MCQ

1.
What is CRR
a) Bank rate b) forex rate c) A credit control measure of RBI d) Credit rating
2. Vishing is a fraudulent act which means
(a) sending fake e-mails (b) sending fake SMS (c) sending wishes thro e-mails (d) sending wishes
thro SMS
3. Minimum paid-up capital of a private bank should have Rscrores.
a) 100 b) 200 c) 300 d) 500
4. PPP in RBIs approach stand for
a) Private Participation in Profit
b) Peoples Participation in progress
c) Peoples Participation in Parivartan d) Public Private Participation
5. Banking Ombudsman means
a) person appointed to recover dues from defaulting borrowers
b) person to whom customer can approach for redressal of their grievances
c) person appointed to settle dispute between employees and employer
d) None of these
6. What is called Repo rate :
a) At which RBI adds funds to Market b) At which SBI gives funds to Associates
c) At which Banks borrow from each other d) AT which RBI absorbs funds from market
7.What is called Reverse Repo Rate:
a) At which RBI adds funds to Market b) At which SBI gives funds to Associates
c) At which Banks borrow from each other d) AT which RBI absorbs funds from market
8. White card means
a) Co-branded credit card with out logo of the issuer
b) Credit card with logo of both issuer and sponsorer
c) Litchi card issued in Uttaranchal
d) Card used in Hockey
9. BSE index comprises of scrips of companies .
a) 20 b) 30 c) 50 d) 100
10. NEFT stands for
a) National Emergency Fund For Traders b) National Emergency Fund Transfer
c) National Electronic Fund Transfer
d) National Electronic Financial Trust
11. In the Wholesale Price Index(WPI) food articles have a weight of ..%
a) 15.4 % b) 25.0% c) 35.5 % d) 50.2 %
12. The Target prescribed by the Reserve Bank of India, for extending Credit to the Weaker
Sections of the Society is ___% of Net Bank Credit
a) 40.00% b) 18.00 % c) 10.00 % d) 16.00 %
13. RBIs financial year starts from

a)1st July b) 1st December c) 1st June d) 1st April
14. What do you mean by Repo?
a) Rate equal to Bank rate b) Rate RBI charges on funds lent to banks/
c) Rate offered to Blue chip companies d) None of these
15. Total goods and services manufactured with in the country in a financial year is called
a)GNP b) GDP c) NNP d) NDP
16. CBLO stands for
a) Centre for Business Link Office
b) Centre for Business and Loans Outsourcing
c) Collateralised Banking and Lending Office d) Collateralised Borrowing and Lending
Obligation
17. Which one of the following contributes maximum to the financing of the combined Gross
Fiscal Deficit of the Centre and States ?
a) Market Borrowings b) Small Savings c) External Assistance d) State Provident Funds
18. GDP is computed with a base year as
a) 1993-94 b) 1998-99 c) 1999-2000 d) 2002-03
19. Maximum compensation can be awarded by the State Consumer Forum under COPRA is
a)Rs20 lacs b) Rs50 lacs c) Rs75 lacs d) Rs100lacs
20. Finance to rural mass without collateral is called
a)Faith banking b) Narrow banking c) Notice banking d) None of these
21. WHISTLEBLOWING refers to
a) Employees of Banks reporting directly to RBI any instances of irregularities in their
organisation. b) Whistling Merrily and Walking in a Park
c)Signal of Crashing Stock markets d)Booking Heavy Profits through speculation
22. International Chamber of Commerce (ICC) is headquartered at
a)Washington DC b) New York c) Geneva d) Paris
23. Which of the following is True in respect of Right To Information Act 2005 ?
a) Give Citizens of India access to Public Information
b) Will promote transparency and accountability in Public Offices
c) Information to be furnished within 30 days of receipt of query
d) Applicant to Deposit Rs 10.00 with application
e) All of these
24. The Base Year of CPI (Consumer Price Index) for Industrial Workers has been revised to ..
a) 2005 b)2000 c) 2001 d) 2002
25. Who is Popularly known as the MILKMAN of India ?
a)Dr Sam Pitroda b)Dr Amartya Sen c) M S Swaminathan d) Dr V J Kurien
26. The headquarters of International Monetary Fund is located at :

