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 .
| 401. |
When Reserve Bank intends to increase credit by the banking system, it |
| A. | Reduces the bank rate |
| B. | Raises the bank rate |
| C. | Freezes the bank rate |
| D. | None of these |
| E. | All of these |
| Answer» A. Reduces the bank rate | |
| 402. |
Which of the following has decided to block LPG subsidy and PAN of the tax defaulters? |
| A. | RBI |
| B. | SBI |
| C. | Income Tax Department |
| D. | Govt. of India |
| E. | Finance Ministry |
| Answer» C. Income Tax Department | |
| 403. |
Bank rate means |
| A. | The rate of interest charged by the bank on advances |
| B. | The rate of interest paid by banks on the deposits |
| C. | The standard rate at which the RBI is prepared to buy or to rediscount eligible bills of exchange or other commercial papers of commercial banks |
| D. | None of the above |
| E. | All of the above |
| Answer» C. The standard rate at which the RBI is prepared to buy or to rediscount eligible bills of exchange or other commercial papers of commercial banks | |
| 404. |
Which is the authority in India for effecting changes in the cash reserve ratio and statutory liquidity ratio? |
| A. | Government of India |
| B. | RBI |
| C. | Indian banks Association |
| D. | CRR and SLR association |
| E. | None of the above |
| Answer» B. RBI | |
| 405. |
The Reserve Bank of India does not print currency notes of the denomination of Rs. . |
| A. | 20 |
| B. | 50 |
| C. | 3,000 |
| D. | 2,000 |
| E. | 500 |
| Answer» C. 3,000 | |
| 406. |
Which of the following is considered as the financial capital of India? |
| A. | New Delhi |
| B. | Kolkata |
| C. | Bangalore |
| D. | Ahmedabad |
| E. | None of these |
| Answer» E. None of these | |
| 407. |
Many times we read in financial newspapers/magazines about Systematic Investment Plans (SIPs). SIPs are an investment option also operated in the mode of |
| A. | Mutual Funds |
| B. | Small Savings Schemes in Post Offices |
| C. | National Pension Fund |
| D. | National Saving Certificates |
| E. | None of these |
| Answer» A. Mutual Funds | |
| 408. |
Who amongst the following has suggested to the banks in India to give details of fund transfers to customers via SMS/E-mails? |
| A. | Reserve Bank of India (RBI) |
| B. | India Banks Association (IBA) |
| C. | Indian Institute of Banking and Finance |
| D. | Securities and Exchange Board of India |
| E. | None of these |
| Answer» A. Reserve Bank of India (RBI) | |
| 409. |
The short term loans given to the farmers are the loans given normally for a period of |
| A. | three months |
| B. | six months |
| C. | nine months |
| D. | one year |
| E. | fifteen months |
| Answer» D. one year | |
| 410. |
The Head of the Reserve Bank of India is designated as the . |
| A. | Chief Executive Officer |
| B. | Managing Director |
| C. | Chief Banking Officer |
| D. | Deputy Governor |
| E. | None of these |
| Answer» E. None of these | |
| 411. |
Which of the following organizations was specially established to operate in Gramin areas by design itself? |
| A. | Commercial Banks |
| B. | Central Financial Institutes |
| C. | Private Banks |
| D. | Regional Rural Banks |
| E. | None of these |
| Answer» D. Regional Rural Banks | |
| 412. |
Which of the following is NOT a part of India‘s Money Market? |
| A. | Bill Markets |
| B. | Call Money Market |
| C. | Banks |
| D. | Mutual Funds |
| E. | Indian Gold Council |
| Answer» E. Indian Gold Council | |
| 413. |
A ‗Non-negotiable‘ crossing is a ? |
| A. | General crossing |
| B. | Special crossing |
| C. | Restricted crossing |
| D. | Non-transferable crossing |
| E. | None of the above |
| Answer» A. General crossing | |
| 414. |
What does N in NASSCOM stands for? |
| A. | National |
| B. | Non |
| C. | Net |
| D. | All of the above |
| E. | None of these |
| Answer» A. National | |
| 415. |
CRR is required to maintain in the form of ? |
| A. | Approved Government Securities |
| B. | Cash with RBI |
| C. | Cash with bank |
| D. | All the above |
| E. | None of the above |
| Answer» B. Cash with RBI | |
| 416. |
Tagline of Bank of Baroda |
| A. | India’s best business bank |
| B. | The Thinking Behind the Money |
