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Objective Questions

Latest CBI Manager Exam Question (Objective Questions), MCQ in English

Subjects : Banking, Computer Knowledge, Present Economic Scenario

Question Bank Central Bank of India Manager Exam - English
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Banking

Question 1Single Answer
Which if the following is TRUE about the meaning of a bank?
  1. A
    It is a financial establishment
  2. B
    It acts like a financial intermediary
  3. C
    It accepts deposits from the public 
  4. D
    It provides safe locker facility
  5. E
    All the above
Question 2Single Answer
Which of the following is NOT true about the functioning of a bank ?
  1. A
    A bank should always add the word “bank” to its name.
  2. B
    They include general utility services and agency services.
  3. C
    A bank is a non-profit organization having service oriented approach.
  4. D
    A bank acts as a connecting link between borrowers and lenders of money.
  5. E
    A bank lends out money in the form of loans to those who require it for different purposes.
Question 3Single Answer
Which of the following is NOT a banking service?
  1. A
    Issuance of debit and credit cards
  2. B
    Providing safe custody of valuable items 
  3. C
    ATM services
  4. D
    Provision for higher interest rates to the accounts held by women
  5. E
    Online transfer of funds across the globe
Question 4Single Answer
The definition of Banking is given in which of the following ACTs?
  1. A
    Negotiable Instrument Act 1881
  2. B
    Reserve Bank of India (RBI) Act 1934
  3. C
    Banking Regulation Act 1949
  4. D
    Company Act 1956
  5. E
    None of the above
Question 5Single Answer
Banks in India are regulated by :
  1. A
    The Reserve Bank of India Act,1934
  2. B
    The Banking regulation Act,1949
  3. C
    The Reserve Bank of India (Amendment and Misc. Provisions) Act, 1953
  4. D
    The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980
  5. E
    None of the above
Question 6Single Answer
Which of the following terms is used in Banking field ?
  1. A
    Zero Hour
  2. B
    Input devices
  3. C
    Privilege motion
  4. D
    Sedimentary
  5. E
    Invest rate swap
Question 7Single Answer
A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as?
  1. A
    Investment Banking 
  2. B
    Core Banking
  3. C
    Mobile Banking 
  4. D
    National Banking 
  5. E
    Specialized Banking 
Question 8Single Answer
Which of the following is necessary while opening deposit account in banks ?         
  1. A
    Will 
  2. B
    Registration
  3. C
    Nomination
  4. D
    Indemnity
  5. E
    Guarantee
Question 9Single Answer
Which of the following is not banking term?
  1. A
    Letter of credit
  2. B
    MIBOR
  3. C
    Factoring services
  4. D
    Entry load
  5. E
    None of the above
Question 10Single Answer
Systematic investment plans relates to:
  1. A
    Mutual Funds
  2. B
    Life Insurance Companies
  3. C
    Commercial Banks
  4. D
    Post office saving schemes
  5. E
    None of the above
Question 11Single Answer
Which is the following is / are third party products sold out by banks?
  1. A
    Mutual funds
  2. B
    Term deposits
  3. C
    Credit cards
  4. D
    All of these
  5. E
    None of the above
Question 12Single Answer
The first bank the Bank of Hindustan was established in:
  1. A
    1780    
  2. B
    1790
  3. C
    1770    
  4. D
    1802
  5. E
    1814
Question 13Single Answer
Which of the following NOT a Retail banking product ?
  1. A
    Checking account
  2. B
    Saving account
  3. C
    Money market account
  4. D
    Certificate of deposit (CD)
  5. E
    Mutual Fund
Question 14Single Answer
Which of the following is Not a Business (or commercial / investment) banking product ?
  1. A
    Business loan
  2. B
    Capital raisig
  3. C
    Checking account
  4. D
    Project finance
  5. E
    Term loan
Question 15Single Answer
The banker’s bank in any country called as:
  1. A
    Commercial bank
  2. B
    Central bank 
  3. C
    EXIM bank
  4. D
    Scheduled Bank
  5. E
    Development bank
Question 16Single Answer
Which of the following is the Central bank of India?
  1. A
    State Bank of India
  2. B
    National Bank for Agriculture and Rural Development
  3. C
    Export-Import Bank of India
  4. D
    Reserve Bank of India
  5. E
    None of the above
Question 17Single Answer
What is the Minimum balance required to be maintained for a saving account with cheque book facility?
  1. A
    Rs. 100            
  2. B
    Rs. 400
  3. C
    Rs. 500            
  4. D
    Rs.1000
  5. E
    Rs. 1500
Question 18Single Answer
