MCQOPTIONS
Saved Bookmarks
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.
| 2501. |
An Authorised Dealer (AD) is any person specifically authorized by the RBI under ______ of FEMA, 1999. |
| A. | Section 10(1) |
| B. | Section 11(1) |
| C. | Section 12(1) |
| D. | Section 13(1) |
| Answer» B. Section 11(1) | |
| 2502. |
Foreign exchange for travel abroad can be purchased from an authorized person against rupee payment in cash below ______ |
| A. | 40,000 |
| B. | 30,000 |
| C. | 20,000 |
| D. | 50,000 |
| Answer» E. | |
| 2503. |
The base color of the Rs. 200 note is _______. |
| A. | Bright Yellow |
| B. | Fluorescent Blue |
| C. | Magenta |
| D. | Stone Grey |
| Answer» B. Fluorescent Blue | |
| 2504. |
The base color of the Rs. 50 note is _______. |
| A. | Bright Yellow |
| B. | Fluorescent Blue |
| C. | Magenta |
| D. | Stone Grey |
| Answer» C. Magenta | |
| 2505. |
The dimension of the Rs.200 banknote is _______ |
| A. | 66 mm × 166 mm |
| B. | 66 mm x 135 mm |
| C. | 66 mm × 146 mm |
| D. | 66 mm × 150 mm |
| Answer» D. 66 mm × 150 mm | |
| 2506. |
The dimension of the Rs.50 banknote is _______ |
| A. | 66 mm × 166 mm |
| B. | 66 mm x 135 mm |
| C. | 66 mm × 146 mm |
| D. | 66 mm × 150 mm |
| Answer» C. 66 mm × 146 mm | |
| 2507. |
The new Rs.200 denomination has a Motif of ______ on the reverse, depicting the country’s cultural heritage. |
| A. | Mangalyan |
| B. | Hampi with Chariot |
| C. | Sanchi Stupa |
| D. | Red Fort |
| Answer» D. Red Fort | |
| 2508. |
The new Rs. 50 denomination has a motif of _______ on the reverse, depicting the country’s cultural heritage. |
| A. | Mangalyan |
| B. | Hampi with Chariot |
| C. | Sanchi Stupa |
| D. | Red Fort |
| Answer» C. Sanchi Stupa | |
| 2509. |
________ is only a transfer mechanism, which transfers money between different bank accounts and does not hold Money. |
| A. | PayTM |
| B. | Airtel Money |
| C. | mPesa |
| D. | BHIM |
| Answer» E. | |
| 2510. |
MMID stands for ___ |
| A. | Mortgage Money Identifier |
| B. | Maturity Money Identifier |
| C. | Mobile Money Identifier |
| D. | All of these |
| Answer» D. All of these | |
| 2511. |
There is _______ for transaction from Rs.1 to Rs.1 Lakh |
| A. | Rs. 2 |
| B. | Rs. 2.50 |
| C. | Rs. 5 |
| D. | No Charge |
| Answer» E. | |
| 2512. |
BHIM stands for _____ |
| A. | Bharat Interface for Money |
| B. | Bharat Interbank Money transfer |
| C. | Bharat Instant Money transfer |
| D. | Bharat Interface for Marketing |
| Answer» B. Bharat Interbank Money transfer | |
| 2513. |
What is the default time to approve a collect request by a payer in UPI? |
| A. | 25 min |
| B. | 15 min |
| C. | 30 min |
| D. | 45 min |
| Answer» D. 45 min | |
| 2514. |
One can use _______ UPI application on the same mobile. |
| A. | Less than two |
| B. | Only One |
| C. | More than one |
| D. | All of these |
| Answer» D. All of these | |
| 2515. |
The upper limit per UPI transaction is ______. |
| A. | Rs. 2 Lakh |
| B. | Rs. 1 Lakh |
| C. | Rs. 3 Lakh |
| D. | Rs. 5 Lakh |
| Answer» C. Rs. 3 Lakh | |
| 2516. |
Which of the following account is supported by BHIM? |
| A. | Savings Bank Account |
| B. | Current Account |
| C. | Fixed Deposit |
| D. | Only A and B |
| Answer» E. | |
| 2517. |
UPI Stands for ______ |
| A. | United Payments Interface |
| B. | Unique Payments Interface |
| C. | Unified Payments Interface |
| D. | All of these |
| Answer» D. All of these | |
| 2518. |
UPI Personal Identification Number is a ____ digit pass code you create/set during first time registration with UPI App |
| A. | 4 – 5 |
