3109 + Mcqs in Bank PO Free Mock Page 20 McqOptions

951.	SEBI recently came out with a detailed framework for risk-based Know Your Customer (KYC) documentation of FPIs. What is the meaning of "F" in FPIs?
A.	Firstly
B.	Freight
C.	Foreign
D.	Financial
Answer» D. Financial

Discussion

952.	NABARD has provided an assistance of Rs 10,012 crore to ______________ during 2017-18 to facilitate overall development with special focus on agricultural credit.
A.	Uttar Pradesh
B.	Assam
C.	West Bengal
D.	Gujarat
Answer» B. Assam

Discussion

953.	Which Bank has launched IRA 2.0, its interactive humanoid at the Koramangala Branch in Bengaluru?
A.	Axis Bank
B.	Punjab National Bank
C.	State Bank of India
D.	HDFC Bank
Answer» E.

Discussion

954.	Prior approval (as also a licence) of RBI is required for opening-
A.	personal banking branches
B.	merchant banking branches
C.	asset recovery branches
D.	All of the above
Answer» E.

Discussion

955.	The names of which of the following rates/ratios cannot be seen in financial newspapers?
A.	Bank Rate
B.	Repo Rate
C.	Pulse Rate
D.	Statutory Liquidity Ratio
Answer» D. Statutory Liquidity Ratio

Discussion

956.	A customer wishes to purchase some US dollars in India. He/she should go to-
A.	Public Debt Division of the RBI only
B.	American Express Bank Only
C.	RBI or any branch of a Bank which is authorized for such business
D.	Ministry of Foreign Affairs
Answer» D. Ministry of Foreign Affairs

Discussion

957.	Which of the following would result in a fall in asset prices?
A.	Low liquidity in the economy
B.	High liquidity in the economy
C.	RBI increasing the Reserve Repo Rates
D.	RBI allowing more banks to play
Answer» B. High liquidity in the economy

Discussion

958.	As per the reports in various newspapers many private companies are trying to obtain the licences to launch a banking company in India. Which of the following organisations /agencies issue the licence for the same?
A.	Securities and Exchange Board of India (SEBI)
B.	Indian Institute of Banking and Finance (IIBF)
C.	Indian Banks’ Association
D.	None of the given options is true
Answer» E.

Discussion

959.	The bank rate is-
A.	free to fluctuate according to the forces of demand and supply
B.	set by the RBI
C.	set by the RBI is directed by the Union Ministry of Finance
D.	set by the RBI as advised by the Indian Banks Association
Answer» C. set by the RBI is directed by the Union Ministry of Finance

Discussion

960.	Who is the final authority for deciding the design, form and material of bank notes?
A.	Central Government
B.	Reserve Bank of India
C.	Indian Banks Association
D.	Note Issuing Authority of India
Answer» B. Reserve Bank of India

Discussion

961.	The interest rate at which the RBI lends to commercial banks in the short term to maintain liquidity is known as-?
A.	interest rate
B.	repo rate
C.	reverse repo rate
D.	bank rate
Answer» C. reverse repo rate

Discussion

962.	Banks without the prior approval of the RBI, cannot-
A.	one a new place of business in India or abroad
B.	shift otherwise that within the same centers (city/town/village) of the existing place of business
C.	shift their sole rural branch outside the centre/village is not permitted, as such shifting would render the centre unbanded
D.	All of the above
Answer» E.

Discussion

963.	Reserve Bank of India is the lender of the last resort to scheduled commercial banks because
A.	the parties can approach RBI when their limits are exhausted
B.	they are not able to get loans from other banks
C.	All of the above
D.	None of the given options is true
Answer» E.

Discussion

964.	As we all know, banks in India are required to maintain a portion of their demand and time liabilities with the Reserve Bank of India. This portion is called?
A.	statutory liquidity ratio
B.	cash reserve ratio
C.	bank deposit
D.	reverse repo
Answer» C. bank deposit

Discussion

965.	Which of the following Indian Banks is not a Nationalised Bank?
A.	Corporation Bank
B.	Dena Bank
C.	Federal Bank
D.	Vijaya Bank
Answer» D. Vijaya Bank

Discussion

966.	What is the animal of the insignia of the RBI?
A.	Lion
B.	Tiger
C.	Panther
D.	Elephant
Answer» C. Panther

Discussion

967.	A scheduled bank is the one which is included in the-
A.	II Schedule of Banking Regulation Act
B.	II Schedule of Constitution
C.	II Schedule of RBI Act
D.	All of the above
Answer» D. All of the above