Which of the following represents Profit and Loss Account ?
  1. A
    Position of profit on a particular date 
  2. B
    Position of profit for a given period
  3. C
    Position of loss for a given period
  4. D
    Both 2 and 3
  5. E
    None of the above
Question 19Single Answer
Which among the following is /are ‘Term Deposit’?
  1. A
    Fixed Deposit
  2. B
    Current Deposit
  3. C
    Recurring Deposit
  4. D
    All of the above 
  5. E
    None of the above
Question 20Single Answer
The first bank of limited liability managed by Indians was :
  1. A
    The Commercial Bank of India
  2. B
    Allahabad Bank
  3. C
    Oudh Commercial Bank
  4. D
    Punjab National bank ltd
  5. E
    None of the above
Question 21Single Answer
Which of the following scheme is not meant for investment purposes?
  1. A
    Letter of credit
  2. B
    National saving certificate 
  3. C
    Infrastructure bonds
  4. D
    Mutual funds
  5. E
    None of the above
Question 22Single Answer
What is meant by development Oriented banking?
  1. A
    Infrastructure financing 
  2. B
    Extending loans to State, which are undevelopment
  3. C
    Taking up the task of development of the economy by providing support to under privileged section of the society
  4. D
    All of the above 
  5. E
    None of the above
Question 23Single Answer
The Reserve Bank of India was established in:
  1. A
    April 1935        
  2. B
    June 1935
  3. C
    August 1934    
  4. D
    May 1936
  5. E
    January 1949
Question 24Single Answer
14 major Indian commercial banks of the country were nationalized in:
  1. A
    July 1965        
  2. B
    June 1960
  3. C
    July 1969        
  4. D
    May 1970
  5. E
    January 1949
Question 25Single Answer
On the basis of suggestions of which of the following committee. The Banking Regulation Act was amended in 1983 to open the gates for the new private sector banks ?
  1. A
    Narasimham Committee
  2. B
    Rangrajan Committee
  3. C
    Rangrajan Committee
  4. D
    Goiporia committee
  5. E
    None of the above
Question 26Single Answer
When RBI made compulsory to the Best II norms for Banks?
  1. A
    March 31, 2007
  2. B
    March 31, 2008
  3. C
    March 31, 2010
  4. D
    March 31, 2011
  5. E
    March 31, 2009
Question 27Single Answer
Which Act is fully applicable to all commercial banks?
  1. A
    Companies Act, 1956
  2. B
    Partnership Act, 1932
  3. C
    Banking Regulation Act,1949
  4. D
    Sale of Goods Act, 1930
  5. E
    The Reserve Bank of India Act, 1934
Question 28Single Answer
What type of loan is granted by banks for purchase of white goods?
  1. A
    Mortgage loans
  2. B
    Personal loans
  3. C
    Consumption Loans
  4. D
    Home Loans
  5. E
    None of the above
Question 29Single Answer
Which of the following loans are granted for meeting social financial commitments like marriage etc?
  1. A
    Mortgage loans
  2. B
    Personal loans
  3. C
    Consumption Loans
  4. D
    Home Loans
  5. E
    None of the above
Question 30Single Answer
PPF account is opened for a period of 
  1. A
    Mortgage loans
  2. B
    Personal loans
  3. C
    Consumption Loans
  4. D
    Home Loans
  5. E
    None of the above
Question 31Single Answer
Which of the followings facts substantiate the investment in public provident fund (PPF) account as a favorite tax saving option?
  1. A
    Deposits made in PPF account up to prescribed limits are eligible for relief under section 80C of income tax Act
  2. B
    Interest earned in PPF account is exempt from income tax
  3. C
    The balance in a PPF account is exempt from wealth tax
  4. D
    The balance in a PPF account cannot be attached under a court decree.
  5. E
    All of the above
Question 32Single Answer
What is the minimum amount  premium is required to be deposited in case of a Public Provident Fund (PPF) Account?
  1. A
    Rs. 500
  2. B
    Rs. 750
  3. C
    Rs. 1000          
  4. D
    Rs. 1500
  5. E
    Rs. 2000
Question 33Single Answer
National Saving Certificate matures at the end of:
  1. A
    Six years                     
  2. B
    Seven years
  3. C
    Ten years
  4. D
    Fifteen years
  5. E
    Twelve years
Question 34Single Answer
Normally banks accept fixed deposit for a maximum period of:
  1. A
    3 years
  2. B
    5 years
  3. C
    7 years            
  4. D
    12 years
  5. E
    Any number years
Question 35Single Answer
Consider the followings Acts:
(A) Enactment of Banking Regulations Act
(B) Nationalisation of State Bank of India
(C) Nationalization of SBI subsidiaries
(D) Nationalisation of 14 major Banks.
            Choose the right option for the correct chronological order of the above acts.
 
