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-7 section-10

Each section contains 100 MCQs on Banking and Financial Institutions .

One of the items is not related with e-banking:

A) Demand Draft B) SPNS C) ECS D) ATM

Discuss

Answer & Solution

Answer: Option A

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

Deposits under NRE/FCNB accounts are linked to:

A) Base Rate B) SIBOR C) LIBOR D) None of these

Discuss

Answer & Solution

Answer: Option C

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

Which of the following is not the fund based business of commercial banks?

A) DP Operations B) Loans C) Deposits D) Discounting of Bills

Discuss

Answer & Solution

Answer: Option A

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

An investor owns one thousand shares of Reliance. Around budget time, he gets uncomfortable with the price movements. One contract on Reliance is equivalent to 100 shares. Which of the following will give him the hedge he desires?

A) Buy 5 Reliance futures contracts B) Sell 10 Reliance futures contracts C) Sell 5 Reliance futures contracts D) Buy 10 Reliance futures contracts

Discuss

Answer & Solution

Answer: Option B

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

Who said, "Money consists of those things which within a society, are of general acceptability"?

A) Marshal B) Keynes C) Crowther D) Ely

Discuss

Answer & Solution

Answer: Option D

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

Which of the following is not true about Payments Bank?

A) Payments bank can issue ATM/debit cards but not credit cards B) Initial capital required for a Payments Bank is Rs. 100 crore C) Payments Bank must maintain Cash Reserve Ration (CRR) as decided by RBI D) Payments Bank can give a loan of up to only Rs. 1 lakh

Discuss

Answer & Solution

Answer: Option D

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

Value of money refers to

A) Gold purchased by money B) General purchasing power of money C) Demand for money D) Value intrinsic in money

Discuss

Answer & Solution

Answer: Option B

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

BRICS Bank is based on

A) Shanghai B) Hongkong C) Johannesburg D) Brazil

Discuss

Answer & Solution

Answer: Option A

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

To revitalize RRBs, the Central Government has taken some significant steps. One of these is not such a step:

A) made SARFAESI Act applicable to RRBs B) permitted RRBs to accept NRI deposits C) permitted RRBs for Branch Expansion D) RRBs can undertake Insurance Business

Discuss

Answer & Solution

Answer: Option D

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

E-banking is synonymous with

A) tele banking B) internet banking C) euro banking D) None of these

Discuss

Answer & Solution

Answer: Option A

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