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 .
| 51. |
What is the full form of FCCB? |
| A. | Foreign Currency convertible Bond |
| B. | Foreign Currency credit Bond |
| C. | Financial Consortium and Credit Bureau |
| D. | Future Credit and Currency Bureau |
| E. | None of the Above |
| Answer» A. Foreign Currency convertible Bond | |
| 52. |
Which of the following institutions is responsible for the supervision of RRBs? |
| A. | RBI |
| B. | SEBI |
| C. | NABARD |
| D. | GOI |
| E. | Both (a) and (c) |
| Answer» E. Both (a) and (c) | |
| 53. |
RBS Bank has been headquartered in |
| A. | Glasgow, United Kingdom |
| B. | Edinburgh, United Kingdom |
| C. | Skye, United Kingdom |
| D. | Aberdeen, United Kingdom |
| E. | None of these |
| Answer» B. Edinburgh, United Kingdom | |
| 54. |
National Housing Bank (NHB), a wholly owned subsidiary of |
| A. | RBI |
| B. | Government Of India |
| C. | IRDAI |
| D. | State Government |
| E. | None of these |
| Answer» A. RBI | |
| 55. |
In India Mutual Funds are regulated by . |
| A. | Securities and Exchange Board of India |
| B. | Reserve Bank of India |
| C. | State Bank of India |
| D. | Small Industrial Development Bank of India |
| E. | None of these |
| Answer» A. Securities and Exchange Board of India | |
| 56. |
KYC Compliance is done to . |
| A. | Identify a person |
| B. | To know the address of a person |
| C. | To ensure the genuineness the person‟s identity as mentioned in the application and to verify the correctness of address |
| D. | Concern state government |
| E. | None of these |
| Answer» C. To ensure the genuineness the person‟s identity as mentioned in the application and to verify the correctness of address | |
| 57. |
MICR stands for . |
| A. | Magnetic Ink Character Recognition |
| B. | Maximum Individual Cancer Risk |
| C. | Michigan Incident Crime Reporting |
| D. | Magnetic Ink Check Reader |
| E. | None of these |
| Answer» A. Magnetic Ink Character Recognition | |
| 58. |
Open Money Market is a place for selling and buying of financial instrument by . |
| A. | All financial institutions |
| B. | Only by Commercial Banks |
| C. | Only by Common Banks |
| D. | Indian Government |
| E. | None of the above |
| Answer» A. All financial institutions | |
| 59. |
Which of the following is the first commercial bank to launch mutual fund? |
| A. | State Bank of India |
| B. | Canara Bank |
| C. | PNB |
| D. | Bank of India |
| E. | None of these |
| Answer» A. State Bank of India | |
| 60. |
Who can invest in a commercial paper? |
| A. | Individuals |
| B. | Banking Companies |
| C. | Corporate bodies registered or incorporated in India and unincorporated bodies, Non- Resident Indians (NRIs) and Foreign Institutional Investors (FIIs) |
| D. | All of the above |
| E. | None of these |
| Answer» D. All of the above | |
| 61. |
The committee on Banking Regulations and Supervisory Practices which released the agreed frame work on international convergence of capital measures and capital standards in July 1988 is popularly known as . |
| A. | Vaz Committee |
| B. | Cooks Committee |
| C. | Basel Committee |
| D. | Rao Committee |
| E. | None of these |
| Answer» C. Basel Committee | |
| 62. |
Which is the first Public Sector Bank to issue capital to public? |
| A. | Indian Overseas Bank |
| B. | Syndicate Bank |
| C. | Oriental Bank of Commerce |
| D. | Punjab National Bank |
| E. | None of these |
| Answer» C. Oriental Bank of Commerce | |
| 63. |
Which of the following rates is not decided by the RBI? |
| A. | Bank Rate |
| B. | Repo Rate |
| C. | Reverse Repo Rate |
| D. | Prime Lending Rate |
| E. | None of these |
| Answer» D. Prime Lending Rate | |
| 64. |
Which of following is NOT a function of the Reserve Bank of India? |
| A. | Fiscal Policy Functions |
| B. | Exchange Control Functions |
| C. | Issuance, Exchange and destruction of currency notes |
| D. | Monetary Authority Functions |
| E. | Supervisory and Control Functions |
| Answer» A. Fiscal Policy Functions | |
| 65. |
With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country |
| A. | Will |
| B. | Registration |
| C. | Nomination |
| D. | Indemnity |
| E. | Guarantee |
| Answer» C. Nomination | |
| 66. |
Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of . |
| A. | Minors |
