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 .
| 501. |
The interest on recurring deposit is paid on the basis of? |
| A. | Interest calculated on daily products basis |
| B. | Simple interest on monthly products basis |
| C. | Simple interest calculated monthly basis |
| D. | Quarterly compounding |
| E. | None of these |
| Answer» D. Quarterly compounding | |
| 502. |
In which year UTI was split into UTI-I and UTI-II? |
| A. | 2001 |
| B. | 2002 |
| C. | 2003 |
| D. | 2004 |
| E. | 2005 |
| Answer» C. 2003 | |
| 503. |
What is international banking? |
| A. | Providing of variety of financial services to the customers who are living outside their home country |
| B. | Providing of financial services to the customers who are living in home country |
| C. | Banking between two countries |
| D. | All of the above |
| E. | None of these |
| Answer» A. Providing of variety of financial services to the customers who are living outside their home country | |
| 504. |
When RBI reduce the CRR it results into |
| A. | Increase in lendable resources |
| B. | Decrease in lendable resources |
| C. | Increase in deposit |
| D. | Decrease in deposit |
| E. | None of these |
| Answer» A. Increase in lendable resources | |
| 505. |
In banking services, which are the major characteristics affecting the channel selection |
| A. | Intangibility |
| B. | Inseparability |
| C. | Perish ability |
| D. | All of the above |
| E. | None of these |
| Answer» D. All of the above | |
| 506. |
What does 'DD' stand for |
| A. | Demand Cheque |
| B. | Demand Credit |
| C. | Demand Cash |
| D. | Demand Draf |
| E. | None of these |
| Answer» D. Demand Draf | |
| 507. |
The term smart money refers to |
| A. | foreign currency |
| B. | Internet banking |
| C. | US Dollars |
| D. | Traveller’s cheques |
| E. | credit cards |
| Answer» E. credit cards | |
| 508. |
Which of the following is the retail banking product? |
| A. | home loans |
| B. | working capital finance |
| C. | corporate term loans |
| D. | infrastructure financing |
| E. | export credit |
| Answer» A. home loans | |
| 509. |
Which of the following is NOT required for opening a bank account? |
| A. | Identity Proof |
| B. | Address Proof |
| C. | Recent Photographs |
| D. | Domicile Certificate |
| E. | None of these |
| Answer» D. Domicile Certificate | |
| 510. |
Which of the following is not a tool in the hands of RBI to control the inflationary pressure in the country? |
| A. | Bank Rate (BR) |
| B. | Special Drawing Rights (SDR) |
| C. | Statutory Liquidity Ratio (SLR) |
| D. | Cash Reserve Ratio (CRR) |
| E. | None of these |
| Answer» B. Special Drawing Rights (SDR) | |
| 511. |
When was the Financial Market Department was established by RBI? |
| A. | May, 1999 |
| B. | Jan, 2000 |
| C. | July, 2005 |
| D. | Aug, 2002 |
| E. | None of these |
| Answer» C. July, 2005 | |
| 512. |
which among the following is at times mentioned as a kind of Direct Debit Facility? |
| A. | RTGS |
| B. | ECS |
| C. | NEFT |
| D. | All of these |
| E. | None of these |
| Answer» B. ECS | |
| 513. |
How many Deputy Governors are there in RBI? |
| A. | Three |
| B. | Two |
| C. | Four |
| D. | Six |
| E. | Five |
| Answer» C. Four | |
| 514. |
Which among the following does not decided the RBI? |
| A. | CAR |
| B. | CRR |
| C. | Base Rate |
| D. | Bank Rate |
| E. | Repo Rate |
| Answer» C. Base Rate | |
| 515. |
What does ‗T‘ in RTGS stand for? |
| A. | Time |
| B. | Transaction |
| C. | Tax |
| D. | Transfer |
| E. | None of these |
| Answer» A. Time | |
| 516. |
In which year does the Differential Rate of Interest Scheme was introduced? |
| A. | 1972 |
| B. | 1982 |
| C. | 1978 |
| D. | 1988 |
| E. | None of these |
| Answer» A. 1972 | |
| 517. |
Islamic Development Bank located in which country? |
| A. | Qatar |
| B. | Saudi Arabia |
| C. | Yemen |
| D. | Iraq |
| E. | Oman |
| Answer» B. Saudi Arabia | |
| 518. |
In which among the following types occurs the Interest Rate Risk? |
| A. | Interest risk |
| B. | Credit risk |
| C. | Payment risk |
| D. | Market risk |
| E. | None of these |
| Answer» D. Market risk | |
| 519. |
Which of the following is the biggest borrower in India? |
| A. | Government of India |
| B. | Reserve bank of India |
| C. | State Government |
| D. | Indian Railways |
| E. | Public Sector Undertakings |
| Answer» A. Government of India | |
| 520. |
Which of the following terms is used in banking field? |
