McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 1. |
We should keep our savings with banks because |
| A. | It is safe |
| B. | Earns interest |
| C. | Can be withdrawn anytime |
| D. | All of above |
| Answer» D. All of above | |
| 2. |
Bank does not give loan against |
| A. | Gold Ornaments b |
| B. | LIC policy |
| C. | Lottery ticket |
| D. | NSC |
| Answer» C. Lottery ticket | |
| 3. |
Bank having maximum number of branches in India |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | Punjab National Bank |
| D. | Bank of Baroda |
| Answer» B. State Bank of India | |
| 4. |
100/- Rupee note is signed by |
| A. | Prime Minister |
| B. | Finance Minister |
| C. | RBI Governor |
| D. | None of above |
| Answer» C. RBI Governor | |
| 5. |
ATM password should be kept in |
| A. | Personal diary |
| B. | Office diary |
| C. | Memory |
| D. | All of above |
| Answer» C. Memory | |
| 6. |
Industrial Finance Corporation of India, is a Non-Banking Finance Company |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» A. True | |
| 7. |
Nomination can be done in |
| A. | Savings Bank account |
| B. | Recurring Deposit account |
| C. | Fixed Deposit account |
| D. | All of above |
| Answer» D. All of above | |
| 8. |
Who is the present Governor of RBI? |
| A. | K.C. Chakrabarty |
| B. | D K Mittal |
| C. | Raghuram Rajan |
| D. | Monte k Singh Ahluwalia |
| Answer» C. Raghuram Rajan | |
| 9. |
Regional Rural Banks (RRBs) were established by Regional Rural Banks Act in |
| A. | 1976 |
| B. | 1970 |
| C. | 1971 |
| D. | 1973 |
| Answer» A. 1976 | |
| 10. |
Bank does not provide loans for |
| A. | Crop loans |
| B. | Education loans |
| C. | Home loans |
| D. | Drinking & Gambling |
| Answer» D. Drinking & Gambling | |
| 11. |
KYC means |
| A. | Know your customer |
| B. | Know your character |
| C. | Both of above |
| D. | None of above |
| Answer» A. Know your customer | |
| 12. |
IDBI is the abbreviation of …… |
| A. | Industrial Development Bank of India |
| B. | Industrial Bank of India |
| C. | Industrial Development Bank |
| D. | Indian Development Bank of India |
| Answer» A. Industrial Development Bank of India | |
| 13. |
ATM means |
| A. | Any Time Money |
| B. | Auto Truck of Mahindra |
| C. | Automated Teller Machine |
| D. | None of above |
| Answer» C. Automated Teller Machine | |
| 14. |
Timely repayment of loans results |
| A. | Good reputation |
| B. | No tension |
| C. | Easily availability of loan in future |
| D. | All of above |
| Answer» D. All of above | |
| 15. |
General Insurance relates to insurance against |
| A. | Fire |
| B. | Theft |
| C. | Burglary |
| D. | All of above |
| Answer» D. All of above | |
| 16. |
Aadhaar is |
| A. | 12 digit number card |
| B. | Identity proof issued by UIDAI |
| C. | Both (a) & (b) |
| D. | None of above |
| Answer» C. Both (a) & (b) | |
| 17. |
Which is prohibited for writing on currency notes? |
| A. | Political message |
| B. | Religious message |
| C. | Personal message |
| D. | All of above |
| Answer» D. All of above | |
| 18. |
PPF means |
| A. | Pension Planning Funds |
| B. | Person having Pension Facilities |
| C. | Public Provident Fund |
| D. | Permanent Practitioner’s Forum |
| Answer» C. Public Provident Fund | |
| 19. |
Interest on Savings Bank Deposits is paid |
| A. | Every month |
| B. | Quarterly |
| C. | Half yearly |
| D. | Yearly |
| Answer» C. Half yearly | |
| 20. |
While making nomination, signature of nominee is required on |
| A. | Account Opening Form |
| B. | Nomination form |
| C. | Affidavit |
| D. | None of above |
| Answer» D. None of above | |
| 21. |
Highest denomination of currency notes issued by RBI is |
| A. | Rs.100/- |
| B. | Rs.500/- |
| C. | Rs.1,000/- |
| D. | Rs.10,000/- |
| Answer» D. Rs.10,000/- | |
| 22. |
NRI means |
| A. | Non Rural Individuals |
| B. | Non Rural Immigrants |
| C. | Non Resident Indian |
| D. | None of above |
| Answer» D. None of above | |
| 23. |
PAN means |
| A. | A kind of utensil |
| B. | Primary Account Number |
| C. | Permanent Account Number |
| D. | None of above |
| Answer» C. Permanent Account Number | |
| 24. |
In Recurring Deposits, |
| A. | a fixed sum is deposited every month |
| B. | period of deposit is a fixed tenure |
| C. | interest is paid at FDR rate |
| D. | All of above |
| Answer» D. All of above | |
| 25. |
Bank provides loans for |
| A. | Home |
| B. | Car |
| C. | Education |
