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. |
____________ allocates saving efficiently in an economy to ultimate users either for investment in real assets or for consumption. |
| A. | Economic system |
| B. | Banking system |
| C. | Financial system |
| D. | Market system |
| Answer» C. Financial system | |
| 2. |
Which of the following is not a regulatory institution in Indian financial system? |
| A. | RBI |
| B. | CIBIL |
| C. | SEBI |
| D. | IRDA |
| Answer» B. CIBIL | |
| 3. |
_____________ is regarded as a queen of Indian financial system. |
| A. | SEBI |
| B. | RBI |
| C. | Finance Ministry |
| D. | BSE |
| Answer» B. RBI | |
| 4. |
National Housing bank is a fully owned subsidiary of___________. |
| A. | HDFC |
| B. | HSBC |
| C. | RBI |
| D. | HUDCO |
| Answer» C. RBI | |
| 5. |
Financial institutions are also known as ______________. |
| A. | Financial organization |
| B. | Financial intermediaries |
| C. | Financial system |
| D. | Any of the above |
| Answer» B. Financial intermediaries | |
| 6. |
____________is the first development financial institution in India. |
| A. | IDBI |
| B. | ICICI |
| C. | IFCI |
| D. | RBI |
| Answer» C. IFCI | |
| 7. |
IDBI was established in ____________. |
| A. | 1948 |
| B. | 1954 |
| C. | 1992 |
| D. | 1964 |
| Answer» D. 1964 | |
| 8. |
______________is an apex institution to coordinate, supplement and integrate the activities of all existing specialized financial institutions. |
| A. | IFCI |
| B. | IDBI |
| C. | RBI |
| D. | SEBI |
| Answer» B. IDBI | |
| 9. |
Which of the following is not an asset held by Commercial Banks? |
| A. | Bills of Exchange |
| B. | Current Account Deposits |
| C. | Money Lent at short Notice |
| D. | Credit Balances with the Reserve Bank |
| Answer» B. Current Account Deposits | |
| 10. |
Which of the following combinations is correct? |
| A. | NABARD--------Industrial Loan |
| B. | RBI---------------Long term Finance |
| C. | RRB---------------Agriculture Finance |
| D. | IDBI---------------Short Term Loans |
| Answer» C. RRB---------------Agriculture Finance | |
| 11. |
Which of the following is not an organized sector in India? |
| A. | Nationalized Banks |
| B. | Regional Rural Banks |
| C. | Cooperative Banks |
| D. | Chits and Money lenders |
| Answer» D. Chits and Money lenders | |
| 12. |
In which year was the Banking Regulation Act passed? |
| A. | 1949 |
| B. | 1955 |
| C. | 1959 |
| D. | 1969 |
| Answer» A. 1949 | |
| 13. |
When did the National Bank of Agriculture and Rural Development establish? |
| A. | July, 1982 |
| B. | July, 1969 |
| C. | June, 1951 |
| D. | June, 1961 |
| Answer» A. July, 1982 | |
| 14. |
Which of the following is the apex institution which handles refinance for agriculture and rural development in India? |
| A. | RBI |
| B. | SIDBI |
| C. | NABARD |
| D. | RBI |
| Answer» C. NABARD | |
| 15. |
At which of the following cities is the Head Office of Reserve Bank of India located? |
| A. | Mumbai |
| B. | New Delhi |
| C. | Kolkata |
| D. | Dehradun |
| Answer» A. Mumbai | |
| 16. |
“Scheduled bank” in India means a bank _____. |
| A. | Incorporated under the Companies Act, 1956 |
| B. | Authorized to the Banking business |
| C. | Governed by the Banking Regulation Act, 1949 |
| D. | Included in the Second schedule to the Reserve Bank of India Act 1934 |
| Answer» D. Included in the Second schedule to the Reserve Bank of India Act 1934 | |
| 17. |
Which is the largest commercial bank in India? |
| A. | Bank of India |
| B. | Axis Bank |
