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.
| 801. |
Axis Bank Ltd is the third largest of the private-sector banks in India offering a comprehensive suite of financial products. What is the tagline of Axis Bank? |
| A. | Badhti Ka Naam Zindagi |
| B. | Apno Ka Bank |
| C. | Khayaal Apka |
| D. | Tann. Mann. Dhan |
| Answer» B. Apno Ka Bank | |
| 802. |
"Apno Ka Bank" is the tagline of- |
| A. | IndusInd Bank |
| B. | Yes Bank |
| C. | Federal Bank |
| D. | RBL Bank |
| Answer» E. | |
| 803. |
"Khayaal Apka" is the tagline of which Bank? |
| A. | HDFC Bank |
| B. | ICICI Bank |
| C. | Federal Bank |
| D. | Axis Bank |
| Answer» C. Federal Bank | |
| 804. |
IDBI Bank was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry. Which of the following is the tagline of IDBI Bank? |
| A. | Together we can |
| B. | Honors Your Trust |
| C. | Trusted Family Bank |
| D. | Banking For All |
| Answer» E. | |
| 805. |
State Bank of India or SBI is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai. Which of the following is the tagline of SBI? |
| A. | Pure Banking Nothing Else |
| B. | Where Service Is A Way Of Life |
| C. | The Name you can Bank Upon |
| D. | A Friend You Can Bank On |
| Answer» B. Where Service Is A Way Of Life | |
| 806. |
India’s International Bank is the tagline of which Bank? |
| A. | Oriental Bank of Commerce |
| B. | Punjab & Sind Bank |
| C. | Indian Overseas Bank |
| D. | Bank of Baroda |
| Answer» E. | |
| 807. |
"Where Service Is A Way Of Life" is the tagline of- |
| A. | Oriental Bank of Commerce |
| B. | Punjab & Sind Bank |
| C. | Indian Overseas Bank |
| D. | Punjab National Bank |
| Answer» C. Indian Overseas Bank | |
| 808. |
Vijaya Bank is a public-sector bank with its corporate office in Bangalore, Karnataka, India. What is the tagline of Vijaya Bank? |
| A. | Where every individual is committed |
| B. | Where Service Is A Way Of Life |
| C. | The Name you can Bank Upon |
| D. | A Friend you can Bank Upon |
| Answer» E. | |
| 809. |
Punjab National Bank (PNB) is an Indian multinational banking and financial services company. What is the tagline of PNB? |
| A. | Where every individual is committed |
| B. | Where Service Is A Way Of Life |
| C. | The Name you can Bank Upon |
| D. | A Friend You Can Bank On |
| Answer» D. A Friend You Can Bank On | |
| 810. |
SEBI is the regulator for the securities market in India. What is the meaning of "S" in SEBI? |
| A. | Short |
| B. | Scheme |
| C. | Service |
| D. | Securities |
| Answer» E. | |
| 811. |
IRDAI stands for- |
| A. | Insurance Regulatory and Development Authority of India |
| B. | Insurance Regulatory and Development Agency of India |
| C. | Insurance Regulatory and Development Association of India |
| D. | Insurance Regulatory and Development Assembly of India |
| Answer» B. Insurance Regulatory and Development Agency of India | |
| 812. |
NABARD stands for- |
| A. | National Bank for Agriculture and Rural Derivative |
| B. | National Bank for Agriculture and Rural District |
| C. | National Bank for Agriculture and Rural Development |
| D. | National Bank for Agriculture and Rural Division |
| Answer» D. National Bank for Agriculture and Rural Division | |
| 813. |
IDRBT is a unique institution exclusively focused on Banking Technology. What is the meaning of "D" in IDRBT? |
| A. | Distance |
| B. | Derivative |
| C. | Development |
| D. | Department |
| Answer» D. Department | |
| 814. |
NIBM is an Indian institution for research, training, and consultancy in banking and finance. What is the meaning of "B" in NIBM? |
| A. | Base |
| B. | Bank |
| C. | Branch |
| D. | Banking |
| Answer» C. Branch | |
| 815. |
Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) has been registered as a Private Limited Company under the Companies Act 1956 with its Registered and Corporate Office situated in Bengaluru. Who is Chairman of BRBNMPL? |
| A. | HK Bhanwala |
| B. | BP Kanungo |
| C. | Uma Shankar |
| D. | KL Dhingra |
| Answer» C. Uma Shankar | |
| 816. |
Name the person, who is present Chairman of Life Insurance Corporation? |
| A. | Hemant Bhargava |
| B. | B Venugopal |
| C. | Subhash Chandra Garg |
| D. | V K Sharma |
| Answer» E. | |
| 817. |
Who is present and 24th governor of RBI? |
| A. | Urjit Patel |
| B. | Ajay Tyagi |
| C. | BP Kanungo |
| D. | Raghuram Rajan |
| Answer» B. Ajay Tyagi | |
| 818. |
Name the person, who is Chairman of Institute for Development & Research in Banking Technology (IDRBT)? |
| A. | HK Bhanwala |
| B. | Ajay Tyagi |
| C. | BP Kanungo |
| D. | KL Dhingra |
| Answer» D. KL Dhingra | |
| 819. |
Who is the present Director of Pune based National Institute of Bank Management (NIBM)? |
| A. | HK Bhanwala |
| B. | Ajay Tyagi |
| C. | BP Kanungo |
| D. | KL Dhingra |
| Answer» E. | |
| 820. |
The Reserve Bank of India is India's central banking institution, which controls the monetary policy of the Indian rupee. Where is the Headoffice of RBI- |
| A. | Pune |
| B. | Mumbai |
