McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
| 101. |
In banking sector, KYC stands for |
| A. | kid and young customers |
| B. | know youth creditors |
| C. | know your customers |
| D. | know your cash requirements. |
| Answer» C. know your customers | |
| 102. |
The process of replacing physical cheque with electronic cheque is.......... |
| A. | demat |
| B. | remat |
| C. | truncation |
| D. | securitisation |
| Answer» C. truncation | |
| 103. |
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFASIA) came into effect on............. |
| A. | jan 2002 |
| B. | june 2002 |
| C. | may 2000 |
| D. | april 2001 |
| Answer» B. june 2002 | |
| 104. |
Commission recommended for the formation of RBI is |
| A. | narasimham commission |
| B. | tandem commission |
| C. | hil ton young commission |
| D. | none of these. |
| Answer» C. hil ton young commission | |
| 105. |
Dues made by debtors are............... |
| A. | npa |
| B. | nps |
| C. | crr |
| D. | plr |
| Answer» A. npa | |
| 106. |
---------- represents the rate at which the central bank absorbs liquidity from the banks |
| A. | repo |
| B. | crr |
| C. | plr |
| D. | reverse repo |
| Answer» D. reverse repo | |
| 107. |
The first foreign bank which introduced merchant bank in India is |
| A. | grindlays bank |
| B. | hsbc |
| C. | city bank |
| D. | ceylon bank |
| Answer» A. grindlays bank | |
| 108. |
The first Indian public sector bank which introduced its own merchant bank division in India |
| A. | canara bank |
| B. | pnb |
| C. | sbi |
| D. | syndicate bank |
| Answer» C. sbi | |
| 109. |
Which of the following is quantitative measure of credit control of RBI |
| A. | direct action |
| B. | moral suasion |
| C. | open market operation |
| D. | margin requirement |
| Answer» C. open market operation | |
| 110. |
Banking Regulation Act passed in the year |
| A. | 1969 |
| B. | 1934 |
| C. | 1949 |
| D. | 1956 |
| Answer» C. 1949 | |
| 111. |
The first development bank in India is |
| A. | idbi |
| B. | ifci |
| C. | icici |
| D. | sidbi |
| Answer» B. ifci | |
| 112. |
ICICI was established in the year |
| A. | 1980 |
| B. | 1948 |
| C. | 1955 |
| D. | 1964 |
| Answer» C. 1955 | |
| 113. |
SIDBI was established as a wholly owned subsidiary of.......... |
| A. | ifci |
| B. | sfc |
| C. | idbi |
| D. | rbi |
| Answer» C. idbi | |
| 114. |
The apex development bank in India is |
| A. | ifci |
| B. | idbi |
| C. | sidbi |
| D. | rbi |
| Answer» B. idbi | |
| 115. |
The apex financial institution in India is |
| A. | ifci |
| B. | idbi |
| C. | nabard |
| D. | rbi |
| Answer» D. rbi | |
| 116. |
ATM stands for........... |
| A. | any time money |
| B. | automatic teller machine |
| C. | automated teller machine |
| D. | automatic transfer money |
| Answer» C. automated teller machine | |
| 117. |
Central Land Mortgage Bank was started in Madras in |
| A. | 1920 |
| B. | 1921 |
| C. | 1922 |
| D. | 1929 |
| Answer» D. 1929 | |
| 118. |
Central Co-operative banks are organised at........... level |
| A. | taluk |
| B. | district |
| C. | state |
| D. | national |
| Answer» B. district | |
| 119. |
Head quarters of RBI is |
| A. | new delhi |
| B. | mumbai |
| C. | calcutta |
| D. | nasik |
| Answer» B. mumbai | |
| 120. |
Head quarters of NABARD is |
| A. | new delhi |
| B. | mumbai |
| C. | calcutta |
| D. | nasik |
| Answer» B. mumbai | |
| 121. |
Area of operation of RRB comprises of |
| A. | one or more district |
| B. | a state |
| C. | two or more states |
| D. | taluk |
| Answer» A. one or more district | |
| 122. |
Chairman of NABARD is appointed by |
| A. | upsc |
| B. | ssc |
| C. | rbi |
| D. | central govt. |
| Answer» D. central govt. | |
| 123. |
LAB stands for...... |
| A. | lead area bank |
| B. | local area bank |
| C. | lending and borrowing |
| D. | leading and banking |
| Answer» B. local area bank | |
| 124. |
Largest bank in the world (asset wise) is....... |
| A. | bnp paribus |
| B. | sbi |
| C. | german bank |
| D. | british bank of middle east |
| Answer» A. bnp paribus | |
| 125. |
Largest bank in the world in branches is....... |
| A. | bnp paribus |
| B. | sbi |
| C. | german bank |
| D. | hsbc |
| Answer» B. sbi | |
| 126. |
The present Governor of RBI is |
| A. | bimal jalan |
| B. | subba rao |
| C. | raghuram rajan |
