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.
| 2601. |
The National Payments Corporation of India (NPCI) has implemented an electronic payment service termed as National Automated Clearing House (NACH) for |
| A. | Banks |
| B. | Financial institutions |
| C. | Corporates |
| D. | Government Departments |
| E. | All of the above |
| Answer» F. | |
| 2602. |
Mudra Ltd. was setup as a corporate subsidiary of...... in March, 2015 prior to the launch of the Pradhan Mantri Mudra Yojana (PMA4Y) in April, 2015. |
| A. | IDBI |
| B. | SIDBI |
| C. | SBI |
| D. | GoI |
| E. | RBI |
| Answer» C. SBI | |
| 2603. |
NACH has both Debit and Credit variants and it aims at facilitating |
| A. | Interbank |
| B. | Debit transactions |
| C. | Credit transactions |
| D. | a and c |
| E. | All of these |
| Answer» F. | |
| 2604. |
NPCI is the umbrella organisation for all retail payments system in India. It is being promoted by the |
| A. | SBI |
| B. | RBI |
| C. | SEBI |
| D. | CBI |
| E. | BOB |
| Answer» C. SEBI | |
| 2605. |
At present, most transactions are done using ...... system in the country. |
| A. | NEFT |
| B. | RTGS |
| C. | IMPS |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 2606. |
The limit on transaction through UPI system is |
| A. | Rs. 10 thousand |
| B. | Rs. 50 thousand |
| C. | Rs. 1 lakh |
| D. | Rs. 5 lakh |
| E. | Rs. 10 lakh |
| Answer» D. Rs. 5 lakh | |
| 2607. |
UPI was launched on 11th April, 2016 in |
| A. | Delhi |
| B. | Mumbai |
| C. | Bengaluru |
| D. | Patna |
| E. | None of these |
| Answer» C. Bengaluru | |
| 2608. |
Unified Payments Interface has been developed by NPCL What is NPCI? |
| A. | New Payments Corporation of India |
| B. | National Principle Corporation of India |
| C. | National Payments Company of India |
| D. | National Payments Corporation of India |
| E. | National Payments Corporation of Interface |
| Answer» E. National Payments Corporation of Interface | |
| 2609. |
Interest Rate for Shishu Category is in the range of |
| A. | 8 to 10% |
| B. | 10 to 11% |
| C. | 10 to 12% |
| D. | 12 to 15 % |
| E. | 15 to 18 % |
| Answer» D. 12 to 15 % | |
| 2610. |
The India Post Payments Bank Limited (IPPBL) has received the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs under the |
| A. | Banking Rule, 1991 |
| B. | Banking Act, 1980 |
| C. | Companies Act, 2013 |
| D. | Companies Act, 1947 |
| E. | None of the above |
| Answer» D. Companies Act, 1947 | |
| 2611. |
NBFC's, any individual with 10 yr of experience in banking can apply for licenses of |
| A. | Commercial Bank |
| B. | Payment Bank |
| C. | Small Bank |
| D. | b and c |
| E. | None of these |
| Answer» D. b and c | |
| 2612. |
The Union Cabinet has given its approval for setting up of the IPPB. What is IPPB? |
| A. | India Pre Payments Bank |
| B. | Idea Post Payments Bank |
| C. | India Post Payments Bank |
| D. | India Post Pre Bank |
| E. | Indian Post office Payments Bank |
| Answer» D. India Post Pre Bank | |
| 2613. |
The IPPB has to obtain banking licence from RBI by September |
| A. | 2016 |
| B. | 2017 |
| C. | 2018 |
| D. | 2019 |
| E. | 2020 |
| Answer» C. 2018 | |
| 2614. |
Target of Small Financial Bank are |
| A. | small businesses and MSMEs |
| B. | Non-schedule bank |
| C. | Cooperative Bank |
| D. | Builders |
| E. | Manufacture sector |
| Answer» B. Non-schedule bank | |
| 2615. |
The Payments banks will be able to |
| A. | take deposits and remittances |
| B. | internet banking |
| C. | lending services |
