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-4 section-11

Each section contains 100 MCQs on Banking and Financial Institutions .

Development Financial Institutions are usually helped by government and regulatory bodies. Which of the following instrument/s provided support funding support to them, specifically during initial periods?

A) Lines of credit from RBI B) Statutory Liquidity Ratio bonds 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 one of the following statement is correct?

A) Granting loan to the borrowers is not the main function of a bank B) Bank cannot buy and sell shares and debentures on behalf of customers C) Narasimham Committee recommended making banking structure of the counting three tier D) Banks have the same function as development bank

Discuss

Answer & Solution

Answer: Option C

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

Credit creation is a . . . . . . . . of a bank.

A) primary function B) agency function C) general utility function D) None of these

Discuss

Answer & Solution

Answer: Option A

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

In order to control credit in the country, the RBI may

A) buy securities in the open market B) sell securities in the open market C) reduce CRR D) reduce bank rate

Discuss

Answer & Solution

Answer: Option B

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

When did the National Housing Bank start its operations?

A) July, 1982 B) July, 1988 C) April, 1980 D) March, 1971

Discuss

Answer & Solution

Answer: Option B

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

Every listed company is required to submit to the stock exchange the shareholding pattern of the company on a

A) quarterly basis B) monthly basis C) yearly basis D) half yearly basis

Discuss

Answer & Solution

Answer: Option A

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

Banks lend money by
1. Loan
2. Cash credit
3. Overdraft
4. Discounting of bill
Select the correct answer

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

Discuss

Answer & Solution

Answer: Option D

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

Match the following.

List-I	List-II
a. Bank of Hindustan	1. 1843
b. General Bank of India	2. 1840
c. Bank of Bombay	3. 1786
d. Bank of Madras	4. 1770

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

Discuss

Answer & Solution

Answer: Option A

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

Unsecured exposure will attract the following provision

A) 20% for assets in sub-standard category B) 100% for assets in doubtful and loss category 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 is not a function of a Rural Bank?

A) To accept deposit B) To waive loans C) To grant advances D) To supply inputs to farmers

Discuss

Answer & Solution

Answer: Option D

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