Banking and Financial Institutions MCQ Questions and Solutions with Explanations

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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-3

Each section contains 100 MCQs on Banking and Financial Institutions .

A bearer bond is:

A) an instrument evidencing a debt in the name of the holder B) an instrument of loan issued by scheduled commercial bank C) an instrument stating that the bearer thereof is entitled to receive payment of a certain sum on the maturity date as per the terms of the particular loan for which the bond is issued D) All of the above

Discuss

Answer & Solution

Answer: Option C

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

National Income of India is estimated by:

A) Central Estimates Survey Committee B) National Sample Survey Committee C) Central Statistical Organization D) Finance Ministry

Discuss

Answer & Solution

Answer: Option C

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

The bank rate means

A) rate at which RBI purchases or rediscounts bills of exchange of commercial banks B) rate of interest allowed by commercial banks on their deposits C) rate of interest charged by commercial banks from borrowers D) rate of interest at which commercial banks discounted bills of their borrowers

Discuss

Answer & Solution

Answer: Option A

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

Currency Swaps are:

A) common currency transactions involving borrowing and lending B) currency loans from a foreign country C) back-to-back loan D) None of the above

Discuss

Answer & Solution

Answer: Option D

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

Call money rate is applicable for a very short period to:

A) Interbank advances B) Bank to Reserve Bank advances C) Reserve Bank to Bank advances D) Commercial Banks to Industrial Banks advances

Discuss

Answer & Solution

Answer: Option A

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

Match the following items of List-I with the items of List-II:

List-I	List-II
a. IDBI	1. 1956
b. ICICI	2. 1955
c. LIC of India	3. 1990
d. SIDBI	4. 1964

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

Discuss

Answer & Solution

Answer: Option C

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

Earliest known cooperative credit union 'Anyonya Sahakari Mandali' was founded in which year?

A) 1889 B) 1965 C) 1912 D) 1770

Discuss

Answer & Solution

Answer: Option A

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

A . . . . . . . . card is basically a payment mechanism which allows the holder of the card to make purchase without any immediate cash payment.

A) ATM B) credit C) debit D) Kisan credit land

Discuss

Answer & Solution

Answer: Option B

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

The central office of the Life Insurance Corporation of India (LIC) is located to

A) Kolkata B) New Delhi C) Pune D) Mumbai

Discuss

Answer & Solution

Answer: Option D

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

Which of the following is false about NBFCs?

A) NBFCs cannot accept demand deposits B) NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself C) deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs D) NBFCs cannot undertake insurance business

Discuss

Answer & Solution

Answer: Option D

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

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Banking and Financial Institutions MCQ Questions and Solutions with Explanations | Commerce