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

81.
Which committee suggested the re-opening up of the insurance sector to private players?

A. Rangrajan Committee

B. R. N. Malhotra Committee

C. Narasimham Committee

D. V. S. Vyas Committee

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82.
The Head Office of Reserve Bank of India is situated at

A. Delhi

B. Kolkata

C. Mumbai

D. Ahmedabad

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83.
To operationalise online, internet, mobile banking, debit card and credit card tools, some of the essential ingredients are

A. Compliance with the Information Technology Act, 2000

B. Satellite connection

C. Selection of a portal and server

D. All of the above

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84.
Match the items of List I with the items of List II:

List I List II

a. Relationship banking 1. Dealing in hundis and acceptance of deposits

b. Merchant banking 2. Widening the entrepreneurial base and assist in a rapid rate of industrial growth

c. Indigenous banking 3. Engaged in the business of issue management

d. Development banking 4. Creating, maintaining and enhancing strong relationship with customers

A. a-1, b-2, c-4, d-3

B. a-2, b-4, c-3, d-1

C. a-4, b-3, c-1, d-2

D. a-2, b-1, c-4, d-3

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85.
The main role of an underwriter in a non-life insurance company is normally to

A. Assess the acceptability of particular risk

B. Certify loss when claims are submitted

C. Design the structure of the products to be offered

D. Negotiate with the industry regulator

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86.
The largest financial conglomerate of India is:

A. HDFC Bank

B. ICICI Bank

C. IFCI

D. SBI

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87.
The headquarter of Asian Development Bank is situated in

A. Sanghai

B. Hongkong

C. Manila

D. Singapore

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88.
Which one of the following banks currently ranks number one in India in terms of market capitalisation?

A. State Bank of India

B. ICICI Bank

C. UTI Bank

D. IDBI Bank

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89.
Banking on telephone service includes
1. Automatic balance voice out
2. Inquiry all term deposit account
3. Direct cash withdrawal
4. Utility bill payment
5. Voice out last five transactions

A. 1, 2, 3 and 5

B. 1, 2, 4 and 5

C. 2, 3, 4 and 5

D. All of the above

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90.
When RBI grants loan to commercial banks and charges interest on it, it is called :

A. Rapo rate

B. Reverse Rapo rate

C. Sweep stack rate, basic rate

D. Bank rate

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1 2 3 4 5 6 7 8 9 10

List I	List II
a. Relationship banking	1. Dealing in hundis and acceptance of deposits
b. Merchant banking	2. Widening the entrepreneurial base and assist in a rapid rate of industrial growth
c. Indigenous banking	3. Engaged in the business of issue management
d. Development banking	4. Creating, maintaining and enhancing strong relationship with customers

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

81. Which committee suggested the re-opening up of the insurance sector to private players?

Answer & Solution

82. The Head Office of Reserve Bank of India is situated at

Answer & Solution

83. To operationalise online, internet, mobile banking, debit card and credit card tools, some of the essential ingredients are

Answer & Solution

Answer & Solution

85. The main role of an underwriter in a non-life insurance company is normally to

Answer & Solution

86. The largest financial conglomerate of India is:

Answer & Solution

87. The headquarter of Asian Development Bank is situated in

Answer & Solution

88. Which one of the following banks currently ranks number one in India in terms of market capitalisation?

Answer & Solution

89. Banking on telephone service includes 1. Automatic balance voice out 2. Inquiry all term deposit account 3. Direct cash withdrawal 4. Utility bill payment 5. Voice out last five transactions

Answer & Solution

90. When RBI grants loan to commercial banks and charges interest on it, it is called :

Answer & Solution

Read More Section(Banking and Financial Institutions)

81.
Which committee suggested the re-opening up of the insurance sector to private players?

82.
The Head Office of Reserve Bank of India is situated at

83.
To operationalise online, internet, mobile banking, debit card and credit card tools, some of the essential ingredients are

85.
The main role of an underwriter in a non-life insurance company is normally to

86.
The largest financial conglomerate of India is:

87.
The headquarter of Asian Development Bank is situated in

88.
Which one of the following banks currently ranks number one in India in terms of market capitalisation?

89.
Banking on telephone service includes
1. Automatic balance voice out
2. Inquiry all term deposit account
3. Direct cash withdrawal
4. Utility bill payment
5. Voice out last five transactions

90.
When RBI grants loan to commercial banks and charges interest on it, it is called :