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.
| 2451. |
What is the rate applicable under GST to the services by the business facilitator or a business correspondent to a banking company with respect to accounts in its rural area branch? |
| A. | 12% |
| B. | 28% |
| C. | No GST |
| D. | 5% |
| Answer» D. 5% | |
| 2452. |
What is the rate applicable under GST to Services received by the Reserve Bank of India, from outside India in relation to management of foreign exchange reserves? |
| A. | 12% |
| B. | 28% |
| C. | 5% |
| D. | No GST |
| Answer» E. | |
| 2453. |
What is the rate applicable under GST to Services by an acquiring bank, to any person in relation to the settlement of an amount up to two thousand rupees in a single transaction transacted through credit card, debit card, charge card or other payment card service? |
| A. | 12% |
| B. | 28% |
| C. | 5% |
| D. | No GST |
| Answer» E. | |
| 2454. |
How much % GST levied on Erasers? |
| A. | 12% |
| B. | 28% |
| C. | 5% |
| D. | 18% |
| Answer» B. 28% | |
| 2455. |
How much % GST levied on services by way of admission to a museum, national park, wildlife sanctuary, tiger reserve or zoo? |
| A. | 12% |
| B. | 28% |
| C. | 5% |
| D. | No GST |
| Answer» E. | |
| 2456. |
How much % GST levied on Closed-circuit television (CCTV)? |
| A. | 12% |
| B. | 28% |
| C. | 5% |
| D. | 18% |
| Answer» E. | |
| 2457. |
How much % GST levied on Mobile Phones? |
| A. | 12% |
| B. | 28% |
| C. | 5% |
| D. | 18% |
| Answer» B. 28% | |
| 2458. |
How much % GST levied on Chocolates and other food preparations containing cocoa? |
| A. | 28% |
| B. | 5% |
| C. | 18% |
| D. | Nil |
| Answer» B. 5% | |
| 2459. |
Which of the following Live animal attracts 12% GST? |
| A. | Live Swine |
| B. | Live Sheep and Goats |
| C. | Live Poultry |
| D. | Live Horses |
| Answer» E. | |
| 2460. |
The annual return shall be filed by the registered taxable person (other than dealers paying tax under section 10) in form ________ |
| A. | GSTR 7 |
| B. | GSTR 9 |
| C. | GSTR 9A |
| D. | GSTR 10 |
| Answer» C. GSTR 9A | |
| 2461. |
Every registered taxable person shall be entitled to take credit of input tax in his return and such input tax credit shall be credited to _______ |
| A. | Personal Ledger Account |
| B. | Refund account |
| C. | Electronic Cash Ledger |
| D. | Electronic Credit Ledger |
| Answer» E. | |
| 2462. |
The certificate of details of tax deducted by the deductor shall be furnished to the deductee in Form _________ |
| A. | GSTR 7 |
| B. | GSTR 7A |
| C. | GSTR 2A |
| D. | GSTR 1A |
| Answer» C. GSTR 2A | |
| 2463. |
The details submitted by the outward supplier in Form GSTR 1 shall be furnished to the input service distributor in form _______ |
| A. | GSTR 4A |
| B. | GSTR 5A |
| C. | GSTR 2A |
| D. | GSTR 6A |
| Answer» E. | |
| 2464. |
The details submitted by the outward supplier in Form GSTR 1 shall be furnished to the recipient regular dealer in form _______ |
| A. | GSTR 4A |
| B. | GSTR 5A |
| C. | GSTR 2A |
| D. | GSTR 6A |
| Answer» D. GSTR 6A | |
| 2465. |
Details of Outward supplies shall include ______ |
| A. | Invoice |
| B. | Credit and Debit notes |
| C. | Revised invoice issued in relation to outward supplies |
| D. | All of these |
| Answer» E. | |
| 2466. |
The details of outward supplies of goods or services shall be submitted by _______ |
| A. | 10th of the succeeding month |
| B. | 18th of the succeeding month |
| C. | 15th of the succeeding month |
| D. | 20th of the succeeding month |
| Answer» B. 18th of the succeeding month | |
| 2467. |
What is the validity of the registration certificate? |
| A. | One year |
| B. | No validity |
| C. | Five years |
| D. | Valid till it is canceled. |
| Answer» E. | |
| 2468. |
