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-10

Which type of insurance covers damage or injury caused by a vehicle with no liability insurance coverage?

A) Comprehensive insurance B) Uninsured motorists insurance C) Public liability insurance D) No-fault automobile insurance

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Answer & Solution

Answer: Option B

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In India, the Commercial banks are given license of operation by

A) The Government of India B) The Ministry of Finance C) Reserve Bank of India D) Banking Companies Regulation Act, 1949

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Answer & Solution

Answer: Option C

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In general, Export incentives are permitted within the regulatory framework of:

A) O.E.C.D. B) U.N.C.T.A.D. C) I.M.F. D) W.T.O.

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Answer & Solution

Answer: Option D

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Which one of the following best supports the theory that the stock exchange is a secondary market? In a stock exchange

A) securities are bought and sold by way of transfer B) an existing holder of securities can dispose of the holdings to another investor who intends to buy them C) no new investment is created D) securities are dealt in for dual purposes investment and speculation

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Answer & Solution

Answer: Option B

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Verification and upload of client details has to be done on SEBI website every

A) one week B) two week C) 15 days D) None of these

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Answer & Solution

Answer: Option D

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During the depression, it is advisable to

A) lower bank rate and purchase securities in the open market B) increase bank rate and purchase securities in the open market C) decrease bank rate and sell securities in the open market D) increase bank rate and sell securities in the open market

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Answer & Solution

Answer: Option A

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The Repo and Reverse Repo rates are resorted by the RBI as a tool of

A) Credit Control B) Settlement Systems C) Currency Management D) Liquidity Control

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Answer & Solution

Answer: Option D

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The difference between a bank and a non-banking financial companies (NBFCs) is that:

A) a bank interacts directly with customers, while an NBFI interacts with banks and governments B) a bank indulges in a number of activities relating to finance with a range of customers, while an NBFI is mainly concerned with the finances of foreign companies C) a bank deals with both internal and international customers, while an NBFI is mainly concerned with the finances of foreign companies D) a bank's main interest is to help in business transactions and savings/investment activities, while an NBFI's main interest is the stabilization of currency

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Answer & Solution

Answer: Option B

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Under Quantity Theory of Money, which one of the following equations was given by Fisher?

A) M = KY + K'A B) PT = MV + M'V' C) M = PKR D) n = p(k + rk')

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Answer: Option B

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. . . . . . . . regulates Regional Rural banks in India.

A) SBI B) PNB C) NABARD D) IDBI

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Answer & Solution

Answer: Option C

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