  1. A
    A-B-C-D          
  2. B
    B-A-C-D
     
  3. C
    A-B-C-D          
  4. D
    C-B-A-D
     
  5. E
    D-B-A-C
Question 36Single Answer
The Imperial Bank of India was nationalized and re-christened as State Bank of India in the year:
  1. A
    1949
  2. B
    1950
  3. C
    1955
  4. D
    1960
  5. E
    1969
Question 37Single Answer
IFRS stands for:
  1. A
    International Financial Regulatory Standards
  2. B
    International Financial Reporting Standards
  3. C
    International Financial Rating Standards
  4. D
    International Financial Reporting System 
  5. E
    None of the above
Question 38Single Answer
Bridge loan refers to:
  1. A
    Interim finance allowed by banks to their customers pending disbursement of term loans by financial institutions
  2. B
    Loans granted to construction companies
  3. C
    Loans granted to PWD for construction of bridges 
  4. D
    All of the above
  5. E
    None of the above
Question 39Single Answer
Payment of the demand draft can be stopped by 
  1. A
    Holder
  2. B
    Purchaser
  3. C
    Payee  
  4. D
    Bank
  5. E
    None of the above
Question 40Single Answer
Which of the following organizations, provide credit history of the borrowers?
  1. A
    SEBI    
  2. B
    CIBIL
  3. C
    SBI      
  4. D
    RBI
  5. E
    CRSIL
Question 41Single Answer
Loans / advance to framers is knows as:
  1. A
    Personal Loan
  2. B
    Business Loan
  3. C
    Priority Sector Loan
  4. D
    Home Loan
  5. E
    None of the above
Question 42Single Answer
FRBM stands for:
  1. A
    Fiscal Responsibility and Banking Management
  2. B
    Financial Responsibility and Budget management
  3. C
    Fiscal Responsibility and budget Management
  4. D
    Federal Responsibility and Business Management
  5. E
    Fiscal Responsibility and Business Management
Question 43Single Answer
When the New Bank of India was merged with Punjab National Bank?
  1. A
    1990    
  2. B
    1993
  3. C
    1999    
  4. D
    2001
  5. E
    2002
Question 44Single Answer
Which of the following is / are major reasons for strict regulations of the banks by the government in India?
  1. A
    To protect the safety of the public’s savings
  2. B
    To control the supply of money and credit in order to achieve a nation’s broad economic goal
  3. C
    To ensure equal opportunity and fairness in the public’s access to credit and other vital financial services
  4. D
    To promote public confidence in the financial system so that savings are made speedily and efficiently
  5. E
    All the above
Question 45Single Answer
Which of the following can be categorized as a Merchant banking service?
  1. A
    Consultancy on financial to a company
  2. B
    Advance in capital structure
  3. C
    Managing mergers 
  4. D
    Helping in finalizing takeover
  5. E
    All of the above
Question 46Single Answer
Which instrument provides proprietary interest in company and which entitles a person to dividend on profit?
  1. A
    Bond    
  2. B
    Debenture
  3. C
    Share              
  4. D
    Warrant
  5. E
    None of the above
Question 47Single Answer
Which of the following is the first development financial institution to be established in India in 1948?
  1. A
    LIC      
  2. B
    IFCI
  3. C
    ICICI    
  4. D
    EXIM Bank
  5. E
    IDBI
Question 48Single Answer
Co-operative Bank in India are operated under which of the followings acts?
  1. A
    Cooperative Societies Act in 1904
  2. B
    Cooperative Societies Act in 1912
  3. C
    Banking Regulation Act, 1949
  4. D
    The Reserve Bank of India Act, 1934
  5. E
    Company Act, 1934
Question 49Single Answer
Which of the following is incorrectly matched?
  1. A
    Export - Import / Bank of India – 1982
  2. B
    Small Industries Development Bank of India (SIDBI) – 1990
  3. C
    National Bank for Agricultural and Rural Development (NABARD) – 1982
  4. D
    Industrial Finance Corporation of India – 1948
  5. E
    IDBI Bank Limited – 1954
Question 50Single Answer
Which of the following is NOT a feature of saving bank account?
  1. A
    It is opened by individuals for the purpose of saving a part of their income.
  2. B
    Service Charges are payable in case of Saving Account.
  3. C
    It is operated by salary earners, small traders and others.
  4. D
    It earns a nominal rate of interest. At present, it is about 5% p.a. (in India).
  5. E
    It can be operated with lesser amount.
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