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.
| 201. |
Who imposes moratorium on operations of a bank if the affairs of the bank are not conducted as per banking norms. |
| A. | SEBI |
| B. | RBI |
| C. | IRDA |
| D. | NABARD |
| Answer» C. IRDA | |
| 202. |
A type of banking in which various types of financial services like accepting bills arising out of trade, arranging and providing underwriting, providing advice, information or assistance on starting new business, acquisitions, mergers etc. are provided is called as |
| A. | Offshore Banking |
| B. | Investment Banking |
| C. | Merchant Banking |
| D. | Commercial Banking |
| Answer» D. Commercial Banking | |
| 203. |
Where the name of the endorsee or transferee appears on the instrument while making endorsement. |
| A. | Endorsement in Full |
| B. | Blank Endorsement |
| C. | Conditional Endorsement |
| D. | Partial Endorsement |
| Answer» B. Blank Endorsement | |
| 204. |
A right of the creditors to retain possession of all goods given in security to him by the debtor for any outstanding debt is ________. |
| A. | General Lien |
| B. | Particular Lien |
| C. | Specific Lien |
| D. | None of these |
| Answer» B. Particular Lien | |
| 205. |
A bond that is sold at good discount as it has no coupon is |
| A. | Premium Bond |
| B. | One-coupon Bond |
| C. | Zero coupon Bond |
| D. | None of these |
| Answer» D. None of these | |
| 206. |
When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc. it is called as _________ |
| A. | Retail Banking |
| B. | Offshore Banking |
| C. | Virtual Banking |
| D. | Universal Banking |
| Answer» E. | |
| 207. |
Security which one offers for taking an advance or loan from someone is known as _______. |
| A. | Collateral |
| B. | Mortgage |
| C. | Pledge |
| D. | None of these |
| Answer» C. Pledge | |
| 208. |
Which of the following is a financial ratio which gives an idea or a measure of a company’s ability to meet its financial losses. |
| A. | Credit Ratio |
| B. | Interest Ratio |
| C. | Leverage Ratio |
| D. | None of these |
| Answer» D. None of these | |
| 209. |
This money is borrowed or lent for period between 2 days and 14 days. |
| A. | None |
| B. | Term Money |
| C. | Call money |
| D. | Notice Money |
| Answer» E. | |
| 210. |
Which act applies to all loans up to Rs.1 lakh and above? |
| A. | SARFAESI Act |
| B. | BIFR |
| C. | DRT |
| D. | SICA |
| Answer» B. BIFR | |
| 211. |
If financial assets are more than 50% of its total assets then that company is treated as _______ |
| A. | NBFI |
| B. | NBFC |
| C. | Payment Banks |
| D. | Bank |
| Answer» C. Payment Banks | |
| 212. |
What is the maximum and minimum limit of NEFT? |
| A. | Rs.2 lakh |
| B. | Rs.10000 |
| C. | Rs.2000 |
| D. | No limit |
| Answer» E. | |
| 213. |
These are assets which cannot be seen, touch are measured physical. |
| A. | Intangible Assets |
| B. | Fictitious Assets |
| C. | Tangible Assets |
| D. | Goodwill |
| Answer» B. Fictitious Assets | |
| 214. |
Loans in which initially the rate of interest is low as years go on they will increase the rate are known as ________ |
| A. | Appliance Loan |
| B. | Corporate Loan |
| C. | Teaser Loan |
| D. | None of these |
| Answer» D. None of these | |
| 215. |
In respect of bills purchased or discounted if the bill remain overdue for more than 90 days then it is called ___________ |
| A. | NPA |
| B. | NPL |
| C. | NPM |
| D. | OPA |
| Answer» B. NPL | |
| 216. |
CRR must maintain on daily basis at what percent of NDTL? |
| A. | 10% |
| B. | 5% |
| C. | 8% |
| D. | 4% |
| Answer» E. | |
| 217. |
Maximum note printable by RBI are |
| A. | Rs.5000 |
| B. | Rs.1000 |
| C. | Rs.10000 |
| D. | Rs.50000 |
| Answer» D. Rs.50000 | |
| 218. |
Scheduled banks are listed on which schedule of the Reserve Bank of India Act 1934? |
| A. | First |
| B. | Second |
| C. | Third |
| D. | None of these |
| Answer» C. Third | |
| 219. |
One percent of shareholding in NABARD is by |
| A. | Union Government |
| B. | RBI |
| C. | NHB |
| D. | None of these |
| Answer» C. NHB | |
| 220. |
Coins in India are minted at |
| A. | Noida |
| B. | Kolkata |
| C. | A & B |
| D. | None of these |
| Answer» D. None of these | |
| 221. |
Which of the following is not related to bill of exchange? |
| A. | Endorser |
| B. | Payee |
| C. | Drawer |
| D. | Drawee |
| Answer» B. Payee | |
| 222. |
If you are taking a housing loan by depositing your house documents by mortgaging your house it is known as ________________. |
| A. | Mortgage |
| B. | Pledge |
| C. | Collateral |
| D. | None of these |
| Answer» C. Collateral | |
| 223. |
What is Multi city cheque? |
| A. | Multi cheques paid |
| B. | payable in any bank |
| C. | payable in any branch of a particular bank |
| D. | None of these |
| Answer» D. None of these | |
| 224. |
CORE stand for _________. |
| A. | Centre Online Real-time Exchange |
| B. | Centralized Online Real-time Exchange |
| C. | Computerised Online Real-time Exchange |
| D. | Centralized Online Real-time Export |
| Answer» C. Computerised Online Real-time Exchange | |
| 225. |
Which of the following does not include Priority Sector Lending? |
| A. | Micro and Small Enterprises |
| B. | Education |
