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.
| 251. |
Fiat money is defined as |
| A. | Currency supported by Government Guarantee |
| B. | Currency supported by tangible assets |
| C. | Currency supported by gold reserves |
| D. | Currency supported by budgetary support |
| Answer» B. Currency supported by tangible assets | |
| 252. |
SWIFT stands for |
| A. | Secure Window for Interbank Financial Transactions |
| B. | Society Window In case of Financial Transaction |
| C. | Society for Worldwide Interbank Financial Telecommunication |
| D. | Secure Window Institute For Transactions |
| Answer» D. Secure Window Institute For Transactions | |
| 253. |
The first RRB named Prathama Grameen Bank was started by ______. |
| A. | Punjab National Bank |
| B. | State Bank of India |
| C. | Syndicate Bank |
| D. | Canara Bank |
| Answer» D. Canara Bank | |
| 254. |
MTSS stands for |
| A. | Money Transfer Scheme for Service |
| B. | Medium Transfer Service Strategy |
| C. | Minimum Transfer Service Scheme |
| D. | Money Transfer Service Scheme |
| Answer» E. | |
| 255. |
Which of the following is false about Carbon Credit? |
| A. | Tradable certificate |
| B. | Right of an Industry to emit certain quantity of Carbon Dioxide |
| C. | Carbon Credits mechanism was formalized in Kyoto Protocol |
| D. | None |
| Answer» E. | |
| 256. |
It is the market which expects the prices of shares rise in the market. |
| A. | Fundamental market |
| B. | Bull market |
| C. | Bear Market |
| D. | Depressed market |
| Answer» C. Bear Market | |
| 257. |
What is the meaning of Lock period in Term deposit? |
| A. | Customer cannot open another account |
| B. | Nominee name need not be written |
| C. | Pre-maturity is not possible |
| D. | Locker must be opened by the customer in the branch |
| Answer» D. Locker must be opened by the customer in the branch | |
| 258. |
Which is the loan of very small amounts given to low income groups? |
| A. | Macro Credit |
| B. | Micro Credit |
| C. | Micro Finance |
| D. | None of these |
| Answer» C. Micro Finance | |
| 259. |
What does the lowering of Bank Rate by the Reserve Bank of India leads to |
| A. | More liquidity in the market |
| B. | Less liquidity in the market |
| C. | Stability liquidity in the market |
| D. | None of these |
| Answer» B. Less liquidity in the market | |
| 260. |
Which asset can be mortgaged? |
| A. | Land and Building |
| B. | Sweat equity |
| C. | Illegally obtained funds |
| D. | Undocumented funds |
| Answer» B. Sweat equity | |
| 261. |
Which one of the following is not a key function of a Bank? |
| A. | Collecting Cheques/Drafts customers |
| B. | Granting Loans |
| C. | Easing import of goods |
| D. | Issuing Bank Drafts |
| Answer» D. Issuing Bank Drafts | |
| 262. |
The maximum time period for which domestic term deposits are generally accepted by banks in India is _________. |
| A. | 5 years |
| B. | 4 years |
| C. | 10 years |
| D. | 3 years |
| Answer» D. 3 years | |
| 263. |
In banking CDR stands for |
| A. | Corporate Debt Restructuring |
| B. | Corporate Debt Rollover |
| C. | Corporate Deposit Restructuring |
| D. | None of these |
| Answer» B. Corporate Debt Rollover | |
| 264. |
It is the ratio of a bank’s capital in relation to its risk weighted assets and current liabilities |
| A. | Solvency Ratio |
| B. | Liquidity Ratio |
| C. | Capital Adequacy Ratio |
| D. | None of these |
| Answer» D. None of these | |
| 265. |
Which one of the following is not true about Banking regulations? |
| A. | Credit Allocation |
| B. | Prudential Objectives |
| C. | Systematic Risk Reduction |
| D. | All are true |
| Answer» E. | |
| 266. |
Whose signature is found on a 100 rupee currency note in India? |
| A. | Deputy Governor of RBI |
| B. | Finance Secretary |
| C. | RBI Governor |
| D. | None of these |
| Answer» D. None of these | |
| 267. |
An Individual can have _____ number of ‘Basic Savings Bank Deposit Account’ in one bank? |
