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.
| 2351. |
The Cabinet Committee on Economic Affairs (CCEA) on 18 January 2017 approved the listing of five public sector general insurance companies in the stock market. Which of the following is not among the five public sector general insurance companies? |
| A. | New India Assurance |
| B. | United India Insurance |
| C. | Oriental Insurance |
| D. | General Insurance |
| Answer» E. | |
| 2352. |
Which of the following has been given the role of advising the government on how to utilise the proceeds from disinvestment from the Department of Investment and Public Asset Management (DIPAM)? |
| A. | Department of Economic Affairs |
| B. | Department of Commerce |
| C. | Department of Industry Policy and Promotion |
| D. | Department of Home Affairs |
| Answer» B. Department of Commerce | |
| 2353. |
The Economic Survey 2016-17 has recommended which tool as an alternative to the various subsidy focused social welfare schemes? |
| A. | Universal Basic Income |
| B. | Employment Status |
| C. | Universal Monthly Income |
| D. | None of the above |
| Answer» B. Employment Status | |
| 2354. |
Which of the following laws has been proposed to be amended for disclosing the names of loan defaulters? |
| A. | Section 44 of the State Bank of India Act, 1955 |
| B. | Reserve Bank of India Act, 1934 |
| C. | Negotiable Instrument Act, 1881 |
| D. | Public Debt Act, 1944 |
| Answer» B. Reserve Bank of India Act, 1934 | |
| 2355. |
Which of the following is the feature of "differentiated banks" proposed by Reserve Bank of India (RBI)? |
| A. | Long-term lending |
| B. | Infrastructure lending |
| C. | Wholesale banking |
| D. | All the above |
| Answer» E. | |
| 2356. |
Which of the following statements is/are correct regarding Prompt Corrective Action framework of RBI? |
| A. | It triggers regulatory action against lenders who overshoot the limit on bad loans or fail to comply with capital ratios. |
| B. | Regulatory action will be taken if a bank's capital-to-risk-assets ratio falls below 8 percent. |
| C. | Both [a] and [b] |
| D. | None of the above |
| Answer» B. Regulatory action will be taken if a bank's capital-to-risk-assets ratio falls below 8 percent. | |
| 2357. |
What percent of the unit capital of a Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) can be invested by commercial banks according to RBI's issued guidelines in April 2017? |
| A. | 10% |
| B. | 15% |
| C. | 20% |
| D. | 12% |
| Answer» B. 15% | |
| 2358. |
Which of the following changes has been made in the Provident Fund rule in April 2017? |
| A. | PF amount can be used to pay equated monthly instalments of home loans. |
| B. | The EPFO members who have contributed to the fund for at least three years, are only eligible for withdrawing money for home loans. |
| C. | Both of the above |
| D. | None of the above |
| Answer» D. None of the above | |
| 2359. |
Who has been appointed Executive Director of the Reserve Bank of India (RBI) in 2017? |
| A. | Deepak Singhal |
| B. | Sudarshan Sen |
| C. | Surekha Marandi |
| D. | Milind Sharma |
| Answer» D. Milind Sharma | |
| 2360. |
Which of the following statements is/ are correct about the 16th meeting of the Financial Stability and Development Council (FSDC) held in January 2017? I. It was chaired by RBI Governor. II. The status of NPAs of public sector banks and measures taken by the government and the RBI for tackling the stressed assets were reviewed. III. Developments on financial inclusion and financial literacy were discussed. |
| A. | (iii) only |
| B. | (i) and (iii) |
| C. | (i), (ii) and (iii) |
| D. | (ii) and (iii) |
| Answer» E. | |
| 2361. |
Besides Bharti Airtel and Paytm, which of the following received payments bank licence to roll out of banking operations? |
| A. | Vodafone |
| B. | India Post |
| C. | Idea Cellular |
| D. | All the above |
| Answer» C. Idea Cellular | |
