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.
| 1301. |
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 | |
| 1302. |
.........is selling final consumer products to householders. |
| A. | Retailing |
| B. | Financing |
| C. | Storing |
| D. | Producing |
| E. | Planning |
| Answer» B. Financing | |
| 1303. |
The personal consumer of a bank is |
| A. | Mr. Shyam |
| B. | a firm |
| C. | a corporate body |
| D. | a person who is a servant of bank |
| E. | None of the above |
| Answer» B. a firm | |
| 1304. |
In which of the following trade a small amount of capital is required? |
| A. | Wholesale |
| B. | Retail |
| C. | Franchise |
| D. | All of these |
| E. | None of these |
| Answer» C. Franchise | |
| 1305. |
When an account does not have sufficient balance to honour the cheque issued by the account holder, the cheque is returned by the bank, which is known as? |
| A. | Cheque discounting |
| B. | Cheque truncation |
| C. | Cheque kiting |
| D. | Bouncing of cheque |
| Answer» E. | |
| 1306. |
The fair practice code for credit card operations in the banking industry has been evolved by? |
| A. | Indian Bank's Association (IBA) |
| B. | RBI |
| C. | Banking Codes and Standards Board of India (BCSBI) |
| D. | Banking Ombudsman |
| Answer» D. Banking Ombudsman | |
| 1307. |
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 | |
| 1308. |
Legal Tender Money" refers to? [SSC SJ. 2005] |
| A. | Cheques |
| B. | Drafts |
| C. | Bill of exchange |
| D. | Currency notes |
| Answer» E. | |
| 1309. |
The process that has to be undertaken by banks and other financial institutions to prevent them from being used by criminal elements for money laundering is? [IBPS 2014] |
| A. | Credit monitoring process |
| B. | Credit Rating process |
| C. | KYC process |
| D. | Credit Appraisal process |
| Answer» B. Credit Rating process | |
| 1310. |
Based on the recovery of the dues, banks are required to classify Non-Performing Assets (NPAs) in the books of the bank under the categories? [IBPSPO 2014] |
| A. | Substandard, Doubtful and Bad Debts |
| B. | Substandard, Doubtful and Loss Assets |
| C. | Standard, Doubtful and Loss Assets |
| D. | None of these |
| Answer» C. Standard, Doubtful and Loss Assets | |
| 1311. |
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 | |
| 1312. |
The objectives of packaging are |
| A. | Identify the brand |
| B. | Aid product consumption |
| C. | Assist at-home storage |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 1313. |
Advertisements are required for [PNB PO 2009] |
| A. | boosting the production levels |
| B. | motivating the employees |
| C. | boosting the sales |
| D. | All of the above |
| E. | None of the above |
| Answer» D. All of the above | |
| 1314. |
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 | |
| 1315. |
Which is the type of distribution channel in a bank? |
| A. | Head office of Bank?Branch?Customer |
| B. | Bank ? DSA?Customer |
| C. | Bank ? Customer |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 1316. |
Which is the channel of direct distribution? |
| A. | Own sales showrooms |
| B. | Own salesmen |
| C. | Own sales shops |
| D. | Mail order |
| E. | All of the above |
| Answer» F. | |
| 1317. |
What is money laundering? [BSF RRB Officer 2012] |
| A. | Conversion of assets into cash |
| B. | Conversion of illegally obtained money into accountable money |
| C. | Conversion of cash into gold |
| D. | Conversion of gold into cash |
| E. | None of these |
| Answer» C. Conversion of cash into gold | |
| 1318. |
Who is the regulatory authority for insurance business in India? |
| A. | RBI |
| B. | IRDP |
| C. | SEBI |
| D. | NABARD |
| E. | IRDA |
| Answer» F. | |
| 1319. |
What is meant by financial inclusion? [IBPS RRB Officer 2012] |
| A. | Making available banking services at an affordable cost |
| B. | Opening saving accounts in rural areas without any deposit |
| C. | Opening any type of account -without introduction |
| D. | Distributing money through rural branches |
| E. | Distributing wages through bank accounts |
| Answer» D. Distributing money through rural branches | |
| 1320. |
A company's ability to perform in or more ways that competitors cannot or will not match is known as its [SBI Ass. Clerk 2012] |
| A. | Attribute competition |
| B. | Attribute positioning |
| C. | Brand image |
| D. | Competitive advantage |
| E. | Brand positioning |
| Answer» E. Brand positioning | |
| 1321. |
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 | |
| 1322. |
The collective perceptions and impressions people have formed about an organization, its product and or its services, is known as its. |
| A. | Brand value |
| B. | Brand Alert |
| C. | Brand Architecture |
| D. | Brand image |
| E. | Brand Attribute |
| Answer» E. Brand Attribute | |
| 1323. |
The facility to help insurance policyholders buy and keep policies in electronic form rather than as a paper document is called? |
