McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 101. |
What is the share of Sponsor Banks in the Regional Rural Banks? |
| A. | 75% |
| B. | 25% |
| C. | 15% |
| D. | 35% |
| Answer» D. 35% | |
| 102. |
What is the share of Sponsor Banks in the Regional Rural Banks? |
| A. | Gaur Gramin Bank |
| B. | Prathama Bank |
| C. | Arunachal Pradesh Rural Bank |
| D. | Himachal Gramin Bank |
| Answer» B. Prathama Bank | |
| 103. |
RRBs were set up on |
| A. | 1975 |
| B. | 1985 |
| C. | 1991 |
| D. | 2001 |
| Answer» A. 1975 | |
| 104. |
The total authorized capital of RRBs was originally fixed at Rs 1 crore which has since has been raised to………….. |
| A. | Rs 2 crore |
| B. | Rs 3 crore |
| C. | Rs 5 crore |
| D. | Rs 7 crore |
| Answer» C. Rs 5 crore | |
| 105. |
The main resources of RRBs are |
| A. | Share capital |
| B. | deposits from the public |
| C. | borrowing from Sponsor Banks |
| D. | All of the above |
| Answer» D. All of the above | |
| 106. |
RRBs are owned by |
| A. | Central Govt. |
| B. | State Govt. |
| C. | Sponsor Bank |
| D. | Jointly by all of the above |
| Answer» D. Jointly by all of the above | |
| 107. |
The number of directors on the boards of RRBs has been raised to |
| A. | 14 |
| B. | 15 |
| C. | 16 |
| D. | 17 |
| Answer» B. 15 | |
| 108. |
Regional Rural bank are empowered to transact the business of banking as defined under |
| A. | Banking Regulation Act,1949 |
| B. | Negotiable Instrument Act,1881 |
| C. | Regional Rural banks Act , 1976 |
| D. | None of these |
| Answer» A. Banking Regulation Act,1949 | |
| 109. |
RRBs are managed by |
| A. | RBI |
| B. | a board of director |
| C. | the sponsor bank |
| D. | the state Govt. |
| Answer» B. a board of director | |
| 110. |
All RRBs are required to maintain their entire SLR in |
| A. | Govt. & other approved securities |
| B. | current accounts with sponsor Banks |
| C. | time deposits with sponsor Banks |
| D. | Gold holdings only |
| Answer» A. Govt. & other approved securities | |
| 111. |
For the purpose of Income Tax Act, 1961 , the RRBs are treated as |
| A. | Scheduled commercial banks |
| B. | Non-scheduled banks |
| C. | Nationalized banks |
| D. | Co-operative banks |
| Answer» D. Co-operative banks | |
| 112. |
NABARD stands for: |
| A. | National Bank for Agriculture and Research Development |
| B. | National Bank for Analysis of Rural Development |
| C. | National Bank for Agriculture and Rural Development |
| D. | None of The Above |
| Answer» C. National Bank for Agriculture and Rural Development | |
| 113. |
'NABARD' came into existence on: |
| A. | 8th July, 1982 |
| B. | 19th July, 1982 |
| C. | 12th July, 1982 |
| D. | None of The Above |
| Answer» C. 12th July, 1982 | |
| 114. |
'NABARD' was dedicated to which among the following Prime Ministers: |
| A. | Gulzari Lal Nanda |
| B. | Indira Gandhi |
| C. | Shri Lal Bahadur Shastri |
| D. | None of The Above |
| Answer» B. Indira Gandhi | |
| 115. |
NABARD was set up with an initial capital of ______: |
| A. | Rs. 50 Crore |
| B. | Rs. 100 Crore |
| C. | Rs. 200 Crore |
| D. | None of The Above |
| Answer» B. Rs. 100 Crore | |
| 116. |
Headquarter of 'NABARD' is located at: |
| A. | Mangalore, Karnataka |
| B. | Mumbai, Maharashtra |
| C. | New Delhi |
| D. | None of The Above |
| Answer» B. Mumbai, Maharashtra | |
| 117. |
NABARD was established on the recommendations of : |
| A. | Shivaraman Committee |
| B. | Malhotra Committee |
| C. | Kumarmangalam Committee |
| D. | None of The Above |
| Answer» A. Shivaraman Committee | |
| 118. |
________ is the apex institution in the country which looks after the development of the cottage industry, small industries, village industries and other rural industries: |
| A. | NABARD |
| B. | SEBI |
| C. | SIDBI |
| D. | None of The Above |
| Answer» A. NABARD | |
| 119. |
