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.
| 1201. |
The Internal Ombudsman (IO) scheme 2018 gives statutory powers to Internal Ombudsman has introduced recently under which law? |
| A. | Mortgage of Immovable Properties or Assets |
| B. | Lokpal and Lokayukta Act |
| C. | Banking Regulation Act |
| D. | Reserve Bank of India Act |
| Answer» D. Reserve Bank of India Act | |
| 1202. |
Which bank launched its first Trade Finance Scorecard to address market and boost trade finance? |
| A. | Inter-American Development Bank |
| B. | Soft Bank |
| C. | Asian Development Bank |
| D. | International Finance Corporation |
| Answer» D. International Finance Corporation | |
| 1203. |
Reserve Bank of India (RBI) bought __________ tonne of gold in financial year 2017-18, which is the first purchase in almost nine years? |
| A. | 6.15 tonne |
| B. | 7.83 tonne |
| C. | 8.46 tonne |
| D. | 10.25 tonne |
| Answer» D. 10.25 tonne | |
| 1204. |
This bank appoints Amitabh Chaudhry as its managing director & CEO from January 1, 2019, for a period of three years |
| A. | HDFC Bank |
| B. | ICICI Bank |
| C. | Yes Bank |
| D. | Axis Bank |
| Answer» E. | |
| 1205. |
RBI tweaks norms for note change thereby making amendments to the __________ |
| A. | Reserve Bank of India (Note Refund) Rules, 2009 |
| B. | Negotiable Instruments Act, 1881 |
| C. | Payment and Settlement Systems Act, 2007 |
| D. | Banking Regulation Act, 1949 |
| Answer» B. Negotiable Instruments Act, 1881 | |
| 1206. |
FATF stands for ________ |
| A. | Financial Action Task Force |
| B. | Financial Asset Task Force |
| C. | Financial Asset Trade Force |
| D. | Financial Action Trade Force |
| Answer» B. Financial Asset Task Force | |
| 1207. |
What is the Full Form of RDA? |
| A. | Rupee Draft Arrangement |
| B. | Rupee Demand Arrangement |
| C. | Rupee Draw Arrangement |
| D. | Rupee Drawing Arrangement |
| Answer» E. | |
| 1208. |
Which of the following does not have savings account? |
| A. | NRE Account |
| B. | NRO Account |
| C. | FCNR(B) Account |
| D. | Both (A) and(C) |
| Answer» D. Both (A) and(C) | |
| 1209. |
Which of the following account can be repatriable? |
| A. | NRE Account |
| B. | NRO Account |
| C. | FCNR(B) Account |
| D. | Both (A) and(C) |
| Answer» E. | |
| 1210. |
Under Liberalised Remittance Scheme, PAN card need not be insisted upon for remittance made towards permissible current account transactions up to __________ |
| A. | USD 25,000 |
| B. | USD 20,000 |
| C. | USD 15,000 |
| D. | USD 10,000 |
| Answer» B. USD 20,000 | |
| 1211. |
What is the maximum amount that can be raised through issuance of Rupee denominated bonds under automatic route? |
| A. | INR 50 billion |
| B. | INR 60 billion |
| C. | INR 55 billion |
| D. | INR 65 billion |
| Answer» B. INR 60 billion | |
| 1212. |
Which of the following can issue Rupee denominated bonds? |
| A. | Real Estate Investment Trusts (REITs) |
| B. | Infrastructure Investment Trusts (InvITs) |
| C. | Limited Liability Partnerships |
| D. | Both (A) and (B) |
| Answer» E. | |
| 1213. |
What is the minimum maturity period for Rupee Denominated Bonds? |
| A. | 2 years |
| B. | 3 years |
| C. | 4 years |
| D. | 5 years |
| Answer» C. 4 years | |
| 1214. |
Which of the following percentage of foreign exchange earnings can be credited to the EEFC account? |
| A. | 80% |
| B. | 90% |
| C. | 75% |
| D. | 100% |
| Answer» E. | |
| 1215. |
Who is/are eligible to open an EEFC Account? |
| A. | Individuals |
| B. | Companies |
| C. | Residents of India |
| D. | All of the Above |
| Answer» E. | |
| 1216. |
An EEFC account can be held only in the form of ________ |
| A. | Savings Bank Account |
| B. | Deposit Account |
| C. | Current Account |
| D. | Both (B) and (C) |
| Answer» D. Both (B) and (C) | |
| 1217. |
_________ is an account maintained in foreign currency with an Authorised Dealer Bank. |
| A. | Exchange Earners’Foreign Currency Account |
| B. | Exchange Eligible Foreign Currency Account |
| C. | Earners’ Eligible Foreign Currency Account |
| D. | Earners’ Exchange Foreign Currency Account |
| Answer» B. Exchange Eligible Foreign Currency Account | |
