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.
| 1001. |
Export-Import Bank of India is the premier export finance institution in India, established in 1982 under Export-Import Bank of India Act 1981. The Headquarters of EXIM Bank in- |
| A. | Hyderabad |
| B. | Kolkata |
| C. | Chennai |
| D. | Mumbai |
| Answer» E. | |
| 1002. |
National Housing Bank (NHB), a wholly owned subsidiary of Reserve Bank of India (RBI), was set up on 9 July 1988 under the National Housing Bank Act, 1987. Where is the Head Office of NHB? |
| A. | Lucknow |
| B. | Chennai |
| C. | New Delhi |
| D. | Mumbai |
| Answer» D. Mumbai | |
| 1003. |
Small Industries Development Bank of India is the principal development financial institution in India headquartered in- |
| A. | Lucknow |
| B. | Chennai |
| C. | New Delhi |
| D. | Mumbai |
| Answer» B. Chennai | |
| 1004. |
National Bank for Agriculture and Rural Development (NABARD) is an apex development financial institution in India. Where is the Head Office of NABARD? |
| A. | Lucknow |
| B. | Chennai |
| C. | New Delhi |
| D. | Mumbai |
| Answer» E. | |
| 1005. |
___________ is a voluntary market body for the bond, money and derivatives markets. |
| A. | RBI |
| B. | SEBI |
| C. | SEBI |
| D. | FIMMDA |
| Answer» E. | |
| 1006. |
Which of the following is mainly used by the banks in order to meet their temporary requirement of Cash on a daily basis? |
| A. | Commercial Paper |
| B. | Certificate of Deposit |
| C. | Collateralized Borrowing and Lending Obligations (CBLO) |
| D. | Call Money |
| Answer» E. | |
| 1007. |
An Asset Reconstruction Company (ARC) in India is associated with- |
| A. | UCPDC |
| B. | DICGC |
| C. | NPA |
| D. | Home Loan |
| Answer» D. Home Loan | |
| 1008. |
In Notice Money Market, the tenor of the transactions is from ________ |
| A. | 2-7 days |
| B. | 2-14 days |
| C. | 2-21 days |
| D. | 2-28 days |
| Answer» C. 2-21 days | |
| 1009. |
Which Act was framed especially to deal with Non-Performing Assets(NPA)? |
| A. | Banking Regulation Act 1949 |
| B. | Foreign Exchange Management Act(FEMA) 1999 |
| C. | Industrial Disputes Act 1947 |
| D. | SARFAESI Act, 2002 |
| Answer» E. | |
| 1010. |
The Reserve Bank of India is India's central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on- |
| A. | 01st April 1934 |
| B. | 01st April 1937 |
| C. | 01st April 1935 |
| D. | 01st April 1936 |
| Answer» D. 01st April 1936 | |
| 1011. |
Export–Import Bank of India is the premier export finance institution in India, established in ________________ under Export-Import Bank of India Act 1981. |
| A. | 1992 |
| B. | 1988 |
| C. | 1986 |
| D. | 1982 |
| Answer» E. | |
| 1012. |
Which year National Housing Bank was set up? |
| A. | 1982 |
| B. | 1988 |
| C. | 1986 |
| D. | 1990 |
| Answer» C. 1986 | |
| 1013. |
SIDBI set up on 2nd April _____________ under an Act of Indian Parliament, acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for coordination of functions of institutions engaged in similar activities. |
| A. | 1956 |
| B. | 1999 |
| C. | 1992 |
| D. | 1990 |
| Answer» E. | |
| 1014. |
In which year NABARD was established? |
| A. | 1982 |
| B. | 1976 |
| C. | 1988 |
| D. | 1956 |
| Answer» B. 1976 | |
| 1015. |
A Bank/Financial Organisation these days relies heavily on e-commerce for its transaction. As a part of system security, it has introduced the organization’s security awareness manual. This step of the organization can be classified under, which one of the following categories of measures for a business? |
| A. | Preventative |
| B. | Compliance |
| C. | Corrective |
| D. | Detective |
| Answer» B. Compliance | |
| 1016. |
A lot of Banks in India these days are offering M-Banking Facility to their customers. What is the full form of ‘M’ in “M-Banking’? |