| 2362. |
Which of the following represents the aim of the Indradhanush 2.0 programme? |
| A. | Recapitalisation of public sector lenders |
| B. | Financing of small-medium business |
| C. | Providing agricultural loans |
| D. | None of the above |
| Answer» B. Financing of small-medium business | |
| 2363. |
Which of the following statements is/are correct regarding India's Forex reserves? |
| A. | RBI's report revealed a decrease in India's Forex as of April 2017. |
| B. | The components of the Forex include foreign currency assets (FCAs), Special Drawing Rights, and Gold. |
| C. | Both [a] and [b] |
| D. | None of the above |
| Answer» C. Both [a] and [b] | |
| 2364. |
Which of the following are the features of RBI's Prompt Corrective Action (PCA) framework revised in April 2017? |
| A. | Capital / asset quality and profitability would be the basis on which the banks would be monitored. |
| B. | PCA framework will depend upon the audited annual financial results. |
| C. | Both [a] and [b] |
| D. | None of the above |
| Answer» D. None of the above | |
| 2365. |
All the existing asset reconstruction companies (ARCs) need to have a minimum net owned fund (NOF) of |
| A. | Rs. 100 crore |
| B. | Rs. 150 crore |
| C. | Rs. 200 crore |
| D. | Rs. 190 crore |
| Answer» B. Rs. 150 crore | |
| 2366. |
A Presidential ordinance/was passed in May 2017 to deal with bad loans. Which of the following provisions has been mentioned in the ordinance? |
| A. | RBI is empowered to speed up NPA resolution process. |
| B. | The persons who have diverted loans will face actions first. |
| C. | Both [a] and [b] |
| D. | None of the above |
| Answer» D. None of the above | |
| 2367. |
According to the new regulation on Priority Sector Lending, what sub-target is to be created for Micro Enterprises in India by March 2017? |
| A. | 7% |
| B. | 7.5% |
| C. | 8% |
| D. | 8.5% |
| E. | None of the above |
| Answer» C. 8% | |
| 2368. |
Which of the following reflects the aim of Asset Quality Review? |
| A. | To clean up the balance sheets of PSBs |
| B. | To ensure compliance with Basel-111 |
| C. | Both [a] and [b] |
| D. | None of the above |
| Answer» D. None of the above | |
| 2369. |
Which of the following banks has been granted approval on 2 April, 2014 by the RBI to set up a bank? |
| A. | Bandhan |
| B. | Infrastructure Development Finance Company |
| C. | IDBI |
| D. | Both [a] and [b] |
| Answer» E. | |
| 2370. |
Which of the following banks has been declared as Domestic Systemically Important Bank (D-SIB) by the RBI? |
| A. | SBI |
| B. | ICICI |
| C. | HDFC |
| D. | Both [a] and [b] |
| Answer» D. Both [a] and [b] | |
| 2371. |
Which of the following statements is/are correct about Micro Units Development Refinance Agency? 1. CGF (Credit Guarantee Fund) will provide more than 1,00,000 crore rupees worth of loans to micro and small units in the first instance. 2. It will reduce the credit risk to Banks and other financial intermediaries. |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | None of the above |
| Answer» D. None of the above | |
| 2372. |
The website sachet.rbi.org.in has been created by the RBI |
| A. | to curb illegal and unauthorised pooling of funds by unscrupulous firms |
| B. | to review monetary policy periodically |
| C. | to release financial reports of Indian banks |
| D. | None of the above |
| Answer» B. to review monetary policy periodically | |
| 2373. |
Which of the following is required to be followed by commercial banks for risk management? |
| A. | Basel II norms |
| B. | Basel III norms |
| C. | Basel I norms |
| D. | None of the following |
| Answer» B. Basel III norms | |
| 2374. |
The Government launched the "Indradhanush 2.0" programme after the finalization of the completion of Asset Quality Review (AQR) by the RBI. The deadline set for AQR is |
| A. | March 2017 |
| B. | June 2017 |
| C. | September 2017 |
| D. | December 2017 |