Within how many days a person should apply for registration? |
| A. | Within 60 days from the date the person becomes liable for registration. |
| B. | Within 30 days from the date the person becomes liable for registration. |
| C. | Within 90 days from the date the person becomes liable for registration |
| D. | No Time Limit |
| Answer» C. Within 90 days from the date the person becomes liable for registration | |
| 2469. |
Which of the following forms are used for registration? |
| A. | Form GSTR -1 |
| B. | Form GSTR –2 |
| C. | Form GST REG-01 |
| D. | Form GST REG |
| Answer» D. Form GST REG | |
| 2470. |
Bank loans up to a limit of _____ to borrowers for purposes like solar based power generators under priority sector. |
| A. | Rs. 10 crore |
| B. | Rs. 18 crore |
| C. | Rs. 15 crore |
| D. | Rs. 20 crore |
| Answer» D. Rs. 20 crore | |
| 2471. |
Bank loans up to a limit of ______ per borrower for building social infrastructure under priority sector. |
| A. | Rs. 1 crore |
| B. | Rs. 2 crore |
| C. | Rs. 3 crore |
| D. | Rs. 5 crore |
| Answer» E. | |
| 2472. |
Which of the following categories under priority sector? |
| A. | Export Credit |
| B. | Agriculture |
| C. | Social Infrastructure |
| D. | All of these |
| Answer» E. | |
| 2473. |
If a complaint is not settled by an agreement within a period of ____ month, the Banking Ombudsman proceeds further to pass an Award. |
| A. | 2 |
| B. | 1 |
| C. | 5 |
| D. | 8 |
| Answer» C. 5 | |
| 2474. |
One can file the appeal against the award or decision of the Banking Ombudsman rejecting the complaint within ______ of the date of receipt of the Award |
| A. | 25 days |
| B. | 18 days |
| C. | 15 days |
| D. | 30 days |
| Answer» E. | |
| 2475. |
If the compensation sought from the Banking Ombudsman is beyond _____the Banking Ombudsman may reject a complaint at any stage. |
| A. | Rs. 5 lakh |
| B. | Rs. 10 lakh |
| C. | Rs. 15 lakh |
| D. | Rs. 20 lakh |
| Answer» E. | |
| 2476. |
Is there any limit on the amount of compensation as specified in an Award? |
| A. | Rs. 10 lakh |
| B. | Rs. 18 lakh |
| C. | Rs. 15 lakh |
| D. | Rs. 20 lakh |
| Answer» E. | |
| 2477. |
The Banking Ombudsman charge ______ fee for filing and resolving customers’ complaints. |
| A. | Rs. 100 |
| B. | Rs. 200 |
| C. | Rs. 300 |
| D. | No Fee |
| Answer» E. | |
| 2478. |
Which are the banks covered under the Banking Ombudsman Scheme, 2006? |
| A. | Scheduled Commercial Banks |
| B. | Regional Rural Banks |
| C. | Scheduled Primary Co-operative Banks |
| D. | All of these |
| Answer» E. | |
| 2479. |
How many Banking Ombudsmen have been appointed? |
| A. | 10 |
| B. | 18 |
| C. | 15 |
| D. | 20 |
| Answer» E. | |
| 2480. |
Banking Ombudsman is a senior official appointed by the RBI to redress customer complaint specified under ______ of the Banking Ombudsman Scheme 2006 |
| A. | Clause 8 |
| B. | Clause 7 |
| C. | Clause 6 |
| D. | Clause 5 |
| Answer» B. Clause 7 | |
| 2481. |
The Banking Ombudsman Scheme is introduced under ________ of the Banking Regulation Act, 1949. |
| A. | Section 25 A |
| B. | Section 30 A |
| C. | Section 35 A |
| D. | Section 40 A |
| Answer» D. Section 40 A | |
| 2482. |
Banking Ombudsman may award compensation not exceeding _____ to the complainant for mental agony and harassment. |
| A. | 1 lakh |
| B. | 2 lakh |
| C. | 3 lakh |
| D. | 4 lakh |
| Answer» B. 2 lakh | |
| 2483. |
As per MSMED Act 2006, In providing or rendering of services, Medium Enterprise is an enterprise where investment in plant and machinery does not exceed _____ |
| A. | 8 crore |
| B. | 3 crore |
| C. | 7 crore |
| D. | 5 crore |
| Answer» E. | |
| 2484. |
As per MSMED Act 2006, In providing or rendering of services, Medium Enterprise is an enterprise where investment in plant and machinery is more than _________ |
