MCQ BANKING OPERATION LUCKNOW UNIVERSITY
UNIT-1
1. Which
of the following is not the function of the RBI?
(a) Banker’s Bank
(b) Controller of credit
(c) Custodian of Foreign
Exchange Reserve
(d) Allotting money
directly to farmers for agricultural development
2. Who issues one rupee
notes in India?
(a) RBI
(b) Ministry of Finance
(c) Ministry of Corporate
Affairs
(d) NABARD
3. When was RBI
established?
(a) 1935
(b) 1949
(c) 1929
(d) 1914
4. Which
of the following sentence is not correct?
(a) RBI was nationalized
on January 1, 1935.
(b) RBI’s head quarter is
in Delhi
(c) RBI is the custodian
of the foreign currency in India
(d) RBI has 4 Deputy
Governors
5. If a farmer want to
take loan to purchase a tractor; which type of bank he should contact?
(a) Commercial banks
(b)
RBI
(c) Regional Rural Bank
(d) NABARD
6. Now who decides the
monetary policy of India?
(a) Reserve Bank of India
(b) Banking Association
of India
(c) Monetary Policy
Committee
(d) NITI Aayog
7. Which of the following
term is not related to banking sector?
(a) BASEL III
(b) Forex Reserve
(c) Statutory Liquidity
Ratio
(d) Marginal Standing
Facility
8. Which of the following
term is not used in the Formation of Monetary Policy?
(a) Cash Reserve Ratio
(b) Repo Rate
(c) Bank Rate
(d) Blue chip
9.
Oudh
Commercial Bank was founded in _______.
a) 1913
b) 1917
c) 1894
d) 1881
10.
Which movement encouraged the formation of
commercial banks?
a) Swadeshi movement
b) Quit India Movement
c) Non Cooperation Movement
d) Civil Disobedience Movement
11. When did the banking crisis of 1913-1917 end?
a) 1917
b) 1949
c) 1955
d) 1959
12. In which year was the Banking Regulation Act
passed?
a) 1949
b) 1955
c) 1959
d) 1969
13. Imperial Bank of India was nationalised in
_______.
a) 1949
b) 1955
c) 1959
d) 1969
14. Which among the following is not a public
sector bank?
a) Allahabad Bank
b) City Union Bank
c) UCO Bank
d) Vijaya Bank
15.
Which bank is known as banker’s bank?
a)
RBI
b) SBI
c)
PNB
d) NABARD
16.
CRR refer s to …………..
a) Cash Reserve Ratio
b) Credit
Reserve Ratio
c)
Common Reserve Ratio
d) None
of these
17.
NBFI s refers to ……….
a)
Non Banking Financial Industries
b) Non Banking Financial Institution
c) Net
Banking Financial Industries
d)
Net Banking Financial Institutions
18.
SLR refers to …………..
a) Statutory Liquidity Ratio
b)
Stability Liquidity Ratio
c)
Safety Liquidity Ratio
d) None of these
19.
IFSC stands for …………..
a.
Indian Financial System Code
b)
International Financial System Code
c)
Indian
Fund Service Code
d)
None of these
20.
RTGS stands for ……………
a) Real Time Gross Settlement
b) Real Term Gross Settlement
c) Real Time Goal Settlement
d) Real Term Goal Settlement
21
SWIFT stands for ……………..
a) Society for Worldwide Internet Financial
Telecommunications
b) Solution for Worldwide Interbank Financial
Telecommunications
C) Society
for Worldwide Interbank Financial Telecommunications
d) Solution for Worldwide Interbank Financial
Telecommunications
22. Which of these is NOT a monetary policy tool?
a)
Discount Rate
b)
Open Market Operations
c)
Balance Accounts
d)
Reserve Requirements
23.
Which is the largest commercial bank of the
country?
a) Bank of India
b) Canara Bank
c) State Bank of India
d) Union Bank of India
24.
When did the nationalisation of major banks
happen?
a) June, 1951
b) June, 1961
c) June, 1969
d) July, 1969
25.
When did the National Housing Bank start its
operations?
a) July, 1982
b) July, 1988
c) April, 1980
d) March, 1971
26.
SARFAESI Act 2002 does not concern which of the following aspects:
a)
Securitisation of Financial Assets
c)
Authority to enforce without the intervention of the
court
d)
Setting up of Central Registry
27. In the process of securitisation the
non-liquid financial assets (NPA) are converted into markable securities in the
form of:
a) shares
b) debentures
c) pass through certificates
d)
bonds
28.
What time period is to be given to the borrower as a notice before sale of the
secured asset:
a. 30
days
b. 45
days
c. 60
days
e. 90
days
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