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.
| 2851. |
E' in MSME sector stands for? |
| A. | Entrepreneurs |
| B. | Enterprises |
| C. | Entities |
| D. | Establishments |
| Answer» C. Entities | |
| 2852. |
Of the following countries, which country has the largest shadow banking market in world? |
| A. | China |
| B. | USA |
| C. | UK |
| D. | India |
| Answer» C. UK | |
| 2853. |
On which rate base, overnight money is needed by bank from RBI? |
| A. | MSF |
| B. | Repo rate |
| C. | Reverse repo |
| D. | Bank rate |
| Answer» B. Repo rate | |
| 2854. |
What is the present number of Local Area Banks in India? |
| A. | 3 |
| B. | 4 |
| C. | 5 |
| D. | 6 |
| Answer» C. 5 | |
| 2855. |
On which date was the Reserve Bank of India established? |
| A. | April 1, 1935 |
| B. | July 12, 1982 |
| C. | January 1, 1949 |
| D. | August 15, 1947 |
| Answer» B. July 12, 1982 | |
| 2856. |
Under which act, Yoga was included in the ambit of charitable purposes as announced in the Union Budget 2015-16? |
| A. | Income Tax Act |
| B. | Fundamental Rights Act |
| C. | Co-operative Societies Act |
| D. | Emergency Provisions Act |
| Answer» B. Fundamental Rights Act | |
| 2857. |
What type of tax has been abolished with a CESS in this budget 2015-16? |
| A. | Entertainment Tax |
| B. | Income Tax |
| C. | Transaction Tax |
| D. | Wealth Tax |
| Answer» E. | |
| 2858. |
Imperial Bank of India was nationalised in _______. |
| A. | 1949 |
| B. | 1955 |
| C. | 1959 |
| D. | 1969 |
| Answer» C. 1959 | |
| 2859. |
Punjab National Bank was established in ________. |
| A. | 1881 |
| B. | 1894 |
| C. | 1913 |
| D. | 1917 |
| Answer» C. 1913 | |
| 2860. |
Which is the largest private sector bank in India ? |
| A. | ICICI |
| B. | Axis |
| C. | HDFC |
| D. | HSBC |
| Answer» D. HSBC | |
| 2861. |
Which is the largest public sector bank in India? |
| A. | Bank of Baroda |
| B. | Canara Bank |
| C. | Central Bank of India |
| D. | State Bank of India |
| Answer» D. State Bank of India | |
| 2862. |
What is the full form of 'MAT' in Bank PO Free Mock? |
| A. | Maximum Alternate Tax |
| B. | Minimum Alternate Tax |
| C. | Maximum Alternate Time |
| D. | Minimum Alternate Time |
| Answer» C. Maximum Alternate Time | |
| 2863. |
What is the full form of CBS? |
| A. | Core Banking Solution |
| B. | Core Banking Software |
| C. | Core Banking System |
| D. | Core Banking Service |
| Answer» B. Core Banking Software | |
| 2864. |
On which rate bases, overnight money is needed by bank from RBI? |
| A. | MSF |
| B. | Repo rate |
| C. | Reverse repo |
| D. | Bank rate |
| Answer» B. Repo rate | |
| 2865. |
What is the tagline of SBI? |
| A. | Pure Banking Nothing Else |
| B. | You can always bank on us |
| C. | Working for a better tomorrow |
| D. | Experience Next Generation Banking |
| Answer» B. You can always bank on us | |
| 2866. |
Which one of the following belongs to Bank Capitalization? |
| A. | Basel II norms |
| B. | Basel III norms |
| C. | Basel I norms |
| D. | Solvency II norms |
| Answer» C. Basel I norms | |
| 2867. |
What is the full form of FCCB? |
| A. | Foreign Currency Convertible Bond |
| B. | Foreign Currency Convertible Bank |
| C. | Foreign Currency Convertible Board |
| D. | Foreign Convertible Currency Board |
| Answer» B. Foreign Currency Convertible Bank | |
| 2868. |
Which was the first bank to introduce Internet banking? |
| A. | Canara Bank |
| B. | ICICI Bank |
| C. | Punjab National Bank |
| D. | State Bank of India |
| Answer» C. Punjab National Bank | |
| 2869. |
Who was the first governor of RBI? |
| A. | James Braid Taylor |
| B. | Mihir Sen |
| C. | Nagendra Singh |
| D. | Osborne Smith |
| Answer» E. | |
| 2870. |
Which one of the following allow bank customers to effect transfers of funds from their deposit accounts and other financial transactions at retail establishments? |
