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.
| 1001. |
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 | |
| 1002. |
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 | |
| 1003. |
In which of the following way a customer uses or disposes of products? |
| A. | By getting rid of it temporarily |
| B. | By getting rid of it permanently |
| C. | By keeping it |
| D. | By storing it |
| E. | All of the above |
| Answer» F. | |
| 1004. |
Advertising is a form of........ Intended to persuade an audience to purchase a product of service. |
| A. | communication |
| B. | Sales |
| C. | market planning |
| D. | Both (a) and (b) |
| E. | None of these |
| Answer» B. Sales | |
| 1005. |
The personal factors of consumer behaviour include |
| A. | age |
| B. | life style |
| C. | personality |
| D. | occupation |
| E. | All of these |
| Answer» D. occupation | |
| 1006. |
The present Indian monetary system is based on? [SSC 'lax Assistant 2009] |
| A. | Gold Reserve system |
| B. | Proportional Reserve system |
| C. | Convertible Currency system |
| D. | Minimum Reserve system |
| Answer» E. | |
| 1007. |
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 | |
| 1008. |
Which of the following is not required for opening a bank account? [IBPSRO. 2012] |
| A. | Identity proof |
| B. | Address proof |
| C. | Recent photographs |
| D. | Domicile certificate |
| E. | None of these |
| Answer» E. None of these | |
| 1009. |
A Non-performing asset in Banking Business means? A fixed asset of bank that has not been utilized A portion of deposits not utilized A loan asset on which interest and / or instalments remain 'Past due' [SBI Asst. 2015] |
| A. | Only a |
| B. | Only C |
| C. | Only |
| D. | Only B & C |
| Answer» C. Only | |
| 1010. |
The five Ms of advertising are mission, money, message, media and |
| A. | marketing |
| B. | market share |
| C. | monopoly |
| D. | measurement |
| E. | None of these |
| Answer» E. None of these | |
| 1011. |
Wholesalers perform |
| A. | Selling and promoting |
| B. | warehousing |
| C. | financing |
| D. | risk bearing |
| E. | All of these |
| Answer» F. | |
| 1012. |
The process of conversion of a physical cheque into electronic form is known as? [IBPS 2014] |
| A. | Cheque Negotiation |
| B. | Cheque Endorsement |
| C. | Cheque Truncation |
| D. | Cheque Crossing |
| Answer» D. Cheque Crossing | |
| 1013. |
The earlier system of Prime Lending Rate (PLR) has now been replaced by- [IBPS, RRB 2014] |
| A. | Reverse Repo Rate system |
| B. | Repo Rate system |
| C. | Bank Rate system |
| D. | Base Rate system |
| Answer» E. | |
| 1014. |
Which is the latest distribution system? |
| A. | Telephonic distribution |
| B. | E-commerce |
| C. | |
| D. | Mobile |
| E. | All of the above |
| Answer» E. All of the above | |
| 1015. |
When a brand is placed on a product that a large manufacturer has created for a smaller retailer, it is called? [SBI Asst. 2015] |
| A. | Manufacturer's Brand |
| B. | Licensed Brand |
| C. | Co-Brand |
| D. | Private Brand |
| Answer» C. Co-Brand | |
| 1016. |
Which of the following constitute a trend? |
| A. | Name |
| B. | Term |
| C. | Symbol |
| D. | Design |
| E. | All of these |
| Answer» F. | |
| 1017. |
A ......... provides written information about the product. |
| A. | branding |
| B. | packaging |
| C. | label |
| D. | costing |
| E. | None of these |
| Answer» D. costing | |
| 1018. |
A brand can be helpful for the distributors in |
| A. | leading to large selling |
| B. | reducing the price flexibility |
| C. | reducing the cost of distribution |
| D. | Costing the selling process |
| E. | All of the above |
| Answer» F. | |
| 1019. |
Which is a type of advertising? |
| A. | Direct advertising |
| B. | Indirect action advertising |
| C. | Primary demand advertising |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 1020. |