| B. | Married women |
| C. | Senior citizens |
| D. | Govt. employees |
| E. | Rural residents |
| Answer» C. Senior citizens | |
| 67. |
On which one of the following issues IMF has supported monetary policy of India? |
| A. | Introduction of GST. |
| B. | Stimulus for agriculture sector |
| C. | Concessions for foreign investment |
| D. | Tightening of monetary policy |
| E. | None of these |
| Answer» D. Tightening of monetary policy | |
| 68. |
In the term STRIPS, the first letter ―S‟ denotes |
| A. | Single |
| B. | Small |
| C. | Special |
| D. | Savings |
| E. | Separate |
| Answer» E. Separate | |
| 69. |
When the loan is granted for purchase of white goods it is called . |
| A. | Consumption loan |
| B. | White goods loan |
| C. | Consumer durable loan |
| D. | Business loan |
| E. | Proprietary loan |
| Answer» C. Consumer durable loan | |
| 70. |
Structure of Basel II is based on how many pillars? |
| A. | Two |
| B. | Ten |
| C. | Four |
| D. | Five |
| E. | Three |
| Answer» E. Three | |
| 71. |
Which of the following organization / agencies has established a fund known as Investor Protection Fund? |
| A. | RBI |
| B. | SIDBI |
| C. | Bombay Stock Exchange |
| D. | Ministry of Finance |
| E. | Ministry of Commerce & Industry |
| Answer» C. Bombay Stock Exchange | |
| 72. |
The CRR and SLR maintenance is on the |
| A. | NDTL |
| B. | DTL |
| C. | Total Deposits |
| D. | CASA |
| E. | None of these |
| Answer» A. NDTL | |
| 73. |
Which of the following is the most liquid money? |
| A. | M1 |
| B. | M2 |
| C. | Securities |
| D. | M3 |
| E. | Call Money |
| Answer» A. M1 | |
| 74. |
Who decides the value and volume of bank notes to be printed and on what basis? |
| A. | Finance Ministry |
| B. | Planning Commission |
| C. | RBI |
| D. | Stock Exchange |
| E. | None of these |
| Answer» C. RBI | |
| 75. |
The largest number of commercial banks offices are located in? 84). What is the purpose of KYC in banking? |
| A. | It is used for customer identification |
| B. | It is used for increasing the CRR of banks |
| C. | It is used against money laundering |
| D. | It is used by the central bank to control liquidity |
| E. | Both (a) and (c) |
| Answer» E. Both (a) and (c) | |
| 76. |
Which of the following is not a member of the World Bank Group? |
| A. | International Bank of Reconstruction and Development |
| B. | International Development Association |
| C. | Bank of International Settlement |
| D. | International Finance Corporation |
| E. | None of these |
| Answer» C. Bank of International Settlement | |
| 77. |
Which of the following types of cards is free from credit risk? |
| A. | Credit card |
| B. | Debit card |
| C. | Prepaid cards |
| D. | Charge cards |
| E. | Both (c) and (d) |
| Answer» B. Debit card | |
| 78. |
Pledge means? |
| A. | advance against goods |
| B. | open working capital limits |
| C. | bailment of goods as security for payment of a debt or performance of a promise |
| D. | all of the above |
| E. | none of these |
| Answer» C. bailment of goods as security for payment of a debt or performance of a promise | |
| 79. |
Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in india? |
| A. | Consumer price index |
| B. | Wholesale price index |
| C. | Personal consumption expenditures price index |
| D. | GDP Deflator |
| E. | All of the above |
| Answer» B. Wholesale price index | |
| 80. |
A financial contract that derives its value from another asset or an index of asset values in known as |
| A. | Insurance policy |
| B. | Security |
| C. | Derivative |
| D. | Share |
| E. | None of the above |
| Answer» C. Derivative | |
| 81. |
Which of the following co-operative banks is considered as the first Co-operative Bank in India? |
| A. | Amanath Co-operative Bank Ltd |
| B. | Anyonya Co-operative Bank |
| C. | Greater Bombay Co-operative Bank Ltd |
| D. | Abhyudaya Co-operative Bank Ltd |
| E. | None of these |
| Answer» B. Anyonya Co-operative Bank | |
| 82. |
In India Agricultural Co-operative Banks was started at . |
| A. | 1929 |
| B. | 1950 |
| C. | 1904 |
| D. | 1980 |
| E. | 1975 |
| Answer» C. 1904 | |
| 83. |
According to the Sarraya Committee, average membership of the society‟s is . |
| A. | 19 |
| B. | 48 |
| C. | 25 |
| D. | 32 |
| E. | 45 |
| Answer» D. 32 | |
| 84. |