| B. | 3 – 5 |
| C. | 4 – 6 |
| D. | 3 – 6 |
| Answer» D. 3 – 6 | |
| 2519. |
________ can be used for purchase of goods and services and also permit cash withdrawal at ATMs, Merchant Local Locations, and automated business correspondents. |
| A. | Closed System Payment Instruments |
| B. | Semi-closed System Payment Instruments |
| C. | Open System Payment Instruments |
| D. | Semi-Open System Payment Instruments |
| Answer» D. Semi-Open System Payment Instruments | |
| 2520. |
_______are payment instruments that can be used to purchase goods and services at any card-accepting POS terminals. |
| A. | Closed System Payment Instruments |
| B. | Semi-closed System Payment Instruments |
| C. | Open System Payment Instruments |
| D. | Semi-Open System Payment Instruments |
| Answer» E. | |
| 2521. |
______are issued by a company to a consumer for buying goods and services exclusively from that company. |
| A. | Closed System Payment Instruments |
| B. | Semi-closed System Payment Instruments |
| C. | Open System Payment Instruments |
| D. | Semi-Open System Payment Instruments |
| Answer» B. Semi-closed System Payment Instruments | |
| 2522. |
A common QR code built for ease of payments is known as _______ |
| A. | UPI |
| B. | BBPS |
| C. | NPCI QR |
| D. | Bharat QR |
| Answer» E. | |
| 2523. |
What is the single mobile application for accessing different bank accounts? |
| A. | UPI |
| B. | BBPS |
| C. | NPCI |
| D. | NFS |
| Answer» B. BBPS | |
| 2524. |
Network of shared automated teller machines in India is called _____ |
| A. | UPI |
| B. | BBPS |
| C. | NPCI |
| D. | NFS |
| Answer» E. | |
| 2525. |
Which is the umbrella organisation for all retail payment systems in India? |
| A. | UPI |
| B. | BBPS |
| C. | NPCI |
| D. | NCMC |
| Answer» D. NCMC | |
| 2526. |
Which of the following is an integrated bill payment system in India offering interoperable and accessible bill payment service to customers? |
| A. | Unified Payments Interface |
| B. | Bharat Bill Payment System |
| C. | Immediate Payment Service |
| D. | National Common Mobility Card |
| Answer» C. Immediate Payment Service | |
| 2527. |
Which of the following is the Smartphone app built using UPI interface? |
| A. | NFS |
| B. | IMPS |
| C. | BHIM |
| D. | All of these |
| Answer» D. All of these | |
| 2528. |
_________ is an interoperable transport card conceived by the Ministry of Urban Development in association with NPCI. |
| A. | Unified Payments Interface |
| B. | Bharat Bill Payment System |
| C. | Immediate Payment Service |
| D. | National Common Mobility Card |
| Answer» E. | |
| 2529. |
_______ are redeemable at a group of clearly identified merchants that contract specifically with the issuer to accept the payment instrument. |
| A. | Closed System Payment Instruments |
| B. | Semi-closed System Payment Instruments |
| C. | Open System Payment Instruments |
| D. | Semi-Open System Payment Instruments |
| Answer» C. Open System Payment Instruments | |
| 2530. |
The amount outstanding at any point of time in Open System PPIs by banks shall not exceed ________ |
| A. | Rs. 200000 |
| B. | Rs. 100000 |
| C. | Rs. 250000 |
| D. | Rs. 150000 |
| Answer» C. Rs. 250000 | |
| 2531. |
Maximum value of each prepaid gift instrument shall not exceed _______ |
| A. | Rs. 20000 |
| B. | Rs. 10000 |
| C. | Rs. 25000 |
| D. | Rs. 15000 |
| Answer» B. Rs. 10000 | |
| 2532. |
Bank and non-bank entities are permitted to issue prepaid gift instruments.The maximum validity of the prepaid gift instruments shall be _______ |
| A. | 3 years |
