McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Common Topics in Competitive and Entrance exams .
| 451. |
term refers an account that cannot be converted and repatriated into foreign currency. |
| A. | Non-Resident Ordinary Rupee or NRO Account |
| B. | Non-Resident Rupee or NRE Account |
| C. | FCNR Account |
| D. | Retail Account |
| E. | None of these |
| Answer» A. Non-Resident Ordinary Rupee or NRO Account | |
| 452. |
What does the term Open Market Operations refer to? |
| A. | Selling of equities in the open market |
| B. | Selling of commodities in the open market |
| C. | Buying and selling of government securities in the open market |
| D. | Buying and selling of products in the wholesale market |
| E. | None of these |
| Answer» C. Buying and selling of government securities in the open market | |
| 453. |
account is opened by the investor while registering with an investment broker. |
| A. | Fixed Deposit Account |
| B. | Savings Bank Account |
| C. | Recurring Account |
| D. | De-materialized Account |
| E. | None of these |
| Answer» D. De-materialized Account | |
| 454. |
is the percentage of total deposits of a bank which it has to keep with itself in the form of liquid assets. |
| A. | Statutory Liquidity Ratio (SLR) |
| B. | Cash Reserve Ratio (CRR) |
| C. | Statutory Reserve Ratio |
| D. | Cash Ratio |
| E. | None of these |
| Answer» A. Statutory Liquidity Ratio (SLR) | |
| 455. |
is a deposit of money that has a fixed time and pays higher interest than a SB Account. |
| A. | Fixed Deposit Account |
| B. | Savings Bank Account |
| C. | Recurring Account |
| D. | Current Account |
| E. | None of these |
| Answer» A. Fixed Deposit Account | |
| 456. |
Money Market is regulated by? |
| A. | RBI |
| B. | SEBI |
| C. | IRDAI |
| D. | None of the Above |
| E. | Both (a) and (c) |
| Answer» A. RBI | |
| 457. |
Who issues treasury bills? |
| A. | Reserve Bank of India, as the agent of the Central Government |
| B. | Any Govt. dept. of State and Central |
| C. | Any Commercial Bank |
| D. | All of the above |
| E. | None of the above |
| Answer» A. Reserve Bank of India, as the agent of the Central Government | |
| 458. |
short term instrument, have the generic character of T-bills but are issued for maturities less than 91 days. |
| A. | Dated Government Securities |
| B. | State Development Loans (SDL) |
| C. | Cash Management Bills (CMBs) |
| D. | All of the Above |
| E. | None of these |
| Answer» C. Cash Management Bills (CMBs) | |
| 459. |
Certificate of deposit can be subscribed by |
| A. | individuals |
| B. | corporate companies |
| C. | Trusts, funds, association et.c |
| D. | ( a) and (b) |
| E. | all of (a) to (c) |
| Answer» E. all of (a) to (c) | |
| 460. |
refers borrower‘s ability to meet immediate liabilities. |
| A. | Current Ratio |
| B. | Gearing Ratio |
| C. | Acid-Test Ratio |
| D. | All of the above |
| E. | None of the Above |
| Answer» C. Acid-Test Ratio | |
| 461. |
A government security is generally issued in the form of |
| A. | Stock certificates |
| B. | Bearer bonds |
| C. | Promissory notes |
| D. | all |
| E. | none |
| Answer» D. all | |
| 462. |
An Asset Reconstruction Company(ARC) in India is associated with |
| A. | UCPDC |
| B. | DICGC |
| C. | NPA |
| D. | All of the above |
| E. | None of the Above |
| Answer» C. NPA | |
| 463. |
Who are the major players in the call money markets? |
| A. | Banks |
| B. | Insurance companies |
| C. | Development Financial Institutions |
| D. | Selected Mutual Funds |
| E. | All of the above |
| Answer» E. All of the above | |
| 464. |
is a voluntary market body for the bond, money and derivatives markets. |
| A. | RBI |
| B. | SEBI |
| C. | IRDAI |
| D. | FIMMDA |
| E. | None of the above |
| Answer» D. FIMMDA | |
| 465. |
CICs are permitted to invest Liquid Fund Schemes (Mutual Funds) with maturity of less than days. |
| A. | 51 |
| B. | 71 |
| C. | 61 |
| D. | 91 |
| E. | 81 |
| Answer» D. 91 | |
| 466. |
Which of the following is NOT the part of the organized sector in Indian Money Market? |
| A. | Mutual Funds |
| B. | Non-Banking Financial Companies |
| C. | Unit Trust of India |
| D. | Chit funds |
| E. | None of these |
| Answer» D. Chit funds | |
