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.
| 1401. |
______ percentage of Foreign share holding will be allowed in small finance banks as per the rules for FDI in private banks in India |
| A. | 64% |
| B. | 74% |
| C. | 71% |
| D. | 50% |
| Answer» C. 71% | |
| 1402. |
An external advisory committee headed by _______ evaluated the license applications for small finance banks. |
| A. | NR Madhawan Menon |
| B. | Usha Thorat |
| C. | Nachiket Mor |
| D. | Y.H. Melagam |
| Answer» C. Nachiket Mor | |
| 1403. |
The small finance banks will be licensed under ______ of the Banking Regulation Act, 1949. |
| A. | Section 21 |
| B. | Section 22 |
| C. | Section 23 |
| D. | Section 24 |
| Answer» C. Section 23 | |
| 1404. |
Minimum paid-up capital of small finance banks is _______ |
| A. | 100 crore |
| B. | 200 crore |
| C. | 500 crore |
| D. | 1000 crore |
| Answer» B. 200 crore | |
| 1405. |
Reserve Bank of India gave provisional licences to _______ entities to launch small finance banks. |
| A. | 10 |
| B. | 11 |
| C. | 12 |
| D. | 13 |
| Answer» B. 11 | |
| 1406. |
According to RBI Regulations, which of the following are allowed to set up small finance banks? |
| A. | NBFC |
| B. | MFI |
| C. | LAB |
| D. | All of the Above |
| Answer» E. | |
| 1407. |
Which of the following service(s) is/are available in small finance banks? |
| A. | Providing loans |
| B. | Acceptance of deposits |
| C. | Setting up of Subsidiaries |
| D. | Both (A) and (B) |
| Answer» E. | |
| 1408. |
Small finance banks are a type of ______ banks in our country. |
| A. | niche |
| B. | investment |
| C. | industrial |
| D. | All of the Above |
| Answer» B. investment | |
| 1409. |
Which of the following section of Negotiable Instruments Act, 1881 deals with Cheques? |
| A. | Section 4 |
| B. | Section 5 |
| C. | Section 6 |
| D. | Section 7 |
| Answer» D. Section 7 | |
| 1410. |
The section 4 of the Negotiable Instruments Act, 1881 deals with ________ |
| A. | Cheque |
| B. | Bills of Exchange |
| C. | Promissory Note |
| D. | All of the Above |
| Answer» D. All of the Above | |
| 1411. |
Credit rating _______ |
| A. | is used to rate the borrowers while giving advances |
| B. | is used to work out performance of the employees |
| C. | is used to calculate the number of excellent audit rated branches |
| D. | is not used in any bank |
| Answer» B. is used to work out performance of the employees | |
| 1412. |
Which of the following services is NOT provided by the post offices in India ? |
| A. | Savings Bank Scheme |
| B. | Retailing of Mutual Funds |
| C. | Sale of stamp Papers (Judicial) |
| D. | Issuance of Demand Drafts |
| Answer» E. | |
| 1413. |
The Monetary Authority in India, viz Reserve Bank of India is bound to maintain a reserve against the notes issued, Whatever may be the mount. This system is called as __________ |
| A. | Minimum Reserve System |
| B. | Proportional Reserve System |
| C. | Maximum Fiduciary Issue system |
| D. | Simple deposit system |
| Answer» B. Proportional Reserve System | |
| 1414. |
Which of the following is a function of SEBI? |
| A. | to approve by−laws of stock exchanges. |
| B. | inspect the books of accounts of financial intermediaries. |
| C. | to require the stock exchange to amend their by−laws. |
| D. | All of the Above |
| Answer» E. | |
| 1415. |
Securities Appellate Tribunal is a/an __________ established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992 |
| A. | Constitutional body |
| B. | Advisory body |
| C. | non-statutory body |
| D. | Statutory body |
| Answer» E. | |
| 1416. |
Which of the following is the Regulator of the credit rating agencies in India ? |
| A. | RBI |
| B. | SEBI |
