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.
| 2151. |
Mutual funds fall within supervisory purview of |
| A. | SBI |
| B. | RBI |
| C. | SEBI |
| D. | IRDA |
| E. | None of these |
| Answer» E. None of these | |
| 2152. |
The formal beginning of the merchant banking services in India began in 1967, when the Reserve Bank of India provident license to the |
| A. | State Bank of India |
| B. | Oriental Bank of Commerce |
| C. | Grindlays Bank |
| D. | Federal Bank |
| E. | None of these |
| Answer» D. Federal Bank | |
| 2153. |
Banks which undertake financial services such as insurance business, underwriting, and equipment leasing, are called |
| A. | Traditional Banking |
| B. | Para Banking |
| C. | CASA Banking |
| D. | Narrow Banking |
| E. | None of these |
| Answer» C. CASA Banking | |
| 2154. |
Which of the following business parameters is/are required by sponsor banks to maintain relationship with their subsidiary banks? |
| A. | Borrowing/lending of funds |
| B. | Transferring/selling/buying of securities |
| C. | Both [a] and [b] |
| D. | None of these |
| Answer» D. None of these | |
| 2155. |
Net balance maintained in current account by co-operative banks with .......... are not treated as cash for the purpose of CRR/SLR. |
| A. | State Bank of India |
| B. | State Bank of Hyderabad |
| C. | IDBI Bank Limited |
| D. | Canara Bank |
| E. | All of these |
| Answer» D. Canara Bank | |
| 2156. |
Expand the term BCBS. |
| A. | Bank's Committee on Banking Supervision |
| B. | Basel Committee on Banking Supervision |
| C. | Bank's Commission on Banking Supervision |
| D. | Basel Commission on Banking Supervision |
| E. | None of these |
| Answer» C. Bank's Commission on Banking Supervision | |
| 2157. |
What do you understand by Tara Banking services? |
| 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 | |
| 2158. |
The UTI was established in |
| A. | 1956 |
| B. | 1964 |
| C. | 1972 |
| D. | 1976 |
| E. | None of these |
| Answer» C. 1972 | |
| 2159. |
Which of the following is/are subsidiaries of banks that offer para banking services? |
| A. | SBI Pension Funds Private Ltd |
| B. | SBI Mutual Fund |
| C. | ICICI Ventures |
| D. | All of the above |
| Answer» E. | |
| 2160. |
Which of the following mobilise (s) the savings of the public to specifically invest in the industrial securities? |
| A. | UTI |
| B. | LIC |
| C. | GIC |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 2161. |
Banks are authorised to sell third party products. Which are these products? |
| A. | Mutual funds |
| B. | Term deposits |
| C. | Credit cards |
| D. | Gift cheques |
| E. | None of these |
| Answer» B. Term deposits | |
| 2162. |
Which was the first mutual fund started in India? |
| A. | SBI Mutual Fund |
| B. | Indian Bank Mutual Fund |
| C. | Kotak Pioneer Mutual Fund |
| D. | Unit Trust of India |
| E. | None of these |
| Answer» E. None of these | |
| 2163. |
The services provided by merchant bankers includes I. management of mutual funds. II. public issues. III. dealing with the corporate clients and advising them on various issues. Select the correct answer using the codes given below |
| A. | Only I |
| B. | I and II |
| C. | II and III |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 2164. |
One rupee notes bear the signature of |
| A. | Governor of Reserve Bank of India |
| B. | Prime Minister of India |
| C. | President of India |
| D. | Secretary, Ministry of Finance (Government of India) |
| E. | None of these |
| Answer» E. None of these | |
| 2165. |
The minting of rupee coin is governed by |
| A. | Coinage Act, 1906 |
| B. | Reserve Bank of India Act, 1934 |
| C. | Banking Regulation Act, 1949 |
| D. | Currency Act, 1902 |
| E. | None of these |
| Answer» B. Reserve Bank of India Act, 1934 | |
| 2166. |
Capital Market deals in |
| A. | long-term debt |
| B. | equity claims |
| C. | government securities |
| D. | all the above |
| E. | None of these |
| Answer» E. None of these | |
| 2167. |
The RBI policy which allows banks to borrow money through repurchase agreements is called |
| A. | Liquidity adjustment facility |
| B. | Loan adjustment facility |
| C. | Finance adjustment facility |
| D. | Liquidity maturity facility |
| E. | None of these |
| Answer» B. Loan adjustment facility | |
| 2168. |
Which of the following laws was used to amend Reserve Bank of India Act, 1934 (RBI Act) for maintaining price stability? |
| A. | Finance Act, 2016 |
