3653 + Mcqs in General Awareness Page 39 McqOptions

1901.	Banks' mandatory lending to farmers for agriculture, micro and small enterprises and other weaker sections where in banks are required to lend up to 40% of the loans is generally described as (IBPS 2013)
A.	Para banking
B.	Sub-prime lending
C.	Retail lending
D.	Non-priority sector lending
E.	Priority sector lending
Answer» F.

Discussion

1902.	As we all know/ Govt of India is giving much emphasis these days on the development of Small and Medium Enterprises (SMEs). Which of the following statements reflects the importance of the SME sector in the India economy? [RBI 2009] (1) The Govt is following a policy of keeping some items reserved for SMEs only. Hence a good number of items for local consumption come from these alone. (2) The main advantages of SMEs are reduction of regional imbalances, low investment, greater operational flexibility and low production cost. This helps in good control over prices of such items in local markets. (3) A very large number of people are employed in this sector and this sector is the second largest employer in India, after agriculture.
A.	Only (1)
B.	Only (2)
C.	Only (3)
D.	All (1), (2) & (3)
E.	None of these
Answer» E. None of these

Discussion

1903.	The Govt of India recently provided an amount of Rs. 65,300 crore to about 3.6 crore farmers in India. What was the purpose of the distribution of this much amount to the farmers? [Andhara Bank 2009]
A.	To enable them to purchase tractors and other hitech agricultural machines
B.	This was given to them as a debt waiver and relief package.
C.	To provide them fertilisers and advanced high- yielding seeds for the next harvesting season
D.	To help them avail Internet services and update their knowledge about the farming techniques and adopt new methods of the same
E.	None of these
Answer» C. To provide them fertilisers and advanced high- yielding seeds for the next harvesting season

Discussion

1904.	Which of the following correctly describes what sub-prime lending is? [IOB 2008] (1) Lending to the people who cannot return the loans. (2) Lending to the people who are high- value customers of the banks. (3) Lending to those who are not a regular customer of a bank.
A.	Only (1)
B.	Only (2)
C.	Only (3)
D.	All (1), (2) & (3)
E.	None of these
Answer» F.

Discussion

1905.	Which country has been ranked as a top destination for Foreign Direct Investment (FDI)? [SBI Main 2016]
A.	China
B.	India
C.	Malaysia
D.	Singapore
E.	Japan
Answer» C. Malaysia

Discussion

1906.	How many cities will be chosen for the AMRUT (Atal Mission for Rejuvenation and Urban Transformation) project? [IBPS Main 2015]
A.	100
B.	250
C.	200
D.	500
E.	None of these
Answer» E. None of these

Discussion

1907.	Which of the following is/are traditional type of open market operations used by the Reserve Bank of India? [IBPS Main 2015]
A.	Outright purchase
B.	CRR (Cash reserve ratio)
C.	SLR (Statutory Liquidity Ratio)
D.	Repurchase agreement (REPO)
E.	Both [a] and [d]
Answer» F.

Discussion

1908.	Banks these days have launched a new scheme product known as "Reverse Mortgage". The scheme is designed keeping which of the following groups of society in consideration? [BOM 2008]
A.	Youngsters who have just started earning
B.	Defence personnel whose life is always at high risk
C.	Senior citizens
D.	Women who do not have independent source of income
E.	None of these
Answer» F.

Discussion

1909.	What is the maximum loan limit under the revised Credit Linked Capital Subsidy Scheme for technical upgradation by the Government of India? [SBI 2012]
A.	Rs. 10 lakh
B.	Rs. 40 lakh
C.	Rs. 78 lakh
D.	Rs. 100 lakh
E.	Rs. 150 lakh
Answer» E. Rs. 150 lakh

Discussion

1910.	The economy in which there is a mixture of public sector and private sector both, is called _______. Financial Awareness
A.	Closed economy
B.	Mixed economy
C.	Open economy
D.	Free trade economy
E.	Public economy
Answer» C. Open economy

Discussion

1911.	Which mobile application has been launched by Kamataka Bank Limited built on the Unified Payments Interface platform of the NPCI? [IBPS 2016]
A.	empower
B.	SMARTZ
C.	MobiEase
D.	mPay
E.	None of these
Answer» C. MobiEase

Discussion

1912.	Which e-commerce website has partnered with National Highways Authority of India (NHAI) to enable cashless payments at all national and city toll plazas? [IBPS Main 2016]
A.	Paytm
B.	Mobikwik
C.	Freecharge
D.	Oxigen
E.	UPI
Answer» B. Mobikwik

Discussion

1913.	Who among the following is the head of the committee formed by SEBI to frame a single set of guidelines for all types of foreign investors? [SBI Main 2015]
A.	Prabhat Kumar
B.	T.R. Prasad
C.	K.M. Chandrashekhar
D.	Kamal Pande
E.	None of these
Answer» D. Kamal Pande

Discussion

1914.	To which of the following crops does the Rashtriya Krishi Bima Yojana (NAIS) provide insurance? [IBPS 2012]
A.	Food crops (cereals and pulses)
B.	Oilseeds
C.	Horticultural crops
D.	Commercial crops
E.	All of the above
Answer» F.

