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 .
| 151. |
On the basis of which commission was RBI established? |
| A. | Hilton Young Commission |
| B. | British Commission |
| C. | Federal Commission |
| D. | Federation Commission |
| E. | None of these |
| Answer» A. Hilton Young Commission | |
| 152. |
Expand LIBOR? |
| A. | London Inter Bank Offered Rate |
| B. | London Inter Bank Official Rate |
| C. | London Inter Bank Offered Ratio |
| D. | London International Bank Offered Rate |
| E. | None of these |
| Answer» A. London Inter Bank Offered Rate | |
| 153. |
Through which of the following sources domestic funds are raised by companies? |
| A. | IPO only |
| B. | FPO only |
| C. | Commercial papers only |
| D. | Both IPO and FPO |
| E. | All IPO, FPO and commercial papers |
| Answer» A. IPO only | |
| 154. |
In India, which among the following is/are a part of Legal Tender Money? |
| A. | Both coins and currency notes |
| B. | Both coins and bank drafts |
| C. | Both currency notes and SDRs |
| D. | Only currency notes issued by RBI |
| E. | None of these |
| Answer» A. Both coins and currency notes | |
| 155. |
When was IDBI delinked from the RBI and taken over by Government of India? |
| A. | 1976 |
| B. | 1977 |
| C. | 1978 |
| D. | 1980 |
| E. | None of these |
| Answer» A. 1976 | |
| 156. |
Which among the following is correct? |
| A. | Money market provides long term source of finance |
| B. | Recession in the industrial sector in India is normally due to a fall in exports |
| C. | Ways and means advances given by RBI |
| D. | Exchange rate is fixed by RBI |
| E. | None of these |
| Answer» C. Ways and means advances given by RBI | |
| 157. |
Who was the first Indian Governor of RBI? |
| A. | Yash Pal Singh |
| B. | Hemant Rao |
| C. | CD Deshmukh |
| D. | Jaipal Singh |
| E. | None of these |
| Answer» C. CD Deshmukh | |
| 158. |
KYC‘ (Know Your Customer) norms were implemented in the Indian banking system in 2002 as per the directive of ? |
| A. | SEBI |
| B. | RBI |
| C. | IBA |
| D. | IRDA |
| E. | None of these |
| Answer» B. RBI | |
| 159. |
Expand CRAR in terms of banking sector. |
| A. | Capital- to- Return Asset Ratio |
| B. | Capital –to-Risk Asset Ratio |
| C. | Capital –to-Risk Asset Range |
| D. | Core Risk Asset Return |
| E. | None of these |
| Answer» B. Capital –to-Risk Asset Ratio | |
| 160. |
One rupee notes and coins are issued by |
| A. | Reserve bank of India |
| B. | State Bank of India on behalf of Government of India |
| C. | RBI |
| D. | Finance Minister of Central government of India |
| E. | None of the above |
| Answer» D. Finance Minister of Central government of India | |
| 161. |
What does ‗Kite Flying‘ refers to in the banking terminology? |
| A. | The practice of depositing and withdrawing frequently in a bank account. |
| B. | Opening of multiple accounts with different names by any individual |
| C. | Doing unauthorised business |
| D. | Permitting drawls against uncleared cheques |
| E. | None of these |
| Answer» D. Permitting drawls against uncleared cheques | |
| 162. |
Which of the following banks is not wholly owned by the Government of India? |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | Punjab and Sind Bank |
| D. | Central Bank of India |
| E. | None of these |
| Answer» B. State Bank of India | |
| 163. |
Which of the following would fall under the category of retail banking? |
| A. | Home Loans |
| B. | Credit Cards |
| C. | Personal Loans |
| D. | Car Loans |
| E. | All of these |
| Answer» E. All of these | |
| 164. |
‗Swabhiman‘, the financial inclusion scheme, comes under the purview of which ministry? |
| A. | Ministry of Commerce |
| B. | Ministry of Home Affairs |
| C. | Ministry of Finance |
| D. | Ministry of External Affairs |
| E. | None of these |
| Answer» C. Ministry of Finance | |
| 165. |
Under which of the following type of account is a specified amount deposited every month for a specified period, says, 12, 24, 36 and 60 months? |
| A. | Fixed Deposit Account |
| B. | Saving Bank Account |
| C. | Current account |
| D. | Recurring Account |
| E. | None of these |
| Answer» D. Recurring Account | |
| 166. |
How Commercial banks can regulate money supply? |
| A. | Printing of one rupee notes |
| B. | Augmentation of savings and time deposits |
| C. | Provision of high denomination notes |
| D. | Creation of demand deposits |
| E. | None of the above |
| Answer» D. Creation of demand deposits | |
| 167. |
Credit is a |
| A. | Stock concept |
| B. | Flow concept |
| C. | A stock-flow concept |
| D. | A holding concept |
| E. | None of these |