| C. | SIDBI |
| D. | GOI |
| Answer» C. SIDBI | |
| 1417. |
Which of the following policies is known as Annual Policy Statement? |
| A. | Annual budget of central government |
| B. | Credit and Monetary Policy of RBI |
| C. | Foreign trade policy of DGFT |
| D. | Regulations issued by SEBI |
| Answer» C. Foreign trade policy of DGFT | |
| 1418. |
SEBI is a/an ________ |
| A. | Constitutional body |
| B. | Advisory body |
| C. | non-statutory body |
| D. | Statutory body |
| Answer» E. | |
| 1419. |
BSBDA Small accounts are valid for a period of _________ |
| A. | 3 months |
| B. | 4 months |
| C. | 12 months |
| D. | 6 months |
| Answer» D. 6 months | |
| 1420. |
The total of debits by way of cash withdrawals and transfers will not exceed ten thousand rupees in _________ |
| A. | One month |
| B. | Two month |
| C. | Three month |
| D. | All of the Above |
| Answer» B. Two month | |
| 1421. |
Maximum balance in the BSBDA small account should not exceed ______ rupees at any time |
| A. | 50000 |
| B. | 100000 |
| C. | 200000 |
| D. | 300000 |
| Answer» B. 100000 | |
| 1422. |
What are the other deposit accounts can be opened by an individual in where one holds ‘Basic Savings Bank Deposit Account’? |
| A. | Fixed Deposit |
| B. | Recurring Deposit |
| C. | Another BSBDA |
| D. | Both A and B |
| Answer» E. | |
| 1423. |
How many Basic Savings Bank Deposit Account(BSBDA) can be opened by an individual? |
| A. | One |
| B. | Two |
| C. | Three |
| D. | Four |
| Answer» B. Two | |
| 1424. |
____is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency |
| A. | BSBDA |
| B. | CA |
| C. | LORO Account |
| D. | Mirror Account |
| Answer» D. Mirror Account | |
| 1425. |
Local currency account maintained by a local bank for a foreign (correspondent) bank is termed as _________ |
| A. | Nostro Account |
| B. | Vostro Account |
| C. | LORO Account |
| D. | Mirror Account |
| Answer» C. LORO Account | |
| 1426. |
Which of the following refers to an account that a bank holds in a foreign currency in another bank? |
| A. | Nostro Account |
| B. | Vostro Account |
| C. | LORO Account |
| D. | Mirror Account |
| Answer» B. Vostro Account | |
| 1427. |
“Hawala transactions” in India are prohibited under the provision of which of the following acts? |
| A. | Banking Regulation Act |
| B. | Financial Action Task Force Act |
| C. | Foreign Exchange Management Act |
| D. | All of the Above |
| Answer» D. All of the Above | |
| 1428. |
Currency swap is an instrument to manage _______ |
| A. | Interest Rate Risk |
| B. | Currency Risk |
| C. | Cash flows in different countries |
| D. | All of the Above3 |
| Answer» D. All of the Above3 | |
| 1429. |
RBI sold its stake in NABARD to the Government of India, which now holds _____ stake |
| A. | 65% |
| B. | 70% |
| C. | 95% |
| D. | 99% |
| Answer» E. | |
| 1430. |
NABARD was established on the recommendations of the ______________ |
| A. | Public Accounts Committee |
| B. | Shivaraman Committee |
| C. | Narasimham Committee |
| D. | All of the Above |
| Answer» C. Narasimham Committee | |
| 1431. |
Loan and Advances of a bank come under which of the following category? |
| A. | Assets |
| B. | Liabilities |
| C. | Deposits |
| D. | All of the Above |
| Answer» B. Liabilities | |
| 1432. |
Paper Money issued on the credit of a bank or government is called ______ |
| A. | Commodity Money |
| B. | Representative Money |
| C. | Fiat Money |
| D. | Fiduciary currency |
| Answer» E. | |
| 1433. |
Which of the following is a form of money that has an intrinsic value, like gold coins? |
| A. | Commodity Money |
| B. | Representative Money |
| C. | Fiat Money |
| D. | fiduciary currency |
| Answer» B. Representative Money | |
