Banking financial awareness Bank PO MCQ Questions With Answers Quiz Questions

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

A 21 crore B 34 crore C 16 crore D 27 crore 5 17 crore

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

A Current accounts B Saving accounts C Recurring accounts D Both 1 and 2 5 Both 2 and 3

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

A Monetary Policy deals with the money supply in the economy whereas fiscal policy is regarding the revenue and the expenditure of the government. B Monetary policy is handled by central bank whereas fiscal policy is the domain of the government. C Monetary Policy has no bearing on the global market whereas fiscal policy is aimed at the global market only. D Both 1 and 2 5 All 1, 2 and 3

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

A CRISIL B EXIM Bank C SIDBI D None of the above

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

A NBFCs can accept deposits from NRI B Nomination Facility is not available to depositors of NBFCs C The deposits with NBFCs are insured D All of the Above 5 None of the above

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

A Logical Antenna Network B Local Area Network C Local Area numbers D Logical and Numerical 5 Local average of networks

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

A Kamraz Rural Bank B Kakathiya Grameen Bank C Prathama Bank D Kanakdurga Grameen Bank

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

A Income Tax B Goods and Services Tax C Stamp Duty D Both 1 and 3

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

A Indian B Internet C International D Imaging 5 Internal

10. A NBFC is a company registered under:

A Reserve Bank of India Act. 1934 B Banking Regulation Act, 1949 C Income Tax Act, 1961 D Companies Act, 1956 5 Chit Funds Act, 1982

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

A Letters of Understanding B Stressed Assets C FDIs D Letter of Authority 5 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 ________.

A Liquidity risk B Systemic risk C Operational risk D Credit risk

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

A To generate funds for entrepreneurs B To increase government tax base C To promote the idea of Make in India D To increase the penetration level of financial services to the remote areas of the country. 5 None of the above

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

A Rs. ₹550 crore B Rs. ₹500 crore C Rs. ₹800 crore D Rs. ₹750 crore

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

A Revenue Expenditure B Capital Expenditure C Asset Expenditure D Interest Expenditure

16. ALU is

A Access Logic Unit B Arithmetic Logic Unit C Array Logic Unit D Artificial Logic Unit

17. 'C' in CPU denotes–

A Central B Common C Convenient D Computer 5 Circuitry

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

A Refinancing B Bancassurance C Payment Banking D Deficit financing 5 None of the above

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

A 5 years B 10 years C 20 years D 30 years 5 There is no such limit

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

A Mangalyaan B Rani ki Vav C Sanchi Stupa D Taj Mahal

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

A Reserve Bank of India B National Payments Corporation of India C Mobile Payments Forum of India D Bharat Bill Payment system 5 None of these

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

A 1972-73 B 1973-74 C 1974-75 D 1975-76 5 1971-72

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

A Leverage ratio B Capital adequacy ratio C Liquidity ratio D Net Stable Funding Ratio 5 None of the above

24. What is the full form of DICGC?

A Deposit Insurance and Credit Guarantee Corporation B Deposit Industries and Credit Guarantee Corporation C Demand Insurance and Credit Guarantee Corporation D Demand Insurance and Cheque Guarantee Corporation 5 None of These

25. Participatory Notes or P-Notes stands for

A Alternative Stock instrument B Alternative Derivative instruments C Primary Equity Instrument D Investment derivative instrument

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

A Hard disk B Optical disk C Output device D Solid-state storage device 5 None of these

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

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

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

A It can issue debit cards B It can issue credit cards C It can accept deposits from individuals up to a limit of Rs 1 lakh per customer D Both 1 and 2 5 1, 2 and 3

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

A Controlled Online Real-time Money Export B Centralized Online Real-time Exchange C Controlled Online Real-time Environment D Centralized Online Real-time Money Export 5 None of the above

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

A NEFT has no minimum limit whereas RTGS has a minimum limit of 2 lakhs B Both NEFT and RTGS have no maximum limit C RTGS is faster as compared to NEFT D NEFT can be processed anytime 5 All of the above