MCQOPTIONS
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MCQOPTIONS
This section includes 1588 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.
| 51. |
Which of the following is one of the major functions of National Bank for Agriculture and Rural Development (NABARD? [SBI Clerk 2012] |
| A. | Provide loans to state govt for developing rural infrastructure |
| B. | Preparing Monetary and credit policy of India |
| C. | Deciding Bank rate |
| D. | Providing credit to small industrial units |
| E. | Monitoring and controlling functions of the stock exchanges in India |
| Answer» B. Preparing Monetary and credit policy of India | |
| 52. |
Delivery channel means? [SBI Clerk 2014] |
| A. | Service centers |
| B. | Other than those given as options |
| C. | Handing over the products to the buyers |
| D. | Product manufacturing |
| E. | Places where products are available to the buyers |
| Answer» F. | |
| 53. |
Which of the following institutions is a credit information company? [IBPS 2014] |
| A. | ARCIL |
| B. | CRISIL |
| C. | CIBIL |
| D. | ICRA |
| Answer» D. ICRA | |
| 54. |
With introduction of ATMs, telebanking and internet banking, banking hours is not a constraint for transacting banking business, which is known as? [IBPS 2014] |
| A. | Universal Banking |
| B. | Worldwide Banking |
| C. | Anywhere Banking |
| D. | Global Banking |
| Answer» D. Global Banking | |
| 55. |
RBI has recently issued draft policy guidelines for differentiated Banks licenses which are? [IBPS, 2013] |
| A. | Exclusively for foreign banks |
| B. | Aimed at the cooperative sector |
| C. | Aimed at furthering financial inclusion |
| D. | Other than those given as option |
| Answer» D. Other than those given as option | |
| 56. |
Which one of the following is not a function of the central bank in an economy? [SSC CPO 2011] |
| A. | Dealing with foreign exchange |
| B. | Controlling monetary policy |
| C. | Controlling government spending |
| D. | Acting as a banker's bank |
| Answer» D. Acting as a banker's bank | |
| 57. |
Who is authorized to issue coins in India? [SSCCGL 2011] |
| A. | RBI |
| B. | Ministry of Finance |
| C. | SBI |
| D. | IOB |
| Answer» C. SBI | |
| 58. |
State Bank of India is the sole authority to issue and manage currency in India. [IBPS RO. 2011] |
| A. | A nationalized bank is the sole authority to issue and manage currency in India |
| B. | A nationalization bank is the sole authorized tom issues and manage currency in India |
| C. | A Co-operative bank is the sole authority to issue and manage currency in India |
| D. | RBI is the sole authority to issue and manage currency in India |
| E. | None of these |
| Answer» E. None of these | |
| 59. |
Accounts are allowed to be operated by cheques in respect of? [IBPS RO. 2011] |
| A. | Both savings bank accounts and fixed deposit accounts |
| B. | Saving bank accounts and current accounts |
| C. | Both saving bank accounts and loan accounts |
| D. | Both saving bank accounts and cash accounts only |
| E. | Both current accounts and fixed deposits accounts |
| Answer» C. Both saving bank accounts and loan accounts | |
| 60. |
Marketing channel for banks are? [BOB RO. 2010] |
| A. | Bank branches and ATMs |
| B. | Bank Branches and back-offices setup |
| C. | ATMs and back office set ups |
| D. | Only (a) and (b) |
| E. | Only (a) and (c) |
| Answer» B. Bank Branches and back-offices setup | |
| 61. |
Face value of a government security is the amount that is to be paid to an investor at the maturity date of the security. The face value is not the same as the? [IBPS 2014] |
| A. | Par value |
| B. | Market price |
| C. | Redemption value |
| D. | Principal value |
| Answer» C. Redemption value | |
| 62. |
Buyer resistance means? [BOB EO. 2011] |
| A. | Buyer interest in the product being sold |
| B. | Buyer fighting with the seller |
| C. | Buyer's hesitation in buying the product |
| D. | Buyer becoming a seller |
| E. | Buyer buying the product |
| Answer» D. Buyer becoming a seller | |
| 63. |
Which of the following best describes the term, negative demand? [SBI Associate Clerk 2012] |
| A. | Consumers begin to buy a product less frequently |
| B. | Consumers don?t buy a product at all |
| C. | Consumers are unaware or uninterested in product |
| D. | Consumers purchases vary on a seasonal basis |
| E. | Consumers dislike a product and may even pay to avoid it |
| Answer» F. | |
| 64. |
Consumer analysis deals with? [BOB P.O. 2010] |
| A. | Knowledge level of sales persons |
| B. | Knowledge level of employees |
| C. | Nature of the buying decision |
| D. | Corporate objectives |
| E. | Only (a) and (b) |
| Answer» D. Corporate objectives | |
| 65. |
Which of the following is a retail banking product? [IBPS P.O. 2012] |
