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.
| 3051. |
When was Life Insurance sector nationalised? |
| A. | 1834 |
| B. | 1907 |
| C. | 1938 |
| D. | 1956 |
| Answer» E. | |
| 3052. |
Which bank had the highest concentrations of operations overseas in 2010? |
| A. | Bank of Baroda |
| B. | Bank of India |
| C. | State Bank of India |
| D. | Union Bank of India |
| Answer» B. Bank of India | |
| 3053. |
When was the National Bank of Agriculture and Rural Development established? |
| A. | July, 1982 |
| B. | July, 1969 |
| C. | June, 1951 |
| D. | June, 1961 |
| Answer» B. July, 1969 | |
| 3054. |
The subsidiary banks attached to the State Bank are: (i) State Bank of Bikaner and Jaipur (ii) State Bank of Hyderabad (iii) State Bank of Indore (iv) State Bank of Mysore (v) State Bank of Patiala (vi) State Bank of Saurashtra (vii) State Bank of Travancore |
| A. | Only (i) , (v), and (vi) |
| B. | Only (ii), (iii), (iv), and (vii) |
| C. | All the above |
| D. | None of the above |
| Answer» D. None of the above | |
| 3055. |
According to 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. | |
| 3056. |
Which is the largest bank in the world? |
| A. | BNP Paribas |
| B. | China Construction Bank Corporation |
| C. | HSBC Holdings |
| D. | Industrial & Commercial Bank of China |
| Answer» E. | |
| 3057. |
What is the full form of TIBOR? |
| A. | Tokyo Interbank Offered Rate |
| B. | Tokyo-India Bureau Of Regulations |
| C. | The Interbank Offered Rate |
| D. | None of the above |
| Answer» B. Tokyo-India Bureau Of Regulations | |
| 3058. |
Whose signature do the 1 Rupee currency note bear? |
| A. | Governor of RBI |
| B. | Finance Secretary |
| C. | Finance Minister |
| D. | The President |
| Answer» C. Finance Minister | |
| 3059. |
Which was the first bank to introduce cheque system in India? |
| A. | Bengal Bank |
| B. | Bank of Hindustan |
| C. | General Bank of India |
| D. | Presidency Bank |
| Answer» B. Bank of Hindustan | |
| 3060. |
Who was the founder of Punjab National Bank? |
| A. | Bal Gangadhar Tilak |
| B. | Bhagat Singh |
| C. | Bipin Chandra Pal |
| D. | Lala Rajpat Rai |
| Answer» E. | |
| 3061. |
Which was the first Indian bank to get ISO? |
| A. | Canara Bank |
| B. | Punjab National Bank |
| C. | State Bank of India |
| D. | Central Bank of India |
| Answer» B. Punjab National Bank | |
| 3062. |
Which of the following is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds? |
| A. | Benchmark Prime Lending Rate |
| B. | Annual Percentage Rate |
| C. | Bank Rate |
| D. | Repo Rate |
| Answer» E. | |
| 3063. |
Which of the following is used when describing the monthly charges on a mortgage? |
| A. | BIS |
| B. | CPI |
| C. | FII |
| D. | PITI |
| Answer» E. | |
| 3064. |
Which of the following pools money from various investors in order to purchase securities? |
| A. | Fund derivative |
| B. | Money fund |
| C. | Mutual fund |
| D. | Pension fund |
| Answer» D. Pension fund | |
| 3065. |
Which of the following is the amount of Funds borrowed by the government to meet the expenditures? |
| A. | Fiscal Deficit |
| B. | Current account |
| C. | Fiscal policy |
| D. | Public finance |
| Answer» B. Current account | |
| 3066. |
Which of the following helps the consumers protect their credit identities and recover from identity theft? |
| A. | FACTA |
| B. | FCRA |
| C. | FDCPA |
| D. | FOIA |
| Answer» B. FCRA | |
| 3067. |
What is the cost of credit expressed as a percentage on a yearly basis called? |
| A. | APR |
| B. | APY |
| C. | WPI |
| D. | None of these |
| Answer» B. APY | |
| 3068. |
Which is the minimum lending rate decided by RBI which shall be adopted by all Public Sector Banks? |
| A. | Bank rate |
| B. | Base rate |
| C. | Overnight rate |
| D. | None of the above |
| Answer» C. Overnight rate | |
| 3069. |
What does the letter 'R' denote in the abbreviation 'BR Act' which controls banking activities in the country? |
| A. | Reclamation |
| B. | Reformation |
| C. | Regulation |
| D. | Rule |
| Answer» B. Reformation | |
| 3070. |
What do bank customers pay for using safe deposit locker facilities? |
| A. | Commission on locker |
| B. | Exchange on locker |
| C. | Rent on locker |