| Answer» C. A stock-flow concept | |
| 168. |
The term ―HNI‖ used in banking parlance means ? |
| A. | Highly Negative Individual |
| B. | High Net-worth Individual |
| C. | High Networked Individual |
| D. | High Nuisance Individual |
| E. | None of the Above |
| Answer» B. High Net-worth Individual | |
| 169. |
A customer is required to maintain adequate balances in his/her accounts in order to use his card in the merchant establishments? |
| A. | Smart Card |
| B. | Credit Card |
| C. | Add-on Credit card |
| D. | Debit Card |
| E. | None of the above |
| Answer» D. Debit Card | |
| 170. |
Economic planning is an essential feature of |
| A. | Dual economy |
| B. | Mixed economy |
| C. | Social economy |
| D. | Capitalist economy |
| E. | None of these |
| Answer» C. Social economy | |
| 171. |
Who covered the Export Credit Packing Advance sanctioned to SSI exporters under the credit guarantee scheme? |
| A. | DICGC |
| B. | ECGC |
| C. | DRI |
| D. | GIC |
| E. | None of the above |
| Answer» B. ECGC | |
| 172. |
SEBI is a |
| A. | Constitutional body |
| B. | Statutory body |
| C. | Advisory body |
| D. | Non-statutory body |
| E. | None of these |
| Answer» B. Statutory body | |
| 173. |
What is the ―USP‖ in a Savings Bank account of a Bank over another Bank? |
| A. | Higher rate of interest |
| B. | Low risk transaction |
| C. | Banking channels and branches |
| D. | Easy to operate |
| E. | None of the Above |
| Answer» A. Higher rate of interest | |
| 174. |
Which of the following remains at the top of organizational structure of RBI? |
| A. | Governor |
| B. | Executive directors |
| C. | Central board of directors |
| D. | Chief general manager |
| E. | Principal chief general manager |
| Answer» C. Central board of directors | |
| 175. |
In terms of Reserve Bank of India (RBI) guidelines, Banks in India must pay a minimum interest on the balances held in Saving bank account at ? |
| A. | 4% |
| B. | 3.50% |
| C. | 5% |
| D. | 6% |
| E. | 7% |
| Answer» A. 4% | |
| 176. |
Which of the following can be called as ‗National Income‘? |
| A. | Net National Income at factor cost |
| B. | Gross National Income at factor cost |
| C. | Net Domestic Product at factor cost |
| D. | Gross Domestic Product at factor cost |
| E. | None of these |
| Answer» A. Net National Income at factor cost | |
| 177. |
FIMMDA‘s general principles and procedures are applicable to ? |
| A. | Fixed Income Markets |
| B. | Money Markets |
| C. | Derivatives Markets |
| D. | All of the above |
| E. | None of the above |
| Answer» D. All of the above | |
| 178. |
Expand FIPP – |
| A. | Foreign Investment Promotion Brochure |
| B. | Foreign Investment Production Board |
| C. | Foreign Investment Promotion Board |
| D. | Foreign Direct Investment Promotion Board |
| E. | None of these |
| Answer» C. Foreign Investment Promotion Board | |
| 179. |
Who regulates chit funds in India? |
| A. | Government of India |
| B. | State Governments |
| C. | Not regulated at all |
| D. | Concerned Districts |
| E. | None of these |
| Answer» B. State Governments | |
| 180. |
A Co-Operative Bank operating in different States is regulated by ? |
| A. | State Co-Operative Societies Act |
| B. | Banking Regulation Act |
| C. | Multi Unit Co-Operative Societies Act |
| D. | Banking Laws (applicable to Co-Operative Societies) |
| E. | None of the above |
| Answer» C. Multi Unit Co-Operative Societies Act | |
| 181. |
You might have heard about PMI data. What is PMI? |
| A. | Prudential Managers Index |
| B. | Purchasing Managers Indian |
| C. | Purchasing Managers Index |
| D. | Prudential Managers Indian |
| E. | None of these |
| Answer» C. Purchasing Managers Index | |
| 182. |
Hypothecation is applicable in the case of ? |
| A. | Movable goods |
| B. | Immovable property |
| C. | Book debts |
| D. | Corporate guarantee |
| E. | None of the above |
| Answer» A. Movable goods | |
| 183. |
Banking sector comes under which sector? |
| A. | Services sector |
| B. | Manufacturing sector |
| C. | Realty sector |
| D. | Industrial sector |
| E. | None of these |
| Answer» A. Services sector | |
| 184. |
Which of the followings can be used for Current Account Deficit financing? |
| A. | FII only |
| B. | FDI only |
| C. | ECB only |
| D. | Both FII and FDI only |
| E. | All FII, FDI and ECB |
| Answer» E. All FII, FDI and ECB | |
| 185. |
A company which pools money from investors and invests in stocks, bonds, shares is called ? |
| A. | A bank |
| B. | An insurance company |
| C. | Bancassurance |
| D. | Mutual Fund |
| E. | None of the above |
| Answer» D. Mutual Fund | |
| 186. |
