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-2 section-11
Each section contains 100 MCQs on
Banking and Financial Institutions .
What are the salient features of Kisan Vikas Patra?
1. Investment up to Rs. 1.5 lakh, get tax-deduction benefit under IT act.
2. KVPs can be pledged as security-deposit in public sector banks only.
3. KVP Funds can be withdrawn from ATMs using Kisan Credit card.
Registering the nomination or cancellation or change of nomination shall be regarded as important policy holder services as observed by IRDA. Recently it has taken steps regarding this registration that
Consider the following statements.
1. In case of standard assets, provision for NPA must be 25% for all types of standard assets.
2. In case of sub-standard assets, provision for NPA must be 10% for all types of standard assets.
3. In case of doubtful assets, 100% provision is required for unsecured and secured advances.
4. In case of loss assets, 10% of unsecured and 100% of secured advance must be kept as provision for NPAs.
Which of the statement(s) given above is/are correct?
Select the techniques of monetary control adopted by RBI from the following:
1. Cash Reserve Ratio
2. Statutory Liquidity Ratio
3. Bank Rate
4. Foreign Exchange Rate in a full manner
