Bank Specialist Officer
Bank Specialist Officer (Bank SO) exams include professional roles such as IT Officer, HR Officer, Marketing Officer, Law Officer, Agriculture Field Officer, and Finance Officer. This section provides high-quality MCQs and study material covering reasoning, quantitative aptitude, English, and domain-specific topics. Designed for IBPS SO, SBI SO, and other bank recruitment exams, these questions help candidates strengthen concepts and improve accuracy. Ideal for aspirants preparing for preliminary and mains SO exams.
Q1. What is the primary function of a Bank Specialist Officer?
A. Manage daily cash transactions
B. Provide specialized support and analysis
C. Operate ATM machines
D. Sell insurance policies
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Q2. Which of the following skills is most essential for a Bank Specialist Officer?
A. Strong technical knowledge
B. Physical strength
C. Customer service only
D. Cooking skills
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Q3. Which department does a Bank Specialist Officer often work with?
A. IT Department
B. Marketing Department
C. Risk Management and Compliance
D. Security Department
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Q4. What qualification is generally required for a Bank Specialist Officer?
A. High school diploma
B. Bachelor’s degree in finance or related field
C. No qualification needed
D. Primary school certificate
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Q5. Which regulation compliance is a Bank Specialist Officer responsible for?
A. Healthcare compliance
B. Environmental compliance
C. Banking and financial regulations compliance
D. Food safety regulations
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Q6. What does NPA stand for in banking?
A. Non-Performing Asset
B. National Payment Act
C. Non-Paid Account
D. National Processing Asset
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Q7. Which organization regulates banks in India?
A. SEBI
B. RBI
C. IRDAI
D. NABARD
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Q8. CRR stands for?
A. Cash Reserve Ratio
B. Credit Rating Ratio
C. Currency Reserve Rule
D. Cash Return Ratio
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Q9. SLR stands for?
A. Statutory Liquidity Ratio
B. Saving Liquidity Rate
C. Scheduled Loan Ratio
D. Short Lending Rate
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Q10. Which is a type of risk in banking?
A. Market risk
B. Credit risk
C. Operational risk
D. All of these
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Q11. Which section of the Banking Regulation Act deals with licensing of banks?
A. Section 22
B. Section 35
C. Section 49
D. Section 7
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Q12. Base rate is the minimum rate set by?
A. Customers
B. RBI
C. Individual banks
D. Government
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Q13. Which bank is known as banker’s bank?
A. SBI
B. ICICI
C. RBI
D. HDFC
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Q14. IFSC code is used for?
A. UPI payments
B. Bank branch identification
C. PAN verification
D. Tax filing
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Q15. Which act governs money laundering?
A. Banking Regulation Act
B. Companies Act
C. PMLA Act 2002
D. IT Act
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Q16. KYC stands for?
A. Know Your Customer
B. Know Your Cash
C. Keep Your Credit
D. Key Yield Certificate
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Q17. Priority sector lending includes?
A. Agriculture
B. MSME
C. Education loans
D. All of these
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Q18. Which committee recommended PSL norms?
A. Nachiket Mor Committee
B. Chelliah Committee
C. Narasimham Committee
D. Tandon Committee
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Q19. CASA accounts refer to?
A. Current and Savings Account
B. Credit and Savings Account
C. Cash Accounting System
D. Corporate Savings Account
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Q20. Which banking term refers to converting NPAs into securities?
A. Mutual funds
B. Securitization
C. Underwriting
D. Hedging
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Q21. Capital Adequacy Ratio ensures?
A. Liquidity
B. Capital safety
C. Profitability
D. Branch expansion
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Q22. Basel norms are related to?
A. International trade
B. Banking risk management
C. Taxation
D. Monetary policy
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Q23. Which is a retail banking product?
A. Home loans
B. Corporate loans
C. Treasury bonds
D. Export financing
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Q24. Digital payment system in India is regulated by?
A. NPCI
B. UGC
C. FAO
D. IRDAI
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Q25. What is inflation?
A. Increase in money value
B. Decrease in general price level
C. Increase in general price level
D. Increase in exports
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Q26. Which bank launched UPI first?
A. HDFC Bank
B. Axis Bank
C. Yes Bank
D. ICICI Bank
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Q27. Call money market deals in?
A. Long-term loans
B. Short-term funds
C. Insurance
D. Equity shares
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Q28. Which is NOT a type of cheque?
A. Bearer cheque
B. Crossed cheque
C. Self cheque
D. Premium cheque
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Q29. RTGS stands for?
A. Real Time Gross Settlement
B. Rapid Transfer Gateway System
C. Ready Transaction Gateway
D. Real Time Gold Savings
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Q30. Which of these is a liability for the bank?
A. Loans given
B. Customer deposits
C. ATM machines
D. Bank buildings
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