McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Arts in Economics (BA Economics) .
| 1. |
The first chartered bank was established at--------------------- |
| A. | japan |
| B. | philadelphia |
| C. | india |
| D. | france. |
| Answer» B. philadelphia | |
| 2. |
The first chartered bank was established in the year -------------------- |
| A. | 1781 |
| B. | 1775 |
| C. | 1870 |
| D. | 1881. |
| Answer» A. 1781 | |
| 3. |
Bank is an institution which deals with -------------- |
| A. | money |
| B. | treatment |
| C. | education |
| D. | communication. |
| Answer» A. money | |
| 4. |
The word meaning of Banco is --------------- |
| A. | heap |
| B. | gold |
| C. | deposit |
| D. | loan. |
| Answer» A. heap | |
| 5. |
Bank of Hindustan was established at ------------------------- |
| A. | bombay |
| B. | chennai |
| C. | kolkatta |
| D. | bengal. |
| Answer» A. bombay | |
| 6. |
General Bank of India was established in ----------------------- |
| A. | 1771 |
| B. | 1775 |
| C. | 1786 |
| D. | 1780. |
| Answer» C. 1786 | |
| 7. |
Upper bank of India was established in ----------- |
| A. | 1860 |
| B. | 1870 |
| C. | 1863 |
| D. | 1865. |
| Answer» C. 1863 | |
| 8. |
Second phase of Indian banks were nationalized in |
| A. | 1960 |
| B. | 1969 |
| C. | 1970 |
| D. | 1869. |
| Answer» B. 1969 | |
| 9. |
The third phase of development banking in India started in early |
| A. | 1980 |
| B. | 1990 |
| C. | 1960 |
| D. | 1965. |
| Answer» B. 1990 | |
| 10. |
The apex institution in the financial system of a country is |
| A. | central bank |
| B. | state bank |
| C. | national bank |
| D. | federal bank. |
| Answer» A. central bank | |
| 11. |
Industrial bank also known as |
| A. | investment bank |
| B. | state bank |
| C. | commercial bank |
| D. | unit bank. |
| Answer» A. investment bank | |
| 12. |
SIDBI was established in the year: [a]1990 [b]1995 [c]1985 [d]1969. 16. RRBs are coming under |
| A. | private sector |
| B. | public sector |
| C. | co-operative sector |
| D. | domestic sector. |
| Answer» A. private sector | |
| 13. |
Initially central bank was established at |
| A. | mumbai |
| B. | chennai |
| C. | new delhi |
| D. | calcutta. |
| Answer» D. calcutta. | |
| 14. |
The central office of RBI is at ---------------------------- |
| A. | mumbai |
| B. | chennai |
| C. | new delhi |
| D. | calcutta. |
| Answer» A. mumbai | |
| 15. |
Central bank was nationalised in: [a]1949 [b] 1934 [c] 1935 [d] 1940. 20. RBI was established in the year------------------------- |
| A. | 1935 |
| B. | 1949 |
| C. | 1934 |
| D. | 1940. |
| Answer» A. 1935 | |
| 16. |
Which one is the banker’s bank? |
| A. | rbi |
| B. | federal bank |
| C. | union bank |
| D. | bank of india. |
| Answer» A. rbi | |
| 17. |
Which one is the custodian of foreign balances of country? |
| A. | rbi |
| B. | federal bank |
| C. | union bank |
| D. | bank of india. |
| Answer» A. rbi | |
| 18. |
Which one is the controller of credit? |
| A. | rbi |
| B. | federal bank |
| C. | union bank |
| D. | bank of india. |
| Answer» A. rbi | |
| 19. |
IFCI was established in the year................ |
| A. | 1948 |
| B. | 1956 |
| C. | 1935 |
| D. | 1934. |
| Answer» A. 1948 | |
| 20. |
Money market is a part of |
| A. | capital market |
| B. | rbi |
| C. | sbt |
| D. | financial market. |
| Answer» D. financial market. | |
| 21. |
Money market is a market for-------------------fund |
| A. | short term fund |
| B. | long term fund |
| C. | secular fund |
| D. | mid term fund. |
| Answer» A. short term fund | |
| 22. |
CDs was introduced in: |
| A. | 1989 |
| B. | 1982 |
| C. | 1985 |
| D. | 1990 |
| Answer» A. 1989 | |
| 23. |
Commercial papers were introduced in: |
| A. | 1989 |
| B. | 1982 |
| C. | 1985 |
| D. | 1990 |
| Answer» D. 1990 | |
| 24. |
Treasury bills are issued by |
| A. | rbi |
| B. | imf |
| C. | ibrd |
| D. | ifci. |
| Answer» A. rbi | |
| 25. |
