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-6

Each section contains 100 MCQs on Banking and Financial Institutions .

On which one of the following issues can SEBI penalise any company in India?
1. Violation of Banking Regulation Act.
2. Violation of foreign portfolio investment guidelines.
3. For violation of Negotiable Instruments Act.

A) Only 2 B) Only 1 and 2 C) All 1, 2 and 3 D) Only 1

Discuss

Answer & Solution

Answer: Option A

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

Certificate in respect of an SSI unit is given by:

A) RBI B) Chamber of Commerce C) District Industries Centre D) None of these

Discuss

Answer & Solution

Answer: Option C

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

Pledge means:

A) advance against goods B) hypothecation of goods C) bailment of goods as security for payment of a debt or performance of a promise D) open limits

Discuss

Answer & Solution

Answer: Option C

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

When RBI reduces Statutory Liquidity Ratio by 50 or 100 basis points, which of the following should be outcome?

A) India's GDP growth rate increases drastically B) Foreign Institutional Investors may bring more capital in to our country C) Scheduled Commercial Banks may cut their lending rates D) It may drastically reduce the liquidity to the banking system

Discuss

Answer & Solution

Answer: Option C

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

The fraudulent and unfair trade practices relating to securities market regulation in 2953 was passed to prohibit:

A) insider trading practices B) brokers from illegal trading C) foreign institutional investors in the market D) manipulation of prices and misleading statements

Discuss

Answer & Solution

Answer: Option D

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

A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will:

A) note caution and will advise the payee to contact purchaser of the draft B) not act on the request C) stop payment D) None of the above

Discuss

Answer & Solution

Answer: Option A

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

Which of the following is not a feature of OTCEI?

A) Quick transfer and disposal system B) Nationalized computerized networking C) Ringless trading system D) Fragmentation of regional stock exchanges

Discuss

Answer & Solution

Answer: Option D

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

How schemes such as 'Mahatma Gandhi National Rural Employment Guarantee Scheme' could have stirred up inflationary pressure?

A) By increasing demand B) By increasing rural wage 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

Commercial Papers are secured by:

A) floating charge on stocks B) unsecured loans C) fixed assets D) book-debts

Discuss

Answer & Solution

Answer: Option B

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

Banks generally prefer to extend finances to registered firms only, because:

A) banks will have priority over creditors in case of liquidation of the firm B) the firm can sue the debtors in case of default on their part C) banks can sue the firm in case of default D) the creditors can sue the firm

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