NABARD was set up essentially as a development bank for promoting: |
| A. | Agriculture Development only |
| B. | Rural Development only |
| C. | Both of The Above |
| D. | None of The Above |
| Answer» C. Both of The Above | |
| 120. |
The main function of NABARD is to provide refinance for rural credit disburse by the_______and other financial institutions as may be approved by the Reserve Bank of India: |
| A. | State Co-operative Banks |
| B. | The Regional Rural Banks |
| C. | State Co-operative Banks and The Regional Rural Banks |
| D. | None of The Above |
| Answer» C. State Co-operative Banks and The Regional Rural Banks | |
| 121. |
Which among the following functions of NABARD is incorrect: |
| A. | Providing finance and also refinance for production and marketing in the rural areas |
| B. | Coordination and advising the operations of institutions engaged in rural credit |
| C. | Promoting research in agriculture and rural development |
| D. | None of The Above |
| Answer» D. None of The Above | |
| 122. |
CSR stands for: |
| A. | Customer Satisfaction Responsibility |
| B. | Corporate Social Responsibility |
| C. | Corporate Social Reforms |
| D. | None of The Above |
| Answer» B. Corporate Social Responsibility | |
| 123. |
Which among the following is considered as 100% CSR company: |
| A. | SDB (Small Development Banks) |
| B. | NABARD |
| C. | RRBs (Regional Rural Banks) |
| D. | None of The Above |
| Answer» B. NABARD | |
| 124. |
ARDC stands for: |
| A. | Agriculture Refinance and Development Corporation |
| B. | Agriculture Research and Development Commission |
| C. | Agriculture Research and Development Corporation |
| D. | None of The Above |
| Answer» A. Agriculture Refinance and Development Corporation | |
| 125. |
Co-operative banks are regulated by the Reserve Bank of India under which act? |
| A. | Banking Regulation Act, 1949 |
| B. | Banking Laws (Application to Co-operative Societies) Act, 1965 |
| C. | Negotiable Instrument Act–1881 |
| D. | Both (A) and (B) |
| Answer» D. Both (A) and (B) | |
| 126. |
Co-operative banks which work at a metropolitan level are called as? |
| A. | District Central Co-operative Bank |
| B. | State Co-operative Bank |
| C. | Primary Urban Co-operative Bank |
| D. | Primary Agricultural Credit Societies |
| Answer» C. Primary Urban Co-operative Bank | |
| 127. |
Which one of the apex bodies regulates the cooperative banks in India? |
| A. | NABARD |
| B. | RBI |
| C. | Sponsor Banks |
| D. | Both A and B |
| Answer» B. RBI | |
| 128. |
All banks registered under the ___________ are considered co-operative banks. |
| A. | Banking Regulation Act 1949 |
| B. | The Bankers’ Books Evidence Act–1891 |
| C. | Cooperative Societies Act, 1912 |
| D. | Both (A) and (C) |
| Answer» C. Cooperative Societies Act, 1912 | |
| 129. |
Who manages the registration and management activities of Urban co-operative banks in India? |
| A. | RBI |
| B. | NABARD |
| C. | RCS |
| D. | None of the above |
| Answer» C. RCS | |
| 130. |
Which of these are at the lowest rung of Rural Cooperative banking structure in India? |
| A. | State Cooperative Banks |
| B. | District Central Cooperative Banks |
| C. | Primary Agricultural Credit Societies |
| D. | None of the above |
| Answer» C. Primary Agricultural Credit Societies | |
| 131. |
When was the first law, regulating the working of cooperative societies, was promulgated by British India Government? |
| A. | 1902 |
| B. | 1904 |
| C. | 1907 |
| D. | 1908 |
| Answer» B. 1904 | |
| 132. |
Where was the first society under Cooperative Societies Act 1904 registered in India? |
| A. | Madurai |
| B. | Kanjipoorum |
| C. | Gaya |
| D. | Panaji |
| Answer» B. Kanjipoorum | |
| 133. |
Who regulates the functioning of District Cooperative Banks in India? |
| A. | State Government |
