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-8 section-3

Who is authorised to issue coins of smaller denomination in India?

A) RBI B) Ministry of Finance C) SBI D) None of the above

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Answer & Solution

Answer: Option B

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What does RBI's 'Rural Branching Mandate' mean to us?

A) All scheduled commercial banks have to open at least 25% of their branches in tier-1 and tier-2 areas B) All scheduled commercial banks need RBI's permission before opening 25% of their branches in tier-1 areas C) All scheduled commercial banks to open at least 25% of their branches in tier 3 to 6 areas D) None of above

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Answer: Option D

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A type of insurance that combines protection with investment plan is called

A) whole life B) limited pay C) universal D) endowment

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Answer: Option C

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Which of the following factor(s) aid in financial inclusion?
1. That under National optical fibre network, government plans to connect all Gram Panchayats with internet connection.
2. That Mobile penetration is increasing on routine basis in rural areas.
3. That as per Census 2011, India's working age population (15-64 years) is more than 60%.

A) 1 and 2 B) 1 and 3 C) 2 and 3 D) All of above

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Answer & Solution

Answer: Option B

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Which of the following is an autonomous body set up by the Government of India to develop and regulate the pension market in India?

A) SEBI B) FMC C) PFRDA D) RBI

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Answer & Solution

Answer: Option C

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What will be the effect of reduction in statutory liquidity ratio of banks by the central bank?

A) Government will be able to take more loan from banks than before B) Government will be able to sell more debentures to banks than before C) Private sector will be able to get less credit from banks than before D) Government will be able to sell fewer securities to banks than before

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Answer & Solution

Answer: Option B

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Where is the headquarters of SIDBI located?

A) Nagpur B) Pune C) Lucknow D) Mumbai

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Answer & Solution

Answer: Option C

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Reserve Bank of India issues all types of currency in India, but it does not issue which type of currency?

A) One rupee note B) One thousand rupee note C) Five rupee note D) Ten rupee note

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Answer & Solution

Answer: Option A

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Which of the following statement is not correct regarding Basel III implementation in India?

A) Minimum tier 1 capital ratio should be 8% B) Maximum tier 2 capital should be 2% C) Minimum total capital ratio should be 9% D) Minimum total capital plus capital conservation buffer should be 11.5%

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Answer: Option A

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Which among the following is NOT a correct statement?

A) The Reserve Bank of India worked as Central Bank of Burma till April 1947 B) The Reserve Bank of India worked as Central Bank of Pakistan till June 1948 C) The Reserve Bank of India worked as Central Bank of Bangladesh from January 1972 to December 1975 D) The Reserve Bank of India commenced its operations on 1^st April 1935

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Answer & Solution

Answer: Option C

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