UPSC,PCS,CDS,NDA MCQ Quiz Hub

1. What do we call the facility given to a current account holder of withdrawal of more amount than his deposit?
Overdraft
EMI
Sweep-in Facility
Recurring Deposit

2. What do we call an unconditional order to pay a certain amount on an agreed date?
 Promissory note
 Bill of exchange
Money order
None of the above

3. After how many crop seasons, an unpaid short duration Farm loan will be termed as NPA?
1 crop season
2 crops seasons
 2 years
4 crop seasons

4. What is the primary aim of enacting the SARFAESI Act?
Recovering Loans
Increasing Deposits
Transparent appointment of Directors
 Reducing Corruptions and Scams

5. What is the most common type of time deposit?
Salary account
Current Account
FD
 Loan

6. Which of the following accounts is intended to manage the income earned in India from sources like pension, dividend, rent, etc?
NRO account
NRE account
NRI account
None of the above

7. Credit Card is an essential component of which of the following?
Electronic Commerce
 Internet Commerce
Both 1 and 2
None of The Above

8. Which of the following efforts fall under Financial inclusion plan of RBI/Government?
Nationalization of banks
Public Sector Lending targets
Zero Balance accounts
 All of the above

9. What is the full form of FINO?
Financial Investment Network and Operations
Farmers’ Investment Network and Operations
Farmers’ Inclusion Network and Operations
Financial Inclusion Network and Operations

10. When was Self Help Group introduced in India?
1996
 2000
1980
1992

11. Which of the following has a fixed time and pays higher interest than a SB Acccount?
 Savings Bank Account
Fixed Deposit Account
 Recurring Account
Current Account

12. The term Negotiable Instruments is associated with which of the following?
A written document that transfers the value in it from one person to other
A written document entitled on an individual by delivery or endorsement
A written document, entitled on a person to receive money
All of the above

13. According Negotiable Instruments Act, what is a Promissory Note?
A document written and Signed by the payer/maker
Containing an unconditional undertaking
To pay a certain sum of money only to a specific person or the bearer
All of the above

14. The Banking Ombudsman charge how much fee for filing and resolving customers’ complaints?
No Fee
 Rs. 100
Rs. 200
Rs. 500

15. Which of the following are loans of very small amounts given to low income groups or poor household?
Simple credit
Rural credit
Micro credit
No Frills Loan

16. MSME is defined under which act?
MSMED Act, 2006
MSME Act, 2001
MSMED Act, 1999
MSME Act, 2004

17. Pension plan in which benefits of pension is paid in by both parties involved, such as employers and employees is classified as which of the following?
non-discretionary plan
discretionary plan
contributory plan
non-contributory plan

18. Who among the following finalised Lead Bank scheme?
Government of India
IRDA
RBI
None of the above

19. Lead bank scheme was initiated by which of the following?
 KP Group
Gadgil Study Group
Ghosh committee
 Bhagwati committee

20. Financial inclusion means which of the following?
retail banking
bringing all poor people under banking net
financial statements
 wholesale banking

21. Which of the following products provide an opportunity to build up saving through regular monthly deposits of fixed sum over a period of time?
Fixed Deposit Account
Savings Bank Account
Recurring Deposit Account
Current Account

22. RBI has launched new restructuring tool ‘S4A’ to raise banks’ moral hazard risk. S4A stands for which of the following?
Scheme for Systematic Structuring of Stressed Assets
Scheme for Sustainable Structuring of Scholastic Assets
Scheme for Sustainable Structuring of Stressed Assets
Scheme for Sustainable Strength of Stressed Assets

23. Which of the following is not the Negotiable Instrument?
Currency Note
Promissory Note
Bill of Exchange
Cheques Answer

24. Which of the following was the reason to establish Liberalised Remittance Scheme?
to permit citizens of India to transfer funds abroad for permitted current or capital account transactions
 to permit foreigners to transfer funds abroad for permitted current or capital account transactions
to permit NRI to transfer funds to India for permitted current or capital account transactions
None of the above

25. The 0 in IFSC Code is placed in which of the following positiona of the 11 digit IFSC code?
 3rd
7th
6th
5th

26. Which type of remittances are received from abroad?
Blockchain Remittance
 Inward Foreign Remittance
Outward Foreign Remittance
None of the above

27. Which of the following is not true about Bharat Interface for Money (BHIM) app?
BHIM framework allows its usage without internet also
Money can also be sent to non-UPI supported banks using IFSC code and account number.
 BHIM allows daily transaction limit of Rs 20,000.
Through BHIM app, a maximum of Rs 5,000 is allowed per transaction.

28. Which of the following are money markets instruments?
A 14-day repurchase agreement of Treasury 8% 2007
A treasury bill with 7 days to maturity
A 3-month certificate of deposit
All of the above

29. Maximum maturity days of holding commercial paper are
170 days
270 days
120 days
5 days

30. Which of the following would ‘tighten’ the liquidity situation of banks?
Increased sales of government securities to individuals or institutions who pay for them from their bank
Regulations requiring the banks to maintain positive end-of-day balances with the Bank of England
Both 1 and 2
Lower levels of taxation and reductions in tax receipts to the Treasury

31. Which of the following is not necessarily involved in an IPO process?
Register of companies
Underwriter
 Investment bank
 Registar of Issues

32. Which of the following is an example of derivative securities?
return backed security
cash flow backed security
 interest backed security
mortgage backed security

33. SIMEX share price index relates to the stock exchange of which of the following ?
London
Tokyo
Mumbai
Singapore

34. Which of the following markets are open to specific investors who buy securities directly from the issuing company?
Tertiary markets
Primary markets
 Secondary markets
None of the above

35. Which of the following is best described as selling a synthetic asset and simultaneously buying the actual asset?
Arbitrage
Diversifying
Speculating
Hedging

36. Under NBFC– Peer to Peer Lending Platform Directions, 2017 by RBI, what is the aggregate loan limit of a single borrower at any point of time, across all P2Ps?
Rs 25 lakh
Rs 15 lakh
 Rs 20 lakh
Rs 10 lakh

37. Which of the following statements is/are correct?
NBFCs does not hold a banking license.
NBFC can issue Demand Drafts like banks.
Both 1 and 2 are correct
Neither of them are correct

38. NBFCs are required to accept public deposit for a maximum period of how many months?
36 months
 60 months
48 months
48 months

39. Core investment company is a type of which of the following?
IT company
Insurance company
Bank
NBFC

40. Investment of CIC in the equity shares in group companies constitutes not less than how much percent of its net assets?
60%
70%
50%
80%

41. How much per cent of the total assets of the company should be deployed in the infrastructure loans?
75%
60%
80%
 50%

42. Infrastructure loan is extended by which of the following?
NBFC
 RBI
SEBI
NABARD

43. Infrastructure debt funds are sponsored by which of the following?
SEBI
NBFCs
Cooperative society
SBI

44. Who among the following serves as the holder of debenture stock for the benefit of another party?
Company’s trustee
Debenture trustee
Bond trustee
SEBI

45. Which of the following actions is performed by debenture trustee in case of delayed payment?
Update the calendar specifying the date of such payment
Cancel the payment
Register a complaint
 None of the above

46. Which of the following does not give a difference between a hire purchase and a normal purchase?
Timing of payment for asset
 Total cost of asset
Quality of asset purchased
 Legal ownership of asset