McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) , Bachelor of Commerce in Banking and Insurance (B.Com Banking and Insurance) .
| 1. |
Who regulates the money circulation in India? |
| A. | state bank of india |
| B. | reserve bank of india |
| C. | naba |
| D. | commercial banks |
| Answer» B. reserve bank of india | |
| 2. |
Which of the following is not an organized sector in India? |
| A. | nationalised banks |
| B. | regional rural banks |
| C. | cooperative banks |
| D. | chits and money lenders |
| Answer» D. chits and money lenders | |
| 3. |
Who will settle the grievances of customers of banks? |
| A. | reserve bank of india |
| B. | state bank of india |
| C. | local courts |
| D. | ombuds men |
| Answer» D. ombuds men | |
| 4. |
Who introduced the Banking Ombudsmen Scheme? |
| A. | rbi |
| B. | sbi |
| C. | ministry of finance |
| D. | nabard |
| Answer» A. rbi | |
| 5. |
Which was the firth Bank corporated by the Indians? (1881) |
| A. | imperial bank of india |
| B. | state bank of india |
| C. | avadh commercial bank(oudh) |
| D. | reserve bank of india |
| Answer» C. avadh commercial bank(oudh) | |
| 6. |
When was Reserve Bank of India established? |
| A. | 1920 |
| B. | 1925 |
| C. | 1935 |
| D. | 1948 |
| Answer» C. 1935 | |
| 7. |
When was Reserve Bank of India Nationalised? |
| A. | 1947 |
| B. | 1948 |
| C. | 1949 |
| D. | 1950 |
| Answer» C. 1949 | |
| 8. |
When was Indian Banking Act come into force? |
| A. | 1948 |
| B. | 1949 |
| C. | 1950 |
| D. | 1951 |
| Answer» B. 1949 | |
| 9. |
Imperial Banks were amalgamated and changed as _________ |
| A. | reserve bank of india |
| B. | state bank of india |
| C. | subsidiary banks |
| D. | union bank of india |
| Answer» B. state bank of india | |
| 10. |
How many banks were first nationalised? |
| A. | 10 |
| B. | 12 |
| C. | 14 |
| D. | 16 |
| Answer» C. 14 | |
| 11. |
When was the second phase of nationalisation done? |
| A. | 9th july 1969 |
| B. | 10th july 1968 |
| C. | 16th august 1985 |
| D. | 15th april, 1980 |
| Answer» D. 15th april, 1980 | |
| 12. |
Who will act as the banker to the Government of India? |
| A. | state bank of india |
| B. | reserve bank of india |
| C. | naba |
| D. | nationalised banks |
| Answer» B. reserve bank of india | |
| 13. |
Where is the Head Quarter of Reserve Bank of India? |
| A. | mumbai |
| B. | delhi |
| C. | kolkotta |
| D. | ahmedabad |
| Answer» A. mumbai | |
| 14. |
When was Lead Bank Scheme introduced? |
| A. | 1967 |
| B. | 1968 |
| C. | 1969 |
| D. | 1974 |
| Answer» C. 1969 | |
| 15. |
The first development financial institution in India that has got merged with a bank is |
| A. | idbi |
| B. | icici |
| C. | idfc |
| D. | uti |
| Answer» B. icici | |
| 16. |
……….prepared a framework through a consultative process to secure international convergence of supervisory regulations governing the capital adequacy of international banks. |
| A. | basel committee on banking supervision |
| B. | banking committee on banking supervision |
| C. | basel company on banking supervision |
| D. | banking company on banking supervision |
| Answer» A. basel committee on banking supervision | |
| 17. |
Gilt edged securities refer to |
| A. | government securities |
| B. | securities issued by municipal corporations |
| C. | securities issu |
| D. | by first class companies |
| Answer» A. government securities | |
| 18. |
Indian Banks Association (IBA) has a common net working system for sharing the ATM facilities in Mumbai, which is known as |
| A. | atm network |
| B. | shared payment network system |
| C. | cash network |
| D. | none of these |
| Answer» B. shared payment network system | |
| 19. |
World Bank stands for |
| A. | nabard |
| B. | gatt |
| C. | ib |
| D. | bank of england |
| Answer» C. ib | |
| 20. |
Where is the headquarters of SWIFT? |
| A. | hong kong |
| B. | brussels |
| C. | london |
| D. | mumbai |
| Answer» B. brussels | |
| 21. |