| 1434. |
Which of the following is a currency established as money by government regulation or law but it is not backed by any commodity, such as gold, silver etc., but only by the faith of the bearer? |
| A. | Commodity Money |
| B. | Representative Money |
| C. | Fiat Money |
| D. | fiduciary currency |
| Answer» D. fiduciary currency | |
| 1435. |
A market established for the buying and selling of precious metals such as Gold and Silver is termed as ________ |
| A. | Bullion Market |
| B. | Capital Market |
| C. | Money Market |
| D. | All of the Above |
| Answer» B. Capital Market | |
| 1436. |
________ are financial markets for the buying and selling of long-term debt or equity-backed securities. |
| A. | Bullion Market |
| B. | Capital Market |
| C. | Money Market |
| D. | All of the Above |
| Answer» C. Money Market | |
| 1437. |
A fund that tracks an index but can be traded like a stock is known as _______ |
| A. | Exchange Traded Funds(ETF) |
| B. | Mutual Funds |
| C. | Energy Funds |
| D. | Investment Fund |
| Answer» B. Mutual Funds | |
| 1438. |
IFC is a non-banking finance company with Capital to Risk (Weighted) Assets Ratio (CRAR) of _____ |
| A. | 15% |
| B. | 20% |
| C. | 25% |
| D. | 30% |
| Answer» B. 20% | |
| 1439. |
According to accepting public deposits, NBFCs can be classified into ____ broad categories. |
| A. | Two |
| B. | Three |
| C. | Four |
| D. | All of the Above |
| Answer» B. Three | |
| 1440. |
RNBCs cannot accept deposits for a period less than ______ months and more than ____ months |
| A. | 12, 84 |
| B. | 12, 60 |
| C. | 24, 60 |
| D. | 24, 84 |
| Answer» B. 12, 60 | |
| 1441. |
RNBC stands for _______ |
| A. | Residuary Non Banking Companies |
| B. | Reserve Non Banking Companies |
| C. | Reserve New Banking Companies |
| D. | Residuary New Banking Companies |
| Answer» B. Reserve Non Banking Companies | |
| 1442. |
Which of the following does not guarantee the repayment of deposits accepted by NBFCs? |
| A. | RBI |
| B. | GOI |
| C. | SEBI |
| D. | NABARD |
| Answer» B. GOI | |
| 1443. |
NBFCs whose asset size is of _____ or more as per last audited balance sheet are considered as systemically important NBFCs. |
| A. | Rs.100 Crore |
| B. | Rs.200 Crore |
| C. | Rs.500 Crore |
| D. | All of the Above |
| Answer» D. All of the Above | |
| 1444. |
Infrastructure Finance Company (IFC) is a non-banking finance company has a minimum Net Owned Funds of _______ |
| A. | Rs.100 Crore |
| B. | Rs.200 Crore |
| C. | Rs.500 Crore |
| D. | Rs.300 Crore |
| Answer» E. | |
| 1445. |
NBFCs include ______ |
| A. | loan company |
| B. | investment company |
| C. | asset finance company |
| D. | All of the Above |
| Answer» E. | |
| 1446. |
Which of the following is not available to depositors of NBFCs? |
| A. | Deposit Insurance facility |
| B. | Acquisition of shares |
| C. | Loans and Advances |
| D. | All of the Above |
| Answer» B. Acquisition of shares | |
| 1447. |
________ is a temporary pass through account held by a third party during the process of a transaction between two parties. |
| A. | Savings Bank Account |
| B. | Current Account |
| C. | Deposit Account |
| D. | Escrow Account |
| Answer» E. | |
| 1448. |
Which of the following can become ACCs? |
| A. | Scheduled Banks |
| B. | Insurance Majors |
| C. | Both (A) and (B) |
| D. | Both (A) and (C) |
| Answer» E. | |
| 1449. |
Authorised Collection Center(ACC) is an agent appointed by SHCIL? |
| A. | SU-UTI |
| B. | GOI |
| C. | GIC |
| D. | SHCIL |
| Answer» E. | |
| 1450. |
Maximum value of transaction for e-SBTR should be _________ |
| A. | Rs.1000 |
| B. | Rs.2000 |
| C. | Rs.3000 |
| D. | No limit |
| Answer» E. | |