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

91.
Escrow account is useful/helpful to:

A. Importers

B. Exporters

C. Both A and B

D. None of these

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92.
SCORES stands for:

A. SEBI Complaints Redress System

B. Special Complaints Redress System

C. Sources for Complaints Redress System

D. None of These

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93.
Which of the following statement/s is/are correct?
1. NBFCs does not hold a banking license.
2. NBFC can issue Demand Drafts like banks.

A. 1 is correct

B. 2 is correct

C. 1 and 2 is correct

D. None of the above

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94.
Assertion (A): Most of the development bank in India have setup private commercial banks after the introduction of capital adequacy norms.
Reason (R): Development banks in India have not adhered to their basic objectives.

A. (A) and (R) both are correct and (R) is correct explanation of (A)

B. (A) and (R) both are correct but (R) is not a correct explanation of (A)

C. (A) is correct, but (R) is incorrect

D. (R) is correct, but (A) is incorrect

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95.
Which of the following is not a function of Foreign Exchange Market?

A. Stabilization function

B. Hedging function

C. Credit function

D. Transfer function

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96.
Which of the following institution was first established

A. Industrial development bank of India (IDBI)

B. Unit trust of India (UTI)

C. Industrial Finance Corporation (IFCI)

D. Industrial Credit and Investment Corporation of India (ICICI)

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97.
Skimming' in e-banking refers to

A. Identifying fraudsters copying vital information from credit cards

B. Multiple transactions by one credit card

C. Conversion of a debit card into credit card

D. None of the above

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98.
Which of the following are the core objectives of the FSDC?
1. Acts as an apex level forum to strengthen and institutionalize the mechanism for maintaining financial stability
2. Enhance inter-regulatory coordination and promoting financial sector development in the country

A. 1 only

B. 2 only

C. Both 1 and 2

D. Neither 1 nor 2

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99.
Which of the following is not the principle of insurance?

A. Utmost good faith

B. Principle of contribution

C. Maximisation of profit

D. Causa proxima

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100.
In 1992, the banking sector reforms were introduced as per

A. C Rangarajan Committee Report

B. M Narasimham Committee Report

C. Suresh Tendulkar Committee Report

D. Sukhamoy Chakraborty Committee Report

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

91. Escrow account is useful/helpful to:

Answer & Solution

92. SCORES stands for:

Answer & Solution

93. Which of the following statement/s is/are correct? 1. NBFCs does not hold a banking license. 2. NBFC can issue Demand Drafts like banks.

Answer & Solution

94. Assertion (A): Most of the development bank in India have setup private commercial banks after the introduction of capital adequacy norms. Reason (R): Development banks in India have not adhered to their basic objectives.

Answer & Solution

95. Which of the following is not a function of Foreign Exchange Market?

Answer & Solution

96. Which of the following institution was first established

Answer & Solution

97. Skimming' in e-banking refers to

Answer & Solution

98. Which of the following are the core objectives of the FSDC? 1. Acts as an apex level forum to strengthen and institutionalize the mechanism for maintaining financial stability 2. Enhance inter-regulatory coordination and promoting financial sector development in the country

Answer & Solution

99. Which of the following is not the principle of insurance?

Answer & Solution

100. In 1992, the banking sector reforms were introduced as per

Answer & Solution

Read More Section(Banking and Financial Institutions)

91.
Escrow account is useful/helpful to:

92.
SCORES stands for:

93.
Which of the following statement/s is/are correct?
1. NBFCs does not hold a banking license.
2. NBFC can issue Demand Drafts like banks.

94.
Assertion (A): Most of the development bank in India have setup private commercial banks after the introduction of capital adequacy norms.
Reason (R): Development banks in India have not adhered to their basic objectives.

95.
Which of the following is not a function of Foreign Exchange Market?

96.
Which of the following institution was first established

97.
Skimming' in e-banking refers to

98.
Which of the following are the core objectives of the FSDC?
1. Acts as an apex level forum to strengthen and institutionalize the mechanism for maintaining financial stability
2. Enhance inter-regulatory coordination and promoting financial sector development in the country

99.
Which of the following is not the principle of insurance?

100.
In 1992, the banking sector reforms were introduced as per