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-1 section-2

Which among the following is not a category of non-performing assets?

A) Sub-standard assets B) Doubtful debts C) Loss assets D) Devaluated assets

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Answer & Solution

Answer: Option D

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Transaction of internet banking excludes

A) Withdrawal of cash anywhere in India B) Statement of account for a specific period C) Transfer of funds from one account to another account D) Balance enquiry

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Answer & Solution

Answer: Option A

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Match List-I with List-II and select the correct answer:

List-I	List-II
a. Debit card	1. Several storage
b. Credit card	2. Online recovery of amount
c. Electronic purse	3. Image processing use
d. Cheque function	4. Revolving credit

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

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Answer & Solution

Answer: Option A

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LIBOR term is used for :

A) Deposit rate in European market B) Interest rate in Euro currency market C) Deposit rate applicable to interbank loans in London D) Interest rate in Euro bond market

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Answer & Solution

Answer: Option C

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Foreign Exchange Management Act was implemented in India on

A) 1^st July, 2000 B) 1^st June, 1999 C) 1^st June, 2000 D) 1^st July, 1999

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Answer & Solution

Answer: Option C

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'RWA' with regard to capital adequacy stands for which one of the following?

A) Risk Withdrawal Adjustments B) Risk Withdrawal Arrangements C) Risk Weighted Assets D) Risk free Weighted Assets

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Answer & Solution

Answer: Option C

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Which of the following banks launched its digibank, India's first mobile-only bank in 2016?

A) HDFC Bank B) HSBC C) DBS Bank D) RBL Bank

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Answer & Solution

Answer: Option C

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TDR offered as security for an advance is transferred to the bank by way of:

A) Pledge B) Charge C) Assignment D) All of these

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Answer & Solution

Answer: Option C

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The success of e-banking depends upon
1. Multi-layer Security System
2. Risk and Surveillance Management
3. Updated Flawless Softwares
4. Stringent Legal Frame work
Select the correct answer:

A) Both 1 and 2 B) 1, 2 and 3 C) 2, 3 and 4 D) All of the above

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Answer & Solution

Answer: Option B

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Match the following items of List I with the items of List II and indicate the correct matching.

List-I (Name of Bank)	List-II (Year of Establishment)
a. IFCI	1. 1981
b. SIDBI	2. 1982
c. NABARD	3. 1948
d. EXIM	4. 1990

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

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Answer & Solution

Answer: Option D

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