| B. | RBI |
| C. | State Cooperative Banks |
| D. | None |
| Answer» B. RBI | |
| 134. |
Which of these committees was formed in 1915 to review the performance of cooperative societies and suggest measures for strengthening them? |
| A. | Raja Hari Committee |
| B. | Maclagan Committee |
| C. | Saraiya Committee |
| D. | Frederick Nicholson Committee |
| Answer» B. Maclagan Committee | |
| 135. |
Which of these committees in 1945 recommended the setting up of a Cooperative Training College in every state? |
| A. | Saraiya Committee |
| B. | Maclagan Committee |
| C. | Narsimaham Committee |
| D. | Rajagopalachari Committee |
| Answer» A. Saraiya Committee | |
| 136. |
Which was the first Cooperative Bank established in India? |
| A. | Bharat Cooperative Bank Limited |
| B. | Kangra Central Co-operative Bank Limited |
| C. | Anyonya Co-operative Bank Limited |
| D. | Abhyudaya Co-operative Limited |
| Answer» C. Anyonya Co-operative Bank Limited | |
| 137. |
Which of these is a Cooperative Bank in India? |
| A. | Cosmos Bank |
| B. | SVC Bank |
| C. | Janata Sahakari Bank |
| D. | All of the above |
| Answer» D. All of the above | |
| 138. |
Which is the largest cooperative bank of India presently? |
| A. | Saraswat Bank |
| B. | NKGSB Bank |
| C. | Apna Sahakari Bank L |
| Answer» A. Saraswat Bank | |
| 139. |
The members of a Co-operative Society have ______________ liability. |
| A. | Joint |
| B. | Limited |
| C. | Unlimited |
| D. | Joint and Several |
| Answer» B. Limited | |
| 140. |
The President of a Co-operative Society is |
| A. | Owner |
| B. | Officer |
| C. | Advisor |
| D. | Employees |
| Answer» B. Officer | |
| 141. |
Which of the following organizational structure is followed by Co-operatives in India? |
| A. | Federal Structure |
| B. | Unitary Structure |
| C. | Centralized Structure |
| D. | Decentralized Structure |
| Answer» A. Federal Structure | |
| 142. |
Interest Rate of Deposits of a Co-operative Credit Societies are fixed by |
| A. | RBI |
| B. | General Body |
| C. | Registrar |
| D. | Government |
| Answer» C. Registrar | |
| 143. |
The Rules and Regulations of a Co-operative Society is formed in its |
| A. | Bylaws |
| B. | General Body |
| C. | Co-operative Act |
| D. | Co-operative rules |
| Answer» C. Co-operative Act | |
| 144. |
The binding up of a co-operative Society means |
| A. | Liquidation |
| B. | Registration |
| C. | Amalgamation |
| D. | Reconstruction |
| Answer» A. Liquidation | |
| 145. |
Co-operative societies with area of operation more than two states is registered by |
| A. | Central Government |
| B. | Central Registrar |
| C. | NCUI |
| D. | RBI |
| Answer» B. Central Registrar | |
| 146. |
Admission of members and allocation of shares in a Co-operative Society is the duty of |
| A. | Managing committee |
| B. | General Body |
| C. | Secretary |
| D. | President |
| Answer» A. Managing committee | |
| 147. |
An important document for the membership in a Co-operative Society is |
| A. | Receipt |
| B. | Passbook |
| C. | Identity card |
| D. | Minute book |
| Answer» C. Identity card | |
| 148. |
__________ is based on the principle of self-help through mutual help, abolition of profits and service above self help. |
| A. | socialism |
| B. | capitalism |
| C. | co-operation |
| D. | trade unionism |
| Answer» C. co-operation | |
| 149. |
DCCBs |
| A. | District Central Cooperative Banks |
| B. | Director of Central Cooperative Banks |
| C. | Danish Credit Cooperative Banks |
| D. | Dane Creative Cooperative Banks |
| Answer» A. District Central Cooperative Banks | |
| 150. |
The Reserve Bank of India was established on _______. |
| A. | April 1, 1935 |
| B. | July 12, 1982 |
| C. | May 26, 2006 |
| D. | September 30, 2005 |
| Answer» A. April 1, 1935 | |
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