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.
| 2201. |
______ of Negotiable Instruments Act, 1881 deals with Bill of Exchange. |
| A. | Section 5 |
| B. | Section 7 |
| C. | Section 8 |
| D. | Section 9 |
| Answer» B. Section 7 | |
| 2202. |
______ of Banking Regulation Act, 1949 deals with return of unclaimed deposits |
| A. | Section 26 |
| B. | Section 27 |
| C. | Section 28 |
| D. | Section 29 |
| Answer» B. Section 27 | |
| 2203. |
The limit of exchange for NRIs will be ______. |
| A. | Rs. 10000 |
| B. | Rs. 15000 |
| C. | Rs. 25000 |
| D. | Rs. 20000 |
| Answer» D. Rs. 20000 | |
| 2204. |
For NRIs the facility to exchange notes is available from January 2, 2017 to June 30, 2017 at ____ Reserve Bank offices. |
| A. | Six |
| B. | Three |
| C. | Four |
| D. | Five |
| Answer» E. | |
| 2205. |
After the expiry of grace period, holding of not more than ____ notes for the purpose of study/ research/ numismatics is permitted. |
| A. | 30 |
| B. | 25 |
| C. | 15 |
| D. | 20 |
| Answer» C. 15 | |
| 2206. |
After the expiry of grace period, holding of not more than ___ notes in total, irrespective of denomination is permitted. |
| A. | 30 |
| B. | 25 |
| C. | 15 |
| D. | 10 |
| Answer» E. | |
| 2207. |
In terms of _______ of Specified Bank Notes (Cessation of Liabilities) Act 2017, contravention of Section 5 shall be punishable with fine which may extend upto 10,000 INR or five times the face value of the SBNs involved in the contravention, whichever is higher. |
| A. | Section 5 |
| B. | Section 7 |
| C. | Section 8 |
| D. | Section 9 |
| Answer» C. Section 8 | |
| 2208. |
In terms of _______ of the Specified Bank Notes (Cessation of Liabilities) Act 2017, with effect from December 31, 2016 no person shall knowingly or voluntarily hold, transfer or receive any specified banknotes. |
| A. | Section 5 |
| B. | Section 7 |
| C. | Section 8 |
| D. | Section 9 |
| Answer» B. Section 7 | |
| 2209. |
For non- resident Indians (Indian passport holders), the grace period is till ______ |
| A. | March 31, 2017 |
| B. | April 30, 2017 |
| C. | May 31, 2017 |
| D. | June 30, 2017 |
| Answer» E. | |
| 2210. |
The grace period for resident Indians to exchange SBNs expired on _________ |
| A. | March 31, 2017 |
| B. | April 30, 2017 |
| C. | May 31, 2017 |
| D. | June 30, 2017 |
| Answer» B. April 30, 2017 | |
| 2211. |
The SBNs cease to be the liabilities of the Reserve Bank under _____ of the RBI Act. |
| A. | Section 34 |
| B. | Section 37 |
| C. | Section 38 |
| D. | Section 39 |
| Answer» B. Section 37 | |
| 2212. |
Which of the following bank notes is referred to as Specified Bank Note(SBN)? |
| A. | 1000 |
| B. | 100 |
| C. | Old series of 500 note |
| D. | Both (A) and (C) |
| Answer» E. | |
| 2213. |
Goods and Services Tax Network (GSTN) is a nonprofit organization formed to create a platform for _______ |
| A. | Stakeholders |
| B. | Government |
| C. | Taxpayers |
| D. | All of these |
| Answer» E. | |
| 2214. |
Purchase of Securities to be governed by ______ |
| A. | Securities Transaction Tax (STT) |
| B. | Securities Tax (ST) |
| C. | Securities Tax (ST) |
| D. | Purchase Tax |
| Answer» B. Securities Tax (ST) | |
| 2215. |
There will be _____ GST on the sale and purchase of securities |
