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-6 section-2
Each section contains 100 MCQs on
Banking and Financial Institutions .
Assertion (A) "The problem of rural credit is not primarily one of rural credit, it may be said to be one of rural minded credit." Reason (R) The Indian economy has yet to come out of rural mentality.
Which of the following statements are true?
1. RBI follows Minimum Reserve System for issuing paper currency note.
2. Under Section 22 of the RBI Act, the RBI issues notes.
3. The bill which does not require any acceptance is called Promissory Note.
4. Bank deposit is a non-marketable security.