| A. | Insurance Warehousing |
| B. | Insurance Cache |
| C. | Insurance Depository |
| D. | Insurance Repository |
| Answer» E. | |
| 1324. |
Which is factor of Pricing? |
| A. | Cash discount and allowances |
| B. | Period of Credit |
| C. | Condition of period |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 1325. |
Which is the branding of Bank? |
| A. | Fixed deposits or term deposits |
| B. | Mutual Fund |
| C. | Personal Loan |
| D. | All of these |
| E. | None of these |
| Answer» E. None of these | |
| 1326. |
................ Brands usually require a producer to become involved in distribution. Promotion and Pricing decisions. |
| A. | Wholesaler |
| B. | Retailer |
| C. | Manufacturer |
| D. | Own label |
| E. | All of these |
| Answer» D. Own label | |
| 1327. |
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 | |
| 1328. |
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. | |
| 1329. |
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 | |
| 1330. |
The alphabet 'E' in the abbreviation NRE Account stands for- - |
| A. | Executive |
| B. | Employee |
| C. | External |
| D. | Equated |
| Answer» D. Equated | |
| 1331. |
Credit/Debit Card payments made without actually swiping the Credit/Debit card but by using details on the card are known as? |
| A. | Over the counter payment (UTCP) Transaction |
| B. | Physical/Cash Transaction |
| C. | ATM Transaction |
| D. | DOS transaction |
| Answer» E. | |
| 1332. |
Cheap money means? [SSC CPO 2010] |
| A. | Low rate of Interest |
| B. | Low level of savings |
| C. | Low level of Income |
| D. | Excess of black money |
| Answer» B. Low level of savings | |
| 1333. |
Who is authorized to issue coins in India? [SSCCGL 2011] |
| A. | RBI |
| B. | Ministry of Finance |
| C. | SBI |
| D. | IOB |
| Answer» C. SBI | |
| 1334. |
The existence of a parallel economy of Black money? [SSC'SAS 2010] |
| A. | Makes the economy more competitive |
| B. | Makes the monetary policies less effective |
| C. | Ensure a better distribution on income and wealth |
| D. | Ensure increasing productive investment |
| Answer» C. Ensure a better distribution on income and wealth | |
| 1335. |
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 | |
| 1336. |
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. | |
| 1337. |
Which is the type of family as per purchase decision-maker? |
| A. | Wife-dominated family |
| B. | Husband-dominated family |
| C. | Syncretic family |
| D. | Autonomic family |
| E. | All of the above |
| Answer» E. All of the above | |
| 1338. |
The steps in scientific advertising campaign includes |
| A. | decision to advertise |
| B. | marketing research |
| C. | determining advertising budget |
| D. | determining advertising objective |
| E. | All of the above |
| Answer» F. | |
| 1339. |
What is the statutory liquidity Ratio (SIR) at present? [SBI Clerk 2012] |
| A. | 20% |
| B. | 22% |
| C. | 25% |
| D. | 24% |
| E. | None of these |
| Answer» D. 24% | |
| 1340. |
. Which of the following organizations / agencies controls the monetary policy of our country? (NABARD PO 2010) |
| A. | SBI |
| B. | Central Bank of India |
| C. | Indian Bank |
| D. | RBI |
| Answer» E. | |
| 1341. |
Which of the following is the name of the organization created specifically to develop small scale industrial sector in our country? (NABARD PO 2010) |
| A. | NABARD |
| B. | SEBI |
| C. | SIDBI |
| D. | AMFI |
| Answer» D. AMFI | |
| 1342. |
The internal rate of return? [SSC LDC 2014] |
| A. | Must be less than the interest rate if the firm is to invest |
| B. | Makes the present value of profits equal to the present value of costs |
| C. | Falls as the annual yield of an investment rises |
| D. | Is equal to the market interest rate for all the firm?s investment |
| Answer» B. Makes the present value of profits equal to the present value of costs | |
| 1343. |
The number of Nationalized Banks in India are? [SSC LDC 2014] |
| A. | 14 |
| B. | 21 |
| C. | 20 |
| D. | 22 |
| Answer» D. 22 | |
| 1344. |
The fourteen major banks in India were nationalized in the year |
| A. | 1967 |
| B. | 1968 |
| C. | 1969 |
| D. | 1971 |
| Answer» D. 1971 | |
| 1345. |
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. | |
| 1346. |
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. | |
| 1347. |
The function of advertising involves |
| A. | to introduce new products |
| B. | to explain causes of shortages |
| C. | to aid salesmen |
| D. | All of the above |
| E. | None of the above |
| Answer» F. | |
| 1348. |
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 | |
| 1349. |
The sensitive index of NSE is popularly known as |
| A. | SENSEX |
| B. | CRIS |
| C. | CSE |
| D. | MCX |
| E. | NIFTY |
| Answer» F. | |
| 1350. |
Which of the following is not a financial institute/agency? |
| A. | IRDA |
| B. | BCCI |
| C. | FPSB |
| D. | SEBI |
| E. | CAG [SBI Clerk 2012] |
| Answer» C. FPSB | |