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 .
| 101. |
Which of the following banks have become the first banks to join SWIFT‘s global payments initiative? |
| A. | ICICI and HDFC Bank |
| B. | IndusInd Bank and SBI |
| C. | PNB and Federal Bank |
| D. | Axis Bank and ICICI |
| E. | ICICI and SBI |
| Answer» D. Axis Bank and ICICI | |
| 102. |
NBFCs consist of |
| A. | Equipment Leasing Company and Investment Company |
| B. | Hire purchase Finance Company and Mutual Benefit Finance Company |
| C. | all of the above |
| D. | None of the above |
| E. | collection of funds from a larger of investors |
| Answer» D. None of the above | |
| 103. |
Recently, Yeldi Softcom received a licence for RBI to set up which of the following? |
| A. | open wallet |
| B. | semi-closed wallet |
| C. | closed wallet |
| D. | semi-open wallet |
| E. | None of these |
| Answer» B. semi-closed wallet | |
| 104. |
The Kisan Credit Card Scheme is being implemented by all |
| A. | Public Sector Commercial Banks |
| B. | Regional Rural Banks |
| C. | State Cooperative Banks/DCCBs/PACS and Scheduled Primary Cooperative Banks |
| D. | All of the above |
| E. | None of the above |
| Answer» D. All of the above | |
| 105. |
RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms? |
| A. | Syndicate Bank |
| B. | United Bank of India |
| C. | Indian Overseas Bank |
| D. | UCO Bank |
| E. | Vijaya Bank |
| Answer» D. UCO Bank | |
| 106. |
Demand draft is a |
| A. | not negotiable instrument |
| B. | not transferable instrument |
| C. | negotiable instrument |
| D. | Quasi-negotiable instrument |
| E. | none of the above |
| Answer» C. negotiable instrument | |
| 107. |
The Reserve Bank of India imposed how much penalty on Bank of Baroda in the alleged Rs 6000 crore forex related irregularities that came to light in October last year? |
| A. | Rs 5 crore |
| B. | Rs 7 crore |
| C. | Rs 5.5 crore |
| D. | Rs 6.2 crore |
| E. | Rs 6 crore |
| Answer» A. Rs 5 crore | |
| 108. |
By crossing we mean |
| A. | two horizontal lines on a cheque |
| B. | one straight line across the cheque |
| C. | two lines across the cheque making ‘X’ |
| D. | two transverse parallel lines on a cheque |
| E. | none of the above |
| Answer» D. two transverse parallel lines on a cheque | |
| 109. |
Caixa Bank has been headquartered in |
| A. | United Kingdom |
| B. | Spain |
| C. | Singapore |
| D. | South Africa |
| E. | None of these |
| Answer» B. Spain | |
| 110. |
Capital market can be divided into |
| A. | industrial securities market |
| B. | gilt edged market |
| C. | personal securities market |
| D. | both a) and b) |
| E. | none of the above |
| Answer» D. both a) and b) | |
| 111. |
The Headquarters of Capital Local Area Bank is situated in |
| A. | Amritstar, Punjab |
| B. | Ludhiana, Punjab |
| C. | Bathinda, Punjab |
| D. | Jalandhar, Punjab |
| E. | None of these |
| Answer» D. Jalandhar, Punjab | |
| 112. |
What are the facilities available to the customers through ATM |
| A. | Cash withdrawal subject to a predetermined limit per day |
| B. | Cash deposit |
| C. | Balance enquiry |
| D. | details of certain number of transactions |
| E. | all of the above |
| Answer» E. all of the above | |
| 113. |
The following are main objectives of the SEBI |
| A. | to protect interest of investors |
| B. | to promote the development of security market |
| C. | to regulate the security market |
| D. | all of the above |
| E. | none of the above |
| Answer» D. all of the above | |
| 114. |
DBS Bank has been headquartered in |
| A. | United Kingdom |
| B. | Spain |
| C. | Singapore |
| D. | South Africa |
| E. | None of these |
| Answer» C. Singapore | |
| 115. |
To restrict expansion of credit, the Reserve Bank |
| A. | raises the bank rate |
| B. | reduces the bank rate |
| C. | freezes the bank rate |
| D. | none of these |
| E. | all of these |
| Answer» A. raises the bank rate | |
| 116. |
How many types of PSLCs can be issued by the Banks? |
| A. | Four |
| B. | Five |
| C. | Six |
| D. | Eight |
| E. | None of these |
| Answer» A. Four | |
| 117. |
Which of the following is included in bancassurance? |
| A. | Insurance policies issued by the banks in their names |
| B. | Selling by a bank the insurance policies of its ancillary insurance company |
| C. | Selling by a bank the insurance policies of any insurance company |
| D. | All the above |
| E. | None of the above |
| Answer» D. All the above | |
| 118. |