A credit Guarantee Trust fund has been set up for guaranteeing collateral-free credit facilities by lending to small-scale industries. This fund is being managed by which of the following institutions? [SBI Clerk 2014] |
| A. | IDBI |
| B. | NABARD |
| C. | SBI |
| D. | SIDBI |
| Answer» E. | |
| 1021. |
What does the letter "S" denote in the abbreviation "SEBI" which is the name of a regulator in financial sector in India? [SBI Clerk 2012] |
| A. | Small |
| B. | State |
| C. | Special |
| D. | Statutory |
| E. | Securities |
| Answer» F. | |
| 1022. |
Technological advancement in recent times has given a new dimension to banks, mainly to which of the following aspects? [IBPS, PO 2012] |
| A. | New age financial derivatives |
| B. | Service delivery Mechanism |
| C. | Any banking |
| D. | Any type banking |
| E. | Multilevel Marketing |
| Answer» D. Any type banking | |
| 1023. |
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. | |
| 1024. |
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 | |
| 1025. |
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. | |
| 1026. |
Which of the following concepts of banking involves booking of web enabled touch point for basic banking services? [IBPSPO 2014] |
| A. | Extension Counters |
| B. | Retail Banking |
| C. | Kiosk Banking |
| D. | Mobile Banking |
| Answer» D. Mobile Banking | |
| 1027. |
Marketing channels means [SBI Clerk 2012] |
| A. | Outlets from where sales take place |
| B. | channel financing |
| C. | focusing sales on one single group |
| D. | home delivery |
| E. | Courier service |
| Answer» B. channel financing | |
| 1028. |
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. | |
| 1029. |
Which concept holds that consumer will favor those products that offer the most quality, performance or innovative features? [SBI Clerk 2014] |
| A. | Product |
| B. | Selling |
| C. | Holistic marketing |
| D. | Production |
| E. | Marketing |
| Answer» B. Selling | |
| 1030. |
According to the companies Act 2013, the minimum paid up share capital requirement for a public company to commence business in India is? [NIACL Asstt. 2015] |
| A. | 25 lakh |
| B. | 10 lakh |
| C. | 15 lakh |
| D. | 5 lakh |
| Answer» E. | |
| 1031. |
Which of the following is the principal financial institution for the promotion, financing and development of the MSME sector in India? [NIACL Assistant 2015] |
| A. | EXIM Bank |
| B. | SIDBI |
| C. | NABARD |
| D. | DICG |
| Answer» C. NABARD | |
| 1032. |
Which of the following institutions is not a regulatory authority? [NIACL Assistant 2015] |
| A. | Forward Market Commission |
| B. | Indian Bank Association |
| C. | RBI |
| D. | SEBI |
| Answer» C. RBI | |
| 1033. |
Target group means ? ISBI Clerk 2012] |
| A. | All employers |
| B. | all sales person |
| C. | intended buyers |
| D. | all industries |
| E. | Call center persons |
| Answer» D. all industries | |
| 1034. |
Which of the following is decided by the RBI? [IBPS RRB O.A. 2012] |
| A. | Interest rate on time deposits |
| B. | Rent of safe deposit vaults |
| C. | Inflation rate |
| D. | Dearness Allowance to govt employee |
| E. | Cash Reserve Ratio |
| Answer» F. | |
| 1035. |
What does the letter "C? denote in the term CBS as used in banking operations? [IBPS RRB 0, A, 2012] |
| A. | Central |
| B. | Critical |
| C. | Commercial |
| D. | Core |
| E. | Capital |
| Answer» E. Capital | |
| 1036. |
The types of packaging includes |
| A. | family packaging |
| B. | reuse packaging |
| C. | multiple packaging |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 1037. |
The Reserve Bank of India has recently raised the card limit for issuance of pre-paid payment instruments (PPI) from> 50,000 to? [NIACL AssT2015] |
| A. | 1, 50,000 |
| B. | 1, 00,000 |
| C. | 60,000 |
| D. | 75,000 |