| C. | Chennai |
| D. | New Delhi |
| Answer» C. Chennai | |
| 821. |
A crossed cheque has been given to you for services rendered. In what way can you get the cheque encashed? |
| A. | By presenting it across the counter of the bank branch |
| B. | By sending it through speed clearing |
| C. | By depositing it in your personal bank account |
| D. | Anyone of the above |
| Answer» D. Anyone of the above | |
| 822. |
A bank customer could not get his grievance resolved by his bank even after referring his complaint to the designated official of the concerned bank. Whom should he approach next to settle the matter? |
| A. | Consumer protection court |
| B. | RBI |
| C. | Banking ombudsman |
| D. | Finance ministry |
| Answer» D. Finance ministry | |
| 823. |
Which of the following do you think is the accepted practice for banks? |
| A. | Banks offer higher interest rates to senior citizens on their fixed deposits as compared to others |
| B. | Banks charge lesser interest from senior citizens on their personal loans |
| C. | Senior citizens can open bank accounts without the need to follow KYC norms |
| D. | Senior citizens are not permitted to use mobile banking |
| Answer» B. Banks charge lesser interest from senior citizens on their personal loans | |
| 824. |
With which of the following would you identify a ‘no frills’ account with? |
| A. | A savings account with no minimum balance requirement |
| B. | A savings account not having KYC requirement |
| C. | Fixed deposit account for one year and less |
| D. | Savings account opened in rural branches |
| Answer» B. A savings account not having KYC requirement | |
| 825. |
How would you differentiate between a post office savings account and a savings bank account? |
| A. | There is no cheque facility with post office savings accounts |
| B. | There is no ATM of post offices |
| C. | Banks can pay interest at rates decided by them while post offices have the fixed rate of interest as decided by the government |
| D. | Passbooks are not issued by post offices |
| Answer» D. Passbooks are not issued by post offices | |
| 826. |
Which organization pays the insurance premium for getting the bank deposits insured? |
| A. | RBI |
| B. | Individual banks |
| C. | Account holders |
| D. | There is no payment of premium |
| Answer» C. Account holders | |
| 827. |
What is the name given to deposit accounts in Indian banks of Indians who reside overseas? |
| A. | Non-resident accounts |
| B. | Non-resident ordinary account |
| C. | Non-resident external account |
| D. | Absentee Indian accounts |
| Answer» B. Non-resident ordinary account | |
| 828. |
In case of cheque bouncing what is the permissible punishment? |
| A. | Imprisonment |
| B. | Fine equal to the value of the bounced cheque |
| C. | Fine equal to double the amount of bounced cheque |
| D. | Monetary fine and imprisonment |
| Answer» E. | |
| 829. |
In which situation does bank customer relationship cease? |
| A. | When there are complaints from the customer |
| B. | When the bank accepts the complaint from the customer |
| C. | When the customer is declared of unsound mind |
| D. | All of the above |
| Answer» D. All of the above | |
| 830. |
How are minors encouraged to save money by banks? |
| A. | By opening the account in the name of the minor |
| B. | By allowing savings account to minors under guardianship |
| C. | By allowing them to come to the bank for depositing money |
| D. | By going to schools |
| Answer» C. By allowing them to come to the bank for depositing money | |
| 831. |
How does a bank establish the identity of a customer? |
| A. | By getting the introduction of an existing customer |
| B. | By following KYC norms |
| C. | By taking AADHAR card copy |
| D. | All of the above |
| Answer» E. | |
| 832. |
Banks are authorized to sell third-party products. Which are these products? |
| A. | Mutual funds |
| B. | Term deposits |
| C. | Credit cards |
| D. | Gift cheques |
| Answer» B. Term deposits | |
| 833. |
RBI stipulates a healthy mix of CASA in the business figures of banks. What does it denote? |
| A. | Customer Analysis and Savings Pattern |
| B. | Cost Appreciation and Selling Analysis |
| C. | Current Account and Savings Account |
| D. | Credit and Savings Aggregate |
| Answer» D. Credit and Savings Aggregate | |
| 834. |
Savings account with zero balance can be opened for? |
| A. | Persons of high net worth |
| B. | Employees of IT companies |
| C. | financial Weaker sections of society |
| D. | Companies |
| Answer» D. Companies | |
| 835. |
What is meant by the merchant discount rate in respect of a credit card transaction? |
| A. | Merchants are given special commission for promoting bank transactions |
| B. | The bank commission charged from merchants who have point of sales terminals for card payments from customers |
| C. | The one time fees charged for providing point of sales terminal to merchants/shopkeepers |
| D. | The service tax payable by shops and merchant establishments having facility of card payments. |