What is the loan limit for education in the country under priority sector? |
| A. | 15 lakh |
| B. | 10 lakh |
| C. | 8 lakh |
| D. | 20 lakh |
| E. | None of these |
| Answer» B. 10 lakh | |
| 119. |
To control inflationary situation in the economy, RBI can increase one or more of these monetary tool? |
| A. | Crr-Slr-Bank Rate |
| B. | Slr-Crr-Base Rate |
| C. | Crr-Slr-Repo Rate |
| D. | Crr-Slr-Reverse Repo Rate |
| E. | Crr-Slr-Benchmarking Plr. |
| Answer» A. Crr-Slr-Bank Rate | |
| 120. |
How many sub-categories are classified under Agriculture sector? |
| A. | Four |
| B. | Five |
| C. | Six |
| D. | Three |
| E. | None |
| Answer» D. Three | |
| 121. |
Which among the following is/are the different type(s) of category under priority sector? |
| A. | Agriculture |
| B. | Micro, Small and Medium Enterprises |
| C. | Export Credit |
| D. | All of the Above |
| E. | None of these |
| Answer» D. All of the Above | |
| 122. |
Which amongst the following is called as mother of deposits? |
| A. | Current account |
| B. | fixed deposit |
| C. | recurring deposit |
| D. | savings bank |
| E. | reinvestment deposit |
| Answer» D. savings bank | |
| 123. |
The Priority Sector Lending Certificates (PSLCs) can be traded using the RBI‘s |
| A. | e-Kuber platform. |
| B. | NEFT |
| C. | RTGS |
| D. | None of the above |
| E. | Cannot be determined |
| Answer» A. e-Kuber platform. | |
| 124. |
When it comes to the following term namely- IPO, what do you mean by ―P‖? |
| A. | Provisions |
| B. | Public |
| C. | Private |
| D. | Prudent |
| E. | Pension |
| Answer» B. Public | |
| 125. |
Loan given by the banks to farmers/small shop owners etc. is known as |
| A. | Corporate loan |
| B. | Business loan |
| C. | Priority Loan |
| D. | Commercial Loan |
| E. | None of the above |
| Answer» C. Priority Loan | |
| 126. |
―Sensitive Index‖ of Bombay Stock Exchange is called |
| A. | Forex |
| B. | MAX |
| C. | LIBOR |
| D. | Sensex |
| E. | None of the above |
| Answer» D. Sensex | |
| 127. |
A Pledge means |
| A. | advanced against goods |
| B. | hypothecation of goods |
| C. | bailment of goods as security for payment of a debt or performance of a promise |
| D. | Open limits |
| E. | none of these |
| Answer» C. bailment of goods as security for payment of a debt or performance of a promise | |
| 128. |
With effect from 1st July 2010, interest rates of Banks are linked to which of the following? |
| A. | Base Rate |
| B. | Benchmark Prime Lending Rate |
| C. | Bank Rate |
| D. | Repo Rate |
| E. | None of the above |
| Answer» A. Base Rate | |
| 129. |
Balance Sheet of a firm indicates which of the following? |
| A. | Profit or Loss over a period. |
| B. | Financial position of the unit over a period. |
| C. | Financial position of the unit as on a particular date. |
| D. | Position of assets and liabilities over a period of time |
| E. | None of the above |
| Answer» C. Financial position of the unit as on a particular date. | |
| 130. |
National Housing Bank(NHB) was set up under |
| A. | National Housing Bank Act, 1987 |
| B. | National Housing Bank Act, 1977 |
| C. | National Housing Bank Act, 1967 |
| D. | National Housing Bank Act, 1957 |
| E. | None of the Above |
| Answer» A. National Housing Bank Act, 1987 | |
| 131. |
What is difference between banks & HFCs? |
| A. | HFCs cannot accept demand deposits |
| B. | It cannot issue cheques drawn on itself |
| C. | deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs |
| D. | All of the Above |
| E. | None of the Above |
| Answer» D. All of the Above | |
| 132. |
―Matryoshka bond‖ is issued by? |
| A. | USA |
| B. | Japan |
| C. | Russia |
| D. | Canada |
| E. | Korea |
| Answer» C. Russia | |
| 133. |
An Indian rupee denominated bond issued outside India is called |
| A. | Yankee bond |
| B. | Bulldog bond |
| C. | Uridashi bond |
| D. | Samurai bond |
| E. | Masala bond |
| Answer» E. Masala bond | |
| 134. |
The safest form of Crossed Cheque is |
| A. | Double Crossing |
| B. | General Crossing |
| C. | Special Crossing |
| D. | Account payee crossing |
| E. | None of the Above |
| Answer» D. Account payee crossing | |
| 135. |
RBI was established on . |
| A. | April 1, 1925 |
| B. | April 1, 1935 |
| C. | April 1, 1945 |
| D. | April 1, 1955 |
| E. | None of these |
| Answer» B. April 1, 1935 | |
| 136. |
On 19th July 1969, 14 banks were nationalized, these banks had deposits of more than |
| A. | Rs 25 crore |
| B. | Rs 50 crore |
| C. | Rs 85 crore |
| D. | Rs 100 crore |
| E. | none of these |