| A. | Input Devices |
| B. | Zero Hour |
| C. | Interest Rate Swap |
| D. | Sedimentary |
| E. | Privilege Motion |
| Answer» C. Interest Rate Swap | |
| 521. |
E.P.S. in share market stands for: |
| A. | Earnings Per Share |
| B. | Electronic Payment System |
| C. | Employee Pension Scroll |
| D. | Equated Payment System |
| E. | None of these |
| Answer» A. Earnings Per Share | |
| 522. |
According to the ASSOCHAM reports, which among the following states has topped in the country in terms of growth in the industry and service sectors in the last ten years? |
| A. | Gujarat |
| B. | Madhya Pradesh |
| C. | Maharashtra |
| D. | Uttrakhand |
| E. | Tamil Nadu |
| Answer» D. Uttrakhand | |
| 523. |
has become the first state in India to launch RBI‘s e- payment system for commercial tax payers. |
| A. | Karnataka |
| B. | Assam |
| C. | Kerala |
| D. | Tamil Nadu |
| E. | Andhra Pradesh |
| Answer» A. Karnataka | |
| 524. |
is the organization that maintains the borrower‘s history in India. |
| A. | CAMEL |
| B. | CARE |
| C. | CRISIL |
| D. | CIBIL |
| E. | None of these |
| Answer» D. CIBIL | |
| 525. |
Which of the following is not a Public Sector Unit? |
| A. | HPCL |
| B. | HAL |
| C. | SAIL |
| D. | YES Bank |
| E. | IDBI Bank |
| Answer» D. YES Bank | |
| 526. |
Which of the following organizations issue the rules of global trade? |
| A. | Foreign trade |
| B. | G-20 |
| C. | World Trade Organization |
| D. | IMF |
| E. | None of these |
| Answer» C. World Trade Organization | |
| 527. |
Sub Prime lending" is a term applied to the loans made to |
| A. | Those borrows who do not have a good credit history |
| B. | Those who wish to take loan against the mortgage of tangible assets |
| C. | Those who have a good credit history and are known to bank since 10 years |
| D. | Those borrowers who are most preferred customers of the bank |
| E. | None of these |
| Answer» A. Those borrows who do not have a good credit history | |
| 528. |
RBI stipulates a healthy mix of CASA in the business figures of banks. What is CASA? |
| A. | Current Account and saving Account |
| B. | Credit and savings Aggregate |
| C. | Customer Analysis and Savings Pattern |
| D. | Cost Appreciation and selling Analysis |
| E. | None of these |
| Answer» A. Current Account and saving Account | |
| 529. |
In India, Infrastructure Debt Fund can be established as a Trust or a company. Which of the following regulated the Infrastructure Debt Fund set up as a trust? |
| A. | SEBI |
| B. | RBI |
| C. | IRDA |
| D. | Ministry of Corporate Affairs |
| E. | IRDA |
| Answer» A. SEBI | |
| 530. |
Which of the following is necessary while opening deposit accounts in banks? |
| A. | Will |
| B. | Registration |
| C. | Guarantee |
| D. | Nomination |
| E. | None of these |
| Answer» D. Nomination | |
| 531. |
Which bank recently introduced the Software Robotics for power banking operations? |
| A. | ICICI Bank |
| B. | Axis Bank |
| C. | HDFC Bank |
| D. | State Bank of India |
| E. | None of these |
| Answer» A. ICICI Bank | |
| 532. |
Which of the following banks recently launched 'Mingle', a social media banking platform for Facebook and Twitter users? |
| A. | HDFC Bank |
| B. | ICICI Bank |
| C. | Axis Bank |
| D. | SBI |
| E. | Federal Bank |
| Answer» D. SBI | |
| 533. |
Which of the following financial institutions is based in the Basel city of Switzerland? |
| A. | IMF |
| B. | World Bank |
| C. | ADB |
| D. | BIS |
| E. | WTO |
| Answer» D. BIS | |
| 534. |
Who is issuing license to perform insurance business by banks |
| A. | RBI |
| B. | IRDA |
| C. | SEBI |
| D. | Central government |
| E. | LIC |
| Answer» B. IRDA | |
| 535. |
Now a bank can enter in the field of insurance sector. To enter in the field of insurance the minimum net worth of a bank should be |
| A. | Rs 200 Crores |
| B. | Rs 500 Crores |
| C. | Rs 100 Crores |
| D. | Rs 50 Crores |
| E. | No such requirement |
| Answer» B. Rs 500 Crores | |
| 536. |
When banks are undertaking the business of bancassurance, they attract supervision of |
| A. | Central govt. |
| B. | SEBIX |
| C. | RBI |
| D. | IRDAVI |
| E. | None of these |
| Answer» D. IRDAVI | |
| 537. |
The banks included in 2nd schedule of are known as scheduled banks |
| A. | Banking Regulation Act |
| B. | Reserve Bank of India Act |
| C. | Negotiable Instrument Act |
| D. | Banking (Acquisition & Transfer of Properties)Act |
| E. | Banking Companies Act |