a)New York b). London c) Washington DC d) Geneva
27. Largest Provider of Infrastructure Debt in India:
a) RBI
b)CBI
c)SBI
d)HDFC
28. Indias first credit Information bureau is
a) ARC b) ICICI c) CRISIL d) CIBIL
29. What is the temporary tax levied to obtain additional revenue to the Government called?
a) Cess b) Rate c) Duty d) Surcharge
30. During The last 5 years , the contribution of Services Sector to the overall growth of GDP
was in the range of %
a) 35- 40 b) 45-50 c) 55-60 d) 65-70
31. The authority to regulate mutual funds and stock market lies with:
a. Reserve Bank of India b. Securities & Exchange Board of India
c. Government of India d. Stock Exchange
32. What is armchair banking?
a.Internet Banking b. Narrow Banking c. Fusion Fund Banking d. None of these
33. The Headquarters of The Bank for International Settlements (BIS) is located at
a) GENEVA b)BASLE c) MANILA d) AMSTERDAM
34.The day which is called as Banks Nationalisation day
a)19th JulY
b) 1st Jan
c) 5th July
d) 1st July
35. The Housing Price Index launched by HDFC is known as
a)HOMEINDEX b) GRUHASUCHI c) RESIDEX d) HOUSEINDEX
36. National Consumer Day is celebrated on
a) Nov 24th b) Dec 24th c) Jan 24th d) Feb 24th
37. My 40 Years with SBI is Written by
a) A.K Purwar b) D.N Ghosh c) P.G Kakodkar d) O.P Bhatt
38. The WorldBank is headquartered at :
a)Geneva b) Washington DC. c) The Hague d) Amsterdam
39. The Headquarters of Asian Development Bank (ADB) are located at
a) Manila b) Tokyo c) Kyoto d) Johannesburg
40. Narrow Banking Means:

a) Entry is narrow b) Restricted number of accounts c) Limited activities d) None of these
41. Banking ombudsman has been constituted under which act?
a) Banking Regulation Act b) RBI Act c) SBI Act d) COPRA
42.SBIs joint venture partner for Life Insurance (SBI Life)
a) Cardiff
b) IAG c) Prudential life
d) Godrej
43. Which of the following NBFC converted itself into a commercial Bank?
a) Tata Finance b) Reliance Capital Trust c) Birla Mutual d) Kotak Mahindra
e) None of these
44. What is the Maximum foreign investment permitted in private sector bank?
a) 24%
b) 48%
c) 74%
d) None of these
45. When an Insurance company sell banking products it is called
a) Assurbanka
b) Assurinsure
c) Assurfinance
d) None
46. Name the regulatory authorities for financial network in the country.
a) RBI, Govt of India
b) RBI and SBI
c) RBI, SEBI
d) None of these
47. Purpose of REPO is

a) To Increase liquidity into the system.
b) To enable the buyer and seller to sell back and buy back
d) None of the above
48. WTO means
a) World Tourism Organisation
c) World Trade Organisation
c) Both a) & b)
b) World Terrorist Organisation

d)Whole Trade Organisation
49. CHIPS stands for

a) Clearing House for Inter Bank Payment System
b) Cleaning House for India Business Payment System
c) Clearing House for Information Publication System
d) None of the above
50. Who issues license to banks for carrying on insurance business ?

a) SEBI
b) RBI
c) IRDA
d) NABARD

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1.

13. RBIs financial year starts from

26. The headquarters of International Monetary Fund is located at :

40. Narrow Banking Means:

47. Purpose of REPO is

b) World Terrorist Organisation

49. CHIPS stands for

d) None of the above

50. Who issues license to banks for carrying on insurance business ?

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