| Answer» B. Rs 50 crore | |
| Explanation: On July 19, 1969, 14 banks in India with deposits of more than Rs. 50 crore were nationalized. This action, known as the "Second Amendment of the Banking Regulation Act," was taken by the government of India in order to expand access to banking services in the country and to provide better financial support to priority sectors such as agriculture, small-scale industries, and exports. The nationalization of these banks marked a significant shift in the Indian banking sector, as it increased the government's role in the industry and led to the creation of a number of state-owned banks. | |
| 137. |
What is macro-economics? |
| A. | macro economics deals with economic activities of the level of an economy as a whole |
| B. | it deals with only a segment of an economy |
| C. | it deals with both a) and b) |
| D. | none of these |
| E. | All of the above |
| Answer» A. macro economics deals with economic activities of the level of an economy as a whole | |
| 138. |
Factoring is |
| A. | a means of financing traders and manufactures by taking over their receivables |
| B. | a means of providing post-shipment finance to exporters |
| C. | a type of agriculture financing |
| D. | None |
| E. | All |
| Answer» A. a means of financing traders and manufactures by taking over their receivables | |
| 139. |
Which of the following banks was first to establish merchant banking business in India? |
| A. | ABN Amro Bank |
| B. | Citibank |
| C. | HDFC Bank |
| D. | Standard chartered |
| E. | Grindlays Bank |
| Answer» E. Grindlays Bank | |
| 140. |
Who can open various types of non-resident accounts? |
| A. | Persons of Indian Nationality or person of Indian origin residing outside India |
| B. | Persons of foreign nationality or origin residing outside India |
| C. | Firms, companies and other organization resident outside India |
| D. | all |
| E. | none |
| Answer» D. all | |
| 141. |
Free Trade Refers to |
| A. | Free movement of Goods from one country to other. |
| B. | Movement of Goods from one Country to another free of cost. |
| C. | Unrestricted exchange of Goods and Services. |
| D. | Tool free of Duty |
| E. | None of these |
| Answer» C. Unrestricted exchange of Goods and Services. | |
| 142. |
FCNR (banks) accounts are maintained in the form of |
| A. | saving accounts |
| B. | Current accounts |
| C. | Term deposits (except recurring deposits) |
| D. | all |
| E. | none |
| Answer» C. Term deposits (except recurring deposits) | |
| 143. |
Under which act does RBI issue directives to banks? |
| A. | PMLA Act, 2002 |
| B. | RBI Act, 1934 |
| C. | DICGC Act, 1961 |
| D. | Banking Regulation Act, 1949 |
| E. | None of these |
| Answer» D. Banking Regulation Act, 1949 | |
| 144. |
GATT stands for: |
| A. | General Agreement on Tariffs, Tradition and Trade |
| B. | General Agreement on Tradition and Trade |
| C. | General Agreement on Tariffs and Trade |
| D. | None of The Above |
| E. | None of these |
| Answer» C. General Agreement on Tariffs and Trade | |
| 145. |
Inventor of ATM was: |
| A. | Ian Luther Steward |
| B. | David Block |
| C. | John Adrian Shepherd Barron (A British) |
| D. | David Adrian |
| E. | None of These |
| Answer» C. John Adrian Shepherd Barron (A British) | |
| 146. |
The trading regulations of GATT were established between and : |
| A. | 1947 and 1994 |
| B. | 1947 and 1995 |
| C. | 1946 and 1996 |
| D. | 1947 and 1996 |
| E. | None of These |
| Answer» A. 1947 and 1994 | |
| 147. |
Slogan of Allahabad Bank is: |
| A. | Together We Prosper |
| B. | A Tradition of Trust |
| C. | A Long Tradition of Trust |
| D. | All the above |
| E. | None of These |
| Answer» B. A Tradition of Trust | |
| 148. |
Syndicate Bank was established in in Udupi: |
| A. | 1926 |
| B. | 1900 |
| C. | 1925 |
| D. | 1924 |
| E. | None of These |
| Answer» C. 1925 | |
| 149. |
United Bank of India Limited was formed in 1950 with the amalgamation of: |
| A. | Comilla Banking Corporation Limited (1914) |
| B. | Begal Central Bank Limited (1918) |
| C. | Comilla Union Bank Limited (1922) |
| D. | Hooghly Bank Limited (1932) |
| E. | All of The Above |
| Answer» E. All of The Above | |
| 150. |
Vijaya Bank is a sized Public Sector Bank with presence across India: |
| A. | Medium Sized |
| B. | Large Sized |
| C. | Small Sized |
| D. | None of The Above |
| E. | None of These |
| Answer» A. Medium Sized | |
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