MCQOPTIONS
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MCQOPTIONS
This section includes 3109 Mcqs, each offering curated multiple-choice questions to sharpen your Bank PO Exam (Generic) knowledge and support exam preparation. Choose a topic below to get started.
| 451. |
Which of the following considered as the first bank in India? |
| A. | Bank of Hindustan |
| B. | Imperial Bank of India |
| C. | General Bank of India |
| D. | New Bank of India |
| Answer» B. Imperial Bank of India | |
| 452. |
Which of the following banks introduced the first ATM in India? |
| A. | SBI |
| B. | ICICI Bank |
| C. | Axis Bank |
| D. | HSBC |
| Answer» E. | |
| 453. |
_______ term refers an account in which balances held in the account are freely repatriable. |
| A. | Non-Resident Ordinary Rupee or NRO Account |
| B. | Non-Resident Rupee or NRE Account |
| C. | FCNR Account |
| D. | Retail Account |
| Answer» C. FCNR Account | |
| 454. |
_______ term refers an account that cannot be converted and repatriated into foreign currency. |
| A. | Non-Resident Ordinary Rupee or NRO Account |
| B. | Non-Resident Rupee or NRE Account |
| C. | FCNR Account |
| D. | Retail Account |
| Answer» B. Non-Resident Rupee or NRE Account | |
| 455. |
Which of the following is an account at a bank or credit union that earns interest over a specified amount of time? |
| A. | Interest Bearing Account |
| B. | Regular Checking Account |
| C. | De-materialized Account |
| D. | Savings Bank Account |
| Answer» B. Regular Checking Account | |
| 456. |
Which is a financial market that works as a conduit for demand and supply of debt and equity capital? |
| A. | Deposit Accounts |
| B. | Checking Accounts |
| C. | Capital Market Accounts |
| D. | Business Accounts |
| Answer» D. Business Accounts | |
| 457. |
Which of the following is a transactional deposit account held at a financial institution that allows for withdrawals and deposits? |
| A. | Deposit Accounts |
| B. | Checking Accounts |
| C. | Capital Market Accounts |
| D. | Business Accounts |
| Answer» C. Capital Market Accounts | |
| 458. |
_________ account is opened by the investor while registering with an investment broker. |
| A. | Fixed Deposit Account |
| B. | Savings Bank Account |
| C. | Recurring Account |
| D. | De-materialized Account |
| Answer» E. | |
| 459. |
_________ is a type of deposit account that caters to professionals and businessmen alike. |
| A. | Fixed Deposit Account |
| B. | Savings Bank Account |
| C. | Recurring Account |
| D. | Current Account |
| Answer» E. | |
| 460. |
__________ is a product to provide a person with an opportunity to build up saving through regular monthly deposits of fixed sum over a period of time. |
| A. | Fixed Deposit Account |
| B. | Savings Bank Account |
| C. | Recurring Deposit Account |
| D. | Current Account |
| Answer» D. Current Account | |
| 461. |
__________ is a deposit of money that has a fixed time and pays higher interest than a SB Acccount. |
| A. | Fixed Deposit Account |
| B. | Savings Bank Account |
| C. | Recurring Account |
| D. | Current Account |
| Answer» B. Savings Bank Account | |
| 462. |
_______ is a deposit account provided by a bank or other financial institutions for individuals to save money and earn the modest interest for that money held in the account. |
| A. | Fixed Deposit Account |
| B. | Savings Bank Account |
| C. | Recurring Account |
| D. | Current Account |
| Answer» C. Recurring Account | |
| 463. |
Which of the following has become the first bank in India to launch Watch Banking for Apple Watch? |
| A. | ICICI |
| B. | Axis Bank |
| C. | Indusind Bank |
| D. | HDFC Bank |
| Answer» E. | |
| 464. |
_________ in partnership with Visa launched India’s first co-branded e-commerce credit card |
| A. | Flipkart and ICICI |
| B. | Snapdeal and ICICI |
| C. | Flipkart and HDFC |
| D. | Snapdeal and HDFC |
| Answer» E. | |
| 465. |
Which of the following is India’s first digital village launched by ICICI Bank? |
