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.
| 851. |
Which agency should be consulted by banks to verify whether the property to be mortgaged is free from the encumbrances? |
| A. | Central Electronic Registry or CERSAI |
| B. | Registrar of Companies |
| C. | Company Law Board |
| D. | RBI |
| Answer» B. Registrar of Companies | |
| 852. |
Reverse mortgage loans are meant for which of the following category of customers? |
| A. | Retired persons |
| B. | Retired government officials |
| C. | Senior citizens |
| D. | Individuals retired from public sector undertakings |
| Answer» D. Individuals retired from public sector undertakings | |
| 853. |
Which is the first credit information company in India? |
| A. | CIBIL |
| B. | CARE |
| C. | Experian |
| D. | ICRA |
| Answer» B. CARE | |
| 854. |
Which of the following loans does not have and security for the bank? |
| A. | Educational loans |
| B. | Personal Loans |
| C. | Reverse mortgage loans |
| D. | Bills discounting |
| Answer» C. Reverse mortgage loans | |
| 855. |
Banks are not likely to give loans against which of the following? |
| A. | Fixed deposits |
| B. | Shares of blue chip companies |
| C. | Gold and silver jewellery |
| D. | None of the given options is true |
| Answer» E. | |
| 856. |
The net interest income for the commercial banks is an important parameter for determining the profitability. What does it denote? |
| A. | The difference between RBI lending rate and the average lending rate of a bank |
| B. | The difference in the interest rates between the fixed deposit rate and savings rate of a bank |
| C. | The difference between the deposit rates and the lending rates of a bank |
| D. | The difference in the deposit rates for the banks and the borrowing rates of RBI |
| Answer» D. The difference in the deposit rates for the banks and the borrowing rates of RBI | |
| 857. |
Which of the following is known as a secured loan of a commercial bank? |
| A. | Personal loans |
| B. | Credit card overdues |
| C. | Temporary overdrafts |
| D. | Gold loans |
| Answer» E. | |
| 858. |
Banks have different interest rate for different loan products. To which rate are there interest rates linked? |
| A. | Prime lending rates |
| B. | Base rate |
| C. | RBI administered rates |
| D. | The bank rate |
| Answer» C. RBI administered rates | |
| 859. |
Banks are not comfortable in lending to the infrastructure sector. What are the reasons for this? |
| A. | Banks find it difficult to fund infrastructure projects of 15 years and more |
| B. | Infrastructure projects require large scale funding |
| C. | Infrastructure financing becomes a asset liability problem for banks |
| D. | All of the above |
| Answer» E. | |
| 860. |
Debt restructuring is often mentioned when discussing about banks’ credit portfolio. What does it suggest? |
| A. | The loan portfolio of banks is classified according to the amount of each loan |
| B. | Irregular loan accounts are assisted to regularize with modification in terms and conditions of the loan sanction |
| C. | Asset classification into performing and non performing accounts |
| D. | Substandard loan accounts are given further loans |
| Answer» C. Asset classification into performing and non performing accounts | |
| 861. |
Reverse mortgage loans are meant to provide liquidity for the senior citizens. Which of the following is a proper description of this facility? |
| A. | Banks make either monthly payments or a lump sum payment to the senior citizen |
| B. | The senior citizen has to surrender the property after 15 years |
| C. | The legal heirs cannot repay the loan amount in case of death of the senior citizen |
| D. | All of the above |
| Answer» B. The senior citizen has to surrender the property after 15 years | |
| 862. |
Base rate of lending was introduced by RBI to substitute the prime lending rate mechanism for fixing of interest rate on bank loans and advances. What is the reason for this decision of RBI? |
| A. | To exercise greater control of RBI over banks |
| B. | In accordance with Damodaran Committee recommendations |
