Top 350+ Solved Banking and Finance MCQ Questions Answer
Q. ARDC stands for:
a. Agriculture Refinance and Development Corporation
b. Agriculture Research and Development Commission
c. Agriculture Research and Development Corporation
d. None of The Above
Q. Co-operative banks are regulated by the Reserve Bank of India under which act?
a. Banking Regulation Act, 1949
b. Banking Laws (Application to Co-operative Societies) Act, 1965
c. Negotiable Instrument Act–1881
d. Both (A) and (B)
Q. Co-operative banks which work at a metropolitan level are called as?
a. District Central Co-operative Bank
b. State Co-operative Bank
c. Primary Urban Co-operative Bank
d. Primary Agricultural Credit Societies
Q. Which one of the apex bodies regulates the cooperative banks in India?
a. NABARD
b. RBI
c. Sponsor Banks
d. Both A and B
Q. All banks registered under the ___________ are considered co-operative banks.
a. Banking Regulation Act 1949
b. The Bankers’ Books Evidence Act–1891
c. Cooperative Societies Act, 1912
d. Both (A) and (C)
Q. Who manages the registration and management activities of Urban co-operative banks in India?
a. RBI
b. NABARD
c. RCS
d. None of the above
Q. Which of these are at the lowest rung of Rural Cooperative banking structure in India?
a. State Cooperative Banks
b. District Central Cooperative Banks
c. Primary Agricultural Credit Societies
d. None of the above
Q. When was the first law, regulating the working of cooperative societies, was promulgated by BritishIndia Government?
a. 1902
b. 1904
c. 1907
d. 1908
Q. Where was the first society under Cooperative Societies Act 1904 registered in India?
a. Madurai
b. Kanjipoorum
c. Gaya
d. Panaji
Q. Who regulates the functioning of District Cooperative Banks in India?
a. State Government
b. RBI
c. State Cooperative Banks
d. None
Q. Which of these committees was formed in 1915 to review the performance of cooperative societiesand suggest measures for strengthening them?
a. Raja Hari Committee
b. Maclagan Committee
c. Saraiya Committee
d. Frederick Nicholson Committee
Q. Which of these committees in 1945 recommended the setting up of a Cooperative Training College inevery state?
a. Saraiya Committee
b. Maclagan Committee
c. Narsimaham Committee
d. Rajagopalachari Committee
Q. Which was the first Cooperative Bank established in India?
a. Bharat Cooperative Bank Limited
b. Kangra Central Co-operative Bank Limited
c. Anyonya Co-operative Bank Limited
d. Abhyudaya Co-operative Limited
Q. Which of these is a Cooperative Bank in India?
a. Cosmos Bank
b. SVC Bank
c. Janata Sahakari Bank
d. All of the above
Q. Which among the following is incorrect?
a. RBI is the Bank of Issue
b. RBI acts as Banker to the Government
c. RBI is Banker's Bank
d. RBI does not regulate the flow of credit