Discussion

968.	Where is the headquarter of Reserve Bank of India?
A.	Mumbai
B.	Delhi
C.	Kolkata
D.	Ahmedabad
Answer» B. Delhi

Discussion

969.	Who will act as the banker to the Government of India?
A.	State Bank of India
B.	Reserve Bank of India
C.	NABARD
D.	Nationalised Banks
Answer» C. NABARD

Discussion

970.	How many banks were in second phase of nationalisation?
A.	4
B.	5
C.	6
D.	7
Answer» D. 7

Discussion

971.	When was the seconds phase of nationalization done?
A.	1969
B.	1968
C.	1985
D.	1980
Answer» E.

Discussion

972.	How many banks were first nationalized?
A.	10
B.	12
C.	14
D.	16
Answer» D. 16

Discussion

973.	In India, the first bank of limited liabilities managed by Indians and founded in 1881 was-
A.	Hindustan Commercial Bank
B.	Oudh Commercial Bank
C.	Punjab National Bank
D.	Punjab and Sind Bank
Answer» C. Punjab National Bank

Discussion

974.	Which of the following Public Sector Bank’s emblem figures a dog and the words ‘faithful friendly’ in it?
A.	Punjab National Bank
B.	Syndicate Bank
C.	Oriental Bank of India
D.	State Bank of India
Answer» C. Oriental Bank of India

Discussion

975.	Which one of the following banks can be included in the Scheduled Commercial Banking System of India?
A.	Regional Rural Banks
B.	Private Sector Banks
C.	Foreign Banks in India
D.	All of the above
Answer» E.

Discussion

976.	The first wholly Indian Bank was set-up in-
A.	1794
B.	1894
C.	1896
D.	1902
Answer» C. 1896

Discussion

977.	In the second nationalization of commercial banks, …………… were nationalized.
A.	4
B.	5
C.	6
D.	8
Answer» D. 8

Discussion

978.	When was Imperial Bank was changed as State Bank of India?
A.	1st January 1935
B.	26th February 1947
C.	1st July 1955
D.	1st July 1959
Answer» D. 1st July 1959

Discussion

979.	Imperial Banks were amalgamated and changed as……
A.	Reserve Bank of India
B.	State Bank of India
C.	Subsidiary Banks
D.	Union Bank of India
Answer» C. Subsidiary Banks

Discussion

980.	When was Indian Banking Act come into force?
A.	1948
B.	1949
C.	1950
D.	1951
Answer» C. 1950

Discussion

981.	When was Reserve Bank of India Nationalised?
A.	1947
B.	1948
C.	1949
D.	1950
Answer» D. 1950

Discussion

982.	When was Reserve Bank of India established?
A.	1920
B.	1925
C.	1935
D.	1948
Answer» D. 1948

Discussion

983.	When was the Oudh Commercial Bank established?
A.	1881
B.	1894
C.	1898
D.	1899
Answer» B. 1894

Discussion

984.	Which was the first bank corporated by the Indians?
A.	Imperial Bank of India
B.	State Bank of India
C.	Oadh Commercial Bank
D.	Reserve Bank of India
Answer» D. Reserve Bank of India

Discussion

985.	When was Ombuds Men Scheme first introduced?
A.	2006
B.	1981
C.	1995
D.	1998
Answer» D. 1998

Discussion

986.	Who introduced the Banking Ombudsmen Scheme?
A.	RBI
B.	SBI
C.	Ministry of Finance
D.	NABARD
Answer» B. SBI

Discussion

987.	Who will settle the grievances of customers of banks?
A.	Reserve Bank of India
B.	State Bank of India
C.	Local Courts
D.	Banking Ombudsman
Answer» E.

Discussion

988.	Which of the following is not an organized sector in India?
A.	Nationalised Bank
B.	Regional Rural Banks
C.	Cooperative Banks
D.	Chits and Money Lenders
Answer» E.

Discussion

989.	Who regulates the money circulation in India?
A.	State Bank of India
B.	Reserve Bank of India
C.	NABARD
D.	Commercial Banks
Answer» C. NABARD

Discussion

990.	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

Discussion

991.	Which of the following institutions is not directly associated with the financial sector in India?
A.	Bombay Stock Exchange
B.	BIFR
C.	SEBI
D.	Planning Commission
Answer» E.

Discussion

992.	Basel norms are important international regulatory stipulations. It is meant for which sector?
A.	Insurance
B.	Banking
C.	Micro Finance
D.	Pension funds
Answer» C. Micro Finance

Discussion

993.	Proposals for setting up of new banks are under active consideration. Which organization gives this permission?
A.	RBI
B.	Indian Banks Association
C.	Finance Ministry
D.	Cabinet Committee on Economic Affairs
Answer» B. Indian Banks Association

Discussion

994.	Which of the following rates is decided by the market conditions and not by RBI?
A.	Bank rate
B.	SLR
C.	CRR
D.	Inflation rate
Answer» E.

