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-9

If a currency note is demonetized, it takes away the . . . . . . . . of that currency.

A) legal tender character B) exchange rate C) value D) None of these

Discuss

Answer & Solution

Answer: Option A

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

The first Mutual Fund Scheme in India was introduced by

A) Government of India B) Reserve Bank of India C) Unit Trust of India D) State Bank of India

Discuss

Answer & Solution

Answer: Option C

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

Which one of the following statements is not correct?

A) The National Association of Securities Dealers Automated Quotations, known as NASDAQ, is an American stock exchange B) Nikkei is the stock market of index for the Tokyo Stock Exchange C) S&P CNX Nifty is the index of 50 large companies on the Bombay Stock Exchange D) Hang Seng Index record daily changes of the largest companies of the Hong Kong Stock Market

Discuss

Answer & Solution

Answer: Option C

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

Match the List-I with List-II relating to Social Security measures in India.

List-I	List-II
a. Social Assistance	1. Payable to workers in accidents & injuries during employment
b. Social Insurance	2. Covers individual risks primarily
c. Commercial Insurance	3. Maternity benefits
d. Workmen's Compensation	4. Provident Funds

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

Discuss

Answer & Solution

Answer: Option A

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

Match the following.

List-I	List-II
a. Monetary policy	1. Instrument for regulation of money and credit
b. Bank rate	2. Instrument of fiscal policy
c. Taxation policy	3. Instrument of monetary policy
d. Repo rate	4. Quantitative instrument of monetary policy

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

Discuss

Answer & Solution

Answer: Option A

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

Assertion (A) The Reserve Bank of India is entrusted with the management of the public debt and issue of new loans and treasury bills on behalf of the Central and State Governments.
Reason (R) The Governor and the Deputy Governors of Reserve Bank of India are appointed by the Central Government.

A) (A) is correct, but (R) is not correct B) (A) and (R) are correct, but (R) is not the right explanation of (A) C) (A) and (R) both are correct and (R) is the right explanation of (A) D) (A) and (R) both are not correct

Discuss

Answer & Solution

Answer: Option B

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

With reference to financial sector regulators, consider the following statements:
1. PFRDA deals with pension funds, which are not invested in stock exchanges
2. Commodity markets are subject to jurisdiction of SEBI
3. NBFCs are also subject to jurisdiction of SEBI

A) 2 only B) 2 and 3 only C) 1 and 3 only D) 1, 2 and 3

Discuss

Answer & Solution

Answer: Option A

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

The minimum and maximum court fee that is required to be paid for filing a suit in a Debt Recovery Tribunal is:

A) Rs. 5,000; Rs. 1,00,000 B) Rs. 10,000; Rs. 1,00,000 C) Rs. 12,000; Rs. 1,50,000 D) Rs. 12,000; no ceiling

Discuss

Answer & Solution

Answer: Option C

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

SIDBI was set up in . . . . . . . . as a wholly owned subsidiary of . . . . . . . .

A) 1985, EXIM B) 1969, RRBS C) 1975, IFCI D) 1990, IDBI

Discuss

Answer & Solution

Answer: Option D

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

Which of the following is not a well-known agency for long-term loans for industries:

A) IDBI B) IMF C) IFCI D) SFCS

Discuss

Answer & Solution

Answer: Option B

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