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Bank Mcq Question Set 6
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1. Which one of the following is controlled by the world wide web?
Virtual Banking
Universal banking
Wholesale Banking
None of these
2. Capital markets are also kown as_______
financial markets
share Markets
financial institution
all of the above
3. City Union Bank Headquarter situated in______________?
Asam
New Delhi
Tamil Nadu
Maharashtra
4. To promote the concept of charity towards the poor and the needy, the Indian government has been regularly encouraging people to donate and this donation can also be claimed as a deduction under______
Section 80
Section 80E
Section 80F
Section 80G
5. In Online Banking information processing system, A touchscreen is a/an___________?
Input device
Touch device
Output device
All of the above
6. Which among the following is NOT a subsidiary of RBI?
SIDBI
NABARD
National Housing Bank
Bharatiya Reserve Bank Note Mudran Private Limited
7. ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with________________
Loans
Capital Market
Ponzi Schemes
World Bank Grants
8. In finance, a derivative is a_______________.
Return
Contract
Legal Agreement
None of these
9. In finance, __________is a profit on an investment.
Return
Interest
Both (a) and (b)
Principal sum
10. Finance is a field that deals with the study of____________.
Rules
Money
Investments
None of these
11. The Bombay Stock Exchange (BSE) Established in______________.
1855
1865
1875
1885
12. The markets catering the need of short term funds are called__________.
Insurance
Money Markets
Capital Markets
None of these
13. Call Money, Notice Money and Term Money markets are sub-markets of the ______________.
USA Money Market
Indian Money Market
Japan Money Market
All of the above
14. The Government of India is planning to revive which of the following types of banks by infusing fresh capital?
Public Sector Banks
Private Sector Banks
Regional Rural Banks
Developmental Institutes who have converted themselves into Banks
15. �A banknote is also known as a ___________.
Bill
Paper money�
Simply a note
All of these
16. First Indian bank to open a branch outside India is_______.
Canara Bank
Bank of India
State Bank of India
Punjab National Bank
17. �The first bank purely managed by Indian was Punjab National Bank. PNB was established in Lahore in________.
1895
1905
1915
1925
18. First Indian bank to Introduce internet banking
UCO Bank
ICICI bank
HDFC bank
Bank of India
19. First Bank in India to launch Talking ATMs for differently-able person?
UCO Bank
HDFC bank
State Bank of India
Union Bank of India
20. if Reserve Bank of India hikes interest rates by 25 basis points in its monetary policy, then a commercial bank would like to increase it's interest rates on loans by 25 basis points of___________?
Base rate
Repo rate
Prime Lending Rate
Saving account interest rate
21. NBFCs are an important part of the Indian financial system. what is meant by this term?
Non banking Fiscal Companies
Non Banking Financial Companies
New Banking Financial Companies
Neo Banking Financial Confederation
22. USSD stands for?
Unstructured Supplementary Service Data
Unstructured Supplementary Stolen Data
Universal Supplementary Service Data
Unstructured Standard Service Data
23. A cheque returned for insufficiency of funds. Payee will have right to notice and approach court of law for justice under section 138 of which act?
Indian Contract Act
Criminal Procedure Code
Negotiable Instrument Act
Payment and Settlement Act
24. Which of the following is not a primary function of a Bank?
Granting loans
Issuing bank drafts
Selling Gold/Silver Coins
Arranging VISA for students for abroad education
25. Which of the following is not classified as a Commercial Bank?
Foreign Bank
Public Sector Bank
Regional Rural Bank
Urban Cooperative Bank
26. Which of the following tools is used by the RBI to control credit and monetary situations of the markets
ECS
NEFT
CRR
RTGS
27. Which of the following is not a banking term?
MIBOR
Entry load
Letter of credit
Factoring services
28. The New Capital Adequacy Frame work prescribed for the banks is commonly known as?
KYC norms
Credit Policy
Fiscal Policy
Basel accord
29. What is an Indian Depository Receipt?
A deposit account with a Public Sector Bank
A depository account with any of depositories
An instrument in the form of deposit receipt issued by Indian depositories
An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company
30. Land Development Banks form a part of the?
Commercial Banks
Food Corporation of India
Cooperative Credit Structure
Industrial Development Bank of India
31. Which of the following cannot be called as a value Added Service offered by bank?
Free cheque books
Accident Insurance Cover
Instant credit of outstations cheques
Special Accounts for poor sections of society
32. The minimum number of women required for formation of women groups under Development of women and children in Rural Areas Programme is?
5
10
15
20
33. Which of the following banks is limited to the needs of agriculture and rural finance?
SBI
RBI
IFC
NABARD
34. Open-market operations of Reserve Bank of India refer to?
Auctioning
Trading in securities
Transaction in gold
All of these
35. Which of the following has introduced a new tool named Data Warehousing and Business Intelligence System for speedy analysis of data and identification of violations?
RBI
SBI
TRAI
IRDA
36. The Reserve Bank hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) from the earlier cap of 49 per cent to?
72%
74%
76%
78%
37. Which of the following is NOT part of the scheduled banking structure in india?
Money Lenders
Public Sector Banks
Private Sector Banks
Regional Rural Banks
38. Who is the chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions sector?
C.Rangarajan
Y.H. Malegam
M.Damodaran
Dr K.C.Chakraborty
39. An instrument of qualitative credit control in India is?
Credit rationing
Bank rate policy
Change in reverse ratio
Open market operations
40. Which of the following is the full form of the term SLR as used in the banking sector?
Social Lending Ratio
Separate Lending Rate
Statutory Liquidity Ratio
Scheduled Liquidity Rate
41. World Bank Headquarters is situated in?
UK
USA
India
Japan
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