| 1218. |
In SNRR Account, SNRR stands for _________ |
| A. | Statutory Non Resident Rupee |
| B. | Single Non Resident Rupee |
| C. | Statutory Non Reflex Rupee |
| D. | Special Non Resident Rupee |
| Answer» E. | |
| 1219. |
Which are defined as total assets other than cash and bank balances and money market instruments? |
| A. | Net Assets |
| B. | Qualifying Assets |
| C. | Commercial Papers |
| D. | Both(A) and (C) |
| Answer» B. Qualifying Assets | |
| 1220. |
The Minimum Net Owned Fund for NBFC-MFIs registered in the North Eastern Region of the country is _________ |
| A. | Rs.5 crore |
| B. | Rs.4 crore |
| C. | Rs.3 crore |
| D. | Rs.2 crore |
| Answer» E. | |
| 1221. |
An NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of ________ |
| A. | Rs.5 crore |
| B. | Rs.4 crore |
| C. | Rs.3 crore |
| D. | Rs.2 crore |
| Answer» B. Rs.4 crore | |
| 1222. |
The “Stand Up India” is aimed at promoting entrepreneurship among women and scheduled castes and tribes. The bank loans under the scheme shall be referenced to _______ |
| A. | SIDBI |
| B. | NABARD |
| C. | RBI |
| D. | MUDRA |
| Answer» B. NABARD | |
| 1223. |
According to Reserve Bank of India Regulations, “Universal Banks” are permitted to pick up stake in Payment Banks up to _________ |
| A. | 35% |
| B. | 25% |
| C. | 20% |
| D. | 30% |
| Answer» E. | |
| 1224. |
A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as _________ |
| A. | Off-shore Banking |
| B. | Investment Banking System |
| C. | Shadow Banking System |
| D. | Conventional Banking |
| Answer» D. Conventional Banking | |
| 1225. |
According to RBI guidelines the term ‘bulk deposit’ is used for single rupee term deposit of ________ |
| A. | Rs. 1 crore and above |
| B. | Rs, 25 lakh and above |
| C. | Rs, 75 lakh and above |
| D. | Rs, 50 lakh and above |
| Answer» B. Rs, 25 lakh and above | |
| 1226. |
The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after receiving it from banks and other financial intermediaries is ________ |
| A. | RBI |
| B. | Financial Intelligence Unit(FIU) |
| C. | Intelligence Bureau(IB) |
| D. | Central Bureau of Investigation(CBI) |
| Answer» C. Intelligence Bureau(IB) | |
| 1227. |
The IMGC is the sole provider of mortgage guarantor for housing finance in India. The alphabet “I” in the abbreviation IMGC stands for________ |
| A. | India |
| B. | Institute |
| C. | Internal |
| D. | International |
| Answer» B. Institute | |
| 1228. |
Which of the following agencies in India is responsible for computation of national income? |
| A. | NCAER |
| B. | CSO |
| C. | NSS |
| D. | RBI |
| Answer» C. NSS | |
| 1229. |
Trade Gap means |
| A. | Gap between total GDP and total consumption |
| B. | Gap between total imports and total exports |
| C. | Gap between available liquidity and expected demand in next five months |
| D. | Gap between budgeted revenue collection and actual collection of the same |
| Answer» C. Gap between available liquidity and expected demand in next five months | |
| 1230. |
Head quarters of National Council of Applied Economic Research(NCAER) is located in ______ |
| A. | Mumbai |
| B. | New Delhi |
| C. | Hyderabad |
| D. | Chennai |
| Answer» C. Hyderabad | |
| 1231. |
Sub-prime lending refers to ________ |
| A. | lending done by banks at rates below PLR |
| B. | Funds raised by the banks at sub-libor rates |
| C. | Group of banks which are not rated as prime banks as per Banker’s Almanac |
| D. | lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards |
| Answer» E. | |
| 1232. |
In the Capital market, the term arbitrage is used with reference to ______ |
| A. | Purchase of securities to cover the sale |
| B. | Sale of securities to reduce the loss on purchase |
| C. | Simultaneous purchase and sale of securities to make profits from price |
| D. | Variation in different markets |
| Answer» D. Variation in different markets | |
| 1233. |
When an agent asks a customer to invest in a Mutual Fund product without telling him/her about the risks involved in the investment, the process is termed as ____ |
| A. | Mis-selling |
| B. | Undertaking |
| C. | Misappropriation of Funds |
| D. | cross selling |