| A. | 8 crore |
| B. | 7 crore |
| C. | 6 crore |
| D. | 2 crore |
| Answer» E. | |
| 2485. |
As per MSMED Act 2006, In providing or rendering of services, Small Enterprise is an enterprise where investment in plant and machinery does not exceed _____ |
| A. | 8 crore |
| B. | 7 crore |
| C. | 6 crore |
| D. | 2 crore |
| Answer» E. | |
| 2486. |
As per MSMED Act 2006, In providing or rendering of services, Small Enterprise is an enterprise where investment in plant and machinery is more than _________ |
| A. | 10 lakh |
| B. | 25 lakh |
| C. | 35 lakh |
| D. | 45 lakh |
| Answer» B. 25 lakh | |
| 2487. |
As per MSMED Act 2006, In providing or rendering of services, Micro Enterprise is an enterprise where investment in plant and machinery does not exceed _________ |
| A. | 15 lakh |
| B. | 10 lakh |
| C. | 35 lakh |
| D. | 45 lakh |
| Answer» C. 35 lakh | |
| 2488. |
As per MSMED Act 2006, In production/Manufacture, Medium Enterprise is an enterprise where investment in plant and machinery does not exceed _____ |
| A. | 18 crore |
| B. | 20 crore |
| C. | 10 crore |
| D. | 15 crore |
| Answer» D. 15 crore | |
| 2489. |
As per MSMED Act 2006, In production/Manufacture, Medium Enterprise is an enterprise where investment in plant and machinery is more than _________ |
| A. | 8 crore |
| B. | 7 crore |
| C. | 6 crore |
| D. | 5 crore |
| Answer» E. | |
| 2490. |
As per MSMED Act 2006, In production/Manufacture, Small Enterprise is an enterprise where investment in plant and machinery does not exceed _____ |
| A. | 8 crore |
| B. | 7 crore |
| C. | 6 crore |
| D. | 5 crore |
| Answer» E. | |
| 2491. |
As per MSMED Act 2006, In production/Manufacture, Small Enterprise is an enterprise where investment in plant and machinery is more than _________ |
| A. | 15 lakh |
| B. | 25 lakh |
| C. | 35 lakh |
| D. | 45 lakh |
| Answer» C. 35 lakh | |
| 2492. |
As per MSMED Act 2006, In production/Manufacture, Micro Enterprise is an enterprise where investment in plant and machinery does not exceed _________ |
| A. | 15 lakh |
| B. | 25 lakh |
| C. | 35 lakh |
| D. | 45 lakh |
| Answer» C. 35 lakh | |
| 2493. |
Treasury bills are also issued under the ________. |
| A. | MSS |
| B. | NDS |
| C. | ECS |
| D. | All of these |
| Answer» B. NDS | |
| 2494. |
T-bills auctions are held on the _______ |
| A. | MSS |
| B. | NDS |
| C. | ECS |
| D. | All of these |
| Answer» C. ECS | |
| 2495. |
Which of the following is an unsecured money market instrument issued in the form of a promissory note? |
| A. | Demand Draft |
| B. | Primary Lending Certificates |
| C. | Commercial Paper |
| D. | All of these |
| Answer» D. All of these | |
| 2496. |
If the tangible net worth of the company, as per the latest audited balance sheet, is not less than ______ crore, then the corporate would be eligible to issue CP. |
| A. | 4 crore |
| B. | 3 crore |
| C. | 2 crore |
| D. | 5 crore |
| Answer» B. 3 crore | |
| 2497. |
Who among the following set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)? |
| A. | GOI |
| B. | Ministry of MSME |
| C. | SIDBI |
| D. | All of these |
| Answer» E. | |
| 2498. |
A Micro or Small Enterprise may be said to have become Sick, if Any of the borrowal account of the enterprise remains NPA for ________ months or more. |
| A. | 3 |
| B. | 4 |
| C. | 2 |
| D. | 5 |
| Answer» B. 4 | |
| 2499. |
A person coming into India from abroad can bring with him foreign exchange without ________ |
| A. | Rs.25000 |
| B. | Rs.50000 |
| C. | Rs.75000 |
| D. | Any Limit |
| Answer» E. | |
| 2500. |
In FFMC, “M” stands for ___ |
| A. | Mortgage |
| B. | Maturity |
| C. | Money |
| D. | All of these |
| Answer» D. All of these | |