| D. | rangarajan |
| Answer» C. raghuram rajan | |
| 127. |
Industrial Reconstruction Bank of India(IRBI) was established in the year |
| A. | 1961 |
| B. | 1960 |
| C. | 1985 |
| D. | 1975 |
| Answer» C. 1985 | |
| 128. |
............ is “Pay later product” |
| A. | debit card |
| B. | atm card |
| C. | credit card |
| D. | both a&b |
| Answer» C. credit card | |
| 129. |
............ is “Pay now product” |
| A. | debit card |
| B. | atm card |
| C. | credit card |
| D. | charge card |
| Answer» A. debit card | |
| 130. |
Banking Ombudsman was established in........... |
| A. | 1993 |
| B. | 1997 |
| C. | 1995 |
| D. | 1987 |
| Answer» C. 1995 | |
| 131. |
Another name of credit card is....... |
| A. | debit card |
| B. | money card |
| C. | plastic money |
| D. | card money |
| Answer» C. plastic money | |
| 132. |
Credit card was first time launched in the world by.......... |
| A. | british bank |
| B. | bank of america |
| C. | hsbc |
| D. | sbi |
| Answer» B. bank of america | |
| 133. |
“Either of Survivor” account in a bank is............account |
| A. | minors account |
| B. | joint account |
| C. | saving account |
| D. | double account |
| Answer» B. joint account | |
| 134. |
In banking, EFT stands for...... |
| A. | economic fund transfer |
| B. | electronic fund transfer |
| C. | economic and financial transaction |
| D. | entries of fund transfer |
| Answer» B. electronic fund transfer | |
| 135. |
RTGS stands for......... |
| A. | rural transactions of government services |
| B. | real time gross settlement |
| C. | recurring and term gross savings |
| D. | real time government service |
| Answer» B. real time gross settlement | |
| 136. |
A Head quarter of SIDBI is.......... |
| A. | new delhi |
| B. | mumbai |
| C. | calcutta |
| D. | lucknow |
| Answer» D. lucknow | |
| 137. |
The first new generation bank starts its operation in India |
| A. | icici |
| B. | hdfc |
| C. | axis bank |
| D. | centurion |
| Answer» A. icici | |
| 138. |
The first new private sector bank is............... |
| A. | hdfc bank |
| B. | icici bank |
| C. | centurion bank |
| D. | uti bank |
| Answer» D. uti bank | |
| 139. |
Money lenders in Kerala come under purview of........ |
| A. | banking regulation act |
| B. | indian companies act |
| C. | kerala banking regulation act |
| D. | kerala money lenders act |
| Answer» D. kerala money lenders act | |
| 140. |
Imperial bank of India was established by amalgamation of .......... presidency banks |
| A. | 3 |
| B. | 5 |
| C. | 7 |
| D. | 10 |
| Answer» A. 3 | |
| 141. |
Custodian of National Rural Credit Stabilisation Fund |
| A. | rbi |
| B. | sbi |
| C. | nabard |
| D. | arbi |
| Answer» C. nabard | |
| 142. |
Number of public sector Banks in India |
| A. | 14 |
| B. | 20 |
| C. | 21 |
| D. | 28 |
| Answer» D. 28 | |
| 143. |
A mutilated cheque will be ----------- |
| A. | crossed |
| B. | endorsed |
| C. | marked |
| D. | torn |
| Answer» D. torn | |
| 144. |
FDR stands for.......... |
| A. | fiduciary deposit reserve |
| B. | fixed deposit receipt |
| C. | fixed depreciation rate |
| D. | fixed deposit rate |
| Answer» B. fixed deposit receipt | |
| 145. |
The chairman of 13th Finance commission is |
| A. | a m khushro |
| B. | c rangarajan |
| C. | vijay kelkar |
| D. | bimal jalan |
| Answer» C. vijay kelkar | |
| 146. |
The first bank in the world |
| A. | bank of america |
| B. | federal reserve bank |
| C. | bank of venice |
| D. | bank of hindustan |
| Answer» C. bank of venice | |
| 147. |
The first bank in India |
| A. | allahabad bank |
| B. | punjab national bank |
| C. | nedungadi bank |
| D. | bank of hindustan |
| Answer» D. bank of hindustan | |
| 148. |
First purely Indian bank is |
| A. | allahabad bank |
| B. | punjab national bank |
| C. | nedungadi bank |
| D. | bank of hindustan |
| Answer» B. punjab national bank | |
| 149. |
The first bank in Kerala |
| A. | federal bank |
| B. | south malabar gramin bank |
| C. | north malabar gramin bank |
| D. | nedungadi bank |
| Answer» D. nedungadi bank | |
| 150. |
The first international credit card was introduced in India by |
| A. | sbi |
| B. | canara bank |
| C. | andhra bank |
| D. | bank of baroda |
| Answer» C. andhra bank | |
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