| A. | Akodara |
| B. | Bakrana |
| C. | Salangpur |
| D. | Rojid |
| Answer» B. Bakrana | |
| 466. |
India’s first transparent credit card in association with American express launched by? |
| A. | ICICI |
| B. | Axis Bank |
| C. | Indusind Bank |
| D. | Canara Bank |
| Answer» B. Axis Bank | |
| 467. |
First bank in the country to offer EMI facility for its debit card holders? |
| A. | ICICI |
| B. | Axis Bank |
| C. | Indusind Bank |
| D. | South Indian Bank |
| Answer» B. Axis Bank | |
| 468. |
Which bank has launched India’s first contact less mobile payment solution? |
| A. | ICICI |
| B. | Kotak Mahindra Bank |
| C. | Indusind Bank |
| D. | South Indian Bank |
| Answer» B. Kotak Mahindra Bank | |
| 469. |
Which bank has launched India’s first golf-centric credit card? |
| A. | SBI |
| B. | UBI |
| C. | PNB |
| D. | RBL |
| Answer» E. | |
| 470. |
MUDRA Bank will deliver loan through _________ |
| A. | NBFCs |
| B. | MFIs |
| C. | Rural Banks |
| D. | All of the Above |
| Answer» E. | |
| 471. |
Government has decided to provide an additional fund of ________ which will be allocated to Shishu, Kishore and Tarun schemes. |
| A. | Rs 1 trillion |
| B. | Rs 1 million |
| C. | Rs 1 billion |
| D. | Rs 10 billion |
| Answer» B. Rs 1 million | |
| 472. |
Who among the following is/are eligible to borrow from MUDRA Bank? |
| A. | Small manufacturing unit |
| B. | Artisans |
| C. | Fruit and vegetable vendors |
| D. | All of the Above |
| Answer» E. | |
| 473. |
MUDRA stands for __________ |
| A. | Micro Units Development and Refinance Agency Bank |
| B. | Micro Units Development and Refinance Authority Bank |
| C. | Medium Units Development and Refinance Agency Bank |
| D. | Medium Units Development and Refinance Authority Bank |
| Answer» B. Micro Units Development and Refinance Authority Bank | |
| 474. |
According to MSMED Act, 2006 an enterprise where the investment in equipment lies between Rs.2 crore and Rs.5 crore is termed as ________ |
| A. | Micro enterprise |
| B. | Medium enterprise |
| C. | Small enterprise |
| D. | None of the Above |
| Answer» C. Small enterprise | |
| 475. |
What is the range of investment in equipment by a small enterprise as per the MSMED Act 2006? |
| A. | 5 lakh – 1 crore |
| B. | 10 lakh – 2 crore |
| C. | 15 lakh – 3 crore |
| D. | 20 lakh – 4 crore |
| Answer» C. 15 lakh – 3 crore | |
| 476. |
What is the maximum limit of investment in equipment by a micro enterprise as per the MSMED Act 2006? |
| A. | 5 lakh |
| B. | 10 lakh |
| C. | 15 lakh |
| D. | 20 lakh |
| Answer» C. 15 lakh | |
| 477. |
An enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore is termed as _________ |
| A. | Micro enterprise |
| B. | Medium enterprise |
| C. | Small enterprise |
| D. | None of the Above |
| Answer» C. Small enterprise | |
| 478. |
What is the maximum limit of investment in plant and machinery by a small enterprise as per the MSMED Act 2006? |
| A. | 5 crore |
| B. | 10 crore |
| C. | 15 crore |
| D. | 20 crore |
| Answer» B. 10 crore | |
| 479. |
_________ is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh. |
| A. | Micro enterprise |
| B. | Medium enterprise |
| C. | Small enterprise |
| D. | None of the Above |
| Answer» B. Medium enterprise | |
| 480. |
What is the maximum limit for housing loans under priority sector in metropolitan cities? |
| A. | 35 lakh |
| B. | 40 lakh |
| C. | 45 lakh |
| D. | 55 lakh |
| Answer» B. 40 lakh | |
| 481. |
How many sub-categories are classified under Agriculture sector? |
| A. | Four |
| B. | Five |
| C. | Six |
| D. | Three |
| Answer» E. | |
| 482. |
Which among the following is/are seller(s) & buyer(s) of PSLCs? |
| A. | Scheduled Commercial Banks (SCBs) |
| B. | Regional Rural Banks (RRBs) |
| C. | Local Area Banks (LABs) |
| D. | All of the Above |
| Answer» E. | |
| 483. |
What is the loan limit for education in the country under priority sector? |
| A. | 15 lakh |
| B. | 10 lakh |
| C. | 8 lakh |
| D. | 20 lakh |
| Answer» C. 8 lakh | |
