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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-9 section-1

Each section contains 100 MCQs on Banking and Financial Institutions .
81
Which committee suggested the re-opening up of the insurance sector to private players?
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Answer & Solution
Answer: Option B
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82
The Head Office of Reserve Bank of India is situated at
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Answer & Solution
Answer: Option C
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83
To operationalise online, internet, mobile banking, debit card and credit card tools, some of the essential ingredients are
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Answer & Solution
Answer: Option D
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84
Match the items of List I with the items of List II:
List I List II
a. Relationship banking 1. Dealing in hundis and acceptance of deposits
b. Merchant banking 2. Widening the entrepreneurial base and assist in a rapid rate of industrial growth
c. Indigenous banking 3. Engaged in the business of issue management
d. Development banking 4. Creating, maintaining and enhancing strong relationship with customers
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Answer & Solution
Answer: Option C
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85
The main role of an underwriter in a non-life insurance company is normally to
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Answer & Solution
Answer: Option A
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86
The largest financial conglomerate of India is:
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Answer & Solution
Answer: Option D
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87
The headquarter of Asian Development Bank is situated in
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Answer & Solution
Answer: Option C
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88
Which one of the following banks currently ranks number one in India in terms of market capitalisation?
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Answer & Solution
Answer: Option A
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89
Banking on telephone service includes
1. Automatic balance voice out
2. Inquiry all term deposit account
3. Direct cash withdrawal
4. Utility bill payment
5. Voice out last five transactions
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Answer & Solution
Answer: Option B
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90
When RBI grants loan to commercial banks and charges interest on it, it is called :
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Answer & Solution
Answer: Option D
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