Discussion

1915.	Which commercial bank of India recently became the first to launch Mobile Branch with ATM. titled 'Branch on Wheels'. [IBPS 2012]
A.	State Bank of India
B.	Axis Bank
C.	ICICI Bank
D.	ABN Amro Bank
E.	Punjab National Bank
Answer» F.

Discussion

1916.	As per the reports published in the newspapers, the banks, particularly public sector banks, are typing up with various rating agencies for providing a qualitative assessment of the credit nees of the borrowers. Which amongst the following is/are such credit rating agencies in India? [Punjab & Sindh 2011] (1) CARE (2) CRISIL (3) ULIP
A.	Only (1)
B.	Only (2)
C.	(1) and (2) only
D.	Only (3)
E.	All (1), (2) and (3)
Answer» F.

Discussion

1917.	As reported in some major financial newspapers, many times it is said that "Other Income" boosts the profit of a bank to a substantial level. What is this other income for a bank? [Pick up the option(s) which are the part(s) of this other income. [OBC 2008] (1) Commission for selling insurance policies (2) Fee for providing various services (like ATM/Extra cheque etc) (3) Interest on advances and loans
A.	Only (1)
B.	Only (2)
C.	Both (1) & (2)
D.	Only (3)
E.	All (1), (2) & (3)
Answer» F.

Discussion

1918.	As published in the newspapers, the RBI has issued certain guidelines to be followed by the Recovery Agents appointed by the banks. In addition to this, the India Bank Association (IBA) has to formulate a special training course for them. Why do RBI and IBA have to come into picture for such an issue which is the responsibility of the banks? [OBC 2008] (1) RBI and Govt were getting many complaints from the public about the misbehaviour of Recovery Agents. (2) Govt of India is paying much emphasis on providing banking services to the poor section of the society. News about ill - treatment by agents or suicides due to inability to pay back loans create anegative picture. RBI does not want this to happen. (3) Despite banks' efforts to recover loans' many people still do not wish to repay their loans, intentionally. Recovery agents will help banks to get their money back by all possible means.
A.	Only (1)
B.	Only (2)
C.	Both (1) and (2)
D.	Only (3)
E.	All (1), (2) and (3)
Answer» F.

Discussion

1919.	In banking business, when the borrowers avail a Term Loan, initially they are given a repayment holiday and this is referred as _________. [SBI Bank 2013]
A.	Subsidy
B.	Interest Waiver
C.	Re-phasing
D.	Interest concession
E.	Moratorium
Answer» F.

Discussion

1920.	Interest below which a bank is not expected to lend to customers is known as _________. [SBI Bank 2013]
A.	Deposit Rate
B.	Base Rate
C.	Prime Lending Rate
D.	Bank Rate
E.	Discount Rate
Answer» C. Prime Lending Rate

Discussion

1921.	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 Bank 2013]
A.	Statutory Liquidity Ratio
B.	Cash Reserve Ratio
C.	Bank Deposit
D.	Reserve Repo
E.	Government Securities
Answer» C. Bank Deposit

Discussion

1922.	Which one of the following is a retail banking product? [IBPS 2012]
A.	Home Loans
B.	Working capital finance
C.	Corporate term loans
D.	Infrastructure financing
E.	Export Credit
Answer» C. Corporate term loans

Discussion

1923.	Which one of the following is not a 'Money Market Instrument'? [IBPS 2012]
A.	Treasury Bills
B.	Commercial Paper
C.	Certificate of Deposit
D.	Equity Shares
E.	None of these
Answer» E. None of these

Discussion

1924.	Which of the following types of accounts are known as Demat Accounts'? [IBPS 2011]
A.	Accounts which are Zero Balance Accounts
B.	Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there.
C.	Accounts in which shares of various companies are traded in electronic form
D.	Accounts which are operated through internet banking facility
E.	None to these
Answer» F.

Discussion

1925.	Bancassurance is [Corporation Bank 2011]
A.	an insurance scheme to insure bank deposits
B.	an insurance scheme exclusively for the employees of banks
C.	a composite finacial service offering both banking and insurance products
D.	a bank deposit scheme exclusively for employees of insurance companies
E.	None of these
Answer» F.

