Banking and Financial Institutions MCQ Questions and Solutions with Explanations | Commerce

CRA Stands for:

Inadequate insurance coverage held by a policy holder is known as

(CSAT-Aptirudeat) 8% annual compound interest rate, a Government savings certificate doubles the invested money in approximate 9 years. If finance minister wants to get the money doubled in only 4 years, by approximately what percentage he should increase this scheme's interest rate from its present rate?

Which of the following statements are true in context of Development Financial Institutions (DFls) in few years after economic reforms in 1991?
1. DFls such ICICI, IDBI and IFCI had a huge pile of bad loans.
2. DFls no longer had access to low-cost long-term funds from the government or the central bank to finance large infrastructure projects. They were forced to borrow at higher rates from the market.
3. Banks began financing infrastructure projects, that was actually out of their mandate.
4. RBI established a committee under S. H. Khan for transition of DFIs into universal banks.
5. ICICI Bank and IDBI went for reverse merger in a quest to create Universal Banks.

Which of the following is not true about Mobile Money Identifier (MMID)?

'SWIFT' stands for:

In the process of currency deflation, the rate of inflation:

It has been generally viewed that when an economy grows beyond its potential growth rate, it causes inflation. How does growing faster than the potential rate cause inflation?

Which of the following limits the power of credit creation by Commercial Banks?

The old name of which bank was imperial bank