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.
| 651. |
The Foreign exchange of India is kept with _________ |
| A. | SBI |
| B. | ECGC |
| C. | RBI |
| D. | NABARD |
| Answer» D. NABARD | |
| 652. |
Balance in a current account is classified as ________ |
| A. | Hybrid Deposit |
| B. | Term Deposit |
| C. | Demand Deposit |
| D. | Demand Deposit |
| Answer» D. Demand Deposit | |
| 653. |
A non performing Asset in Banking Business means ________ |
| A. | A fixed asset of Bank is not been utilized |
| B. | A portion of deposits not been utilized |
| C. | A loan asset on which interest and/or instalments remain unchanged. |
| D. | All of the Above |
| Answer» D. All of the Above | |
| 654. |
Bank Holidays are covered by which of the following? |
| A. | As per the order of the GOI |
| B. | As per the order of the IBA |
| C. | Negotiable Instruments Act |
| D. | RBI Act |
| Answer» D. RBI Act | |
| 655. |
In International Banking terms,”Appreciation” of Rupee means ________ |
| A. | Excess of exports over imports |
| B. | Purchasing power of rupee has come down |
| C. | Availability of less foreign currency vis-a-vis rupee |
| D. | Excess of imports over exports |
| Answer» D. Excess of imports over exports | |
| 656. |
Which of the following is the negotiable instrument? |
| A. | Fixed Deposit of a Bank |
| B. | Share certificate issued by a PSU |
| C. | Demand Draft issued by a bank |
| D. | Debenture of a company |
| Answer» D. Debenture of a company | |
| 657. |
Who amongst the following is the regulator in the financial system of the country? |
| A. | Other than those given as options |
| B. | SEBI |
| C. | CRISIL |
| D. | TRAN |
| Answer» C. CRISIL | |
| 658. |
In Bank’s balance sheet, which of the following is an asset? |
| A. | Its paid up capital |
| B. | Its saved deposits |
| C. | Its instrument in government securities |
| D. | Its accumulated Reserve Funds |
| Answer» D. Its accumulated Reserve Funds | |
| 659. |
The ratio of deposits to loans of a bank is known as _______ |
| A. | NPA coverage Ratio |
| B. | Return on asset ratio |
| C. | Asset Coverage ratio |
| D. | Other than those given as options |
| Answer» E. | |
| 660. |
Loans granted by a bank to an exporter popularly known as ‘Export credit’ is guaranteed, in case of default,by which of the following |
| A. | EXIM Bank |
| B. | Ministry of International Trade, GOA |
| C. | ECGC |
| D. | DICGC |
| Answer» D. DICGC | |
| 661. |
The process by which the central bank of a country controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth is known as: |
| A. | Economic Policy |
| B. | Monetary Policy |
| C. | Fiscal Policy |
| D. | Credit Policy |
| Answer» C. Fiscal Policy | |
| 662. |
Poverty line is expressed in terms of an overall _______ |
| A. | Per capita Income |
| B. | Per Capita consumption expenditure |
| C. | Per Capita entertainment expenditure |
| D. | Per Capita development expenditure |
| Answer» C. Per Capita entertainment expenditure | |
| 663. |
Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in India? |
| A. | Consumer Price Index |
| B. | Wholesale Price Index |
| C. | Personal Consumption Expenditures Price Index |
| D. | GDP Deflator |
| Answer» C. Personal Consumption Expenditures Price Index | |
| 664. |
A financial contract that derives its value from another asset or an index of asset values is known as __________ |
| A. | Insurance Policy |
| B. | Security |
| C. | Derivative |
| D. | Share |
| Answer» D. Share | |
| 665. |
Section 80E of the Income Tax Act provides for deduction of interest paid on Education or study loan taken for higher education. Deduction under section 80E is available for _____ |
| A. | 2 years |
| B. | 4 years |
| C. | 8 years |
| D. | 10 years |
| Answer» D. 10 years | |
| 666. |
In the field of banking, what does ADF stand for? |
| A. | Additional Dearness Allowance |
| B. | Automated Data Flow |
| C. | Additional Deposit Allowance |
| D. | Automated Deposit Allowance |
| Answer» C. Additional Deposit Allowance | |
| 667. |
Which of the following types of economy is an example of sustainable economy? |
| A. | Capitalist Economy |
| B. | Mixed Economy |
| C. | Socialist Economy |
| D. | Traditional Economy |
| Answer» E. | |
| 668. |
Which of the following types of cards is free from credit risk? |
| A. | Credit card |
| B. | Debit Card |
| C. | Prepaid Cards |
| D. | Charge Cards |
| Answer» C. Prepaid Cards | |
| 669. |
What is the purpose of KYC in banking? |
