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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-7

Each section contains 100 MCQs on Banking and Financial Institutions .
61
Who can nominate members on the governing body of a recognised stock exchange?
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Answer & Solution
Answer: Option A
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62
The idea behind a capital adequacy ratio is that banking risk should be borne by
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Answer & Solution
Answer: Option B
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63
Which of the following category/s RBI has decided to merge NBFCs into a single category to provide greater operational flexibility to non-banking lenders?
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Answer & Solution
Answer: Option D
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64
Which of the following statements are true in context of Budget 2021-22 for the consolidation in the banking and insurance sector?
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Answer & Solution
Answer: Option D
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65
The most important work of RBI is
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Answer & Solution
Answer: Option C
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66
Which of the following can be described as the important functions of financial system?
1. It enables the pooling of funds for setting up large scale enterprises.
2. It provides a way for managing risk and uncertainry.
3. It provides a mechanism for spatial and temporal transfer of resources.
4. It generates information that helps in coordinating decentralized decision-making.
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Answer & Solution
Answer: Option D
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67
Which of the following is the best description of what insurance is?
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Answer & Solution
Answer: Option B
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68
Who suggested the Agua (Lead) bank scheme?
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Answer & Solution
Answer: Option A
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69
Packing credit facility to exporters is provided by.
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Answer & Solution
Answer: Option B
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70
The first Indian RRB that achieved Core Banking Solution (CBS) in 2011 is:
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Answer & Solution
Answer: Option B
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