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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-6

Each section contains 100 MCQs on Banking and Financial Institutions .
81
A state law requires individuals suffering injury or loss from an automobiles accidents to be reimbursed by their own insurance companies. What type of insurance is this?
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Answer & Solution
Answer: Option A
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82
Match the following.
List-I List-II
a. Performing assets 1. Investments
b. Loss assets 2. Standard assets
c. Cash balance 3. Non-performing assets
d. Government securities 4. Liquid assets
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Answer & Solution
Answer: Option B
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83
Usually, the validity period of an Income Tax Refund Order is:
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Answer & Solution
Answer: Option C
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84
If a cheque presented through the Clearing House is returned unpaid for any reason, the banker has to enclose the cheque to a Returning Memo while returning the instrument to the customer. This provision has been prescribed under:
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Answer & Solution
Answer: Option D
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85
Consider the following statements.
Assertion (A): The liability of the option buyer is limited in the currency options market.
Reason (R): Option buyer need not exercise the option if the exchange rate is not favourable for him.
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Answer & Solution
Answer: Option C
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86
In the call/notice money market, which of the following participants is allowed to trade?
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Answer & Solution
Answer: Option C
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87
The F and O segment of NSE provides trading facilities for the following derivative instruments, except
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Answer & Solution
Answer: Option A
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88
If credit facility applied for is rejected, the reasons therefore should be briefly mentioned in the:
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Answer & Solution
Answer: Option A
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89
Which of the following is considered 'good money' according to Gresham's law?
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Answer & Solution
Answer: Option B
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90
Match the items of List-I with the items in List-II and suggest the correct option.
List-I List-II
a. Interbank call market 1. Money market
b. Commercial Bills 2. Promissory note
c. Commercial paper market 3. Short-term maturity
d. Treasury bills 4. Government papers
Discuss
Answer & Solution
Answer: Option B
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