| D. | a and b |
| E. | All of the above |
| Answer» E. All of the above | |
| 2616. |
In August 2015, RBI gave nod to.... entities to start Payment Bank. |
| A. | 5 |
| B. | 7 |
| C. | 11 |
| D. | 13 |
| E. | 17 |
| Answer» D. 13 | |
| 2617. |
The first Chairman of Banks Board Bureau (BBB) was |
| A. | Vinod Rai |
| B. | Bimal Sharma |
| C. | M O Rego |
| D. | SK Verma |
| E. | SR Rai |
| Answer» B. Bimal Sharma | |
| 2618. |
FDI of...... is allowed in payment banks. |
| A. | 24% |
| B. | 34% |
| C. | 54% |
| D. | 74% |
| E. | 84% |
| Answer» E. 84% | |
| 2619. |
Unified Payments Interface system will not at all include the |
| A. | Debit Cards |
| B. | Credit Cards |
| C. | Wallets |
| D. | 24 x 7 Services |
| E. | a, b and d |
| Answer» D. 24 x 7 Services | |
| 2620. |
The objectives of payments banks is to push financial inclusion by providing |
| A. | small savings accounts and remittance services to migrant labour workforce |
| B. | low income households |
| C. | small businesses |
| D. | unorganised sector entities |
| E. | All of the above |
| Answer» F. | |
| 2621. |
Reserve Bank of India released guidelines for licensing of Payments Banks in |
| A. | 2007 |
| B. | 2009 |
| C. | 2011 |
| D. | 2013 |
| E. | 2014 |
| Answer» F. | |
| 2622. |
BBB comprises of a Chairman and six more members with at least |
| A. | 1 former banker and 5 professionals |
| B. | 3 former bankers and 2 professionals |
| C. | 2 former bankers and 2 professionals |
| D. | 2 former bankers and 3 professionals |
| E. | 4 former bankers and 1 professional |
| Answer» C. 2 former bankers and 2 professionals | |
| 2623. |
Bad loans in Indradhanush mission is referred under |
| A. | Bank Board Bureau |
| B. | Capitalisation |
| C. | De-stressing PSBs |
| D. | Empowerment |
| E. | Governance Reform |
| Answer» D. Empowerment | |
| 2624. |
It provides greater flexibility in hiring the man power to banks |
| A. | Empowerment |
| B. | De-stressing PSBs |
| C. | Capitalisation |
| D. | BBB |
| E. | Governance Reforms |
| Answer» B. De-stressing PSBs | |
| 2625. |
Banks Board Bureau (BBB) is an autonomous body of |
| A. | Reserve Bank of India |
| B. | Union Government of India |
| C. | SEBI |
| D. | SIDBI |
| E. | None of the above |
| Answer» C. SEBI | |
| 2626. |
Which of the following is not money market instrument? [SBI PO 2016] |
| A. | Treasury bills |
| B. | Certificate of deposit |
| C. | Commercial Bill |
| D. | Promissory Notes |
| E. | Gilt edged bill |
| Answer» F. | |
| 2627. |
Which of the following stock exchanges with a median response time of 6 s, is now considered as the world's fastest stock exchange? [SBI PQ 2016] |
| A. | New York State Exchange |
| B. | National Stock Exchange of India |
| C. | NASDAQ New York |
| D. | London Stock Exchange Group |
| E. | Bombay Stock Exchange Limited |
| Answer» F. | |
| 2628. |
Which of the following is the negotiable instrument? [SBI Clerk 2015] |
| A. | Fixed deposit of a bank |
| B. | Share certificate issued by a PSU |
| C. | Demand draft issued by a bank |
| D. | Debenture of a company |
| E. | Airway receipt |
| Answer» E. Airway receipt | |
| 2629. |
In periods or boom, which leads to economic instability, the Preserve Banks of India (RBI) resorts to IBPS Clerk 2015] |
| A. | hike in the Bank Rate as a measure of open market operations |
| B. | buying of approved securities in the market as a measure of open market operations |
| C. | sale in the market of first class securities in its possession to reduce the supply of money as a measure of open market operations |
