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.
| 151. |
To call a loan NPA, the interest or instalment of principal should remain overdue for a minimum period of more than __? |
| A. | 60 Days |
| B. | 90 Days |
| C. | 120 Days |
| D. | 180 Days |
| Answer» C. 120 Days | |
| 152. |
In terms of agricultural loans in India, the short term credit refers to the loans made for a period less than __: |
| A. | 1 year |
| B. | 15 Months |
| C. | 18 Months |
| D. | 24 Months |
| Answer» C. 18 Months | |
| 153. |
In banking language, which among the following is called Contingent Liability of the banks? |
| A. | Fund based lending |
| B. | Non fund based lending |
| C. | Priority sector lending |
| D. | Statutory pre-emptions |
| Answer» C. Priority sector lending | |
| 154. |
Which among the following are often described as Double Financial Repression for Banks in India? |
| A. | Priority Sector Loans and Cash Reserve Ratio |
| B. | Priority Sector Loans and Statutory Liquidity Ratio |
| C. | Cash Reserve Ratio and Statutory Liquidity Ratio |
| D. | Statuto Liquidity Ratio and Margin Requirements |
| Answer» C. Cash Reserve Ratio and Statutory Liquidity Ratio | |
| 155. |
What is the priority sector loan target has been given to the foreign banks operating in India in terms of agriculture loans? |
| A. | 32% |
| B. | 15% |
| C. | 21% |
| D. | No specific target |
| Answer» E. | |
| 156. |
In which among the following accounts, no cheque book is issued? |
| A. | Minor Account |
| B. | Joint Account |
| C. | Illiterate Account |
| D. | Non Resident Account |
| Answer» D. Non Resident Account | |
| 157. |
“No Risk, No reward”. This quote is most closely associated with__? |
| A. | Risk Diversification |
| B. | Collateral Damage |
| C. | Risk-return trade-off |
| D. | None of the above |
| Answer» D. None of the above | |
| 158. |
Which of the following is NOT a correct statement? |
| A. | Interest rates on unsecured loans is higher than the secured loans |
| B. | Mortgage Loan is a kind of secured loan |
| C. | Credit Card is a kind of secured loan |
| D. | Unsecured loans are given out on the basis of credit worthiness of the borrowers |
| Answer» D. Unsecured loans are given out on the basis of credit worthiness of the borrowers | |
| 159. |
Indian Depository Receipt (IDR) is the |
| A. | Proof of an Indian company’s share |
| B. | Is an unsecured money market instrument |
| C. | Proof of ownership of foreign company’s share |
| D. | Proof of earnings or profits of Indian Companies |
| Answer» D. Proof of earnings or profits of Indian Companies | |
| 160. |
In comparison with Liquidity Adjustment facility (LAF), Marginal Standing Facility (MSF) has |
| A. | Higher Rate of Interest |
| B. | Lower Rate of Interest |
| C. | No difference in interest rate |
| D. | None of these |
| Answer» B. Lower Rate of Interest | |
| 161. |
Non-Banking Financial Companies (NBFCs) are financial institution that |
| A. | holds a banking license |
| B. | does not hold a banking license |
| C. | are government undertaking institutions |
| D. | None of these |
| Answer» C. are government undertaking institutions | |
| 162. |
Which of the following rates are decided by the RBI called as “Policy Rate”? |
| A. | Cash reserve ratio |
| B. | Lending rate |
| C. | Bank rate |
| D. | Deposit rate |
| Answer» B. Lending rate | |
| 163. |
Which among the following statement is incorrect about SEBI? |
| A. | Capital market regulator |
| B. | Mutual fund regulator |
| C. | Regulates the credit rating agencies in India |
| D. | None |
| Answer» E. | |
| 164. |
With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of account holder, the following facility was introduced for bank account in our country. |
