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 .
| 251. |
Name the person Currently who is the Governor of the RBI ? |
| A. | Bimal Jalan |
| B. | Y.V. Reddy |
| C. | Arun Jaitley |
| D. | Urjit R. Patel |
| E. | None of the above |
| Answer» D. Urjit R. Patel | |
| 252. |
Which of the following appears in the balance sheet of a company? |
| A. | Subscribed Capital |
| B. | Authorized Capital |
| C. | Partner’s Capital |
| D. | Paid up Capital |
| E. | None of these |
| Answer» D. Paid up Capital | |
| 253. |
Cash Reserve Ratio (CRR) is to be maintained on Net Demand and Time Liabilities (NDTL). SLR is thus required to be maintained on ? |
| A. | Total Demand and Time Liabilities |
| B. | Net Demand and Time Liabilities |
| C. | Total Demand and Time Assets |
| D. | Net Demand and Time Asset |
| E. | None of the above |
| Answer» B. Net Demand and Time Liabilities | |
| 254. |
What does M stand for In CAMELS? |
| A. | Maintenance |
| B. | Management |
| C. | Misappropriation |
| D. | Money |
| E. | None of these |
| Answer» B. Management | |
| 255. |
CASA is basically the combination of Current account and saving account deposits with a Bank. Why do the Banks put greater emphasis on mobilizing a high CASA ratio? |
| A. | In order to fulfill RBI stipulation for it |
| B. | It helps reduction in average cost of funds |
| C. | These are stable deposits |
| D. | These help Banks maintain a healthy asset- liability ratio |
| E. | None of the Above |
| Answer» B. It helps reduction in average cost of funds | |
| 256. |
The main foreign exchange reserves in the country are: |
| A. | Foreign Currency assets |
| B. | Gold Stock |
| C. | Special Drawing Rights |
| D. | All of the above |
| E. | None of these |
| Answer» D. All of the above | |
| 257. |
What is current Reverse Repo rate? |
| A. | 6.50 |
| B. | 6 |
| C. | 6.75 |
| D. | 7.25 |
| E. | 5.75 |
| Answer» B. 6 | |
| 258. |
In Banking parlance, ‗NPA‘ stands for |
| A. | Non Performing Asset |
| B. | Net Producing Asset |
| C. | Net Performing Asset |
| D. | Not Promoting Asset |
| E. | None of these |
| Answer» A. Non Performing Asset | |
| 259. |
is the duty applied by a government to control the exports of an article of trade, so that the article of trade can be used by the local markets rather than in foreign countries. |
| A. | Customs duty |
| B. | Excise duty |
| C. | Anti-dumping duty |
| D. | Dumping duty |
| E. | None of these |
| Answer» A. Customs duty | |
| 260. |
Which of the following fall under the qualitative method of credit control adopted by the Reserve bank of India? |
| A. | Selective credit control |
| B. | Moral suasion |
| C. | Credit authorization scheme |
| D. | All the above |
| E. | None of these |
| Answer» D. All the above | |
| 261. |
The treasury bills are issued at a |
| A. | Discount |
| B. | Premium |
| C. | Both a) and b) |
| D. | Face value |
| E. | None of these |
| Answer» A. Discount | |
| 262. |
Under which category will you classify Regional Rural Bank? |
| A. | Scheduled Commercial Banks |
| B. | Co-operative Banks |
| C. | Private sector Banks |
| D. | Development Banks |
| E. | None of these |
| Answer» A. Scheduled Commercial Banks | |
| 263. |
What does FSDC stand for? |
| A. | Financial Security and Development Council |
| B. | Financial Stability and Development Council |
| C. | Fiscal Security and Development Council |
| D. | Fiscal Stability and Development Council |
| E. | None of these |
| Answer» B. Financial Stability and Development Council | |
| 264. |
The Headquarter of Bank of India is located in which of the following city? |
| A. | Kolkata |
| B. | New Delhi |
| C. | Mumbai |
| D. | Manipal |
| E. | Chennai |
| Answer» C. Mumbai | |
| 265. |
DAX is the stock exchange of ? |
| A. | Germany |
| B. | Japan |
| C. | USA |
| D. | Maxico |
| E. | None of the Above |
| Answer» A. Germany | |
| 266. |
What does ‗L‘ stands for in term CBLO? |
| A. | Liquidity |
| B. | Lending |
| C. | Lower |
| D. | License |
| E. | None of these |
| Answer» B. Lending | |
| 267. |
Indian paper currency is minted in Mysore and also in ? |
| A. | Kolkata |
| B. | Chennai |
| C. | Bengaluru |
| D. | Nasik |
| E. | Delhi |
| Answer» D. Nasik | |
| 268. |
The inflation led by rising food prices caused by increased demand for agricultural commodities is called – |