| B. | Finance Act, 2015 |
| C. | Finance Act, 2014 |
| D. | Finance Act, 2013 |
| E. | None of these |
| Answer» B. Finance Act, 2015 | |
| 2169. |
The act of stimulating the economy by increasing the money supply or by reducing taxes is called |
| A. | demand pull inflation |
| B. | stagflation |
| C. | disinflation |
| D. | headline inflation |
| E. | None of these |
| Answer» C. disinflation | |
| 2170. |
Which of the following statements is/are correct? i. A soiled note is a single numbered note cut into two pieces but on which both the numbers are intact. ii. Soiled notes can be tendered only at RBI. iii. Clean Note Policy in 2001 was introduced under Section 28 of the Reserve Bank of India Act, 1934. |
| A. | ii only |
| B. | i and iii |
| C. | ii and iii |
| D. | i, ii and iii |
| E. | None of these |
| Answer» C. ii and iii | |
| 2171. |
When was the demonetization happened in India for the first time? |
| A. | 1946 |
| B. | 2016 |
| C. | 1978 |
| D. | 1949 |
| E. | None of these |
| Answer» B. 2016 | |
| 2172. |
Which of the following statements is/are correct? i. Data on \[{{M}_{0}}\]are published on monthly basis ii. Data on \[{{M}_{1}}\]and \[{{M}_{3}}\]are available on weekly basis |
| A. | (i) only |
| B. | (ii) only |
| C. | both (i) and (ii) |
| D. | none |
| Answer» E. | |
| 2173. |
Treasury bills (T-bills) issued by the Government of India consists of three types, namely |
| A. | 91-day |
| B. | 182-day |
| C. | 364-day |
| D. | All the above |
| E. | None of these |
| Answer» E. None of these | |
| 2174. |
Which of the following is/are Money Market instruments? |
| A. | Treasury Bills |
| B. | Commercial Papers |
| C. | Certificate of Deposit |
| D. | All the above |
| E. | None of these |
| Answer» E. None of these | |
| 2175. |
Currency notes and coins are called Fiat money because |
| A. | they do not have intrinsic value like gold or silver. |
| B. | they are made on special imported paper. |
| C. | they are printed by government. |
| D. | they exchange for goods and services. |
| E. | None of these |
| Answer» B. they are made on special imported paper. | |
| 2176. |
If banks and the private sector decide to hold less cash, the money multiplier will be |
| A. | unchanged |
| B. | larger |
| C. | smaller |
| D. | unstable |
| E. | None of these |
| Answer» C. smaller | |
| 2177. |
The merit of issuing notes with RBI can be seen is |
| A. | uniformity |
| B. | stability in currency |
| C. | control of credit |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 2178. |
Under Bretton Woods System, as a member of IMF, India declared its par value of rupee in terms of |
| A. | British pound |
| B. | US dollar |
| C. | A basket of currency |
| D. | Gold |
| E. | None of these |
| Answer» E. None of these | |
| 2179. |
Who decides on the quantity of coins to be minted? |
| A. | The Government of India |
| B. | RBI |
| C. | SBI |
| D. | All of the above |
| E. | None of these |
| Answer» B. RBI | |
| 2180. |
The Reserve Bank of India began production of notes in 1938, issuing Rs. 25,10,1000 notes. Rs. 500 note was re-introduced again in |
| A. | 1987 |
| B. | 2000 |
| C. | 2003 |
| D. | 2006 |
| E. | 2010 |
| Answer» B. 2000 | |
| 2181. |
In India, the system of decimal coinage was introduced on |
| A. | 15th August, 1947 |
| B. | 26th January, 1950 |
| C. | 1st April, 1957 |
| D. | All of the above |
| E. | None of these |
| Answer» F. | |
| 2182. |
Which one of the following methods is currently used in India to issue note? |
| A. | Fixed Fiduciary System |
| B. | Maximum Fiduciary System |
| C. | Proportional Reserve System |
| D. | Percentage Reserve System |
| E. | Minimum Reserve System |
| Answer» F. | |
| 2183. |
In India, Fixed Fiduciary System of note issue was in force from |
| A. | 1816 to 1920 |
| B. | 1920 to 1945 |
| C. | 1945 to 1950 |
| D. | 1947 to 1952 |
| E. | 1965 to 1972 |
| Answer» B. 1920 to 1945 | |
| 2184. |
The first decimal issues of coins in 1950 in India consisted of |
| A. | 1, 2 and 5 paise |
| B. | 1, 2, 5 and 10 paise |
| C. | 1, 2, 5, 10 and 25 paise |
| D. | 1, 2, 5, 10, 25 and 50 paise |
| E. | 1, 2, 5, 10, 25 and 50 paise along with Rs.1 |
| Answer» F. | |
| 2185. |
Whenever somebody needs foreign currency against Indian Rupee, banks give equivalent amount of desired currency based on prevalent? |
| A. | Bank rate |
| B. | Currency rate |
| C. | Policy rate |
| D. | Exchange rate |
| E. | Base rate |