| A. | Guarantee |
| B. | Registration |
| C. | Nomination |
| D. | Will |
| Answer» D. Will | |
| 165. |
When RBI sells government securities its meaning is? |
| A. | Liquidity in banking increases |
| B. | Liquidity gets diminished |
| C. | Liquidity remains unchanged |
| D. | None of these |
| Answer» C. Liquidity remains unchanged | |
| 166. |
Which public sector bank of India is the first fully Indian bank, established by the Indian capital? |
| A. | Bank of Baroda |
| B. | State Bank of India |
| C. | Central Bank of India |
| D. | Punjab National Bank |
| Answer» E. | |
| 167. |
SEBI was established in the year |
| A. | 1994 |
| B. | 1990 |
| C. | 1992 |
| D. | 1982 |
| Answer» D. 1982 | |
| 168. |
The largest bank Imperial bank was nationalized in 1955 and rechristened as State Bank of India on the recommendation of which committee? |
| A. | Rangarajan Committee |
| B. | Chelliah Committee |
| C. | Rekhi Committee |
| D. | Gorewala Committee |
| Answer» E. | |
| 169. |
Purpose of setting up Narsimhan committee-2? |
| A. | Efficiency and productivity |
| B. | Banking reform process |
| C. | Export of IT sector |
| D. | Fiscal Reform process |
| Answer» C. Export of IT sector | |
| 170. |
Who carry out open market operations? |
| A. | SEBI |
| B. | SIDBI |
| C. | RBI |
| D. | NABARD |
| Answer» D. NABARD | |
| 171. |
A closed economy is |
| A. | Only Exports take place |
| B. | Only Imports take place |
| C. | Imports and exports take place |
| D. | Neither Imports nor Exports take place |
| Answer» E. | |
| 172. |
Nationalization of banks took place in India in how many phases? |
| A. | 2 |
| B. | 1 |
| C. | 3 |
| D. | 4 |
| Answer» B. 1 | |
| 173. |
FINO stands for |
| A. | Final Inclusion Network & operation |
| B. | Finance Investment Network operation |
| C. | Financial Inclusion Network Operation |
| D. | Foreign Investment Network Operation |
| Answer» D. Foreign Investment Network Operation | |
| 174. |
Which of the following is not correctly matched? |
| A. | ICICI-1956 |
| B. | IDBI- 1964 |
| C. | IFCI- 1948 |
| D. | SIDBI- 1988 |
| Answer» E. | |
| 175. |
Conversion of physical form of share into electronic form is called |
| A. | Demat |
| B. | Exchange |
| C. | Materialization |
| D. | None of these |
| Answer» B. Exchange | |
| 176. |
ECS stand for |
| A. | External Commercial System |
| B. | Electronic Clearing System |
| C. | Electronic Commercial System |
| D. | Electronic Clearing Service |
| Answer» E. | |
| 177. |
First Indian bank to open overseas branch? |
| A. | Bank of India |
| B. | Punjab National Bank |
| C. | Bank of Baroda |
| D. | Bank of India |
| Answer» E. | |
| 178. |
Which of the following is not meant for the purpose of investment? |
| A. | Mutual funds |
| B. | Infrastructure funds |
| C. | National Saving certificate |
| D. | Letter of credit |
| Answer» E. | |
| 179. |
These are the lowest risk category instruments for the short term. RBI issues them at a prefixed day and for a fixed amount. |
| A. | Commercial Bills |
| B. | Certificate of deposits |
| C. | Letter of Credit |
| D. | Treasury Bills |
| Answer» E. | |
| 180. |
It is the extension of very small loans to the unemployed, to poor entrepreneurs and to others living in poverty who are not considered bankable. |
| A. | Macro Credit |
| B. | Medium Credit |
| C. | Micro Credit |
| D. | None of these |
| Answer» D. None of these | |
| 181. |
These are financial instruments used by the investors that are not registered with the SEBI to invest in Indian securities. |
| A. | Participatory notes |
| B. | Promissory Notes |
| C. | Treasury Bills |
| D. | None of these |
| Answer» B. Promissory Notes | |
| 182. |
The cheque having a date subsequent to the date on which it is drawn is known as |
