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-9 section-5

Atal Pension Yojana is a type of:

A) Guaranteed Pension Scheme B) Self-invested personal pension (SIPP) C) Additional voluntary contributions (AVe) scheme D) All of the above

Discuss

Answer & Solution

Answer: Option A

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

Which of the following are the characteristic of a financial intermediary?
1. It introduces borrowers to lenders.
2. It has assets which exceed liabilities.
3. It increases liquidity for lenders.
4. It reduces transaction costs for borrowers and lenders.
5. It makes excess profit.

A) 2 and 3 B) 3 and 4 C) 1, 2 and 3 D) 3, 4 and 5

Discuss

Answer & Solution

Answer: Option B

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

When a country decides to conduct trade on favourable terms with another country for mutual benefits, this is called:

A) FTA System B) MFN Status C) Bilateral Trade D) Counter Trade

Discuss

Answer & Solution

Answer: Option B

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

The first development financial institution of India was

A) IDBI B) IFCI C) ICICI D) UT

Discuss

Answer & Solution

Answer: Option B

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

In the early stages, commercial banks were

A) in private sector B) in public sector C) government agency D) quasi-autonomous National Government Organisation

Discuss

Answer & Solution

Answer: Option A

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

In computer parlance, "FTP" means:

A) File Transfer Protocol B) File Transit Protocol C) File Translate Protocol D) File Typing Protocol

Discuss

Answer & Solution

Answer: Option A

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

The First Report of Narsimhan Committee for the banking sector reforms was presented

A) In 1990 B) In 1991 C) In 1992 D) In 1994

Discuss

Answer & Solution

Answer: Option B

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

What is meant by devaluation of rupee?

A) Decrease in the weight of coins B) Decrease in domestic purchasing power of rupee C) Decrease in external purchasing power of rupee D) Decrease in the face value of rupee

Discuss

Answer & Solution

Answer: Option C

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

Which of the following statement is correct about daily volumes in the call money market?

A) These volumes are usually lower than the volumes in the repo markets B) These volumes are comparable with volumes in the ICD and CP markets C) They register the largest transaction value after government securities D) Call money markets record the highest daily transaction value amongst all segments of debt markets

Discuss

Answer & Solution

Answer: Option D

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

An investor sold 100 nifty futures at Rs 4,500 future. He bought them back at Rs. 5,000 per future total profit/loss is Rs.

A) (+) 4,000 B) (-) 4,000 C) (-) 5,000 D) (+) 5,000

Discuss

Answer & Solution

Answer: Option C

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