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.
| 701. |
If minimum Rs.1000 is not deposited in Sukanya Samriddhi Account in a financial year, account will become discontinued and can be revived with a penalty of _______ per year. |
| A. | Rs.50 |
| B. | Rs.100 |
| C. | Rs.25 |
| D. | Rs.75 |
| Answer» B. Rs.100 | |
| 702. |
Sukanya Samriddhi Account can be opened up to age of ________ years only from the date of birth |
| A. | Five years |
| B. | Four years |
| C. | Six years |
| D. | Eight years |
| Answer» D. Eight years | |
| 703. |
Lack of access to financial services is technically known as ______ |
| A. | Financial Instability |
| B. | Financial Stability |
| C. | Financial Inclusion |
| D. | Financial Exclusion |
| Answer» E. | |
| 704. |
When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called __________ |
| A. | Revenue Deficit |
| B. | Budgetary Deficit |
| C. | Zero Budgeting |
| D. | Trade Gap |
| Answer» C. Zero Budgeting | |
| 705. |
Which of the following economic concepts is categorised on the basis of Current Account or Capital Account or both? |
| A. | Balance of Payments |
| B. | Value of the food grain stock of a country |
| C. | Gross National Product |
| D. | Gross National Income(GNI) |
| Answer» B. Value of the food grain stock of a country | |
| 706. |
Which of the following is an investment advisory discipline? |
| A. | Corporate Industrial Finance |
| B. | Offshare Banking |
| C. | Wholesale Banking |
| D. | Wealth Management |
| Answer» E. | |
| 707. |
The seed capital of Bharatiya Mahila Bank is ________ |
| A. | Rs.5000 crore |
| B. | Rs.1000 crore |
| C. | Rs.500 crore |
| D. | Rs.100 crore |
| Answer» C. Rs.500 crore | |
| 708. |
RBI has recently constituted an expert committee to look into a range of issues relating to classification of bad loans, rising incidents of frauds and effectiveness of audits. The committee under the chairmanship of- |
| A. | Usha Ananthasubramanian |
| B. | Arvind Subramanian |
| C. | YH Malegam |
| D. | Vimal Jalan |
| Answer» D. Vimal Jalan | |
| 709. |
GIFT city and Deloitte Touche Tohmatsu India LLP (DTTILLP) has Signed an MoU To Promote IFSC Operations recently. What is the meaning of "F" in IFSC? |
| A. | First |
| B. | Funding |
| C. | Following |
| D. | Financial |
| Answer» E. | |
| 710. |
he Asian Development Bank (ADB) and the Government of India signed ______________ million loan agreement to help modernize technical and vocational education and training (TVET) institutions and improve the skills ecosystem in the State of Himachal Pradesh. |
| A. | $80 million |
| B. | $70 million |
| C. | $50 million |
| D. | $10 million |
| Answer» B. $70 million | |
| 711. |
India and Canada were signed to establish bilateral cooperation activities in the field of IPRs. IPRs stands for- |
| A. | Intellectual Property Region |
| B. | Intellectual Product Rights |
| C. | International Property Rights |
| D. | Intellectual Property Rights |
| Answer» E. | |
| 712. |
Rivigo, a homegrown logistics start-up that owns as well as acts as an aggregator of trucks, is tying up with YES Bank, IDFC, and 10 other financial institutions to make cheaper funds available to truck owners and operators on its platform. The funds will be available at an interest rate of- |
| A. | 2-3 percent per month |
| B. | 1-2 percent per month |
| C. | 3-4 percent per month |
| D. | 4-5 percent per month |
| Answer» C. 3-4 percent per month | |
| 713. |
The Centre, Maharastra Government, and the World Bank have signed a _____________ million dollar project to help small and marginals farmers in the Marathwada and Vidarbha region of the state. |
| A. | 102 million dollar |
| B. | 100 million dollar |
| C. | 956 million dollar |
| D. | 420 million dollar |
| Answer» E. | |
| 714. |
Name the Bank, which has signed a $930-million deal with China's energy conglomerate Golden Concord (GCL) to produce and sell solar equipment in India. |
| A. | State Bank of India |
| B. | Bank of Japan |
| C. | Federal Reserve |
| D. | SoftBank |
| Answer» E. | |
| 715. |
Digital payments company PayPal and FIEO has signed an agreement for the promotion of outbound shipments among small and medium enterprises (SMEs) leveraging the partners' expertise and technology products. What is the meaning of "I" in FIEO? |
| A. | Indian |
| B. | Initial |
| C. | International |
| D. | Increase |
