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.
| 2551. |
When was Imperial Bank changed as State Bank of India? |
| A. | 1st January, 1935 |
| B. | 26th February, 1947 |
| C. | 1st July, 1955 |
| D. | 1st July, 1959 |
| E. | 26th February, 1955 |
| Answer» D. 1st July, 1959 | |
| 2552. |
Imperial Banks were amalgamated and changed as....... |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | Subsidiary Banks |
| D. | Union Bank of India |
| E. | Corporation Bank |
| Answer» C. Subsidiary Banks | |
| 2553. |
Which of the following Public Sector Bank's emblem figures a dog and the words faithful friendly' in it? |
| A. | Punjab National Bank |
| B. | Syndicate Bank |
| C. | Oriental Bank of India |
| D. | State Bank of India |
| E. | Central Bank of India |
| Answer» C. Oriental Bank of India | |
| 2554. |
When was Ombudsman Scheme first introduced? |
| A. | November, 2006 |
| B. | October, 1981 |
| C. | June, 1995 |
| D. | January, 1998 |
| E. | All of these |
| Answer» D. January, 1998 | |
| 2555. |
Who introduced the Banking Ombudsman Scheme? |
| A. | RBI |
| B. | SBI |
| C. | Ministry of Finance |
| D. | NABARD |
| E. | None of these |
| Answer» B. SBI | |
| 2556. |
Choose the one which is incorrectly matched. |
| A. | Allahabad Bank-A Tradition of Trust |
| B. | Andhra Bank-Where India Banks |
| C. | Bank of Baroda-Hum Hai Na, Khyal Apka |
| D. | Bank of India-Relationship beyond banking |
| E. | Bhartiya Manila Bank-Empowering Women |
| Answer» D. Bank of India-Relationship beyond banking | |
| 2557. |
A scheduled bank is the one which is included in the |
| A. | II Schedule of Banking Regulation Act |
| B. | II Schedule of Constitution |
| C. | II Schedule of RBI Act |
| D. | None of the above |
| E. | All of the above |
| Answer» D. None of the above | |
| 2558. |
RBI has come out with a new category of borrower called |
| A. | Non-Cooperative borrower |
| B. | Cooperative borrower |
| C. | All borrower |
| D. | Commercial borrower |
| E. | Non-Commercial borrower |
| Answer» B. Cooperative borrower | |
| 2559. |
Which organisation is an umbrella organisation for all retail payments system in India [Bank of Maharastra PO 2016] |
| A. | RBI |
| B. | SBI |
| C. | NPCI |
| D. | ANBC |
| E. | NFS |
| Answer» D. ANBC | |
| 2560. |
NACH debit is the product of [Bank of Maharastra 2016] |
| A. | NPCI |
| B. | NFS |
| C. | AEPS |
| D. | ANBC |
| E. | SBI |
| Answer» B. NFS | |
| 2561. |
What does I stand for in UPI [Bank of Maharastra PO 2016] |
| A. | India |
| B. | Interface |
| C. | International |
| D. | Institution |
| E. | Ink |
| Answer» C. International | |
| 2562. |
MUDRA is the subsidiary of [Bank of Maharastra PO 2016] |
| A. | RBI |
| B. | SBI |
| C. | SIDBI |
| D. | NABARD |
| E. | IDFC |
| Answer» D. NABARD | |
| 2563. |
Maximum amount in Mudra scheme is [SBI Clerk 2016] |
| A. | Rs. 5 lakh |
| B. | Rs. 10 lakh |
| C. | Rs. 15 lakh |
| D. | Rs. 20 lakh |
| E. | Rs. 25 lakh |
| Answer» C. Rs. 15 lakh | |
| 2564. |
Fino pay tech is which type of bank? [SBI PO 2016] |
| A. | micro bank |
| B. | small bank |
| C. | payment bank |
| D. | digi bank |
| E. | None of these |
| Answer» D. digi bank | |
| 2565. |
Non-farm micro units are eligible for how much loan under Mudra scheme? [SBI PO 2016] |
| A. | Rs. 5 lakh |
| B. | Rs. 10 lakh |
| C. | Rs. 20 lakh |
| D. | Rs. 25 lakh |
| E. | Rs. 30 lakh |
| Answer» C. Rs. 20 lakh | |
| 2566. |
Small finance banks will also have to ensure that 50% of their loan portfolio constitutes advances of upto [SBI PO 2016] |
| A. | Rs. 5 lakh |
| B. | Rs. 10 lakh |
| C. | Rs. 20 lakh |
| D. | Rs. 25 lakh |
| E. | Rs. 30 lakh |
| Answer» E. Rs. 30 lakh | |
| 2567. |
NACH was launched by [SBI PO 2016] |
| A. | NPI |
| B. | NCI |
| C. | NPCI |
| D. | MPCI |
| E. | MPCII |
| Answer» D. MPCI | |
| 2568. |
Maximum Loan that can be taken from a small finance bank [SBI Clerk 2015] |
| A. | Rs. 5 lakh |
| B. | Rs. 10 lakh |
| C. | Rs. 15 lakh |
| D. | Rs. 20 lakh |
| E. | Rs. 25 lakh |
| Answer» F. | |
| 2569. |
National Automated clearing house is a centralised clearing system launched by [SBI Clerk 2015] |
| A. | National Payments Mouse |
| B. | Indian Payments House |
| C. | Indian Payments get way |
| D. | National Payments Corporation or India |
| E. | None of the above |
| Answer» E. None of the above | |
| 2570. |
According to Reserve Bank of India (RBI) guidelines, payment banks are not permitted to [RBI Grade B 2015] |
