McqMate
Chapters
| 1. |
Indian Commercial Banks are categorized into: |
| A. | Public sector Banks |
| B. | Foreign Banks |
| C. | Private Sector Banks |
| D. | All of the above |
| Answer» D. All of the above | |
| 2. |
Regional Rural Banks have been set up with the basic objectives of: |
| A. | Providing credit to semi - urban & urban population |
| B. | Providing deposits facilities to farmers |
| C. | Providing credit & deposit facilities to rural areas |
| D. | providing credit, deposit and other banking facilities to people in rural |
| Answer» D. providing credit, deposit and other banking facilities to people in rural | |
| 3. |
_____ is raised in capital markets |
| A. | Funds through long term securities |
| B. | Long term loans through Govt. securities |
| C. | medium term loans |
| D. | Short - term instruments |
| Answer» A. Funds through long term securities | |
| 4. |
Interest on Government secu-rities on fixed basis is known as: |
| A. | Bank rate |
| B. | Coupon |
| C. | Prime Lending Rate |
| D. | Bench mark PLR |
| Answer» A. Bank rate | |
| 5. |
__ was not nationalized in 1969: |
| A. | Punjab National Bank |
| B. | Oriental Bank of commerce |
| C. | Bank of Baroda |
| D. | Union Bank of India |
| Answer» B. Oriental Bank of commerce | |
| 6. |
In the first round 14 major banks with a liability base of ____ were nationalized: |
| A. | 10 crore or more |
| B. | 20 crore or more |
| C. | 50 crore or more |
| D. | 100 crore or more |
| Answer» C. 50 crore or more | |
| 7. |
The maximum Statutory Liquidity Ratio to be maintained by banks is_____: |
| A. | 25% |
| B. | 30% |
| C. | 35% |
| D. | 40% |
| Answer» D. 40% | |
| 8. |
CRR funds are kept by the Banks in ____: |
| A. | Cash in hand at branches |
| B. | Balance with other banks |
| C. | Balance in a special Account with RBI |
| D. | Funds in the currency chest |
| Answer» C. Balance in a special Account with RBI | |
| 9. |
An increase in CRR by RBI leads to: |
| A. | Decrease in deposit |
| B. | increase in deposit |
| C. | Increase in lendable resources |
| D. | Decrease in lendable resources |
| Answer» D. Decrease in lendable resources | |
| 10. |
When RBI reduce the CRR it results into: |
| A. | Decrease in deposit |
| B. | increase in deposit |
| C. | Increase in lendable resources |
| D. | Decrease in lendable resources |
| Answer» C. Increase in lendable resources | |
| 11. |
What is meant by development Oriented banking? |
| A. | Infrastructure financing |
| B. | Extending loans to States, which are un development |
| C. | Taking up the task of development of the economy by providing support to under privileged sections of the society |
| D. | All the above |
| Answer» C. Taking up the task of development of the economy by providing support to under privileged sections of the society | |
| 12. |
Principal functions of SIDBI: |
| A. | Promotion of SSI |
| B. | Finance of SSI |
| C. | Development of SSI |
| D. | All the above |
| Answer» D. All the above | |
| 13. |
____ heads and conducts the affairs of RBI: |
| A. | Central Board |
| B. | local board |
| C. | Regional board |
| D. | All of the above |
| Answer» A. Central Board | |
| 14. |
RBI Provides ____ for meeting day - to - day receipt and expenditure mismatch to both Central and State Governments. |
| A. | treasury bills |
| B. | Ways and Means advance |
| C. | date and securities |
| D. | All the above |
| Answer» B. Ways and Means advance | |
| 15. |
RBI known as lender of last resort because: |
| A. | It has to meet the credit need of citizens to whom no one else is willing to lend |
| B. | Banks lend to go to RBI as a last resort |
| C. | It comes to help banks in times of crisis |
| D. | All of the above |
| Answer» C. It comes to help banks in times of crisis | |
| 16. |
These days RBI uses Selective credit control measures rather infrequently because of: |
| A. | Deregulation of functions |
| B. | Autonomy given to banks |
