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.
| 3001. |
The SBI merged entity will have an asset base of ____? |
| A. | 35 trillion |
| B. | 37 trillion |
| C. | 72 trillion |
| D. | 45 trillion |
| Answer» C. 72 trillion | |
| 3002. |
Which was the first bank to introduce savings account in India? |
| A. | Bank of Hindustan |
| B. | General Bank of India |
| C. | Presidency Banks |
| D. | Bengal Bank |
| Answer» D. Bengal Bank | |
| 3003. |
Name the scheme that will replace the existing Swavalamban Scheme with effect from 1st June’2015? |
| A. | National Pension Scheme |
| B. | Atal Pension Yojana |
| C. | Pradhan Mantri Vradha Pension Scheme |
| D. | None of these |
| Answer» C. Pradhan Mantri Vradha Pension Scheme | |
| 3004. |
Which scheme announced in the Budget 2015-16 is aimed to provide life insurance cover of Rs. 2 lakh in case of death for any reason? |
| A. | Pradhan Mantri Jeevan Beema Yojana |
| B. | Pradhan Mantri Suraksha Bima Yojana |
| C. | Pradhan Mantri Jeevan Jyoti Bima Yojana |
| D. | Atal Beema Yojana |
| Answer» C. Pradhan Mantri Jeevan Jyoti Bima Yojana | |
| 3005. |
Which one of the following is a set of statutes enacted to provide consistency among the States' commercial laws? |
| A. | AIRSCS |
| B. | ARC |
| C. | NSC |
| D. | UCC |
| Answer» E. | |
| 3006. |
Which is the policy that offers multiple coverage combinations for both buildings and contents? |
| A. | PRP |
| B. | REPO |
| C. | UNDP |
| D. | WPI |
| Answer» B. REPO | |
| 3007. |
Which tag should be used to pass information from JSP to included JSP? |
| A. | Using <%jsp:page> tag |
| B. | Using <%jsp:param> tag |
| C. | Using <%jsp:import> tag |
| D. | Using <%jsp:useBean> tag |
| Answer» B. Using <%jsp:param> tag | |
| 3008. |
Which of the following is the ratio of the loan principal to the appraised value? |
| A. | Combined Loan To Value: (CLTV) ratio |
| B. | Loan-to-Value Ratio |
| C. | Mortgage Loan |
| D. | Statutory Liquidity Ratio |
| Answer» C. Mortgage Loan | |
| 3009. |
Which of the following gives consumers the right to see their credit records and correct mistakes? |
| A. | FACTA |
| B. | FCRA |
| C. | FDCPA |
| D. | FOIA |
| Answer» C. FDCPA | |
| 3010. |
What is the percentage rate reflecting the total amount of interest paid on a deposit account called? |
| A. | APR |
| B. | APY |
| C. | WPI |
| D. | None of these |
| Answer» C. WPI | |
| 3011. |
Which among the following made the initial contribution for setting up Financial Inclusion Fund and Financial Inclusion Technology Fund? |
| A. | Government of India, NABARD and RBI |
| B. | NABARD, UTI and RBI |
| C. | SIDBI, Government of India and IDBI Bank |
| D. | SIDBI, NABARD and UTI |
| Answer» B. NABARD, UTI and RBI | |
| 3012. |
Which organization provides credit history of the borrowers? |
| A. | CIBIL |
| B. | CII |
| C. | FRBI |
| D. | IRDA |
| Answer» B. CII | |
| 3013. |
What are NEFT and RTGS about? |
| A. | Cheque truncation process |
| B. | Electronic fund transfer from bank to bank |
| C. | Electronic payment products within a bank |
| D. | Various deposit products |
| Answer» C. Electronic payment products within a bank | |
| 3014. |
What is an Indian Depository Receipt? |
| A. | An instrument in the form of deposit receipt issued by Indian depositories |
| B. | An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company |
| C. | A deposit account with a Public Sector Bank |
| D. | A depository account with any of Depositories in India |
| Answer» C. A deposit account with a Public Sector Bank | |
| 3015. |
What happens if a crossed cheque is presented for payment? |
| A. | It can be paid only through a banker |
| B. | It cannot be paid at all |
| C. | It can be paid across the counter in another bank |
| D. | None of the above |
| Answer» D. None of the above | |
| 3016. |
Which of the following is not a part of India's Money Market? |
| A. | Banks |
| B. | Bill Markets |
| C. | Call Money Market |
| D. | Indian Gold Council |
| Answer» E. | |
| 3017. |
Which organization provides guarantee to the exporters? |
| A. | Exim Bank |
| B. | Export Credit Guarantee Corporation |