| A. | It is used for customer identification |
| B. | It is used for increasing the CRR of banks |
| C. | It is used against money laundering |
| D. | Both (A) and (C) |
| Answer» E. | |
| 670. |
Alterations, if any, on cheques are required to be authenticated by the signature of _______ |
| A. | Payee |
| B. | Depositor |
| C. | Drawer |
| D. | Endorse |
| Answer» D. Endorse | |
| 671. |
Which of the following can issue commercial paper for raising short term funds? |
| A. | Corporates |
| B. | Primary Dealers |
| C. | All-India Financial Institutions |
| D. | Both (B) and (C) |
| Answer» D. Both (B) and (C) | |
| 672. |
Which of the following is the most liquid money? |
| A. | M1 |
| B. | M2 |
| C. | Securities |
| D. | M3 |
| Answer» B. M2 | |
| 673. |
Part of company’s earning or profit which is paid out to share holders is known as _______ |
| A. | Premium |
| B. | Dividend |
| C. | Bonus |
| D. | Sum Assured |
| Answer» C. Bonus | |
| 674. |
According to the Income Tax act of 1961, the age of Super senior Citizens should be _______ |
| A. | 60 years |
| B. | 70 years |
| C. | 80 years |
| D. | 75 years |
| Answer» D. 75 years | |
| 675. |
For expanding access to banking services, the RBI has advised banks to open branches with minimum infrastructure support of 8 to 10BC units at a reasonable 3-4km. Such branches are known as _______ |
| A. | White Label ATMs |
| B. | Ultra Small Branches |
| C. | Banking Kiosks |
| D. | CBS Terminals |
| Answer» C. Banking Kiosks | |
| 676. |
Derivatives contract which gives the buyer/holder of the contract the right(but not the obligation) to buy/sell the underlying asset at a predetermined price within or at end of a specified period is known as |
| A. | Futures contract |
| B. | Option Contract |
| C. | Index Futures contract |
| D. | Mini Derivative contract |
| Answer» C. Index Futures contract | |
| 677. |
What is the term for a bank without any branch network that offers its services remotely? |
| A. | Internet only Banks |
| B. | Direct Bank |
| C. | Lending Institution |
| D. | Indirect Bank |
| Answer» C. Lending Institution | |
| 678. |
Which of the following is a receipt, declaring ownership of shares of a foreign company. which can be listed in India and traded in rupees? |
| A. | ADR |
| B. | GDR |
| C. | IDR |
| D. | EDR |
| Answer» D. EDR | |
| 679. |
When a customer deposits cheque to a bank, the bank is a(n) |
| A. | Drawer |
| B. | Agent |
| C. | Principal |
| D. | Drawee |
| Answer» C. Principal | |
| 680. |
Under which Act are the KYC norms implemented? |
| A. | SEBI Act 1992 |
| B. | Foreign Contribution and Regulation Act, 1976 |
| C. | Prevention of Money laundering Act 2002 |
| D. | Banking Regulation Act, 1949 |
| Answer» D. Banking Regulation Act, 1949 | |
| 681. |
What is the duration of Public Provident Fund (PPF) account? |
| A. | 3 years |
| B. | 5 years |
| C. | 9 years |
| D. | 15 years |
| Answer» E. | |
| 682. |
What does amortization mean? |
| A. | Spreading payments over multiple periods |
| B. | Buying a financial instrument in order to sell the same instrument at a higher price in another market |
| C. | Issuance approval,by a credit card issuer |
| D. | Buying the underlying securities at a specified excercise price |
| Answer» B. Buying a financial instrument in order to sell the same instrument at a higher price in another market | |
| 683. |
Which of the following Bank has received RBI's approval to buy the securities services arm of IL&FS recently? |
| A. | Federal Bank |
| B. | IndusInd Bank |
| C. | South Indian Bank |
| D. | Axis Bank |
| Answer» C. South Indian Bank | |
| 684. |
Jio Payments Bank Limited has commenced operations as a payments bank. RBI has issued a license to the bank under Section _____________ of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. |
| A. | Section 22 (5) |
| B. | Section 25 (5) |
| C. | Section 32 (4) |
| D. | Section 22 (1) |
| Answer» E. | |
| 685. |
An MoU was signed between the Indian Army and _______________ on the Defence Salary Package. |
| A. | ICICI Bank |
| B. | State Bank of India |
| C. | HDFC Bank |
| D. | Kotak Mahindra Bank |
| Answer» D. Kotak Mahindra Bank | |
| 686. |
SIDBI has celebrated its foundation day on 02nd April ____________ as the day of Sampark (connect), Sanwad (interaction), Suraksha (security) and Sampreshan (disseminate). |
| A. | 1990 |
| B. | 1992 |
| C. | 1988 |
| D. | 1982 |
| Answer» B. 1992 | |