| C. | Comfortable liquidity |
| D. | Reasonable inflation level |
| Answer» C. Comfortable liquidity | |
| 17. |
Which is incorrect with regard to powers of RBI: |
| A. | Holds cash reserve banks |
| B. | Controls banking system through licensing |
| C. | Supervises Banking system through inspection |
| D. | None of the above |
| Answer» D. None of the above | |
| 18. |
Intervenes in markets to maintain the external value of the Indian rupee: |
| A. | Exporters |
| B. | Importers |
| C. | RBI |
| D. | IMF |
| Answer» C. RBI | |
| 19. |
Regional Rural Banks were set up on the recommendations of: |
| A. | Nariman committee |
| B. | Narasimham committee |
| C. | Gadgil committee |
| D. | Puri committee |
| Answer» B. Narasimham committee | |
| 20. |
Committee, launched the process of reforms of financial system in India: |
| A. | Gadgil committee |
| B. | Nariman committee |
| C. | Narasimham committee |
| D. | khanna Committee |
| Answer» C. Narasimham committee | |
| 21. |
Which of the following can be categories as a Merchant Banking service? |
| A. | Consultancy on finance to a company |
| B. | Advance in capital structure |
| C. | Managing mergers |
| D. | Helping in finalizing take over |
| Answer» C. Managing mergers | |
| 22. |
The instrument which provides proprietary interest in company and which entitles a person to dividend on profits, is called? |
| A. | Bond |
| B. | Share |
| C. | Debenture |
| D. | Warrant |
| Answer» B. Share | |
| 23. |
Which of the following provides proper definition of a Mutual Funds? |
| A. | It is an association of members of public |
| B. | These members want to invest in financial instrument |
| C. | They want to invest in financial instrument assts of business sector |
| D. | All the above |
| Answer» D. All the above | |
| 24. |
Which of the following organisations/agencies works solely to monitor and arrange flow of agriculture credit in India? |
| A. | NABARD |
| B. | SIDBI |
| C. | RBI |
| D. | SEBI |
| Answer» A. NABARD | |
| 25. |
The currency notes of which of the following denominations are not printed in India ? |
| A. | Rs. 5 |
| B. | Rs. 10 |
| C. | Rs. 50 |
| D. | Rs. 2500 |
| Answer» D. Rs. 2500 | |
| 26. |
Which of the following is not the name of a bank functioning in India? |
| A. | Central Bank of India |
| B. | UCO Bank |
| C. | Aegon Religare |
| D. | Dena Bank |
| Answer» C. Aegon Religare | |
| 27. |
When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as : |
| A. | Term Deposit |
| B. | Demand Deposit |
| C. | Bond |
| D. | Mortgage |
| Answer» A. Term Deposit | |
| 28. |
Who amongst the following is the chief of SEBI? |
| A. | Milind Bhave |
| B. | UK Sinha |
| C. | Shashikath Verma |
| D. | Shyamala Gopinath |
| Answer» B. UK Sinha | |
| 29. |
Which of the following is a leading electronic-payment tec-hnology firm? |
| A. | Visa |
| B. | Max |
| C. | BSE |
| D. | Sensex |
| Answer» A. Visa | |
| 30. |
The basic function of…………are to accept to deposits, lend money and act as collection and paying agents. |
| A. | Banks |
| B. | . Non Banking Institutes |
| C. | Sock exchange |
| D. | Brokers |
| Answer» A. Banks | |
| 31. |
The RBI was nationalized by the Reserve Bank (amendment ) …………... |
| A. | Act 1948 |
| B. | . Act 1932 |
| C. | Act 1962 |
| D. | Act 1963 |
| Answer» A. Act 1948 | |
| 32. |
The baking system was……….during the early 90’s which led to greater competition and higher Production. |
| A. | Liberalized |
| B. | Centralized |
| C. | Decentralized |
| D. | None of these |
| Answer» A. Liberalized | |
| 33. |
The baking sector is the most important part of the……….and it promotes economic development of the country. |
| A. | financial system |
| B. | Financial Procedure |
| C. | Technology |
| D. | Underwriting |
| Answer» A. financial system | |
| 34. |
The…………..has economic significance and social purpose. |
| A. | Insurance industry |
| B. | Financial banks |
| C. | mutual fund |