| 467. |
Systematically Important Core Investment Company(CIC-ND-SI)/ CICs can not accept . |
| A. | Public Fund |
| B. | Deposit |
| C. | Public Deposit |
| D. | Both (B) and (C) |
| E. | None of these |
| Answer» D. Both (B) and (C) | |
| 468. |
CEO of ICICI bank is: |
| A. | Arundhati Bhattacharya |
| B. | Chanda Kochhar |
| C. | Indira Nuyi |
| D. | Arun Jaitley |
| E. | None of These |
| Answer» B. Chanda Kochhar | |
| 469. |
Infrastructure Finance Company(IFC) has a minimum Net Owned Funds of |
| A. | 100 Crore |
| B. | 150 Crore |
| C. | 250 Crore |
| D. | 300 Crore |
| E. | 350 Crore |
| Answer» D. 300 Crore | |
| 470. |
ICICI bank launched internet banking operations in |
| A. | 1998 |
| B. | 1999 |
| C. | 2000 |
| D. | 2002 |
| E. | None of These |
| Answer» A. 1998 | |
| 471. |
When was the Imperial Bank of India nationalised? |
| A. | 1948 |
| B. | 1950 |
| C. | 1955 |
| D. | 1969 |
| E. | 1957 |
| Answer» C. 1955 | |
| 472. |
'BCSBI' Stands for : |
| A. | Banking Codes and Standards Boards of India |
| B. | Five |
| C. | Six |
| D. | Eight |
| E. | Three |
| Answer» A. Banking Codes and Standards Boards of India | |
| 473. |
Kisan Credit Card can be used for financing? |
| A. | Production needs |
| B. | Consumption needs |
| C. | Both (a) and (b) |
| D. | None of the above |
| E. | cannot be determined |
| Answer» C. Both (a) and (b) | |
| 474. |
The largest number of commercial banks‘ offices are located in? |
| A. | Karnataka |
| B. | Maharashtra |
| C. | Tamil Nadu |
| D. | Uttar Pradesh |
| E. | None of these |
| Answer» D. Uttar Pradesh | |
| 475. |
Closed Economy is one in which : |
| A. | only export takes place |
| B. | money supply is fully controlled |
| C. | deficit financing takes place |
| D. | neither export nor import takes place |
| E. | None of these |
| Answer» D. neither export nor import takes place | |
| 476. |
means the period for which the securities cannot be delivered. |
| A. | Fixed Time Period |
| B. | Shut Period |
| C. | Grace Period |
| D. | Payback Period |
| E. | None of these |
| Answer» B. Shut Period | |
| 477. |
The definition of the priority sector was first formalized in 1972 by? |
| A. | Planning Commission |
| B. | National Development Council |
| C. | Reserve Bank of India |
| D. | Ministry of Finance, Government of India |
| E. | None of these |
| Answer» C. Reserve Bank of India | |
| 478. |
The term ―capitalisation of reserves‖ is used to denote? |
| A. | the use of reserves for the acquisition of additional capital |
| B. | the use of reserves for paying-off loans raised for building up fixed assets |
| C. | the use of reserves for issuing bonus shares to the existing shareholders |
| D. | the use of reserves for the replacement of depreciated assets |
| E. | None of these |
| Answer» C. the use of reserves for issuing bonus shares to the existing shareholders | |
| 479. |
―Multi-currency basket‖ means? |
| A. | a number of international currencies to which the value of SDRs is linked |
| B. | selected international currencies to which the value of Asian Monetary Unit is linked |
| C. | number of major international currencies to which the external value of the Indian rupee is linked |
| D. | the name given to a group of West European currencies. |
| E. | None of these |
| Answer» C. number of major international currencies to which the external value of the Indian rupee is linked | |
| 480. |
Which is India‘s first and largest Asset Reconstruction Company? |
| A. | ARCIL |
| B. | PARAS |
| C. | Relaince ARC |
| D. | Both a) and b) |
| E. | None of the Above |
| Answer» A. ARCIL | |
| 481. |
The tertiary sector of economy is called as: |
| A. | Manufacturing Industry |
| B. | Service Industry |
| C. | Agro and Fishing Industry |
| D. | All of the above |
| E. | None of these |
| Answer» B. Service Industry | |
| 482. |
In Notice Money Market, the tenor of the transactions is from |
| A. | 2-7 days |
| B. | 2-14 days |
| C. | 2-21 days |
| D. | 2-28 days |
| E. | None of these |
| Answer» B. 2-14 days | |
| 483. |
FDR is: |
| A. | Fix Date Rate |
| B. | Fixed Deposit Receipt |
| C. | Full Date Rate |
| D. | All of the above |
| E. | None of these |
| Answer» B. Fixed Deposit Receipt | |