Discussion

995.	The Islamic Development Bank is a multilateral development financing institution located in-
A.	Muscat, Oman
B.	Jeddah, Saudi Arabia
C.	Kuwait City, Kuwait
D.	Manama, Bahrain
Answer» C. Kuwait City, Kuwait

Discussion

996.	Where is the Headquarters of EIB?
A.	Italy
B.	uk
C.	Luxembourg
D.	Germany
Answer» D. Germany

Discussion

997.	Where is the head office of IFAD?
A.	Vienna, Austria
B.	London, UK
C.	Paris, France
D.	Rome, Italy
Answer» E.

Discussion

998.	The EIB is the European Union's bank and it is the world’s largest multilateral borrower and lender. What is the meaning of "I" in EIB?
A.	Investment
B.	International
C.	Initially
D.	Installment
Answer» B. International

Discussion

999.	The IFAD is an international financial institution and a specialized agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries. IFAD stands for-
A.	International Fund for Agricultural Derivative
B.	International Fund for Association Development
C.	Indian Fund for Agricultural Development
D.	International Fund for Agricultural Development
Answer» E.

Discussion

1000.	The Reserve Bank of India is India's central banking institution, which controls the monetary policy of the Indian rupee. Where is the Head office of RBI?
A.	Pune
B.	Mumbai
C.	Chennai
D.	Kolkata
Answer» C. Chennai

Discussion

Explore topic-wise MCQs in Bank PO Exam (Generic).

SEBI recently came out with a detailed framework for risk-based Know Your Customer (KYC) documentation of FPIs. What is the meaning of "F" in FPIs?

NABARD has provided an assistance of Rs 10,012 crore to ______________ during 2017-18 to facilitate overall development with special focus on agricultural credit.

Which Bank has launched IRA 2.0, its interactive humanoid at the Koramangala Branch in Bengaluru?

Prior approval (as also a licence) of RBI is required for opening-

The names of which of the following rates/ratios cannot be seen in financial newspapers?

A customer wishes to purchase some US dollars in India. He/she should go to-

Which of the following would result in a fall in asset prices?

As per the reports in various newspapers many private companies are trying to obtain the licences to launch a banking company in India. Which of the following organisations /agencies issue the licence for the same?

The bank rate is-

Who is the final authority for deciding the design, form and material of bank notes?

The interest rate at which the RBI lends to commercial banks in the short term to maintain liquidity is known as-?

Banks without the prior approval of the RBI, cannot-

Reserve Bank of India is the lender of the last resort to scheduled commercial banks because

As we all know, banks in India are required to maintain a portion of their demand and time liabilities with the Reserve Bank of India. This portion is called?

Which of the following Indian Banks is not a Nationalised Bank?

What is the animal of the insignia of the RBI?

A scheduled bank is the one which is included in the-

Where is the headquarter of Reserve Bank of India?

Who will act as the banker to the Government of India?

How many banks were in second phase of nationalisation?

When was the seconds phase of nationalization done?

How many banks were first nationalized?

In India, the first bank of limited liabilities managed by Indians and founded in 1881 was-

Which of the following Public Sector Bank’s emblem figures a dog and the words ‘faithful friendly’ in it?

Which one of the following banks can be included in the Scheduled Commercial Banking System of India?

The first wholly Indian Bank was set-up in-

In the second nationalization of commercial banks, …………… were nationalized.

When was Imperial Bank was changed as State Bank of India?

Imperial Banks were amalgamated and changed as……

When was Indian Banking Act come into force?

When was Reserve Bank of India Nationalised?

When was Reserve Bank of India established?

When was the Oudh Commercial Bank established?

Which was the first bank corporated by the Indians?

When was Ombuds Men Scheme first introduced?

Who introduced the Banking Ombudsmen Scheme?

Who will settle the grievances of customers of banks?

Which of the following is not an organized sector in India?

Who regulates the money circulation in India?

Which discussing investments there is mention of short-term government security. What is this type of investment known as?

Which of the following institutions is not directly associated with the financial sector in India?

Basel norms are important international regulatory stipulations. It is meant for which sector?

Proposals for setting up of new banks are under active consideration. Which organization gives this permission?

Which of the following rates is decided by the market conditions and not by RBI?

The Islamic Development Bank is a multilateral development financing institution located in-

Where is the Headquarters of EIB?

Where is the head office of IFAD?

The EIB is the European Union's bank and it is the world’s largest multilateral borrower and lender. What is the meaning of "I" in EIB?

The IFAD is an international financial institution and a specialized agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries. IFAD stands for-

The Reserve Bank of India is India's central banking institution, which controls the monetary policy of the Indian rupee. Where is the Head office of RBI?