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MCQs on Banking and Finance

SET 6:- 23 MCQs

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MCQs on Banking and Finance

Q1. Which country topped the Forbes' List of Best Countries for Business in 2018 ?

[A] China

[B] New zealand

[C] U.K.

[D] Netherlands

Q.2 Which program has been launched by the Union Ministry of External Affairs (MEA) to bring Indian foreign
policy to students across the country?

[A] SAMVARTI

[B] SAMVEDA

[C] SAMPARK

[D] SAMEEP

Q.3 Auction of treasury bills is done by which of the following organisations?

[A]RBI

[B]SEBI

[C]IRDA

[D]DICGC

Q.4 The Certificate of Deposit (CD) is a negotiable money market instrument and issued in the form of

[A]Derivative Usance Promissory Note

[B]Usance Promissory Note

[C]Demand Promissory Note

[D]Both a & b

Q.5 In which among the following accounts, no cheque book is issued?

[A]Minor Account

[B]Joint Account

[C]Illiterate Account

[D]Non Resident Account

Q.6 Who monitors Priority Sector Lending (PSL) in commercial banks?

[A]Reserve Bank of India (RBI)

[B]Small Industries Development Bank of India (SIDBI)

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MCQs on Banking and Finance
[C]National Bank for Agriculture and Rural Development

[D]Government of India (GOI)

Q.7 In terms of Credit Cards, what is a Hot Card?

[A]Newly issued Card

[B]Invalid Card

[C]Stolen Card

[D]Unpaid Card

Q.8 With reference to the Credit Card number, which digits identify the Credit Card Network?

[A]Initial two

[B]Initial Four

[C]Last two

[D]Last four

Q.9 The funds set aside by the banks as fraction to the loans to cover up losses is called __?

[A]Provisioning Coverage Ratio (PCR)

[B]Capital Adequacy Ratio (CAR)

[C]Loan to Coverage Ratio

[D]Cash Reserve Ratio

Q.10 Deposits made in which among the following does not come under Deposit Insurance Scheme?

[A]Regional Rural Banks

[B]Private Banks

[C]Non-scheduled Commercial Banks

[D]Primary Agricultural Credit Societies (PACS)

Q.11 What is the India’s ranks on a list of countries with highest Non-performing Assets (NPA) levels, according
to latest report by CARE Ratings?

[A] 5th

[B] 13th

[C] 25th

[D] 9th
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MCQs on Banking and Finance
Q.12 Under which qualitative tool, RBI fixes maximum limit to loans and advances that can be made above
which the commercial banks cannot exceed?

[A]Rationing of credit

[B]Margin Requirement

[C]Loan to Value ratio

[D]Moral suasion
Q.13 Samsung has tied-up with which bank to offer ‘Bill Payments’ on Samsung Pay?

[A] SBI

[B] ICICI Bank

[C] HDFC Bank

[D] Axis Bank

Q.14 In context with banking, the Average daily balance is a term related to__:

[A]Fixed Deposits

[B]Loans

[C]Credit Cards

[D]Current and Saving Accounts

Q.15 In context with banking in India, a Custodial Account is created for __:

[A]Illiterates

[B]Women

[C]Minor persons

[D]Senior Citizens

Q.16 Under which of the following rates, the banks avail long term loans from Reserve Bank of India (RBI) by
putting no collateral securities?

[A]Bank rate

[B]Repo rate

[C]Reserve repo rate

[D]Marginal Standing Facily

Q.17 If an account holder withdraws more money from a bank account than has been deposited in it, then it is
called __:

[A]Cash credit

[B]Advance

[C]Overdraft
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MCQs on Banking and Finance
[D]Demand Draft

Q.18 The difference between the rate at which the interest is paid on deposits and is charged on loans is called?

[A]Spread

[B]Advance

[C]Cash credit

[D]None of the above

Q.19 Non-scheduled banks are defined in which of the following acts?

[A]Banking Regulation Act, 1949

[B]RBI Act 1934

[C]Banking Companies Act, 1949

[D]None of the above

Q.20 India’s first crypto-currency exchange “Coinome” has launched by which payment gateway?

[A] Direcpay

[B] Citrus Pay

[C] Billdesk

[D] Payzippy

Q.21 Under whose chairmanship the 15th Finance Commission has been constituted by the Union Government?

[A] Arvind Mehta

[B] Ramesh Chand

[C] NK Singh

[D] Shaktikanta Das

Q.22 Where is the headquarters of the European Bank for Reconstruction & Development (EBRD)?

[A] Geneva

[B] Paris

[C] London

[D] Berlin

Q.23 Which bank has launched a unified integrated app YONO (You Need Only One) for financial services?

[A] Punjab National bank

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MCQs on Banking and Finance
[B] ICICI Bank

[C] State Bank of India

[D] HDFC Bank