Quiz  /  Banking financial awareness Bank PO MCQ Questions With Answers

  • 1. 
    As per the interim budget 2019, how many Jan Dhan accounts were opened in the last five years?

  • 21 crore
  • 34 crore
  • 16 crore
  • 27 crore
  • 17 crore

  • 2. 
    CASA ratio is the ratio of deposits in which accounts of a bank to its total deposits?

  • Current accounts
  • Saving accounts
  • Recurring accounts
  • Both 1 and 2
  • Both 2 and 3

  • 3. 
    Which among the following is the main difference between the fiscal policy and the monetary policy of a country?

  • Monetary Policy deals with the money supply in the economy whereas fiscal policy is regarding the revenue and the expenditure of the government.
  • Monetary policy is handled by central bank whereas fiscal policy is the domain of the government.
  • Monetary Policy has no bearing on the global market whereas fiscal policy is aimed at the global market only.
  • Both 1 and 2
  • All 1, 2 and 3

  • 4. 
    Which of the following is not a part of CriSidEx?

  • CRISIL
  • EXIM Bank
  • SIDBI
  • None of the above

  • 5. 
    Which of the following statements are correct with respect to NBFCs?

  • NBFCs can accept deposits from NRI
  • Nomination Facility is not available to depositors of NBFCs
  • The deposits with NBFCs are insured
  • All of the Above
  • None of the above

  • 6. 
    What is the full form of LAN while connecting different systems?

  • Logical Antenna Network
  • Local Area Network
  • Local Area numbers
  • Logical and Numerical
  • Local average of networks

  • 7. 
    The Rural Banks came into existence in 1975 with the formation of which of the following banks?

  • Kamraz Rural Bank
  • Kakathiya Grameen Bank
  • Prathama  Bank
  • Kanakdurga Grameen Bank

  • 8. 
    Which among the following is an example of a direct tax in India?

  • Income Tax
  • Goods and Services Tax
  • Stamp Duty
  • Both 1 and 3

  • 9. 
    What does the letter I stands for in the full form of IBM?

  • Indian
  • Internet
  • International
  • Imaging
  • Internal

  • 10. 
    A NBFC is a company registered under:

  • Reserve Bank of India Act. 1934
  • Banking Regulation Act, 1949
  • Income Tax Act, 1961
  • Companies Act, 1956
  • Chit Funds Act, 1982

  • 11. 
    Special Mention Accounts as mandated by RBI deal with which of the following?

  • Letters of Understanding
  • Stressed Assets
  • FDIs
  • Letter of Authority
  • None of the above

  • 12. 
    When the bank is not able to have enough cash to carry out its day-to-day operations, it is called ________.

  • Liquidity risk
  • Systemic risk
  • Operational risk
  • Credit risk

  • 13. 
    What is the main objective behind the introduction of Payments Bank?

  • To generate funds for entrepreneurs
  • To increase government tax base
  • To promote the idea of Make in India
  • To increase the penetration level of financial services to the remote areas of the country.
  • None of the above

  • 14. 
    As per the interim budget 2019, the total outlay for Rashtriya Gokul mission is increased to Rs. ________.

  • Rs. ₹550 crore
  • Rs. ₹500 crore
  • Rs. ₹800 crore
  • Rs. ₹750 crore

  • 15. 
    The grants given to the states by the central government are considered as ________.

  • Revenue Expenditure
  • Capital Expenditure
  • Asset Expenditure
  • Interest Expenditure

  • 16. 
    ALU is

  • Access Logic Unit
  • Arithmetic Logic Unit
  • Array Logic Unit
  • Artificial Logic Unit

  • 17. 
    'C' in CPU denotes–

  • Central
  • Common
  • Convenient
  • Computer
  • Circuitry

  • 18. 
    State Bank of India (SBI) selling insurance product on behalf of SBI Life Insurance Company is example of ________

  • Refinancing
  • Bancassurance
  • Payment Banking
  • Deficit financing
  • None of the above

  • 19. 
    The maximum period of deposit in Recurring Deposit Account is:

  • 5 years
  • 10 years
  • 20 years
  • 30 years
  • There is no such limit

  • 20. 
    The newly launched Rs. 100 banknote has the motif of ________ on the reverse side.

  • Mangalyaan
  • Rani ki Vav
  • Sanchi Stupa
  • Taj Mahal

  • 21. 
    UPI payment system has been launched by which organisation?

  • Reserve Bank of India
  • National Payments Corporation of India
  • Mobile Payments Forum of India
  • Bharat Bill Payment system
  • None of these

  • 22. 
    The Union Budget of ________ is known as the 'Black Budget' in the history of Indian economy.

  • 1972-73
  • 1973-74
  • 1974-75
  • 1975-76
  • 1971-72

  • 23. 
    A ________ is a relative amount of capital to total assets (not risk-weighted).

  • Leverage ratio
  • Capital adequacy ratio
  • Liquidity ratio
  • Net Stable Funding Ratio
  • None of the above

  • 24. 
    What is the full form of DICGC?

  • Deposit Insurance and Credit Guarantee Corporation
  • Deposit Industries and Credit Guarantee Corporation
  • Demand Insurance and Credit Guarantee Corporation
  • Demand Insurance and Cheque Guarantee Corporation
  • None of These

  • 25. 
    Participatory Notes or P-Notes stands for

  • Alternative Stock instrument
  • Alternative Derivative instruments
  • Primary Equity Instrument
  • Investment derivative instrument

  • 26. 
    DVD is an example of a(n)__________

  • Hard disk
  • Optical disk
  • Output device
  • Solid-state storage device
  • None of these

  • 27. 
    Which of the following is among the 10-point vision for 2030, according to the interim Budget 2019?

  • A next-gen infrastructure.
  • Expanding rural  industrialisation .
  • Placing an Indian astronaut in space.
  • All the above.

  • 28. 
    Which among the following services cannot be provided by Payments Banks in India?

  • It can issue debit cards
  • It can issue credit cards
  • It can accept deposits from individuals up to a limit of Rs 1 lakh per customer
  • Both 1 and 2
  • 1, 2 and 3

  • 29. 
    The word “core” in CBS, Core Banking Solution, stands for

  • Controlled Online Real-time Money Export
  • Centralized Online Real-time Exchange
  • Controlled Online Real-time Environment
  • Centralized Online Real-time Money Export
  • None of the above

  • 30. 
    Which of the following is true regarding NEFT and RTGS?

  • NEFT has no minimum limit whereas RTGS has a minimum limit of 2 lakhs
  • Both NEFT and RTGS have no maximum limit
  • RTGS is faster as compared to NEFT
  • NEFT can be processed anytime
  • All of the above
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