Banking and Financial Institutions MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10 Section 11

1.
EXIM Bank is a

A. Non-banking financial company

B. Commercial bank

C. Non-banking /on-financial company

D. Scheduled bank

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2.
The term "Holder" under an Option Contract refers to:

A. Buyer of the Option

B. Seller of the Option

C. Middleman/broker

D. Dealer

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3.
RBI was established with a share capital of Rs. . . . . . . . .

A. 10 crore

B. 5 crore

C. 50 crore

D. 100 crore

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4.
The performance of which scheme does the National Housing Bank monitor?

A. Liberalized Finance Scheme

B. Golden Jubilee Rural Housing Finance Scheme

C. Energy Efficient Housing Finance Scheme

D. Finance scheme for indirect loans

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5.
In which of the following types of insurance, we use the term 'assurance'?

A. Life Insurance Business

B. Marine Insurance Business

C. Fire Insurance Business

D. Motor Vehicle Business

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6.
Which of the following organizations is the Mutual Fund market regulator in India?

A. SEBI

B. RBI

C. ICICI

D. CIBIL

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7.
Which of the following institutions grants SDR:

A. IBRD

B. IDA

C. UNDP

D. IMF

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8.
Which of the following statement/s is/are correct in context of G-secs?

A. Central Government issues both, treasury bills and bonds or dated securities

B. State Governments issue only bonds or dated securities, which are called the State Development Loans

C. G-Secs carry practically no risk of default and, hence, are called risk-free gilt-edged instruments

D. All of the above

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9.
Consider the following statements.
1. To curtail the commercial banks from over liquidating.
2. To increase or decrease the flow of bank credit.

A. Only 1 is true

B. Only 2 is true

C. Both 1 and 2 are true

D. Neither 1 nor 2 is true

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10.
For the discharge of its functions efficiently, SEBI has been vested with the following powers:
1. To approve by-laws of stock exchanges.
2. To direct the stock exchanges to amend their by-laws.
3. Inspect the books of accounts and call for periodical returns from recognized stock exchanges.
4. Inspect the books of accounts of financial intermediaries.

A. 1, 2 and 3

B. 1, 3 and 4

C. 2, 3 and 4

D. All of the above

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

1. EXIM Bank is a

Answer & Solution

2. The term "Holder" under an Option Contract refers to:

Answer & Solution

3. RBI was established with a share capital of Rs. . . . . . . . .

Answer & Solution

4. The performance of which scheme does the National Housing Bank monitor?

Answer & Solution

5. In which of the following types of insurance, we use the term 'assurance'?

Answer & Solution

6. Which of the following organizations is the Mutual Fund market regulator in India?

Answer & Solution

7. Which of the following institutions grants SDR:

Answer & Solution

8. Which of the following statement/s is/are correct in context of G-secs?

Answer & Solution

9. Consider the following statements. 1. To curtail the commercial banks from over liquidating. 2. To increase or decrease the flow of bank credit.

Answer & Solution

Answer & Solution

Read More Section(Banking and Financial Institutions)

1.
EXIM Bank is a

2.
The term "Holder" under an Option Contract refers to:

3.
RBI was established with a share capital of Rs. . . . . . . . .

4.
The performance of which scheme does the National Housing Bank monitor?

5.
In which of the following types of insurance, we use the term 'assurance'?

6.
Which of the following organizations is the Mutual Fund market regulator in India?

7.
Which of the following institutions grants SDR:

8.
Which of the following statement/s is/are correct in context of G-secs?

9.
Consider the following statements.
1. To curtail the commercial banks from over liquidating.
2. To increase or decrease the flow of bank credit.