Discussion

1926.	Which of the following schemes is launched specifically for helping senior citizens to avail loan by mortgage of their residential property? [Indian Overseas Bank 2011]
A.	English Mortgage Scheme
B.	Senior Capital loan Scheme
C.	Reverse Mortgage Loan scheme
D.	Senior Citizen Personal Loan scheme
E.	None of these
Answer» F.

Discussion

1927.	'Sub Prime Lending' is a term applied to the loans made to [Punjab & Sindh 2011]
A.	those borrowers who do not have a good credit history.
B.	those who wish to take loan against the mortgage of tangible assets.
C.	those who have a good credit history and are known to bank since 10 years.
D.	those borrowers who are most preferred customers of the Bank.
E.	None of these
Answer» B. those who wish to take loan against the mortgage of tangible assets.

Discussion

1928.	One of the key factors that provide impetus to strong growth is Interest Rates. How do interest rates contribute to the growth of economy, particularly when these are lowered down? [RBI 2009] (1) It gives corporations the opportunity to prepay high-cost debts and replace them with fresh funds raised at lower rates. (2) Banks use this opportunity to maximize profits on their treasury operations and these excess profits are used to clean their Balance Sheets by making higher provisions for NPAs or sticky loans. (3) The Govt also gets benefited as it can borrow funds from open market at low interest rates and bridge its fiscal deficit.
A.	Only (1)
B.	Only (2)
C.	Only (3)
D.	All (1), (2) & (3)
E.	None of these
Answer» F.

Discussion

1929.	As we have notices, many banks are now entering into Insurance business. Why are Banks entering into this sector, particularly when many insurance companies are already there in India? [RBI 2009] (1) By providing insurance products, banks are earning additional revenue in terms of fee/commission. (2) Banks with their huge customer base are leveraging on their existing relationship to convert customers into policyholders. (3) With increase of health-related problems, everybody wants an insurance cover, no matter how big or small it is. Banks are coming up with many attractive offers, which are also affordable.
A.	Only (1)
B.	Only (2)
C.	Only (3)
D.	All (1), (2) and (3)
E.	Only (1) and (2)
Answer» F.

Discussion

1930.	Which of the following schemes has been launched specifically for helping Senior Citizens to avail loan by mrtgage of their residential property? [OBC 2008]
A.	English Mortgage Scheme
B.	Senior Capital Loan Scheme
C.	Reverse Mortgage Loan Scheme
D.	DEMAT Account Scheme
E.	None of these
Answer» F.

Discussion

1931.	As reported in some major financial newspapers, many times it is said that "Other Income" boosts the profit of a bank to a substantial level. What is this other income for a bank? [Pick up the option(s) which are the part(s) of this other income. [OBC 2008] (1) Commission for selling insurance policies (2) Fee for providing various services (like ATM/Extra cheque etc) (3) Interest on advances and loans
A.	Only (1)
B.	Only (2)
C.	Both (1) and (2)
D.	Only (3)
E.	All (1), (2) and (3)
Answer» F.

Discussion

1932.	Which bank launched mobile banking app for 'un-banked' regions? [IBPS 2015]
A.	Axis
B.	Kotak Mahindra
C.	ICIC
D.	HDFC
E.	None of these
Answer» C. ICIC

Discussion

1933.	Which of the following schemes is NOT related to the Digital India? [IBPS Main 2016]
A.	Digital Locker
B.	e-education
C.	e-health
D.	National Scholarship Portal
E.	Make in India
Answer» E. Make in India

Discussion

1934.	Mobile Money Identification Number (MMID) is a _____ digit number of which the first four digits are the unique identification number of the bank offering Immediate Payment Service (IMPS). [SBI Main 2016]
A.	Seven
B.	Thirteen
C.	Eleven
D.	Nine
E.	None of these
Answer» B. Thirteen

Discussion

1935.	MasterCard is rolling out its Identity Check service, popularly known as _____ to customers in Europe through a new mobile app. [SBI Main 2016]
A.	Seine pay
B.	Voice Record
C.	Finger print
D.	Video play
E.	None of these
Answer» B. Voice Record

Discussion

1936.	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 INK how much amount in bill payments every year? [SBI Main 2016]
A.	INK 16,810 billion
B.	INK 4,703 billion
C.	INK 10,172 billion
D.	INK 6,223 billion
E.	None of the above
Answer» E. None of the above