| A. | Post-dated cheque |
| B. | Pre-dated cheque |
| C. | Stale Cheque |
| D. | Anti-dated cheque |
| Answer» B. Pre-dated cheque | |
| 183. |
This is the amount of capital a bank or other financial institution has to hold as required by its financial regulator. |
| A. | CRR |
| B. | CAR |
| C. | CRA |
| D. | None of these |
| Answer» C. CRA | |
| 184. |
Savings account with zero balance can be opened for |
| A. | Students |
| B. | BPL |
| C. | With respect to Bank’s policies |
| D. | Under Financial Inclusion scheme |
| Answer» E. | |
| 185. |
Bancassurance can be sold to |
| A. | Insurance Agents |
| B. | Insurance companies |
| C. | Banks |
| D. | All existing and prospective bank customers |
| Answer» E. | |
| 186. |
This organisation is made for empowering Micro, Small and Medium enterprises in India? |
| A. | ECGC |
| B. | RBI |
| C. | RRB |
| D. | SIDBI |
| Answer» E. | |
| 187. |
By opening and investing in the Tax Saver Deposit Account Scheme in a bank, a customer would get benefit under___________ |
| A. | Excise Duty |
| B. | Customs Duty |
| C. | Sales Tax |
| D. | Income Tax |
| Answer» E. | |
| 188. |
Export of services like shipping and insurance which can earn foreign exchange without the transfer of goods from one country to another is known as |
| A. | Invisible Export |
| B. | Visible Export |
| C. | Open export |
| D. | Closed export |
| Answer» B. Visible Export | |
| 189. |
NBFC deposits are _____ and not backed by security. |
| A. | Insured |
| B. | Uninsured |
| C. | Secured |
| D. | None of these |
| Answer» C. Secured | |
| 190. |
Full form of OLTAS |
| A. | Online Tax Accounting System |
| B. | Office Tax Allowing System |
| C. | Onboard Local Transaction System |
| D. | None of these |
| Answer» B. Office Tax Allowing System | |
| 191. |
The following is not a primary function of a bank |
| A. | Facilitating import of goods |
| B. | Remittance facility |
| C. | Safe custody of articles |
| D. | Foreign Exchange |
| Answer» B. Remittance facility | |
| 192. |
CRR and SLR are related to |
| A. | Capital Market |
| B. | Commodities Market |
| C. | Money Market |
| D. | None of these |
| Answer» E. | |
| 193. |
Insurance cover for bank deposits in India is provided by |
| A. | LIC |
| B. | GIIC |
| C. | NICL |
| D. | DICGC |
| Answer» E. | |
| 194. |
Full form of QIB is |
| A. | Quantitative Institution Board |
| B. | Qualified Inclusive Board |
| C. | Qualified Institutional Buyers |
| D. | Quantified Infrastructure Board |
| Answer» D. Quantified Infrastructure Board | |
| 195. |
The rate of inflation increases when the purchasing power of money_______ |
| A. | Increases |
| B. | Decreases |
| C. | Stable |
| D. | None of these |
| Answer» C. Stable | |
| 196. |
The issuance of direction to housing finance institutions to ensure their growth on sound lines. |
| A. | HDFC |
| B. | NHB |
| C. | ICICI |
| D. | SBI |
| Answer» C. ICICI | |
| 197. |
It offers buyers credit and lines of credit to foreign governments and banks. |
| A. | PNB |
| B. | SBI |
| C. | EXIM Bank |
| D. | IDBI |
| Answer» D. IDBI | |
| 198. |
The initial share capital for RBI was _________ |
| A. | Rs.5 lakh |
| B. | Rs.5 crores |
| C. | Rs.50 crores |
| D. | Rs.1 crore |
| Answer» C. Rs.50 crores | |
| 199. |
The dilution or selling of the government stake in public sector undertakings is known as |
| A. | Privatization |
| B. | Investment |
| C. | Disinvestment |
| D. | None of these |
| Answer» D. None of these | |
| 200. |
It focuses on providing for financial needs of industry and institutional clients. |
| A. | Retail Banking |
| B. | Narrow Banking |
| C. | Offshore Banking |
| D. | Wholesale Banking |
| Answer» E. | |