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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-8

Each section contains 100 MCQs on Banking and Financial Institutions .
51
Under CDR Mechanism, Category-I CDR System is applicable to accounts classified as under in the books of at least 90% of the creditors (by value):
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
52
When a banking company is placed under moratorium under Section 45 of the Banking (Regulation) Act, 1949, the RBI must prepare a scheme of:
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Answer & Solution
Answer: Option D
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53
Which of the following safeguards are incorporated in Kisan Vikas Patra to prevent money laundering?
1. Upper investment limit is Rs. 10 lakh for an individual.
2. Person has to provide copy of PAN card for investment of Rs. 50,000 or more.
3. Person has to disclose source of income, if investment more than Rs. 10 lakhs.
4. No account can be opened without UID-Aadhar card.
Discuss
Answer & Solution
Answer: Option B
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54
What is true about the Basel Committee on Banking Supervision (BCBS)?
1. BCBS is an Indian National Committee of banking supervisory authority.
2. BCBS was established by a group of 19 nationalized commercial banks.
3. BCBS was established in 1996.
4. It provides a forum for regular cooperation on banking supervisory matters.
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Answer & Solution
Answer: Option D
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55
Which of the following bank motivate the agriculture and rural development
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Answer & Solution
Answer: Option D
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56
Oldest operating general insurance company in India
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Answer & Solution
Answer: Option B
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57
The instrument chosen for enhancement of international liquidity is:
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Answer & Solution
Answer: Option B
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58
Which of the following are the means of marketing new issues of securities?
1. By listing of securities
2. Through jobbers and brokers
3. By private placing of securities
4. Through privileged subscription
Select the correct answer
Discuss
Answer & Solution
Answer: Option D
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59
Which is not an objective of insurance from amongst the following?
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Answer & Solution
Answer: Option B
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60
Interest rate is regulated by
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Answer & Solution
Answer: Option B
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