Monetary Policy as an arm of the economic policy is administered by . |
| A. | Prime Minister of India |
| B. | Government of India |
| C. | State Bank of India |
| D. | Reserve Bank of India |
| E. | None of these |
| Answer» D. Reserve Bank of India | |
| 85. |
Co-Operative Development Bank was set up by . |
| A. | NABARD |
| B. | RBI |
| C. | SBI |
| D. | Central Government |
| E. | State Government |
| Answer» A. NABARD | |
| 86. |
Co-Operative Banks in India do not finance rural areas under . |
| A. | Personal Finance |
| B. | Small Scale Unit |
| C. | Farming |
| D. | Cattle |
| E. | None of these |
| Answer» B. Small Scale Unit | |
| 87. |
Co-Operative Bank in India has a . |
| A. | Four tier system |
| B. | Two tier system |
| C. | Three tier system |
| D. | Five tier system |
| E. | Six tier system |
| Answer» C. Three tier system | |
| 88. |
RBI known as lender of last restore because: |
| A. | It has to meet the credit need to citizens to whom no one else is willing to lend |
| B. | Banks lend to go to RBI as a last restore |
| C. | It comes to help banks in times of crisis |
| D. | All of the above |
| E. | None of these |
| Answer» C. It comes to help banks in times of crisis | |
| 89. |
The seed capital of Bharatiya Mahila Bank is |
| A. | Rs.5000 crore |
| B. | Rs.1000 crore |
| C. | Rs.500 crore |
| D. | Rs.100 crore |
| E. | None of the above |
| Answer» B. Rs.1000 crore | |
| 90. |
Which is incorrect with regard to powers of RBI: |
| A. | Holds cash reserve banks |
| B. | Controls banking system through licensing |
| C. | Supervises Banking system through inspection |
| D. | None of the above |
| E. | All of the above |
| Answer» D. None of the above | |
| 91. |
Which of the following is an investment advisory discipline? |
| A. | Corporate Industrial Finance |
| B. | Offshare Banking |
| C. | Wholesale Banking |
| D. | Wealth Management |
| E. | Trade Finance |
| Answer» D. Wealth Management | |
| 92. |
When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as: |
| A. | Term Deposit |
| B. | Demand Deposit |
| C. | Bond |
| D. | Mortgage |
| E. | Advance |
| Answer» A. Term Deposit | |
| 93. |
When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called |
| A. | Revenue Deficit |
| B. | Budgetary Deficit |
| C. | Zero Budgeting |
| D. | Trade Gap |
| E. | Balance of Payment Problem |
| Answer» B. Budgetary Deficit | |
| 94. |
Which of the following is not the name of a bank functioning in India? |
| A. | Central Bank of India |
| B. | UCO Bank |
| C. | Aegon Religare |
| D. | Dena Bank |
| E. | ICICI Bank |
| Answer» C. Aegon Religare | |
| 95. |
Lack of access to financial services is technically known as |
| A. | Financial Instability |
| B. | Financial Stability |
| C. | Financial Inclusion |
| D. | Financial Exclusion |
| E. | Poverty |
| Answer» D. Financial Exclusion | |
| 96. |
Which of the following can be categories as a Merchant Banking service? |
| A. | Consultancy on finance to a company |
| B. | Advance in capital structure |
| C. | Managing mergers |
| D. | Helping in finalizing take over |
| E. | All the above |
| Answer» E. All the above | |
| 97. |
What is the maturity period for senior citizen savings scheme? |
| A. | 3 years |
| B. | 5 years |
| C. | 2 years |
| D. | 7 years |
| E. | 4 years |
| Answer» B. 5 years | |
| 98. |
Crossing denotes |
| A. | that the cheque will not be paid across the counter but will be credited to the account of the holder |
| B. | that the cheque cannot be transferred by the payee named therein |
| C. | that the cheque will be paid through clearing only |
| D. | a direction to the paying bank to make payment of the cheque through a bank |
| E. | none of the above |
| Answer» D. a direction to the paying bank to make payment of the cheque through a bank | |
| 99. |
Which of the following private banks has signed an agreement with Reliance Jio Money for One-Click payment service ? |
| A. | Laxmi Vilas Bank |
| B. | Federal Bank |
| C. | South Indian Bank |
| D. | Karnataka Bank |
| E. | Karur Vysya Bank |
| Answer» B. Federal Bank | |
| 100. |
Who is primarily liable on a cheque? |
| A. | Drawee banker |
| B. | Drawer |
| C. | Payee |
| D. | Collecting banker |
| E. | None of these |
| Answer» B. Drawer | |
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