| A. | setup branches/ATMs |
| B. | undertake utility bill payment services |
| C. | issue debit cards |
| D. | distribute insurance/mutual fund/pension products |
| E. | undertake non-banking financial through subsidies |
| Answer» D. distribute insurance/mutual fund/pension products | |
| 2571. |
The key Reforms under Indradhanush mission is/are I. Appointments II. Bank Board Bureau III. Capitalization IV. De-stressing PSBs V. Empowerment Codes |
| A. | I, II and V |
| B. | I, II, III and IV |
| C. | I, II, III, IV and V |
| D. | III, IV and V |
| E. | None of the above |
| Answer» D. III, IV and V | |
| 2572. |
Payments banks can issue I. ATM/debit cards II. Credit cards III. other prepaid payment instruments Codes |
| A. | I and III |
| B. | Only I |
| C. | II and III |
| D. | Only III |
| E. | All of these |
| Answer» B. Only I | |
| 2573. |
Choose the correct statement(s). I. Banks Board Bureau (BBB) is an autonomous body of Union Government of India. II. Former Comptroller and Auditor General (CAG) Vinod Rai has been appointed as the last Chairman of BBB. III. BBB is a part of a seven-pronged plan for PSBs dubbed as Indradhanush (rainbow) plan. Which of the above statements is/are correct? |
| A. | I and II |
| B. | II and III |
| C. | I and III |
| D. | I, II and III |
| E. | Only III |
| Answer» E. Only III | |
| 2574. |
IPPB services will be linked to post offices and alternative channels riding on modern technology including I. ATMs II. Mobiles III. simple digital payments IV. PoS/m-PoS devices Codes |
| A. | I and IV |
| B. | I, II and III |
| C. | I, II, III and IV |
| D. | II, III and IV |
| E. | III and IV |
| Answer» D. II, III and IV | |
| 2575. |
Announcement for Bank Board Bureau (BBB) was made in Budget speech for the year |
| A. | 2013-14 |
| B. | 2014-15 |
| C. | 2015-16 |
| D. | 2016-17 |
| E. | 2017-18 |
| Answer» D. 2016-17 | |
| 2576. |
The prepaid instruments can be issued as I. smart cards; II. magnetic stripe cards; III. internet accounts; IV internet wallets; V. mobile accounts; VI. mobile wallets; and VII. paper vouchers. Codes |
| A. | I, V, VI and VII |
| B. | I, II, III and VII |
| C. | I,II, III, IV and V |
| D. | I, II, III, IV and VII |
| E. | All of these |
| Answer» F. | |
| 2577. |
Small banks can undertake financial services like I. distribution of mutual fund units II. Insurance products III. Pension products Codes |
| A. | Only III |
| B. | I and III |
| C. | I, II and III |
| D. | I and II |
| E. | II and III |
| Answer» D. I and II | |
| 2578. |
Elements of core banking include I. Making and servicing loans. II. Opening new accounts. III. Processing cash deposits and withdrawals, IV. Processing payments and cheques Codes |
| A. | I and IV |
| B. | I, II and III |
| C. | I, II. Ill and IV |
| D. | II, III and IV |
| E. | III and IV |
| Answer» D. II, III and IV | |
| 2579. |
Mudra Bank will deliver the loan through I. NBFCs II. Rural Banks III. District Banks IV. Primary Lending Institutions V. Nationalise Bank Codes |
| A. | I, II and III |
| B. | II, III and IV |
| C. | III, IV and V |
| D. | II, III, IV and V |
| E. | All of these |
| Answer» C. III, IV and V | |
| 2580. |
Consider the following statements. I. NACH is a funds clearing platform. II. NACH has both debit and credit variants. III. NACH will replace ESS in 2018. Which of the above statements is/are correct? |
| A. | I and II |
| B. | II and III |
| C. | I and III |
| D. | Only II |
| E. | I, II and III |
| Answer» D. Only II | |
| 2581. |
Consider the following statements regarding payments bank. I. They can issue ATM/debit cards. II. FDI of 74% is allowed in payment banks. III. In August 2011, RBI gave nod to 11 entities to start Payment Bank. Which of the above statements is/are correct? |
| A. | Only III |
| B. | I and II |
| C. | II and III |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 2582. |
National Payments Corporation of India was founded in |
| A. | 1998 |
| B. | 2003 |
| C. | 2004 |
| D. | 2008 |
| E. | 2012 |
| Answer» E. 2012 | |
| 2583. |
IPPB will start operations in March, 2017 and will cover the entire country by the end of financial year |
| A. | 2017-18 |
| B. | 2018-19 |
| C. | 2019-20 |
| D. | 2020-21 |
| E. | None of these |
| Answer» C. 2019-20 | |
| 2584. |
AWB offers you greater flexibility, transaction power, convenience and ease in banking. What is AWB? |
| A. | Anywhere banking |
| B. | All wonder banking |
