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.
| 51. |
Which committee is heading the conversion of Urban Cooperative Banks into Regular Banks? |
| A. | R Gandhi |
| B. | H R Khan |
| C. | Urjit R. Patel |
| D. | S. S. Mundra |
| Answer» B. H R Khan | |
| 52. |
Reserve Bank of India (RBI) was established on the recommendations of_______ |
| A. | U.K.Patel Committee |
| B. | Hilton Young Commission |
| C. | S.Chetty Commission |
| D. | None of these |
| Answer» C. S.Chetty Commission | |
| 53. |
Where is the headquarter of Federal Bank__________ |
| A. | Pune |
| B. | Kochi |
| C. | Hyderabad |
| D. | Mumbai |
| Answer» C. Hyderabad | |
| 54. |
Who is the first Indian Governor of RBI________ |
| A. | Osborne Smith |
| B. | C.D.Deshmukh |
| C. | James Braid Taylor |
| D. | Bimal Jalan |
| Answer» C. James Braid Taylor | |
| 55. |
Which term is not associated with banking operations__________ |
| A. | Repo rate |
| B. | Prime Lending Rate |
| C. | Equator |
| D. | None of these |
| Answer» D. None of these | |
| 56. |
Maximum age for retirement for MD/CEO of all private banks is__________ |
| A. | 70 |
| B. | 65 |
| C. | 60 |
| D. | 68 |
| Answer» B. 65 | |
| 57. |
Mutual Funds are regulated by________ |
| A. | Reserve Bank of India |
| B. | Securities and Exchange Board of India |
| C. | Small industrial development bank of India |
| D. | State Bank of indi |
| Answer» C. Small industrial development bank of India | |
| 58. |
Regulatory Authority for Regional Rural Bank is of___________ |
| A. | RBI and NABARD |
| B. | NABARD |
| C. | RBI |
| D. | Central bank |
| Answer» B. NABARD | |
| 59. |
regional rural banks were established in india on the recommendation of which committees_________ |
| A. | Recommendations of Narsimham Committee |
| B. | Recommendations of Shivraman committee |
| C. | Recommendations of RG Saraiya Committee |
| D. | Recommendations of RN Mirdha committee |
| Answer» B. Recommendations of Shivraman committee | |
| 60. |
Which of the following banks is not nationalized in 1969___________ |
| A. | Central Bank of India |
| B. | Dena Bank |
| C. | Canara Bank |
| D. | Oriental Bank of Commerce |
| Answer» E. | |
| 61. |
Which one of the following rates is not decided by RBI__________ |
| A. | Bank rate |
| B. | Base rate |
| C. | Repo rate |
| D. | Prime Lending rate |
| Answer» E. | |
| 62. |
Where is the headquarter of National Housing Bank (NHB)________ |
| A. | New Delhi |
| B. | Mumbai |
| C. | Bengaluru |
| D. | Chennai |
| Answer» B. Mumbai | |
| 63. |
CTS Stands for________ |
| A. | Cheque Transaction System |
| B. | Cheque Truncation System |
| C. | Cheque Transfer System |
| D. | Cheque Transmit System |
| Answer» C. Cheque Transfer System | |
| 64. |
To block the endorsement of cheque, which type of crossing will be used_______ |
| A. | Account Payee crossing |
| B. | Generally crossing |
| C. | Specially crossing |
| D. | Non-negotiable crossing |
| Answer» B. Generally crossing | |
| 65. |
What is the full form of NABARD________ |
| A. | National Bank for Agriculture and Rural Development |
| B. | National Bank for Agriculture and Rural Department |
| C. | National Agricultural Bank and Rural Development |
| D. | National Agricultural Bank and Rural Department |
| Answer» B. National Bank for Agriculture and Rural Department | |
| 66. |
All are Direct Tax except_________ |
| A. | Income tax |
| B. | corporation tax |
| C. | property tax |
| D. | sales tax |
| Answer» E. | |
| 67. |
In General Budget 2015-16, government has reduced the Corporate Tax from 30 % to________ |
| A. | 20 % |
| B. | 25 % |
| C. | 15 % |
| D. | 10 % |
