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-6

Each section contains 100 MCQs on Banking and Financial Institutions .

Bank show provision for income tax under the head

A) contingent liabilities B) other liabilities and provisions C) contingent account D) other accounts

Discuss

Answer & Solution

Answer: Option B

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

Which is the oldest bank in existence in India, originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal?

A) State Bank of India B) Punjab National Bank C) Syndicate Bank D) Vijaya Bank

Discuss

Answer & Solution

Answer: Option D

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

Which of the following are the instruments or money market?
1. Call money market
2. Commercial bill market
3. Industrial securities market
4. Short-term loans market
5. Treasury bill market

A) 1, 2, 4, 5 B) 1, 2 and 5 C) 1, 2 and 3 D) 2 and 3

Discuss

Answer & Solution

Answer: Option A

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

In order to control credit and investment, the Central Bank of a country should:

A) sell securities in the open market and hike the Cash Reserve Ratio B) buy securities from the open market and lower the Cash Reserve Ratio C) buy securities from the open market and hike the Cash Reserve Ratio D) sell securities in the open market and lower the Cash Reserve Ratio

Discuss

Answer & Solution

Answer: Option A

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

If bank rate is reduced by RBI, credit creation will be:

A) reduced B) constant C) increased D) None of the above

Discuss

Answer & Solution

Answer: Option C

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

Which international organization helped in setting up of ICICI in 1955?

A) World Bank B) ADB C) IMF D) None of the above

Discuss

Answer & Solution

Answer: Option A

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

Renewal charges for all advance accounts to be recovered on

A) 31^st March of every Financial Year B) 1^st April of every Financial Year C) the date of sanction for renewal D) the date of application for renewal

Discuss

Answer & Solution

Answer: Option C

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

Match the following.

List-I (Institutions)	List-II (Head Offices)
a. RBI	1. New Delhi
b. PNB	2. Mumbai
c. Vijaya Bank	3. Vadodara
d. ICICI	4. Bengaluru

A) a-1, b-2, c-3, d-4 B) a-2, b-4, c-1, d-3 C) a-1, b-2, c-4, d-3 D) a-3, b-2, c-1, d-4

Discuss

Answer & Solution

Answer: Option B

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

What do we mean by regulatory environment?

A) Complying with regulations generally creates a drag on businesses though they are meant for welfare all or certain sections of society B) Regulatory compliance can add costs, slow down processes and restrict expansion C) The individuals can take well informed conscious decisions D) All of the above

Discuss

Answer & Solution

Answer: Option D

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

100

Match the items of List-I with the items of List-II and select a correct option:

List-I	List-II
a. SEBI	1. Exchange for small companies
b. RBI	2. Secondary market in treasury bills
c. STCI	3. Regulation of secondary market
d. OTCEI	4. Ad-hoc treasury bills

A) a-3, b-1, c-2, d-4 B) a-3, b-4, c-2, d-1 C) a-3, b-4, c-1, d-2 D) a-2, b-3, c-1, d-4

Discuss

Answer & Solution

Answer: Option B

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