| C. | State Bank of India |
| D. | HDFC |
| Answer» C. State Bank of India | |
| 18. |
Co-operative Societies Act was enacted in which year? |
| A. | 1912 |
| B. | 1949 |
| C. | 1935 |
| D. | 1913 |
| Answer» A. 1912 | |
| 19. |
With whom does the ownership of Public sector banks rest? |
| A. | Government of India |
| B. | Jointly with Government of India and share-holders from the public |
| C. | Jointly with Government of India and State Bank of India |
| D. | Jointly with Government of India and Reserve Bank of India |
| Answer» A. Government of India | |
| 20. |
In which year was the Bank of Maharashtra established? |
| A. | 1937 |
| B. | 1935 |
| C. | 1934 |
| D. | 1949 |
| Answer» B. 1935 | |
| 21. |
Urban Cooperative Banks are also called as? |
| A. | Short-term co-operatives |
| B. | Secondary Cooperative Banks |
| C. | Primary Cooperative Banks |
| D. | Long-term co-operatives |
| Answer» C. Primary Cooperative Banks | |
| 22. |
What is the full-form of NBFC? |
| A. | Non-Bank Financial Competition |
| B. | Non-Bank Foreign Company |
| C. | Non-Banking Financial Company |
| D. | Non-Banking Finance Corporation |
| Answer» C. Non-Banking Financial Company | |
| 23. |
Who insures banks in India? |
| A. | IRDA |
| B. | EXIM |
| C. | DICGC |
| D. | ECGC |
| Answer» C. DICGC | |
| 24. |
How many developments banks are there in India? |
| A. | 5 |
| B. | 6 |
| C. | 7 |
| D. | 8 |
| Answer» B. 6 | |
| 25. |
A bank is a financial intermediary because |
| A. | it acts as the broker between depositor and borrower |
| B. | it acts as the link between the savers and the borrowers |
| C. | it is in the finance industry |
| D. | it is in the intermediary industry |
| Answer» B. it acts as the link between the savers and the borrowers | |
| 26. |
Bank’s services include |
| A. | Net banking |
| B. | Mobile banking |
| C. | Phone banking |
| D. | All the above |
| Answer» D. All the above | |
| 27. |
An Investment Bank is a bank |
| A. | Which invests money in another bank |
| B. | Which collects investments from public |
| C. | An intermediary which performs a variety of financial services to corporate |
| D. | none |
| Answer» C. An intermediary which performs a variety of financial services to corporate | |
| 28. |
_____________are NOT a part of the Scheduled banking structure in India. |
| A. | Money lenders |
| B. | Public sector banks |
| C. | Private sector banks |
| D. | Regional rural banks |
| Answer» A. Money lenders | |
| 29. |
Which of the following is NOT a function of Commercial Bank? |
| A. | Providing Project Finance Settling of payments on behalf of the customers. |
| B. | Deciding policy rates like CRR, SLR and Repo rate. |
| C. | Issuing credit / debit /ATM cards |
| D. | none |
| Answer» B. Deciding policy rates like CRR, SLR and Repo rate. | |
| 30. |
Which of the following public sector banks has the largest number of branches in foreign countries? |
| A. | Bank of India |
| B. | Bank of Baroda |
| C. | Punjab National Bank |
| D. | Corporation Bank |
| Answer» B. Bank of Baroda | |
| 31. |
Bank of Rajasthan is now merged with which of the following Banks? |
| A. | Axis Bank |
| B. | IDBI Bank |
| C. | ICICI bank |
| D. | HDFC Bank |
| Answer» C. ICICI bank | |
| 32. |
The rupee Note contain the signature of – |
| A. | Finance Secretary, GOI |
| B. | Chairman, SBI |
| C. | Governor, RBI |
| D. | Finance Minister, GOI |
| Answer» D. Finance Minister, GOI | |
| 33. |
Zero balance account is generally allowed to be open for – |
| A. | Salaried Class |
| B. | Business Man |