| 484. |
What is the full form of ECB? |
| A. | Extra Commercial Banking |
| B. | Extra Commercial Borrowings |
| C. | External Commercial Borrowings |
| D. | All of the above |
| E. | None of these |
| Answer» C. External Commercial Borrowings | |
| 485. |
Account payee crossing is an direction of the drawer to? |
| A. | To collecting banker |
| B. | To drawee banker |
| C. | To payee |
| D. | To all endorsees |
| E. | None of these |
| Answer» A. To collecting banker | |
| 486. |
A offers loans to people starting their own business" |
| A. | Bank |
| B. | Credit Union |
| C. | Pawnshop |
| D. | Both a) and b) |
| E. | None of These |
| Answer» C. Pawnshop | |
| 487. |
Which of the following cannot be called as a Debt Instrument as referred in financial transactions? |
| A. | Certificate of Deposits |
| B. | Bonds |
| C. | Stocks |
| D. | Commercial Papers |
| E. | None of these |
| Answer» C. Stocks | |
| 488. |
All coins that are minted in Noida have |
| A. | Dot |
| B. | Star |
| C. | Diamond |
| D. | No mark |
| E. | None of these |
| Answer» A. Dot | |
| 489. |
Obtaining cash from an ATM is similar to: |
| A. | Writing a Cheque |
| B. | Open any Account |
| C. | Any banking transaction |
| D. | Both a) and b) |
| E. | None of These |
| Answer» A. Writing a Cheque | |
| 490. |
Which of the following cannot be endorsed? |
| A. | A fixed deposit receipt |
| B. | A bank draft |
| C. | A Promissory note |
| D. | A usance bill of exchange |
| E. | None of these |
| Answer» A. A fixed deposit receipt | |
| 491. |
What is a Green Index? |
| A. | It measures the nation’s wealth according to per Capita |
| B. | It measures the nation’s wealth according to GDP per Capita |
| C. | It measures nation’s wealth according to provisions of control on greenhouse gases |
| D. | It measures the nation’s wealth in terms of coverage of forest area. |
| E. | none of these |
| Answer» C. It measures nation’s wealth according to provisions of control on greenhouse gases | |
| 492. |
A endorsement includes the words "FOR DEPOSIT ONLY": |
| A. | Restrictive |
| B. | Predictive |
| C. | Conductive |
| D. | Both a) and c) |
| E. | None of These |
| Answer» A. Restrictive | |
| 493. |
In a company the use of price sensitive corporate information by the Company – people to make gains or cover losses is known as? |
| A. | insider trading |
| B. | future trading |
| C. | foreign trading |
| D. | stock trading |
| E. | None of these |
| Answer» A. insider trading | |
| 494. |
India‘s first indigenous payment gateway is |
| A. | India Payment |
| B. | India Pay |
| C. | India Rupee |
| D. | India Expenditure |
| E. | None of these |
| Answer» B. India Pay | |
| 495. |
Which of the following organizations provides Buffer Stock Financing Facility? |
| A. | Reserve Bank of India |
| B. | Asian Development Bank |
| C. | International Monetary Fund |
| D. | World Bank |
| E. | Federal Reserve Bank |
| Answer» C. International Monetary Fund | |
| 496. |
The relationship between RBI and the Bank maintaining the currency chest is that of? |
| A. | Creditor and Debtor |
| B. | Bailor and Bailee |
| C. | Principal and Agent |
| D. | Debtor and Creditor |
| E. | None of these |
| Answer» C. Principal and Agent | |
| 497. |
Where are the headquarters of National Housing Bank? |
| A. | Lucknow |
| B. | Allahabad |
| C. | Mumbai |
| D. | New Delhi |
| E. | Kolkata |
| Answer» D. New Delhi | |
| 498. |
In India, forex rates are determined by |
| A. | Demand and supply forces |
| B. | Importers |
| C. | Ministry of commerce |
| D. | Exporters |
| E. | None of these |
| Answer» A. Demand and supply forces | |
| 499. |
Which among the following committees suggested the concept of ―Universal Banking‖ ? |
| A. | Raja Chelliah Committee |
| B. | SH Khan Committee |
| C. | Abid Hussain Committee |
| D. | LK Jha Committee |
| E. | None of them |
| Answer» B. SH Khan Committee | |
| 500. |
An increase in CRR by RBI leads to |
| A. | Increase in deposit |
| B. | Decrease in deposit |
| C. | Decrease in lendable resources |
| D. | Increase in lendable resources |
| E. | None of these |
| Answer» C. Decrease in lendable resources | |
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