Discussion

1937.	The Aadhar-enabled Payment System (AEPS) is a bank-led model that facilitates banking facilities through banking correspondents across banks. However, Aadhaar- enabled basic types of banking transactions do not' include [IBPS 2013]
A.	Aadhaar to Aadhaar funds transfer
B.	Small overdraft facility
C.	Cash withdrawal
D.	Balance enquiry
E.	Cash deposit
Answer» C. Cash withdrawal

Discussion

1938.	Money Laundering normally involves [BOB 2008]
A.	placement of funds
B.	layering of funds
C.	integration of funds
D.	All of the above
E.	None of these
Answer» E. None of these

Discussion

1939.	Which of the following is an example of NBFCs? [IBPS 2013]
A.	Unit Trust of India
B.	Life Insurance Corporation
C.	General Insurance Corporation
D.	All of the above
E.	None of these
Answer» E. None of these

Discussion

1940.	Regional rural banks are working in all the states of India except [SBI 2011]
A.	Sikkim
B.	Jammu and Kashmir
C.	Goa
D.	Sikkim and Goa
E.	Assam
Answer» E. Assam

Discussion

1941.	Each of the RRBs covers districts ranging from [IBPS 2012]
A.	1to 15
B.	2 to 25
C.	3 to 25
D.	2 to 15
E.	1 to 5
Answer» C. 3 to 25

Discussion

1942.	Who is the Chairman of Bharatiya Mahila Bank? [SBI 2016]
A.	Aisha De Sequeira
B.	Arundhati Bhattacharya
C.	Chanda Kochhar
D.	Archana Hingorani
E.	Usha Ananantha subramaniam
Answer» F.

Discussion

1943.	Which of the following is one of the major activities of the National Bank for Agriculture and Rural Development (NABARD)? [RBI 2016]
A.	On-site inspection of Cooperative Banks and Regional Rural Banks (RRBs)
B.	Helping Government of India in preparing Union Budget and presenting it in the Cabinet Meeting
C.	Acting as custodian of the foreign exchange reserves of the country
D.	Deciding rate of interest on Saving Bank Accounts in Public Sector Banks
E.	Representing India in World Bank and other such agencies
Answer» B. Helping Government of India in preparing Union Budget and presenting it in the Cabinet Meeting

Discussion

1944.	Standard and Poor's is a Credit Rating Agency of international repute. Which of the following is one such agency of Indian origin? [RBI 2016]
A.	IBA
B.	BASEL
C.	SEBI
D.	IRDA
E.	CRISIL
Answer» F.

Discussion

1945.	India has signed a Grant Agreement for Additional Financing in Financing Energy Efficiency at MSMEs Project- Programmatic Framework for Energy Efficiency with _______. [IBPS Main 2016]
A.	Asian Development Bank (ADB)
B.	International Fund for Agricultural Development (IFAD)
C.	European Bank for Reconstruction and Development (EBRD)
D.	International Bank for Reconstruction and Development (IBRD)
E.	World Bank
Answer» E. World Bank

Discussion

1946.	Which agency in India provides refinance of export credit? [IBPS Main 2016]
A.	SIDBI
B.	NABARD
C.	RBI
D.	EXIM Bank
E.	Government of India
Answer» E. Government of India

Discussion

1947.	NABARD (National Bank for Agriculture and Rural Development) established JLG to extract the productive capability from rural population. JLG stands for? [SBI Main 2015]
A.	Junior Link Group
B.	Join Life Group
C.	Joint Line Group
D.	Joint Liability Group
E.	None of these
Answer» E. None of these

Discussion

1948.	Which of the following agencies/ organisations in India maintains the Micro Finance Development and Equity Fund which was in news recently? [IBPS 2012]
A.	Confederation of Industries in India (CII)
B.	Indian Bank's Association (IBA)
C.	Small Industries Development Bank of India (SIDBI)
D.	Reserve Bank of India (RBI)
E.	National Bank for Agriculture and Rural Development (NABARD)
Answer» F.

Discussion

1949.	Which committee permits NBFCS to work as Business correspondents of banks? [IBPS 2014]
A.	Urjit Patel Committee
B.	Deepak Mohanty Committee
C.	Nachiket Mor Committee
D.	Vijay Kelkar Committee
E.	None of these
Answer» D. Vijay Kelkar Committee

Discussion

1950.	Headquarters of NABARD is located in [IBPS 2014]
A.	Jaipur
B.	Mumbai
C.	Mysore
D.	New Delhi
E.	None of these
Answer» C. Mysore

Discussion

Explore topic-wise MCQs in Banking And Financial Awareness.