| C. | To improve banks’ profitability |
| D. | For effective transmission of monetary policy changes and greater transparency |
| Answer» E. | |
| 863. |
What do you understand from the statement ‘Cast credit account against hypothecation of stocks’? |
| A. | Borrowing account for purchase of raw materials |
| B. | Borrowing account for working capital against security of stocks |
| C. | Working capital loan account against security of stocks in possession of the borrower |
| D. | None of the given options is true |
| Answer» D. None of the given options is true | |
| 864. |
According to the Joint Plant Committee report, India’s total export of finished steel increased by how much percent in 2017-18? |
| A. | 12.5% |
| B. | 14.6% |
| C. | 16.7% |
| D. | 20.0% |
| Answer» D. 20.0% | |
| 865. |
India has signed a loan deal worth $200 million with the World Bank for a National Mission. Name that mission. |
| A. | Mid-Day Meal Scheme |
| B. | Khana Khajana Abjiyan |
| C. | GOBAR Dhan Scheme |
| D. | POSHAN Abhiyaan |
| Answer» E. | |
| 866. |
The Reserve Bank of India (RBI) has recently announced that it would buy ______________ of government bonds via open market operation (OMO), after failing to sell all the debt it had offered to bidders. |
| A. | Rs5,000 crore |
| B. | Rs10,000 crore |
| C. | Rs12,000 crore |
| D. | Rs15,000 crore |
| Answer» C. Rs12,000 crore | |
| 867. |
Asian Development Bank Chief Economist Yasuyuki Sawada has stated India's projected GDP growth of over 7% for the current fiscal (2018-19) is amazingly fast. Who is the Present President of the Asian Development Bank? |
| A. | Ban Ki moon |
| B. | Takehiko Nakao |
| C. | Li Liquin |
| D. | Robin Li |
| Answer» C. Li Liquin | |
| 868. |
Name the President of Beijing-headquartered Asian Infrastructure Investment Bank. |
| A. | Li Keqiang |
| B. | Takehiko Nakao |
| C. | Liqun Jin |
| D. | Ban Ki-moon |
| Answer» D. Ban Ki-moon | |
| 869. |
The 12th informal meeting of SAARC Finance Ministers was held in ______________ on the sidelines of the 51st Annual Meeting of Asian Development Bank (ADB). |
| A. | Jakarta, Indonesia |
| B. | Geneva, Switzerland |
| C. | Manila, Philippines |
| D. | Kathmandu, Nepal |
| Answer» D. Kathmandu, Nepal | |
| 870. |
Name the country that has topped the list of the Foreign Direct Investment (FDI) Confidence Index 2018, released recently by the Global consultant AT Kearney. |
| A. | The USA |
| B. | Germany |
| C. | Japan |
| D. | China |
| Answer» B. Germany | |
| 871. |
State-run Power Grid Corporation of India (PGCIL) has inked a pact with the Ministry of Power to incur capital expenditure of ____________ for the current fiscal. |
| A. | Rs20,000 crore |
| B. | Rs25,000 crore |
| C. | Rs30,000 crore |
| D. | Rs35,000 crore |
| Answer» C. Rs30,000 crore | |
| 872. |
Global consultant AT Kearney released the Foreign Direct Investment (FDI) Confidence Index 2018, what is the ranking of India in that Index? |
| A. | 6th |
| B. | 8th |
| C. | 15th |
| D. | 11th |
| Answer» E. | |
| 873. |
Name the lender that has appointed Radhakrishnan Nair as an additional (independent) director of the bank for five years. |
| A. | HDFC Bank |
| B. | Axis Bank |
| C. | ICICI Bank |
| D. | IDFC Bank |
| Answer» D. IDFC Bank | |
| 874. |
Stepping up its crackdown on money laundering and round-tripping, SEBI recently came out with a detailed framework for risk-based Know Your Client (KYC) documentation of FPIs. FPI stands for ______________. |
| A. | Foreign Personnel Investors |
| B. | Foreign Portability Investment |
| C. | Foreign Personified Investment |
| D. | Foreign Portfolio Investors |
| Answer» E. | |
| 875. |
The Union Cabinet has recently approved to increase the Investment Limit for Senior Citizens from Rs. 7.5 lakh to ______________ under Pradhan Mantri Vaya VandanYojana (PMVVY). |
| A. | Rs.15 lakh |
| B. | Rs.13 lakh |
| C. | Rs.12 lakh |
| D. | Rs.10 lakh |
| Answer» B. Rs.13 lakh | |
| 876. |
The board of directors of Kotak Mahindra Bank has redesignated Uday Kotak as Managing Director and Chief Executive Officer. The Bank headquarters in ______________. |