| A. | Hyperinflation |
| B. | Stagflation |
| C. | Agflation |
| D. | Deflation |
| E. | None of these |
| Answer» C. Agflation | |
| 269. |
Which of the following type of budgeting being used in India? |
| A. | Balanced Budget |
| B. | Zero base Budget |
| C. | Receipts Budget |
| D. | All of the above |
| E. | None of these |
| Answer» D. All of the above | |
| 270. |
Rise in inflation rate leads to decline in ? |
| A. | Interest rate |
| B. | Raise in the deposits in the banks |
| C. | Decrease the real interest rate |
| D. | Raise the credit growth by banks |
| E. | None of the above |
| Answer» C. Decrease the real interest rate | |
| 271. |
The sheet of record which contains all monetary transaction between an country and the rest of the world is called – |
| A. | Balance of trade |
| B. | Balance of Payment |
| C. | Balance sheet |
| D. | Export-Import Data |
| E. | None of these |
| Answer» B. Balance of Payment | |
| 272. |
Some bank are financing projects like ―Construction Roads/Bridges Etc. |
| A. | Developing Core Sector Industry |
| B. | Project Management |
| C. | Infrastructure Development |
| D. | Financial Inclusion |
| E. | All of these |
| Answer» C. Infrastructure Development | |
| 273. |
Fiscal deficit is . |
| A. | Total income less government borrowing |
| B. | Total payments less total receipts |
| C. | Total payments less capital receipts |
| D. | Total expenditure less total receipts excluding borrowing |
| E. | None of these |
| Answer» D. Total expenditure less total receipts excluding borrowing | |
| 274. |
On the current account balances maintained by the Regional Rural Banks with them, the commercial banks may |
| A. | Pay interest up to 9 per cent |
| B. | Pay interest at such rate as may be mutually agreed to |
| C. | Pay interest as applicable to savings accounts |
| D. | Waive incidental charges |
| E. | All of the above |
| Answer» B. Pay interest at such rate as may be mutually agreed to | |
| 275. |
The one-rupee note bears the signature of . |
| A. | RBI Governor |
| B. | Deputy Governor |
| C. | Finance Secretary |
| D. | Finance Minister |
| E. | None of these |
| Answer» C. Finance Secretary | |
| 276. |
RBI was nationalized in the year |
| A. | 1949 |
| B. | 1952 |
| C. | 1955 |
| D. | 1964 |
| E. | None of these |
| Answer» A. 1949 | |
| 277. |
The Bank shall have to state their lending policies. These would include |
| A. | Exposure limits and eligible borrowers |
| B. | Documentation standards, maturity and pricing options |
| C. | Write off review procedures |
| D. | All the above |
| E. | None of these |
| Answer» D. All the above | |
| 278. |
What does ‗T‘ in RTGS stand for? |
| A. | Transaction |
| B. | Transfer |
| C. | Tax |
| D. | Time |
| E. | None of these |
| Answer» D. Time | |
| 279. |
What is the limitation period for filing a case in a Consumer court? |
| A. | Two years from the date of cause of action |
| B. | Two years from the date purchase of good or service |
| C. | Three year from the date of cause of action |
| D. | One month from the date of purchase |
| E. | None of these |
| Answer» A. Two years from the date of cause of action | |
| 280. |
The tax levied by Local Governments i.e. Municipal Corporations and municipalities is . |
| A. | Income Tax |
| B. | Wealth Tax |
| C. | House Tax |
| D. | Gift Tax |
| E. | None of these |
| Answer» C. House Tax | |
| 281. |
What do you mean by ―C‖ in the term called as FMCG? |
| A. | Customer |
| B. | Consumer |
| C. | Creditor |
| D. | Country |
| E. | None of the above |
| Answer» B. Consumer | |
| 282. |
For which of the following bank account there is no deduction of TDS? |
| A. | Saving Bank accounts |
| B. | Recurring Deposit accounts |
| C. | Term deposit Accounts |
| D. | Both A & B |
| E. | None of these |
| Answer» D. Both A & B | |
| 283. |
The banks get benefited most from which of the following entity ? |
| A. | Fee of services |
| B. | Loans |
| C. | Securities |
| D. | Saving Account |
| E. | None of these |
| Answer» B. Loans | |
| 284. |
In the term called as AMFI, what do you mean by ―M‖? |
| A. | Mutual |
| B. | Money |
| C. | Managing |
| D. | Miscellaneous |
| E. | none of the above |
| Answer» A. Mutual | |
| 285. |
