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 .
| 301. |
At Present, What is the maximum amount that a payment bank can accept from a depositer? |
| A. | Rs.5 lakhs |
| B. | Rs.1 lakh |
| C. | Rs.2 lakhs |
| D. | Rs.75000 |
| E. | None of these |
| Answer» B. Rs.1 lakh | |
| 302. |
Basic Objective of SEBI is/are: |
| A. | To promote the interests of investors in securities |
| B. | To promote the development of Securities Market |
| C. | To regulate the securities market |
| D. | To protect the interest of the investors to improve the stock market investments |
| E. | All of the above |
| Answer» E. All of the above | |
| 303. |
Which of the following will be the co-investor for India Aspiration Fund (IAF) and SIDBI Make In India Loan For Enterprises (SMILE),funds launched by SIDBI? |
| A. | GIC |
| B. | LIC |
| C. | SBI Finance |
| D. | Tech M |
| E. | None of these |
| Answer» B. LIC | |
| 304. |
Customer Day in the bank is on and customers are allowed to meet the top officials of the bank on this day in every month: |
| A. | 5th |
| B. | 10th |
| C. | 15th |
| D. | 30th |
| E. | Any of the above dates |
| Answer» C. 15th | |
| 305. |
Which of the following is the name of the organization specifically to develop small scale industrial sector in our country? |
| A. | NABARD |
| B. | SEBI |
| C. | SIDBI |
| D. | AMFI |
| E. | None of the above |
| Answer» C. SIDBI | |
| 306. |
Mutual Funds are regulated by |
| A. | Reserve Bank of India |
| B. | Securities and Exchange Board of India |
| C. | Small industrial development bank of India |
| D. | State Bank of India |
| E. | None of these |
| Answer» B. Securities and Exchange Board of India | |
| 307. |
Which of the following types of ATMs eliminates the need for PIN early and authenticated customer transactions by thumb impressions. |
| A. | while label ATMs |
| B. | Biometric ATMs |
| C. | On-site ATMs |
| D. | Off-site ATMs |
| E. | None of these |
| Answer» B. Biometric ATMs | |
| 308. |
Maximum age for retirement for MD/CEO of all private banks is |
| A. | 70 |
| B. | 65 |
| C. | 60 |
| D. | 68 |
| E. | None of these |
| Answer» A. 70 | |
| 309. |
The New Capital Adequacy Frame work prescribed for the banks is commonly known as? |
| A. | KYC norms |
| B. | Credit Policy |
| C. | Basel accord |
| D. | Fiscal Policy |
| E. | None of these |
| Answer» C. Basel accord | |
| 310. |
Regulatory Authority for Regional Rural Bank is of |
| A. | RBI and NABARD |
| B. | NABARD |
| C. | RBI |
| D. | Central bank |
| E. | None of these |
| Answer» A. RBI and NABARD | |
| 311. |
Real Time Gross Settlement System means a payment system in which |
| A. | both processing and final settlement of funds transfer instructions can take place continuously |
| B. | final transaction takes place at the end of the day |
| C. | final payment is physically effected within 24 hours |
| D. | final settlement of funds take place at 3 PM daily |
| E. | none of the above |
| Answer» A. both processing and final settlement of funds transfer instructions can take place continuously | |
| 312. |
Which of the following banks is not nationalized in 1969 |
| A. | Central Bank of India |
| B. | Dena Bank |
| C. | Canara Bank |
| D. | Oriental Bank of Commerce |
| E. | None of these |
| Answer» D. Oriental Bank of Commerce | |
| 313. |
Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized? |
| A. | five |
| B. | four |
| C. | six |
| D. | ten |
| E. | None of these |
| Answer» C. six | |
| 314. |
Which one of the following rates is not decided by RBI |
| A. | Bank rate |
| B. | Base rate |
| C. | Repo rate |
| D. | Prime Lending rate |
| E. | None of these |
| Answer» D. Prime Lending rate | |
| 315. |
What does AGM stand for? |
| A. | Asian General Meeting |
| B. | American General Meeting |
| C. | Academic General Meeting |
| D. | Annual General Meeting |
| E. | None of these |
| Answer» D. Annual General Meeting | |
| 316. |
What does CRR stand for? |
| A. | Credit Reserve Ratio |
| B. | Cost Advisory Ratio |
| C. | Cash Reserve Ratio |
| D. | Cash Revenue Ratio |
| E. | None of these |
| Answer» C. Cash Reserve Ratio | |
| 317. |
What does 'DD' stand for |
| A. | Demand Cheque |
| B. | Demand Credit |
| C. | Demand Cash |
| D. | Demand Draft |
