🧪 BANK MCQ Quiz Hub

1. India is a member of the International Monetary Fund since _____.
1945
1947
1949
1952

2. Which of the following is true about the restrictions on RBI?
It is not to compete with the commercial banks.
It cannot acquire or advice loans against immovable property.
It is prohibited from purchasing its own shares or the shares of any other bank or any company or granting loans on such security.
All of the above

3. When did the Reserve Bank of India notify the draft regulations relating to the Credit Information Companies (Regulation) Act, 2005?
September 30, 2005
April 5, 2006
May 26, 2006
June 29, 2007

4. When did the draft guidelines for building grievance redressal mechanism within NBFCs (Non-Banking Financial Companies) publish?
April 5, 2006
May 26, 2006
June 29, 2007
September 30, 2005

5. According to which guidelines did the Government pick up the entire SBI shares held by the RBI?
Financial Regulations
Securities Commission
National Stock Exchange of India
Securities and Exchange Board of India (SEBI)

6. When did the Government appoint for transfer of stake?
1, APRIL
5,APRIL
26,MAY
29,JUNE

7. What is the full form of CBS?
Core Banking System
Core Banking Service
Core Banking Solution
Core Banking Software

8. Which among the following is the act of taking on a risk for a fee?
Guidewire
Underwriting
Predictive analytics
Initial Public Offering

9. Which among the following is called the rate of interest charged by RBI for lending money to various commercial banks by rediscounting of the bills in India?
Bank Rate
Overnight Rate
Monetary Policy
Discount Window

10. Which of the following are to be followed by Commercial Banks for risk management?
Basel I norms
Basel II norms
Basel III norms
Solvency II norms

11. What is the full form of CRR?
Cash Reserve Rate
Core Reserve Rate
Cash Reserve Ratio
Cash Recession Ratio

12. What is the full form of NDTL?
Net Demand & Tax Liabilities
Net Demand & Time Liabilities
New Demand & Tenure Liabilities
National Deposits & Total Liquidity

13. Which one of the following is known as the recession occurring two times with a small gap in between?
Deflation
Double Inflation
Deep Recession
Double-dip Recession

14. "Basel Committee on Banking Supervision"� is also known as ___________________________.
Global Financial System
Financial Stability Board
Banking Regulation Committee
Bank for International Settlements Committee

15. What is the full form of NAV?
Net Asset Value
Net Actual Value
Net Annual Value
Net Average Value

16. What is the full form of SWIFT?
Safe Window Institute For Transactions
Safe Window In case of Financial Transaction
Safe Window for Interbank Financial Transactions
Society for Worldwide Interbank Financial Telecommunication

17. Which of the following is known as the concept of a standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price?
Market Contract
Futures Contract
Forward Contract
Standard Contract

18. Which one of the following set up core banking infrastructure for rural banks?
IBA
RBI
SIDBI
NABARD

19. Which organization provides credit history of the borrowers?
CII
IRDA
FRBI
CIBIL

20. Which is a tool that helps RBI to stabilize money supply and prices of Government securities?
JIT
OMO
EOQ
EPQ

21. Who regulates the Mutual Funds in India?
RBI
FRBI
SEBI
SIDBI

22. �What is a Lease?
A legal contract between the owner of an asset and its user, containing many conditions including payment of a specified amount by the user to the Owner for use of the asset
A rental agreement between owner of a flat/house and the Tenant, whereby the Tenant pays specified amount on specified dates to the owner
Both (a) and (b)
None of the above

23. What is Factoring?
A method of discounting of long term bills
An arrangement for raising short term money against prepaid expenses
An easy way of raising capital from a factoring company by small business
Selling of account receivables on a contract basis for cash payment to a factor before it is due

24. Which one of the following is called as initial repayment holiday given to a borrower for repayment of loan?
Moratorium
Subvention
Amortization
None of the above

25. Which of the following are Bank advances of a Bank?
Bad debts
Overdrawn accounts
Out of order accounts
Non-performing Assets

26. Which of the following are benefited through the Reserve mortgage scheme?
Minors
Senior citizens
Government employees
All the above

27. Which of the following are the amounts owed to a company that are not going to be paid?
Bad debts
Overdrawn accounts
Out of order accounts
Non-performing Assets

28. Whom with Primary Dealers deal in both primary and secondary markets?
Equities
Debentures
Corporate Bonds
Government Securities

29. What will be the impact if Reserve Bank of India reduces the Bank Rate by 1%?
Less liquidity in the market
More liquidity in the market
No change in the market liquidity
Mobilisation of more deposits by commercial banks

30. What is the full form of IRR?
Internal Rate of Ratio
Internal Reserve Ratio
Internal Rate of Return
Internal Recession Rate

31. Which among the following made the initial contribution for setting up Financial Inclusion Fund and Financial Inclusion Technology Fund?
NABARD, UTI and RBI
SIDBI, NABARD and UTI
Government of India, NABARD and RBI
SIDBI, Government of India and IDBI Bank

32. Which one of the following is known as the real return to the investor getting reduced due to sudden rise in the prices of the commodities?
Cost risk
Market risk
Demand risk
Systemic risk

33. Which of the following is the correct definition of Hot Money?
This is the fund which is pushed into market through illegal methods
This is the fund which is dumped into a country to get the advantage of a favourable interest rate
This is the fund which is provided by a bank in US $ at very short notice and at a very high rate of interest and for a longer period of repayment
None of the above

34. What will bank customers pay for using safe deposit locker facilities?
Rent on locker
Exchange on locker
Commission on locker
Safe custody charges

35. Which one of the following is known as a Savings Bank Account opened with a commercial bank with zero balance or very minimal balance?
No frill account
Current Account
Savings Bank-ordinary Account
Students Savings Bank Account

36. What is Mortgage?
A security created on movable property for a loan given by a bank
A security created on immovable property for a loan given by a bank
A facility created on movable property for a deposit received by a bank
A security created on immovable property for a deposit received by a bank

37. Which is the minimum lending rate decided by RBI which shall be adopted by all Public Sector Banks?
Bank rate
Base rate
Overnight rate
None of the above

38. Which one of the following depicts the financial position of a bank or business enterprise at a given point of time?
Model audit
Balance sheet
Income statement
Cash flow statement

39. What is the full form of FIMMDA?
Fixed Income Money Markets & Derivatives Affiliation
Fixed Income Money Markets & Derivatives Association
Foreign Income Money Markets & Derivatives Association
Floating Income Money Markets & Derivatives Association

40. Which one of the following provides banking services to all villages having a population upto 2000?
Plan for Financial Inclusion Technology
Plan for Financial Exclusion
Plan for Financial Inclusion
None of the above

41. What is the full form of FSDC?
Fiscal Stability and Development Council
Financial Stability and Development Council
Financial Security and Development Council
Financial Security and Development Convention