3109 + Mcqs in Bank PO Free Mock McqOptions

1.	A bank which is not included in second schedule and is not eligible for loan from RBI is called as _________.
A.	Scheduled Bank
B.	Non-Scheduled Bank
C.	SBI
D.	None of these
Answer» C. SBI

Discussion

2.	It is not a separate legal entity of the parent company and liability wise there is no limit to the parent company’s liability.
A.	Subsidiary
B.	Branch
C.	Kiosk
D.	None of these
Answer» C. Kiosk

Discussion

3.	Which of the following is a financial institution that assists wealthy individuals, corporations, and governments in raising capital by underwriting and/or acting as the client’s agent in the issuance of securities?
A.	Narrorw Bank
B.	Investment Bank
C.	Merchant Bank
D.	Virtual Bank
Answer» C. Merchant Bank

Discussion

4.	_________ is a negotiable instrument issued by the international depository bank, representing foreign company’s stock trading globally.
A.	ADR
B.	GDR
C.	ARM
D.	None of these
Answer» C. ARM

Discussion

5.	Which of the following are the funds in which investor’s type is Pension fund, endowment fund, high net worth individuals?
A.	Mutual Fund
B.	Hedge Fund
C.	Debt Fund
D.	Hybrid Funds
Answer» C. Debt Fund

Discussion

6.	________ of Rs. 20000 or more should be issued with “A/c payee” crossing.
A.	Banker’s Cheque
B.	Cheque
C.	FD
D.	Demand Draft
Answer» E.

Discussion

7.	All Scheduled Commercial Banks (SCBs) having their current account and Subsidiary General Ledger (SGL) with an RBI are eligible for this rate.
A.	Bank Rate
B.	Repo Rate
C.	MSF
D.	Reverse Repo Rate
Answer» D. Reverse Repo Rate

Discussion

8.	This card usually has Maestro or Cirrus or Plus logo
A.	Debit Card
B.	Credit Card
C.	ATM Card
D.	Pre-paid Card
Answer» D. Pre-paid Card

Discussion

9.	In which of the following a credit facility is provided by the bank to an entity for a specific purpose, to be repayable after a short duration?
A.	Advances
B.	Loans
C.	Security
D.	None of these
Answer» B. Loans

Discussion

10.	In it a worldwide recognized identification code used at the time of international credit transfer between banks and also when there is an exchange of messages between banks.
A.	IFSC Code
B.	SWIFT Code
C.	NEFT Code
D.	None of these
Answer» C. NEFT Code

Discussion

11.	Which of the following is a bank account opened by NRI to deposit income mainly generated from an Indian source?
A.	NRI
B.	NRP
C.	NRO
D.	FCNR
Answer» D. FCNR

Discussion

12.	A card which is used to make payments by the card holder, but needs to be paid in full, on the due date when the statement is received is known as ______.
A.	Credit Card
B.	Charge Card
C.	Post-paid Card
D.	Pre-paid Card
Answer» C. Post-paid Card

Discussion

13.	Which of the following is a type of short term loan provided to companies to fulfill their working capital requirements?
A.	Cash Credit
B.	Overdraft
C.	Collateral
D.	None of these
Answer» B. Overdraft

Discussion

14.	Which of the following is or are the right(s) of a customer towards his banker?
A.	To sue the banker for not maintaining the secrecy of his account
B.	To receive a statement of his account from a banker
C.	To sue the bank for any loss and damages
D.	All mentioned above
Answer» E.

