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) .
| 151. |
International Bank for Reconstruction and Development is popularly known as |
| A. | International bank |
| B. | Overseas bank |
| C. | World bank |
| D. | IMF |
| Answer» C. World bank | |
| 152. |
Payment of premium by a commercial bank is a part of their........ System. |
| A. | Deposit |
| B. | Agency |
| C. | Exchange |
| D. | Utility |
| Answer» B. Agency | |
| 153. |
Unit banks are linked with bigger banks by a system called........ |
| A. | Mixed banking |
| B. | Group banking |
| C. | Correspondent banking |
| D. | Network banking |
| Answer» C. Correspondent banking | |
| 154. |
Bank is a “factory” of............. |
| A. | Cash |
| B. | Coins |
| C. | Credit |
| D. | Deposit |
| Answer» C. Credit | |
| 155. |
NPA stands for............. |
| A. | Normal Profit Achievement |
| B. | Nonperforming Assets |
| C. | Non profit Advances |
| D. | Non performing Agents |
| Answer» B. Nonperforming Assets | |
| 156. |
Commercial banks act as income tax consultant. This is a.............. function. |
| A. | Lending |
| B. | Utility |
| C. | Agency |
| D. | Demand. |
| Answer» B. Utility | |
| 157. |
.......... Ratio refers to that portion of total deposits of commercial bank which it has to keep with central bank in the form of cash reserve. |
| A. | SLR |
| B. | CRR |
| C. | PLR |
| D. | REPO |
| Answer» B. CRR | |
| 158. |
Non Banking Financial Corporation’s (NBFCs) are otherwise known as........... |
| A. | Narrow banks |
| B. | Para banks |
| C. | Virtual banks |
| D. | Link banks |
| Answer» B. Para banks | |
| 159. |
Maximum period for which deposits can be obtained by a NBFC is |
| A. | 5 years |
| B. | 15 years |
| C. | 10 years |
| D. | 2 years |
| Answer» C. 10 years | |
| 160. |
In banking sector, KYC stands for |
| A. | Kid and young customers |
| B. | Know youth creditors |
| C. | Know your customers |
| D. | Know your cash requirements. |
| Answer» C. Know your customers | |
| 161. |
The process of replacing physical cheque with electronic cheque is.......... |
| A. | Demat |
| B. | Remat |
| C. | Truncation |
| D. | Securitisation |
| Answer» C. Truncation | |
| 162. |
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFASIA) came into effect on............. |
| A. | Jan 2002 |
| B. | June 2002 |
| C. | May 2000 |
| D. | April 2001 |
| Answer» B. June 2002 | |
| 163. |
Commission recommended for the formation of RBI is |
| A. | Narasimham commission |
| B. | Tandem commission |
| C. | Hil Ton Young commission |
| D. | None of these. |
| Answer» C. Hil Ton Young commission | |
| 164. |
Dues made by debtors are............... |
| A. | NPA |
| B. | NPS |
| C. | CRR |
| D. | PLR |
| Answer» A. NPA | |
| 165. |
---------- represents the rate at which the central bank absorbs liquidity from the banks |
| A. | Repo |
| B. | CRR |
| C. | PLR |
| D. | Reverse Repo |
| Answer» D. Reverse Repo | |
| 166. |
The first foreign bank which introduced merchant bank in India is |
| A. | Grindlays bank |
| B. | HSBC |
| C. | City bank |
| D. | Ceylon bank |
| Answer» A. Grindlays bank | |
| 167. |
The first Indian public sector bank which introduced its own merchant bank division in India |
| A. | Canara bank |
| B. | PNB |
| C. | SBI |
| D. | Syndicate bank |
| Answer» C. SBI | |
| 168. |
Which of the following is quantitative measure of credit control of RBI |
| A. | Direct action |
| B. | Moral suasion |
| C. | Open market operation |
| D. | Margin requirement |
| Answer» C. Open market operation | |
| 169. |
Banking Regulation Act passed in the year |
| A. | 1969 |
| B. | 1934 |
| C. | 1949 |
| D. | 1956 |
| Answer» C. 1949 | |
| 170. |
The first development bank in India is |
| A. | IDBI |
| B. | IFCI |
| C. | ICICI |
| D. | SIDBI |
| Answer» B. IFCI | |
| 171. |
ICICI was established in the year |
| A. | 1980 |
| B. | 1948 |
| C. | 1955 |
| D. | 1964 |
| Answer» C. 1955 | |
| 172. |
SIDBI was established as a wholly owned subsidiary of.......... |
| A. | IFCI |
| B. | SFC |
| C. | IDBI |
| D. | RBI |
| Answer» C. IDBI | |
| 173. |
The apex development bank in India is |
| A. | IFCI |
| B. | IDBI |
| C. | SIDBI |
| D. | RBI |
| Answer» B. IDBI | |
| 174. |
The apex financial institution in India is |
| A. | IFCI |
| B. | IDBI |
| C. | NABARD |
| D. | RBI |
| Answer» D. RBI | |
| 175. |
ATM stands for........... |
| A. | Any Time Money |
| B. | Automatic Teller machine |
| C. | Automated Teller Machine |
