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

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91.
A contract that pledges payment of an agreed amount to the person on the happening of an event covered against, is technically known as

A. life insurance

B. death coverage

C. saving for future

D. provident fund

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92.
A bank is called as a Scheduled Bank when

A. Its business has crossed Rs. 1000 crore mark

B. Its branch network is over 100

C. It is included in the second Schedule of the RBI Act

D. When it complies with all the three above

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93.
Bank deposit refers to

A. the amount of money standing to the credit of a customer of a bank

B. a term used by the federal reserve to refer to the total deposits of member banks

C. the amount of money standing to the debit of a customer of a bank

D. All of the above

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94.
Government policy to raise income by additional taxes and allocation of expenditure is called:

A. Expenditure policy

B. Monetary policy

C. Income policy

D. Fiscal policy

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95.
Which of the following methods help in the risk management?

A. Insurance

B. Hedging

C. Derivatives

D. All of the above

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96.
The World Trade Organization (WTO) formally commenced work

A. 1^st January, 1993

B. 1^st January, 1994

C. 1^st January, 1995

D. None of these

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97.
The commercial banks do not perform one function out of the following

A. Mobilisation of savings

B. Giving loans and advances

C. Issuing currency notes

D. Financing priority sector

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98.
The amount of money an insurance policy guarantees to pay before any bonuses are added is known as

A. sum assured

B. return

C. premium

D. None of these

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99.
With reference to non-banking financial companies (NBFCs) in India, which of the following statement/s is/are correct?
1. They can offer any rate of interest subject to their financial capacity.
2. They cannot accept deposits repayable on demand.

A. 1 only

B. 2 only

C. Both 1 and 2

D. Neither 1 nor 2

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100.
Which of the factors of production is most perishable?

A. Land

B. Labour

C. Capital

D. Enterprise

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

91. A contract that pledges payment of an agreed amount to the person on the happening of an event covered against, is technically known as

Answer & Solution

92. A bank is called as a Scheduled Bank when

Answer & Solution

93. Bank deposit refers to

Answer & Solution

94. Government policy to raise income by additional taxes and allocation of expenditure is called:

Answer & Solution

95. Which of the following methods help in the risk management?

Answer & Solution

96. The World Trade Organization (WTO) formally commenced work

Answer & Solution

97. The commercial banks do not perform one function out of the following

Answer & Solution

98. The amount of money an insurance policy guarantees to pay before any bonuses are added is known as

Answer & Solution

99. With reference to non-banking financial companies (NBFCs) in India, which of the following statement/s is/are correct? 1. They can offer any rate of interest subject to their financial capacity. 2. They cannot accept deposits repayable on demand.

Answer & Solution

100. Which of the factors of production is most perishable?

Answer & Solution

Read More Section(Banking and Financial Institutions)

91.
A contract that pledges payment of an agreed amount to the person on the happening of an event covered against, is technically known as

92.
A bank is called as a Scheduled Bank when

93.
Bank deposit refers to

94.
Government policy to raise income by additional taxes and allocation of expenditure is called:

95.
Which of the following methods help in the risk management?

96.
The World Trade Organization (WTO) formally commenced work

97.
The commercial banks do not perform one function out of the following

98.
The amount of money an insurance policy guarantees to pay before any bonuses are added is known as

99.
With reference to non-banking financial companies (NBFCs) in India, which of the following statement/s is/are correct?
1. They can offer any rate of interest subject to their financial capacity.
2. They cannot accept deposits repayable on demand.

100.
Which of the factors of production is most perishable?