| D. | Safe custody charges |
| Answer» D. Safe custody charges | |
| 3071. |
Who regulates the Mutual Funds in India? |
| A. | FRBI |
| B. | SEBI |
| C. | SIDBI |
| D. | RBI |
| Answer» C. SIDBI | |
| 3072. |
Which of the following sets up core banking infrastructure for rural banks? |
| A. | IBA |
| B. | NABARD |
| C. | RBI |
| D. | SIDBI |
| Answer» C. RBI | |
| 3073. |
Who issues 'Commercial Papers'? |
| A. | A Company to a Bank |
| B. | Banks to Banks |
| C. | Banks to Companies |
| D. | Company to its suppliers |
| Answer» C. Banks to Companies | |
| 3074. |
What happens if a cheque is post dated? |
| A. | Bank on whom it is drawn will not honour the cheque before the date of the cheque |
| B. | Bank on whom it is drawn has to honour the cheque before the date of the cheque |
| C. | Bank on whom it is drawn has to refer to RBI to honour the cheque before the date of the cheque |
| D. | Bank on whom it is drawn has to refer to court to honour the cheque before the date of the cheque |
| Answer» B. Bank on whom it is drawn has to honour the cheque before the date of the cheque | |
| 3075. |
With whom does the ownership of Public sector banks rest? |
| A. | Wholly with Government of India |
| B. | Jointly with Government of India and share-holders from the public |
| C. | Jointly with Government of India and State Bank of India |
| D. | Jointly with Government of India and Reserve Bank of India |
| Answer» C. Jointly with Government of India and State Bank of India | |
| 3076. |
What does RTGS enable? |
| A. | Immediate transfer of money from customer of one bank to customer of another bank |
| B. | Immediate transfer of money from customer of one bank to customer of another branch within the same bank |
| C. | Immediate transfer of money from customer of one bank to customer of another country |
| D. | Immediate transfer of money from customer of one bank to customer of RBI |
| Answer» B. Immediate transfer of money from customer of one bank to customer of another branch within the same bank | |
| 3077. |
Which bank was the sponsor of Prathama Gramin Bank? |
| A. | Bank of Baroda |
| B. | Indian Bank |
| C. | Punjab National Bank |
| D. | Syndicate Bank |
| Answer» E. | |
| 3078. |
Which of the following permit cheque operation? |
| A. | Savings bank accounts and fixed deposit accounts |
| B. | Current accounts and fixed deposit accounts |
| C. | Savings bank accounts and cash accounts |
| D. | Savings bank accounts and current accounts |
| Answer» B. Current accounts and fixed deposit accounts | |
| 3079. |
What is the full form of FSDC? |
| A. | Financial Security and Development Council |
| B. | Financial Stability and Development Council |
| C. | Financial Security and Development Convention |
| D. | Fiscal Stability and Development Council |
| Answer» B. Financial Stability and Development Council | |
| 3080. |
Which one of the following is called as initial repayment holiday given to a borrower for repayment of loan? |
| A. | Amortization |
| B. | Moratorium |
| C. | Subvention |
| D. | None of the above |
| Answer» C. Subvention | |
| 3081. |
What is Factoring? |
| A. | An easy way of raising capital from a factoring company by small business |
| B. | Selling of account receivables on a contract basis for cash payment to a factor before it is due |
| C. | An arrangement for raising short term money against prepaid expenses |
| D. | A method of discounting of long term bills |
| Answer» C. An arrangement for raising short term money against prepaid expenses | |
| 3082. |
When was Triton Insurance Company Ltd established? |
| A. | 1834 |
| B. | 1850 |
| C. | 1907 |
| D. | 1938 |
| Answer» C. 1907 | |
| 3083. |
When did the nationalisation of major banks happen? |
| A. | June, 1951 |
| B. | June, 1961 |
| C. | June, 1969 |
| D. | July, 1969 |
| Answer» D. July, 1969 | |
| 3084. |
What is the full form of FIMMDA? |
| A. | Fixed Income Money Markets & Derivatives Association |
| B. | Foreign Income Money Markets & Derivatives Association |
| C. | Floating Income Money Markets & Derivatives Association |
| D. | Fixed Income Money Markets & Derivatives Affiliation |
| Answer» B. Foreign Income Money Markets & Derivatives Association | |
