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.
| 901. |
Forward Markets Commission was the regulator for which of the following? |
| A. | Futures market |
| B. | Currency market |
| C. | Commodities futures market |
| D. | Bullion market |
| Answer» D. Bullion market | |
| 902. |
SEBI is the regulatory body for the stock markets. When was it formed? |
| A. | 1990 |
| B. | 1999 |
| C. | 1992 |
| D. | 1992 |
| Answer» D. 1992 | |
| 903. |
Facebook has listed its shares on which stock exchange? |
| A. | NYSE |
| B. | NASDAQ |
| C. | NSE |
| D. | BSE |
| Answer» C. NSE | |
| 904. |
Which of the following is not a term associated with the stock markets directly? |
| A. | Bear hug |
| B. | Dividend |
| C. | Insider trading |
| D. | Interest rate |
| Answer» E. | |
| 905. |
Which of the following is a depository in the country for handling shares in the demat from? |
| A. | NSDL |
| B. | RBI |
| C. | MCX |
| D. | SEBI |
| Answer» B. RBI | |
| 906. |
Which of the following is not considered as a means of foreign capital inflow into the country? |
| A. | FDI |
| B. | FCNR accounts |
| C. | FII |
| D. | No frills accounts |
| Answer» E. | |
| 907. |
RuPay payment system is a major initiative in the banking sector in India. What is its contribution? |
| A. | It is an Indian payment system for debit cards |
| B. | It is a clearinghouse for payments |
| C. | It is meant for implementation of cheque truncation services |
| D. | It scrutinizes retail loan applications |
| Answer» B. It is a clearinghouse for payments | |
| 908. |
Which body/official determines the risk coverage for calculation of premium for life insurance policies? |
| A. | Actuary of the life insurance company |
| B. | IRDAI |
| C. | The chief executive of the life insurance company |
| D. | The board of directors of the life insurance company |
| Answer» B. IRDAI | |
| 909. |
Just like banks have to maintain a stipulated capital adequacy ratio similarly non-banking finance companies NBFCs are also required to do so. What is the minimum stipulation for NBFCs with asset size of Rs.100 crore and above? |
| A. | 15 percent |
| B. | 12 percent |
| C. | 10 percent |
| D. | 8 percent |
| Answer» B. 12 percent | |
| 910. |
What is the role of a third-party administrator in a medi claim policy? |
| A. | Approves the list of hospitals whose bills are acceptable |
| B. | Scrutinizes the bills submitted by the policyholder for reimbursement |
| C. | Does audit work for the insurance companies |
| D. | Arranges for the issue of policies after verification of application form |
| Answer» C. Does audit work for the insurance companies | |
| 911. |
There is a possibility of account holders retaining the same bank account number even when banks are being changed. What is this facility known as? |
| A. | Number portability |
| B. | Deposit portability |
| C. | Bank portability |
| D. | Account number portability |
| Answer» E. | |
| 912. |
Which apex body regulates insurance companies in India? |
| A. | RBI |
| B. | IRDAI |
| C. | PERDA |
| D. | SEBI |
| Answer» C. PERDA | |
| 913. |
Which of following institutions regulate non-banking financial companies? |
| A. | RBI |
| B. | SEBI |
| C. | IRDA |
| D. | Finance Ministry |
| Answer» B. SEBI | |
| 914. |
Till what amount are deposits of public in NBFCs insured? |
| A. | Rs. 1 lakh |
| B. | Rs. 50,000/- |
| C. | Not insured |
| D. | Rs. 10,000 |
| Answer» D. Rs. 10,000 | |
| 915. |
Which of the following is a non-banking financial company? |
| A. | SBI |
| B. | ICICI Bank |
| C. | Muthoot Finance Limited |
| D. | NABARD |
| Answer» D. NABARD | |
| 916. |
What does the term ‘bancassurance’ mean? |
| A. | Assurance from the bank to its account holder regarding the safety of his money |
| B. | A special product designed by the bank |
| C. | Selling of insurance policies by banks |
| D. | The understanding between banks and insurance companies |
| Answer» D. The understanding between banks and insurance companies | |
| 917. |
NBFCs are an important part of the Indian financial system. What is the full form of this term? |
| A. | Non-Banking Financial Companies |
| B. | New Banking Financial Companies |
| C. | Neo Banking Financial Confederation |
| D. | Non-Banking Fiscal Companies |
| Answer» B. New Banking Financial Companies | |
| 918. |
Systematic Investment Plans are a customer-centric facility provided by which of the following? |
| A. | Mutual funds |
| B. | Stockbrokers |
| C. | Commercial banks |
| D. | Post office savings schemes |
| Answer» B. Stockbrokers | |
| 919. |
Which of the following schemes available in the financial markets is not meant for investment purposes? |