NABARD is a |
| A. | department of rbi |
| B. | wholly owned subsidiary of rbi |
| C. | subsidiary of sbi |
| D. | none of the above |
| Answer» D. none of the above | |
| 22. |
Which of the following statement is correct. |
| A. | foreign exchange markets are localized markets |
| B. | foreign exchange markets operate within a country’s time zone. |
| C. | foreign exchange markets are dynamic a |
| D. | round the clock markets |
| Answer» C. foreign exchange markets are dynamic a | |
| 23. |
Who is the Governor of RBI? |
| A. | bimal jalan |
| B. | y v reddy |
| C. | raghuram rajan |
| D. | ranga reddy |
| Answer» C. raghuram rajan | |
| 24. |
Section 14 of Banking Regulation Act, 1949 |
| A. | prohibits a banking company from creating a charge upon any unpaid capital of the company. |
| B. | contains a system of licensing of banks by the r.b.i. |
| C. | provides that the subscrib |
| D. | capital of a banking company should not be less than one-half of its authorized capital. |
| Answer» A. prohibits a banking company from creating a charge upon any unpaid capital of the company. | |
| 25. |
A Bank is under a statutory obligations to honour its customer's cheques vide |
| A. | section 10 of the banking regulation act, 1949. |
| B. | section 3 of the r.b.i. act, 1934. |
| C. | section 31 of the negotiable instruments act, 1881. |
| D. | none of these |
| Answer» C. section 31 of the negotiable instruments act, 1881. | |
| 26. |
The Reserve Bank of India was originally constituted as a share holder's Bank with a share capital of -- |
| A. | rs. 50 lakh |
| B. | rs. 100 lakh |
| C. | rs. 10 crores |
| D. | rs. 5 crores |
| Answer» D. rs. 5 crores | |
| 27. |
Infrastructure Development Finance Company was established in - |
| A. | 1961 |
| B. | 1997 |
| C. | 1994 |
| D. | 1991 |
| Answer» B. 1997 | |
| 28. |
Nationalised Banks have been permitted to offer their equity shares to the public to the extent of 49% of their capital as per amendments made in 1994 in |
| A. | banking regulation act, 1949 |
| B. | banking companies (acquisition & transfer of undertakings) acts 1970/1980 |
| C. | both in (i) a (ii) |
| D. | None |
| Answer» B. banking companies (acquisition & transfer of undertakings) acts 1970/1980 | |
| 29. |
EXIM Bank is owned by - |
| A. | govt, of india and rbi jointly |
| B. | rbi and select commercial banks jointly |
| C. | fully own |
| D. | by govt, of india |
| Answer» C. fully own | |
| 30. |
Contribution towards Rural Infrastructure Development Fund is made by |
| A. | nabard and commercial banks jointly |
| B. | state govts. and govt, of india |
| C. | only those commercial banks who fail to achieve the stipulat |
| D. | benchmark of agricultural advances and / or priority sector advances |
| Answer» C. only those commercial banks who fail to achieve the stipulat | |
| 31. |
Credit rationing is a…………method of credit control. |
| A. | quantitative credit control |
| B. | qualitative credit control |
| C. | direct credit control |
| D. | continuous credit control |
| Answer» B. qualitative credit control | |
| 32. |
The development programme began in our country with the launch of |
| A. | community development programme |
| B. | integrated rural development programme |
| C. | small farmers development agency |
| D. | intensive agriculture area programme |
| Answer» A. community development programme | |
| 33. |
"Sans recourse" means ____. |
| A. | i am not afraid |
| B. | do not touch me |
| C. | ask the drawer |
| D. | without liability to me |
| Answer» D. without liability to me | |
| 34. |
When a drawer draws a cheque without keeping sufficient balance and if the cheque is bounced for insufficient funds. The drawer is punishable with imprisonment which may extend to and or a fine. |
| A. | two months |
| B. | one year |
| C. | four months |
| D. | six months |
| Answer» B. one year | |
| 35. |
The highest credit risk rating that can be awarded to any company by CRISIL is….. |