| C. | India’s International Bank |
| D. | Not Your Typical Bank |
| E. | None of these |
| Answer» C. India’s International Bank | |
| 417. |
Monetary Policy of RBI Does not ? |
| A. | Control the supply of Money |
| B. | Reduction of taxes |
| C. | Fixation of rate of interest (least in some categories) |
| D. | Fixation of Repo rate and Reverse Repo rate |
| E. | Fixation of Cash |
| Answer» B. Reduction of taxes | |
| 418. |
What is R in FERA? |
| A. | Rural |
| B. | Restricted |
| C. | Refinance |
| D. | Regulation |
| E. | Regulatory |
| Answer» D. Regulation | |
| 419. |
Which of the following private sector bank re- branded itself as ―RBS‖? |
| A. | Sumitomo Bank |
| B. | Bank of Scotland |
| C. | ABN Amro Bank |
| D. | ICICI Bank |
| E. | Bank of Rajasthan |
| Answer» C. ABN Amro Bank | |
| 420. |
In a prepaid card the maximum value to be stored is? |
| A. | 25000 |
| B. | 50000 |
| C. | 10000 |
| D. | 20000 |
| E. | None of these |
| Answer» B. 50000 | |
| 421. |
is the largest stake holder in the National Securities Depository Limited? |
| A. | SBI |
| B. | Corporation Bank |
| C. | Syndicate Bank |
| D. | IDBI Bank |
| E. | ICICI Bank |
| Answer» D. IDBI Bank | |
| 422. |
The Head Office of National Housing Bank is in |
| A. | Kolkata |
| B. | Bangalore |
| C. | New Delhi |
| D. | Mumbai |
| E. | None of these |
| Answer» C. New Delhi | |
| 423. |
State Bank of India's new floating rate of deposit is directly linked to? |
| A. | Base Rate |
| B. | BPLR |
| C. | Bank Rate |
| D. | Inflation Rate |
| E. | CRR |
| Answer» A. Base Rate | |
| 424. |
When RBI sells government securities its meaning is? |
| A. | Liquidity in banking increases |
| B. | Liquidity gets diminished |
| C. | Liquidity remains unchanged |
| D. | None of these |
| E. | Both a) and b) |
| Answer» B. Liquidity gets diminished | |
| 425. |
The banking company has restriction to sanction loan to |
| A. | Staff working in the bank |
| B. | Directors of the bank |
| C. | Students going abroad |
| D. | Professionals |
| E. | None of these |
| Answer» B. Directors of the bank | |
| 426. |
Which of the following rates are decided by the RBI called as ―Policy Rate‖? |
| A. | Cash reserve ratio |
| B. | Lending rate |
| C. | Bank rate |
| D. | Deposit rate |
| E. | None of these |
| Answer» A. Cash reserve ratio | |
| 427. |
Which of the following is a non-depository institution? |
| A. | Regional Rural Bank |
| B. | Mutual Funds |
| C. | Credits Unions |
| D. | Commercial Banks |
| E. | None of these |
| Answer» B. Mutual Funds | |
| 428. |
Which Bank in India opened India's first offshore banking Unit ? |
| A. | SBH |
| B. | ICICI |
| C. | SBI |
| D. | Axis |
| E. | Bank of Baroda |
| Answer» C. SBI | |
| 429. |
Issuing of credit cards is a component of |
| A. | Corporate Banking |
| B. | Micro Finance |
| C. | Retail Banking |
| D. | Rural Banking |
| E. | None of these |
| Answer» C. Retail Banking | |
| 430. |
Indian Depository Receipt (IDR) is the? |
| A. | Proof of an Indian company’s share |
| B. | Is an unsecured money market instrument |
| C. | Proof of ownership of foreign company’s share |
| D. | Proof of earnings or profits of Indian Companies |
| E. | All of these |
| Answer» C. Proof of ownership of foreign company’s share | |
| 431. |
Which of the following is a public sector bank? |
| A. | Andhra Bank |
| B. | Federal Bank |
| C. | ICICI Bank |
| D. | HDFC |
| E. | None of these |
| Answer» A. Andhra Bank | |
| 432. |
Normally banks accept fixed Deposits for a maximum period of: |
| A. | 5 years |
| B. | 7 years |
| C. | 10 years |
| D. | 20 years |
| E. | None of these |
| Answer» C. 10 years | |
| 433. |
Which of the following terms is used in the field of finance and Banking? |
| A. | Adjustable credit |
| B. | Absolute Zero |
| C. | Guage pressure |
| D. | Single bond |
| E. | None of these |
| Answer» A. Adjustable credit | |
| 434. |
Which of the following is known as Plastic money? |
| A. | Demand draft |
| B. | Credit card |
| C. | Debit card |
| D. | Both B and C |
| E. | None of these |
| Answer» D. Both B and C | |
| 435. |
Which of the following set up core banking infrastructure for rural banks? |
| A. | RBI |
| B. | NABARD |
| C. | IDBI |
