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 .
| 551. |
Which of the following is not classified as a commercial Bank ? |
| A. | Regional Rural Bank |
| B. | Private Sector Bank |
| C. | Foreign Bank |
| D. | Co-operative Bank |
| E. | None of these |
| Answer» D. Co-operative Bank | |
| 552. |
Which among the following is a qualitative tool of monetary policy? |
| A. | Bank Rate |
| B. | Credit Ceiling |
| C. | Credit rationing |
| D. | Cash Reserve Ratio |
| E. | Repo Rate |
| Answer» C. Credit rationing | |
| 553. |
From time – to – time, which among the following body publishes the ―exchange control Manual‖ in context with the foreign exchange in India? |
| A. | foreign trade promotion board |
| B. | department of commerce |
| C. | reserve bank of India |
| D. | SEBI |
| E. | None of the above |
| Answer» C. reserve bank of India | |
| 554. |
Which bank has launched the country‘s first contactless debit and credit cards on 7 January 2015? |
| A. | HDFC |
| B. | SBI |
| C. | ICICI |
| D. | Union Bank of India |
| E. | Yes Bank |
| Answer» C. ICICI | |
| 555. |
In recent times, the term Gold ETF was making news. Which among the following closest instrument to Gold ETF? |
| A. | Debenture |
| B. | G-Sec security |
| C. | Mutual Fund |
| D. | Commercial Paper |
| E. | IPO |
| Answer» C. Mutual Fund | |
| 556. |
Which is the first bank to get ISO certificate? |
| A. | Corporation Bank |
| B. | UBI |
| C. | Canara Bank |
| D. | Syndicate Bank |
| E. | ICICI |
| Answer» C. Canara Bank | |
| 557. |
Which of the following is the best option to park money for a long period of time to earn a high rate of interest? |
| A. | Savings account |
| B. | Current account |
| C. | Deposit account |
| D. | Recurring account |
| E. | None of these |
| Answer» C. Deposit account | |
| 558. |
Which of the following bank has recently launched a new home loan product ―Women Power‖ with a differential rate of interest exclusively for women customers? |
| A. | ICICI Bank |
| B. | HDFC Bank |
| C. | IDBI Bank |
| D. | SBI |
| E. | None of these |
| Answer» B. HDFC Bank | |
| 559. |
What do well can an arrangement whereby an issuing bank at the request of the importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents? |
| A. | bill of exchange |
| B. | letter of exchange |
| C. | letter of credit |
| D. | bill of country |
| E. | None of these |
| Answer» C. letter of credit | |
| 560. |
Which of the following is not a primary function of a Bank? |
| A. | Granting Loans |
| B. | Collecting Cheques/Drafts customers |
| C. | Facilitating import of goods |
| D. | Issuing Bank Drafts |
| E. | Selling Gold/Silver Coins |
| Answer» C. Facilitating import of goods | |
| 561. |
Among the banks in our country, which of the following is not a foreign bank? |
| A. | HSBC |
| B. | Standard Chartered Bank |
| C. | BNP Paribas |
| D. | Citi Bank Na |
| E. | Ing Vysya Bank |
| Answer» E. Ing Vysya Bank | |
| 562. |
Which among the following body authorizes the credit limit to the national cooperative marketing federation? |
| A. | reserve bank of India |
| B. | department of agriculture |
| C. | NABARD |
| D. | department of finance |
| E. | None of these |
| Answer» C. NABARD | |
| 563. |
The headquarters of local boards of RBI are located at : |
| A. | Mumbai, Kolkata, Chennai and New Delhi |
| B. | Mumbai, Jaipur, Chennai and Mysore |
| C. | Mumbai, Ahmedabad, Chennai and New Delhi |
| D. | Mumbai, Ahmedabad, Jaipur and New Delhi |
| E. | None of these |
| Answer» A. Mumbai, Kolkata, Chennai and New Delhi | |
| 564. |
Which among the following is NOT a pillar of Basel III? |
| A. | Minimum capital standards |
| B. | Supervisory review |
| C. | Market discipline |
| D. | Consolidation of assets |
| E. | None of the above |
| Answer» D. Consolidation of assets | |
| 565. |
Budget is an instrument of |
| A. | Commercial policy of the government |
| B. | Fiscal policy of the Government |
| C. | Monetary policy of the government |
| D. | Money-saving policy of the government |
| E. | None of these |
| Answer» B. Fiscal policy of the Government | |
| 566. |
Kisan Credit Card (KCC) scheme introduced in ……………… has emerged as an innovative credit delivery mechanism to meet the credit requirements of the farmers in a timely and hassle – free manner. |
