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-5 section-6

To promote digital transactions, Life Insurance Corporation waive off the convenience fee on all payments to the national insurer, effective from which date?

A) 1^st December 2019 B) 31^st December 2019 C) 1^st March 2020 D) 1^st April 2020

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Answer & Solution

Answer: Option A

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Who works as RBI's agent at places where it has no office of its own?

A) State Bank of India B) Ministry of Finance C) Government of India D) International Monetary Fund

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Answer & Solution

Answer: Option A

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Interest rate futures trading in India is available on

A) 91 days, T-bills B) 10 years, National Government of India Security C) Both A and B D) None of the above

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Answer & Solution

Answer: Option C

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Any country consistently facing balance of payment deficiency can approach:

A) The World Bank B) The Smithsonian Institute C) IMF D) The IMF and the IBRD

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Answer & Solution

Answer: Option C

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When RBI grants loan to commercial banks and charges interest on it, it is called:

A) Repo rate B) Reverse Repo rate C) Marginal Standing Facility D) Bank rate

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Answer & Solution

Answer: Option D

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SIDBI was set up as a subsidiary of IDBI to for which of the following object.

A) Take over the functions of small business financing of IDBI B) Take over the venture capital operations of ICICI C) Reconstruct and rehabilitate the sick and closed industrial units financed by IDBI D) Facilitate, finance and promote India's foreign trade

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Answer & Solution

Answer: Option A

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Consider the following statements.
1. Foreign institutional investors have been allowed to invest in mutual funds.
2. The main objective of SEBI is to protect the investors.
3. Private placement is the route, through which promoter's contribution is mobilised by a public company.
4. RBI lays down the guidelines governing the capital market operation.
Which of the statement(s) given above is/are correct?

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

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Answer & Solution

Answer: Option B

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Computerisation in banks was started mainly on the recommendation of . . . . . . . . Committee.

A) Narasimhan B) Chore C) Rangarajan D) Tandon

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Answer & Solution

Answer: Option C

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Which of the following is known as the 'Third Pillar of Basel II' accord?

A) Minimum capital requirement B) Supervisory review process C) Standard approach D) Market discipline

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Answer & Solution

Answer: Option D

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Which of the following characterises the early stage financial crises?

A) Falling the price of residential properties B) Excessive euphoria about the future price of certain assets C) Excessive pessimism about future assets price D) Stragnating share price

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Answer & Solution

Answer: Option B

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