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.
| 2751. |
Insurance service provided by various banks is commonly known as |
| A. | Investment Banking |
| B. | Portfolio Management |
| C. | Merchant Banking |
| D. | Banc assurance |
| E. | Banking insurance |
| Answer» E. Banking insurance | |
| 2752. |
Which is the sole reinsurance company in the Indian insurance market? |
| A. | United India Insurance Company Limited |
| B. | General Insurance Corporation of India |
| C. | New India Assurance Company Limited |
| D. | The Oriental Insurance Company |
| E. | Life Insurance Corporation of India |
| Answer» C. New India Assurance Company Limited | |
| 2753. |
What is the minimum paid up capital required for a General Insurance Company to commence its operations in India? |
| A. | 100 crore |
| B. | 200 crore |
| C. | 250 crore |
| D. | 300 crore |
| E. | 500 crore |
| Answer» B. 200 crore | |
| 2754. |
With which of the following did the State Bank of India enter into a joint venture agreement for undertaking general insurance business? |
| A. | New India Assurance Ltd. |
| B. | Insurance Australia Group |
| C. | Lehman Brothers Holdings Inc. |
| D. | Allianz |
| E. | BNP Paribas Card if. |
| Answer» C. Lehman Brothers Holdings Inc. | |
| 2755. |
Which of the following insurance companies gives the slogan Prithvi, Agni, Jal, Akash Sabki Suraksha Hamare Paas? |
| A. | Life Insurance Corporation |
| B. | Oriental Insurance Company |
| C. | New India Assurance |
| D. | General Insurance Company |
| E. | SBI Life Insurance |
| Answer» C. New India Assurance | |
| 2756. |
Some countries may not worry about an unfavourable balance on current account because [IBPS Clerk 2015] |
| A. | they know they can always borrow to cover the deficit |
| B. | they import capital goods to build up export industries that will eventually, eliminate the deficit. |
| C. | deficits are always a stimulant to economic growth, which is a higher priority |
| D. | they can if necessary, fix the exchange rate to wipe out the deficit |
| E. | their capital account will be favourable since the balance of payments always ends up at 0 |
| Answer» D. they can if necessary, fix the exchange rate to wipe out the deficit | |
| 2757. |
Indian Renewable Energy Development Agency Limited (IREDA) was awarded the Miniratna (Category 1) status by the Department of Public Enterprises under the Union Ministry of Heavy Industry and Public Enterprises. Eligibility for Miniratna Category-1 PSEs [SBI PO 2015] I. They should have made profit in the last three years continuously. II. The pre-tax profit should have been Rs. 30 crore of more in atleast one of the three years. III. Rs. 500 million to be invested Code. Select the correct answer using the codes given below |
| A. | I and II |
| B. | II and III |
| C. | I, II and III |
| D. | I or II |
| E. | None of these |
| Answer» E. None of these | |
| 2758. |
In Trade Finance, a financial transaction involving the purchase of receivables from exporters by a third party who takes all the risks associated with the receivable is known as [SBI PO 2014] |
| A. | Forfeiting |
| B. | Securitisation |
| C. | Negotiation |
| D. | Factoring |
| E. | Assignment |
| Answer» B. Securitisation | |
| 2759. |
Union Finance Ministry had announced the decision in the Rajya Sabha debate on the Finance Bill to setup former Justice AP Shah chaired a committee on 7th May, 2015. Shah Committee to look into the issue of [SBI PO 2015] |
| A. | Minimum Alternate Tax (MAT) on Foreign Institutional Investors (FIIs) |
| B. | Trade and Industry |
| C. | Science and Engineering |
| D. | Bank |
| E. | Public Affairs |
| Answer» B. Trade and Industry | |
| 2760. |
Which of the following nations is 'not a member of SAARC? [SBI PO 2014] |
| A. | Nepal |
| B. | Mauritius |
| C. | Bhutan |
| D. | Afghanistan |
| E. | Maldives |
| Answer» C. Bhutan | |
| 2761. |
MEIS and SEIS introduced in the foreign trade policy of [IBPS PO 2013] |
| A. | 1990-95 |
| B. | 2000-05 |
| C. | 2010-15 |
| D. | 2015-20 |
| E. | 2016-21 |
| Answer» C. 2010-15 | |
| 2762. |
The World Health Organisation (WHO) is a specialised agency of the United Nations (UN) that is concerned with international Public Health. It is headquartered at [IBPS PO 2013] |
| A. | Sweden |
| B. | Switzerland |
| C. | United Kingdom |
| D. | France |
| E. | Germany |
| Answer» C. United Kingdom | |
| 2763. |
Which of the following countries is a member of BRICS? [RBI Assistant 2012] |
| A. | Bhutan |
| B. | Iran |
| C. | Romania |
| D. | Sudan |
| E. | South Africa |