| Answer» B. Reserve Bank of India Act | |
| 538. |
The nationalisation of 14 Indian commercial banks, with deposits over and above Rupees 50 Crores, was undertaken by government of India, on |
| A. | 9th June, 1969 |
| B. | 19th July, 1969 |
| C. | 9th July, 1969 |
| D. | 9th June, 1970 |
| E. | 9th July, 1970 |
| Answer» B. 19th July, 1969 | |
| 539. |
After nationalisation of 14 commercial banks, the government of India had nationalised other 6 commercial banks, with deposits over and above Rupees 200 Crores, during |
| A. | April, 1980 |
| B. | April, 1969 |
| C. | April, 1970 |
| D. | May, 1970 |
| E. | July, 1970 |
| Answer» A. April, 1980 | |
| 540. |
On 4th September, 1993. a loss making nationalised bank was merged with Punjab National Bank by government of India. The name of the bank was |
| A. | Lakshmi Was Bank |
| B. | New Bank of India |
| C. | Sangali Bank |
| D. | State Bank of Saurashtra |
| E. | State Bank of Indore |
| Answer» B. New Bank of India | |
| 541. |
Who is holding the share capital of nationalised banks |
| A. | State Bank of India |
| B. | Reserve Bank of India |
| C. | Public |
| D. | Government of India |
| E. | Government of India & Public |
| Answer» E. Government of India & Public | |
| 542. |
is a short term and unsecured promissory notes issued by corporations with very high credit standings: |
| A. | Commercial Paper |
| B. | Cheque |
| C. | Corporate Bond |
| D. | None of The Above |
| E. | DD |
| Answer» A. Commercial Paper | |
| 543. |
CBS stands for: |
| A. | Code Banking Solutions |
| B. | Core Banking Solutions |
| C. | Central Banking Solutions |
| D. | None of The Above |
| E. | Core Bank System |
| Answer» B. Core Banking Solutions | |
| 544. |
Slogan of Corporation Bank is: |
| A. | Working for a better tomorrow |
| B. | Trusted Family Bank |
| C. | Prosperity For All |
| D. | None of The Above |
| E. | Property for all |
| Answer» C. Prosperity For All | |
| 545. |
White Label ATM means: |
| A. | The ATM that does not have any bank logo. |
| B. | The ATM carries logo of RBI |
| C. | Both of Above |
| D. | None of These |
| E. | ATM Carries fund |
| Answer» A. The ATM that does not have any bank logo. | |
| 546. |
Which among the following is correct about the ―White Label ATM‖: |
| A. | Any non bank entity with a minimum net worth of Rs. 100 crore can apply for white label ATMs. (Not Just NBFCs, any non bank entity can apply) |
| B. | White Label ATM does not carry any bank’s logo. |
| C. | RBI has given license/permission to non – bank entities to open White Label ATMs. |
| D. | Sponsor Bank provides the cash. |
| E. | All of the Above |
| Answer» E. All of the Above | |
| 547. |
TCPSL started their White Label ATMs chain under brand name : |
| A. | Easecash |
| B. | Indicash |
| C. | T – Cash |
| D. | None of These |
| E. | E -Cash |
| Answer» B. Indicash | |
| 548. |
Which among the following is correct about Brown Label ATMs: |
| A. | These ATMs are owned and maintained by service provider. |
| B. | Bank whose Brand name is used on ATM takes care of cash management and network connectivity. |
| C. | Both of Above |
| D. | None of These |
| E. | ATM Carries fund |
| Answer» C. Both of Above | |
| 549. |
Which among the following definitions are correct: |
| A. | Online ATMS – These ATMs are connected to the bank’s database at all times and provide real time transactions online. The withdrawal limits and account balances are constantly monitored by the bank. |
| B. | Offline ATMs – These ATMs are not connected to bank’s database hence they have a pre-defined withdrawal limit fixed and you can withdraw that amount irrespective of the balance in your account. |
| C. | Onsite ATM – The ATMs installed within a branch premises |
| D. | All of the Above |
| E. | None of These |
| Answer» D. All of the Above | |
| 550. |
Which among the following definitions of ATMs are incorrect: |
| A. | Onsite ATM – The ATMs installed within a premises. |
| B. | Stand Alone ATM – The ATMs are not connected with any ATM network hence their transactions are restricted to the ATM’s branch and link branches only. |
| C. | Both of Above |
| D. | Online ATMS - These ATMs are connected to the bank’s database at all times and provide real time transactions online. The withdrawal limits and account balances are constantly monitored by the bank. |
| E. | None of These |
| Answer» E. None of These | |
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