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.
| 2801. |
As per the announcement made by RBI on 3rd Sep’15, the Reserve Bank of India will shortly put into circulation ____coins to commemorate golden jubilee of Indo-Pak War 1965. |
| A. | Rs.1 |
| B. | Rs.2 |
| C. | Rs.5 |
| D. | Rs.10 |
| Answer» D. Rs.10 | |
| 2802. |
What methodology has been proposed by RBI on 1st Sep’15 to make Base Rate sensitive to policy changes? |
| A. | Marginal cost of funds Methodology |
| B. | Funds Methodology |
| C. | Currency Methodology |
| D. | All of these |
| Answer» B. Funds Methodology | |
| 2803. |
As per the Fitch Ratings released on 1st Sep’15, which of the following banks has been downgraded by one notch to 'bb' to reflect the growing risk to the bank's capital position from its mounting stressed assets? |
| A. | Indian Bank |
| B. | Canara Bank |
| C. | Axis Bank |
| D. | Punjab National Bank |
| Answer» E. | |
| 2804. |
Who has been appointed as the new Finance Secretary on 31st Aug’15? |
| A. | L C Goyal |
| B. | Rajiv Mehrishi |
| C. | Ratan P Watal |
| D. | Shaktikanta Das |
| Answer» D. Shaktikanta Das | |
| 2805. |
Which of the following banks were declared as Domestic Systemically Important Banks (D-SIBs) by the RBI on 31st Aiug’15? |
| A. | SBI & ICICI Bank |
| B. | ICICI Bank & PNB |
| C. | HDFC Bank & SBI |
| D. | PNB & HDFC |
| Answer» B. ICICI Bank & PNB | |
| 2806. |
As per the RBI Guidelines, on which of the following days RTGS facility will not operate? |
| A. | 1st Monday of the month & 4th Saturday of the month |
| B. | 2nd Saturday of the month & 4th Saturday of the month |
| C. | All Saturdays of the month & 4th Saturday of the month |
| D. | All Saturdays of the month & 2nd Saturday of the month |
| Answer» C. All Saturdays of the month & 4th Saturday of the month | |
| 2807. |
Who has been appointed as the head of the 14 member committee that will work out a five-year action plan for financial inclusion? |
| A. | Deepak Mohanty |
| B. | Bimal Jalan |
| C. | Bibek Debroy |
| D. | Arvind Kumar |
| Answer» B. Bimal Jalan | |
| 2808. |
Why did the Union Government on 21st July’15 extend Interest Subvention Scheme (ISS) to Public Sector Banks (PSBs), private sector commercial banks, rural regional banks (RRBs), cooperative banks and NABARD? |
| A. | To ensure availability of crop loans of up to 5 lakh to farmers at 6% per annum |
| B. | To ensure availability of crop loans of up to 10 lakh to farmers at 2.5% per annum |
| C. | To ensure availability of crop loans of up to 3 lakh to farmers at 7% per annum |
| D. | To ensure availability of crop loans of up to 8 lakh to farmers at 8.5% per annum |
| Answer» D. To ensure availability of crop loans of up to 8 lakh to farmers at 8.5% per annum | |
| 2809. |
Which stock exchange has launched an enhanced online system for Non-banking Financial Companies (NBFCs) to report data on pledged securities on a quarterly basis? |
| A. | NSE |
| B. | BSE |
| C. | MCX |
| D. | MCX-SX |
| Answer» C. MCX | |
| 2810. |
How many firms have been banned by SEBI which are suspected to be platforms for tax evasion? |
| A. | 500 |
| B. | 600 |
| C. | 764 |
| D. | More than 900 |
| Answer» E. | |
| 2811. |
Which bank has acquired the Sharekhan.com- broking and trading company? |
| A. | HSBC |
