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.
| 601. |
The Headquarters of Kotak Mahindra Bank is located in _______ |
| A. | Mumbai |
| B. | Hyderabad |
| C. | Chennai |
| D. | Bangalore |
| Answer» B. Hyderabad | |
| 602. |
Which of the following is the Headquarters of City Union Bank? |
| A. | Kanchipuram |
| B. | Cuddalore |
| C. | Dindigul |
| D. | Kumbakonam |
| Answer» E. | |
| 603. |
The Headquarters of Capital Local Area Bank is situated in _______ |
| A. | Amritstar, Punjab |
| B. | Ludhiana, Punjab |
| C. | Bathinda, Punjab |
| D. | Jalandhar, Punjab |
| Answer» E. | |
| 604. |
Which of the following holds majority stake in RRBs? |
| A. | Central Government |
| B. | State Government |
| C. | Sponsor Banks |
| D. | All of the Above |
| Answer» B. State Government | |
| 605. |
The Regional Rural Banks were owned by _________ |
| A. | Central Government |
| B. | State Government |
| C. | Sponsor Banks |
| D. | All of the Above |
| Answer» E. | |
| 606. |
Deposit Insurance and Credit Guarantee Corporation ( DICGC) is a subsidiary of ________ |
| A. | RBI |
| B. | IDBI |
| C. | 34 Government of India owned / controlled institutions |
| D. | None of the Above |
| Answer» B. IDBI | |
| 607. |
Micro Units Development and Refinance Agency(MUDRA) Bank has been headquartered in _______ |
| A. | Mumbai |
| B. | Bangalore |
| C. | New Delhi |
| D. | Hyderabad |
| Answer» D. Hyderabad | |
| 608. |
Which of the following is/are an entity founded by SIDBI? |
| A. | Credit Guarantee Fund Trust for Micro and Small Enterprises |
| B. | SIDBI Venture Capital Ltd |
| C. | ISARC |
| D. | All of the Above |
| Answer» E. | |
| 609. |
Currently Small Industries Development Bank of India(SIDBI) is a wholly owned subsidiary of _______ |
| A. | RBI |
| B. | IDBI |
| C. | 34 Government of India owned / controlled institutions |
| D. | None of the Above |
| Answer» D. None of the Above | |
| 610. |
Which of the following holds majority stake in NABARD? |
| A. | RBI |
| B. | Government Of India |
| C. | IRDAI |
| D. | None of the Above |
| Answer» C. IRDAI | |
| 611. |
As per the Exim Bank Act, at a particular point in time, the Exim Bank can have a maximum of _________ directors on its Board. |
| A. | 16 |
| B. | 15 |
| C. | 14 |
| D. | 13 |
| Answer» B. 15 | |
| 612. |
National Housing Bank (NHB), a wholly owned subsidiary of _________ |
| A. | RBI |
| B. | Government Of India |
| C. | IRDAI |
| D. | State Government |
| Answer» B. Government Of India | |
| 613. |
ECGC Limited (Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by? |
| A. | RBI |
| B. | Government Of India |
| C. | IRDAI |
| D. | NABARD |
| Answer» C. IRDAI | |
| 614. |
The Public Provident Fund(PPF) has the interest rate of _____________ |
| A. | 7.1% |
| B. | 7.2% |
| C. | 8.1% |
| D. | 8.2% |
| Answer» D. 8.2% | |
| 615. |
A minimum yearly deposit of ________ is required to open and maintain a PPF account, and a maximum deposit of _____. |
| A. | Rs. 500 and Rs 1.50 lakhs |
| B. | Rs. 1000 and Rs 2.50 lakhs |
| C. | Rs. 2000 and Rs 3.50 lakhs |
| D. | Rs. 5000 and Rs 4.50 lakhs |
| Answer» B. Rs. 1000 and Rs 2.50 lakhs | |
| 616. |
In National Savings Certificates, investment up to ________ per annum qualifies for IT Rebate under section 80C of Income Tax Act. |
| A. | Rs.10 lakh |
| B. | Rs.2 lakh |
| C. | Rs.5 lakh |
| D. | Rs.1 lakh |
| Answer» E. | |
| 617. |
The 5-year National saving certificate has the interest rate of _____________ |
| A. | 7.1% |
| B. | 7.2% |
| C. | 8.1% |
| D. | 8.2% |
| Answer» D. 8.2% | |
| 618. |
The amount invested in Kisan Vikas Patra(KVP) would get doubled in ________ months. |
| A. | 100 |
| B. | 105 |
| C. | 110 |
| D. | 115 |
| Answer» D. 115 | |
| 619. |
Minimum amount that can be invested in Kisan Vikas Patra(KVP) Certificate is _________ |
| A. | Rs.100 |
| B. | Rs.200 |
| C. | Rs.500 |