| Answer» C. 60,000 | |
| 1038. |
What is a "Debit Card? [IBPS. PO. 2012] |
| A. | It is a card issued by a Rating Agency |
| B. | It is card which can be used for withdrawing cash or making payment even in the absence of any balance in the account |
| C. | It is a can be used for withdrawing cash or making payment if there is balance in the account |
| D. | It is a card which carries prepaid balance |
| E. | If is card which can be used for making STD call |
| Answer» D. It is a card which carries prepaid balance | |
| 1039. |
Telemarketing involves |
| A. | Selling credit cards |
| B. | Subscription of books and journals |
| C. | Membership of certain clubs |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 1040. |
When a product or brand is embedded in entertainment and media then it is known a |
| A. | Covert advertising |
| B. | guerrilla advertising |
| C. | Both (a) and (b) |
| D. | Overt advertising |
| E. | None of the above |
| Answer» D. Overt advertising | |
| 1041. |
Which of the following is the type of distributor's brand? |
| A. | Private brand |
| B. | Store brand |
| C. | Dealer brand |
| D. | House brand |
| E. | All of these |
| Answer» F. | |
| 1042. |
Which of the following type of large scale retailing sells goods of daily necessity to general public? |
| A. | Departmental store |
| B. | Multiple shop |
| C. | Super market |
| D. | Franchise |
| E. | None of these |
| Answer» D. Franchise | |
| 1043. |
Which one of the following is not a quantitative credit control techniques? [SSC, CPO S I 2008] |
| A. | Bank rate |
| B. | Cash Reserve Ratio |
| C. | Statutory Liquidity Ratio |
| D. | Increase of interest rate on saving deposit |
| Answer» E. | |
| 1044. |
.........advertising aims to stimulate repeat purchase of products and services like expensive four colour Coca-Cola ads in magazines. |
| A. | Reinforcement |
| B. | Persuasive |
| C. | Reminder |
| D. | Informative |
| E. | None of these |
| Answer» D. Informative | |
| 1045. |
Interest on saving bank account is now calculated by banks on ? [IBPS PO 2011] |
| A. | Minimum balance during the month |
| B. | Minimum balance from 7th to last day of the month |
| C. | Minimum balance from 10th to last day of the month |
| D. | Maximum balance during the month |
| E. | Daily product basis |
| Answer» D. Maximum balance during the month | |
| 1046. |
Which of the following is not a function of the RBI? [IBPSRO. 2012] |
| A. | Fiscal policy functions |
| B. | Exchange control functions |
| C. | Issuance, Exchange and destruction of currency notes |
| D. | Monetary Authority functions |
| E. | Supervisory and control functions |
| Answer» B. Exchange control functions | |
| 1047. |
The social factor of the bank customer includes |
| A. | Social class and caste class |
| B. | motivation |
| C. | beliefs |
| D. | attitude |
| E. | All of the above |
| Answer» B. motivation | |
| 1048. |
A banknote of -which a portion is missing or which is composed of more than two pieces is known as? [IBPSRRB2014] |
| A. | A multilated banknote |
| B. | A counterfeit banknote |
| C. | A soiled banknote |
| D. | A damaged banknote |
| Answer» B. A counterfeit banknote | |
| 1049. |
Banks generally insist account holders to nominate persons to whom the money lying in their accounts should go in the event of? [IBPSPO 2014] |
| A. | Death of account holder |
| B. | Illness of account holder |
| C. | Account holder migrates |
| D. | Account holder turns bankrupt |
| Answer» B. Illness of account holder | |
| 1050. |
Fixed deposits and recurring deposits are? [IBPSRO. 2011] |
| A. | Repayable after an agreed period |
| B. | Repayable on demand |
| C. | Not repayable |
| D. | Repayable after death of depositors |
| E. | Repayable on demand or after an agreed period as per banks choices |
| Answer» B. Repayable on demand | |