| E. | None of these |
| Answer» D. Demand Draft | |
| 318. |
RBI was established on ? |
| A. | 21st April 1940 |
| B. | 20th April 1943 |
| C. | 2nd April 1947 |
| D. | 1st April 1935 |
| E. | None of these |
| Answer» D. 1st April 1935 | |
| 319. |
Which among the following is at times mentioned as a kind of Direct Debit Facility? |
| A. | RTGS |
| B. | ECS |
| C. | NEFT |
| D. | IMPS |
| E. | None of these |
| Answer» B. ECS | |
| 320. |
What does EXIM Bank stand for? |
| A. | Extra Import Bank of India |
| B. | Export Import Bank of India |
| C. | Export Information Bank of India |
| D. | Export Import Bank of Intelligence |
| E. | None of These |
| Answer» C. Export Information Bank of India | |
| 321. |
Which among the following is not under the control of central banking authority? |
| A. | Monetary control |
| B. | Management of government debts |
| C. | Lender of last resort to banks |
| D. | Banker to government |
| E. | Equity market and debt market supervision and control |
| Answer» E. Equity market and debt market supervision and control | |
| 322. |
A very large loan extended by a group of small banks to a single borrower is known as |
| A. | Secured loan |
| B. | Syndicated loan |
| C. | Non-Recourse loan |
| D. | No Documentation loan |
| E. | None of these |
| Answer» B. Syndicated loan | |
| 323. |
Safe deposit locker – a product offered in the Indian retail banking segment under: |
| A. | Retail loan products |
| B. | Retail deposit products |
| C. | Retail services |
| D. | Retail facilities |
| E. | Retail comforts |
| Answer» C. Retail services | |
| 324. |
When it comes to retail deposit products, which among the following is irrelevant? |
| A. | Recurring deposit accounts |
| B. | Term deposit accounts |
| C. | No frills accounts for common man |
| D. | Depository services |
| E. | Senior citizen deposit accounts |
| Answer» D. Depository services | |
| 325. |
Which term refers closure of the loan account prior to the tenure fixed for the account? |
| A. | Pre Approved |
| B. | Pre Closure |
| C. | Personal Disposable |
| D. | All of the above |
| E. | None of the Above |
| Answer» B. Pre Closure | |
| 326. |
Leasing, hire purchase and bill discounting are the domain of |
| A. | Non banking companies |
| B. | Mutual funds |
| C. | Commercial banks |
| D. | Development banks |
| E. | None of the above |
| Answer» A. Non banking companies | |
| 327. |
The difference between the total cost of a project and the sanctioned loan amount is termed as |
| A. | Near Money |
| B. | Hot Money |
| C. | Gross Income |
| D. | Margin Amount |
| E. | None of these |
| Answer» D. Margin Amount | |
| 328. |
The capital markets regulatory authority has supervision over: |
| A. | Stock exchanges |
| B. | Foreign institutional investors |
| C. | Equity and debt raisers |
| D. | Mutual funds |
| E. | All the above |
| Answer» E. All the above | |
| 329. |
When it comes to money market instruments, which among the following is not true? |
| A. | Treasury bills |
| B. | Term money |
| C. | Certificate of deposits |
| D. | Corporate securities |
| E. | Commercial paper |
| Answer» D. Corporate securities | |
| 330. |
A debt which is irrecoverable and is therefore written off as loss in the accounts of an institution or bank is known as |
| A. | External debt |
| B. | Good debt |
| C. | Bad debt |
| D. | Internal debt |
| E. | All of the above |
| Answer» C. Bad debt | |
| 331. |
is basically charged when a person uses a credit card to obtain cash. |
| A. | Early Repayment Charge |
| B. | Redemption Fee |
| C. | Transaction Fee |
| D. | Cash Advance Fee |
| E. | None of these |
| Answer» D. Cash Advance Fee | |
| 332. |
Time period that is considered from the inception of the credit, investment or negotiable instrument and ends upon the maturity or expiry of the instrument is referred as |
| A. | Amortisation Period |
| B. | Amortising Swap |
| C. | Asset Backed Security |
| D. | Attrition Analysis |
| E. | None of these |
| Answer» A. Amortisation Period | |
| 333. |
Urban cooperative banks are controlled by and |
| A. | State government-RBI |
| B. | NABARD – RBI |
| C. | SEBI – RBI |
| D. | Central government – NABARD |
| E. | NABARD – state governments |