| Answer» E. Base rate | |
| 2186. |
Rupee coins are the legal tender in India under the provisions of |
| A. | Reserve Bank of India Act, 1934 |
| B. | Negotiable Instruments Act, 1881 |
| C. | Banking Regulation Act, 1949 |
| D. | Indian Coinage Act, 1906 |
| E. | None of these |
| Answer» C. Banking Regulation Act, 1949 | |
| 2187. |
Block Chain Technology was created by |
| A. | ICICI Bank |
| B. | HDFC Bank |
| C. | SBI |
| D. | Axis Bank |
| E. | None of these |
| Answer» B. HDFC Bank | |
| 2188. |
Which cryptocurrency has hit its highest level in 3 years following India's demonetisation? |
| A. | Bitcoin |
| B. | Rupay |
| C. | USSD |
| D. | UPI |
| E. | None of these |
| Answer» B. Rupay | |
| 2189. |
National Automated Clearing House (NACH) has been launched for |
| A. | clearing cheques |
| B. | facilitating interbank electronic transactions |
| C. | clearing loans |
| D. | both [a] and [b] |
| E. | None of these |
| Answer» C. clearing loans | |
| 2190. |
Which payment mode is used for making bulk payment of amounts? |
| A. | NEFT |
| B. | RTGS |
| C. | IMPS |
| D. | ECS Credit |
| E. | None of these |
| Answer» E. None of these | |
| 2191. |
Transferring money between banks for international wire transfers uses |
| A. | SWIFT Codes |
| B. | MICR Codes |
| C. | IFSC Codes |
| D. | None of these |
| Answer» D. None of these | |
| 2192. |
Which of the following statements is/are correct about Kisan Credit Card? I. It was introduced in August 1999. II. It offers credit in terms of cash credit and term credit. |
| A. | I only |
| B. | II only |
| C. | Both I and II |
| D. | None of these |
| Answer» B. II only | |
| 2193. |
Citi-Times card is an example of |
| A. | co-branded cards |
| B. | debit card |
| C. | smart card |
| D. | prepaid card |
| E. | None of these |
| Answer» B. debit card | |
| 2194. |
Which of the following statements is/are correct regarding credit card? I. Banks in India can undertake credit card business either departmentally or through a subsidiary company set up for the purpose. II. Prior approval of the Reserve Bank is not necessary for banks desirous of undertaking credit card business. |
| A. | I only |
| B. | II only |
| C. | Both I and II |
| D. | None of these |
| Answer» D. None of these | |
| 2195. |
What amount does a bank have to pay to customers for delays in re-crediting the amount beyond 7 working days in case of failed ATM transaction? |
| A. | Rs. 100 |
| B. | Rs. 200 |
| C. | Rs. 300 |
| D. | Rs. 500 |
| E. | None of these |
| Answer» B. Rs. 200 | |
| 2196. |
Which of the following types of accounts is/are not applicable for free transactions at ATMs? |
| A. | Basic Savings Bank Deposit Accounts |
| B. | Savings Account |
| C. | Current Account |
| D. | Both [a] and [b] |
| E. | None of these |
| Answer» B. Savings Account | |
| 2197. |
When we talk of smart money what are we referring to? |
| A. | Foreign currency |
| B. | Internet banking |
| C. | Credit cards |
| D. | Treasury bills |
| E. | None of these |
| Answer» D. Treasury bills | |
| 2198. |
Banks and other institutions have issued debt and credit cards, the purpose of both are |
| A. | the same, to make paperless payments |
| B. | different, since in credit card, the account is credited with the amount while in debit card the account is debited |
| C. | the same, there is risk weight-age of 125% in both the cards. |
| D. | different, since in debit cards interest for delayed period is charged while in credit cards no such interest is charged by banks |
| E. | None of these |
| Answer» B. different, since in credit card, the account is credited with the amount while in debit card the account is debited | |
| 2199. |
Opening of maximum number of ATMs is an example of |
| A. | indirect marketing |
| B. | direct marketing |
| C. | social marketing |
| D. | All of these |
| E. | None of these |
| Answer» C. social marketing | |
| 2200. |
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? I. The ATM card holders will not be able to withdrew from other banks' ATMs under any circumstances. II. Customers of one bank may be able to withdraw only a limited amount from other banks' ATMs. III. ATM card holders will have to pay a fee if they withdraw money from other banks' ATMs frequently. Select the correct answer under the codes given below: |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | II and III |
| E. | I and III |
| Answer» E. I and III | |