3109 + Mcqs in Bank PO Free Mock Page 37 McqOptions

1801.	______ is a banking system in which banks provide a wide variety of financial services, including commercial and investment services.
A.	Retail Banking
B.	Universal Banking
C.	Consumer Banking
D.	Merchant Banking
Answer» C. Consumer Banking

Discussion

1802.	Effective _________, there will be no limits on cash withdrawals from Savings Bank accounts.
A.	March 13, 2017
B.	March 12, 2017
C.	March 11, 2017
D.	March 10, 2017
Answer» B. March 12, 2017

Discussion

1803.	The SBN facility is not available to _______
A.	NRIs
B.	Persons of Indian Origin (PIO)
C.	Overseas Citizens of India (OCI)
D.	Both (B) and (C)
Answer» E.

Discussion

1804.	Residents/NRIs can exchange SBNs at _______ Reserve Bank offices.
A.	Three
B.	Five
C.	Four
D.	Six
Answer» C. Four

Discussion

1805.	The SBN facility will remain open for NRIs from January 2, 2017 to ________
A.	March 31, 2017
B.	May 31, 2017
C.	April 30, 2017
D.	June 30, 2017
Answer» E.

Discussion

1806.	The SBN facility will remain open for residents from January 2, 2017 to ________
A.	March 31, 2017
B.	May 31, 2017
C.	April 30, 2017
D.	June 30, 2017
Answer» B. May 31, 2017

Discussion

1807.	SBN facility will not be available for Indian citizens resident in _______
A.	Nepal
B.	Bhutan
C.	Pakistan
D.	All of these
Answer» E.

Discussion

1808.	If any person shall knowingly or voluntarily hold, transfer or receive any specified banknotes then shall be punishable with fine which may extend up to ______
A.	Rs.10,000
B.	Rs.20,000
C.	Five times the face value of SBN
D.	(A) or (C)
Answer» E.

Discussion

1809.	After the expiry of grace period to change SBN notes, holding of not more than ______ notes in total, irrespective of denomination or not more than _______ notes for the purpose of study/ research/ numismatics is permitted.
A.	10, 25
B.	15, 50
C.	20, 25
D.	11, 20
Answer» B. 15, 50

Discussion

1810.	_________ has been promulgated by the President of India to provide for cessation of liabilities on the Specified Banknotes and for connected/incidental matters and comes into effect from December 31, 2016.
A.	RBI Act 1934
B.	Specified Bank Notes (Cessation of Liabilities) Ordinance 2016
C.	Negotiable Instruments Act, 1881
D.	All of these
Answer» C. Negotiable Instruments Act, 1881

Discussion

1811.	The legal tender character of the bank notes in denominations of Rs. 500 and Rs.1000 issued by the Reserve Bank of India till November 8, 2016 stands withdrawn is known as ______
A.	MMID
B.	ISBN
C.	SBN
D.	All of these
Answer» D. All of these

Discussion

1812.	How many banking ombudsman offices are there in New Delhi?
A.	Three
B.	Two
C.	Four
D.	Five
Answer» C. Four

Discussion

1813.	The current Banking Ombudsman Scheme became operative from ________
A.	1 January 2006
B.	1 January 2007
C.	1 January 2005
D.	1 January 2004
Answer» B. 1 January 2007

Discussion

1814.	The first Banking Ombudsman Scheme was revised in ________
A.	1999
B.	2000
C.	2002
D.	2001
Answer» D. 2001

Discussion

1815.	The Banking Ombudsman Scheme was first introduced in India in ________
A.	1992
B.	1993
C.	1990
D.	1995
Answer» E.

Discussion

1816.	What is the cost involved in filing complaints with Banking Ombudsman?
A.	Rs. 10
B.	Rs. 50
C.	Rs. 150
D.	No Fee
Answer» E.

Discussion

1817.	The Banking Ombudsman can reject a complaint If compensation sought from the Ombudsman is beyond ________
A.	Rs 1 lakh
B.	Rs 2 lakh
C.	Rs 4 lakh
D.	Rs 10 lakh
Answer» E.

Discussion

1818.	The Banking Ombudsman may award compensation not exceeding ________ to the complainant only in the case of complaints relating to credit card operations for mental agony and harassment.
A.	Rs 1 lakh
B.	Rs 2 lakh
C.	Rs 3 lakh
D.	Rs 4 lakh
Answer» B. Rs 2 lakh

Discussion

1819.	Which of the following banks covered under the Banking Ombudsman Scheme, 2006?
A.	Scheduled Commercial Banks
B.	Regional Rural Banks
C.	Scheduled Primary Co-operative Banks
D.	All of these
Answer» E.