| A. | 1998 |
| B. | 2000 |
| C. | 2001 |
| D. | 1991 |
| E. | 2004 |
| Answer» A. 1998 | |
| 567. |
Which of the following is a Private Sector Bank in India? |
| A. | Corporation Bank |
| B. | Kotak Mahindra Bank |
| C. | IDBI Bank |
| D. | Syndicate Bank |
| E. | Oriental Bank of Commerce |
| Answer» B. Kotak Mahindra Bank | |
| 568. |
Why reserve bank of India is called custodian of foreign balances of the country? |
| A. | because government delegates RBI to redistribute the foreign currencies in India |
| B. | because RBI maintains both gold and foreign currencies as reserves against note issues |
| C. | because RBI is delegated by the Government to absorb all the foreign currency in India |
| D. | b and c |
| E. | None of the above |
| Answer» B. because RBI maintains both gold and foreign currencies as reserves against note issues | |
| 569. |
If the customer can do all transactions only in a branch and the branch has no online access, it is called . |
| A. | Online Banking |
| B. | Internet Banking |
| C. | Virtual Banking |
| D. | Brick and Mortar Banking |
| E. | None of these |
| Answer» D. Brick and Mortar Banking | |
| 570. |
Which of the following measures will have positive impact on Inflation? (1). Reduction in unnecessary expenditure of (2). Increase in savings of the people (3). Surplus (4). Halt in repayment of public debt and Select the correct codes |
| A. | 1, 2 and 4 |
| B. | 2, 3 and 4 |
| C. | 1, 3 and 4 |
| D. | All of the above |
| E. | None of the above |
| Answer» D. All of the above | |
| 571. |
In respect of partnership business, LLP stands for ? |
| A. | Limited Liability Partnership |
| B. | Limited Loan Partnership |
| C. | Local Labour Promotion |
| D. | Low Labour Projects |
| E. | None of these |
| Answer» A. Limited Liability Partnership | |
| 572. |
When did the nationalisation of major banks happen? |
| A. | June, 1951 |
| B. | June, 1961 |
| C. | June, 1969 |
| D. | July, 1969 |
| E. | None of these |
| Answer» D. July, 1969 | |
| 573. |
Interest payable on savings bank accounts is? |
| A. | Regulated by Central Govt |
| B. | Regulated by RBI |
| C. | Regulated by Finance Minister |
| D. | De-regulated by RBI |
| E. | None of these |
| Answer» D. De-regulated by RBI | |
| 574. |
Banking services delivered to a customer by means of a computer control system that does not directly involve banks branch is called? |
| A. | Brick & Mortal banking |
| B. | Virtual banking |
| C. | Universal banking |
| D. | All of the above |
| E. | None of these |
| Answer» B. Virtual banking | |
| 575. |
account records the change in stock of reserve assets (also known as foreign exchange reserves) at the country‘s monetary authority. |
| A. | Reserve |
| B. | Demat |
| C. | Bank |
| D. | Stock |
| E. | None of these |
| Answer» A. Reserve | |
| 576. |
Which of the following is NOT a retail banking product? |
| A. | Fixed deposit account |
| B. | Working capital finance |
| C. | Personal loan |
| D. | Housing loan |
| E. | Educational loan |
| Answer» B. Working capital finance | |
| 577. |
is defined as a sustained increase in the general level of prices for goods and services. |
| A. | Deflation |
| B. | WPI |
| C. | Inflation |
| D. | CPI |
| E. | None of these |
| Answer» C. Inflation | |
| 578. |
RBI was established on ? |
| A. | April 21st,1940 |
| B. | April 20st,1943 |
| C. | April 22nd,1947 |
| D. | April 1st,1935 |
| E. | None of these |
| Answer» D. April 1st,1935 | |
| 579. |
referring to the purchase of assets in the rest of the world, which allows control over that assets. |
| A. | Commercial Borrowings |
| B. | Foreign Indirect Investment |
| C. | Portfolio Investment |
| D. | Foreign Direct Investment |
| E. | None of these |
| Answer» D. Foreign Direct Investment | |
| 580. |
Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks? |
| A. | LIC |
| B. | SIDBI |
| C. | NABARD |
| D. | SBI |
| E. | Other than those given as options |
| Answer» D. SBI | |
| 581. |
Which of the following is NOT a KYC requirement while opening a bank account? |
| A. | A proof of identity |
| B. | A proof of address |
| C. | A proof of income |
| D. | A recent photograph |
| E. | None of these |
| Answer» C. A proof of income | |
| 582. |
