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.
| 551. |
Which of the following term refers the illegal escape from the tax payment? |
| A. | Tax Break |
| B. | Tax Evasion |
| C. | Tax Shifting |
| D. | None of the Above |
| Answer» C. Tax Shifting | |
| 552. |
_______ is a cheque rather an amount of cheque, which is above the balance available in the account of the payer. |
| A. | Travellers cheque |
| B. | Multicity Cheque |
| C. | Mutilated Cheque |
| D. | Over Draft |
| Answer» E. | |
| 553. |
A financial product which provides senior citizens with funds against their home equity is referred as _______ |
| A. | Mortgage |
| B. | Reverse Mortgage |
| C. | Repossession |
| D. | Refinance |
| Answer» C. Repossession | |
| 554. |
Which of the following is a special type of credit card with stored money value? |
| A. | Preset Value Card |
| B. | Stored Value Card |
| C. | Both(A) & (B) |
| D. | None of the Above |
| Answer» C. Both(A) & (B) | |
| 555. |
A very large loan extended by a group of small banks to a single borrower is known as ______ |
| A. | Secured loan |
| B. | Syndicated loan |
| C. | Non-Recourse loan |
| D. | No Documentation loan |
| Answer» C. Non-Recourse loan | |
| 556. |
Taking back of property by a seller or a lender from the buyer or borrower due to default of payment is termed as ________ |
| A. | Reconveyance |
| B. | Repossession |
| C. | Recurring Billing |
| D. | Revalidation |
| Answer» C. Recurring Billing | |
| 557. |
Which term refers closure of the loan account prior to the tenure fixed for the account? |
| A. | Pre Approved |
| B. | Pre Closure |
| C. | Personal Disposable |
| D. | None of the Above |
| Answer» C. Personal Disposable | |
| 558. |
A loan which is secured by collateral and for which borrower is not personally liable is called __________ |
| A. | Secured loan |
| B. | Syndicated loan |
| C. | Non-Recourse loan |
| D. | No Documentation loan |
| Answer» D. No Documentation loan | |
| 559. |
The difference between the total cost of a project and the sanctioned loan amount is termed as ___________ |
| A. | Near Money |
| B. | Hot Money |
| C. | Gross Income |
| D. | Margin Amount |
| Answer» E. | |
| 560. |
An account which is maintained by depositing undistributed parts of profit for future needs is known as ________ |
| A. | Savings Account |
| B. | Current Account |
| C. | Reserve Account |
| D. | None of the Above |
| Answer» D. None of the Above | |
| 561. |
Which is an interest-free period that is to be given by a creditor to debtor? |
| A. | Fixed Period |
| B. | Preset Period |
| C. | Grace Period |
| D. | None of the Above |
| Answer» D. None of the Above | |
| 562. |
___________ is basically charged when a person uses a credit card to obtain cash. |
| A. | Early Repayment Charge |
| B. | Redemption Fee |
| C. | Transaction Fee |
| D. | Cash Advance Fee |
| Answer» E. | |
| 563. |
A debt which is irrecoverable and is therefore written off as loss in the accounts of an institution or bank is known as __________ |
| A. | external debt |
| B. | good debt |
| C. | bad debt |
| D. | internal debt |
| Answer» D. internal debt | |
| 564. |
Time period that is considered from the inception of the credit, investment or negotiable instrument and ends upon the maturity or expiry of the instrument is referred as ________ |
| A. | Amortisation Period |
| B. | Amortising Swap |
| C. | Asset Backed Security |
| D. | Attrition Analysis |
| Answer» B. Amortising Swap | |
| 565. |
Which of the following is defined as the difference between current assets and current liabilities? |
| A. | Venture Capital |
| B. | Working Capital |
| C. | Equitable Mortgage |
| D. | None of the Above |
| Answer» C. Equitable Mortgage | |
| 566. |
__________ is a transfer of property to its real owner, once the loan or mortgage is paid off. |
| A. | Reconveyance |