| A. | New Delhi |
| B. | Mumbai |
| C. | Chennai |
| D. | Kolkata |
| Answer» C. Chennai | |
| 877. |
Name the lender that has recently launched its Interactive Robotic Assistant (IRA) 2.0, its interactive humanoid at the Koramangala Branch in Bengaluru. |
| A. | ICICI Bank |
| B. | HDFC Bank |
| C. | Karnataka Bank |
| D. | Axis Bank |
| Answer» C. Karnataka Bank | |
| 878. |
According to the Deutsche Bank research report, the Indian economy is witnessing a "cyclical upswing" and the country is likely to clock a GDP growth of 7. 5% this financial year. The Deutsche Bank Headquarters in _______________. |
| A. | Geneva, Switzerland |
| B. | New York, the USA |
| C. | Frankfurt, Germany |
| D. | Berlin, Germany |
| Answer» D. Berlin, Germany | |
| 879. |
The top rank MFI for the year 2016-17 in India is— |
| A. | SKF Microfinance Ltd. |
| B. | Asmitha Microfin |
| C. | Bandhan Society |
| D. | Ujjivan Financial Services |
| Answer» E. | |
| 880. |
RBI has largely accepted the recommendations of which committee set up by it to look into the issues of the micro finance sector? |
| A. | Damodaran committee |
| B. | Nair committee |
| C. | Malegam committee |
| D. | Narasimham committee |
| Answer» D. Narasimham committee | |
| 881. |
Passing of tough laws against the micro finance companies by a particular state in India has upset the micro finance sector. Which state are we talking about? |
| A. | Karnataka |
| B. | Andhra Pradesh |
| C. | Tamil Nadu |
| D. | Rajasthan |
| Answer» C. Tamil Nadu | |
| 882. |
Which of the following could be considered as an initiative towards promotion of financial inclusion? |
| A. | Opening of no frills accounts |
| B. | Appointing business correspondents for servicing rural customers |
| C. | Opening of bank branches in unbanked districts |
| D. | All of the above |
| Answer» E. | |
| 883. |
Kisan credit cards or KCC are an effective way of reaching out to the farmers by the banks. What assistance does the farmer receive in this way? |
| A. | Credit facility for crops etc. against an approved limit |
| B. | Short term credit facility against value of his crops |
| C. | Long term credit is provided against his land holdings |
| D. | Loan is permissible against crops sold but payment yet to be received by the farmer |
| Answer» B. Short term credit facility against value of his crops | |
| 884. |
Financial inclusion is a programme of the government to cover the maximum population with bank accounts. What is the current coverage approx (As on May 2018)? |
| A. | 25% |
| B. | 15% |
| C. | 40% |
| D. | 80% |
| Answer» E. | |
| 885. |
Financial literacy programme of RBI is meant to promote which of the following? |
| A. | For better understanding of banking produts and services |
| B. | It is meant to stop money laundering |
| C. | For enabling compliance with KYC norms |
| D. | All of the above |
| Answer» B. It is meant to stop money laundering | |
| 886. |
Financial inclusion is a major initiative of RBI. Which of the following is promoting this initiative? |
| A. | Waiver of agricultural loans |
| B. | Observing KYC norms strictly |
| C. | Appointment of business correspondents |
| D. | Opening of more and more ATMs |
| Answer» D. Opening of more and more ATMs | |
| 887. |
The concept of ultra small bank branch for promoting financial inclusion in the country has been introduced. How would it be described? |
| A. | Branch with two staff members |
| B. | These Branches may be set up between the base branch and BC locations so as to provide support to about 8-10 BC Units at a reasonable distance of 3-4 kilometres |
| C. | An ATM with cash payment and cash deposit |
| D. | Branch controlled by gram panchayat |
| Answer» C. An ATM with cash payment and cash deposit | |
| 888. |
Many banks are presently recruiting large numbers of business correspondents in terms of RBI instructions for financial inclusion. Which of the following is not eligible to be appointed as business correspondent? |
| A. | Bank staff member |
| B. | Kirana stores |