Discussion

15.	Decrease of the bank rate by RBI leads to ________.
A.	Mobilization of more deposits by commercial banks
B.	Less liquidity in the market
C.	More liquidity in the market
D.	No change in the liquidity in the market
Answer» D. No change in the liquidity in the market

Discussion

16.	SARFAESI Act 2002 is mainly related to _________
A.	Regulation of foreign exchange
B.	Fixation of interest rates
C.	Recovery of bad loans
D.	Acquisition of small banks
Answer» D. Acquisition of small banks

Discussion

17.	R stands for _______ in CDR.
A.	Ratio
B.	Restructuring
C.	Reserve
D.	Regulation
Answer» C. Reserve

Discussion

18.	The following index used as the key measure of inflation in India
A.	Interest rate that bank offers on the deposits
B.	Wholesale Price Index(WPI)
C.	Consumer Price Index(CPI)
D.	Sensex and Nifty
Answer» D. Sensex and Nifty

Discussion

19.	One among the following is NOT a subsidiary of RBI and that is
A.	National Housing Bank
B.	NABARD
C.	Bharatiya Reserve Bank Note Mudran Private Limited(BRBNMPL)
D.	None of these
Answer» E.

Discussion

20.	To fight with raising inflation RBI has to
A.	Increase reserve ratios
B.	Sell government securities
C.	Increase bank rate
D.	All of the above
Answer» E.

Discussion

21.	The first bank in India to obtain license for Internet Banking from Reserve Bank of India was
A.	Oriental Bank of Commerce
B.	State Bank India
C.	Punjab National Bank
D.	Syndicate Bank
Answer» D. Syndicate Bank

Discussion

22.	It is the ability of commercial banks to increase their deposits by expanding their loans and advances.
A.	Capital Expansion
B.	Capital Creation
C.	Credit Expansion
D.	Credit Creation
Answer» E.

Discussion

23.	RSI stands for
A.	Relative Statutory Index
B.	Remote Strength Index
C.	Relational Strength Index
D.	Relative Strength Index
Answer» E.

Discussion

24.	A financial ratio that measure the amount of debt being used to support operations and the ability of the firm to service its debt is ________.
A.	Leverage Ratio
B.	Liquidity Ratio
C.	Risk based Capital
D.	Debt Ratio
Answer» B. Liquidity Ratio

Discussion

25.	A combination of two or more securities into a single investment position for the purpose of reducing or eliminating risk is known as _____.
A.	Leverage
B.	Hedge
C.	utual Funds
D.	Speculation
Answer» C. utual Funds

Discussion

26.	Which among the following are the bonds that give the issuer the right to redeem the bonds before their stated maturity?
A.	Straight Bonds
B.	Convertible Bonds
C.	Call Bonds
D.	Callable Bonds
Answer» E.

Discussion

27.	Which among the following is a metal container in the wall of a bank that you can put money into when the bank is closed?
A.	Wallet
B.	Fireproof Safe
C.	Safety Deposit Box
D.	None of these
Answer» D. None of these

Discussion

28.	CHIPS stands for
A.	Central House Interbank Payment System
B.	Clearing House Interbank Payment System
C.	Clearing House International Payment System
D.	Clearing House Interbank Priority System
Answer» C. Clearing House International Payment System

Discussion

29.	BIPS stands for
A.	Board Internet Payment System
B.	Bank Instrument Payment System
C.	Bank Internet Payment Setup
D.	Bank Internet Payment System
Answer» E.

Discussion

30.	Any form of credit where you don’t have to provide an asset as security against the loan is known as ____________.
A.	Secured Credit
B.	Cash Credit
C.	Unsecured credit
D.	None of these
Answer» D. None of these

Discussion

31.	Your account is _____ if you have taken more account than was actually available as cleared funds. This can happen if you have arranged a direct debit without having enough money in your account to cover the payment.
A.	Overdrawn
B.	Default
C.	Solvent
D.	None of these
Answer» B. Default

Discussion

32.	A Committee on Banking Supervision which provides a forum for regular cooperation on banking supervisory matters and to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide.
A.	BIS
B.	BASEL
C.	European Banking Supervisors
D.	None of these
Answer» C. European Banking Supervisors

Discussion

33.	“Rupee” symbol designed by Uday Kumar and he belongs to
A.	Tamil Nadu
B.	Kerala
C.	UP
D.	Delhi
Answer» B. Kerala

Discussion

34.	Which type of crisis occurs when the banks which have obligation to facilitate money flow may get struck their revenue assets with insolvents and become toxic assets?
A.	Sub-prime Crisis
B.	Super prime Crisis
C.	Basic Crisis
D.	None of these
Answer» B. Super prime Crisis

Discussion

35.	When the repayment of a loan starts after certain period of its disbursement, that period is called ________.
A.	Esoteric
B.	Foreclosure
C.	Diffusion
D.	Moratorium
Answer» E.