| Answer» F. | |
| 2764. |
Which one of the following is the investment in securities that is intended for financial gain only and does not create a lasting interest in or effective management control over an enterprise? |
| A. | Foreign direct investment |
| B. | Portfolio investment |
| C. | Equity direct investment |
| D. | Both a and c |
| E. | None of these |
| Answer» E. None of these | |
| 2765. |
Which of the following is the abbreviated name of the body/agency setup to boost foreign investments in India? [RBI Assistant 2012] |
| A. | FOREX |
| B. | FCCB |
| C. | FIPB |
| D. | FEMA |
| E. | AITAF |
| Answer» D. FEMA | |
| 2766. |
Which of the following countries is not a member of Organisation of the Petroleum Exporting Countries (OPEC)? [SBI Associate 2012] |
| A. | Angola |
| B. | Libya |
| C. | Bangladesh |
| D. | Venezuela |
| E. | Qatar |
| Answer» D. Venezuela | |
| 2767. |
In addition to India and China the following nations are also members of 'BRICS' [SBI Associate 2012] |
| A. | Bangladesh, Russia and Sri Lanka |
| B. | Belgium, Romania and South Africa |
| C. | Belgium, Russia and Saudi Arabia |
| D. | Brazil, Russia and South Africa |
| E. | Bhutan, Russia and Sri Lanka |
| Answer» E. Bhutan, Russia and Sri Lanka | |
| 2768. |
The term 'FTZ' stands for [SBI Clerk 2012] |
| A. | Free Trade Zone |
| B. | Food Trade Zone |
| C. | Foreign Trade Zone |
| D. | Fiscal Trade Zone |
| E. | Financial Trade Zone |
| Answer» D. Fiscal Trade Zone | |
| 2769. |
The difference between visible exports and visible imports is defined as [Corporation Bank 2011] |
| A. | Balance of trade |
| B. | Balance of payments |
| C. | Balanced terms of trade |
| D. | Gains from trade |
| E. | All of the above |
| Answer» B. Balance of payments | |
| 2770. |
Euro was the single currency of European Union, which came in circulation by [Corporation Bank 2011] |
| A. | 1970 |
| B. | 1985 |
| C. | 1999 |
| D. | 2002 |
| E. | 2007 |
| Answer» D. 2002 | |
| 2771. |
What is cross border exchange? [Allahabad Bank 2011] |
| A. | Trading of foreign currency in India |
| B. | Trading of Indian rupee in exchange of other Currencies/goods |
| C. | Hawala transactions in Indian rupee |
| D. | Unauthorised remittance of Indian rupee |
| E. | None of the above |
| Answer» C. Hawala transactions in Indian rupee | |
| 2772. |
Which of the following organisations issues the rules of global trade? [Allahabad Bank 2011] |
| A. | World Bank |
| B. | World Trade Organisation |
| C. | Foreign Exchange Dealers' Association |
| D. | Directorate General of Foreign Trade |
| E. | None of the above |
| Answer» C. Foreign Exchange Dealers' Association | |
| 2773. |
Which of the following organisations provides guarantee to the exporters? [Allahabad Bank 2011] |
| A. | Exim Bank |
| B. | Export Credit Guarantee Corporation |
| C. | Director General Foreign Trade |
| D. | Reserve Bank of India |
| E. | Registrar of Companies |
| Answer» C. Director General Foreign Trade | |
| 2774. |
What is 'financial inclusion'? [Allahabad Bank 2011] I. Easy access to bank accounts for safe parking of savings. II. Availability of cheap credits through appropriately designed loans for poor and low income households and small entrepreneur. III. Availability of basic financial products like insurance. Select the correct answer using the codes given below |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | I and II |
| E. | All of these |
| Answer» C. Only III | |
| 2775. |
Invisible Export means export of [Corporation Bank 2011] |
| A. | services |
| B. | prohibited goods |
| C. | unrecorded goods |
| D. | goods through smuggling |
| E. | All of these |
| Answer» B. prohibited goods | |
| 2776. |
On the balance of payments statements, merchandise imports are classified in the |
| A. | current account |
| B. | capital account |
| C. | unilateral transfer account |
| D. | official settlements account |
| E. | None of the above |
| Answer» B. capital account | |
| 2777. |
Where is the head office of the International Monetary Fund (IMF)? [Andhra Bank 2011] |
| A. | Paris |
| B. | New York |
| C. | Washing-ton DC |
| D. | Dhaka |
| E. | Beirut |
| Answer» D. Dhaka | |
| 2778. |
On which one of the following issues has IMF supported monetary policy of India? [Indian Overseas Bank 2011] |
| A. | Introduction of GST |
| B. | Stimulus for agriculture sector |
| C. | Concessions for foreign investment |
| D. | Tightening of monetary policy |
| E. | None of the above |
| Answer» E. None of the above | |
| 2779. |