| C. | Housing |
| D. | Insurance |
| Answer» E. | |
| 226. |
Treasury bills are issued by _________. |
| A. | Commercial Banks |
| B. | State government |
| C. | EXIM Bank |
| D. | RBI |
| Answer» E. | |
| 227. |
Which of the following appoints Banking ombudsman? |
| A. | State Government |
| B. | Union government |
| C. | RBI |
| D. | SBI |
| Answer» D. SBI | |
| 228. |
A bond giving the investor the option to convert the bond into equity at a fixed conversion price is ________. |
| A. | Coupon Bonds |
| B. | Zero coupon Bond |
| C. | Convertible Bond |
| D. | None of these |
| Answer» D. None of these | |
| 229. |
The Chit funds are regulated by ___ in India. |
| A. | RBI |
| B. | Government of India |
| C. | State Governments |
| D. | Local Bodies |
| Answer» D. Local Bodies | |
| 230. |
Full form of STT is |
| A. | Standard Transaction Tax |
| B. | Standard Transfer tax |
| C. | Securities Transfer tax |
| D. | Securities Transaction tax |
| Answer» E. | |
| 231. |
_________ is not an electronic Banking delivery medium? |
| A. | Mobile Vans |
| B. | Mobile Phone Banking |
| C. | Internet Banking |
| D. | Tele Banking |
| Answer» B. Mobile Phone Banking | |
| 232. |
If a company which is not NBFC wants to collect public deposits it is governed by which Act: |
| A. | RBI Act 1934 |
| B. | Banking companies Act |
| C. | Central Government |
| D. | Companies Act 1956 |
| Answer» E. | |
| 233. |
Currency notes deposited in the currency chest belongs to ____. |
| A. | SEBI |
| B. | RBI |
| C. | SBI |
| D. | Government of India |
| Answer» C. SBI | |
| 234. |
The apex Bank of the USA is: |
| A. | Central National Bank of USA |
| B. | Federal Reserve Bank |
| C. | Bank of America |
| D. | Reserve Bank of USA |
| Answer» C. Bank of America | |
| 235. |
Banks borrow funds from which of the following to meet the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements as mandated by the Central bank? |
| A. | Notice Money Market |
| B. | Call Money Market |
| C. | Bill Market |
| D. | Money Market |
| Answer» C. Bill Market | |
| 236. |
Which committee recommended the set up of Regional Rural Banks? |
| A. | Nayak Committee |
| B. | A P Shah Committee |
| C. | Narsimhan Committee |
| D. | Rangarajan Committee |
| Answer» D. Rangarajan Committee | |
| 237. |
NEFT is used for Electronic Transfer of Funds between two bank accounts. Which of the following is not mandatory for NEFT transaction? |
| A. | MICR Code |
| B. | IFSC Code |
| C. | Recipient’s Bank Account Number |
| D. | Recipient’s Bank Account Name |
| Answer» B. IFSC Code | |
| 238. |
A person who lends money against a pledged article which he or she is free to sell if the loan is not repaid within interest within a stated period is _________. |
| A. | Dealer |
| B. | Pawnbroker |
| C. | Investor |
| D. | None of these |
| Answer» C. Investor | |
| 239. |
It is a tax which is levied at the same rate at all income levels. |
| A. | Progressive Tax |
| B. | Regressive Tax |
| C. | Proportional Tax |
| D. | Sales Tax |
| Answer» D. Sales Tax | |
| 240. |
Which bank introduced cheque system in India? |
| A. | Presidency Bank |
| B. | Imperial Bank of India |
| C. | Bengal Bank |
| D. | PNB |
| Answer» D. PNB | |
| 241. |
The first Indian bank to get ISO was ___________. |
| A. | PNB |
| B. | Canara Bank |
| C. | SBI |
| D. | Bank of Baroda |
| Answer» C. SBI | |
| 242. |
________ is used when describing the monthly charges on a mortgage. |
| A. | BITI |
| B. | CPI |
| C. | DPI |
| D. | PITI |
| Answer» E. | |
| 243. |
The largest bank in the world is |
| A. | BNP Paribas |
| B. | SBI |
| C. | HSBC Holdings |
| D. | Industrial & Commercial Bank of China |
| Answer» E. | |
| 244. |
__________ illustrates the financial position of a bank at a given point of time. |
| A. | Balance sheet |
| B. | Cash flow statement |
| C. | Income statement |
| D. | Audit |
| Answer» B. Cash flow statement | |
| 245. |
It is a contract where both parties agree to buy and sell a particular asset of specific quantity and at a predetermined price. |
| A. | Forward Contract |
| B. | Swap |
| C. | Futures Contract |
| D. | Options Contract |
| Answer» D. Options Contract | |
| 246. |
NIM stands for |
| A. | Net Interest Margin |
| B. | Net Involvement Margin |
| C. | Net Involution Margin |
| D. | Net Inflation Margin |
| Answer» B. Net Involvement Margin | |
| 247. |
Reserve Bank of India uses __________ to control inflation in our country. |
| A. | Interest rate |
| B. | Decrease the SLR |
| C. | Increase in CRR |
| D. | None of these |
| Answer» B. Decrease the SLR | |
| 248. |
The special drawing right granted by the International Monetary Fund to its member countries is _______________. |
| A. | Cold money |
| B. | Hot money |
| C. | Soft money |
| D. | Paper gold |
| Answer» E. | |
| 249. |
The movement that encouraged the foundation of commercial banks was ________. |
| A. | Swadeshi movement |
| B. | Quit India Movement |
| C. | Non Cooperation Movement |
| D. | Swadhar Movement |
| Answer» B. Quit India Movement | |
| 250. |
Which among the following countries commenced first plastic notes? |
| A. | China |
| B. | America |
| C. | Canada |
| D. | Australia |
| Answer» E. | |