| A. | National savings certificates |
| B. | Infrastructure bonds |
| C. | Mutual funds |
| D. | Letter of credit |
| Answer» E. | |
| 920. |
Which discussing investments there is mention of short-term government security? What is this type of investment known as? |
| A. | Debenture |
| B. | Mutual fund |
| C. | Treasury bill |
| D. | Share |
| Answer» D. Share | |
| 921. |
The currency notes issued by RBI have a cent percent cover is- |
| A. | approved assets |
| B. | gold |
| C. | foreign exchange |
| D. | trustee securities |
| Answer» B. gold | |
| 922. |
For the performance of its duties as the regulator of credit, the Reserve Bank of India possesses the usual instruments of general credit control, viz-? |
| A. | bank rate |
| B. | open market operation |
| C. | the power to vary the reserve requirement of banks |
| D. | All of the above |
| Answer» E. | |
| 923. |
In periods of depression when the Reserve Bank desires to encourage the banking system to create more credit it- |
| A. | reduces the bank rate |
| B. | raises the bank rate |
| C. | permits the bank rate to be decided by market forces |
| D. | All of the above |
| Answer» B. raises the bank rate | |
| 924. |
Which of the following Institute was established in 1969 by the Reserve Bank of India, in consultation with the Government of India, as an autonomous apex institution for research, training, education and consultancy in bank management? |
| A. | Bankers Training College, Bombay |
| B. | College of Agricultural Banking, Pune |
| C. | NIBM |
| D. | All of the above |
| Answer» D. All of the above | |
| 925. |
The currency notes are issued by the Reserve Bank of India under the signature of- |
| A. | Executive Director |
| B. | Deputy Governor |
| C. | Governor |
| D. | Secretary |
| Answer» D. Secretary | |
| 926. |
The Indian rupee is a- |
| A. | token coin |
| B. | standard-token coin |
| C. | standard coin |
| D. | gold coin |
| Answer» C. standard coin | |
| 927. |
The note-issue system in India is based on- |
| A. | Gold Deposit system |
| B. | Minimum Reserve System |
| C. | Proportional Reserve System |
| D. | Simple Deposit System |
| Answer» C. Proportional Reserve System | |
| 928. |
One rupee notes bear the signature of- |
| A. | Governor of Reserve Bank of India |
| B. | Prime Minister of India |
| C. | President of India |
| D. | Secretary, Ministry of Finance (Government of India) |
| Answer» E. | |
| 929. |
The term ‘BSR’ refers to- |
| A. | Bank’s Selling Rate |
| B. | Basic Statistical Returns |
| C. | Annual returns submitted by banks to RBI in respect of priority sector advances |
| D. | Quarterly statement of advances to agriculture |
| Answer» C. Annual returns submitted by banks to RBI in respect of priority sector advances | |
| 930. |
The rate of interest banks charge it main/major and prime customers is popularly called as- |
| A. | Risk Premium |
| B. | Prime Lending Rate |
| C. | Repo Rate |
| D. | Reverse Repo Rate |
| Answer» C. Repo Rate | |
| 931. |
The ratio of the Cash Reserves that the banks are required to keep with the RBI is known as- |
| A. | Liquidity Ratio |
| B. | SLR |
| C. | CRR |
| D. | Net Demand and Time Liability |
| Answer» D. Net Demand and Time Liability | |
| 932. |
Reverse Repo is a tool used by RBI to- |
| A. | inject liquidity |
| B. | absorb liquidity |
| C. | increase the liquidity with the banking system |
| D. | to keep the liquidity at one level |
| Answer» C. increase the liquidity with the banking system | |
| 933. |
On which rate, RBI has recently deregulated the rates of interest to be provided by various banks to their depositors/customers with on their accounts. |
| A. | Time deposit |
| B. | Saving bank |
| C. | Loan |
| D. | Fixed deposit |
| Answer» C. Loan | |
| 934. |
Interest rates on which of the following deposit schemes is fixed or deregulated by the Reserve Bank of India? |
| A. | Fixed deposits above 5 years’ maturity |
| B. | Recurring deposits |
| C. | Savings bank |
| D. | Flexi Deposit Scheme |
| Answer» D. Flexi Deposit Scheme | |
| 935. |
Whenever RBI does some Open Market Operation transactions, actually it wishes to main regulate which of the following? |
| A. | Inflation only |
| B. | Liquidity in economy |
| C. | Borrowing powers of the banks |
| D. | Flow of foreign direct investments |
| Answer» C. Borrowing powers of the banks | |
| 936. |
Which of the following is not a measure adopted by the Government or RBI to control inflation? |
| A. | Monetary policy |
| B. | Fiscal policy |
| C. | Bank Rate |
| D. | Financial inclusion |
| Answer» E. | |
| 937. |