| A. | Home loans |
| B. | Working capital finance |
| C. | Corporate term loans |
| D. | Infrastructure financing |
| E. | Export credit |
| Answer» B. Working capital finance | |
| 66. |
The term "Smart Money" refers to ? [IBPS P.O. 2012] |
| A. | Foreign currency |
| B. | Internet banking |
| C. | US Dollars |
| D. | Travelers cheques |
| E. | Credit cards |
| Answer» F. | |
| 67. |
Finance ministry has asked the RBI to allow common ATMs that will be owned and managed by non-banking entities, hoping to cut transaction Costs for banks. Such ATMs are known as ? [IBPS P.O. 2012] |
| A. | Black Label ATMs |
| B. | Offsite ATMs |
| C. | On-site ATM's or Red ATMs |
| D. | Third party ATMs |
| E. | White Label ATMs |
| Answer» F. | |
| 68. |
By increasing repo rate, the economy may observe the following effects ? [IBPS PO. 2012] |
| A. | Rate of interests on loans and advances will be costlier |
| B. | Industrial output would be affected to an extent |
| C. | Banks will increase rate of interest on deposits |
| D. | Industry houses may borrow money from foreign countries |
| E. | All of these |
| Answer» F. | |
| 69. |
An ECS transaction gets bounced and you are unable to recover you money from your customer under which act can criminal action be initiated? [IBPSE0.2012] |
| A. | Indian penal code |
| B. | Negotiable instrument act |
| C. | Criminal procedure |
| D. | Payment and settlement act |
| E. | Indian contract act |
| Answer» C. Criminal procedure | |
| 70. |
Telemarketing involves [SBI Clerk 2009] |
| A. | good communication skills |
| B. | High level of motivation |
| C. | door to door campaigns |
| D. | event management |
| E. | All of the above |
| Answer» B. High level of motivation | |
| 71. |
Which of the following services is provided only by the RBI? [IBPSRRB O.A. 2012] |
| A. | Compilation of economic data |
| B. | Issue of currency notes |
| C. | Purchase and sale of gold/gold coins |
| D. | Sale of Demand Drafts |
| E. | Safe deposit lockers for keeping valuables |
| Answer» C. Purchase and sale of gold/gold coins | |
| 72. |
The erstwhile UTI Bank is presently known as ? [IBPS RRB Of officer 2012] |
| A. | ING Vysya Bank |
| B. | Yes Bank |
| C. | Indusland Bank |
| D. | Axis Bank |
| E. | IDBI Bank |
| Answer» E. IDBI Bank | |
| 73. |
What is the full form of the term FDI? [IBPS RRB O.A. 2012] |
| A. | Foreign Direct investment |
| B. | Foreign diverse investment |
| C. | Fixed deposit investment |
| D. | Floating deposit investment |
| E. | Financial derivatives in India |
| Answer» B. Foreign diverse investment | |
| 74. |
Banks today are focusing more on Retail Banking, which offers opportunities to banks to [IBPS 2014] |
| A. | Invest in Capital markets |
| B. | Consider large ticket term loans |
| C. | Set up joint ventures |
| D. | Cross-set other retail loan products |
| Answer» E. | |
| 75. |
National Institute of Bank Management is the Institution meant for? [SBI Clerk 2014] |
| A. | Providing management personnel to the banks |
| B. | Training of bank employees in banking |
| C. | Providing consultancy of best practices in bank management |
| D. | All those given as option |
| Answer» C. Providing consultancy of best practices in bank management | |
| 76. |
Which of the following agencies/organizations has recently decided that all the stock exchanges should introduce physical settlement of equity derivatives? [SBIP.O. 2010] |
| A. | RBI |
| B. | BSE |
| C. | SEBI |
| D. | All of these |
| Answer» D. All of these | |
| 77. |
Bank rate is the rate at which? [SSC Tax Assistant 2005] |
| A. | A commercial bank borrows loans from some other commercial bank |
| B. | The central bank borrows loans from the government |
| C. | The commercial bank gives loans to the public |
| D. | The central bank re-discounts the commercial bills brought |
| Answer» E. | |
| 78. |
Liquidity preference means? [SSC CGL 2004] |
| A. | Desire of the public to hold cash |
| B. | Showing preferences to hold capital assets |
| C. | Showing preferences to hold bonds and securities |
| D. | Refraining from consumption |
| Answer» C. Showing preferences to hold bonds and securities | |
| 79. |
102 When central bank buys securities/ bank reserves? [SSC CGL 2014] |
| A. | Contracts |
| B. | Remains the same |
| C. | Has no impact on the reserves |
| D. | Expands |
| Answer» B. Remains the same | |
| 80. |
Among the tax revenues of the union government the most important source is? [SSC cup 2012] |
| A. | Income Tax |
| B. | Union excise duties |
| C. | Corporation tax |
| D. | Custom Duty |
| Answer» C. Corporation tax | |
| 81. |
If the tax rate increases with the higher level of income it shall be called [SSC S.O. 2006] |
| A. | Proportional tax |
| B. | Progressive tax |
