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MI 400 Questions IB Guide

1. The document contains 23 multiple choice questions about banking and finance. The questions cover topics like the best country for business, banking programs, treasury bill auctions, credit cards, non-performing assets, and more. 2. Each question is followed by 4 answer options in a, b, c, d format. No answers are provided, making this a quiz on various banking and financial topics. 3. The questions assess knowledge of organizations like RBI, SIDBI, EBRD, and programs like priority sector lending, loan to value ratios, and average daily balances.

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Mulugeta Ashango
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273 views6 pages

MI 400 Questions IB Guide

1. The document contains 23 multiple choice questions about banking and finance. The questions cover topics like the best country for business, banking programs, treasury bill auctions, credit cards, non-performing assets, and more. 2. Each question is followed by 4 answer options in a, b, c, d format. No answers are provided, making this a quiz on various banking and financial topics. 3. The questions assess knowledge of organizations like RBI, SIDBI, EBRD, and programs like priority sector lending, loan to value ratios, and average daily balances.

Uploaded by

Mulugeta Ashango
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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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

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