| C. | Retired teachers |
| D. | Ex-servicemen |
| Answer» B. Kirana stores | |
| 889. |
The concept of self groups is one of the crucial working models for promoting micro finance. What is the basis of this model? |
| A. | It is linked to the concept of group guarantee |
| B. | Each member waits for his chance to get the bank loan as per seniority in the group |
| C. | Such groups prepare their own plan for savings and credit |
| D. | They work on the principle of sharing their profit among members |
| Answer» B. Each member waits for his chance to get the bank loan as per seniority in the group | |
| 890. |
Which of the following is the most essential service for the poor in the country to be reckoned as part of financial inclusion efforts? |
| A. | Pension payments |
| B. | Life insurance |
| C. | No frills accounts |
| D. | Consumption loans |
| Answer» D. Consumption loans | |
| 891. |
MFIs currently operate in 29 States, 4 Union Territories and 588 districts in India. MFIs stands for- |
| A. | Microfinance Institutions |
| B. | Microfinance Indian |
| C. | Medium Institutions |
| D. | Market Institutions |
| Answer» B. Microfinance Indian | |
| 892. |
Small and marginal farmers get special treatment from banks. Who ae these marginal farmers? |
| A. | Those who have land for cultivation up to 1 acre |
| B. | They are paid daily wages of Rs. 100/- for working on the land |
| C. | They have land holdings upto 2 acres |
| D. | All of the above |
| Answer» D. All of the above | |
| 893. |
Which of the following are traded on the bullion market? |
| A. | Cash |
| B. | Gold |
| C. | Silver |
| D. | Both (b) and (c) |
| Answer» E. | |
| 894. |
SEBI allows retail investors to apply for shares of Initial Public Offerings without actual transfer of their funds from their accounts. What is this facility known as? |
| A. | Systematic transfer plans |
| B. | Systematic investment plans |
| C. | Hedge fund accounts |
| D. | Applications Supported by Blocked Amount |
| Answer» E. | |
| 895. |
A retail investor wishes to sell 500 units of his mutual funds holding as he is in need of money. At what price will his mutual funds units be calculated? |
| A. | At the current NAV prices |
| B. | The prevailing stock prices of the units |
| C. | At 10 percent of his buying price plus the original cost |
| D. | The current NAV price less 2 percent |
| Answer» B. The prevailing stock prices of the units | |
| 896. |
An investor holding paper securities of a well known company wishes to sell the shares in the stock market. He is unable to do so. What would you suggest to him? |
| A. | Convert the paper securities to dematerialized form |
| B. | Sell it to a stock broker |
| C. | Open a demat account and credit the shares to this account after dematerialization |
| D. | Wait for the market to improve |
| Answer» D. Wait for the market to improve | |
| 897. |
Companies declare dividends based on their financial performances/results. However, dividends at times remain unclaimed even after considerable length of time. What happens to such amounts? |
| A. | Respective companies take it to their reserve account |
| B. | The unclaimed amount is distributed among the other share holders the next year |
| C. | Transferred to the Consolidated Fund of India |
| D. | Transferred to Investors Education and Protection Fund |
| Answer» E. | |
| 898. |
Which of the following terms is not the terminology of the stock markets? |
| A. | Application supported by blocked accounts |
| B. | Rights issue |
| C. | Red herring prospectus |
| D. | Takeout financing |
| Answer» E. | |
| 899. |
When Indian companies raise funds overseas what is the process known as? |
| A. | Participatory notes |
| B. | Foreign currency non-resident accounts |
| C. | Foreign currency convertible bonds |
| D. | Nostro accounts |
| Answer» D. Nostro accounts | |
| 900. |
Money markets are meant for trading in which of the following? |
| A. | Short-term financial instruments |
| B. | Currency |
| C. | Shares of blue-chip companies |
| D. | Debentures |
| Answer» B. Currency | |