| A. | ++a |
| B. | aaa |
| C. | +aa |
| D. | none of the above |
| Answer» B. aaa | |
| 36. |
Bankers, in general, are hesitant to finance HUF because . |
| A. | the firms ceases to exist when the karta is dead. |
| B. | the firm ceases to exist with the death of any of the male coparcener. |
| C. | the liability of the firm to the banker is susceptible to change with the birth of male chi |
| D. | or with the death of a male coparcener in the huf. |
| Answer» C. the liability of the firm to the banker is susceptible to change with the birth of male chi | |
| 37. |
Factoring means . |
| A. | financing against bills receivables. |
| B. | financing invoices without recourse only. |
| C. | purchasing and/or administering the receivables of a concern. |
| D. | collecting the receivables and remitting to the seller. |
| Answer» C. purchasing and/or administering the receivables of a concern. | |
| 38. |
Under law of limitation , the liability of a guarantor is . |
| A. | 3 years form the date of document. |
| B. | 3 years from the date of default of the advance. |
| C. | 3 years from the date when the dema |
| D. | is made on guarantor. |
| Answer» C. 3 years from the date when the dema | |
| 39. |
The first bank to be established in India was ________ , |
| A. | bank of bengal |
| B. | bank of hindustan |
| C. | allahab |
| D. | bank |
| Answer» B. bank of hindustan | |
| 40. |
Which type of securities are held by Reserve Bank of India before issuance of currency notes ? |
| A. | gold coins and bullion |
| B. | foreign securities |
| C. | government of india's securities |
| D. | all of these |
| Answer» D. all of these | |
| 41. |
Quasi Negotiable Instrument is accepted like Negotiable Instrument because of |
| A. | the force of law |
| B. | the customs and practice |
| C. | their character of negotiability |
| D. | none of these |
| Answer» B. the customs and practice | |
| 42. |
Loan documents executed out of India must be presented for registration within……….of its arrival in India. |
| A. | three months |
| B. | four months |
| C. | six months |
| D. | twelve months |
| Answer» B. four months | |
| 43. |
Usance bills or promissory notes drawn out of India are required to be stamped by |
| A. | first holder in india |
| B. | any holder |
| C. | any party |
| D. | none of the above |
| Answer» A. first holder in india | |
| 44. |
Command Area Development Programme relates to __________ |
| A. | desert development |
| B. | hill area development |
| C. | livestock development |
| D. | irrigation development |
| Answer» D. irrigation development | |
| 45. |
The minimum percentage of Priority Sector advances to be maintained by foreign banks in India is . |
| A. | 40% |
| B. | 22% |
| C. | 32% |
| D. | 18% |
| Answer» C. 32% | |
| 46. |
Margin money scheme of KVIC is applicable to the project of individuals and entrepreneurs ______________ . |
| A. | where the total project cost does not exceed rs. 10 lakh |
| B. | where the total project cost does not exceed rs. 25 lakh |
| C. | where the total project cost does not exce |
| D. | rs. 5 lakh |
| Answer» A. where the total project cost does not exceed rs. 10 lakh | |
| 47. |
"Customer" is defined in - |
| A. | banking regulation act |
| B. | n.i. act |
| C. | r.b.i. act |
| D. | nowhere it is defined |
| Answer» D. nowhere it is defined | |
| 48. |
Prospectus is issued by a Private Limited Company when it issues |
| A. | debentures |
| B. | shares |
| C. | both debentures a |
| D. | shares |
| Answer» D. shares | |
| 49. |
A Public Limited Company should have minimum membership of - |
| A. | 50 |
| B. | 15 |
| C. | 7 |
| D. | no limit |
| Answer» C. 7 | |
| 50. |
Introduction of rating methodology for banks was introduced by RBI on the lines of- |
| A. | camel |
| B. | ir |
| C. | cma |
| D. | none of these |
| Answer» A. camel | |
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