| B. | BNP Paribas |
| C. | Deutsche Bank |
| D. | ING Vysya |
| Answer» C. Deutsche Bank | |
| 2812. |
What is the name of the project that is an ambitious project of the Union Finance Ministry to bring into net black money hoarders and tax evaders by using optimum technology? |
| A. | Project Insight |
| B. | Project Black Money |
| C. | Project Money Laundering |
| D. | Project Monitoring |
| Answer» B. Project Black Money | |
| 2813. |
What amount of capital would be infused in Public Sector banks by Indian Government over a period of four years to improve capital ratio and fight with rising bad loans? |
| A. | 70,000 Crore |
| B. | 1 Lakh Crore |
| C. | 2 lakh Crore |
| D. | 500 Crore |
| Answer» B. 1 Lakh Crore | |
| 2814. |
Name the person elected as the new Chairman of the Life Insurance Council on 1st Aug’15? |
| A. | K N Rai |
| B. | S K Roy |
| C. | Sushil Kumar |
| D. | Rajesh Vadhera |
| Answer» C. Sushil Kumar | |
| 2815. |
Which temple in India has opened up a Demat account to accept donations from devotees in the form of shares and securities? |
| A. | Shirdi Sai Temple |
| B. | Tryambkeshwar Temple |
| C. | Vaisho Devi Temple |
| D. | Tirumala Venkateswara Temple |
| Answer» E. | |
| 2816. |
As announced by EPFO on 6th Aug’15, what amount of money would be invested by EPFO via Exchange Traded Funds (ETF)? |
| A. | 200 Crore |
| B. | 980 Crore |
| C. | 2400 Crore |
| D. | 5000 Crore |
| Answer» E. | |
| 2817. |
On 6th Aug’15 the Lok Sabha adopted the Negotiable Instruments (Amendment) Bill 2015 that enables the _________. |
| A. | Enable Cheque collections on Electronic Mode & Proposed to change the definition of Cheques |
| B. | Proposed to change the definition of Cheques & Lift the penalty over bouncing cheques |
| C. | Lift the penalty over bouncing cheques & Proposed to change the definition of Cheques |
| D. | Increase the penalty over bouncing cheques & Enable Cheque collections on Electronic Mode |
| Answer» B. Proposed to change the definition of Cheques & Lift the penalty over bouncing cheques | |
| 2818. |
As per the notification by Reserve Bank of India (RBI) on 6th Aug’15, in which areas the banks are allowed to shift, merge or close branches without seeking its prior permission? |
| A. | Urban Areas |
| B. | Rural Areas |
| C. | Semi-Rural Areas |
| D. | Semi-Urban Areas |
| Answer» B. Rural Areas | |
| 2819. |
On 8th Aug’15 which bank has reported a 51% decline in its net profit to 256.7 crore rupees for the first quarter ended June 30 against the same quarter last fiscal? |
| A. | PNB |
| B. | UCO Bank |
| C. | Allahabad Bank |
| D. | Union Bank of India |
| Answer» C. Allahabad Bank | |
| 2820. |
Which of the following got accredited by the Green Climate fund as a national implementing entity for undertaking climate change related projects in India? |
| A. | SIDBI |
| B. | NABARD |
| C. | MUDRA |
| D. | EPFO |
| Answer» C. MUDRA | |
| 2821. |
The Reserve Bank of India will transfer its surplus profit of 65,896 crore rupees to the Centre. This amount is ___ percent higher than previous year. |
| A. | 5% |
| B. | 19% |
| C. | 25% |
| D. | 33% |
| Answer» D. 33% | |
| 2822. |
Who has been appointed as the MD and CEO of Canara Bank by the government? |
| A. | M S Dhir |
| B. | Rakesh Sharma |