What can be the maximum limit of CRR for a commercial bank to maintain cash with RBI? |
| A. | 55% |
| B. | 40% |
| C. | 50% |
| D. | 49% |
| E. | None of these |
| Answer» B. 40% | |
| 286. |
Which amongst the following is not term deposits issued by commercial banks? |
| A. | Current account |
| B. | Fixed deposit |
| C. | Recurring deposit |
| D. | Reinvestment deposit |
| E. | all the above |
| Answer» A. Current account | |
| 287. |
Which among the following bank has offered the best interest on saving accounts in India by Jan 2015? |
| A. | Yes bank |
| B. | Kotatk Mahindra Bank |
| C. | IndusInd Bank |
| D. | Lakshmi Vilas Bank |
| E. | None of these |
| Answer» A. Yes bank | |
| 288. |
IFSC in a cheque means: |
| A. | Indian Financial System Code |
| B. | It has 11 digits alpha numeric |
| C. | First 4 digits represent Bank Name |
| D. | This code is used in remitting funds through RTGS and NEFT |
| E. | All the above |
| Answer» E. All the above | |
| 289. |
M-wallet (mobile wallet) application called Buddy lauched by which of the following bank? |
| A. | Axis |
| B. | State bank of Travancore |
| C. | ICICI |
| D. | SBI |
| E. | None of these |
| Answer» D. SBI | |
| 290. |
Which of the following statements is correct about banks? |
| A. | Banks cannot accept demand and time deposits from public. |
| B. | Banks can accept only time deposits from public. |
| C. | Banks can accept both demand and time deposits from public. |
| D. | Banks can accept demand and time deposits only from government. |
| E. | None of the above |
| Answer» C. Banks can accept both demand and time deposits from public. | |
| 291. |
Which committee is heading the conversion of Urban Cooperative Banks into Regular Banks? |
| A. | R Gandhi |
| B. | H R Khan |
| C. | Urjit R. Patel |
| D. | S. S. Mundra |
| E. | None of these |
| Answer» A. R Gandhi | |
| 292. |
Banking Ombudsman services are available to: |
| A. | All Scheduled Commercial Banks |
| B. | Regional Rural Banks |
| C. | Scheduled Primary Co-operative Banks |
| D. | Only a & c |
| E. | All the above |
| Answer» E. All the above | |
| 293. |
When the conversion rate of our currency goes high in compared to other currency , it is known as- |
| A. | Rupee Appreciation |
| B. | Rupee Devaluation |
| C. | Rupee Demodulation |
| D. | Rupee Depreciation |
| E. | None of these |
| Answer» D. Rupee Depreciation | |
| 294. |
The announcement of Bank holidays on 2nd and 4th Saturday will be effective from- |
| A. | 31st August 2015 |
| B. | 1st September 2015 |
| C. | 30th August 2015 |
| D. | 30th September 2015 |
| E. | None of these |
| Answer» B. 1st September 2015 | |
| 295. |
"Allonge" is |
| A. | A piece of paper for making endorsements |
| B. | A piece of paper attached to a negotiable instrument for making available more space for further endorsements |
| C. | Both a and b |
| D. | Duplicate DD issued to a customer |
| E. | Bill payable after sight |
| Answer» B. A piece of paper attached to a negotiable instrument for making available more space for further endorsements | |
| 296. |
Which of the following is not the function of Payment bank? |
| A. | Issue of ATM /Debit card |
| B. | Issue of Credit Card |
| C. | Accepts Deposits |
| D. | Provides remittances |
| E. | None of these |
| Answer» B. Issue of Credit Card | |
| 297. |
"Hundi" is a |
| A. | Draft |
| B. | Cheque |
| C. | Bill of exchange |
| D. | Promissory note |
| E. | None of these |
| Answer» C. Bill of exchange | |
| 298. |
In which of the following market does devaluation of currency happen? |
| A. | Fixed exchange rate |
| B. | Floating exchange rate |
| C. | Pegged exchange rate |
| D. | Either A or B |
| E. | None of these |
| Answer» B. Floating exchange rate | |
| 299. |
Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is: |
| A. | Fixed Income |
| B. | Specific Fund |
| C. | Close Ended |
| D. | Open Ended |
| E. | Mixed Fund |
| Answer» D. Open Ended | |
| 300. |
Which of the following Indian company sets it record to be the first company to overtake its parent company in terms of ‗market valuation‘? |
| A. | Mahindra & Mahindra |
| B. | Tata Motors |
| C. | Ashok Leyland |
| D. | TCS |
| E. | None of these |
| Answer» D. TCS | |
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