| D. | Underwriting |
| Answer» A. Insurance industry | |
| 35. |
The……… are financial intermediate that collect and invest large amount of premiums. |
| A. | Insurance Companies |
| B. | non banking Institutes |
| C. | Stock Exchange |
| D. | SEBI |
| Answer» A. Insurance Companies | |
| 36. |
The 1st life insurance company namely………. was establishment in Kolkata in 1818 |
| A. | oriental life insurance co |
| B. | ICICI prudential |
| C. | Tata LIC |
| D. | SBI LIC |
| Answer» A. oriental life insurance co | |
| 37. |
The commercial banking system in India consists………….&…………. |
| A. | Scheduled & Unscheduled Banks |
| B. | Bank & Non Banking Institutions |
| C. | Organised & unorganized Banks |
| D. | none of these |
| Answer» A. Scheduled & Unscheduled Banks | |
| 38. |
………..banks are considered as the heart of our financial structure that makes the completely utilization of the resources of the nation. |
| A. | financial system |
| B. | Financial Procedure |
| C. | Technology |
| D. | Underwriting |
| Answer» A. financial system | |
| 39. |
………….banks are known as local area banks. |
| A. | Uncheduled banks |
| B. | Financial Institutions |
| C. | Organised Banks |
| D. | none of these |
| Answer» A. Uncheduled banks | |
| 40. |
…………….these banks are controlled by the Government. |
| A. | Public Sector Banks |
| B. | Organised Banks |
| C. | Scheduled Banks |
| D. | none of these |
| Answer» A. Public Sector Banks | |
| 41. |
………………banks are registered as companies with limited liability. |
| A. | Private Sector Banks |
| B. | Public sector Banks |
| C. | Scheduled Banks |
| D. | commercial banks |
| Answer» A. Private Sector Banks | |
| 42. |
…………… banks were establishment mainly due to the development of trade with our countries. |
| A. | Foreign Banks |
| B. | Organised Banks |
| C. | Scheduled Banks |
| D. | none of these |
| Answer» A. Foreign Banks | |
| 43. |
…………… banks are involved with financing of foreign trade and activities. |
| A. | Foreign Banks |
| B. | Organised Banks |
| C. | Scheduled Banks |
| D. | none of these |
| Answer» A. Foreign Banks | |
| 44. |
…………… banks aims to increase the flow of credit and availability of banking facilities to Rural areas and to the poorer section of the rural population. |
| A. | Regional Rural Banks |
| B. | Organised Banks |
| C. | Scheduled Banks |
| D. | Cooperative Banks |
| Answer» A. Regional Rural Banks | |
| 45. |
The basic ideamovement is that poor people should come together and develop banking habits within small means. |
| A. | Cooperative |
| B. | Organised |
| C. | Scheduling |
| D. | none of these |
| Answer» A. Cooperative | |
| 46. |
…………..banks act as catalytic agents in promoting balanced development of the country. |
| A. | Development Banks |
| B. | Organised Banks |
| C. | Scheduled Banks |
| D. | none of these |
| Answer» A. Development Banks | |
| 47. |
………… means indemnity or protection against risk of loss by spreading the risk over a number of a person, who are exposed to it and who is agree to insure themselves against risk. |
| A. | Insurance |
| B. | Bank Over Draft |
| C. | Premium |
| D. | none of these |
| Answer» A. Insurance | |
| 48. |
The LIC was Establishment on…………….. |
| A. | 1st Sep 1956 |
| B. | 2nd Sep 1956 |
| C. | 15th Aug 1949 |
| D. | 1st Jan 1947 |
| Answer» A. 1st Sep 1956 | |
| 49. |
…………….banks can borrow from the Reserve Bank of India based on the eligible securities or get the financial assistance in times of need by rediscounting bills of Exchange. |
| A. | Scheduled Banks |
| B. | Organised Banks |
| C. | Scheduled Banks |
| D. | none of these |
| Answer» A. Scheduled Banks | |
| 50. |
The first bank to set up a separate merchant banking division in India. |
| A. | Punjab national bank |
| B. | Standard charted bank |
| C. | National & Grin days bank |
| D. | National city bank. |
| Answer» A. Punjab national bank | |
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