| A. | CBS |
| B. | DBS |
| C. | IBS |
| D. | POS |
| Answer» E. | |
| 2871. |
In which type of banking, electronic financial transactions are done? |
| A. | E-Banking |
| B. | POS Banking |
| C. | M-Banking |
| D. | Universal Banking |
| Answer» B. POS Banking | |
| 2872. |
Which of the following is known as "the real return to the investor getting reduced due to sudden rise in the prices of the commodities"? |
| A. | Cost risk |
| B. | Demand risk |
| C. | Market risk |
| D. | Systemic risk |
| Answer» D. Systemic risk | |
| 2873. |
Which of the following organisations has been set up to facilitate connectivity between the Bank's switches and their ATMs, and inter bank payment gateway for authentication and routing the payment details of various e-commerce transactions? |
| A. | IBA |
| B. | IDRBT |
| C. | IRDA |
| D. | SIDBI |
| Answer» C. IRDA | |
| 2874. |
What is the full form of EFT? |
| A. | Electronic Funds Transfer |
| B. | Efficient Funds Transfer |
| C. | Effective Funds Transfer |
| D. | Electronic Foreign Transfer |
| Answer» B. Efficient Funds Transfer | |
| 2875. |
What does RBI regulate through Open Market Operation Transactions? |
| A. | Flow of Foreign Direct Investment |
| B. | Borrowing powers of the banks |
| C. | Inflation |
| D. | Liquidity in economy |
| Answer» E. | |
| 2876. |
If a cheque is dishonoured it is called ____________ . |
| A. | Settlement of the cheque |
| B. | Withdrawing of the cheque |
| C. | Nullifying of the cheque |
| D. | Return of the cheque unpaid |
| Answer» E. | |
| 2877. |
In pursuance of which one of the following was the General Insurance Corporation of India formed? |
| A. | General Insurance Business (Nationalisation) Act, 1972 |
| B. | Insurance Act, 1938 |
| C. | Insurance Amendment Act, 2002 |
| D. | IRDA Act 1999 |
| Answer» B. Insurance Act, 1938 | |
| 2878. |
Which one of the following is the special drawing right given by the International Monetary Fund to its member countries? |
| A. | Cold money |
| B. | Hot money |
| C. | Paper gold |
| D. | None of these |
| Answer» D. None of these | |
| 2879. |
Under whose chairmanship did RBI constitute a Working Group for making balance of payments manual? |
| A. | Anand Sinha |
| B. | Deepak Mohanty |
| C. | Harun Rashid Khan |
| D. | Kamalesh Chandra Chakrabarty |
| Answer» C. Harun Rashid Khan | |
| 2880. |
The new privately-owned domestic banks that started functioning with the approval of the RBI as per the issue of guidelines in January 1993 include: i) UTI Bank Ltd. (ii) IndusInd Bank Ltd. (iii) ICICI Bank Ltd. (iv) Global Trust Bank Ltd. (v) HDFC Ltd. (vi) Centurion Bank Ltd. (Since amalgamated with HDFC Bank in 2008) (vii) Bank of Punjab Ltd. (viii) Times Bank Ltd. (ix) IDBI Bank Ltd. (x) Development Credit Bank Ltd. |
| A. | Both (i) and (viii) |
| B. | Only (ii), (iii), (iv), (v), (vi), (vii), (ix), and (x) |
| C. | None of the above |
| D. | All the above |
| Answer» E. | |
| 2881. |
How many years deferment for General Anti-Avoidance Rules (GAAR) was announced in the Budget 2015-16? |
| A. | 1 year |
| B. | 2 year |
| C. | 3 year |
| D. | 4 year |
| Answer» C. 3 year | |
| 2882. |
The Reserve Bank of India will transfer how much surplus to the government for FY’16 as dividend? |
| A. | Rs 68876 crore |
| B. | Rs 65885 crore |
| C. | Rs 75876 crore |
| D. | Rs 65876 crore |
| Answer» E. | |
| 2883. |
Which of the following is Asia’s first stock exchange? |
| A. | BSE |
| B. | NSE |
| C. | PSE |
| D. | CSE |
| Answer» B. NSE | |
| 2884. |
Which of the following organizations in India provides credit history of the borrowers? |
| A. | CIBIL |
| B. | CII |
| C. | FRBI |
| D. | IRDA |
| Answer» B. CII | |
| 2885. |
Which committee reviewed the financial position of all RRBs in 2010 and recommended for recapitalization? |
