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

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-4

Each section contains 100 MCQs on Banking and Financial Institutions .
91
A contract that pledges payment of an agreed amount to the person on the happening of an event covered against, is technically known as
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Answer & Solution
Answer: Option A
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92
A bank is called as a Scheduled Bank when
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Answer: Option C
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93
Bank deposit refers to
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Answer: Option D
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94
Government policy to raise income by additional taxes and allocation of expenditure is called:
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Answer: Option D
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95
Which of the following methods help in the risk management?
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Answer: Option D
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96
The World Trade Organization (WTO) formally commenced work
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Answer: Option C
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97
The commercial banks do not perform one function out of the following
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Answer: Option C
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98
The amount of money an insurance policy guarantees to pay before any bonuses are added is known as
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Answer: Option A
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99
With reference to non-banking financial companies (NBFCs) in India, which of the following statement/s is/are correct?
1. They can offer any rate of interest subject to their financial capacity.
2. They cannot accept deposits repayable on demand.
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Answer: Option B
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100
Which of the factors of production is most perishable?
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Answer: Option B
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