| D. | Rs.1000 |
| Answer» E. | |
| 620. |
NABARD was set up with an initial capital of __________ |
| A. | 100 crore |
| B. | 200 crore |
| C. | 300 crore |
| D. | 500 crore |
| Answer» B. 200 crore | |
| 621. |
Authorised capital of National Payments Corporation of India (NPCI) is _________ and paid up capital is _______ |
| A. | Rs 300 crore and Rs 100 crore |
| B. | Rs 350 crore and Rs 50 crore |
| C. | Rs 200 crore and Rs 100 crore |
| D. | Rs 100 crore and Rs 50 crore |
| Answer» B. Rs 350 crore and Rs 50 crore | |
| 622. |
Micro Units Development Refinance Agency (MUDRA) has a corpus of _______, and credit guarantee corpus of ________ |
| A. | Rs 25,000 crore and Rs.3,000 crore |
| B. | Rs 20,000 crore and Rs.4,000 crore |
| C. | Rs 15,000 crore and Rs.4,000 crore |
| D. | Rs 20,000 crore and Rs.3,000 crore |
| Answer» E. | |
| 623. |
The Headquarters of National Payments Corporation of India(NPCI) is ________ |
| A. | New Delhi |
| B. | Hyderabad |
| C. | Mumbai |
| D. | Chennai |
| Answer» D. Chennai | |
| 624. |
Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of________ |
| A. | Six months |
| B. | Three months |
| C. | One year |
| D. | 15 days |
| Answer» D. 15 days | |
| 625. |
Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? |
| A. | Current Account |
| B. | Savings Account of Minors |
| C. | Deposit from Minority groups |
| D. | BSBDA |
| Answer» B. Savings Account of Minors | |
| 626. |
The practice of lending money to unrelated individuals, or “peers”, without going through a traditional financial intermediary such as a bank or other traditional financial institution is called__________ |
| A. | B2B transactions |
| B. | C2C transactions |
| C. | P2P lending |
| D. | PPP Model |
| Answer» D. PPP Model | |
| 627. |
An open source platform for mobile-to-mobile fund transfers without account details launched by NPCI was ________ |
| A. | Unified Payment Interface |
| B. | Union of Payment Interface |
| C. | Payment Interface |
| D. | Unique Payment Interface |
| Answer» B. Union of Payment Interface | |
| 628. |
e-KYC is possible only for those who have _______ |
| A. | PAN Card |
| B. | Driving License |
| C. | Ration Card |
| D. | Aadhaar Number |
| Answer» E. | |
| 629. |
Who finalises the value and volume of the notes to be printed every year? |
| A. | Independently by Ministry of Finance |
| B. | Independently by Ministry of Government of India |
| C. | Committee of Bank Heads |
| D. | With Mutual Consultation of the RBI and GOI |
| Answer» E. | |
| 630. |
The agency which is tasked with collecting analysing and disseminating information related to dubious financial transactions is ________ |
| A. | Financial Intelligence Unit(FIU) |
| B. | Financial Action Task Force(FATF) |
| C. | Central Economic Intelligence Bureau(CEIB) |
| D. | Central Intelligence Bureau(CIB) |
| Answer» B. Financial Action Task Force(FATF) | |
| 631. |
Public Debt Management Agency (PDMA) is being to set up to prevent leakages and development of the ___________ |
| A. | Treasury Market |
| B. | Bond Market |
| C. | Money Market |
| D. | Capital Market |
| Answer» C. Money Market | |
| 632. |
The record of all economic transactions between the residents of a country and the rest of the world in a particular period is known as _______ |
| A. | Balance in Current Account |
| B. | Balance in Capital Account |
| C. | Trade Settlements |
| D. | Balance of Payments |
| Answer» E. | |
| 633. |
The structure of the registry which will enable quick sharing of information about unstructured borrowers and help banks fight bad loans. The registry is called _______ |
| A. | CIBIL |
| B. | Fraudelent Borrowers List |
| C. | RBI wilful Defaulter List |
| D. | Central Fraud Registry |
| Answer» E. | |
| 634. |
CGTMSE stands for _______ |
| A. | Central Government Fund Trust for Medium and Small Enterprises |