Treasury bills are available for minimum amount of Rs.------------------- |
| A. | 20000 |
| B. | 25000 |
| C. | 10000 |
| D. | 30000. |
| Answer» B. 25000 | |
| 26. |
The government of India passed the SFC Act in --------------------- |
| A. | 1951 |
| B. | 1960 |
| C. | 1945 |
| D. | 1950. |
| Answer» A. 1951 | |
| 27. |
Maturity period of CDs ranges from |
| A. | above 1 year |
| B. | 3 months to 1 year |
| C. | 5 month |
| D. | 1 month. |
| Answer» B. 3 months to 1 year | |
| 28. |
MMMFs was introduced by |
| A. | rbi |
| B. | commercial bank |
| C. | adb |
| D. | idbi. |
| Answer» A. rbi | |
| 29. |
MMMFs was introduced in |
| A. | 1990 |
| B. | 1991 |
| C. | 1992 |
| D. | 1993 |
| Answer» C. 1992 | |
| 30. |
The goal of MMMFs was to provide short term avenue to: |
| A. | farmers |
| B. | businessmen |
| C. | investors |
| D. | unemployed |
| Answer» C. investors | |
| 31. |
DFHI was set up in |
| A. | 1988 |
| B. | 1982 |
| C. | 1956 |
| D. | 1948. |
| Answer» A. 1988 | |
| 32. |
REPO rate was introduced in |
| A. | 1990 |
| B. | 1992 |
| C. | 1982 |
| D. | 1980. |
| Answer» B. 1992 | |
| 33. |
On 29th September 2015 repo rate is |
| A. | 6.75 |
| B. | 6.25 |
| C. | 6 |
| D. | 6.5 |
| Answer» A. 6.75 | |
| 34. |
Reverse repo is introduced in |
| A. | january 1996 |
| B. | april1996 |
| C. | november 1996 |
| D. | december 1996. |
| Answer» C. november 1996 | |
| 35. |
On 29th September 2015 reverse repo rate is |
| A. | 5.75 |
| B. | 6.25 |
| C. | 5 |
| D. | 6.5 |
| Answer» A. 5.75 | |
| 36. |
Find odd one |
| A. | e-banking |
| B. | virtual banking |
| C. | online banking |
| D. | m-banking. |
| Answer» D. m-banking. | |
| 37. |
Find odd one |
| A. | chit funds |
| B. | nidhis |
| C. | finance companies |
| D. | indigeneous bankers. |
| Answer» D. indigeneous bankers. | |
| 38. |
On 29th September 2015 bank rate is |
| A. | 5.75 |
| B. | 6.25 |
| C. | 7.75 |
| D. | 6.5 |
| Answer» C. 7.75 | |
| 39. |
On 29th September 2015 the percentage of CRR is |
| A. | 4.75 |
| B. | 4 |
| C. | 4.5 |
| D. | 6.5 |
| Answer» B. 4 | |
| 40. |
On 29th September 2015 the SLR is |
| A. | 20 |
| B. | 21.5 |
| C. | 21 |
| D. | 20.5. |
| Answer» C. 21 | |
| 41. |
The method of banking in which customers conduct transaction through internet |
| A. | mobile bank |
| B. | e-bank |
| C. | e-commerce. |
| D. | tele banking. |
| Answer» B. e-bank | |
| 42. |
Voice recognition capability can be through |
| A. | e-banking |
| B. | tele banking |
| C. | m-banking |
| D. | sms banking. |
| Answer» C. m-banking | |
| 43. |
Consortium means ------------------------- |
| A. | partnership |
| B. | owner |
| C. | manager |
| D. | individual. |
| Answer» A. partnership | |
| 44. |
Banking with a conscience is -------------------- |
| A. | tele banking |
| B. | social banking |
| C. | sms banking |
| D. | m-banking. |
| Answer» B. social banking | |
| 45. |
Ethical Banking is -------------------- |
| A. | tele banking |
| B. | social banking |
| C. | sms banking |
| D. | m-banking. |
| Answer» B. social banking | |
| 46. |
Alternative Banking is -------------------- |
| A. | tele banking |
| B. | social banking |
| C. | sms banking |
| D. | m-banking. |
| Answer» B. social banking | |
| 47. |
Civic Banking is -------------------- |
| A. | tele banking |
| B. | social banking |
| C. | sms banking |
| D. | m-banking. |
| Answer» B. social banking | |
| 48. |
Sustainable Banking is -------------------- |
| A. | tele banking |
| B. | social banking |
| C. | sms banking |
| D. | m-banking. |
| Answer» B. social banking | |
| 49. |
Which one serves as a form of revolving credit? |
| A. | social bank |
| B. | debit card |
| C. | credit card |
| D. | e-purse. |
| Answer» C. credit card | |
| 50. |
ATM and debit cards are combined in to a single card called |
| A. | bank card |
| B. | atm |
| C. | credit card |
| D. | e-purse. |
| Answer» C. credit card | |
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