Banks' mandatory lending to farmers for agriculture, micro and small enterprises and other weaker sections where in banks are required to lend up to 40% of the loans is generally described as (IBPS 2013)

The Govt of India recently provided an amount of Rs. 65,300 crore to about 3.6 crore farmers in India. What was the purpose of the distribution of this much amount to the farmers? [Andhara Bank 2009]

Which of the following correctly describes what sub-prime lending is? [IOB 2008] (1) Lending to the people who cannot return the loans. (2) Lending to the people who are high- value customers of the banks. (3) Lending to those who are not a regular customer of a bank.

Which country has been ranked as a top destination for Foreign Direct Investment (FDI)? [SBI Main 2016]

How many cities will be chosen for the AMRUT (Atal Mission for Rejuvenation and Urban Transformation) project? [IBPS Main 2015]

Which of the following is/are traditional type of open market operations used by the Reserve Bank of India? [IBPS Main 2015]

Banks these days have launched a new scheme product known as "Reverse Mortgage". The scheme is designed keeping which of the following groups of society in consideration? [BOM 2008]

What is the maximum loan limit under the revised Credit Linked Capital Subsidy Scheme for technical upgradation by the Government of India? [SBI 2012]

The economy in which there is a mixture of public sector and private sector both, is called _______. Financial Awareness

Which mobile application has been launched by Kamataka Bank Limited built on the Unified Payments Interface platform of the NPCI? [IBPS 2016]

Which e-commerce website has partnered with National Highways Authority of India (NHAI) to enable cashless payments at all national and city toll plazas? [IBPS Main 2016]

Who among the following is the head of the committee formed by SEBI to frame a single set of guidelines for all types of foreign investors? [SBI Main 2015]

To which of the following crops does the Rashtriya Krishi Bima Yojana (NAIS) provide insurance? [IBPS 2012]

Which commercial bank of India recently became the first to launch Mobile Branch with ATM. titled 'Branch on Wheels'. [IBPS 2012]

In banking business, when the borrowers avail a Term Loan, initially they are given a repayment holiday and this is referred as _________. [SBI Bank 2013]

Interest below which a bank is not expected to lend to customers is known as _________. [SBI Bank 2013]

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 Bank 2013]

Which one of the following is a retail banking product? [IBPS 2012]

Which one of the following is not a 'Money Market Instrument'? [IBPS 2012]

Which of the following types of accounts are known as Demat Accounts'? [IBPS 2011]

Bancassurance is [Corporation Bank 2011]

Which of the following schemes is launched specifically for helping senior citizens to avail loan by mortgage of their residential property? [Indian Overseas Bank 2011]

'Sub Prime Lending' is a term applied to the loans made to [Punjab & Sindh 2011]

Which of the following schemes has been launched specifically for helping Senior Citizens to avail loan by mrtgage of their residential property? [OBC 2008]

Which bank launched mobile banking app for 'un-banked' regions? [IBPS 2015]

Which of the following schemes is NOT related to the Digital India? [IBPS Main 2016]

Mobile Money Identification Number (MMID) is a _____ digit number of which the first four digits are the unique identification number of the bank offering Immediate Payment Service (IMPS). [SBI Main 2016]

MasterCard is rolling out its Identity Check service, popularly known as _____ to customers in Europe through a new mobile app. [SBI Main 2016]

The Aadhar-enabled Payment System (AEPS) is a bank-led model that facilitates banking facilities through banking correspondents across banks. However, Aadhaar- enabled basic types of banking transactions do not' include [IBPS 2013]

Money Laundering normally involves [BOB 2008]

Which of the following is an example of NBFCs? [IBPS 2013]

Regional rural banks are working in all the states of India except [SBI 2011]

Each of the RRBs covers districts ranging from [IBPS 2012]

Who is the Chairman of Bharatiya Mahila Bank? [SBI 2016]

Which of the following is one of the major activities of the National Bank for Agriculture and Rural Development (NABARD)? [RBI 2016]

Standard and Poor's is a Credit Rating Agency of international repute. Which of the following is one such agency of Indian origin? [RBI 2016]

India has signed a Grant Agreement for Additional Financing in Financing Energy Efficiency at MSMEs Project- Programmatic Framework for Energy Efficiency with _______. [IBPS Main 2016]

Which agency in India provides refinance of export credit? [IBPS Main 2016]

NABARD (National Bank for Agriculture and Rural Development) established JLG to extract the productive capability from rural population. JLG stands for? [SBI Main 2015]

Which of the following agencies/ organisations in India maintains the Micro Finance Development and Equity Fund which was in news recently? [IBPS 2012]

Which committee permits NBFCS to work as Business correspondents of banks? [IBPS 2014]

Headquarters of NABARD is located in [IBPS 2014]