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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-10

Each section contains 100 MCQs on Banking and Financial Institutions .
21
The National Housing Bank (NHB) was set up in India as a wholly-owned subsidiary of?
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Answer & Solution
Answer: Option A
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22
The expansion for BIFR, in the context of the Indian Industry is:
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Answer & Solution
Answer: Option A
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23
Which of the following statements is incorrect regarding digital and virtual currencies?
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Answer & Solution
Answer: Option B
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24
In which year the ICICI Limited was merged with its subsidiary ICICI Bank as a part of reverse merger exercise to make first Universal Bank in India in 2003?
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Answer & Solution
Answer: Option A
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25
Which of the following is not one of the components of 'International Reserve'?
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Answer & Solution
Answer: Option D
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26
Which bank has introduced 'Prepaid Card' first?
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Answer: Option D
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27
MRTP act relates to:
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Answer & Solution
Answer: Option D
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28
With reference to foreign exchange rate theory, which of the following statement is/are correct?
(1) Mint Parity theory is applicable in inconvertible paper currency standard.
(2) Balance of Payment theory was propounded by Prof. Gustav Cassel.
Select the correct answer
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Answer & Solution
Answer: Option D
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29
The founder of E-commerce company flipkart is
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Answer & Solution
Answer: Option A
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30
With reference to green bonds in India, consider the following statements:
1. Green bond is a debt instrument issued for renewable as well as non-renewable energy projects.
2. Both public and private sector banks can issue such bonds.
3. It is a low-risk bond as repayment is tied to the issuer rather than success of the project.
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Answer & Solution
Answer: Option B
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