| Answer» B. Undertaking | |
| 1234. |
When a corporate entity wishes to raise money from the market it can do that by issuing |
| A. | Treasury Bills |
| B. | Kisan Vikas Patra |
| C. | National Savings Certificate |
| D. | Commercial Papers |
| Answer» E. | |
| 1235. |
What is/are the characteristics of ‘Hot Money’? |
| A. | The term is used for fresh currency notes issued by RBI |
| B. | It is the fund which inflows in the market to take advantage of high interest rates |
| C. | It is the fund which is thrown in the market to create imbalance in the stock markets |
| D. | All of the Above |
| Answer» C. It is the fund which is thrown in the market to create imbalance in the stock markets | |
| 1236. |
Which of the following is/are correct about the “Operational Risk” as used in the field of banking? |
| A. | Risk of loss due to inadequate or failed internal process |
| B. | Risk of loss due to natural calamities |
| C. | Loss occurred due to non-compliance of legal procedures |
| D. | All of the Above |
| Answer» B. Risk of loss due to natural calamities | |
| 1237. |
A charge where there is neither the transfer of ownership nor the possession is called _______ |
| A. | Pledge |
| B. | Hypothecation |
| C. | Mortgage |
| D. | Lien |
| Answer» C. Mortgage | |
| 1238. |
__________ is the process by which the ownership of the credit instrument is transferred from one person to another. |
| A. | Assignment |
| B. | Endorsement |
| C. | Negotiation |
| D. | All of the Above |
| Answer» D. All of the Above | |
| 1239. |
A negotiable instrument delivered to a person conditionally or for safe custody, but not for the purpose of negotiation is called _________ |
| A. | Protest |
| B. | Escrow |
| C. | Noting |
| D. | All of the Above |
| Answer» C. Noting | |
| 1240. |
_______ refers to the system in which two are more banks are brought under common control by a device other than the holding company? |
| A. | Chain Banking |
| B. | Group Banking |
| C. | Mixed Banking |
| D. | Branch Banking |
| Answer» B. Group Banking | |
| 1241. |
Co-operative banks are regulated by the Reserve Bank of India under _________ |
| A. | Banking Regulation Act, 1949 |
| B. | Banking Laws (Application to Co-operative Societies) Act, 1965 |
| C. | Both (A) and (B) |
| D. | Negotiable Instrument Act–1881 |
| Answer» D. Negotiable Instrument Act–1881 | |
| 1242. |
The paid up capital and collected funds of scheduled bank must not be less than _________ |
| A. | Rs. 10 lakh |
| B. | Rs. 20 lakh |
| C. | Rs. 5 lakh |
| D. | Rs. 15 lakh |
| Answer» D. Rs. 15 lakh | |
| 1243. |
The paid-up capital of non-scheduled bank is less than _____ |
| A. | Rs. 10 lakh |
| B. | Rs. 20 lakh |
| C. | Rs. 15 lakh |
| D. | Rs. 5 lakh |
| Answer» E. | |
| 1244. |
SEPA Stands for ______ |
| A. | Scottish Environment Protection Agency |
| B. | Single Euro Payments Area |
| C. | Scottish Environment Protection Area |
| D. | Single Euro Payments Agency |
| Answer» C. Scottish Environment Protection Area | |
| 1245. |
Which of the following is the most active segment of the money market in India? |
| A. | Commercial Paper(CP) |
| B. | Certificate of Deposit(CD) |
| C. | Call Money |
| D. | All of the above |
| Answer» D. All of the above | |
| 1246. |
What is the minimum limit in reinvestment deposits? |
| A. | 100 |
| B. | 500 |
| C. | 1000 |
| D. | 5000 |
| Answer» D. 5000 | |
| 1247. |
Minimum period of reinvestment deposits is _______ |
| A. | 2 months |
| B. | 3 months |
| C. | 6 months |
| D. | 9 months |
| Answer» D. 9 months | |
| 1248. |
On a Cheque instead of two parallel lines only bank’s name is written is known as _________ |
| A. | Payable to bearer |
| B. | General Crossing |
| C. | Special Crossing |
| D. | Both (B) and (C) |
| Answer» D. Both (B) and (C) | |
| 1249. |
Spurious coins detected at the counter are sent to _____ |
| A. | RBI |
| B. | GOI |
| C. | IBRD |
| D. | Mint |
| Answer» E. | |
| 1250. |
A Shareholder has been defined by ________ |
| A. | Banking Regulation Act, 1949 |
| B. | Reserve Bank of India Act, 1934 |
| C. | Negotiable Instruments Act, 1881 |
| D. | The companies act, 1956 |
| Answer» E. | |