The term SMART MONEY refers to: |
| A. | Traveller's Cheque |
| B. | Internet Banking |
| C. | Credit Cards |
| D. | All of the above |
| E. | None of These |
| Answer» C. Credit Cards | |
| 583. |
Commercial banks provide locker facility to their customer for . |
| A. | Satisfying the Bank’s jewellry and gold needs. |
| B. | Filing important documents |
| C. | Safe custody |
| D. | Storing excess gold and valuables of banks |
| E. | None of these |
| Answer» C. Safe custody | |
| 584. |
ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with |
| A. | Capital Market |
| B. | Loans |
| C. | World Bank Grants |
| D. | Ponzi Schemes |
| E. | None of these |
| Answer» A. Capital Market | |
| 585. |
The excess of total expenditures over total receipts is known as: |
| A. | Fiscal Deficit |
| B. | Revenue Deficit |
| C. | Budget Deficit |
| D. | Both b) and c) |
| E. | None of These |
| Answer» C. Budget Deficit | |
| 586. |
Who invented the first operational ATM ? |
| A. | John Conner |
| B. | John Smith Adam |
| C. | Adam Carter |
| D. | John Shepherd Barron |
| E. | John Sayer |
| Answer» D. John Shepherd Barron | |
| 587. |
A money deposited in a bank that cannot be withdrawn for a preset fixed period of time is known as: |
| A. | Checking Account |
| B. | Term Deposit |
| C. | No Frills Account |
| D. | All of the above |
| E. | None of These |
| Answer» B. Term Deposit | |
| 588. |
FEMA 1999 stands for . |
| A. | Foreign Economy Management Act 1999 |
| B. | Foreign External Management Act 1999 |
| C. | Foreign Exchange Management Act 1999 |
| D. | Financial Exchange Management Act 1999 |
| E. | None of these |
| Answer» C. Foreign Exchange Management Act 1999 | |
| 589. |
Regional Rural Banks were established in the year |
| A. | 1985 |
| B. | 1948 |
| C. | 1975 |
| D. | 1995 |
| E. | 1994 |
| Answer» C. 1975 | |
| 590. |
‗Trusted Family Bank‘ – is the tagline of – |
| A. | Dena Bank |
| B. | Corporation Bank |
| C. | Central Bank of India |
| D. | Oriental Bank of Commerce |
| E. | None of these |
| Answer» A. Dena Bank | |
| 591. |
Foreign Direct Investment limit in private sector banks is? |
| A. | 75 percent |
| B. | 74 percent |
| C. | 77 percent |
| D. | 78 percent |
| E. | None of these |
| Answer» B. 74 percent | |
| 592. |
CRISIL has been promoted by and ? |
| A. | ICICI, UTI |
| B. | IDBI, SBI |
| C. | AXIS, UTI |
| D. | PNB, SBI |
| E. | None of these |
| Answer» A. ICICI, UTI | |
| 593. |
Which is the first Committee that gave its recommendations relating to Mechanization of Banking System? |
| A. | Saraf Committee |
| B. | Rangarajan Committee |
| C. | Kishore Committee |
| D. | Narsimhan Committee |
| E. | None of these |
| Answer» B. Rangarajan Committee | |
| 594. |
The decimal system of note and coin issue was started in India in _. |
| A. | 1950 |
| B. | 1947 |
| C. | 1957 |
| D. | 1960 |
| E. | None of these |
| Answer» C. 1957 | |
| 595. |
The term is defined as a central location for keeping securities on deposit? |
| A. | Depository |
| B. | Instrument |
| C. | Institutions |
| D. | All of the above |
| E. | None of the above |
| Answer» A. Depository | |
| 596. |
The number of lead merchant bankers may not exceed in case any issue of, issue size 200crore to 400crore? |
| A. | 4 |
| B. | 3 |
| C. | 6 |
| D. | 5 |
| E. | None of these |
| Answer» D. 5 | |
| 597. |
Role of merchant bankers——–? |
| A. | Mobilization of funds |
| B. | Promotional function |
| C. | Innovation |
| D. | All of these |
| E. | None of these |
| Answer» D. All of these | |
| 598. |
In which circumstance Dear money policy will be adopted by Reserve Bank of India? |
| A. | Inflation |
| B. | inflatable |
| C. | disinflation |
| D. | Ostentation |
| E. | none of these |
| Answer» A. Inflation | |
| 599. |
Which of the following is not a primary function of a Bank? |
| A. | Granting Loans |
| B. | Collecting Cheques/Drafts customers |
| C. | Facilitating import of goods |
| D. | Issuing Bank Drafts |
| E. | None of these |
| Answer» A. Granting Loans | |
| 600. |
Reserves which can act as a liquidity buffer for commercial banks during crisis times are |
| A. | CAR |
| B. | SLR |
| C. | CAR and CRR |
| D. | CRR and SLR |
| E. | None of these |
| Answer» B. SLR | |
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