| A. | Chakrabarty Committee |
| B. | Nayak Committee |
| C. | Dr. Vyas Committee |
| D. | Sriniwasan Committee |
| Answer» B. Nayak Committee | |
| 2886. |
Name the mobile banking app of Kotak Mahindra Bank (KMB) launched primarily for “un-banked” regions? |
| A. | Kotak Bharat |
| B. | Bharat |
| C. | Kotak India |
| D. | IndianKotak |
| Answer» B. Bharat | |
| 2887. |
Allahabad Bank is one of the oldest public sector bank in India with its headquarters at Kolkata. Which among the following banks have headquarters in Mumbai? |
| A. | UCO Bank |
| B. | United Bank of India |
| C. | Dena Bank |
| D. | Indian Bank |
| Answer» D. Indian Bank | |
| 2888. |
As per which guidelines did the Government pick up the entire SBI shares held by the RBI? |
| A. | National Stock Exchange of India |
| B. | Securities Commission |
| C. | Financial Regulations |
| D. | Securities and Exchange Board of India (SEBI) |
| Answer» E. | |
| 2889. |
Among the following the correct share of Central, State and Sponsor Bank in RRBs is _____? |
| A. | 35%, 40%, 25% |
| B. | 15%, 35%, 50% |
| C. | 30%, 35%, 35% |
| D. | 50%, 15%, 35% |
| Answer» E. | |
| 2890. |
In which year did the Hilton Young Commission submit its report? |
| A. | 1926 |
| B. | 1921 |
| C. | 1935 |
| D. | 1947 |
| Answer» B. 1921 | |
| 2891. |
From which year, the Goods and Service Tax will be rolled out in India? |
| A. | 2014 |
| B. | 2015 |
| C. | 2016 |
| D. | 2017 |
| Answer» D. 2017 | |
| 2892. |
Under which scheme, Union Govt. proposed to set-up an IT based student financial aid system to ensure that no student misses out on higher education due to lack of fund? |
| A. | Pradhan Mantri Vidya Laxmi Scheme |
| B. | Vidya Kanya Laxmi Scheme |
| C. | Suknya Vidyadhan Yojana |
| D. | Sukanya Vidya Laxmi Scheme |
| Answer» B. Vidya Kanya Laxmi Scheme | |
| 2893. |
How many AIIMS will be set up in order to cater the increasingly growing demands for more doctors across the country? |
| A. | 10 |
| B. | 8 |
| C. | 6 |
| D. | 2 |
| Answer» D. 2 | |
| 2894. |
As announced in the Union Budget 2015-16, how many Indian Institute of Management (IIM) will set up? |
| A. | 5 |
| B. | 5 |
| C. | 1 |
| D. | 2 |
| Answer» E. | |
| 2895. |
Which of the following requires lenders to provide standardized information? |
| A. | TILA |
| B. | RESPA |
| C. | NCUA |
| D. | UCC |
| Answer» B. RESPA | |
| 2896. |
Which of the following is the correct definition of Hot Money? |
| A. | This is the fund which is dumped into a country to get the advantage of a favourable interest rate |
| B. | This is the fund which is provided by a bank in US $ at very short notice and at a very high rate of interest and for a longer period of repayment |
| C. | This is the fund which is pushed into market through illegal methods |
| D. | None of the above |
| Answer» B. This is the fund which is provided by a bank in US $ at very short notice and at a very high rate of interest and for a longer period of repayment | |
| 2897. |
Which of the following is a financial ratio that gives a measure of a company's ability to meet its financial losses? |
| A. | Cash Reverse Ratio |
| B. | Leverage Ratio |
| C. | Statutory Liquidity Ratio |
| D. | Loan-to-Value Ratio |
| Answer» C. Statutory Liquidity Ratio | |
| 2898. |
Which was the first bank to introduce mutual fund? |
| A. | Bank of Baroda |
| B. | ICICI Bank |
| C. | Punjab National Bank |
| D. | State Bank of India |
| Answer» E. | |
| 2899. |
Which bank was united with the Punjab National Bank in 1993? |
| A. | Oudh Commercial Bank |
| B. | Imperial Bank of India |
| C. | New Bank of India |
| D. | Punjab and Sind Bank |
| Answer» D. Punjab and Sind Bank | |
| 2900. |
Oudh Commercial Bank was founded in _______. |
| A. | 1913 |
| B. | 1917 |
| C. | 1894 |
| D. | 1881 |
| Answer» E. | |