| D. | All of the above |
| E. | None of the above |
| Answer» C. sale in the market of first class securities in its possession to reduce the supply of money as a measure of open market operations | |
| 2630. |
The introduction of e-IPO would [IBPS Clerk 2015] |
| A. | help eliminate the printing of application forms |
| B. | help in reducing the overall cost of public issuance |
| C. | support companies in reaching more retail investors in small towns |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 2631. |
Which one of the following is known as 'Demat' account? [IBPS PO 2015] |
| A. | Account in which shares are held in electronic form |
| B. | Other than those given as options |
| C. | Account allowed to be operated by guardian of minor |
| D. | Account operated by business correspondents in rural centres |
| E. | Account opened with zero balance |
| Answer» B. Other than those given as options | |
| 2632. |
Who amongst the following is the regulator in the financial system of the country? [SBI Clerk 2015] |
| A. | Other than those given a options |
| B. | SEBI |
| C. | CRISIL |
| D. | TRAN |
| E. | CERC |
| Answer» D. TRAN | |
| 2633. |
Which of the following authorities is responsible for maintaining accounts, deposits and cash management of the government through issue of Bonds and Treasury Bills? [SBI Clerk 2014] |
| A. | SEBI |
| B. | IBA |
| C. | IRDA |
| D. | SBI |
| E. | RBI |
| Answer» B. IBA | |
| 2634. |
A bond issued at a price less than its face value and payable on its due at its face value bearing no Rate of Interest (Rol) is called [SBI Clerk 2014] |
| A. | Preference Bond |
| B. | Zero Coupon Bond |
| C. | Convertible Bond |
| D. | Perpetual Bond |
| E. | Sovereign |
| Answer» C. Convertible Bond | |
| 2635. |
Which of the following is a sovereign instrument with a fixed coupon (payable on a specified date or half yearly) issued by Reserve Bank for market borrowing programme of the government of India? SBI Clerk 2014] |
| A. | Fixed deposits |
| B. | Dated government securities |
| C. | Debentures |
| D. | Bonds |
| E. | Equity shares of PSBs |
| Answer» E. Equity shares of PSBs | |
| 2636. |
A Credit Guarantee Trust Fund has been set up for guaranteeing collateral free facilities by lending institutions to small scale industries. This funds is being managed by which of the following institutions? [SBI Clerk 2014] |
| A. | IDBI |
| B. | NABARD |
| C. | SBI |
| D. | SIDBI |
| E. | RBI |
| Answer» E. RBI | |
| 2637. |
Which of the following institutions provides secured depository services? [IBPS Clerk 2014] |
| A. | NSE |
| B. | RBI |
| C. | NSDL |
| D. | BSE |
| E. | Other than those given as options |
| Answer» D. BSE | |
| 2638. |
The abbreviation ASBA stands for [SBI PO 201] |
| A. | Applications Supported by Blocked Account |
| B. | Applications Supported by Bank Amount |
| C. | Applications Serviced by Blocked Account |
| D. | Applications Serviced by Bank Account |
| E. | Applications Supported by Blocked Amount |
| Answer» F. | |
| 2639. |
Commercial Paper (CP) is an unsecured money market instrument issued in the from of a promissory note. Commercial paper can be used in denominations of [SBI PO 2014] |
| A. | Rs. one lakh or multiples thereof |
| B. | Rs. two lakh or multiples thereof |
| C. | Rs. three lakh or multiples thereof |
| D. | Rs. five lakh or multiples thereof |
| E. | Rs. ten lakh or multiples thereof |
