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-7 section-2

In which Policy, the insurer agrees to pay the assured or his nominees a specified sum of money on his death or on the maturity of the policy whichever is earlier?

A) Money Back Plan B) Endowment Plans C) Annuity Policy D) Unit-linked insurance plan

Discuss

Answer & Solution

Answer: Option C

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

Which of the following statement is true about the NSE MIBOR polling process?

A) NSE disseminates information about the rates and participants, but not the amount associated with each quote B) NSE does not reveal the identity of the participants, but discloses the rates of each participant C) NSE keeps both participant identity and polled rate confidential D) NSE disseminates information on rates quoted by each participant and the amounts associated with those rates

Discuss

Answer & Solution

Answer: Option C

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

In 1992, the banking sector reforms were introduced as per:

A) C. Rangarajan Committee Report B) M. Narasimham Committee Report C) Suresh Tandulkar Committee Report D) Sukhamoy Chakrabarty Committee Report

Discuss

Answer & Solution

Answer: Option B

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

Which of the following theory determines the value of currency is?

A) Object principle of money B) State principle of money C) Quantitative principle of money D) None of the above

Discuss

Answer & Solution

Answer: Option C

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

"Skimming" in e-banking refers to:

A) Identifying fraudsters copying vital information from credit cards B) Multiple transactions by one credit card C) Conversion of a debit card into credit card D) None of the above

Discuss

Answer & Solution

Answer: Option A

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

What is Call Money?

A) Money borrowed or lent for a day or overnight B) Money borrowed for more than one day but up to 3 days C) Money borrowed for more than one day but up to 7 days D) Money borrowed for more than one day bur up to 14 days

Discuss

Answer & Solution

Answer: Option A

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

International Monetary Fund provides-

A) Emergency loan B) Seasonal loan C) Sustainability loan D) All of these

Discuss

Answer & Solution

Answer: Option A

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

Which bank has become the first foreign bank to open a branch in Israel's diamond exchange?

A) American Express Bank B) Citi Bank C) Standard Chartered Bank D) State Bank of India

Discuss

Answer & Solution

Answer: Option D

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

E-banking business is essentially regulated by the Information Technology Act 2000, under which personal signature is replaced by:

A) Encrypted signature B) Image signature C) Digital signature D) Online signature

Discuss

Answer & Solution

Answer: Option C

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

Which of the following Payments Bank is the first one to start giving its services in India?

A) Paytm Payments Bank B) India Post Payments Bank C) Airtel Payments Bank D) FINO Payments Bank

Discuss

Answer & Solution

Answer: Option C

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