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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-3 section-1

Each section contains 100 MCQs on Banking and Financial Institutions .
21
Which of the following is the Regulatory Authority of RRBs?
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Answer & Solution
Answer: Option A
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22
The profitability of public-sector banks is low due to:
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Answer: Option C
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23
Which of the following are the forms of e-banking?
1. Internet Banking
2. Telephone Banking
3. Electronic Cheque Conversion
4. Electronic Bill Payment
5. Direct Fund Transfer Through RTGS
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Answer & Solution
Answer: Option D
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24
Banking Ombudsman Scheme is applicable to the business of:
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Answer: Option B
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25
Match the items of List I with List II and denote the correct matching.
List-I List-II
a. International Bank for Reconstruction and Development 1. 1945
b. International Finance Corporation 2. 1956
c. Asian Development Bank 3. 1966
d. Export-Import Bank of India 4. 1981
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Answer & Solution
Answer: Option A
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26
Which of the following was the parent company of New India Insurance?
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Answer: Option B
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27
Largest life insurance companyin India is
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Answer: Option B
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28
Life Insurance Corporation of India was nationalized in-
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Answer: Option B
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29
E-banking business is essentially regulated by the Information Technology Act, 2000, under which personal signature is replaced by
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Answer & Solution
Answer: Option A
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30
The word "Banks" is derived from the Italian word "Banco" which means
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Answer & Solution
Answer: Option D
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