Banking and Financial Institutions MCQ Questions and Solutions with Explanations

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Banking and Financial Institutions MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Banking and Financial Institutions MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-10 section-3

Each section contains 100 MCQs on Banking and Financial Institutions .

According to traditional approach of money in normal sense includes

A) Currency B) Currency and demand deposits C) Currency and bank deposits D) All liquid assets

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Which of the following banks launched country's first automated teller machine (ATM) which can be operated independently by a visually impaired person, known as 'Talking ATM'?

A) State Bank of India B) Union Bank of India C) Bank of Baroda D) Bank of India

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

In stock exchange operations, when the speculator buys the right to sell a certain number of shares on an agreed amount at a specified time it is known as

A) no option B) put option C) call option D) double option

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Export - Import (EXIM) bank of India was set up on.

A) 1^st January, 1982 B) 1^st April, 1991 C) 1^st March, 1970 D) 1^st July, 1987

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Which of the following statement is not true with respect to wilful defaulter?

A) Financially capable to repay and yet does not do so B) One who diverts the funds for purposes other than the fund was availed for C) With whom funds are not available in the form of assets as funds have been siphoned off D) All are true

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

As per RBI guidelines, the RRBs have to provide the minimum of which of the following per cent of their total credit under priority sector lending?

A) 50% B) 60% C) 75% D) 80%

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Which one is not under the three pillars of BASELI II norms in banking industry?

A) Market Discipline B) Minimum Capital Requirement C) Risk oriented Supervision D) Supervisory Review Process

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Gresham's law operates when

A) When there is a developed banking system B) The people have full faith in the government C) When it is transient D) The demand for money is dominated by the supply

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Which of the following is not the plastic money?

A) Smart Card B) Cheque C) Debit Card D) Credit Card

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

100

Which one of the following statement is incorrect?

A) A bank interacts directly with customers, but NBFI interacts with banks and governments B) Credit creation is one of the primary functions of commercial bank in India C) Banks generally grant long-term loans to industries D) To purchase and sell securities is also one of the function of scheduled bank

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

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Banking and Financial Institutions MCQ Questions and Solutions with Explanations | Commerce