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-8

Recognised stock exchange means a stock exchange which is for the time being recognised by

A) State Government B) Parliament C) Central Government D) State Legislatures

Discuss

Answer & Solution

Answer: Option C

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Which bank had its office in Anarkali Bazaar, Lahore when registered on 19^th May, 1894 under Indian Companies Act?

A) Punjab and Sind Bank B) Syndicate Bank C) Punjab National Bank D) United Bank of India

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Answer & Solution

Answer: Option C

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A January month Nifty futures contract will expire on the last . . . . . . . . of January.

A) monday B) thursday C) tuesday D) wednesday

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Answer & Solution

Answer: Option B

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Under which of the following methods of depreciation, amount of depreciation varies every year:

A) Written Down Value Method B) Straight Line Method C) Amount of depreciation does not vary on year to year basis D) None of the above

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Answer & Solution

Answer: Option A

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Which of the following is Fisher's equation of quantity theory of money?

A) $$P = \frac{{MV + M'V'}}{T}$$ B) $$P = \frac{M}{T}$$ C) $$P = \frac{M}{{kR}}$$ D) $$P = \frac{n}{{k + rK}}$$

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Answer & Solution

Answer: Option A

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Which one of the following statement is correct?

A) General insurance corporation provides cover for life risks B) NBFC take deposits from the public C) NABARD was established on the recommendations of Narasimham Committee-I (1991) D) IDBI, NABARD have been notified as Public Financial Institutions (PFls) under Companies Act, 1956

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Answer & Solution

Answer: Option D

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Bonds or debentures issued by Securitization company should bear interest not less than:

A) Bank Rate B) Prime Lending Rate C) 1.5% over the Bank Rate D) 1.5% over the Saving Rate

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Answer & Solution

Answer: Option C

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Reserve Bank of India was established in

A) 1935 B) 1948 C) 1950 D) 1951

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Answer & Solution

Answer: Option A

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Direct supervision over depositories and mutual funds is undertaken by:

A) NBFCs B) RBI C) SEBI D) All of the above

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Answer & Solution

Answer: Option C

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Which among the following are criticism of World Trade organization (WTO)?
1. It is not a democratic and transparent institution.
2. it has domination of international trade by rich countries for the benefit of their individual interests.
3. It encourages a 'race to the bottom' in wages by pitting workers against each other rather than promoting internationally recognized labour standards.
4. It is seeking to privatize essential public services.

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

Discuss

Answer & Solution

Answer: Option D

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