| Answer» B. June 2017 | |
| 2375. |
What deadline has been set by the RBI for Basel III implementation? |
| A. | March 31, 2019 |
| B. | December 31, 2019 |
| C. | October 19, 2021 |
| D. | December 31, 2021 |
| Answer» B. December 31, 2019 | |
| 2376. |
Which of the following entities come under the regulatory framework of Basel III? |
| A. | Bank capital adequacy |
| B. | Market liquidity risk |
| C. | Stress testing |
| D. | All the above |
| Answer» E. | |
| 2377. |
The Union Government has set an inflation target of _____for March 31, 2021. |
| A. | 5% |
| B. | 4% |
| C. | 6% |
| D. | 3% |
| Answer» C. 6% | |
| 2378. |
Which of the following statements is/are correct? I. NBFCs do not hold a banking license. II. NBFC can issue Demand Drafts like banks. |
| A. | Only I |
| B. | Only II |
| C. | Both I and II |
| D. | None of the above |
| Answer» B. Only II | |
| 2379. |
Which of the following statements is/are correct about Islamic Window? I. SBI has proposed opening of "Islamic window" banks. II. It will introduce Sharia-compliant or interest-free banking in the country. iii. Loans will be provided to Muslims at very low interest rates. |
| A. | II only |
| B. | I and II |
| C. | I, II and III |
| D. | I and III |
| Answer» C. I, II and III | |
| 2380. |
NABARD was established on the recommendations of |
| A. | Shivaraman Committee |
| B. | Malhotra Committee |
| C. | Kumarmangalam Committee |
| D. | None of the Above |
| Answer» B. Malhotra Committee | |
| 2381. |
Which of the following merged with the SBI? |
| A. | State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, and State Bank of Travancore |
| B. | State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, and UCO Bank |
| C. | UCO Bank, Dena Bank, Bandhan Bank, Gramin Bank, and Axis Bank |
| D. | None of the above |
| Answer» B. State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, and UCO Bank | |
| 2382. |
Which of the following statements is/are correct about amendments to the NABARD Act, 1981? I. It proposes increase in the authorized capital of NABARD. II. It will bring medium enterprises and handlooms in NABARD's mandate. |
| A. | I only |
| B. | II only |
| C. | Both [a] and [b] |
| D. | None of the above |
| Answer» D. None of the above | |
| 2383. |
Which of the following is not a member of the MFC? |
| A. | Chetan Ghate |
| B. | Ravindra H. Dholakia |
| C. | R Gandhi |
| D. | Indira Nanu |
| Answer» E. | |
| 2384. |
Which of the following statements is/ are correct about the Monetary Policy Committee (MFC)? I. It is a nine-member committee of the Reserve Bank of India. II. It has been entrusted with the task of fixing the benchmark repo rate required to contain inflation within the specified target level. III. The meetings of the MFC will be held at least 4 times a year. |
| A. | II only |
| B. | I and II |
| C. | I, II and III |
| D. | II and III |
| Answer» E. | |
| 2385. |
The SEBI on 4 January 2017 relaxed its rules for investment by angel funds to boost up start-up funding in India. Under the new rules what is the upper limit for number of angel investors in a scheme? |
| A. | 300 |
| B. | 220 |
| C. | 180 |
| D. | 200 |
| Answer» E. | |
| 2386. |
Which of the following became India's first Digital Village? |
| A. | Akodara |
| B. | Surakhpur |
| C. | Chikbilti |
| D. | Bhadu |
| Answer» B. Surakhpur | |
| 2387. |
What percentage of reduction in the turnover fees levied on stock brokers has been suggested by SEBI on 14 January 2017? |
| A. | 25% |
| B. | 15% |
| C. | 20% |
| D. | 30% |
| Answer» B. 15% | |
| 2388. |
Which of the following bodies represented the Committee on Digital Payments notified in August 2016 by the Finance Ministry? |
| A. | Reserve Bank of India (RBI) |
| B. | Unique Identification Authority of India (UIDAI) |
| C. | Tax department |
| D. | All the above |
| Answer» E. | |
| 2389. |