| C. | Rajesh Dhariwal |
| D. | Sanjay Shah |
| Answer» C. Rajesh Dhariwal | |
| 2823. |
Who has been appointed as the MD and CEO of Bank of Baroda by the government? |
| A. | P S Jayakumar |
| B. | Jaykumar Sharma |
| C. | Shiv Pal Sharma |
| D. | Ajay Shankar |
| Answer» B. Jaykumar Sharma | |
| 2824. |
Which bank has launched the fist contactless debit, credit and multi-currency forex card? |
| A. | Axis Bank |
| B. | ICICI Bank |
| C. | HDFC Bank |
| D. | SBI |
| Answer» B. ICICI Bank | |
| 2825. |
With which country India has signed a Memorandum of Understanding (MoU) to tackle the menace of fake Indian currency notes (FICN) smuggling in Aug’15? |
| A. | Myanmar |
| B. | China |
| C. | Pakistan |
| D. | Bangladesh |
| Answer» E. | |
| 2826. |
How many payment banks received in-principle approval by the Reserve bank of India? |
| A. | 3 |
| B. | 4 |
| C. | 6 |
| D. | 11 |
| Answer» E. | |
| 2827. |
Who is the head of the committee that recommended conversion of Urban Cooperative Banks (UCBs) with business size of 20,000 crore rupees or more into regular banks? |
| A. | Bibek Debroy |
| B. | Raghuram Rajan |
| C. | R Gandhi |
| D. | U K Sinha |
| Answer» D. U K Sinha | |
| 2828. |
Name the committee to recommend that granting relief to FIIs on Minimum Alternate Tax (MAT) will be a positive thing for the market? |
| A. | C Rangarjan Committee |
| B. | Bimal Jalan Committee |
| C. | AP Shah Committee |
| D. | K N Desai Committee |
| Answer» D. K N Desai Committee | |
| 2829. |
For which of the following Income Tax Department has to open special return counters? |
| A. | Defence Personnel, Salaried Tax Payers & Pensioners |
| B. | Salaried Tax Payers, Defence Personnel & Differently-abled Persons |
| C. | Pensioners, Salaried Tax Payers & Differently-abled Persons |
| D. | Salaried Tax Payers, Pensioners & Differently-abled Persons |
| Answer» E. | |
| 2830. |
Name the micro finance company that becomes the first to start operation as a commercial bank? |
| A. | PayTm Bank |
| B. | Vodafone m-Pesa Bank |
| C. | Yes Bank |
| D. | Bandhan Bank |
| Answer» E. | |
| 2831. |
Which of the following banks has launched the India's first mortgage guarantee-backed home loan product ‘Extraa Home Loan’? |
| A. | State bank of India |
| B. | Bank of Baroda |
| C. | ICICI Bank |
| D. | HDFC Bank |
| Answer» D. HDFC Bank | |
| 2832. |
With which bank, the Government of India on 28th July’15 signed a $300 million loan to support the government’s flagship program, the National Urban Health Mission (NUHM)? |
| A. | Asian Development Bank |
| B. | World Bank |
| C. | BRICS Bank |
| D. | European Central Bank |
| Answer» B. World Bank | |
| 2833. |
Who cancelled Sahara Mutual Fund license on 28th July’15? |
| A. | Supreme Court |
| B. | SEBI |
| C. | BSE |
| D. | CRISIL |
| Answer» C. BSE | |
| 2834. |
On 21st July’15 the Supreme Court rejected plea of applicants for OBC status in Bank PO exam. The applicants belong to which community? |
| A. | Bengali |
| B. | Marwari |
| C. | Gurjar |
| D. | Jaat |
| Answer» E. | |
| 2835. |
On which day the New Development Bank (NDB) floated by the BRICS nations, including India started its operations at its headquarters in Shanghai? |
| A. | 20th July’15 |
| B. | 1st July’15 |
| C. | 21st July’15 |
| D. | 19th July’15 |