| B. | Repossession |
| C. | Recurring Billing |
| D. | Revalidation |
| Answer» B. Repossession | |
| 567. |
A signed undertaking from one party containing a promise to pay a stated sum to a specified person or a company is known as ________ |
| A. | Power of Attorney |
| B. | Promissory Note |
| C. | Purchasing Power Parity |
| D. | None of the Above |
| Answer» C. Purchasing Power Parity | |
| 568. |
The unpaid principal balance of a loan on property divided by the asset’s appraised value is termed as ______ |
| A. | Liquidity Adjustment Facility |
| B. | Loss Given Default(LGD) |
| C. | Loan to Value(LTV) |
| D. | Long term liabilities |
| Answer» D. Long term liabilities | |
| 569. |
An account for which a bank acts as an uninterested third party is termed as _______ |
| A. | Savings Account |
| B. | Current Account |
| C. | Reserve Account |
| D. | Escrow Account |
| Answer» E. | |
| 570. |
A type of loan, where the bank or the lending institution provides the borrower with a loan that helps the borrower to pay off his all previous debts is termed as ________ |
| A. | Debt Recovery |
| B. | Debt Settlement |
| C. | Debt Management |
| D. | Debt Consolidation |
| Answer» E. | |
| 571. |
_________ are long term corporate bonds that are unsecured in nature. |
| A. | DCF |
| B. | Debentures |
| C. | Covenant |
| D. | CRAs |
| Answer» C. Covenant | |
| 572. |
An index that is used to determine interest rates and/or changes of interest rates of certain types of loans is known as _________ |
| A. | Covenant |
| B. | CRAR |
| C. | COFI |
| D. | CRAs |
| Answer» D. CRAs | |
| 573. |
CRAR stands for _________ |
| A. | Capital to Risk-Weighted Assets Ratio |
| B. | Capital to Risk Assets Ratio |
| C. | Credit Rating-Weighted Assets Ratio |
| D. | Credit Rating Assets Ratio |
| Answer» B. Capital to Risk Assets Ratio | |
| 574. |
A provision in some loans that allows the borrower to change the interest rate from fixed to variable or Vice Versa is termed as __________ |
| A. | Convertible Bond |
| B. | Convertible Clause |
| C. | Convertible Security |
| D. | None of the Above |
| Answer» C. Convertible Security | |
| 575. |
What is the fullform of ‘FSDC’ which is used in financial sectors? |
| A. | Financial Security and Development Council |
| B. | Financial Stability and Development Council |
| C. | Fiscal Security and Development Council |
| D. | Fiscal Stability and Development Council |
| Answer» C. Fiscal Security and Development Council | |
| 576. |
Fixed Deposits and Recurring Deposits are _________ |
| A. | repayable after an agreed period. |
| B. | repayable on demand. |
| C. | not repayable. |
| D. | repayable on demand or after an agreed period as per bank’s choice. |
| Answer» E. | |
| 577. |
When a Bank provides a loan for purchase of white goods, it is categorised as _____________ |
| A. | Consumption loan |
| B. | White Goods loan |
| C. | Consumer Durable loan |
| D. | Working Capital |
| Answer» D. Working Capital | |
| 578. |
With reference to a cheque which of the following is the ‘drawee bank’ ? |
| A. | The bank that collects the cheque |
| B. | The payee’s bank |
| C. | The endorser’s bank |
| D. | The bank upon which the cheque is drawn |
| Answer» E. | |
| 579. |
When there is a difference between all receipts and expenditure of the Govt. of India, both capital and revenue it is called _______ |
| A. | Income Deficit |
| B. | Fiscal Deficit |
| C. | Budgetary Deficit |
| D. | None of the Above |
| Answer» D. None of the Above | |
| 580. |
Which of the following is not a ‘Money Market Instrument’? |
| A. | Treasury Bills |
| B. | Commercial Paper |
| C. | Certificate of Deposit |
| D. | Equity Shares |
| Answer» E. | |
| 581. |
A worldwide financial messaging network which exchanges messages between banks and financial institutions is known as _________ |