| C. | Foreign Customers |
| D. | Children |
| Answer» A. Salaried Class | |
| 34. |
The only merger of two public sector banks took place between – |
| A. | Bank of India and New Bank of India |
| B. | Punjab National Bank and New Bank of India |
| C. | Allahabad Bank and United Bank of India |
| D. | Punjab National Bank and Bank of Rajasthan |
| Answer» B. Punjab National Bank and New Bank of India | |
| 35. |
Canara Bank and Corporation Bank have headquarters in _____ and _____ respectively. |
| A. | Bangalore, Mangalore |
| B. | Mangalore, New Delhi |
| C. | Both in Bangalore |
| D. | Both in Mangalore |
| Answer» A. Bangalore, Mangalore | |
| 36. |
Which bank was united with the Punjab National Bank in 1993? |
| A. | Oudh Commercial Bank |
| B. | New Bank of India |
| C. | Punjab and Sind Bank |
| D. | Imperial Bank of India |
| Answer» B. New Bank of India | |
| 37. |
Which among the following bank has its headquarters in Mumbai? |
| A. | Allahabad Bank |
| B. | UCO Bank |
| C. | United Bank of India |
| D. | Bank of India |
| Answer» D. Bank of India | |
| 38. |
Which bank has become the first private sector bank to sell Indian gold coins? |
| A. | Dhanlaxmi Bank |
| B. | Federal Bank |
| C. | Karur Vysya Bank |
| D. | ICICI Bank |
| Answer» B. Federal Bank | |
| 39. |
Which private bank was earlier known as The Kumbakonam Bank Limited? |
| A. | Tamil Nadu Mercantile Bank |
| B. | Federal Bank |
| C. | South Indian Bank |
| D. | City Union Bank |
| Answer» D. City Union Bank | |
| 40. |
Which Private bank is the wholly owned subsidiary of Bank of Baroda? |
| A. | Axis Bank |
| B. | Nainital Bank |
| C. | HDFC Bank |
| D. | Bandhan Bank |
| Answer» B. Nainital Bank | |
| 41. |
Among the following banks, which bank has been renamed as Axis Bank Ltd? |
| A. | HDFC Bank |
| B. | Centurion Bank |
| C. | Lord Krishna Bank |
| D. | UTI Bank |
| Answer» D. UTI Bank | |
| 42. |
Where is the operational head office of HSBC Bank located in India? |
| A. | New Delhi |
| B. | Bangalore |
| C. | Mumbai |
| D. | Chennai |
| Answer» C. Mumbai | |
| 43. |
How many foreign banks are there in India at present? |
| A. | 42 |
| B. | 43 |
| C. | 44 |
| D. | 45 |
| Answer» D. 45 | |
| 44. |
Which is the largest foreign bank in India? |
| A. | HSBC |
| B. | Citi Bank |
| C. | Standard Chartered Bank |
| D. | Deutshce Bank |
| Answer» C. Standard Chartered Bank | |
| 45. |
Where Citi Bank India was first established its office in 1902? |
| A. | Calcutta |
| B. | Bombay |
| C. | Madras |
| D. | Dhaka |
| Answer» A. Calcutta | |
| 46. |
Which is the 3rd largest foreign bank of India in terms of branches? |
| A. | HSBC |
| B. | Citi Bank |
| C. | Standard Chartered |
| D. | Royal bank of Scotland |
| Answer» A. HSBC | |
| 47. |
Bhartiya Mahila Bank was founded in the year ____? |
| A. | 2011 |
| B. | 2012 |
| C. | 2013 |
| D. | 2014 |
| Answer» C. 2013 | |
| 48. |
Which one among the following has not started commercial banking? |
| A. | SIDBI |
| B. | IDBI |
| C. | ICICI |
| D. | UTI |
| Answer» A. SIDBI | |
| 49. |
The merger of _________and ________was the first M and A activity after liberalization. |
| A. | Times Bank and HDFC Bank |
| B. | New Bank of India and Punjab National Bank |
| C. | ICICI and ICICI Bank |
| D. | GTB and Oriental Bank of Commerce |
| Answer» C. ICICI and ICICI Bank | |
| 50. |
How many banks were nationalized in India in the year 1969? |
| A. | 12 |
| B. | 29 |
| C. | 14 |
| D. | 6 |
| Answer» C. 14 | |
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