| A. | 3% |
| B. | 2% |
| C. | 1% |
| D. | No GST |
| Answer» E. | |
| 2216. |
Which of the following taxes will be bound together by the GST? |
| A. | Central Excise Duty |
| B. | Service Tax |
| C. | Commercial Tax |
| D. | All of these |
| Answer» E. | |
| 2217. |
The reform process in indirect tax regime of India was started in 1986 by ______ |
| A. | Satish Chandra |
| B. | Vishwanath Pratap Singh |
| C. | V. Raghunathan |
| D. | J.S. Garewal |
| Answer» C. V. Raghunathan | |
| 2218. |
GST is expected to be applicable from __________ |
| A. | October 31, 2017 |
| B. | August 31, 2017 |
| C. | July 31, 2017 |
| D. | July 01, 2017 |
| Answer» E. | |
| 2219. |
The Chairman of GST council is _______ |
| A. | Finance Minister |
| B. | Finance Secretary |
| C. | Home Minister |
| D. | Minister of Commerce |
| Answer» B. Finance Secretary | |
| 2220. |
GST was introduced as The Constitution ________ Amendment bill 2016 |
| A. | 122 |
| B. | 114 |
| C. | 121 |
| D. | 118 |
| Answer» B. 114 | |
| 2221. |
GST Council fixes _____ tax slab for services. |
| A. | 5-tier |
| B. | 4-tier |
| C. | 3-tier |
| D. | 2-tier |
| Answer» C. 3-tier | |
| 2222. |
T in GSTN stands for ______ |
| A. | Tax |
| B. | Trade |
| C. | Transaction |
| D. | Term |
| Answer» B. Trade | |
| 2223. |
GST threshold limit for other than the North Eastern States is ______ |
| A. | 10 lakh |
| B. | 5 lakh |
| C. | 15 lakh |
| D. | 20 lakh |
| Answer» E. | |
| 2224. |
GST threshold limit for the North Eastern States is ______ |
| A. | 10 lakh |
| B. | 5 lakh |
| C. | 15 lakh |
| D. | 20 lakh |
| Answer» B. 5 lakh | |
| 2225. |
Who among the following is a permanent invitee(non-voting) to all proceedings of the GST Council? |
| A. | Chairperson, Central Board of Excise and Customs (CBEC) |
| B. | Union Finance Minister |
| C. | Finance Secretary |
| D. | Revenue Secretary |
| Answer» B. Union Finance Minister | |
| 2226. |
Ex-officio Secretary to the GST Council is ______ |
| A. | Union Finance Minister |
| B. | State Finance Minister |
| C. | Finance Secretary |
| D. | Revenue Secretary |
| Answer» E. | |
| 2227. |
Chairman of GST committee of state finance ministers is ______ |
| A. | Amit Mitra |
| B. | Himanta Biswa |
| C. | Thomas Issac |
| D. | Abdul Bari Siddiqui |
| Answer» B. Himanta Biswa | |
| 2228. |
The Headquarters of GST Council Secretariat is located in __________ |
| A. | Mumbai |
| B. | Kolkata |
| C. | Chennai |
| D. | New Delhi |
| Answer» E. | |
| 2229. |
As per ______ of the amended Constitution, the GST Council will be a joint forum of the Centre and the States. |
| A. | Article 276A |
| B. | Article 279A |
| C. | Article 280A |
| D. | Article 289A |
| Answer» C. Article 280A | |
| 2230. |
GST was introduced as The Constitution ________ Amendment Act 2016 |
| A. | 122 |
| B. | 114 |
| C. | 104 |
| D. | 101 |
| Answer» E. | |
| 2231. |
Which of the following is an inter-bank application? |
| A. | RTGS |
| B. | Government Transactions |
| C. | Delivery Vs Payment |
| D. | All of these |
| Answer» E. | |
| 2232. |
______ are available for subscription at the branches of scheduled commercial banks and designated post offices through RBI’s e-kuber system. |
| A. | Mutual Funds |
| B. | Masala Bond |
| C. | SGBs |