| Answer» B. NABARD – RBI | |
| 334. |
Which is an interest-free period that is to be given by a creditor to debtor? |
| A. | Fixed Period |
| B. | Preset Period |
| C. | Grace Period |
| D. | All of the above |
| E. | None of the Above |
| Answer» C. Grace Period | |
| 335. |
Goods and Service Tax, would replace which of the following taxes levied at present? |
| A. | Capital gains tax |
| B. | Corporate tax |
| C. | Value added tax |
| D. | Income tax |
| E. | None of these |
| Answer» C. Value added tax | |
| 336. |
Which of the following sectors makes maximum contribution to the National Income of India? |
| A. | Agriculture |
| B. | Service |
| C. | Industry |
| D. | Both a) and c) |
| E. | None of these |
| Answer» B. Service | |
| 337. |
What is fiat money? |
| A. | The currency backed by Government Guarantee |
| B. | The currency backed by gold reserves |
| C. | The currency backed by paper assets |
| D. | The currency backed by individuals |
| E. | None of these |
| Answer» A. The currency backed by Government Guarantee | |
| 338. |
In the term STRIPS, the S denotes |
| A. | Small |
| B. | Single |
| C. | Separate |
| D. | Savings |
| E. | None of these |
| Answer» C. Separate | |
| 339. |
KYC guidelines followed by the Banks have been framed on the recommendations of the |
| A. | Ministry of Home Affairs |
| B. | Reserve Bank of India |
| C. | Indian Banks Association |
| D. | Financial Intelligence Unit |
| E. | None of these |
| Answer» B. Reserve Bank of India | |
| 340. |
The Base rate for banks in India is set up by? |
| A. | Board of all banks |
| B. | RBI |
| C. | SBI |
| D. | SEBI |
| E. | SBIA |
| Answer» B. RBI | |
| 341. |
Where is the head quarter of Insurance Regulatory and Development Authority (IRDA)? |
| A. | Hyderabad |
| B. | Bangalore |
| C. | Mumbai |
| D. | Delhi |
| E. | None of these |
| Answer» A. Hyderabad | |
| 342. |
Where is the head quarter of Telecom Regulatory Authority of India (TRAI)? |
| A. | New Delhi |
| B. | Gujrat |
| C. | Pune |
| D. | Bangalore |
| E. | None of these |
| Answer» A. New Delhi | |
| 343. |
What is the full form of NAV? |
| A. | Net Actual Value |
| B. | Net Annual Value |
| C. | Net Asset Value |
| D. | Net Average Value |
| E. | None of these |
| Answer» C. Net Asset Value | |
| 344. |
Which of the following is known as the concept of a standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price? |
| A. | Forward Contract |
| B. | Futures Contract |
| C. | Market Contract |
| D. | Standard Contract |
| E. | None of these |
| Answer» B. Futures Contract | |
| 345. |
Which of the following depicts the financial position of a bank or business enterprise at a given point of time? |
| A. | Balance sheet |
| B. | Cash flow statement |
| C. | Income statement |
| D. | Model audit |
| E. | None of these |
| Answer» A. Balance sheet | |
| 346. |
When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as ? |
| A. | Internet banking |
| B. | Universal banking |
| C. | Virtual Banking |
| D. | Wholesale banking |
| E. | None of these |
| Answer» B. Universal banking | |
| 347. |
What is the full form of NIM? |
| A. | Net Interest Margin |
| B. | Net Involvement Margin |
| C. | Net Involution Margin |
| D. | Net international Margin |
| E. | None of these. |
| Answer» A. Net Interest Margin | |
| 348. |
Which of the following is a financial ratio that gives a measure of a company‘s ability to meet its financial losses? |
| A. | Cash Reverse Ratio |
| B. | Leverage Ratio |
| C. | Statutory Liquidity Ratio |
| D. | Loan-to-Value Ratio |
| E. | None of these |
| Answer» B. Leverage Ratio | |
| 349. |
When it comes to organized sector, which among the following is not true? |
| A. | Reserve Bank of India |
| B. | Public sector commercial banks |
| C. | private sector commercial banks |
| D. | money lenders |
| E. | cooperative banks |
| Answer» D. money lenders | |
| 350. |
Name the country‘s first small finance bank which started its operations recently? |
| A. | Capital Local Area Bank |
| B. | Disha Microfin Private Limited |
| C. | Au Financiers (India) Limited |
| D. | Ujjivan Financial Services |
| E. | Utkarsh Micro Finance |
| Answer» A. Capital Local Area Bank | |
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