| C. | Lump sum tax |
| D. | Regressive tax |
| Answer» C. Lump sum tax | |
| 82. |
Which of the following taxes are levied and collected by the center but their net proceeds are wholly transferred to states? [SSC " SAS 2010] |
| A. | Expenditure Tax and Gift tax |
| B. | Taxes, or Advertisement |
| C. | Stamps and Registration |
| D. | Additional duties of excise in lieu of Sales tax |
| Answer» C. Stamps and Registration | |
| 83. |
Which of the following is not a function of banks? (Syndicate Bank PO 2010) |
| A. | Providing project finance |
| B. | Selling Mutual Funds |
| C. | Deciding policy rates likes CRR, Repo Rate, and SLR etc. |
| D. | All of these are functions of a bank |
| Answer» D. All of these are functions of a bank | |
| 84. |
The rate on which banks borrow from the RBI is called- (PdS Bank PC'A,2012] |
| A. | SLR |
| B. | CRR |
| C. | Bank Rate |
| D. | Repo Rate |
| Answer» E. | |
| 85. |
In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction? [IBPS P.O. 2012] |
| A. | RTGS |
| B. | NEFT |
| C. | TT |
| D. | EFT |
| E. | MT |
| Answer» B. NEFT | |
| 86. |
Banking ombudsman scheme is applicable to the business of ? [IBJOP.O.22012] |
| A. | All scheduled commercial banks excluding RRBs |
| B. | All scheduled commercial banks including RRBs |
| C. | Only public sector banks |
| D. | All banking companies |
| E. | All scheduled banks except private banks |
| Answer» C. Only public sector banks | |
| 87. |
Which of the following is not a public sector bank? [SBI Associate Clerk 2012] |
| A. | Corporation Bank |
| B. | United Bank of India |
| C. | Vijaya Bank |
| D. | Bank of Maharashtra |
| E. | Federal Bank |
| Answer» F. | |
| 88. |
It is mandatory to quote which of the following identification number on all large-value financial transaction? [SBI Associate Clerk 2012] |
| A. | PAN |
| B. | Voter ID |
| C. | PIN |
| D. | Ration card number |
| E. | Phone number |
| Answer» B. Voter ID | |
| 89. |
The term "ATM" stands for ? [SBI Associate Clerk 2012] |
| A. | Alternate to Money |
| B. | Automated Transaction Machine |
| C. | Automated Toller Mechanism |
| D. | Automatic Teller Mode |
| E. | Automated Teller Machine |
| Answer» F. | |
| 90. |
Which of the following is one of the main functions of the Reserve Bank of India? [SBI Clerk 2014] |
| A. | Regulation of the Stock Markets |
| B. | Regulation of Life Insurance |
| C. | Regulation of General Insurance |
| D. | Banker's Bank |
| Answer» E. | |
| 91. |
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. | IRDA |
| C. | SBI |
| D. | RBI |
| Answer» E. | |
| 92. |
In international Banking terms, 'appreciation' of rupee means? [SBI Asst. Clerk 2015] |
| A. | Excess of exports over imports |
| B. | Purchasing power of rupee has come down |
| C. | Excess of imports over exports |
| D. | Availability of more foreign currency vis-a-vis rupee |
| Answer» E. | |
| 93. |
Liquidity is injected by the RBI in the economy through which of the following mechanisms? [SBI Clerk 2014] |
| A. | Change in Bank Rate |
| B. | REPO |
| C. | Increase in SLR |
| D. | Increase in CRR |
| Answer» C. Increase in SLR | |
| 94. |
Abound issued at a price less than its face value and payable on its due date at its face value bearing no ROI (Rate Of Interest) is called? [SBI Clerk 2014] |
| A. | Preference Bond |
| B. | Zero Coupon Bond |
| C. | Convertible Bond |
| D. | Perpetual Bond |
| Answer» C. Convertible Bond | |
| 95. |
A Bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances, is known as? [IBPS 2013] |
| A. | Universal Banking |
| B. | Indirect Bank |
| C. | Door Step Bank |
| D. | Direct Bank |
| Answer» E. | |
| 96. |
A type of fraud where in criminals use an innocent person's details to open or use an account to carry out financial transactions, is known as [IBPS2013] |
| A. | Hacking |
| B. | Money laundering |
| C. | Espionage |
| D. | Phishing |
| Answer» E. | |
| 97. |
Capital Market in India is controlled by which of the following? [SBI Asst. Clerk 2015] |
| A. | MRTP |
| B. | SEBI |
| C. | RBI |
| D. | IRDA |
| Answer» C. RBI | |
| 98. |
Scheduled Banks have to be registered with? [ISO CPO S 7 2006] |
| A. | SEBI |
| B. | RBI |
| C. | Finance Ministry |
| D. | SBI |
| Answer» C. Finance Ministry | |
| 99. |
In India one rupee coins and notes and subsidiary coins are issued by? [SSC S.O. 2006] |
| A. | RBI |
| B. | The central government |
| C. | SBI |
| D. | VIT |
| Answer» C. SBI | |
| 100. |
With reference to a cheque, which of the following is the "drawer bank"? [IBPS P.O. 2012] |
| A. | The bank that collects the cheque |
| B. | The payee's bank |
| C. | The endorsee's bank |
| D. | The endorser's bank |
| E. | The bank upon which the cheque is drawn |
| Answer» B. The payee's bank | |