Banking and Financial Institutions MCQ Questions and Solutions with Explanations | Commerce

A. a-1, b-2, c-4, d-3

B. a-3, b-1, c-2, d-4

C. a-4, b-3, c-2, d-1

D. a-3, b-1, c-4, d-2

A. Insurance Company

B. State Government

C. Central Government

D. Government of India

A. New money drives old money out of circulation

B. Good money drives bad money out of circulation

C. Bad money drives good money out of circulation

D. Paper money drives metallic money out of circulation

A. A bank can also exercise the right of set-off in respect of the future or contingent debts

B. Minimum paid-up capital for entry of new private sector banks is Rs. 200 crore

C. Ancillary services are also known as supplementary functions of a commercial banks

D. Provisions of Banking Regulation Act are not applicable to cooperative banks

A. Banking Regulation Act 1949

B. The Bankers' Books Evidence Act-1891

C. Cooperative Societies Act, 1912

D. Both A and C

A. private sector bank

B. public sector bank

C. non-scheduled bank

D. None of these

A. The Reserve Bank of India Act, 1934

B. Negotiable Instrument Act, 1881

C. Banking Regulation Act, 1949

D. Indian Coinage Act, 1906

A. Basel

B. Broadcasting

C. Brokers

D. Board

A. 1 and 3 only

B. 1, 2 and 3

C. 2 and 3 only

D. 1 only

A. 180 days

B. 181 days

C. 182 days

D. 183 days