| Answer» C. 15 % | |
| 68. |
Advantages of The GST_________ |
| A. | Simple uniform tax structure |
| B. | It can increase tax revenue for government |
| C. | It can boost export |
| D. | All of the above |
| Answer» E. | |
| 69. |
What is inflation________ |
| A. | increase in value of currency |
| B. | decrease in value of currency |
| C. | increase in value of commodities |
| D. | decrease in value of commodities |
| Answer» D. decrease in value of commodities | |
| 70. |
LIBOR stands for London Interbank Offer Rate. What does MIBOR stands for________ |
| A. | Mumbai Interbank Offer Rate |
| B. | Manchester Interbank Offer Rate |
| C. | Mexico Interbank Offer Rate |
| D. | None of these |
| Answer» B. Manchester Interbank Offer Rate | |
| 71. |
Rate of interest is determined by: |
| A. | The rate of return on the capital invested |
| B. | Central Government |
| C. | Liquidity preferences |
| D. | Commercial Banks |
| Answer» E. | |
| 72. |
Which from the following is NOT true when the interest rate in the economy goes up? |
| A. | Saving increases |
| B. | Lending decreases |
| C. | Cost of production increases |
| D. | Return on capital increases |
| Answer» E. | |
| 73. |
Insurance service provided by various banks is commonly known as ______ |
| A. | Investment banking |
| B. | Portfolio management |
| C. | Merchant banking |
| D. | Bancassurance |
| Answer» E. | |
| 74. |
Which of the following is NOT a banking related term? |
| A. | Radiation |
| B. | Outstanding Amount |
| C. | Explicit Guarantee |
| D. | Benchmark Prime Lending Rate |
| Answer» B. Outstanding Amount | |
| 75. |
What is the full form of ‘ULIP’, the term which was in the news recently? |
| A. | Universal Life & Investment Plan |
| B. | Unit Loan & Investment Plan |
| C. | Unit Linked Insurance Plan |
| D. | Uniformly Loaded Investment Plan |
| Answer» D. Uniformly Loaded Investment Plan | |
| 76. |
Sugam’ is a scheme launched for |
| A. | Small tax payers |
| B. | Pensioners getting old age pension |
| C. | Big corporate houses |
| D. | Getting all sorts of permission |
| Answer» B. Pensioners getting old age pension | |
| 77. |
Which of the following schemes has been launched for the school-going children? |
| A. | Lok Jumbish |
| B. | Mid-Day Meal |
| C. | AYUSH |
| D. | SarvaShikshaAbhiyan |
| Answer» C. AYUSH | |
| 78. |
Which of the following schemes has been launched for providing health services in rural areas? |
| A. | Operation Flood |
| B. | Look East |
| C. | SJSRY |
| D. | ASHA |
| Answer» E. | |
| 79. |
In Banking terminology, NPA means |
| A. | Non-Promise Account |
| B. | Non-Personal Account |
| C. | Non-Performing Asset |
| D. | Net-performing Asset |
| Answer» D. Net-performing Asset | |
| 80. |
Government of India, for the first time nationalized 14 large commercial banks in the year___ |
| A. | 1956 |
| B. | 1969 |
| C. | 1959 |
| D. | 1972 |
| Answer» C. 1959 | |
| 81. |
Which bank became the first bank to open its branch in china ? |
| A. | IDBI bank |
| B. | SBI |
| C. | HDFC |
| D. | PNB |
| Answer» C. HDFC | |
| 82. |
The term plastic money applies to____ |
| A. | Bank draft made of plastic coated paper |
| B. | Currency notes impregnated with plastic thread |
| C. | Currency notes printed on plastic coated paper |
| D. | Credit cards mainly issued by the banks |
| Answer» E. | |
| 83. |
The EXIM bank of India was established in ____ |
| A. | 1964 |
| B. | 1970 |
| C. | 1982 |
| D. | 1984 |
| Answer» D. 1984 | |
| 84. |
Which among the following sectors contributes most to the saving in India? |
| A. | Banking and financial sector |
| B. | Private corporate sector |
| C. | Export sector |