| D. | NHB |
| E. | SEBI |
| Answer» B. NABARD | |
| 436. |
Which bank launched ‗Mobicash easy‘ scheme? |
| A. | SBP |
| B. | SBH |
| C. | SBI |
| D. | Axis |
| E. | ICICI |
| Answer» C. SBI | |
| 437. |
All the financial issues of agriculture are dealt by which Bank? |
| A. | Andhra Bank |
| B. | SBI |
| C. | RBI |
| D. | NABARD |
| E. | None of these |
| Answer» D. NABARD | |
| 438. |
If you buy a financial instrument in one market in order to sell the same instrument in another market at higher price, it will be called as |
| A. | Brokerage |
| B. | Arbitrage |
| C. | Forfeiture of Instrument |
| D. | investment |
| E. | None of these |
| Answer» B. Arbitrage | |
| 439. |
AER stands for ? |
| A. | Average Equivalent rate |
| B. | Annual Equivalent Rate |
| C. | Appropriate Equivalent Rate |
| D. | Approximate Equivalent Rate |
| E. | None of these |
| Answer» B. Annual Equivalent Rate | |
| 440. |
Which among the following is incorrect about Bank Ombudsman ? |
| A. | Bank Ombudsman scheme was first introduced in 1995 but start in operations from 2006 |
| B. | Bank Ombudsman has the power to solve bank Complaints |
| C. | Bank Ombudsman acts as the one of representative of Reserve Bank of India in order to implement RBIs rules and regulations |
| D. | All the Above |
| E. | None of these |
| Answer» E. None of these | |
| 441. |
The Commission charged by a broker is ? |
| A. | Brokerage Interest |
| B. | Brokerage Fee |
| C. | Brokerage Profit |
| D. | Brokerage rate |
| E. | None of these |
| Answer» B. Brokerage Fee | |
| 442. |
is a short term and unsecured promissory notes issued by corporations with very high credit standing? |
| A. | Demand draft |
| B. | Credit card |
| C. | Debit card |
| D. | Commercial Paper |
| E. | None of these |
| Answer» D. Commercial Paper | |
| 443. |
―Blending Modernity with Tradition‖ is the slogan of ? |
| A. | State Bank of Patiala |
| B. | SBI |
| C. | SBH |
| D. | SBM |
| E. | SEBI |
| Answer» A. State Bank of Patiala | |
| 444. |
Multilated Notes are? |
| A. | Notes which are in pieces and/or of which the essential portions are missing |
| B. | Any bank note, which is wholly or partially, obliterated, shrunk |
| C. | Notes which are washed, altered or Indecipherable |
| D. | Notes which are wholly or partially, obliterated, shrunk, washed, altered or indecipherable |
| E. | None of these |
| Answer» A. Notes which are in pieces and/or of which the essential portions are missing | |
| 445. |
Minimum limit for sending money to Nepal through NEFT (National Electronic fund Transfer) in a single day? |
| A. | 10000 |
| B. | 50000 |
| C. | 25000 |
| D. | 100000 |
| E. | 200000 |
| Answer» B. 50000 | |
| 446. |
Notice Money is a money lend for a period of ? |
| A. | Between 2 and 14 days |
| B. | Exceeding 14 days |
| C. | 1 day |
| D. | 2 days |
| E. | 4 days |
| Answer» A. Between 2 and 14 days | |
| 447. |
Which is incorrect about NBFC (Non-Banking Financial Company) ? |
| A. | The deposits with NBFCs are not insured |
| B. | deposit insurance facility of Deposit Insurance and Credit Guarantee Corporati n is not available to depositors of NBFCs, unlike in case of banks |
| C. | NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself |
| D. | NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI from time to time. The present ceiling is 12.5 per cent per annum |
| E. | None of these |
| Answer» A. The deposits with NBFCs are not insured | |
| 448. |
INDIAs Central Bank" is slogan of:" |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | IDBI |
| D. | SEBI |
| E. | None of these |
| Answer» A. Reserve Bank of India | |
| 449. |
CPI refers to: |
| A. | Cost Price Index |
| B. | Consumer Price Index |
| C. | Current Price Index |
| D. | Consumer Price interface |
| E. | None of these |
| Answer» B. Consumer Price Index | |
| 450. |
Which of the following is an account at a bank or credit union that earns interest over a specified amount of time? |
| A. | Interest Bearing Account |
| B. | Regular Checking Account |
| C. | De-materialized Account |
| D. | Savings Bank Account |
| E. | None of these |
| Answer» A. Interest Bearing Account | |
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