| Answer» E. Rs. ten lakh or multiples thereof | |
| 2640. |
Which of the following organisation is made specifically responsible for empowering Micro, Small and Medium enterprises in India? [SBI PO 2013] |
| A. | NABARD |
| B. | RBI |
| C. | SIDBI |
| D. | ECGC |
| E. | SEBI |
| Answer» D. ECGC | |
| 2641. |
BSE (Bombay Stock Exchange), the oldest stock exchange in Asia has joined hands with one more International index in February, 2013. This association has resulted in change of name of BSE index. What is the change of name effected? [SBI PO 2013] |
| A. | Dow Jones BSE Index |
| B. | NASDAQ BSE Index |
| C. | S & P BSE Index |
| D. | Euronext BSE Index |
| E. | Other than those given as options |
| Answer» D. Euronext BSE Index | |
| 2642. |
A non-performing asset is [SBI PO 2013] |
| A. | money at call and short notice |
| B. | an asset that ceases to generate income |
| C. | cash balance in till |
| D. | cash balance with RBI |
| E. | balance with other banks |
| Answer» C. cash balance in till | |
| 2643. |
Which of the following is a receipt listed in India and traded in rupees declaring ownership of share of a foreign company? [IBPS PO 2013] |
| A. | Indian Depository Receipt (IDR) |
| B. | European Depository Receipt (EDR) |
| C. | Global Depository Receipt (GDR) |
| D. | American Depository Receipt (ADR) |
| E. | Luxemburg Depository Receipt (LDR) |
| Answer» B. European Depository Receipt (EDR) | |
| 2644. |
A new scheme has been announced in the budget 2012-13 giving tax exemptions to first time equity market investors. The scheme is titled as [SBI Assistant 2012] |
| A. | Rajiv Gandhi Equity Savings Scheme |
| B. | Rashtriya Equity Saving Scheme |
| C. | National Equity Savings Scheme |
| D. | Indira Gandhi Equity Savings Scheme |
| E. | Prime Minister's Equity Savings Scheme |
| Answer» B. Rashtriya Equity Saving Scheme | |
| 2645. |
Which of the following terms is not directly associated with the functioning of RBI? [SBI Assistant 2012] |
| A. | Open Market Operations |
| B. | Cash Reserve Ratio |
| C. | SENSEX |
| D. | Liquidity Adjustment Facility |
| E. | Public Debt Office |
| Answer» D. Liquidity Adjustment Facility | |
| 2646. |
What does the letter 'D' denote in the term 'SDR'? (as used in Finance) [SBI Assistant 2012] |
| A. | Deposits |
| B. | Data |
| C. | Drawing |
| D. | Debt |
| E. | Dealers |
| Answer» D. Debt | |
| 2647. |
Which of the following Organisations is the Regulators of Stock Exchanges in India? [SBI Assistant 2012] |
| A. | RBI |
| B. | SIDBI |
| C. | SEBI |
| D. | NABARD |
| E. | IBA |
| Answer» D. NABARD | |
| 2648. |
Which of the following terms is not used in banking/finance? [SBI PO 2012] |
| A. | Public Debt |
| B. | Plasma |
| C. | Joint Venture |
| D. | Net Demand and Time liability |
| E. | Treasury Bill |
| Answer» C. Joint Venture | |
| 2649. |
MCX is the index of which of the following stock exchanges of India? [SBI PO 2012] |
| A. | National Stock Exchange |
| B. | Bombay Stock Exchange |
| C. | Delhi Stock Exchange |
| D. | Kolkata Stock Exchange |
| E. | Multi Commodity Stock Exchange |
| Answer» F. | |
| 2650. |
Which of the following stock exchanges in India, recently launched 'Carbon Index', so that investors can assess risk and opportunities associated with climate change? [IBPS Specialist Officer 2012] |
| A. | Delhi Stock Exchange |
| B. | National Stock Exchange |
| C. | Bombay Stock Exchange |
| D. | Kolkata Stock Exchange |
| E. | Ahmedabad Stock Exchange |
| Answer» D. Kolkata Stock Exchange | |