| C. | Any working banking |
| D. | All working banking |
| E. | All will banking |
| Answer» B. All wonder banking | |
| 2585. |
All restructured RRBs having net NPA within 3% are eligible under |
| A. | Small Bank |
| B. | PMM Scheme |
| C. | Payment bank |
| D. | IPPB |
| E. | All of these |
| Answer» C. Payment bank | |
| 2586. |
The Indradhanush mission is aimed to revamp the functioning of |
| A. | Public Sector Banks |
| B. | NBFC |
| C. | Private Sector Bank |
| D. | RRB |
| E. | RBI |
| Answer» B. NBFC | |
| 2587. |
UPI provided a mobile personal identification number which will be similar to |
| A. | Password of mail |
| B. | ATM PIN |
| C. | OTP Number |
| D. | Train Number |
| E. | Indian Currency |
| Answer» C. OTP Number | |
| 2588. |
Customer Relationship Management activities are elements of |
| A. | Payment Banking |
| B. | Small Banking |
| C. | Core Banking |
| D. | Post Payment Banking |
| E. | None of these |
| Answer» D. Post Payment Banking | |
| 2589. |
The primary motive of NACH is to |
| A. | handle low value, high volume transaction base on electronic files |
| B. | reducing the dependency on international cai schemes |
| C. | refinance of MFIS to encourage entrepreneurship |
| D. | a and b |
| E. | None of the above |
| Answer» B. reducing the dependency on international cai schemes | |
| 2590. |
For the initial 3 yr, prior approval will be required for branch expansion of |
| A. | Commercial bank |
| B. | Payment bank |
| C. | Small bank |
| D. | Private bank |
| E. | All of the above |
| Answer» D. Private bank | |
| 2591. |
Dilip Shantilal Shanghvi (Sun Pharmaceuticals) started |
| A. | Small Banks |
| B. | Payment Banks |
| C. | Anywhere Banks |
| D. | IPPB |
| E. | IMPS |
| Answer» C. Anywhere Banks | |
| 2592. |
Mudra bank has been setup with only one goal in mind |
| A. | fulfilling all the Funding needs of Small Businesses |
| B. | fulfilling all the Funding needs of Corporate Small Businesses |
| C. | fulfilling all the Funding needs of Non-Corporate Businesses |
| D. | fulfilling all the Funding needs of Non-Corporate Small Businesses |
| E. | fulfilling all the Funding needs of Corporate Businesses |
| Answer» E. fulfilling all the Funding needs of Corporate Businesses | |
| 2593. |
Under the guidelines of Pradhan Mantri Mudra Scheme, Mudra Bank has launched........ of its intiative product. |
| A. | 2 |
| B. | 3 |
| C. | 4 |
| D. | 5 |
| E. | 6 |
| Answer» C. 4 | |
| 2594. |
A small bank can transform into a full-fledged bank, but only after |
| A. | SBI's approved |
| B. | Gol's approved |
| C. | RBI's approved |
| D. | Finance minister's approved |
| E. | None of the above |
| Answer» D. Finance minister's approved | |
| 2595. |
A core banking system is the software used to support a bank's most |
| A. | Prepaid transactions |
| B. | Post transactions |
| C. | Abnormal transactions |
| D. | Common transactions |
| E. | Specific transactions |
| Answer» E. Specific transactions | |
| 2596. |
The prepaid payment instruments that can be issued in the country are classified under which categories |
| A. | Closed system payment instruments |
| B. | Semi-closed system payment instruments |
| C. | Semi-open system payment instruments |
| D. | Open system payment instruments |
| E. | a, b and d |
| Answer» F. | |
| 2597. |
All scheduled commercial Banks in public and private sector with 3 yr of continuous profit track record, net NPAs not exceeding 3%, minimum net worth of...... and not less than 9% CRAR are eligible to lend loan. |
| A. | Rs. 10 crore |
| B. | Rs. 50 crore |
| C. | Rs. 100 crore |
| D. | Rs. 200 crore |
| E. | Rs. 500 crore |
| Answer» D. Rs. 200 crore | |
| 2598. |
All small business which have been setup and established will fall into this category. |
| A. | Shishu category |
| B. | Kishor Category |
| C. | Tarun Category |
| D. | a and b |
| E. | b and c |
| Answer» D. a and b | |
| 2599. |
A loan cover from Rs. 50000 to 5 lakhs will be given to units falling into this category. |
| A. | Shishu Category |
| B. | Kishor Category |
| C. | Tarun Category |
| D. | a and b |
| E. | b and c |
| Answer» C. Tarun Category | |
| 2600. |
Government had already announced that the post of Chairman and Managing Director in Public Sector Banks were to be split into |
| A. | MD and CEO |
| B. | Non-Executive Chairman |
| C. | Executive officer |
| D. | a and b |
| E. | All of the above |
| Answer» E. All of the above | |