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

21.
The National Housing Bank (NHB) was set up in India as a wholly-owned subsidiary of?

A. Reserve Bank of India

B. State Bank of India

C. ICICI Bank

D. None of the above

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22.
The expansion for BIFR, in the context of the Indian Industry is:

A. Board for Industrial and Financial Reconstruction

B. Bureau for Industrial and Financial Reconstruction

C. Board for Investment and Financial Reconstruction

D. Bureau for Investment and Financial Reconstruction

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23.
Which of the following statements is incorrect regarding digital and virtual currencies?

A. Digital currency is recognized by the Reserve Bank of India, but virtual currency is not recognized by it

B. Digital currency can be used as such across the world, but virtual currencies can be used within particular geographies

C. Digital currencies are issued by central banks, whereas virtual currencies are issued electronically

D. None of the above

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24.
In which year the ICICI Limited was merged with its subsidiary ICICI Bank as a part of reverse merger exercise to make first Universal Bank in India in 2003?

A. 2002

B. 2004

C. 2005

D. 1995

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25.
Which of the following is not one of the components of 'International Reserve'?

A. Special Drawing Rights

B. Reserve Position in IMF

C. Monetary Gold

D. Money Market Instruments

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26.
Which bank has introduced 'Prepaid Card' first?

A. OBC

B. BoB

C. Corporation Bank

D. SBI

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27.
MRTP act relates to:

A. Protection of investors only

B. Regulation of foreign exchange

C. Control of capital issues

D. Control of monopolies and unfair trade practices

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28.
With reference to foreign exchange rate theory, which of the following statement is/are correct?
(1) Mint Parity theory is applicable in inconvertible paper currency standard.
(2) Balance of Payment theory was propounded by Prof. Gustav Cassel.
Select the correct answer

A. Only 1

B. Only 2

C. Both 1 and 2

D. Neither 1 nor 2

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29.
The founder of E-commerce company flipkart is

A. Sachin Bansal

B. Kunal Behl

C. Bhavish Agrawal

D. Pranay Chulet

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30.
With reference to green bonds in India, consider the following statements:
1. Green bond is a debt instrument issued for renewable as well as non-renewable energy projects.
2. Both public and private sector banks can issue such bonds.
3. It is a low-risk bond as repayment is tied to the issuer rather than success of the project.

A. 1 and 2 only

B. 2 and 3 only

C. 3 only

D. None

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

21. The National Housing Bank (NHB) was set up in India as a wholly-owned subsidiary of?

Answer & Solution

22. The expansion for BIFR, in the context of the Indian Industry is:

Answer & Solution

23. Which of the following statements is incorrect regarding digital and virtual currencies?

Answer & Solution

24. In which year the ICICI Limited was merged with its subsidiary ICICI Bank as a part of reverse merger exercise to make first Universal Bank in India in 2003?

Answer & Solution

25. Which of the following is not one of the components of 'International Reserve'?

Answer & Solution

26. Which bank has introduced 'Prepaid Card' first?

Answer & Solution

27. MRTP act relates to:

Answer & Solution

28. With reference to foreign exchange rate theory, which of the following statement is/are correct? (1) Mint Parity theory is applicable in inconvertible paper currency standard. (2) Balance of Payment theory was propounded by Prof. Gustav Cassel. Select the correct answer

Answer & Solution

29. The founder of E-commerce company flipkart is

Answer & Solution

Answer & Solution

Read More Section(Banking and Financial Institutions)

21.
The National Housing Bank (NHB) was set up in India as a wholly-owned subsidiary of?

22.
The expansion for BIFR, in the context of the Indian Industry is:

23.
Which of the following statements is incorrect regarding digital and virtual currencies?

24.
In which year the ICICI Limited was merged with its subsidiary ICICI Bank as a part of reverse merger exercise to make first Universal Bank in India in 2003?

25.
Which of the following is not one of the components of 'International Reserve'?

26.
Which bank has introduced 'Prepaid Card' first?

27.
MRTP act relates to:

28.
With reference to foreign exchange rate theory, which of the following statement is/are correct?
(1) Mint Parity theory is applicable in inconvertible paper currency standard.
(2) Balance of Payment theory was propounded by Prof. Gustav Cassel.
Select the correct answer

29.
The founder of E-commerce company flipkart is