| D. | Household sector |
| Answer» E. | |
| 85. |
Which one of the following statements is correct regarding increase in the CRR in India? |
| A. | It increases credit creation |
| B. | It reduces credit creation |
| C. | It does not affect credit |
| D. | It denoted liberal monetary policy |
| Answer» C. It does not affect credit | |
| 86. |
PAN card issued by the income tax department cannot be used for which of the following purpose? |
| A. | Proof of identity |
| B. | Proof of a registered tax payer |
| C. | Proof of address |
| D. | Proof of date of birth |
| Answer» C. Proof of address | |
| 87. |
The largest public sector commercial bank of India is the ____ |
| A. | SBI |
| B. | RBI |
| C. | Bank of india |
| D. | Union bank of india |
| Answer» B. RBI | |
| 88. |
Central Co-operative banks work at: |
| A. | District level |
| B. | National level |
| C. | Block level |
| D. | State level |
| Answer» B. National level | |
| 89. |
The functions of the lead bank are performed by: |
| A. | SBI |
| B. | RBI |
| C. | Any bank |
| D. | A bank designed for this purpose |
| Answer» E. | |
| 90. |
Open market operations, one of the measures taken by RBI in order to control credit expansion in the economy means : |
| A. | Sale or purchase of government securities |
| B. | Issuance of different types of bonds |
| C. | Auction of gold |
| D. | All of these |
| Answer» B. Issuance of different types of bonds | |
| 91. |
The bank rate means: |
| A. | Rate of interest charged by commercial banks from borrowers |
| B. | Rate of interest which commercial banks discounted bills of their borrowers |
| C. | Rate of interest allowed by commercial banks on their deposits |
| D. | Rate at which RBI purchases or rediscounts bill of exchange of commercial banks |
| Answer» E. | |
| 92. |
Reverse Repo Rate means: |
| A. | Injecting liquidity by the central bank of a country through purchase of government securities |
| B. | Absorption of liquidity from the market by sale of government securities |
| C. | Balancing liquidity with a view to enhance economic growth rate |
| D. | Any of above |
| Answer» C. Balancing liquidity with a view to enhance economic growth rate | |
| 93. |
When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as: |
| A. | Participation |
| B. | Consortium |
| C. | Syndication |
| D. | Multiple Banking |
| Answer» C. Syndication | |
| 94. |
The foreign exchange reserves of India are kept in the custody of: |
| A. | World bank |
| B. | RBI |
| C. | SBI |
| D. | Prime minister |
| Answer» C. SBI | |
| 95. |
Which of the following is the name of the bank founded by the winner of the Nobel Peace Prize 2006 Mr. Muhammad Yunus |
| A. | Bank for the poor |
| B. | Swadeshi bank |
| C. | Rashtriya bank |
| D. | Grameen bank |
| Answer» E. | |
| 96. |
Which of the following terms is not used in the field of banking and finance? |
| A. | Overdraft |
| B. | Baseline |
| C. | RTGS |
| D. | GBC |
| Answer» E. | |
| 97. |
Which of the following organization is not associated with the financial banking sector in India ? |
| A. | NABARD |
| B. | BSE |
| C. | ISRO |
| D. | SEBI |
| Answer» D. SEBI | |
| 98. |
Bad loans in banking terminology are generally known as: |
| A. | Prime loans |
| B. | Prime assets |
| C. | BPOs |
| D. | NPAs |
| Answer» E. | |
| 99. |
Which of the following is NOT banking related terms? |
| A. | SME Finance |
| B. | Overfrafts |
| C. | Drawing Power |
| D. | Equinox |
| Answer» E. | |
| 100. |
_____ bank launches ‘Kotak Bharat’ mobile banking app for ‘un-banked’ regions |
| A. | Kotak |
| B. | SBI |
| C. | RBI |
| D. | Axix Bank |
| Answer» B. SBI | |