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-8 section-8

Each section contains 100 MCQs on Banking and Financial Institutions .

Lot of banks in India, these days are offering M-Banking facility to their customers. What is the full form of 'M' in 'M-Banking'?

A) Money B) Mobile Phone C) Marginal D) Message

Discuss

Answer & Solution

Answer: Option D

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

The largest bank in India is

A) Central Bank of India B) State Bank of India C) Bank of Baroda D) Indian Overseas Bank

Discuss

Answer & Solution

Answer: Option B

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

Branches receive Potential Linked Plan through:

A) Block Level Banker's Committee B) State Level Banker's Committee C) District Consultative Committee D) Lead Bank Department

Discuss

Answer & Solution

Answer: Option A

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

Which of the following expressions amount to the import restriction measures?
(i) Currency control
(ii) Establishment of EPZs
(iii) Tariff cuts
(iv) Imposition of tariffs
(v) Imposition of non-tariff barriers

A) (i), (ii) and (iii) B) (i), (iv) and (v) C) (iii), (iv) and (v) D) (ii), (iii) and (v)

Discuss

Answer & Solution

Answer: Option B

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

The system of note issue adopted by RBI is

A) Proportional reserve method B) Minimum reserve method C) Partly Proportional reserve method and Partly Minimum reserve method D) None of these

Discuss

Answer & Solution

Answer: Option B

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

Short-term deposits by mutual funds can only be placed with

A) public sector banks B) scheduled banks C) public sector banks or cooperative banks D) cooperative banks

Discuss

Answer & Solution

Answer: Option B

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

Which document is not considered in 'KYC' norms?

A) Driving License B) PAN card C) Pension payment order D) Bill of Exchange

Discuss

Answer & Solution

Answer: Option D

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

When was the Industrial Finance Corporation of India setup in India?

A) 1945 B) 1948 C) 1951 D) 1991

Discuss

Answer & Solution

Answer: Option B

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

When the value of the metal of a coin is less than its face value, it is said to be

A) Standard currency B) Representative currency C) Fiat currency D) Letter currency

Discuss

Answer & Solution

Answer: Option B

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

Match the following.

List-I	List-II
a. Hawala	1. Clearing of cheques
b. RBI	2. Illegal transactions of foreign exchange
c. SEBI	3. Regulator body
d. Commercial Bank	4. Central Bank

A) a-1, b-3, c-2, d-4 B) a-2, b-3, c-4, d-1 C) a-3, b-2, c-1, d-4 D) a-1, b-2, c-3, d-4

Discuss

Answer & Solution

Answer: Option B

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