Which of the following agreement/accord is related to baking reforms? |
| A. | Vienna agreement |
| B. | Basel accord |
| C. | Nagoya Protocol |
| D. | Cartagena Protocol |
| E. | None of these |
| Answer» B. Basel accord | |
| 187. |
What is ‗STT‘? |
| A. | Standard Transaction Tax |
| B. | Securities transaction tax |
| C. | Securities transfer tax |
| D. | Standard transfer tax |
| E. | None of these |
| Answer» B. Securities transaction tax | |
| 188. |
Which was the first Mutual Fund started in India ? |
| A. | SBI Mutual Fund |
| B. | HDFC Mutual Fund |
| C. | Kotak Pioneer Mutual Fund |
| D. | Indian Bank Mutual Fund |
| E. | None of the above |
| Answer» E. None of the above | |
| 189. |
Bureau of Indian Standards (BIS) has its headquarters in |
| A. | Mumbai |
| B. | Kolkata |
| C. | Bhubaneswar |
| D. | New Delhi |
| E. | None of these |
| Answer» D. New Delhi | |
| 190. |
The regulator for Mutual Funds in India is? |
| A. | FIMMDA |
| B. | AMFI |
| C. | RBI |
| D. | SEBI |
| E. | None of the above |
| Answer» D. SEBI | |
| 191. |
If the Statuary Liquidity Ratio (SLR) is increased, what will be the effect on Bank‘s credit situation? |
| A. | It will be reduced |
| B. | It will be increased |
| C. | It will remain unaffected |
| D. | None of these |
| E. | All of the above |
| Answer» A. It will be reduced | |
| 192. |
Expand CIN with respect to OLTAS. |
| A. | Challan Identification Number |
| B. | Challan Identification Notary |
| C. | Channel Identification Number |
| D. | Challan Inventory Number |
| E. | None of these |
| Answer» A. Challan Identification Number | |
| 193. |
The components of Tier I capital of a banking company include: |
| A. | capital reserve representing surplus arising out of sale proceeds of assets |
| B. | paid-up capital, statutory reserves and other disclosed free reserves, if any |
| C. | both (a) and (b) |
| D. | either (a) and (b) |
| E. | None of the above |
| Answer» C. both (a) and (b) | |
| 194. |
What is the meaning of ‗I promise to pay‘ clause written on notes? |
| A. | The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions. |
| B. | The bank’s obligation to pay the value of banknote does arise out of a contract but not out of statutory provisions. |
| C. | This obligation is neither due to a contract nor a statutory provision. |
| D. | It means that to pay you the value, there is sovereign guaranty. |
| E. | None of these. |
| Answer» A. The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions. | |
| 195. |
What is the name of technology given to the recently introduced computerised clearance of cheques: |
| A. | Automatic clearance |
| B. | MICR |
| C. | Speedline System |
| D. | Special clearning |
| E. | None of the above |
| Answer» B. MICR | |
| 196. |
To enforce law and order Government of India has many agencies. SFIO is one of them. Expand it. |
| A. | Serious Fraud Interrogation Office |
| B. | Serious Fraud Investigation Office |
| C. | Serious Feud Interrogation Office |
| D. | Serious Fraud Interrogation Ordinance |
| E. | None of these. |
| Answer» B. Serious Fraud Investigation Office | |
| 197. |
The government has allowed issue of Long- Term Bonds for Insurance Companies and others upto: |
| A. | 10 years |
| B. | 15 years |
| C. | 25 years |
| D. | 30 years |
| E. | None of the above |
| Answer» C. 25 years | |
| 198. |
Consider these statements:- Statement I – One rupee note is the liability of GOI. Statement II – Two rupee note is the liability of RBI. |
| A. | Both statements are true. |
| B. | Both are false. |
| C. | Statement I is true, whereas II is false. |
| D. | Statement I is false, whereas II is true. |
| E. | None of these. |
| Answer» A. Both statements are true. | |
| 199. |
Banking Regulation Act, 1949, does not at all apply to |
| A. | nationalized banks |
| B. | State bank of India and its subsidiaries |
| C. | foreign banks having branches in India |
| D. | Primary agricultural credit societies and cooperative land mortgage banks |
| E. | None of the above |
| Answer» D. Primary agricultural credit societies and cooperative land mortgage banks | |
| 200. |
Consider these Statement I – Other than Rs. 1000 note, the security threads of the banknotes contain the word ‗Bharat‘ in Devanagari script and ‗RBI‘ alternatively. Statement II – In Rs. 1000 note, the security contains the word ‗Bharat‘ in Devanagari ‗1000‘, and ‗RBI‖. |
| A. | Both are false. |
| B. | Both are true. |
| C. | Statement I is true but II is false. |
| D. | Statement I is false but II is true. |
| E. | None of these |
| Answer» B. Both are true. | |
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