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-9

Each section contains 100 MCQs on Banking and Financial Institutions .

By devaluation we mean:

A) A fall in the domestic value of a currency B) A fall in the external value of a currency caused by the market forces C) A fall in the external value of a currency caused by Government action D) None of the above

Discuss

Answer & Solution

Answer: Option C

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

Which among the following is NOT true about BASEL?

A) Initially it was named as Committee of Banking Regulations and Supervisory Practices (CBRS) B) BASEL was established by the Central Bank Governors of fifteen countries C) It was established by the end of 1974 D) Disturbances in international currency and banking markets were responsible for its establishment

Discuss

Answer & Solution

Answer: Option B

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

The Indian Banking Regulation Act was passed

A) 1971 B) 1969 C) 1949 D) 1947

Discuss

Answer & Solution

Answer: Option C

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

With reference to digital system, which of the following statements is correct?

A) The payer and the payee both use electronic mediums to exchange money B) It takes place in the premises of a bank C) It requires cheque book D) It needs credit card

Discuss

Answer & Solution

Answer: Option A

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

The insurance companies collect a fixed amount from its customers at a fixed interval of time, what is it called?

A) Premium B) EMI C) Contribution D) Instalment

Discuss

Answer & Solution

Answer: Option A

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

Which of the following are the functions of the central bank?

A) Issue of note currency B) Credit control C) Control on commercial banks D) All of these

Discuss

Answer & Solution

Answer: Option D

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

As per Basel III, the risk of losses in on-balance sheet and off-balance sheet positions arising from movements in market prices is called:

A) Credit risk B) Market risk C) Pricing risk D) Liquidity risk

Discuss

Answer & Solution

Answer: Option B

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

Open market operations, one of the measures taken by RBI in order to control credit expansion in the economy means as

A) sale or purchase of government securities B) issuance of different types of bonds C) auction of gold D) None of the above

Discuss

Answer & Solution

Answer: Option A

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

Who is the custodian of monetary reserves in India?

A) SBI B) SIDBI C) NABARD D) RBI

Discuss

Answer & Solution

Answer: Option D

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

100

To operationalise online, internet, mobile banking, debit card and credit card tools, some of the essential ingredients are:

A) Compliance with the Information Technology Act 2000 B) Satellite connection C) Selection of a portal and server D) All of the above

Discuss

Answer & Solution

Answer: Option D

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