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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-6

Each section contains 100 MCQs on Banking and Financial Institutions .
31
Match the items of List-I with those List-II and select correct answer:
List-I List-II
a. Narasimham Committee 1. Lending under consortium arrangement
b. Shetty Committee 2. Frauds and Malpractices in banks
c. Ghosh Committee 3. Securities operations of banks and financial institutions
d. Janakiraman 4. Financial system in India Committee
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
32
Bank of banks in India is
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
33
"Money is what money does." Who said this?
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
34
Which of the following is not automatically helped by Financial inclusion?
1. Turning savings into investment
2. Reducing current account deficit
3. Decreasing inflation
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
35
Which of the following is an independent professional appointed by an insurance company to assess the loss or damage when a claim is notified under a policy issued by them?
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
36
Under Section of the Income Tax Act can be claimed for APY2
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
37
With a view to encourage newer classes of entrepreneurs and bringing about wider dispersal of ownership and control of industrial undertakings, IDBI operates a special scheme for supplementing the equity contribution to projects made by small and new entrepreneurs, This scheme is known as:
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
38
One of the major challenges, banking industry is facing these days is money laundering. Which of the following acts/norms are launched by the banks to prevent money laundering in general?
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
39
Which of the following is indicated by security sigma that is linked with the security computed as at the end of the previous trading day?
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
40
The profitability of public-sector banks is low due to
(i) Over-cautions approach to lending
(ii) Reserve Bank Policies
(iii) High Overhead Costs
(iv) Social-sector lending
Identify the correct option:
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board