| A. | SWIFT |
| B. | Basel |
| C. | RTGS |
| D. | NEFT |
| Answer» B. Basel | |
| 582. |
In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction? |
| A. | RTGS |
| B. | NEFT |
| C. | TT |
| D. | EFT |
| Answer» B. NEFT | |
| 583. |
An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated? |
| A. | Negotiable Instrument Act 1881 |
| B. | Criminal Procedure Code |
| C. | Payment and Settlement Systems Act 2007 |
| D. | Indian Companies Act 1956 |
| Answer» D. Indian Companies Act 1956 | |
| 584. |
Who among the following decides the volume and value of bank notes to be printed in India? |
| A. | RBI |
| B. | SBI |
| C. | Security Printing and Minting Corporation of India |
| D. | All of the Above |
| Answer» B. SBI | |
| 585. |
What is the minimum initial deposit required for opening a Basic Savings Bank Deposit Account(BSBDA)? |
| A. | 500 |
| B. | 1000 |
| C. | 100 |
| D. | No initial deposit |
| Answer» E. | |
| 586. |
What is the full form of FATCA? |
| A. | Forex Account Tax Compliance Act |
| B. | Foreign Account Tax Compliance Act |
| C. | Forex Account Total Compliance Act |
| D. | Foreign Account Total Compliance Act |
| Answer» C. Forex Account Total Compliance Act | |
| 587. |
Which of the following institutions do not hold a banking license? |
| A. | Small Banks |
| B. | Foreign Banks |
| C. | Commercial Banks |
| D. | NBFCs |
| Answer» E. | |
| 588. |
DICGC guarantees amount up to _____________ per depositor per bank. |
| A. | Rs.1,00,000 |
| B. | Rs.1,50,000 |
| C. | Rs.2,00,000 |
| D. | Rs.3,00,000 |
| Answer» B. Rs.1,50,000 | |
| 589. |
_________ are safer than Post Office Schemes as that are covered by the Deposit Insurance and Credit Guarantee Corporation(DICGC) |
| A. | Fixed Deposit |
| B. | Demand Deposit |
| C. | Flexi-Fixed Deposit |
| D. | All of the Above |
| Answer» B. Demand Deposit | |
| 590. |
What is the maximum period for which a term deposit can be normally opened? |
| A. | 8 years |
| B. | 7 years |
| C. | 9 years |
| D. | 10 years |
| Answer» E. | |
| 591. |
When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as___________ |
| A. | Consortium |
| B. | Syndication |
| C. | Multiple Banking |
| D. | Participation |
| Answer» B. Syndication | |
| 592. |
What is the minimum amount of deposit into/withdrawal from currency chest? |
| A. | Rs.1,00,000 |
| B. | Rs.1,50,000 |
| C. | Rs.2,00,000 |
| D. | Rs.3,00,000 |
| Answer» B. Rs.1,50,000 | |
| 593. |
Cash kept in the currency chest is owned by? |
| A. | Currency Chest branch bank |
| B. | State Bank of India |
| C. | Central Government |
| D. | Reserve Bank of India |
| Answer» E. | |
| 594. |
Caixa Bank has been headquartered in __________ |
| A. | United Kingdom |
| B. | Spain |
| C. | Singapore |
| D. | South Africa |
| Answer» C. Singapore | |
| 595. |
Which of the following is the Headquarters of IndusInd Bank? |
| A. | Noida |
| B. | Hyderabad |
| C. | Chennai |
| D. | Mumbai |
| Answer» E. | |
| 596. |
The Headquarters of Islamic Development Bank is _____ |
| A. | Sohar, Oman |
| B. | Kuala Lumpur, Malaysia |
| C. | Jeddah, Saudi Arabia |
| D. | Baghdad, Iraq |
| Answer» D. Baghdad, Iraq | |
| 597. |
Which of the following is the Headquarters of Yes Bank? |
| A. | Noida |
| B. | Hyderabad |
| C. | Chennai |
| D. | Mumbai |
| Answer» E. | |
| 598. |
DBS Bank has been headquartered in __________ |
| A. | United Kingdom |
| B. | Spain |
| C. | Singapore |
| D. | South Africa |
| Answer» D. South Africa | |
| 599. |
Which of the following is the Headquarters of Axis Bank? |
| A. | Mumbai |
| B. | Hyderabad |
| C. | Chennai |
| D. | Bangalore |
| Answer» B. Hyderabad | |
| 600. |
RBS Bank has been headquartered in __________ |
| A. | Glasgow, United Kingdom |
| B. | Edinburgh, United Kingdom |
| C. | Skye, United Kingdom |
| D. | Aberdeen, United Kingdom |
| Answer» C. Skye, United Kingdom | |