| Answer» B. Initial | |
| 716. |
What is the maximum limit on cash payment that is to be made to the beneficiary under MTSS in India? |
| A. | Rs. 25,000 |
| B. | Rs. 15,000 |
| C. | Rs. 10,000 |
| D. | Rs. 40,000 |
| Answer» D. Rs. 40,000 | |
| 717. |
Deutsche Bank AG named Christian Sewing as the Chief Executive officer of the Bank. He has replaced John Cryan. Deutsche Bank based in- |
| A. | Canada |
| B. | Germany |
| C. | Japan |
| D. | Switzerland |
| Answer» C. Japan | |
| 718. |
How many remittances can be received by a single individual beneficiary under the scheme during a year? |
| A. | 40 |
| B. | 45 |
| C. | 40 |
| D. | 35 |
| Answer» D. 35 | |
| 719. |
RBI, in consultation with the Government, has hiked the FPI investment limit in Central government securities (G-Sec) from 5% of outstanding stock now to 5.5% in FY2019 and _____________ in FY2020. |
| A. | 6.0% |
| B. | 5.9% |
| C. | 5.8% |
| D. | 5.7% |
| Answer» B. 5.9% | |
| 720. |
The Reserve Bank of India switched back to the Gross Domestic Product (GDP)-based measure to offer its growth estimates from the GVA methodology. GVA stands for- |
| A. | General Value Added |
| B. | Gross Value Added |
| C. | Gross Vehicle Added |
| D. | Gross Value Agency |
| Answer» C. Gross Vehicle Added | |
| 721. |
What is the maximum limit on the amount of money that can be sent under MTSS? |
| A. | USD 2,500 |
| B. | USD 1,500 |
| C. | USD 1,000 |
| D. | USD 2,200 |
| Answer» B. USD 1,500 | |
| 722. |
India’s foreign exchange reserves hit a life-time high of 424.361 billion US dollar after rising by 1.828 billion dollars in the week to 30th March 2018. The foreign reserves are managed by- |
| A. | Ministry of Finance |
| B. | Government of India |
| C. | Reserve Bank of India |
| D. | Export–Import Bank of India |
| Answer» D. Export–Import Bank of India | |
| 723. |
The Overseas Principal should obtain necessary authorisation from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system? |
| A. | Reserve Bank of India Act–1934 |
| B. | . Banking Companies (Acquisition and Transfer of Undertakings) Act–1970 |
| C. | Banking Regulation (Companies) Rules, 1949 |
| D. | Payment and Settlement Systems Act (PSS Act), 2007 |
| Answer» E. | |
| 724. |
Monetary Policy Committee has decided to keep the policy repo rate in 1st Bi-Monthly Monetary Policy Statement 2017-18 under the liquidity adjustment facility (LAF) unchanged at- |
| A. | 6.50% |
| B. | 6.25% |
| C. | 6.75% |
| D. | 6.00% |
| Answer» E. | |
| 725. |
Several Budget proposals, including the reintroduction of the tax on long-term capital gains (LTCG) exceeding ____________ from the sale of shares, has kicked from 01st April 2018, the beginning of the 2018-19 financial year. |
| A. | Rs 1 lakh |
| B. | Rs 2 lakh |
| C. | Rs 3 lakh |
| D. | Rs 4 lakh |
| Answer» B. Rs 2 lakh | |
| 726. |
_________ is a way of transferring personal remittances from abroad to beneficiaries in India |
| A. | RDA |
| B. | MTSS |
| C. | Both (A) and (B) |
| D. | All of the Above |
| Answer» C. Both (A) and (B) | |
| 727. |
Which of the following is an observer of FATF? |
| A. | Ireland |
| B. | Israel |
| C. | Saudi Arabia |
| D. | Both (B) and (C) |
| Answer» E. | |
| 728. |
India’s exports grew by _______________ in February-2018 to 25.8 billion dollars. |
| A. | 1.5% |
| B. | 7.5% |
| C. | 6.5% |
| D. | 4.5% |
| Answer» E. | |
| 729. |
How many members are there in FATF? |
| A. | 42 |
| B. | 43 |
| C. | 40 |
| D. | 37 |
| Answer» E. | |
| 730. |
FATF, an Intergovernmental Organization is headquartered in __________ |
| A. | Newyork, USA |
| B. | Geneva, Switzerland |
| C. | Italy, Rome |
| D. | Paris, France |
| Answer» E. | |
| 731. |
SIDBI is the principal development financial institution in India headquartered in Lucknow with branches all over India. What is the meaning of "S" in SIDBI? |
| A. | Short |
| B. | Scheme |
| C. | Securities |
| D. | Small |
| Answer» E. | |
| 732. |
Which of the following account can be repatriable? |
| A. | NRE Account |
| B. | NRO Account |
| C. | FCNR(B) Account |
| D. | Both (A) and(C) |
| Answer» E. | |
| 733. |
The AIIB is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region. AIIB stands for- |
| A. | Asian Infrastructure Investment Bank |
| B. | African Infrastructure Investment Bank |
| C. | Asian International Investment Bank |
| D. | Asian Indian Investment Bank |
