Banking and Financial Institutions MCQ Questions and Solutions with Explanations

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-5

Which of the statements given below is/are correct regarding "bear market"?
1. It refers to fall in the value of investments
2. Investors rush to buy stocks instead of selling
3. Unemployment levels may rise

A) 1 only B) 2 and 3 only C) 1 and 3 only D) 1, 2 and 3

Discuss

Answer & Solution

Answer: Option C

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What is the basis of risk?

A) liability B) uncertainty C) possibility of loss D) insurance

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Answer & Solution

Answer: Option C

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Which one of the following sources of domestic funds are raised by Companies?
1. IPO only
2. FPO only
3. Commercial papers

A) All 1, 2 and 3 B) Only 1 and 3 C) Only 1 D) Only 3

Discuss

Answer & Solution

Answer: Option A

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Is there any difference between currency forwards and futures markets?

A) No, both deal with future delivery of foreign exchange B) No, both markets can be availed of through the internet C) Yes, only a limited number of currencies are traded in the futures market and that also in standardized amounts D) No, if one agrees on the date of delivery and brokerage, it is immaterial which of the markets one is talking of

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Answer & Solution

Answer: Option C

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As per KYC Policy, the list of terrorist organizations is supplied to the Banks by the:

A) Government of India B) CIBIL C) IBA D) RBI

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Answer & Solution

Answer: Option D

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How many types of Guaranteed Minimum pension available under APY?

A) 3 B) 4 C) 5 D) 2

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Answer & Solution

Answer: Option C

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When is a financial activity considered as the principal business of any entity?

A) Financial assets constitute more than 50 percent of the total assets B) Income from financial assets constitute more than 50 percent of the gross income C) Income from financial assets constitute more than 40 percent of the gross income D) Both A and B

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Answer & Solution

Answer: Option D

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Which one among the following has not started Commercial Banking?

A) SIDBI B) IDBI C) ICICI D) UTI

Discuss

Answer & Solution

Answer: Option A

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. . . . . . . . acquired United Western Bank in a rescue in 2006.

A) ICICI B) IDBI C) AXIS Bank D) SBI

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Answer & Solution

Answer: Option B

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Which of the following statement/s is/are correct according to NPS?
1. The age limit to invest in this scheme until 60 years.
2. There is no upper limit.
3. The money will be invested in debt and equity funds based on preference.
4. The returns depend on the performance of the funds.
5. When we retire, we can withdraw 60% of the savings.

A) 1, 2, 3 and 4 B) 3, 4 and 5 C) 4 and 5 D) All of the above

Discuss

Answer & Solution

Answer: Option D

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