| 687. |
Jana Small Finance Bank (formerly Janalakshmi Financial Services) announced commencement of its banking operations. Jana Small Finance Bank based in- |
| A. | Jaipur |
| B. | Chennai |
| C. | Bengaluru |
| D. | Kolkata |
| Answer» D. Kolkata | |
| 688. |
SEBI has decided to double the investment limit by angel funds in venture capital undertakings to- |
| A. | Rs. 25 crore |
| B. | Rs. 15 crore |
| C. | Rs. 20 crore |
| D. | Rs. 10 crore |
| Answer» E. | |
| 689. |
In a bid to prevent the possibility of manipulation in the prices of securities, especially government securities (G-Secs), ________________________ has changed the methodology used by debt market players, including banks and primary dealers, for their valuation. |
| A. | Ministry of Finance |
| B. | Ministry of Corporate Affairs |
| C. | Securities and Exchange Board of India |
| D. | Reserve Bank of India |
| Answer» E. | |
| 690. |
The RBI has imposed a monetary penalty of _______________ on ICICI Bank Limited for non-compliance with the directions issued by the RBI on direct sale of securities from its Held To Maturity (HTM) portfolio and specified disclosure in this regard. |
| A. | Rs. 100.2 crore |
| B. | Rs. 402.1 crore |
| C. | Rs. 58.9 crore |
| D. | Rs. 1000.8 crore |
| Answer» D. Rs. 1000.8 crore | |
| 691. |
SEBI has allowed physical settlement of both stock options and stock futures. At present only cash settlement of derivatives is allowed. Where is the Head Office of SEBI? |
| A. | New Delhi |
| B. | Mumbai |
| C. | Hyderabad |
| D. | Kolkata |
| Answer» C. Hyderabad | |
| 692. |
Which Bank/ organization has announced that it will provide a USD 500 million credit facility to Economic Community of West African States (ECOWAS) to fund various development projects in western-south Africa? |
| A. | Export-Import Bank |
| B. | National Bank for Agriculture and Rural Development |
| C. | Small Industries Development Bank of India |
| D. | National Housing Bank |
| Answer» B. National Bank for Agriculture and Rural Development | |
| 693. |
SWIFT announces the extension of its GPI Tracker to cover all payment instructions sent across the network, enabling GPI banks to track all their SWIFT payment instructions at all times, and giving them full visibility over all their payments activity. What is the meaning of "S" in SWIFT? |
| A. | Service |
| B. | Society |
| C. | System |
| D. | Scheme |
| Answer» C. System | |
| 694. |
Which among the following Small Finance Bank has launched a new ‘Yellow Army Savings Account’ to increase its customer base through its association with the Chennai Super Kings (CSK), a franchise of the Indian Premium League (IPL)? |
| A. | ESAF Microfinance and Investments Private Limited |
| B. | Disha Microfin Private Limited |
| C. | Equitas Small Finance Bank |
| D. | Ujjivan Small Finance Bank |
| Answer» D. Ujjivan Small Finance Bank | |
| 695. |
Which Bank has signed an agreement with the Government e-Marketplace (GeM) under which the bank will facilitate a host of services to the public procurement portal for Central and state government organizations? |
| A. | Federal Bank |
| B. | South Indian Bank |
| C. | Nainital Bank |
| D. | HDFC Bank |
| Answer» E. | |
| 696. |
Which of the following Bank has allowed the amalgamation of its wholly own subsidiary- All Bank Finance Ltd (ABFL)-with the lender by Ministry of Corporate Affairs recently? |
| A. | Corporation Bank |
| B. | Bank of Baroda |
| C. | Punjab National Bank |
| D. | Allahabad Bank |
| Answer» E. | |
| 697. |
Online Food ordering and delivery platform Swiggy has partnered with ____________ to roll out two digital solutions to facilitate the transfer of funds for its delivery partners. |
| A. | ICICI Bank |
| B. | State Bank of India |
| C. | HDFC Bank |
| D. | Kotak Mahindra Bank |
| Answer» B. State Bank of India | |
| 698. |
What is the maturity period for senior citizen savings scheme? |
| A. | 3 years |
| B. | 5 years |
| C. | 2 years |
| D. | 5 years |
| Answer» C. 2 years | |
| 699. |
Investment under senior citizen savings scheme qualifies for the benefit of __________ of the Income Tax Act, 1961. |
| A. | Section 60C |
| B. | Section 70C |
| C. | Section 80C |
| D. | Section 90C |
| Answer» D. Section 90C | |
| 700. |
In Sukanya Samriddhi Account, What is the maximum limit on number of deposits either in a month or in a Financial year? |
| A. | 5 |
| B. | 4 |
| C. | 6 |
| D. | 8 |
| Answer» D. 8 | |