| Answer» C. The one time fees charged for providing point of sales terminal to merchants/shopkeepers | |
| 836. |
Number of public sector banks have opened special units known as MSME hubs. What are they meant for? |
| A. | These are small and medium sized branches |
| B. | These are meant for units in industrial areas |
| C. | These hubs cater to specialized banking for micro, small and medium enterprises |
| D. | These outlets specially are for schools and educational institutions |
| Answer» D. These outlets specially are for schools and educational institutions | |
| 837. |
There is frequent reference to CDR when nonperforming accounts of banks are discussed. What is the full form of CDR? |
| A. | Corporate Default Regulations |
| B. | Corporate Debt Restructuring |
| C. | Corporate Debt Regulations |
| D. | Civil Debt Regulations |
| Answer» C. Corporate Debt Regulations | |
| 838. |
What is the source of income for asset reconstruction companies? |
| A. | The commission paid by banks |
| B. | The fees charged from loan defaulters |
| C. | The difference in amounts recovered from the accounts less the amount paid to the bank for buying the account |
| D. | The retainer fees by the banks |
| Answer» D. The retainer fees by the banks | |
| 839. |
In what way does an asset reconstruction company help banks? |
| A. | By buying the non performing assets of banks |
| B. | Acts as recovery agents for banks |
| C. | Converts non performing assets into performing accounts |
| D. | Helps in rehabilitation of weak accounts by rescheduling the repayment plans |
| Answer» B. Acts as recovery agents for banks | |
| 840. |
Credit information companies are preparing credit reports on borrowers for sharing with banks to enable them to take proper credit decisions. What is the most important feature of this report about individual borrowers? |
| A. | Personal credit score |
| B. | List of banks from whom loans have been taken |
| C. | The total amount of loans availed |
| D. | The amount of outstanding loan |
| Answer» B. List of banks from whom loans have been taken | |
| 841. |
Which of the following lending qualifies as a priority sector loan? |
| A. | Loan for purchase of gold for marriage of daughter |
| B. | Loan for consumer durables |
| C. | Housing loan |
| D. | Loan for purchase of tractor |
| Answer» E. | |
| 842. |
Bank loan against property requires the asset to be free from encumbrances. What does it mean? |
| A. | The asset to be free from any liability |
| B. | The asset to be properly registered |
| C. | The property to be fully constructed |
| D. | The asset should not have multiple owners |
| Answer» B. The asset to be properly registered | |
| 843. |
Which one of the following does not qualify as priority sector lending by commercial banks? |
| A. | Software exports |
| B. | Small business loans |
| C. | Education loans |
| D. | Small industries loan |
| Answer» B. Small business loans | |
| 844. |
Which of the following is a term not linked to banking and financial transactions? |
| A. | Provision coverage ratio |
| B. | Securitization |
| C. | Credit default swap |
| D. | Consolidation |
| Answer» E. | |
| 845. |
The rate of interest banks charge to its customers is linked to— |
| A. | Risk premium rate |
| B. | Base rate lending |
| C. | Benchmark prime lending rate |
| D. | Reverse repo rate |
| Answer» C. Benchmark prime lending rate | |
| 846. |
The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interests or SAFRAESI Act is meant to— |
| A. | Make recovery of bad loans simpler |
| B. | Enable banks to recover the loan amount due without the intervention of the court |
| C. | Make disbursement of loans simpler |
| D. | For faster sanction of loans and advances |
| Answer» C. Make disbursement of loans simpler | |
| 847. |
Banks are required to provide loans to the priority sector upto a specified limit. What is the limit for public sector banks? |
| A. | 40 percent |
| B. | 32 percent |
| C. | 45 percent |
| D. | 35 percent |
| Answer» B. 32 percent | |
| 848. |
What does EMI indicate in the context of a bank loan? |
| A. | Equal Monetary Incentive |
| B. | Equated Monthly Instalment |
| C. | Exact Monthly Indicator |
| D. | Exact Mean Index |
| Answer» C. Exact Monthly Indicator | |
| 849. |
What is the percentage of total bank credit that banks are required to lend to the agricultural sector in India? |
| A. | 25% |
| B. | 40% |
| C. | 18% |
| D. | 10% |
| Answer» D. 10% | |
| 850. |
The primary aim of the Lead Bank scheme for public sector banks in India is— |
| A. | Big banks should try to open branches in each district |
| B. | Individual banks are given the responsibility to monitor the district credit plan for each adopted district |
| C. | The focus should be on priority sector lending |
| D. | All out efforts for maximum deposit mobilization in each designated district |
| Answer» C. The focus should be on priority sector lending | |