| B. | 5 years |
| C. | 4 years |
| D. | 2 years |
| Answer» B. 5 years | |
| 2533. |
The maximum value outstanding in PPI-MTS(Mass Transit System operator) cannot exceed the limit of _______at any point of time |
| A. | Rs. 2000 |
| B. | Rs. 5000 |
| C. | Rs. 4000 |
| D. | Rs. 3000 |
| Answer» E. | |
| 2534. |
The maximum value in PPIs for credit of cross border inward remittance at any point of time shall not exceed _______ |
| A. | Rs. 45,000 |
| B. | Rs. 35,000 |
| C. | Rs. 25,000 |
| D. | Rs. 50,000 |
| Answer» E. | |
| 2535. |
Amount in a PPI should not exceed _____ if the customer provides minimum KYC details to the PPI issuing entity. |
| A. | Rs. 10,000 |
| B. | Rs. 20,000 |
| C. | Rs. 15,000 |
| D. | Rs. 25,000 |
| Answer» C. Rs. 15,000 | |
| 2536. |
Amount in a PPI should not exceed _____ at any point of time if the customer provides full KYC |
| A. | Rs. 1 lakh |
| B. | Rs. 2 lakh |
| C. | Rs. 3 lakh |
| D. | Rs. 4 lakh |
| Answer» B. Rs. 2 lakh | |
| 2537. |
Entities, seeking approval/authorisation from the RBI for issuance of PPIs should have a minimum positive net worth of _______. |
| A. | Rs. 10 Crore |
| B. | Rs. 15 Crore |
| C. | Rs. 20 Crore |
| D. | Rs. 25 Crore |
| Answer» E. | |
| 2538. |
The maximum value of any prepaid payment instrument, where specific limits have not been prescribed, shall not exceed ______ |
| A. | Rs. 25000 |
| B. | Rs. 75000 |
| C. | Rs. 50000 |
| D. | Rs. 100000 |
| Answer» D. Rs. 100000 | |
| 2539. |
How many digits are there in IIN? |
| A. | 5 |
| B. | 6 |
| C. | 8 |
| D. | 9 |
| Answer» C. 8 | |
| 2540. |
IIN Stands for ______ |
| A. | International Identification Number |
| B. | Issuer Identification Number |
| C. | Internal Identification Number |
| D. | Inspection Identification Number |
| Answer» C. Internal Identification Number | |
| 2541. |
IN AEBA, E stands for ____ |
| A. | External |
| B. | Enabled |
| C. | Earned |
| D. | Eased |
| Answer» C. Earned | |
| 2542. |
RRN number is a ______ digit number generated to record the transaction and to identify a transaction uniquely. |
| A. | 11 |
| B. | 15 |
| C. | 10 |
| D. | 12 |
| Answer» D. 12 | |
| 2543. |
IN BFD, “B” stands for ______ |
| A. | Better |
| B. | Base |
| C. | Build |
| D. | Best |
| Answer» E. | |
| 2544. |
How many languages are available on BHIM to improve user experience? |
| A. | 15 |
| B. | 13 |
| C. | 12 |
| D. | 18 |
| Answer» C. 12 | |
| 2545. |
Which of the following is an example for Semi-Closed System Payment Instrument? |
| A. | Amazon Wallet |
| B. | Cleartrip Wallet |
| C. | Mobikwik Wallet |
| D. | Both (A) and (B) |
| Answer» D. Both (A) and (B) | |
| 2546. |
Which of the following is an example for Closed System Payment Instruments? |
| A. | Amazon Wallet |
| B. | Cleartrip Wallet |
| C. | Mobikwik Wallet |
| D. | Both (A) and (B) |
| Answer» E. | |
| 2547. |
Which of the following is an example for Open System Payment Instruments? |
| A. | Visa |
| B. | Mastercard |
| C. | Rupay |
| D. | All of these |
| Answer» E. | |
| 2548. |
The Prepaid Payment Instruments can be issued as _____ |
| A. | Smart Cards |
| B. | Online Wallets |
| C. | Magnetic stripe cards |
| D. | All of these |
| Answer» E. | |
| 2549. |
CVD is a _______digit number printed on the back of the card same as CVV as referred to by other international schemes. |
| A. | 2 |
| B. | 3 |
| C. | 4 |
| D. | 5 |
| Answer» C. 4 | |
| 2550. |
CVC Stands for ______ |
| A. | Card Validation Code |
| B. | Card Validity Code |
| C. | Card Verified Code |
| D. | Card Verification Code |
| Answer» E. | |