| A. | One |
| B. | Two |
| C. | Four |
| D. | Any |
| Answer» B. Two | |
| 268. |
What is the option for a card holder if his complaint is not redressed by the issuer bank within a maximum period of thirty days from the date of his lodging the complaint? |
| A. | Approach RBI Governor |
| B. | Approach Banking Ombudsman |
| C. | Approach Branch Manager |
| D. | Approach Executive Director |
| Answer» C. Approach Branch Manager | |
| 269. |
Who decided the limits on cash withdrawal at ATMs and for purchase of goods and services? |
| A. | Issuer Bank |
| B. | RBI |
| C. | Government |
| D. | SEBI |
| Answer» B. RBI | |
| 270. |
ATS stands for _________. |
| A. | Applied Tracking System |
| B. | Application Transferring System |
| C. | Application Tracking System |
| D. | Asynchronous Tracking System |
| Answer» D. Asynchronous Tracking System | |
| 271. |
CSGL account stands for |
| A. | Connected Subsidiary General Ledger account |
| B. | Corelated Sub General Ledger account |
| C. | Composite Subsidiary General Ledger account |
| D. | Constituents’ Subsidiary General Ledger account |
| Answer» E. | |
| 272. |
NBFCs whose asset size is of __________ or more as per last audited balance sheet are considered as systemically important NBFCs. |
| A. | Rs.500 Crore |
| B. | Rs.100 Crore |
| C. | Rs.400 Crore |
| D. | Rs.200 Crore |
| Answer» B. Rs.100 Crore | |
| 273. |
___________ can purchase immovable property in India. |
| A. | NRI |
| B. | PIO |
| C. | Both A & B |
| D. | None of these |
| Answer» D. None of these | |
| 274. |
It gives the right to retain possession only of goods in respect of which the dues have arisen and not for other dues. |
| A. | General Lien |
| B. | Particular Lien |
| C. | Specific Lien |
| D. | None of these |
| Answer» C. Specific Lien | |
| 275. |
The banks joins together to meet the working capital requirements of the borrowing concerns and it is called as |
| A. | Consortium finance |
| B. | CMA |
| C. | Credit Syndication |
| D. | None of these |
| Answer» B. CMA | |
| 276. |
It is a number which basically represents the value in rupees per fund units as on a particular date of the assets of the fund less liabilities and outstanding expanses. |
| A. | YTM |
| B. | NAV |
| C. | MFs |
| D. | None of these |
| Answer» C. MFs | |
| 277. |
Non-Performing Asset is an advance where the a/c remains overdue for a period of more than ______ in the case of respect of an Overdraft/Cash Credit. |
| A. | 180 Days |
| B. | 90 Days |
| C. | 60 Days |
| D. | 6 Months |
| Answer» C. 60 Days | |
| 278. |
It is the amount outstanding in the borrowal account in books of the bank other than the one which has been recorded and not debited to the borrowal account. |
| A. | Net NPAs |
| B. | Gross NPAs |
| C. | Both A & B |
| D. | None of these |
| Answer» C. Both A & B | |
| 279. |
RRBs are working in all states of the country except ___ |
| A. | Sikkim |
| B. | Goa |
| C. | Andhra Pradesh |
| D. | Both A & B |
| Answer» C. Andhra Pradesh | |
| 280. |
Because of the existence of _________ India is called a mixed economy. |
| A. | Private Sector |
| B. | Corporate Sector |
| C. | Public Sector |
| D. | Both A & C |
| Answer» E. | |
| 281. |
India’s first bi-metallic coins issued in the year 2009 were denominated in ____. |
| A. | Rs. 1 |
| B. | Rs. 50 |
| C. | Rs. 5 |
| D. | Rs. 10 |
| Answer» E. | |
| 282. |
These are the reserves that are held by Commercial Banks over and above the statutory minimum with the central bank. |
| A. | Excess reserves |
| B. | Cash reserves |
| C. | Deposit reserves |
| D. | Momentary reserves |
| Answer» B. Cash reserves | |
| 283. |
Who decides Bank rate? |
| A. | Government |
| B. | RBI |
| C. | SEBI |
| D. | SBI |
| Answer» C. SEBI | |
| 284. |
Remittance received from RBI/other chest should be examined immediately not exceeding ____ from date of receipts. |
| A. | 20Days |
| B. | 15Days |