| C. | Reserve Bank of India |
| D. | Registrar of companies |
| Answer» C. Reserve Bank of India | |
| 3018. |
Who sets up 'Base Rate' for Banks? |
| A. | Individual Banks Board |
| B. | Interest Rate Commission of India |
| C. | RBI |
| D. | None of the above |
| Answer» D. None of the above | |
| 3019. |
When was the General Insurance Council formed? |
| A. | 1938 |
| B. | 1957 |
| C. | 1973 |
| D. | 1971 |
| Answer» C. 1973 | |
| 3020. |
Deposits mobilised by the banks are utilised for. (i) loans and advances (ii) investment in government and other approved securities in fulfilment of liquidity stipulation (iii) investment in commercial paper, shares, debentures up to stipulated ceilings |
| A. | Only (i) |
| B. | Both (ii) and (iii) |
| C. | All the above |
| D. | None of the above |
| Answer» D. None of the above | |
| 3021. |
Which is the largest commercial bank of the country? |
| A. | Bank of India |
| B. | Canara Bank |
| C. | State Bank of India |
| D. | Union Bank of India |
| Answer» E. | |
| 3022. |
Which of the following is true about the restrictions on RBI? (i) It is not to compete with the commercial banks. (ii) It is not allowed to pay interest on its deposits. (iii) It cannot engage directly or indirectly in trade. (iv) It cannot acquire or advice loans against immovable property. (v) It is prohibited from purchasing its own shares or the shares of any other bank or any company or granting loans on such security. |
| A. | Only (i),(ii),(iii), and (iv) |
| B. | Only (v) |
| C. | All the above |
| D. | None of the above |
| Answer» D. None of the above | |
| 3023. |
Who headed the committee on Credit Information Reports (CIRs)? |
| A. | Raghuram Rajan |
| B. | Kaushik Basu |
| C. | K.V Kamath |
| D. | Aditya Puri |
| Answer» E. | |
| 3024. |
Which among the following is not a public sector bank? |
| A. | Allahabad Bank |
| B. | City Union Bank |
| C. | UCO Bank |
| D. | Vijaya Bank |
| Answer» C. UCO Bank | |
| 3025. |
When did the banking crisis of 1913-1917 end? |
| A. | 1917 |
| B. | 1949 |
| C. | 1955 |
| D. | 1959 |
| Answer» C. 1955 | |
| 3026. |
Which was the second bank in India with limited liability? |
| A. | Punjab National Bank |
| B. | Imperial Bank of India |
| C. | New Bank of India |
| D. | State Bank of India |
| Answer» B. Imperial Bank of India | |
| 3027. |
Which is the largest private sector bank in India? |
| A. | Axis Bank |
| B. | ICICI Bank |
| C. | HDFC Bank |
| D. | South Indian Bank |
| Answer» C. HDFC Bank | |
| 3028. |
Which bank launched Mobile Bank Accounts in association with Vodafone's m-paisa? |
| A. | Bank of Baroda |
| B. | HDFC Bank |
| C. | ICICI Bank |
| D. | Punjab National Bank |
| Answer» C. ICICI Bank | |
| 3029. |
Which of the following are to be followed by Commercial Banks for risk management? |
| A. | Basel II norms |
| B. | Basel III norms |
| C. | Basel I norms |
| D. | Solvency II norms |
| Answer» B. Basel III norms | |
| 3030. |
'Subprime lending' is a term applied to the loans made to _________. |
| A. | Those borrowers who do not have a good credit history |
| B. | Those borrowers who have a good credit history |
| C. | Those borrowers who do not have a good debit history |
| D. | Those borrowers who have a good debit history |
| Answer» B. Those borrowers who have a good credit history | |
| 3031. |
What does the acronym DICGC mean? |
| A. | District Industries Centre and Government College |
| B. | Department of Insurance in Central Govt. Company |
| C. | Deposit Insurance and Credit Guarantee Corporation |
| D. | Deputy Inspector & Commissioner General for Commodities Trading |
| Answer» D. Deputy Inspector & Commissioner General for Commodities Trading | |
| 3032. |
Which is the committee on Banking Ombudsman? |
| A. | Parthasarathi Shome |
| B. | B. Shivaraman Committee |
| C. | Suma Verma Committee |
| D. | Shri Raghuram Rajan Committee |
| Answer» D. Shri Raghuram Rajan Committee | |
| 3033. |
What is the full form of CVV? |
| A. | Call Verification Value |
| B. | Card Verification Value |
| C. | Credit Verification Value |
| D. | None |
| Answer» C. Credit Verification Value | |
| 3034. |