| Answer» B. African Infrastructure Investment Bank | |
| 734. |
Who is the first President of NDB? |
| A. | Rakesh Sethi |
| B. | KV Kamath |
| C. | Arun Jaitley |
| D. | Raghuram Rajan |
| Answer» C. Arun Jaitley | |
| 735. |
Where is the head office of ADB? |
| A. | New Delhi |
| B. | Vienna |
| C. | Manila |
| D. | Beijing |
| Answer» D. Beijing | |
| 736. |
NDB, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states. What is the full form of NDB? |
| A. | New Department Bank |
| B. | Nominal Development Bank |
| C. | New Development Basel |
| D. | New Development Bank |
| Answer» E. | |
| 737. |
ADB was conceived in the early 1960s as a financial institution. ADB stands for- |
| A. | Asian Department Bank |
| B. | Asian District Bank |
| C. | African Development Bank |
| D. | Asian Development Bank |
| Answer» E. | |
| 738. |
African Development Bank is coordinating the implementation of an integrated development strategy for Portuguese-speaking countries in Africa. In which among the following year African Development Bank was founded? |
| A. | 1984 |
| B. | 1977 |
| C. | 1972 |
| D. | 1963 |
| Answer» E. | |
| 739. |
IMPS provides robust & real-time fund transfer which offers an instant, 24X7, interbank electronic fund transfer service that could be accessed on multiple channels. What is the full form of IMPS? |
| A. | Immediate Payment System |
| B. | Immediate Payment Service |
| C. | Indian Payment Service |
| D. | International Payment Service |
| Answer» C. Indian Payment Service | |
| 740. |
What is the meaning of "P" in BBPS? |
| A. | Plan |
| B. | Pending |
| C. | Payment |
| D. | Product |
| Answer» D. Product | |
| 741. |
In which year IMPS was launched by Smt. Shyamala Gopinath? |
| A. | 2014 |
| B. | 2006 |
| C. | 2008 |
| D. | 2010 |
| Answer» E. | |
| 742. |
____________ is a one-stop payment platform for all bills providing an interoperable and accessible “Anytime Anywhere” bill payment service to all customers across India with certainty, reliability, and safety of transactions. |
| A. | BBPS |
| B. | NPCI |
| C. | AEPS |
| D. | NACH |
| Answer» B. NPCI | |
| 743. |
UPI-PIN (UPI Personal Identification Number) is a ______ digit pass code you create/set during first time registration with this App. |
| A. | 6-8 digits |
| B. | 2-4 digits |
| C. | 7-9 digits |
| D. | 4-6 digits |
| Answer» E. | |
| 744. |
Name the Indian Bank, which is set for a major restructuring of its business in the United Kingdom from April 2018? |
| A. | State Bank of India |
| B. | Punjab National Bank |
| C. | United Bank of India |
| D. | Bank of Baroda |
| Answer» B. Punjab National Bank | |
| 745. |
According to CSO, the Indian economy grew at a five-quarter high of ____________ in the October-December (2017) period reflecting overall recovery due to good show by agriculture, manufacturing, construction and certain services. |
| A. | 7.6% |
| B. | 7.2% |
| C. | 7.7% |
| D. | 7.9% |
| Answer» C. 7.7% | |
| 746. |
The growth rate in FEEs in rupee terms in January 2018 over January 2017 was ___________ compared to the growth of 18.0% in January 2017 over January 2016. |
| A. | 9.3% |
| B. | 9.7% |
| C. | 9.9% |
| D. | 9.1% |
| Answer» D. 9.1% | |
| 747. |
Ministry of Tourism has estimates monthly FEEs through Tourism in India. FEEs stands for- |
| A. | Financial Exchange Earnings |
| B. | Foreign Exchange Earning |
| C. | Foreign Exchange Energy |
| D. | Foreign Exchange Earnings |
| Answer» E. | |
| 748. |
Moody's Investors Service estimated that India will grow ___________ in the calendar year 2018 and _________ in 2019, amid signs of economic recovery from the impact of demonetisation and GST. |
| A. | 7.2% and 7.3% |
| B. | 7.4% and 7.5% |
| C. | 7.7% and 7.9% |
| D. | 7.6% and 7.5% |
| Answer» E. | |
| 749. |
The Reserve Bank of India has launched Ombudsman Scheme for non-banking financial companies (NBFCs) for redressal of complaints against them. In which city, the offices of the NBFC ombudsmen will function? |
| A. | Mumbai |
| B. | Kolkata |
| C. | New Delhi |
| D. | All of the above |
| Answer» E. | |
| 750. |
Capital First announced that the regulator National Housing Bank (NHB) has approved the merger of the company along with Capital Home Finance and Capital First Securities Limited with- |
| A. | IDFC Bank |
| B. | HDFC Bank |
| C. | Axis Bank |
| D. | Kotak Mahindra Bank |
| Answer» B. HDFC Bank | |