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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-7 section-4

Each section contains 100 MCQs on Banking and Financial Institutions .
61
The number of RRBs has been decreasing as per recommendations of certain committees. From the number of 196 in 2005, this has reduced to which of the following number as on 31st March, 2020?
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Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
62
Phishing is an attempt to acquire:
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Answer & Solution
Answer: Option B
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63
Under quantitative techniques of credit control following technique is not included
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Answer & Solution
Answer: Option C
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64
Which of the following banks stimulates the agricultural and rural development?
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Answer & Solution
Answer: Option D
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65
Match List-I with List-II choose the answer:
List-I (Committee) List-II (Purpose)
a. Dutt Committee 1. Industrial Licensing
b. Chelliah Committee 2. Tax Reforms
c. Rangrajan Committee 3. Public sector Undertaking Disinvestment
d. Chore Committee 4. Cash Credit system
Discuss
Answer & Solution
Answer: Option A
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66
Match the following.
List-I List-II
a. Selective credit control 1. Consumer credit recusation
b. Encourage credit for desirable use 2. Cash reserve
c. Quantitative credit control 3. Variation in margin
d. Bank rate 4. Rediscounting rate
Discuss
Answer & Solution
Answer: Option B
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67
Which of the following term is used when the extra payment be done for administrative and capital cost?
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Answer & Solution
Answer: Option B
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68
When a drawer draws a cheque without keeping sufficient balance and if the cheque is bounced for insufficient funds, the drawer is punishable with imprisonment which may extend to . . . . . . . . and/or a fine.
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Answer & Solution
Answer: Option B
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69
Which one is not Non-Marketable securities?
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Answer & Solution
Answer: Option A
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70
An instrument by which a pure risk is transferred by a party other than insurer is:
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Answer & Solution
Answer: Option C
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