| D. | Automatic Transfer Money |
| Answer» C. Automated Teller Machine | |
| 176. |
Central Land Mortgage Bank was started in Madras in |
| A. | 1920 |
| B. | 1921 |
| C. | 1922 |
| D. | 1929 |
| Answer» D. 1929 | |
| 177. |
Central Co-operative banks are organised at........... level |
| A. | Taluk |
| B. | District |
| C. | State |
| D. | National |
| Answer» B. District | |
| 178. |
Head quarters of RBI is |
| A. | New Delhi |
| B. | Mumbai |
| C. | Calcutta |
| D. | Nasik |
| Answer» B. Mumbai | |
| 179. |
Head quarters of NABARD is |
| A. | New Delhi |
| B. | Mumbai |
| C. | Calcutta |
| D. | Nasik |
| Answer» B. Mumbai | |
| 180. |
Area of operation of RRB comprises of |
| A. | One or more district |
| B. | A state |
| C. | Two or more states |
| D. | Taluk |
| Answer» A. One or more district | |
| 181. |
Chairman of NABARD is appointed by |
| A. | UPSC |
| B. | SSC |
| C. | RBI |
| D. | Central Govt. |
| Answer» D. Central Govt. | |
| 182. |
LAB stands for...... |
| A. | Lead Area Bank |
| B. | Local Area Bank |
| C. | Lending and Borrowing |
| D. | Leading and Banking |
| Answer» B. Local Area Bank | |
| 183. |
Largest bank in the world (asset wise) is....... |
| A. | BNP Paribus |
| B. | SBI |
| C. | German Bank |
| D. | British Bank of Middle East |
| Answer» A. BNP Paribus | |
| 184. |
Largest bank in the world in branches is....... |
| A. | BNP Paribus |
| B. | SBI |
| C. | German Bank |
| D. | HSBC |
| Answer» B. SBI | |
| 185. |
The present Governor of RBI is |
| A. | Bimal Jalan |
| B. | Subba Rao |
| C. | Raghuram Rajan |
| D. | Rangarajan |
| Answer» C. Raghuram Rajan | |
| 186. |
Industrial Reconstruction Bank of India(IRBI) was established in the year |
| A. | 1961 |
| B. | 1960 |
| C. | 1985 |
| D. | 1975 |
| Answer» C. 1985 | |
| 187. |
............ is “Pay later product” |
| A. | Debit card |
| B. | ATM card |
| C. | Credit card |
| D. | Both a&b |
| Answer» C. Credit card | |
| 188. |
............ is “Pay now product” |
| A. | Debit card |
| B. | ATM card |
| C. | Credit card |
| D. | Charge card |
| Answer» A. Debit card | |
| 189. |
Banking Ombudsman was established in........... |
| A. | 1993 |
| B. | 1997 |
| C. | 1995 |
| D. | 1987 |
| Answer» C. 1995 | |
| 190. |
Another name of credit card is....... |
| A. | Debit card |
| B. | Money card |
| C. | Plastic money |
| D. | Card money |
| Answer» C. Plastic money | |
| 191. |
Credit card was first time launched in the world by.......... |
| A. | British bank |
| B. | Bank of America |
| C. | HSBC |
| D. | SBI |
| Answer» B. Bank of America | |
| 192. |
“Either of Survivor” account in a bank is............account |
| A. | Minors Account |
| B. | Joint account |
| C. | Saving account |
| D. | Double account |
| Answer» B. Joint account | |
| 193. |
RTGS stands for......... |
| A. | Rural Transactions of Government services |
| B. | Real Time Gross Settlement |
| C. | Recurring and Term Gross Savings |
| D. | Real Time Government Service |
| Answer» B. Real Time Gross Settlement | |
| 194. |
A Head quarter of SIDBI is.......... |
| A. | New Delhi |
| B. | Mumbai |
| C. | Calcutta |
| D. | Lucknow |
| Answer» D. Lucknow | |
| 195. |
The first new generation bank starts its operation in India |
| A. | ICICI |
| B. | HDFC |
| C. | AXIS bank |
| D. | Centurion |
| Answer» A. ICICI | |
| 196. |
The first new private sector bank is............... |
| A. | HDFC bank |
| B. | ICICI bank |
| C. | Centurion bank |
| D. | UTI bank |
| Answer» D. UTI bank | |
| 197. |
Money lenders in Kerala come under purview of........ |
| A. | Banking Regulation Act |
| B. | Indian Companies Act |
| C. | Kerala Banking Regulation Act |
| D. | Kerala Money lenders Act |
| Answer» D. Kerala Money lenders Act | |
| 198. |
Imperial bank of India was established by amalgamation of .......... presidency banks |
| A. | 3 |
| B. | 5 |
| C. | 7 |
| D. | 10 |
| Answer» A. 3 | |
| 199. |
Custodian of National Rural Credit Stabilisation Fund |
| A. | RBI |
| B. | SBI |
| C. | NABARD |
| D. | ARBI |
| Answer» C. NABARD | |
| 200. |
Number of public sector Banks in India |
| A. | 14 |
| B. | 20 |
| C. | 21 |
| D. | 28 |
| Answer» D. 28 | |
Done Studing? Take A Test.
Great job completing your study session! Now it's time to put your knowledge to the test. Challenge yourself, see how much you've learned, and identify areas for improvement. Don’t worry, this is all part of the journey to mastery. Ready for the next step? Take a quiz to solidify what you've just studied.