Which of the following norms intends to strengthen Bank Capital requirements? |
| A. | Basel II norms |
| B. | Basel III norms |
| C. | Basel I norms |
| D. | Solvency II norms |
| Answer» C. Basel I norms | |
| 3035. |
Name the initiative launched by the Finance Minister Arun Jaitely to revamp functioning of public sector banks, PSBs on 14th Aug’15? |
| A. | Seven Plan |
| B. | Maulik Niti |
| C. | BankNiti |
| D. | Indradhanush |
| Answer» E. | |
| 3036. |
National Insurance Academy located in ________. |
| A. | Chennai |
| B. | Calcutta |
| C. | Pune |
| D. | Hyderabad |
| Answer» D. Hyderabad | |
| 3037. |
Name the person elected as the new Chairman of the Life Insurance Corporation of India? |
| A. | V K Sharma |
| B. | S K Roy |
| C. | Sushil Kumar |
| D. | Rajesh Vadhera |
| Answer» B. S K Roy | |
| 3038. |
The first RRB of India Prathama Bank was established in which year? |
| A. | 1975 |
| B. | 1976 |
| C. | 1980 |
| D. | 1969 |
| Answer» B. 1976 | |
| 3039. |
Who has been named as the best banking CEO in Asia by the All-Asia Executive Team rankings 2016? |
| A. | Uday Kotak |
| B. | Chanda Kochhar |
| C. | Arundhati Bhattacharya |
| D. | Aditya Puri |
| Answer» E. | |
| 3040. |
The performance of which scheme does the National Housing Bank monitor? |
| A. | Liberalized Finance Scheme |
| B. | Golden Jubilee Rural Housing Finance Scheme |
| C. | Energy Efficient Housing Finance Scheme |
| D. | Finance scheme for indirect loans |
| Answer» C. Energy Efficient Housing Finance Scheme | |
| 3041. |
Which of the following is known as a Savings Bank Account opened with a commercial bank with zero balance or very minimal balance? |
| A. | Current Account |
| B. | No-frills Account |
| C. | Fixed Deposit Bank Account |
| D. | Students Savings Bank Account |
| Answer» C. Fixed Deposit Bank Account | |
| 3042. |
Who was the first Indian Governor of RBI? |
| A. | C. D. Deshmukh |
| B. | Benegal Rama Rau |
| C. | R. K. Shanmukham Chetty |
| D. | K. G. Ambegaokar |
| Answer» B. Benegal Rama Rau | |
| 3043. |
Name the scheme announced in the budget 2015-16 under which accidental death insurance cover for up to Rs 2 lakh will be provided to the people of age group of 18-70 years? |
| A. | Atal Jeevan Beema Yojana |
| B. | Pradhan Mantri Suraksha Bima Yojana |
| C. | Pradhan Mantri Jeevan Jyoti Bima Yojana |
| D. | Atal Pension Yojana |
| Answer» C. Pradhan Mantri Jeevan Jyoti Bima Yojana | |
| 3044. |
Name the bank announced to be setup in the budget for regulating and refinancing all Micro-finance Institutions (MFI) which are in the business of lending to micro/small business entities engaged in manufacturing, trading and services activities? |
| A. | Micro Bank |
| B. | SIDBI Bank |
| C. | MUDRA Bank |
| D. | Micro-Finance Bank |
| Answer» D. Micro-Finance Bank | |
| 3045. |
What is the most powerful tool used by the Reserve Bank of India to control inflation? |
| A. | Raise interest rates |
| B. | Raise current supply |
| C. | Reduce current supply |
| D. | Reduce interest rates |
| Answer» E. | |
| 3046. |
What is Call Money? |
| A. | Money borrowed or lent for a day or over night |
| B. | Money borrowed for more than one day but up to 3 days |
| C. | Money borrowed for more than one day but up to 7 days |
| D. | Money borrowed for more than one day but up to 14 days |
| Answer» B. Money borrowed for more than one day but up to 3 days | |
| 3047. |
Which one of the following does not belong to regulatory bodies in India? |
| A. | FMC |
| B. | IRDA |
| C. | PFRDA |
| D. | SEBI |
| Answer» E. | |
| 3048. |
What is the expanded form of the term ALM used in banking sector? |
| A. | Asset Liability Maintenance |
| B. | Asset Liability Management |
| C. | Asset Liability Manipulation |
| D. | Asset Liability Maximisation |
| Answer» C. Asset Liability Manipulation | |
| 3049. |
When was the Export Credit Guarantee Corporation of India established? |
| A. | 1938 |
| B. | 1957 |
| C. | 1973 |
| D. | 1971 |
| Answer» C. 1973 | |
| 3050. |
When was the Indian Mercantile Insurance established? |
| A. | 1907 |
| B. | 1938 |
| C. | 1957 |
| D. | 1973 |
| Answer» B. 1938 | |