Banking and Financial Institutions MCQ Questions and Solutions with Explanations

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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-5

Each section contains 100 MCQs on Banking and Financial Institutions .

Which one of the following statement is incorrect?

A) The National Securities Depository Limited (NSDL) is the institute, which is built by IDBI B) Insurance is the collective bearing of risk C) LIC was founded in 1956 D) The IFCI is the first universal bank in India

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Which of the following function is not performed by Reserve Bank of India?

A) Issue of currency notes B) Credit control C) To accept deposits on interest from public D) Foreign Exchange Management and control

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Match the following items of List-I with the items of List-II.

List-I	List-II
a. Pension scheme	1. Health Care for family
b. Personal security	2. Severance Pay
c. Financial assistance	3. Provident Fund
d. Allowance	4. Transport Allowance

A) a-3, b-1, c-2, d-4 B) a-4, b-2, c-3, d-1 C) a-4, b-3, c-2, d-1 D) a-3, b-4, c-2, d-1

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Which of the following term/s is/are facilities of the industry is given by DFls?

A) Bridge Loans B) Equity Assistance C) Exposure Norms D) All of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Non-performing loans are also known as:

A) Unpaid loans B) Overdues C) Bad loans D) Collateralised loans

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Head office of industrial financial corporation of India is situated in

A) Delhi B) Kolkata C) Madras D) Mumbai

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Banker's right of set off can be exercised on receipt of:

A) Income Tax Attachment Order B) Garnishee Order C) Both A and B D) None of the above

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Which of the following bodies tightened the norms for foreign exchange risk cover in India mentioning that only companies with a net worth of Rs. 200 crore can use derivatives to hedge against risk of volatility in currency rates?

A) IMF B) SEBI C) Reserve Bank of India D) Union Ministry of Finance

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

SEBI has to be responsive to the needs of which of the following?

A) The Investors B) The Issuers of Securities C) The Market Intermediaries D) All of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Drawing accepting, making or issuing of any promissory note, hundi or bill of exchange expressed to be payable to bearer on demand by a person other than the Reserve Bank of India or the Central Government is prohibited under?

A) Banking Regulation Act, 1949 B) Section 31 (1) of RBI Act, 1934 C) Indian Contract Act, 1872 D) None of the above

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

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