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-7

Which committee reviewed the financial position of all RRBs in 2010 and recommended for recapitalization?

A) Chakrabarty Committee B) Nayak Committee C) Dr. Vyas Committee D) Srinivasan Committee

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Answer & Solution

Answer: Option A

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If the reserve bank want to increase the liquid currency with commercial banks, it should

A) Release the gold from its own corpus B) Government bonds should be bought in the open market C) Transactions relating to bill of exchange should be stopped D) Cash reserve ratio should be increased

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Answer & Solution

Answer: Option B

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Which one of the following statements is false?

A) IFC was established in July 1956 B) IFC encourages the growth and development of Public Sector Enterprises in member countries C) IFC is an affiliate of the World Bank D) IFC encourages the growth of productive private enterprises in member countries

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Answer & Solution

Answer: Option B

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At which one of the following rate, the central bank lends to banks against government securities?

A) Repo rate B) Reverse repo rate C) Bank rate D) SLR

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Answer & Solution

Answer: Option A

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Closed Economy is one in which:

A) only export takes place B) money supply is fully controlled C) deficit financing takes place D) neither export nor import takes place

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Answer & Solution

Answer: Option D

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Sishu, Kishor and Tarun are the schemes of:

A) Regional rural banks B) Micro Units Development and Refinance Agency Ltd (MUDRA) C) Small Industries Development Banks of India D) Industrial Development Bank of India

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Answer & Solution

Answer: Option B

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Which option is an option that would lead to a zero cash flow to the holder if it were exercised immediately?

A) In the money B) At the money C) Out of the money D) Put the money

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Answer & Solution

Answer: Option B

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How many letters and digits are there in IFSC?

A) 7 B) 10 C) 13 D) 11

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Answer & Solution

Answer: Option D

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Which of the following is not true about Small Finance Bank?

A) Maximum loan size to a single person cannot exceed 10% of total capital funds; cannot exceed 15% in the case of a group B) At least 50% of its loans should constitute loans and advances of up to 25 lakhs C) Minimum paid-up equity capital requirement of Small Finance Banks is Rs. 100 crores D) They can set up subsidiaries to undertake non-banking financial service activities

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Answer & Solution

Answer: Option D

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Which of the following is a voluntary termination of the contract by the policy holders?

A) Report B) Surrender C) Prospectus D) Cover note

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Answer & Solution

Answer: Option B

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