Discussion

1820.	What is the total number of banking ombudsman offices in India?
A.	15
B.	16
C.	14
D.	18
Answer» E.

Discussion

1821.	Banking Ombudsman Scheme is introduced under _______ of the Banking Regulation Act, 1949 by RBI with effect from 1995.
A.	Section 35 A
B.	Section 45 A
C.	Section 25 A
D.	Section 15 A
Answer» B. Section 45 A

Discussion

1822.	DICGC can not insure any amount due on account of any deposit received _______
A.	Outside India
B.	Outside Asia
C.	Inside India
D.	Inside Asia
Answer» B. Outside Asia

Discussion

1823.	DICGC can not insure any amount, which has been specifically exempted by the corporation with the previous approval of ________
A.	SEBI
B.	NABARD
C.	RBI
D.	All of these
Answer» D. All of these

Discussion

1824.	Which of the following account can not be insured by DICGC?
A.	Deposits of foreign Governments
B.	Inter-bank deposits
C.	Deposits of foreign Governments
D.	All of these
Answer» E.

Discussion

1825.	Which of the following account can be insured by DICGC?
A.	Fixed Deposit
B.	Current Account
C.	Recurring Deposit
D.	All of these
Answer» E.

Discussion

1826.	If you have deposits with more than _______ bank, deposit insurance coverage limit is applied separately to the deposits in each bank
A.	One
B.	Two
C.	Three
D.	Four
Answer» B. Two

Discussion

1827.	Which of the following insured bank can withdraw from the DICGC coverage?
A.	Commercial Banks
B.	Foreign Banks
C.	Local Area Banks
D.	No one
Answer» E.

Discussion

1828.	Deposit insurance premium is borne entirely by the _______
A.	Insurance Company
B.	ECGC
C.	Insured Bank
D.	All of these
Answer» D. All of these

Discussion

1829.	The DICGC insures principal and interest up to a maximum amount of ______
A.	Rs. 10 lakh
B.	Rs. 5 lakh
C.	Rs. 2 lakh
D.	Rs. 1 lakh
Answer» E.

Discussion

1830.	Which of the following bank is insured by the DICGC?
A.	Commercial Banks
B.	Foreign Banks
C.	Local Area Banks
D.	All of these
Answer» E.

Discussion

1831.	NBFCs which deploys at least 75 per cent of its total assets in infrastructure loans is known as _______
A.	Loan Company
B.	Investment Company
C.	Infrastructure Finance Company (IFC)
D.	Systemically Important Core Investment Company (CIC-ND-SI)
Answer» D. Systemically Important Core Investment Company (CIC-ND-SI)

Discussion

1832.	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.	Rs. 50 crore
Answer» D. Rs. 50 crore

Discussion

1833.	NBFCs should have a minimum net owned fund of _____
A.	Rs. 100 lakh
B.	Rs. 200 lakh
C.	Rs. 300 lakh
D.	Rs. 400 lakh
Answer» C. Rs. 300 lakh

Discussion

1834.	NBFC should be a company registered under ______ of the companies Act, 1956.
A.	Section 5
B.	Section 4
C.	Section 3
D.	Section 2
Answer» D. Section 2

Discussion

1835.	Which of the following do not form part of the payment and settlement system?
A.	NBFC
B.	Local Area Banks
C.	Regional Rural Banks
D.	Foreign Banks
Answer» B. Local Area Banks

Discussion

1836.	Which of the following can not accept Demand Deposit?
A.	Commercial Banks
B.	Foreign Banks
C.	Local Area Banks
D.	NBFC
Answer» E.

Discussion

1837.	Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation(DICGC) is not available to depositors of ________
A.	Commercial Banks
B.	Foreign Banks
C.	Local Area Banks
D.	NBFC
Answer» E.

Discussion

1838.	Non-Banking Financial Company (NBFC) does not include ______
A.	agriculture activity
B.	industrial activity
C.	construction of immovable property
D.	All of these
Answer» E.

Discussion

1839.	Non-Banking Financial Company (NBFC) engaged in the business of ________
A.	loans and advances
B.	acquisition of shares
C.	acquisition of stocks
D.	All of these
Answer» E.

Discussion

1840.	A Non-Banking Financial Company (NBFC) is a company registered under _________
A.	RBI Act 1932
B.	Companies Act, 1956
C.	Banking Regulation Act, 1949
D.	All of these
Answer» C. Banking Regulation Act, 1949

Discussion

1841.	Exchange Earners Foreign Currency (EEFC) Account provides ________
A.	Current Account
B.	SB Account
C.	Term Deposits
D.	All of these
Answer» B. SB Account

Discussion

1842.	________ is an agreement to exchange one currency with another, at a specific rate of exchange.
A.	CSA
B.	CDS
C.	ISDA
D.	Currency Swap
Answer» E.

Discussion

1843.	Which is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a loan default (by the debtor) or other credit event.?
A.	CSA
B.	CDS
C.	ISDA
D.	GMRA
Answer» C. ISDA

Discussion

1844.	CSA stands for ______
A.	Credit Support Agreement
B.	Core Support Annex
C.	Credit Support Annex
D.	Core Support Agreement
Answer» D. Core Support Agreement

Discussion

1845.	GMRA stands for _____
A.	Global Master Revenue Agreement
B.	Global Minted Repurchase Agreement
C.	Global Minted Revenue Agreement
D.	Global Master Repurchase Agreement
Answer» E.