| 3085. |
What does the letter 'M' mean in the term SME as used in the financial world? |
| A. | Maximum |
| B. | Medium |
| C. | Market |
| D. | Mutual |
| Answer» C. Market | |
| 3086. |
What is the full form of IRR? |
| A. | Internal Rate of Return |
| B. | Internal Reserve Ratio |
| C. | Internal Rate of Ratio |
| D. | Internal Recession Rate |
| Answer» B. Internal Reserve Ratio | |
| 3087. |
What will be the impact if Reserve Bank of India reduces the Bank Rate by 1%? |
| A. | Less liquidity in the market |
| B. | More liquidity in the market |
| C. | No change in the market liquidity |
| D. | Mobilisation of more deposits by commercial banks |
| Answer» C. No change in the market liquidity | |
| 3088. |
Which of the following are benefited through the Reserve mortgage scheme? |
| A. | Government employees |
| B. | Minors |
| C. | . Senior citizens |
| D. | All the above |
| Answer» D. All the above | |
| 3089. |
Which of the following are Bank advances of a Bank? |
| A. | Bad debts |
| B. | Non-performing Assets |
| C. | Out of order accounts |
| D. | Overdrawn accounts |
| Answer» C. Out of order accounts | |
| 3090. |
What is a Lease? |
| A. | A rental agreement between owner of a flat/house and the Tenant, whereby the Tenant pays specified amount on specified dates to the owner |
| B. | A legal contract between the owner of an asset and its user, containing many conditions including payment of a specified amount by the user to the Owner for use of the asset |
| C. | Both (1) and (2) |
| D. | None of the above |
| Answer» C. Both (1) and (2) | |
| 3091. |
Which of the following does not belong to the major general insurance private sector companies in India? |
| A. | Bajaj Allianz General Insurance |
| B. | Reliance General Insurance |
| C. | Royal Sundaram Alliance Insurance |
| D. | The Oriental Insurace Company |
| Answer» E. | |
| 3092. |
Which of the following does not belong to the main products of life insurance? |
| A. | Endowment |
| B. | Personal accident insurance |
| C. | Term |
| D. | Whole life |
| Answer» C. Term | |
| 3093. |
When did the Government of India appoint a committee under the chairmanship of Shri M.Narasimham to strengthen the banking system? |
| A. | May, 2006 |
| B. | April, 1998 |
| C. | December, 1997 |
| D. | September, 2005 |
| Answer» D. September, 2005 | |
| 3094. |
When did the Government initiate the process of amalgamation of RRBs in a phased manner? |
| A. | September, 2005 |
| B. | March, 2009 |
| C. | June, 2009 |
| D. | March, 2010 |
| Answer» B. March, 2009 | |
| 3095. |
When did the National Housing Bank start its operations? |
| A. | July, 1982 |
| B. | July, 1988 |
| C. | April, 1980 |
| D. | March, 1971 |
| Answer» C. April, 1980 | |
| 3096. |
When did the Government of India set up the Export-Import Bank of India? |
| A. | January, 1982 |
| B. | January, 1993 |
| C. | March, 1971 |
| D. | June, 1969 |
| Answer» B. January, 1993 | |
| 3097. |
When did the government acquire RBI's shareholding (72.5%) in NABARD? |
| A. | May, 2008 |
| B. | June, 2008 |
| C. | August, 2008 |
| D. | March, 2009 |
| Answer» C. August, 2008 | |
| 3098. |
Which subsidiary bank was merged with the State Bank of India on August 13, 2008? |
| A. | State Bank of Hyderabad |
| B. | State Bank of Indore |
| C. | State Bank of Mysore |
| D. | State Bank of Saurashtra |
| Answer» E. | |
| 3099. |
When were the draft guidelines for building grievance redressal mechanism within NBFCs (Non-Banking Financial Companies) published? |
| A. | April 5, 2006 |
| B. | May 26, 2006 |
| C. | June 29, 2007 |
| D. | September 30, 2005 |
| Answer» C. June 29, 2007 | |
| 3100. |
What does 'Nomination' for a deposit account in the bank mean? |
| A. | Mandate given by the close relatives of the depositor to settle the death claim in case of death of the depositor |
| B. | Mandate decided by the bank to settle the death claim of its depositor |
| C. | Mandate of the depositor in favor of one or more persons to claim the amount on death of the deposito |
| D. | Mandate of the depositor in favor of a close relative who can claim the amount on death of the depositor |
| Answer» E. | |