| Answer» D. 19th July’15 | |
| 2836. |
Banks are required to maintain SLR under which act? |
| A. | Section 24 of the Banking Regulation Act |
| B. | Section 35 of the Negotiable Instrument Act, 1881 |
| C. | Section 24 of RBI Act |
| D. | Section 40 of Indian Contract Act, 1872 |
| Answer» B. Section 35 of the Negotiable Instrument Act, 1881 | |
| 2837. |
How much amount is going to be disbursed by banks under Pradhan Mantri Mudra Yojana in FY’17? |
| A. | Rs 2.80 lakh crore |
| B. | Rs 1.50 lakh crore |
| C. | Rs 1.80 lakh crore |
| D. | Rs 1.30 lakh crore |
| Answer» D. Rs 1.30 lakh crore | |
| 2838. |
Which of the following is India’s first Credit Information Company? |
| A. | CRISIL |
| B. | CIBIL |
| C. | SMERA |
| D. | CERSAI |
| Answer» C. SMERA | |
| 2839. |
Which of the following Grameen Bank has launched “Bank Sakhi” scheme to promote and popularize cashless transactions in rural areas? |
| A. | Allahabad UP Gramin Bank |
| B. | Karnataka Vikas Grameen Bank |
| C. | Grameen Bank Of Aryavrat |
| D. | Baroda Gujarat Grameen Bank |
| Answer» C. Grameen Bank Of Aryavrat | |
| 2840. |
Which Private bank is the wholly owned subsidiary of Bank of Baroda? |
| A. | Axis Bank |
| B. | Nainital Bank |
| C. | HDFC Bank |
| D. | Bandhan Bank |
| Answer» C. HDFC Bank | |
| 2841. |
Which among the following bank has its headquarters in Mumbai? |
| A. | Allahabad Bank |
| B. | UCO Bank |
| C. | United Bank of India |
| D. | Bank of India |
| Answer» E. | |
| 2842. |
Which type of banking is most helpful in cross-selling? |
| A. | Virtual Banking |
| B. | Relationship Banking |
| C. | Wholesale Banking |
| D. | Agricultural Banking |
| Answer» C. Wholesale Banking | |
| 2843. |
Co-operative Societies Act was enacted in which year? |
| A. | 1912 |
| B. | 1949 |
| C. | 1935 |
| D. | 1913 |
| Answer» B. 1949 | |
| 2844. |
Original headquarters of RBI were located at which of the following place? |
| A. | Calcutta |
| B. | Bombay |
| C. | Delhi |
| D. | Chennai |
| Answer» B. Bombay | |
| 2845. |
Which of the following is governed by the provisions of Section 42 of the Reserve Bank of India Act, 1934? |
| A. | Bank rate |
| B. | Reverse Repo Rate |
| C. | SLR |
| D. | CRR |
| Answer» E. | |
| 2846. |
Which bank has launched USSD based mobile app for basic banking needs with NPCI? |
| A. | United Bank of India |
| B. | Union Bank of India |
| C. | UCO Bank |
| D. | Indian Bank |
| Answer» C. UCO Bank | |
| 2847. |
Stock Holding Corporation of India Ltd (SHCIL) was established in 1986 as? |
| A. | Private Limited |
| B. | Public limited |
| C. | Unlimited |
| D. | Limited Liability Partnership |
| Answer» C. Unlimited | |
| 2848. |
As of 2016, the present number of RRBS in India is? |
| A. | 137 |
| B. | 82 |
| C. | 56 |
| D. | 65 |
| Answer» D. 65 | |
| 2849. |
Yes Bank in August 2016 rolled out which facility under its ‘Yes We Care’ initiative? |
| A. | 2 months leave for new father |
| B. | 6 months leave for pregnant women |
| C. | Work from home |
| D. | Adoption leave |
| Answer» E. | |
| 2850. |
Which bank was the first to deploy 'Talking ATMs' for differently abled person? |
| A. | Union Bank of India |
| B. | United Bank of India |
| C. | State Bank of India |
| D. | Punjab National Bank |
| Answer» B. United Bank of India | |