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-8
Each section contains 100 MCQs on
Banking and Financial Institutions .
Out of the following, which are the schemes of Social Security?
(i) Provident Fund Scheme
(ii) Health Insurance Scheme
(iii) Job Guarantee Scheme
(iv) Maternity Benefit Scheme
(v) Merit Promotion Scheme
(vi) Compulsory and Voluntary Social Insurance Scheme
(vii) Child Insurance Scheme
Which of the following statement/s is/are correct in context of Nachiket Mor Committee?
1. Universal Electronic Bank Account
2. Ubiquitous Access to Payment Services and Deposit Products at Reasonable Charges
3. Sufficient Access to Affordable Formal Credit
4. Universal Access to a Range of Deposit and Investment Products at Reasonable Charges
5. Universal Access to a Range of Insurance and Risk Management Products at Reasonable Charges
6. Right to Suitability
Which of the following are included under representation functions of a bank?
1. Payment of cheques and bills
2. Providing remittance facilities
3. Underwriting of securities
4. Advancing clean credit
5. Allowing overdrafts on current account
6. Purchase and sale of securities