The main function of the IMF is [Indian Overseas Bank 2011; Corporation Bank 2011] |
| A. | to help solve balance of payments problems of member countries |
| B. | to arrange international deposits from banks |
| C. | to act as private sector lending arm of the World Bank |
| D. | to finance investment loans to developing countries |
| E. | None of the above |
| Answer» B. to arrange international deposits from banks | |
| 2780. |
Which of the following statements is true about International Monetary Fund (IMF)? [RBI Grade B 2011] |
| A. | It provides ways and means funds to member countries |
| B. | It is an agency of the World Bank and is situated in Prague |
| C. | It makes all the rules and regulations in relation to the world trade between the nations |
| D. | On becoming its member, countries get finance as temporary balance of payment needs |
| E. | It is an organisation floated by the members of NATO and caters to the need of those countries only |
| Answer» E. It is an organisation floated by the members of NATO and caters to the need of those countries only | |
| 2781. |
Special Drawing Rights are the rights of countries provided by [RBI Grade B 2011] |
| A. | World Bank |
| B. | IMF |
| C. | ADB |
| D. | Federal Reserve |
| E. | None of these |
| Answer» C. ADB | |
| 2782. |
Which of the following economic concepts is 'categorised on the basis of current account or capital account or both? [RBI Grade B 2011] |
| A. | Balance of payments |
| B. | Value of the food grain stock of a country |
| C. | Gross National Product (GNP) |
| D. | Gross National Income (GNI) |
| E. | Total collection of direct taxes in a year |
| Answer» B. Value of the food grain stock of a country | |
| 2783. |
Which of the following organisations has given a warning to the nations of the world that there may be increased risk to global financial stability in the world? [RBI Grade B 2011] |
| A. | World Bank |
| B. | World Trade Organisation |
| C. | Asian Development Bank |
| D. | International Monetary Fund |
| E. | United Nation Organisation |
| Answer» B. World Trade Organisation | |
| 2784. |
Consider the following statements. I. Nominal Effective Exchange Rate (NE'ER) is the weighted average of bilateral exchange rate of the home currency in the terms of foreign currencies. II. Real Effective Exchange Rate (REER) is used to measure the movements of exchange rate as well as inflation differentials between India and its major trading partners. Which of the statements given above is/are correct? |
| A. | Only I |
| B. | Only II |
| C. | Both I and II |
| D. | Neither I nor II |
| E. | Either I or II |
| Answer» D. Neither I nor II | |
| 2785. |
In order to attract, more foreign exchange the Government of India decided to allow foreign investment in LLP firms, what is full form of 'LLP' as used in this reference? [IBPS PO 2011] |
| A. | Local Labour Promotion |
| B. | Low Labour Projects |
| C. | Limited Loan Partnership |
| D. | Longer Liability Partnership |
| E. | Limited Liability Partnership |
| Answer» F. | |
| 2786. |
As per the news published in various financial newspapers, the RBI is r-working the roadmap on Capital Account Convertibility. If this is done, who amongst the following would be able to invest in foreign projects or acquire assets outside India without any restrictions? I. Public Sector Banks II. Companies which are registered m India III. Government of India IV. Any Individual Select of the correct answer using the codes given below |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | All of these |
| E. | None of these |
| Answer» C. Only III | |
| 2787. |
The balance of international indebtedness is a record of a country's international |
| A. | investment position over a period of time |
| B. | investment position at a fixed point in lime |
| C. | trade position over a period of time |
| D. | trade position at fixed point in time |
| E. | None of the above |
| Answer» B. investment position at a fixed point in lime | |
| 2788. |
Choose the correct option related to World Bank Organisations, IBRD and IDA. I. India use IDA funds on social sector. II. India use IBRD funds on infrastructure development. III. IBRD loans are cheaper than IDA loans. Which of the statements given above is/are correct? |
| A. | Only I |
| B. | Only II |
| C. | I and II |
| D. | II and III |
| E. | All of these |
| Answer» D. II and III | |
| 2789. |