| C. | 10Days |
| D. | None of these |
| Answer» C. 10Days | |
| 285. |
It is a collection of evidence of dishonor, under which the Notary presents bill again to the drawee and on dishonor, given a noting on the bill, which makes mention of date and reasons of dishonor. |
| A. | Protesting |
| B. | Noting |
| C. | Crossing |
| D. | Acceptance |
| Answer» C. Crossing | |
| 286. |
Which of the following is an account on which funds may not be withdrawn until a lien is satisfied and a court order or other legal process makes the account available for withdrawal? |
| A. | Frozen Account |
| B. | Fixed Account |
| C. | Hot Account |
| D. | None of these |
| Answer» B. Fixed Account | |
| 287. |
A negotiable money market instrument and issued in dematerialised form or as a Usance Promissory Note against funds deposited at a bank for a specified time period is known as |
| A. | Bill of Exchange |
| B. | Line of Credit |
| C. | Cheque |
| D. | Certificate of Deposit |
| Answer» E. | |
| 288. |
It is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets. |
| A. | Adjustable-Rate, Mortgages |
| B. | Fixed-Rate, Mortgages |
| C. | Variable-Rate, Mortgages |
| D. | None of these |
| Answer» B. Fixed-Rate, Mortgages | |
| 289. |
Bank lends to Micro Finance Institutions and is considered as finance to __________. |
| A. | Priority Sector |
| B. | Secondary Sector |
| C. | Tertiary Sector |
| D. | None of these |
| Answer» B. Secondary Sector | |
| 290. |
ALM in Banking/Finance sector stands for _________ |
| A. | Asynchronous Liquidity Management |
| B. | Asset Liability Manufacturing |
| C. | Asset Liability Management |
| D. | Anti-Liability Management |
| Answer» D. Anti-Liability Management | |
| 291. |
At which rate is TDS deducted If PAN details are not provided? |
| A. | 50% |
| B. | 30% |
| C. | 10% |
| D. | 20% |
| Answer» E. | |
| 292. |
These are the reserves that can act as a liquidity buffer for commercial banks during their crisis times. |
| A. | SLR |
| B. | Forex Reserves |
| C. | DSLR |
| D. | Semi SLR |
| Answer» B. Forex Reserves | |
| 293. |
Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as _______. |
| A. | External Value |
| B. | Exchange Rate |
| C. | Spot Rate |
| D. | Interest Rate |
| Answer» C. Spot Rate | |
| 294. |
Monetary policy is administrated by which Bank? |
| A. | RBI |
| B. | SEBI |
| C. | SBI |
| D. | OBC |
| Answer» B. SEBI | |
| 295. |
The letter ‘R’ denotes which word in the term IFRS? |
| A. | Restructuring |
| B. | Reporting |
| C. | Recognizing |
| D. | Remote |
| Answer» C. Recognizing | |
| 296. |
Types of loans granted by banks for purchase of white goods are |
| A. | Consumer Durable Loans |
| B. | White Loans |
| C. | Consortium loans |
| D. | None of these |
| Answer» B. White Loans | |
| 297. |
DIPP is the nodal agency in the field of foreign investments in India. What is the full form of DIPP? |
| A. | Department of Industry Policy and Promotion |
| B. | Department of Innovation Policy and Promotion |
| C. | Department of Industrial Policy and Promotion |
| D. | Department of Industrial Policy and Partnership |
| Answer» D. Department of Industrial Policy and Partnership | |
| 298. |
___________ is usually used to stabilize the value of a currency. |
| A. | Fixed Currency |
| B. | Currency Peg |
| C. | Currency War |
| D. | None of these |
| Answer» C. Currency War | |
| 299. |
Fixed Interest Government Securities traded on Stock Exchanges do not include Treasury bills are known as |
| A. | Collateral Security |
| B. | Equity Securities |
| C. | Gilt Edged Securities |
| D. | Foreign Securities |
| Answer» D. Foreign Securities | |
| 300. |
Which of the following is a ratio that shows the efficiency of a company’s management by comparing operating expense to net sales? |
| A. | Operating Ratio |
| B. | Capital Adequacy Ratio |
| C. | Gearing Ratio |
| D. | None of these |
| Answer» B. Capital Adequacy Ratio | |