Which of the following financial institutions during January 2017 received RBI's in- principle approval to pick up a 51% stake in Catholic Syrian Bank? |
| A. | BancFirst Corporation |
| B. | Fairfax Financial Holdings |
| C. | Berkshire Hathaway |
| D. | Capital One Financial Corporation |
| Answer» C. Berkshire Hathaway | |
| 2390. |
Which of the following statements is/are correct about EazyPay app? |
| A. | It was launched by HDFC Bank. |
| B. | It consolidates all digital wallets, QR code. Unified Payments Interface (UPI), and credit & debit cards modes of payments. |
| C. | Both [a] and [b] |
| D. | None of the above |
| Answer» C. Both [a] and [b] | |
| 2391. |
Which of the following agencies has developed the BHIM app? |
| A. | RBI |
| B. | National Payments Corporation of India |
| C. | National Informatics Centre |
| D. | None of the above |
| Answer» C. National Informatics Centre | |
| 2392. |
Which of the following statements is/are correct about BHIM app? I. The app is interoperable with Unified Payment interface. II. It uses Immediate Payment Service (IMPS) system. |
| A. | I only |
| B. | II only |
| C. | Both I and II |
| D. | None of the above |
| Answer» D. None of the above | |
| 2393. |
Since acceptance of deposits and granting of loans are the two general functions of a bank, the relationship arising out of these two main activities is known as |
| A. | principal and agent relationship |
| B. | financer and financee relationship |
| C. | bailor and bailee relationship |
| D. | general relationship |
| E. | specific relationship |
| Answer» E. specific relationship | |
| 2394. |
Which of the following statements is/are correct about bills of exchange? i. It represents a promise to pay a fixed amount of money at a specific point of time in future. ii. It can also be encashed earlier through discounting process of a commercial bank. iii. It acknowledges an amount of money owed in consideration of goods received. |
| A. | (ii) only |
| B. | (i) and (iii) |
| C. | (i) and (ii) |
| D. | (i), (ii) and (iii) |
| E. | None of these |
| Answer» E. None of these | |
| 2395. |
When a loan is granted by a bank for purchase of white goods it is called |
| A. | Consumption loan |
| B. | White goods loan |
| C. | Consumer durable loan |
| D. | All of the above |
| E. | None of these |
| Answer» D. All of the above | |
| 2396. |
The industrial Finance Corporation of India provides loans to |
| A. | government companies only which are in core sector (i.e., power generation, steel, coal and cement, etc) |
| B. | newly established industries in backward districts |
| C. | industries in private sector |
| D. | joint stock companies and cooperative societies engaged in the manufacturing and processing of goods |
| E. | None of the above |
| Answer» E. None of the above | |
| 2397. |
Which of the following is not an activity of merchant banking in India? |
| A. | The management of the customers securities |
| B. | The management of the portfolio |
| C. | The management of projects and counselling as well as appraisal |
| D. | The management of underwriting of shares and debentures |
| E. | None of the above |
| Answer» F. | |
| 2398. |
Which of the following would be treated as an unsecured loan? |
| A. | Agricultural loan |
| B. | Personal loan |
| C. | Educational loan |
| D. | Vehicle loan |
| E. | Housing loan |
| Answer» C. Educational loan | |
| 2399. |
When banks make advances to limited companies against their assets, the required forms are to be presented to the Registrar companies within.............. from the date of execution. |
| A. | 21 days |
| B. | 30 days |
| C. | 1 month |
| D. | 2 months |
| E. | None of these |
| Answer» C. 1 month | |
| 2400. |
A cheque presented for payment after three months from the date of the issue is called |
| A. | anti-Dated Cheque |
| B. | post-dated Cheque |
| C. | stale Cheque |
| D. | All of the above |
| E. | None of these |
| Answer» D. All of the above | |