Discussion

36.	The buyer of goods requests his bank to give guarantee that the payment for the goods will be paid to the seller. In such case the bank issues _______.
A.	Credit Card
B.	Line of Credit
C.	Bill of Exchange
D.	Letter of Credit
Answer» C. Bill of Exchange

Discussion

37.	DTC stands for
A.	Due tax clip
B.	Direct turn code
C.	Direct tax code
D.	Debit tax company
Answer» D. Debit tax company

Discussion

38.	CORE Banking Solution where online multiple delivery channel/(s) like _____ under one roof.
A.	ATM
B.	ABB
C.	Debit Card
D.	All of these
Answer» E.

Discussion

39.	Which among the following is a system of payment in which the bank account holder can authorize the customer to withdraw the due amount, directly from his bank account?
A.	Direct Order
B.	Standing Order
C.	Indirect Order
D.	None of these
Answer» B. Standing Order

Discussion

40.	It is a particular system of banking, in which a bank places its funds in risk free assets with maturity period matching its liability’s maturity timing and maintains liquidity at the time of demand payment and their funds have no chance of becoming an NPA.
A.	Universal Banking
B.	Merchant Banking
C.	Narrow Banking
D.	Virtual Banking
Answer» D. Virtual Banking

Discussion

41.	Different types of Loans offered by banks
A.	Unsecured Personal Loan
B.	Auto Loans
C.	Mortgage Loans
D.	All of these
Answer» E.

Discussion

42.	Different ways you can operate your account are
A.	Telephone or Mobile banking
B.	ATM (Automated Teller Machine)
C.	Branch or Over the counter service
D.	All of the above
Answer» E.

Discussion

43.	It takes around _________ time depending on the drawee centre and collection arrangements to get outstation cheques realised on a Collection basis.
A.	3weeks
B.	5weeks
C.	1week
D.	2week
Answer» B. 5weeks

Discussion

44.	Which of the following is the regulator of the Infrastructure Debt Fund set up as a trust?
A.	RBI
B.	SEBI
C.	IRDA
D.	PFRDA
Answer» C. IRDA

Discussion

45.	Which among the following is/are eligible to issue Commercial papers in India?
A.	Corporates
B.	Primary dealers
C.	Financial Institutions
D.	All of the above
Answer» E.

Discussion

46.	As per Banking, a Certificate of Deposit is
A.	Negotiable Instrument
B.	Transferrable Instrument
C.	Honored Instrument
D.	Only A & B
Answer» E.

Discussion

47.	A provision in most loan and insurance contracts which allows payment to be received for a certain period of time after the actual due date and is known as _______.
A.	Term Period
B.	Loan Period
C.	Grace Period
D.	None of these
Answer» D. None of these

Discussion

48.	The first credit card facility to be recognized worldwide was _______.
A.	RuPay card
B.	Maestro card
C.	MasterCard
D.	Visa card
Answer» E.

Discussion

49.	_______ is not a pillar of Basel III.
A.	Minimum capital standards
B.	Supervisory review
C.	Market discipline
D.	Consolidation of assets
Answer» E.

Discussion

50.	It is the process at which the government Undertake austerity measures to put restrictions on its economy such as de licensing of industries, disinvestment from stack etc.
A.	Fiscal Consolidation
B.	Fiscal Policy
C.	Monetary Consolidation
D.	None of these
Answer» B. Fiscal Policy

Discussion

Explore topic-wise MCQs in Testing Subject.