What does the letter ‘L’ denote in the term ‘LAF’ as referred to every now and then in relation to the monetary policy of the RBI? |
| A. | Liquidity |
| B. | Liability |
| C. | Leveraged |
| D. | Longitudinal |
| Answer» B. Liability | |
| 938. |
Which of the following is not a function of the RBI? |
| A. | Maintaining Forex |
| B. | Deciding Bank Rate, CRR, and SLR from time to time |
| C. | Opening Savings Accounts for the general public |
| D. | Prescribing the Capital Adequacy Ratio |
| Answer» D. Prescribing the Capital Adequacy Ratio | |
| 939. |
The stance of RBI monetary policy is- |
| A. | inflation control with adequate liquidity for growth |
| B. | improving the credit quality of the banks |
| C. | strengthening credit delivery mechanism |
| D. | All of the above |
| Answer» E. | |
| 940. |
RBI’s open market operation transactions are carried out with a view to regulate- |
| A. | liquidity in the economy |
| B. | prices of essential commodities conflation |
| C. | borrowing power of the banks |
| D. | All of the above |
| Answer» E. | |
| 941. |
RBI has directed banks that the exercise of verification of asset classification and income recognition should be done as part of the audit work by the branch and statutory Auditors work by the branch and statutory Auditors effective from the year ending- |
| A. | 31st March 1993 |
| B. | 31st March 1994 |
| C. | 31st March 1995 |
| D. | 31st March 1996 |
| Answer» C. 31st March 1995 | |
| 942. |
What is the Public Debt Office of Reserve Bank of India? |
| A. | is a central depository for all types of Government securities except Treasury Bills |
| B. | attends to the function of note issue the Reserve Bank of India |
| C. | is responsible for maintaining external value of the rupee |
| D. | controls balance of payment position of the Government of India |
| Answer» B. attends to the function of note issue the Reserve Bank of India | |
| 943. |
Which of the following are the main functions of the Reserve Bank of India? |
| A. | Granting licenses to commercial banks for opening branches in rural areas |
| B. | Accepting deposits from the public |
| C. | Regulating foreign exchange business |
| D. | Acting as note issuing authority, bankers’ bank and banker to the government |
| Answer» E. | |
| 944. |
Which of the following do not fall within the functions of the Reserve Bank of India? |
| A. | Regulation of currency |
| B. | Control of credit |
| C. | Accepting deposits and making loans and advances to public |
| D. | Banker to the government, banker’s bank and lender of the last resort |
| Answer» D. Banker to the government, banker’s bank and lender of the last resort | |
| 945. |
_____________ became first Indian exchange to be designated as Designated Offshore Securities Market (DOSM) by United States Securities and Exchange Commission (US-SEC). |
| A. | Cochin Stock Exchange |
| B. | Bangalore Stock Exchange |
| C. | National Stock Exchange |
| D. | Bombay Stock Exchange |
| Answer» E. | |
| 946. |
RBI has imposed a penalty of ____________ on South Indian Bank for non-compliance with its directions on Income Recognition and Asset Classification (IRAC) norms, KYC norms and treasury function. |
| A. | Rs 7 crore |
| B. | Rs 5 crore |
| C. | Rs 15 crore |
| D. | Rs 1 crore |
| Answer» C. Rs 15 crore | |
| 947. |
YES Bank and YES Global Institute have launched Agenda 25×25, which pledges to create a synergetic startup environment for budding women entrepreneurs in India. Who is MD and CEO of YES Bank? |
| A. | Aditya Puri |
| B. | Uday Kotak |
| C. | Shikha Sharma |
| D. | Rana Kapoor |
| Answer» E. | |
| 948. |
Name the China Based Bank, which launched the country's first India-dedicated publicly offered investment fund, saying the Indian market offers the best opportunity for Chinese investors due to the prospects of double-digit growth. |
| A. | Industrial and Commercial Bank of China |
| B. | Huaxia Bank |
| C. | China Construction Bank |
| D. | Agricultural Bank of China |
| Answer» B. Huaxia Bank | |
| 949. |
Which Payments Bank has launched a suite of digital products that can be accessed online and through mobile phones with the focus to build the transaction platform? |
| A. | India Post Payment Bank |
| B. | Aditya Birla Idea Payment Bank |
| C. | Fino Payments Bank |
| D. | Airtel Payment Bank |
| Answer» D. Airtel Payment Bank | |
| 950. |
Name the Bank, which is all set to roll out a capacity building project with farmers in Haryana and Rajasthan under its ‘Livelihood and Water Security’ CSR initiative. |
| A. | Dena Bank |
| B. | Yes Bank |
| C. | State Bank of India |
| D. | HDFC Bank |
| Answer» C. State Bank of India | |