| A. | Money |
| B. | Marginal |
| C. | Message |
| D. | Mobile |
| Answer» E. | |
| 1017. |
A ‘Debit Card’ is issued by a bank to- |
| A. | all customers of a bank |
| B. | all customers having Savings bank account with a bank |
| C. | all customers having the loan account with a bank |
| D. | a bank customer who is income tax assesses |
| Answer» C. all customers having the loan account with a bank | |
| 1018. |
CGTMSE stands for |
| A. | Central Government Fund Trust Medium and Small Enterprises |
| B. | Credit Guarantee Fund for Medium Enterprises |
| C. | Central Government Transfer Fund Multispecialty Micro Enterprises |
| D. | Credit Guarantee Fund Trust for Micro and Small Enterprises |
| Answer» E. | |
| 1019. |
FIPB stands for- |
| A. | Foreign Investment Permanent Board |
| B. | Foreign Investment Permanent Board |
| C. | Foreign Investment Promotion Board |
| D. | Financial Investment Promotion Board |
| Answer» D. Financial Investment Promotion Board | |
| 1020. |
SMERA is an SME Rating Agency in India meant for- |
| A. | rating on credit worthiness of MSME |
| B. | rating on quality management |
| C. | rating on the training system |
| D. | rating on technology usage in (the organization) |
| Answer» B. rating on quality management | |
| 1021. |
Name of premier institution that is taking care of the financial needs of importers and exporters of our country which was established in the year 1981. |
| A. | EXPO Bank |
| B. | Export-Import Bank (EXIM) |
| C. | Merchant Bank |
| D. | ECGC |
| Answer» C. Merchant Bank | |
| 1022. |
SEBI, a regulator of the securities market in India was established in the year 1988, but was empowered with statutory Powers in the form of Act in the year- |
| A. | 1990 |
| B. | 1991 |
| C. | 1992 |
| D. | 1993 |
| Answer» D. 1993 | |
| 1023. |
Who is a very senior citizen under Income Tax Rules? |
| A. | A person who is 65 years and above |
| B. | A person who is 75 years and above |
| C. | A person who is 80 years and above |
| D. | A person who is 90 years and above |
| Answer» D. A person who is 90 years and above | |
| 1024. |
Board for Financial Supervision (BFS) constituted in 1994 by RBI to undertake consolidated supervision of |
| A. | commercial banks |
| B. | financial institutions |
| C. | non-banking finance companies |
| D. | All of the above |
| Answer» E. | |
| 1025. |
What was the deposits criteria of 14 banks nationalized on 19th July 1969? |
| A. | Over Rs. 1000 crore |
| B. | Over Rs. 500 crore |
| C. | Over Rs. 100 crore |
| D. | Over Rs. 50 crore |
| Answer» E. | |
| 1026. |
Which of the following banks has acquired the ‘Centurion Bank of Punjab’? |
| A. | ICICI Bank |
| B. | IDBI Bank |
| C. | HDFC Bank |
| D. | AXIS Bank |
| Answer» D. AXIS Bank | |
| 1027. |
Generally, the minimum rate below which the banks do not lend is known as-? |
| A. | floor rate |
| B. | repo rate |
| C. | highest rate |
| D. | base rate |
| Answer» E. | |
| 1028. |
SBI Act was passed in Parliament in- |
| A. | 1935 |
| B. | 1949 |
| C. | 1955 |
| D. | 1969 |
| Answer» D. 1969 | |
| 1029. |
Who is the Non-Executive Chairman of NPCI? |
| A. | Ramachandran Sundaresan |
| B. | Sanjay Saxena |
| C. | N Rajendran |
| D. | Biswamohan Mahapatra |
| Answer» E. | |
| 1030. |
Which of the following is not a service Offered by AEPS? |
| A. | Cash Withdrawal |
| B. | Balance Enquiry |
| C. | Cannot Deposit cash |
| D. | Cash Deposit |
| Answer» D. Cash Deposit | |
| 1031. |
Bharat QR Code (BQR) is P2M Mobile payment solution. P2M stands for- |
| A. | Person to Merchant |
| B. | People to Merchant |
| C. | Product to Merchant |
| D. | Personal to Merchant |
| Answer» B. People to Merchant | |
| 1032. |
What is the meaning of "E" in AEPS? |
| A. | Enabled |
| B. | Enquiry |