| B. | Central Government Fund Transfer fund for Medium and Small Enterprises |
| C. | Central Government Fund for Medium Size Enterprises |
| D. | Credit Guarantee Fund Trust for Micro and Small Enterprises |
| Answer» E. | |
| 635. |
With which article of the Indian Constitution is Money Bill related? |
| A. | Article 110 |
| B. | Article 109 |
| C. | Article 108 |
| D. | Article 107 |
| Answer» B. Article 109 | |
| 636. |
Which of the following comes under the category of Development Banks? |
| A. | Industrial Development Banks |
| B. | Agricultural Development Banks |
| C. | Housing Development Banks |
| D. | All of the Above |
| Answer» E. | |
| 637. |
The largest shareholder of a nationalized bank is_______ |
| A. | RBI |
| B. | Government of India |
| C. | NABARD |
| D. | All of the Above |
| Answer» C. NABARD | |
| 638. |
Which of the following was the first credit rating agency of India? |
| A. | CIBIL |
| B. | Equifax |
| C. | CRISIL |
| D. | ICRA |
| Answer» B. Equifax | |
| 639. |
Which of the following works is/are done by Credit Information Companies? |
| A. | Collecting records of an individual’s payments pertaining to loans |
| B. | Maintaining records of an individual’s payments pertaining to credit cards |
| C. | Creating Credit Information Reports |
| D. | All of the Above |
| Answer» E. | |
| 640. |
By which rate is the domestic current rate of currency converted into foreign currency? |
| A. | Bank Rate |
| B. | CRR |
| C. | Stock Exchange Rate |
| D. | Exchange Rate |
| Answer» E. | |
| 641. |
Which of the following institutions is responsible for the supervision of RRBs? |
| A. | RBI |
| B. | SEBI |
| C. | NABARD |
| D. | Both (A) and (C) |
| Answer» E. | |
| 642. |
What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank? |
| A. | Rs.25000 |
| B. | Rs.50000 |
| C. | Rs.75000 |
| D. | Rs.1,00,000 |
| Answer» E. | |
| 643. |
The Aadhaar-Enabled Payment Systems(AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar authentication number. Aadhaar enabled basic types of banking do not include |
| A. | Balance Enquiry |
| B. | Cash Withdrawal |
| C. | Online Payment |
| D. | Cash Deposit |
| Answer» D. Cash Deposit | |
| 644. |
Which of the following is known as “Demat” account? |
| A. | Account in which shares are held in electronic form |
| B. | other than those given as options |
| C. | Account allowed to be operated by guardian of minor |
| D. | Account operated by business correspondents in rural centres. |
| Answer» B. other than those given as options | |
| 645. |
Which of the following forms of securing a loan is the safest one? |
| A. | Lien |
| B. | Assignment |
| C. | Pledge |
| D. | Hypothecation |
| Answer» D. Hypothecation | |
| 646. |
In case of failed ATM transactions, if the amount is not credited to customer’s account within 7 working days from the date of receipt of the complaint. Banks have to pay compensation at the rate of Rs.________ per day. |
| A. | 150 |
| B. | 200 |
| C. | 100 |
| D. | 10 |
| Answer» D. 10 | |
| 647. |
Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of _______ |
| A. | 15 days |
| B. | 3 months |
| C. | 6 months |
| D. | 1 year |
| Answer» B. 3 months | |
| 648. |
Maximum loan amount to individuals against security shares can be _____ |
| A. | 20 lakh |
| B. | 15 lakh |
| C. | 25 lakh |
| D. | 50 lakh |
| Answer» B. 15 lakh | |
| 649. |
In which of the following types of banking, there is a direct execution of transaction between a bank and its consumers? |
| A. | Retail Banking |
| B. | Universal Banking |
| C. | Virtual Banking |
| D. | Unit Banking |
| Answer» B. Universal Banking | |
| 650. |
Fiscal policy is concerned with which of the following? |
| A. | Public revenue and Expenditure |
| B. | Issue of Currency |
| C. | Export Import |
| D. | Population Control |
| Answer» B. Issue of Currency | |