Discussion

1846.	How many members are there in ISDC?
A.	720
B.	820
C.	620
D.	520
Answer» C. 620

Discussion

1847.	ISDA stands for _____
A.	Integrated Swaps and Distribution Association
B.	Integrated Swaps and Derivatives Association
C.	Internal Swaps and Distribution Association
D.	International Swaps and Derivatives Association
Answer» E.

Discussion

1848.	The headquarters of ISDA is _______
A.	Rome
B.	Geneva
C.	New York
D.	Washington D.C
Answer» D. Washington D.C

Discussion

1849.	Which of the following is a legal document which regulates credit support (collateral) for derivative transactions?
A.	CSA Agreement
B.	ISDA Agreement
C.	GMRA Agreement
D.	Commission Sharing Agreement
Answer» B. ISDA Agreement

Discussion

1850.	Which of the following is the standard document that is commonly used to govern over-the-counter derivatives transactions?
A.	CSA Agreement
B.	ISDA Agreement
C.	GMRA Agreement
D.	All of these
Answer» C. GMRA Agreement

Discussion

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

______ is a banking system in which banks provide a wide variety of financial services, including commercial and investment services.

Effective _________, there will be no limits on cash withdrawals from Savings Bank accounts.

The SBN facility is not available to _______

Residents/NRIs can exchange SBNs at _______ Reserve Bank offices.

The SBN facility will remain open for NRIs from January 2, 2017 to ________

The SBN facility will remain open for residents from January 2, 2017 to ________

SBN facility will not be available for Indian citizens resident in _______

If any person shall knowingly or voluntarily hold, transfer or receive any specified banknotes then shall be punishable with fine which may extend up to ______

After the expiry of grace period to change SBN notes, holding of not more than ______ notes in total, irrespective of denomination or not more than _______ notes for the purpose of study/ research/ numismatics is permitted.

_________ has been promulgated by the President of India to provide for cessation of liabilities on the Specified Banknotes and for connected/incidental matters and comes into effect from December 31, 2016.

The legal tender character of the bank notes in denominations of Rs. 500 and Rs.1000 issued by the Reserve Bank of India till November 8, 2016 stands withdrawn is known as ______

How many banking ombudsman offices are there in New Delhi?

The current Banking Ombudsman Scheme became operative from ________

The first Banking Ombudsman Scheme was revised in ________

The Banking Ombudsman Scheme was first introduced in India in ________

What is the cost involved in filing complaints with Banking Ombudsman?

The Banking Ombudsman can reject a complaint If compensation sought from the Ombudsman is beyond ________

The Banking Ombudsman may award compensation not exceeding ________ to the complainant only in the case of complaints relating to credit card operations for mental agony and harassment.

Which of the following banks covered under the Banking Ombudsman Scheme, 2006?

What is the total number of banking ombudsman offices in India?

Banking Ombudsman Scheme is introduced under _______ of the Banking Regulation Act, 1949 by RBI with effect from 1995.

DICGC can not insure any amount due on account of any deposit received _______

DICGC can not insure any amount, which has been specifically exempted by the corporation with the previous approval of ________

Which of the following account can not be insured by DICGC?

Which of the following account can be insured by DICGC?

If you have deposits with more than _______ bank, deposit insurance coverage limit is applied separately to the deposits in each bank

Which of the following insured bank can withdraw from the DICGC coverage?

Deposit insurance premium is borne entirely by the _______

The DICGC insures principal and interest up to a maximum amount of ______

Which of the following bank is insured by the DICGC?

NBFCs which deploys at least 75 per cent of its total assets in infrastructure loans is known as _______

NBFCs whose asset size is of ______ or more as per last audited balance sheet are considered as systemically important NBFCs

NBFCs should have a minimum net owned fund of _____

NBFC should be a company registered under ______ of the companies Act, 1956.

Which of the following do not form part of the payment and settlement system?

Which of the following can not accept Demand Deposit?

Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation(DICGC) is not available to depositors of ________

Non-Banking Financial Company (NBFC) does not include ______

Non-Banking Financial Company (NBFC) engaged in the business of ________

A Non-Banking Financial Company (NBFC) is a company registered under _________

Exchange Earners Foreign Currency (EEFC) Account provides ________

________ is an agreement to exchange one currency with another, at a specific rate of exchange.

Which is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a loan default (by the debtor) or other credit event.?

CSA stands for ______

GMRA stands for _____

How many members are there in ISDC?

ISDA stands for _____

The headquarters of ISDA is _______

Which of the following is a legal document which regulates credit support (collateral) for derivative transactions?

Which of the following is the standard document that is commonly used to govern over-the-counter derivatives transactions?

After the expiry of grace period to change SBN notes, holding of not more than notes in total, irrespective of denomination or not more than _ notes for the purpose of study/ research/ numismatics is permitted.