| C. | Equity |
| D. | Essential |
| Answer» B. Enquiry | |
| 1033. |
BharatQR was developed by- |
| A. | SEBI |
| B. | FICCI |
| C. | NPCI |
| D. | RBI |
| Answer» D. RBI | |
| 1034. |
State Cooperative Banks/District Central Cooperative Banks (StCBs/DCCBs) are registered under the provisions of State Cooperative Societies Act of the State concerned and are regulated by- |
| A. | NABARD |
| B. | RBI |
| C. | SEBI |
| D. | Government of India |
| Answer» C. SEBI | |
| 1035. |
PACS are outside the purview of the _________________ and hence not regulated by the Reserve Bank of India. |
| A. | The Societies Registration Act, 1860 |
| B. | National Bank for Agriculture and Rural Development Act, 1981 |
| C. | Securities and Exchange Board of India Act, 1992 |
| D. | Banking Regulation Act, 1949 |
| Answer» E. | |
| 1036. |
The short-term co-operative credit structure operates with a __________ tier system. |
| A. | three |
| B. | four |
| C. | Two |
| D. | Six |
| Answer» B. four | |
| 1037. |
*99#, a USSD based mobile banking service of NPCI was initially launched in- |
| A. | November 2010 |
| B. | November 2012 |
| C. | November 2011 |
| D. | November 2013 |
| Answer» C. November 2011 | |
| 1038. |
MMID stands for- |
| A. | Mobile Money Interface |
| B. | Mobile Management Identifier |
| C. | Mobile Money Identifier |
| D. | Mutual Money Identifier |
| Answer» D. Mutual Money Identifier | |
| 1039. |
MMID is a ____________ digit unique number issued by the bank upon registration. |
| A. | 7 digits |
| B. | 8 digits |
| C. | 9 digits |
| D. | 6 digits |
| Answer» B. 8 digits | |
| 1040. |
Bharat BillPay transaction can be initiated through multiple payment channels like- |
| A. | Internet Banking |
| B. | Mobile-Banking |
| C. | All of the above |
| D. | Mobile Point of Sale terminal |
| Answer» D. Mobile Point of Sale terminal | |
| 1041. |
Bank of Rajasthan was merged with- |
| A. | HDFC Bank |
| B. | ICICI Bank |
| C. | AXIS Bank |
| D. | Citi Bank |
| Answer» C. AXIS Bank | |
| 1042. |
Which institution provides long run finance to industries? |
| A. | UTI |
| B. | LIC |
| C. | GIC |
| D. | IDBI |
| Answer» E. | |
| 1043. |
Which one of the public-sector bank has completed 100 years of its establishment in 2011? |
| A. | Central Bank of India |
| B. | State Bank of India |
| C. | Punjab National Bank |
| D. | Bank of Baroda |
| Answer» B. State Bank of India | |
| 1044. |
Which of the following key rate has not been altered by RBI since 2003? |
| A. | Bank rate |
| B. | Statutory liquidity ratio |
| C. | Cash reserve ratio |
| D. | None of the given options is true |
| Answer» E. | |
| 1045. |
‘Smart Money’ is a term used for- |
| A. | internet banking |
| B. | FDRs in banks |
| C. | credit cards |
| D. | demand drafts of banks |
| Answer» D. demand drafts of banks | |
| 1046. |
National Saving Scheme (NSS-92) has been closed by the government since- |
| A. | 1st November 1999 |
| B. | 1st November, 2000 |
| C. | 1st November, 2001 |
| D. | 1st November, 2002 |
| Answer» E. | |
| 1047. |
'Sensitive sector’ as defined by RBI include(s) |
| A. | capital market |
| B. | real estate |
| C. | commodities |
| D. | All of the above |
| Answer» E. | |
| 1048. |
Axis Bank is the changed name of- |
| A. | IDBI |
| B. | ICICI |
| C. | UTI |
| D. | UTO |
| Answer» D. UTO | |
| 1049. |
Which financial institution is initiative of the World Bank, the Government of India and representatives of Indian industry. |
| A. | IDBI Bank |
| B. | ICICI Bank |
| C. | SBI Bank |
| D. | RRB Bank |
| Answer» C. SBI Bank | |
| 1050. |
Which programme was instituted to help the farmers across timely and adequately credit? |
| A. | Kisan Credit Card Yojna |
| B. | MNREGA |
| C. | RSBY |
| D. | Aam Admi Bima Yojna |
| Answer» B. MNREGA | |