A bank which is not included in second schedule and is not eligible for loan from RBI is called as _________.

It is not a separate legal entity of the parent company and liability wise there is no limit to the parent company’s liability.

Which of the following is a financial institution that assists wealthy individuals, corporations, and governments in raising capital by underwriting and/or acting as the client’s agent in the issuance of securities?

_________ is a negotiable instrument issued by the international depository bank, representing foreign company’s stock trading globally.

Which of the following are the funds in which investor’s type is Pension fund, endowment fund, high net worth individuals?

________ of Rs. 20000 or more should be issued with “A/c payee” crossing.

All Scheduled Commercial Banks (SCBs) having their current account and Subsidiary General Ledger (SGL) with an RBI are eligible for this rate.

This card usually has Maestro or Cirrus or Plus logo

In which of the following a credit facility is provided by the bank to an entity for a specific purpose, to be repayable after a short duration?

In it a worldwide recognized identification code used at the time of international credit transfer between banks and also when there is an exchange of messages between banks.

Which of the following is a bank account opened by NRI to deposit income mainly generated from an Indian source?

A card which is used to make payments by the card holder, but needs to be paid in full, on the due date when the statement is received is known as ______.

Which of the following is a type of short term loan provided to companies to fulfill their working capital requirements?

Which of the following is or are the right(s) of a customer towards his banker?

Decrease of the bank rate by RBI leads to ________.

SARFAESI Act 2002 is mainly related to _________

R stands for _______ in CDR.

The following index used as the key measure of inflation in India

One among the following is NOT a subsidiary of RBI and that is

To fight with raising inflation RBI has to

The first bank in India to obtain license for Internet Banking from Reserve Bank of India was

It is the ability of commercial banks to increase their deposits by expanding their loans and advances.

RSI stands for

A financial ratio that measure the amount of debt being used to support operations and the ability of the firm to service its debt is ________.

A combination of two or more securities into a single investment position for the purpose of reducing or eliminating risk is known as _____.

Which among the following are the bonds that give the issuer the right to redeem the bonds before their stated maturity?

Which among the following is a metal container in the wall of a bank that you can put money into when the bank is closed?

CHIPS stands for

BIPS stands for

Any form of credit where you don’t have to provide an asset as security against the loan is known as ____________.

Your account is _____ if you have taken more account than was actually available as cleared funds. This can happen if you have arranged a direct debit without having enough money in your account to cover the payment.

A Committee on Banking Supervision which provides a forum for regular cooperation on banking supervisory matters and to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide.

“Rupee” symbol designed by Uday Kumar and he belongs to

Which type of crisis occurs when the banks which have obligation to facilitate money flow may get struck their revenue assets with insolvents and become toxic assets?

When the repayment of a loan starts after certain period of its disbursement, that period is called ________.

The buyer of goods requests his bank to give guarantee that the payment for the goods will be paid to the seller. In such case the bank issues _______.

DTC stands for

CORE Banking Solution where online multiple delivery channel/(s) like _____ under one roof.

Which among the following is a system of payment in which the bank account holder can authorize the customer to withdraw the due amount, directly from his bank account?

It is a particular system of banking, in which a bank places its funds in risk free assets with maturity period matching its liability’s maturity timing and maintains liquidity at the time of demand payment and their funds have no chance of becoming an NPA.

Different types of Loans offered by banks

Different ways you can operate your account are

It takes around _________ time depending on the drawee centre and collection arrangements to get outstation cheques realised on a Collection basis.

Which of the following is the regulator of the Infrastructure Debt Fund set up as a trust?

Which among the following is/are eligible to issue Commercial papers in India?

As per Banking, a Certificate of Deposit is

A provision in most loan and insurance contracts which allows payment to be received for a certain period of time after the actual due date and is known as _______.

The first credit card facility to be recognized worldwide was _______.

_______ is not a pillar of Basel III.

It is the process at which the government Undertake austerity measures to put restrictions on its economy such as de licensing of industries, disinvestment from stack etc.