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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-2

Each section contains 100 MCQs on Banking and Financial Institutions .
31
A loan is considered to be a NPA when it has not been serviced for a period up to:
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
32
'Bank rate' is the rate at which commercial banks
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Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
33
'Eazypay', India's first mobile app for merchants to accept payments on mobile phone through multiple digital modes belongs to which bank?
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Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
34
Which statement is false with reference to dead stocks of a bank?
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Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
35
ATM was first introduced in India by Hongkong and Singapore Banking Corporation (HSBC) in the year
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Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
36
Which of the following factors can be counted for smaller number of foreign banks in India?
1. Differentiated banking
2. Public Sector Lending
3. Wholly owned subsidiaries
4. Longer Gestation Period
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Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
37
What is the full form of NSFR?
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Answer & Solution
Answer: Option C
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38
RBI controls the commercial banks through
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
39
When RBI reduces CRR, it results into
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
40
From which date have all Banks started sharing their ATM free of cost for transactions?
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Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board