D. | Staff in excess |
| E. | None of these |
| Answer» D. Staff in excess | |
| 1821. |
Leads can be best sourced from _______. (IBPS 2013) |
| A. | Foreign customers |
| B. | Yellow pages |
| C. | Dictionary |
| D. | List of vendors |
| E. | Local supply chains |
| Answer» C. Dictionary | |
| 1822. |
The share of market means [SBI 2014] |
| A. | Share price quoted in the market |
| B. | Percentage share of business of the company, as compared to peers |
| C. | Staff strength of the company |
| D. | Share capital of the company |
| E. | None of these |
| Answer» C. Staff strength of the company | |
| 1823. |
Which among the following is one of the 7 O's in Framework in Marketing? [SBI 2014] |
| A. | Orthodox |
| B. | Occupation |
| C. | Obnoxious |
| D. | Operations |
| E. | None of these |
| Answer» E. None of these | |
| 1824. |
Market plan can be for [SBI 2014] |
| A. | a brand |
| B. | a product |
| C. | product line |
| D. | All of the above |
| E. | None of these |
| Answer» E. None of these | |
| 1825. |
The key challenge to market-driven strategy is [SBI 2014] |
| A. | Selling maximum products |
| B. | Employing maximum DSAs |
| C. | Delivering superior value to customers |
| D. | Being rigid to changes |
| E. | Adopting short-term vision |
| Answer» D. Being rigid to changes | |
| 1826. |
Mark the incorrect statement [SBI 2014] |
| A. | marketing has no relevance for public sector banks |
| B. | marketing has no relevance in Private Sector Banks |
| C. | marketing has no relevance in Foreign Banks |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 1827. |
Relationship Marketing is useful for [SBI 2014] |
| A. | trade between relatives |
| B. | trade between sister concerns |
| C. | cross-selling of products |
| D. | preparing a list of relatives |
| E. | There is no such term as Relationship Marketing |
| Answer» D. preparing a list of relatives | |
| 1828. |
If Marketing is done effectively, ___ is not required [SBI 2014] |
| A. | Advertisement |
| B. | Publicity |
| C. | Market Research |
| D. | Market Segmentation |
| E. | None of these |
| Answer» C. Market Research | |
| 1829. |
Power in marketing channels is now with ___? [SBI 2014] |
| A. | Distributor |
| B. | Manufacturer |
| C. | Retailer |
| D. | Wholesaler |
| E. | Consumer |
| Answer» F. | |
| 1830. |
Qualities essential in good marketing are __. [SBI 2014] |
| A. | aggressiveness |
| B. | pushy |
| C. | perseverance |
| D. | politeness |
| E. | Only [c] and [d] |
| Answer» F. | |
| 1831. |
Effective selling skills depends on (SBI 2011) |
| A. | Size of the sales team |
| B. | Age of the sales team |
| C. | Peer strength |
| D. | Knowledge level of the sales team |
| E. | Educational level of the sales team |
| Answer» E. Educational level of the sales team | |
| 1832. |
Good competition helps in: [SBI 2012] |
| A. | Improved customer service |
| B. | Reduced sales |
| C. | Improved brand image |
| D. | More market share |
| E. | Better customer profile |
| Answer» B. Reduced sales | |
| 1833. |
Uncertain outcomes involving the market for goods and services; such as the possibility of price declines or increases, changes in consumer preferences, and/ or changes in the nature of competition is called: [SBI 2012] |
| A. | Market Scope |
| B. | Market Risk |
| C. | Market Outlook |
| D. | Market Outcome |
| E. | Market Design |
| Answer» C. Market Outlook | |
| 1834. |
Which one of the following best describes the term 'Negative Demand'? [SBI 2012] |
| A. | Consumers begin to buy a product less frequently |
| B. | Consumers do not at all buy a product |
| C. | Consumers are unaware or uninterested in a product |
| D. | Consumers purchases vary on a seasonal basis |
| E. | Consumers dislike a product and may even pay to avoid it. |
| Answer» F. | |
| 1835. |
Setting price of a product based on the buyer's perceptions of value rather than on the seller's cost is known as [SBI 2012] |
| A. | Break Even Pricing |
| B. | Target Profit Pricing |