We very frequently read about the activities of the Foreign Exchange Market in newspapers/ magazines. Which of the following is/are the major functions of the same? I. Transfer of purchasing power from domestic to foreign market. II. Providing credit for financing foreign trade. III. Power to purchase gold from foreign countries, as most of the nations still work on Gold Standards. Codes |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | I and II |
| E. | II and III |
| Answer» F. | |
| 2790. |
As per the RBI, the economic conditions in India are not yet suitable for full convertibility of Rupee. At present Rupee is convertible at which of the following accounts? I. Fully at Capital Account II. Fully at Current Account III. Partially at Trade Account Codes |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | Only II and III |
| E. | None of these |
| Answer» C. Only III | |
| 2791. |
Consider the following items I. Gems and jewellery II. Chemicals and related products III. Engineering goods IV. Textiles Which of the items given above are the top items in India's manufactured exports? |
| A. | I, II and III |
| B. | I, II and IV |
| C. | II, III and IV |
| D. | All of these |
| E. | None of these |
| Answer» B. I, II and IV | |
| 2792. |
Which of the following statements is/are true about the 34th Summit of the World's eight most industrialised nations (G-8 Summit) held in July, 2008? I. The summit took place in Moscow. II. Leaders of G-8 countries endorsed a proposal to have the quantity of the carbon emissions in the air by the year 2050. III. Leaders of G-8 nations also expressed their strong concern about the sharp and frequent rise in the prices of oil products globally. Codes |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | I and III |
| E. | All of these |
| Answer» E. All of these | |
| 2793. |
Which of the following is/are included in 'Deficit Financing' in India? I. Borrowing from the Reserve Bank of India. II. Issue of new currency notes. III. Withdrawal of past balances/surpluses etc. Select the correct answer using the codes given below |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | All of these |
| E. | None of these |
| Answer» C. Only III | |
| 2794. |
Consider the following organisations I. International Bank for Reconstruction and Development (IBRD) II. International Finance Corporation (IFC) III. International Fund for Agricultural Development (IFAD) IV. International Monetary Fund (IMF) Which of the above agencies of United Nations is/are correct? |
| A. | II, III and IV |
| B. | III and II |
| C. | II and III |
| D. | III and IV |
| E. | I and II |
| Answer» B. III and II | |
| 2795. |
Consider the following statements regarding ADB. I. ADB was established in 1966 and has 67 members at present. II. The bank aims at fighting poverty in Asia and in the Pacific. III. The functions of ADB are different from that of World Bank. Which of the statements given above is/are correct? |
| A. | Only I |
| B. | Only II |
| C. | Only III |
| D. | I and II |
| E. | All of these |
| Answer» E. All of these | |
| 2796. |
Consider the following statements. I. IMF and World Bank both are Bretton Wood heir. II. World Bank provides long term loan for promoting balanced economic development. III. IMF provides loans to eliminate BoP disequilibrium. Which of-the statements given above are correct? |
| A. | I and II |
| B. | II and III |
| C. | I and III |
| D. | All of these |
| E. | None of these |
| Answer» B. II and III | |
| 2797. |
Consider the following statements I. WTO was established on 1st Jan, 1995. II. It was created by Uruguay round negotiation. III. WTO has 159 members countries. Which of the statements given above are correct? |
| A. | I and II |
| B. | I and III |
| C. | II and III |
| D. | All of these |
| E. | None of these |
| Answer» C. II and III | |
| 2798. |
All of the following are useful options for the government to pursue to bolster foreign exchange reserves, except to |
| A. | impose exchange controls |
| B. | impose export controls |
| C. | adjust the exchange rate |
| D. | borrow foreign currencies |
| E. | permit a free floating exchange rate |
| Answer» F. | |
| 2799. |
Balance of trade may be surplus or favourable, when |
| A. | Exports < Imports |
| B. | Exports = imports |
| C. | FDI = Imports |
| D. | Exports > Imports |
| E. | Imports = FDI |
| Answer» E. Imports = FDI | |
| 2800. |
Which of the pillars given above is/are included in Agreement on Agriculture of the WTO? I. Domestic support II. Market access III. Export subsidies Select the correct answer using the codes given below |
| A. | Only II |
| B. | I and II |
| C. | II and III |
| D. | Only I |
| E. | All of these |
| Answer» F. | |