| D. | All of above |
| Answer» D. All of above | |
| 26. |
National Housing Bank (NHB), was set up on |
| A. | 9 July 1988 |
| B. | 10 june 1988 |
| C. | 20 june 1898 |
| D. | 19 june 1985 |
| Answer» A. 9 July 1988 | |
| 27. |
The safest place for keeping money |
| A. | A pit dug in the ground |
| B. | An iron box |
| C. | Bank |
| D. | Money lender |
| Answer» C. Bank | |
| 28. |
Gold and silver ornaments should be kept in bank lockers |
| A. | It is safe |
| B. | No risk of theft |
| C. | Both (a) & (b) |
| D. | None of above |
| Answer» C. Both (a) & (b) | |
| 29. |
National Bank for Agriculture & Rural Development is the Full form of |
| A. | NABARD |
| B. | NABADR |
| C. | NABAARD |
| D. | NAABARD |
| Answer» A. NABARD | |
| 30. |
Coins are issued by |
| A. | Government of India |
| B. | NABARD |
| C. | Public sector banks |
| D. | State Bank of India |
| Answer» A. Government of India | |
| 31. |
Bank Pass Book is |
| A. | Issued by Bank |
| B. | Contains transaction details of Bank account |
| C. | Shows balance in account |
| D. | All of above |
| Answer» D. All of above | |
| 32. |
Banks pays interest on |
| A. | Deposits |
| B. | Loans |
| C. | Both (a) & (b) |
| D. | None of above |
| Answer» A. Deposits | |
| 33. |
Bank charges interest on |
| A. | Deposits |
| B. | Loans |
| C. | Both (a) & (b) |
| D. | None of above |
| Answer» B. Loans | |
| 34. |
NHB is the full name of |
| A. | National Housing Bank |
| B. | National house bank |
| C. | National Banking bonus |
| D. | National Housing board |
| Answer» A. National Housing Bank | |
| 35. |
Business Correspondent means |
| A. | An agent who provides banking services |
| B. | An agent of business house |
| C. | A type of money lender |
| D. | None of above |
| Answer» A. An agent who provides banking services | |
| 36. |
Internet banking refers to |
| A. | Operation of account through internet |
| B. | Opening of account through ATM |
| C. | Both (a) & (b) |
| D. | None of above |
| Answer» A. Operation of account through internet | |
| 37. |
Nomination once done can |
| A. | Not be cancelled |
| B. | Be cancelled |
| C. | Not be changed |
| D. | None of above |
| Answer» B. Be cancelled | |
| 38. |
Who can open bank account? |
| A. | Indian citizen |
| B. | Non-Resident Indian |
| C. | Illiterate |
| D. | All of above |
| Answer» D. All of above | |
| 39. |
PAN number is required for |
| A. | Deposits less than Rs.50,000/- |
| B. | Deposits in excess of Rs.1 lac |
| C. | Deposits Rs.50,000/- & above |
| D. | All transactions |
| Answer» C. Deposits Rs.50,000/- & above | |
| 40. |
TDS means |
| A. | Time Deposit Scheme |
| B. | Total Deposit Scheme |
| C. | Tax Deducted at Source |
| D. | None of above |
| Answer» C. Tax Deducted at Source | |
| 41. |
Maximum amount of Cheque |
| A. | Rs.100 crore |
| B. | No limit |
| C. | Rs.1 crore |
| D. | None of above |
| Answer» B. No limit | |
| 42. |
Bank draft is issued by |
| A. | Private Sector Banks |
| B. | Regional Rural Banks |
| C. | Public Sector Banks |
| D. | All of above |
| Answer» D. All of above | |
| 43. |
Industrial Development Bank of India is established in |
| A. | 1964 |
| B. | 1965 |
| C. | 1864 |
| D. | 1992 |
| Answer» A. 1964 | |
| 44. |
Industrial Reconstruction Corporation of India is the abbreviation of |
| A. | IFCI |
| B. | IRCI |
| C. | IIRC |
| D. | ICRI |
| Answer» B. IRCI | |
| 45. |
The main function of the Export and Import Bank of India is |
| A. | To provide assistance to industries. |
| B. | To provide assistance to Agriculture |
| C. | To provide assistance to steel industries |
| D. | none of the above. |
| Answer» D. none of the above. | |
| 46. |
Export-Import (EXIM) Bank of India is the principal financial institution set up in |
| A. | 1982 |
| B. | 1983 |
| C. | 1985 |
| D. | 1986 |
| Answer» A. 1982 | |
| 47. |
SIDBI is one of the four All India Financial Institutions regulated and supervised by the Reserve Bank of India |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» A. True | |
| 48. |
National Bank for Agriculture and Rural Development (NABARD) is an apex …………………………….. fully owned by Government of India. |
| A. | Development finance institution |
| B. | Credit financial institution. |
| C. | Agricultural Development institution |
| D. | National saving development |
| Answer» A. Development finance institution | |
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