| 484. |
Which among the following is/are the different type(s) of category under priority sector? |
| A. | Agriculture |
| B. | Micro, Small and Medium Enterprises |
| C. | Export Credit |
| D. | All of the Above |
| Answer» E. | |
| 485. |
The price of PSLCs will be determined on the basis of_______ |
| A. | demand and supply |
| B. | Performance |
| C. | Both(A) and (B) |
| D. | None of the above |
| Answer» B. Performance | |
| 486. |
The Priority Sector Lending Certificates(PSLCs) can be traded using the RBI’s_______ |
| A. | e-Kuber platform. |
| B. | NEFT |
| C. | RTGS |
| D. | None of the above |
| Answer» B. NEFT | |
| 487. |
What is the expiry date of Priority Sector Lending Certificates (PSLC)? |
| A. | April 1 |
| B. | March 1 |
| C. | June 1 |
| D. | January 1 |
| Answer» B. March 1 | |
| 488. |
How many types of PSLCs can be issued by the Banks? |
| A. | Four |
| B. | Five |
| C. | Six |
| D. | Eight |
| Answer» B. Five | |
| 489. |
__________ are certificates issued by banks that have overreached their priority sector lending targets. |
| A. | Commercial Papers |
| B. | Certificate of Deposits |
| C. | Treasury Bills |
| D. | Priority Sector Lending Certificates |
| Answer» E. | |
| 490. |
The Committee to review arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), set up by the RBI under the chairmanship of _________ |
| A. | Shri B. Sivaraman |
| B. | Shri D. Raman |
| C. | Shri A. Ram Kumar |
| D. | Shri Ajay Shankar |
| Answer» B. Shri D. Raman | |
| 491. |
National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India, having headquarters in ______ |
| A. | Mumbai |
| B. | New Delhi |
| C. | Bengaluru |
| D. | Hyderabad |
| Answer» B. New Delhi | |
| 492. |
Small Industries Development Bank of India (SIDBI), set up under which Act? |
| A. | SIDBI Act–1989 |
| B. | SIDBI Act–1987 |
| C. | SIDBI Act–1986 |
| D. | SIDBI Act–1985 |
| Answer» B. SIDBI Act–1987 | |
| 493. |
Export–Import Bank of India(EXIM Bank) established in _______ under the Export-Import Bank of India Act 1981. |
| A. | 1983 |
| B. | 1982 |
| C. | 1984 |
| D. | 1985 |
| Answer» C. 1984 | |
| 494. |
According to ___________ of the Negotiable Instruments Act 1881, a negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer. |
| A. | Section 20 |
| B. | Section 19 |
| C. | Section 11 |
| D. | Section 13 |
| Answer» E. | |
| 495. |
The income of a Bank is chargeable to income tax under ________ of Income Tax Act, 1961 |
| A. | Section 28 |
| B. | Section 29 |
| C. | Section 31 |
| D. | Section 32 |
| Answer» B. Section 29 | |
| 496. |
As per the provisions of ________ act all financial institutions have to maintain a record for all form of transactions? |
| A. | Companies Act, 1956 |
| B. | Credit Information (Companies Regulation Act, 2005) |
| C. | Information Technology Act, 2000 |
| D. | PMLA Act, 2002 |
| Answer» E. | |
| 497. |
Which act provide legal recognition for transactions carried out by means of electronic communication, commonly referred to as e-commerce? |
| A. | Companies Act, 1956 |
| B. | Credit Information (Companies Regulation Act, 2005) |
| C. | Information Technology Act, 2000 |
| D. | Banking Regulation Act, 1949 |
| Answer» D. Banking Regulation Act, 1949 | |
| 498. |
Which of the following Act provides provisions for regulation of credit information companies? |
| A. | Companies Act, 1956 |
| B. | Credit Information (Companies Regulation Act, 2005) |
| C. | Information Technology Act, 2000 |
| D. | Banking Regulation Act, 1949 |
| Answer» C. Information Technology Act, 2000 | |
| 499. |
The Indian Banks’ Association (IBA) is an association of Indian banks and financial institutions having headquarters in ________ |
| A. | Mumbai |
| B. | New Delhi |
| C. | Bengaluru |
| D. | Hyderabad |
| Answer» B. New Delhi | |
| 500. |
How much amount to be charged by the Banking Ombudsman for filing and resolving customers’ complaints? |
| A. | Rs.15 |
| B. | Rs.50 |
| C. | Rs.100 |
| D. | No fee |
| Answer» E. | |