Banking and Financial Institutions MCQ Questions and Solutions with Explanations

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-4 section-1

Head Office of the Asian Development Bank located in:

A) Jakarta B) Manila C) Nairobi D) Tokyo

Discuss

Answer & Solution

Answer: Option B

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The profitability of public sector banks is low due to
1. Over-cautions approach to lending
2. Reserve Bank policies
3. High overhead costs
4. Social sector lending

A) Both 1 and 2 B) Both 1 and 4 C) 1, 3 and 4 D) Both 2 and 3

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Answer & Solution

Answer: Option C

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Which among the following is not associated with NABARD?
1. NIEAF
2. BIR
3. RIDF
4. SHPI
Select the correct answer:

A) Only 1 B) Only 2 C) Both 2 and 3 D) None of these

Discuss

Answer & Solution

Answer: Option D

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Which one is not related with legal environment of business in India?

A) MRTP B) FERA C) Factories Act 1948 D) RBI

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Answer & Solution

Answer: Option D

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Which of the following statement/s is/are true about Reserve Bank of India?

A) RBI was established on 1^st April 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934 B) The Central Office of RBI was initially established in Kolkata but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated C) Though originally privately owned, since nationalization on 1^st January 1949, RBI is fully owned by the Government of India D) All of the above

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Answer & Solution

Answer: Option D

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When banks invest their deposit accruals in Government securities, it is called:

A) Asset Securitization B) Hedging C) Narrow Banking D) Forfeiting

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Answer & Solution

Answer: Option C

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Capital Adequacy Norms declared in the year, 1996, is applicable to

A) Foreign Banks B) Co-operative Banks C) Private Sector Banks D) Nationalized Bank

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Answer & Solution

Answer: Option D

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Remittance under the Guarantee Bond Scheme can be accepted from:

A) Only Associated Banks B) Only Nationalized Banks C) Only Foreign Banks D) All Scheduled Banks and Co-operative Banks

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Answer & Solution

Answer: Option D

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Skimming' in e-banking is a method of

A) Converting debit card into credit card B) Transferring cash from one account to another account C) Stealing credit card information D) Intimating the customer about his-heavy with drawals

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Answer & Solution

Answer: Option C

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Match the following items of List-I with the items of List-II and and indicate the correct matching.

List-I (Name of Organisation)	List-II (year of Establishment)
a. IDBI	1. 1956
b. ICICI	2. 1955
c. LIC of India	3. 1990
d. SIDBI	4. 1964

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

Discuss

Answer & Solution

Answer: Option C

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