R4RIN – MCQs, Mock Tests | BANK Bank Mcq Question Set 11

In which of the following States there is no Regional Rural Bank?

1. Goa
2. Punjab
3. Karnataka
4. Uttarakhand

✅ Correct Answer: 1

A cheque bearing the date earlier than the date of submission to the banks is known as__________.

1. Bearer Cheque
2. State Cheque
3. Crossed Cheque
4. Post Dated Cheque

✅ Correct Answer: 4

Which of the following authorities is responsible for maintaining accounts, deposits and cash management of the Government through issue Bonds and Treasury Bills?

1. RBI
2. SBI
3. SEBI
4. IRDA

✅ Correct Answer: 1

A Credit Guarantee Trust Fund has been set up for guaranteeing Collateral Free Facilities by lending institutions to Small Scale Industries. This fund is being managed by which of the following instit

1. RBI
2. SBI
3. SIDBI
4. NABARD

✅ Correct Answer: 3

A bond issued at a price less than its face value and payable on its due date at its face value bearing no ROI (Rate of Interest) is called__________.

1. Perpetual Bond
2. Preference Bond
3. Convertible Bond
4. Zero Coupon Bond

✅ Correct Answer: 4

National Institute of Bank Management is the institute meant for__________.

1. Training of bank employees in Banking
2. Recruitment of Bank Employees at all levels
3. Providing Management personnel to the Banks
4. All of the above

✅ Correct Answer: 4

Which is the biggest Commercial bank of India?

1. Bank of Baroda
2. State Bank of India
3. Punjab National Bank
4. United Commercial Bank

✅ Correct Answer: 2

Whose signature is there on one Rupee note?

1. Governor, RBI
2. Governor, SBI
3. Finance Minister
4. Finance Secretary

✅ Correct Answer: 4

Whose signature is there on 10 Rupee note?

1. Governor, SBI
2. Governor, RBI
3. Finance Minister
4. Finance Secretary

✅ Correct Answer: 2

When was RBI nationalized?

1. 1947
2. 1948
3. 1949
4. 1950

✅ Correct Answer: 3

Where is RBI head office located?

1. Mumbai
2. Kolkata
3. Chennai
4. New Delhi

✅ Correct Answer: 1

Maximum Part of India Foreign Currency is utilized for_________.

1. Iron-Steel Import
2. Food Item Import
3. Petroleum Import
4. Technology Knowledge Import

✅ Correct Answer: 3

From the following in which bank no person can open his account?

1. RBI
2. Rural Bank
3. Commercial Bank
4. Cooperative Bank

✅ Correct Answer: 1

Reserve Bank of India is?

1. Rural bank
2. Central bank
3. Commercial bank
4. Cooperative bank

✅ Correct Answer: 2

Reserve Bank of India does not perform the role of -

1. Bank of Bank
2. Issue of Currency
3. Bank of Government
4. To accept money from public

✅ Correct Answer: 4

In India, currency notes are issued by-

1. Finance Ministry
2. State Bank of India
3. Financial Secretary
4. Reserve Bank of India

✅ Correct Answer: 4

In India, the bank which issued central currency is -

1. Bank of India
2. State Bank of India
3. Central Bank of India
4. Reserve Bank of India

✅ Correct Answer: 4

Who is the first women Deputy Governor of Reserve Bank of India?

1. K.J. Udeshi
2. Pratibha Advani
3. Ranging Kumar
4. Kanchan Choudhary Bhattacharya

✅ Correct Answer: 1

Which is the financial year of Reserve Bank of India?

1. January-December
2. April-March
3. July-June
4. October-September

✅ Correct Answer: 2

Bank which is listed in the 2nd Schedule of the Reserve Bank of India Act, 1934 called__________.

1. Payments Bank
2. Scheduled bank
3. Non-scheduled banks
4. All of the above

✅ Correct Answer: 2

Public sector banks are ___________

1. Payments Bank
2. Non-scheduled banks
3. Scheduled commercial banks
4. None of these

✅ Correct Answer: 3

In finance and economics, a monetary authority is the entity which controls the__________

1. Finincial institution
2. Money supply of a given currency
3. Bank working and its Functionality
4. None of these

✅ Correct Answer: 2

RBI runs a monetary museum, where is situated________________

1. Delhi
2. Karnataka
3. Maharashtra
4. Madhya Pradesh

✅ Correct Answer: 3

RBI has launched a website to provides information about identifying fake currency.