| D. | All of these |
| Answer» D. All of these | |
| 2233. |
Technology partner for RBI for launching e-kuber is ______ |
| A. | IBM |
| B. | TCS |
| C. | CTS |
| D. | Polaris |
| Answer» E. | |
| 2234. |
cAuction of Government securities is done through _______ system |
| A. | e-kuber |
| B. | UPI |
| C. | NPCI |
| D. | BHIM |
| Answer» B. UPI | |
| 2235. |
Goods and Service Tax (GST) settlements are also proposed to be done through _______ |
| A. | e-kuber |
| B. | UPI |
| C. | NPCI |
| D. | BHIM |
| Answer» B. UPI | |
| 2236. |
Which is the Core Banking Solution (CBS) of Reserve Bank of India? |
| A. | e-kuber |
| B. | e-cbs |
| C. | e-auction |
| D. | All of these |
| Answer» B. e-cbs | |
| 2237. |
S in “S4A” stands for ______ |
| A. | Scheme |
| B. | Sustainable |
| C. | Structuring |
| D. | All of these |
| Answer» E. | |
| 2238. |
L in “JLF” stands for ______ |
| A. | Loan |
| B. | Lenders |
| C. | Load |
| D. | Lending |
| Answer» C. Load | |
| 2239. |
B in “IBC” stands for ______ |
| A. | Bank |
| B. | Bureau |
| C. | Bharat |
| D. | Bankruptcy |
| Answer» E. | |
| 2240. |
Section 24 and Section 56 of the Banking Regulation Act, 1949 related to the maintenance of _______ |
| A. | Repo Rate |
| B. | CRR |
| C. | MSF |
| D. | SLR |
| Answer» E. | |
| 2241. |
SGBs will qualify for _____ |
| A. | CRR |
| B. | SLR |
| C. | MSF |
| D. | All of these |
| Answer» C. MSF | |
| 2242. |
SGBs can be held in _____ |
| A. | SB Account |
| B. | Current Account |
| C. | Fixed Deposit |
| D. | Demat Account |
| Answer» E. | |
| 2243. |
Maximum investment in SGBs is _______ |
| A. | 100 grams |
| B. | 200 grams |
| C. | 500 grams |
| D. | 400 grams |
| Answer» D. 400 grams | |
| 2244. |
Minimum investment in SGBs is _____ |
| A. | One gram |
| B. | Two grams |
| C. | Four grams |
| D. | Five grams |
| Answer» B. Two grams | |
| 2245. |
Persons resident in India as defined under _______ are eligible to invest in SGB |
| A. | Banking Regulation Act 1949 |
| B. | Foreign Exchange Management Act, 1999 |
| C. | Government Securities Act 2006 |
| D. | Government Securities Regulations, 2007 |
| Answer» C. Government Securities Act 2006 | |
| 2246. |
Nomination facility is available as per the provisions of the Government Securities Act 2006 and ______ |
| A. | Government Securities Regulations, 2007 |
| B. | Government Securities Regulations, 2008 |
| C. | Government Securities Regulations, 2009 |
| D. | None of these |
| Answer» B. Government Securities Regulations, 2008 | |
| 2247. |
Interest on the SGB Bonds will be taxable as per the provisions of the _______ Income-tax Act, 1961. |
| A. | Section 42 |
| B. | Section 43 |
| C. | Section 41 |
| D. | Section 45 |
| Answer» C. Section 41 | |
| 2248. |
Loan to Value will be the same as applicable to ordinary ___ loan prescribed by RBI from time to time. |
| A. | Vehicle |
| B. | Gold |
| C. | Home |
| D. | Education |
| Answer» C. Home | |
| 2249. |
What is the rate of interest of SGBs? |
| A. | 1.75% |
| B. | 2.50% |
| C. | 2.75% |
| D. | 3.25% |
| Answer» D. 3.25% | |
| 2250. |
Who is the issuer of Sovereign Gold Bond (SGB)? |
| A. | RBI |
| B. | State Governments |
| C. | Finance Ministry |
| D. | All of these |
| Answer» B. State Governments | |