| C. | Cost Plus Pricing |
| D. | Value Based Pricing |
| E. | None of these |
| Answer» E. None of these | |
| 1836. |
Motivation in marketing means: [SBI 2012] |
| A. | Inspiring sales persons to talk more |
| B. | Inspiring sales persons to sell more |
| C. | Inspiring counter staff to talk more |
| D. | Market size |
| E. | Marketplace |
| Answer» C. Inspiring counter staff to talk more | |
| 1837. |
Marketing of goods experimentally in several carefully selected areas before releasing them on a wide scale is known as: [SBI 2012] |
| A. | Sampling |
| B. | Segmentation |
| C. | Segregation |
| D. | Test marketing |
| E. | Grading |
| Answer» E. Grading | |
| 1838. |
A situation in which consumer purchases are unplanned is called: [SBI 2012] |
| A. | Latent demand |
| B. | Impulse buying |
| C. | Irregular demand |
| D. | Unwholesome buying |
| E. | None of these |
| Answer» C. Irregular demand | |
| 1839. |
The modern marketing concept asserts that 'marketing' starts with the product idea and ends with: [SBI 2012] |
| A. | Production of Quality Product |
| B. | Advertisement Campaign |
| C. | Customer Satisfaction |
| D. | Sale of the Product |
| E. | Exchange of Money |
| Answer» D. Sale of the Product | |
| 1840. |
Market information means __ [SBI 2012] |
| A. | Knowledge level of DSAs |
| B. | Information about marketing staff |
| C. | Information regarding Share market |
| D. | Knowledge of related markets |
| E. | Latest knowledge about technology progress |
| Answer» D. Knowledge of related markets | |
| 1841. |
The best promotional tool in any marketing is ____ [SBI 2012] |
| A. | Pamphlets |
| B. | Newsletters |
| C. | Word of mouth publicity |
| D. | Regional Advertisement |
| E. | Viral marketing |
| Answer» D. Regional Advertisement | |
| 1842. |
Consumer information sources are. (SBI 2011) |
| A. | personal and commercial sources |
| B. | public source |
| C. | experiential source |
| D. | All of the above |
| E. | only [a] and [b] |
| Answer» F. | |
| 1843. |
Aggressive Marketing is necessitated due to ____ [SBI 2012] |
| A. | Globalisation |
| B. | Increased competition |
| C. | Increased production |
| D. | Increased job and opportunities |
| E. | Increased staff |
| Answer» C. Increased production | |
| 1844. |
Customisation results in ___ [SBI 2012] |
| A. | Customer exit |
| B. | Customer retention |
| C. | Customer complaints |
| D. | Better Balance Sheet figures |
| E. | Better technology |
| Answer» E. Better technology | |
| 1845. |
Service Marketing is resorted to in ____ [SBI 2012] |
| A. | All MNCs |
| B. | All production houses |
| C. | Industrial units |
| D. | Insurance companies and banks |
| E. | Fish markets |
| Answer» E. Fish markets | |
| 1846. |
Good marketing strategy envisages good and proper ____ [SBI 2012] |
| A. | Product distribution |
| B. | Networking of branches |
| C. | High Pricing |
| D. | Placement of counter staff |
| E. | Relationship management |
| Answer» F. | |
| 1847. |
The performance of a sales person depends on ____ [SBI 2012] |
| A. | Ability and willingness of the sales person |
| B. | Incentives paid |
| C. | Size of the sales team |
| D. | Team leader's attitude |
| E. | His aggressive nature |
| Answer» B. Incentives paid | |
| 1848. |
Marketing is the function of ____ [SBI 2012] |
| A. | Only Sales persons |
| B. | Only counter staff |
| C. | Only qualified persons |
| D. | Top Bosses |
| E. | A collective function of all staff |
| Answer» F. | |
| 1849. |
Market Research is necessary for [SBI 2011] |
| A. | making proper marketing decisions |
| B. | choosing the right products |
| C. | selecting the right sales persons |
| D. | All of these |
| E. | None of these |
| Answer» B. choosing the right products | |
| 1850. |
Marketing in banks has been necessitated due to [SBI 2011] |
| A. | globalisation |
| B. | excess staff |
| C. | nationalisation of bank |
| D. | complacency among the staff |
| E. | poor customer service |
| Answer» B. excess staff | |