1. https://www.rbi.org.in
2. https://www.rbi.org.com
3. https://paisaboltahai.rbi.org.in
4. https://paisaboltahai.rbi.org.com

✅ Correct Answer: 3

The National Housing Bank (NHB) was established in ________

1. 1987
2. 1988
3. 1989
4. 1990

✅ Correct Answer: 2

Capital Market Regulator is

1. RBI
2. BSE
3. SEBI
4. IRDA

✅ Correct Answer: 3

IMPS stand for

1. Important Payment Service
2. Immediate Payment Service
3. Internet Money Payment Service
4. Internal Market Payment Service

✅ Correct Answer: 2

Which of the following bank launches India's first Mobile ATM?

1. SBI
2. Axis Bank
3. ICICI Bank
4. HDFC Bank

✅ Correct Answer: 3

India's first talking Automated Teller Machine (ATM) for visually impaired located in_________

1. Pune
2. Kolkata
3. New Delhi
4. Ahmedabad

✅ Correct Answer: 4

Which of the following bank has launched mVisa a mobile-based payments solution?

1. SBI
2. ICICI Bank
3. HSBC Bank
4. Canara Bank

✅ Correct Answer: 1

Name the country's first small finance bank which started its operations recently?

1. Utkarsh Micro Finance
2. Capital Local Area Bank
3. Ujjivan Financial Services
4. Disha Microfin Private Limited

✅ Correct Answer: 2

Which Bank has opened its first branch in South Korea that is to play an important role in strengthening economic partnership between the two nations?

1. SBI
2. PNB
3. ICICI
4. HDFC

✅ Correct Answer: 1

What is the minimum capital requirement for New Banks in the Private Sector?

1. Rs. 250 crore
2. Rs. 500 crore
3. Rs. 750 crore
4. Rs. 1000 crore

✅ Correct Answer: 2

Many times we read a term "ECB" in financial newspapers. What is the full form of ECB?

1. External Credit and Business
2. Essential Credit and Borrowing
3. External Commercial Borrowing
4. Essential Commercial Borrowing

✅ Correct Answer: 3

Which among the following banks has launched "Dhanchayat" an educational film to raise awareness on the dangers of borrowing money from unorganised sources?

1. SBI
2. Axis
3. ICICI
4. HDFC

✅ Correct Answer: 3

What is the maximum monthly pension for the subscribers under Atal Pension Yojana?

1. Rs 2000
2. Rs 3000
3. Rs 4000
4. Rs 5000

✅ Correct Answer: 4

If a company which is not a non - banking financial company wants to collect public deposits, it is governed by ___ Act:

1. RBI Act 1934
2. Companies Act 1956
3. Central Government
4. Banking companies Act

✅ Correct Answer: 2

Which among the following has launched a Smart Humsafar Plan, a unique plan which offers multiple benefits of savings and insurance cover for husband and wife under a single policy?

1. LIC
2. NIACL
3. SBI Life
4. ICICI Prudential

✅ Correct Answer: 3

Which country launched world first Facial recognition ATM?

1. US
2. China
3. Japan
4. Canada

✅ Correct Answer: 2

Which type of machine is used by Business Correspondents?

1. POS
2. Micro ATMs
3. Solar empowered
4. Biometric Card Reader

✅ Correct Answer: 4

Which among the following bank has tied up with Chinese ecommerce giant Alibaba to provide easier trade finance to small and medium enterprises (SMEs) in the country?

1. SBI Bank
2. Axis Bank
3. ICICI Bank
4. HDFC Bank

✅ Correct Answer: 3

In India, conventionally, bonds are issued by institutions in ____ sector while debentures by corporate in ____ sector.

1. public, private
2. private, public
3. cooperative, NBFC
4. none of the above

✅ Correct Answer: 1

What is the name of the platform launched by State Bank of India (SBI) that enables customers to book their foreign exchange transactions online?

1. SBI eforex
2. SBI eshare
3. SBI eonline
4. SBI emoney

✅ Correct Answer: 1

In CDR, "R" stands for ____.

1. Ratio
2. Receipt
3. Reserve
4. Restructuring

✅ Correct Answer: 4

The headquarter of NIIF(National Investment and Infrastructure Fund) will be located in ____.

1. Mumbai
2. Chennai
3. Bengaluru
4. New Delhi

✅ Correct Answer: 1

Special Drawing Rights (SDRs) are international foreign exchange reserve assets issued by -

1. IMF
2. ADB
3. WTO
4. World Bank

✅ Correct Answer: 1

Which of the following types of accounts are known as "Demat Accounts"?

1. Zero Balance Accounts
2. Accounts which are operated through internet banking facility
3. Accounts in which shares of various companies are traded in electronic form
4. Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there

✅ Correct Answer: 3