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.
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

Answer & Solution Discuss in Board Save for Later

2.
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

Answer & Solution Discuss in Board Save for Later

3.
A January month Nifty futures contract will expire on the last . . . . . . . . of January.

A. monday

B. thursday

C. tuesday

D. wednesday

Answer & Solution Discuss in Board Save for Later

4.
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

Answer & Solution Discuss in Board Save for Later

5.
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. $$P = \frac{n}{{k + rK}}$$

Answer & Solution Discuss in Board Save for Later

6.
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

Answer & Solution Discuss in Board Save for Later

7.
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

Answer & Solution Discuss in Board Save for Later

8.
Reserve Bank of India was established in

A. 1935

B. 1948

C. 1950

D. 1951

Answer & Solution Discuss in Board Save for Later

9.
Direct supervision over depositories and mutual funds is undertaken by:

A. NBFCs

B. RBI

C. SEBI

D. All of the above

Answer & Solution Discuss in Board Save for Later

10.
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

Answer & Solution Discuss in Board Save for Later

1 2 3 4 5 6 7 8 9 10

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

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

Answer & Solution

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

Answer & Solution

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

Answer & Solution

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

Answer & Solution

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

Answer & Solution

6. Which one of the following statement is correct?

Answer & Solution

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

Answer & Solution

8. Reserve Bank of India was established in

Answer & Solution

9. Direct supervision over depositories and mutual funds is undertaken by:

Answer & Solution

Answer & Solution

Read More Section(Banking and Financial Institutions)

1.
Recognised stock exchange means a stock exchange which is for the time being recognised by

2.
Which bank had its office in Anarkali Bazaar, Lahore when registered on 19^th May, 1894 under Indian Companies Act?

3.
A January month Nifty futures contract will expire on the last . . . . . . . . of January.

4.
Under which of the following methods of depreciation, amount of depreciation varies every year:

5.
Which of the following is Fisher's equation of quantity theory of money?

6.
Which one of the following statement is correct?

7.
Bonds or debentures issued by Securitization company should bear interest not less than:

8.
Reserve Bank of India was established in

9.
Direct supervision over depositories and mutual funds is undertaken by: