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

31.
Which type of insurance covers damage or injury caused by a vehicle with no liability insurance coverage?

A. Comprehensive insurance

B. Uninsured motorists insurance

C. Public liability insurance

D. No-fault automobile insurance

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32.
In India, the Commercial banks are given license of operation by

A. The Government of India

B. The Ministry of Finance

C. Reserve Bank of India

D. Banking Companies Regulation Act, 1949

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33.
In general, Export incentives are permitted within the regulatory framework of:

A. O.E.C.D.

B. U.N.C.T.A.D.

C. I.M.F.

D. W.T.O.

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34.
Which one of the following best supports the theory that the stock exchange is a secondary market? In a stock exchange

A. securities are bought and sold by way of transfer

B. an existing holder of securities can dispose of the holdings to another investor who intends to buy them

C. no new investment is created

D. securities are dealt in for dual purposes investment and speculation

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35.
Verification and upload of client details has to be done on SEBI website every

A. one week

B. two week

C. 15 days

D. None of these

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36.
During the depression, it is advisable to

A. lower bank rate and purchase securities in the open market

B. increase bank rate and purchase securities in the open market

C. decrease bank rate and sell securities in the open market

D. increase bank rate and sell securities in the open market

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37.
The Repo and Reverse Repo rates are resorted by the RBI as a tool of

A. Credit Control

B. Settlement Systems

C. Currency Management

D. Liquidity Control

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38.
The difference between a bank and a non-banking financial companies (NBFCs) is that:

A. a bank interacts directly with customers, while an NBFI interacts with banks and governments

B. a bank indulges in a number of activities relating to finance with a range of customers, while an NBFI is mainly concerned with the finances of foreign companies

C. a bank deals with both internal and international customers, while an NBFI is mainly concerned with the finances of foreign companies

D. a bank's main interest is to help in business transactions and savings/investment activities, while an NBFI's main interest is the stabilization of currency

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39.
Under Quantity Theory of Money, which one of the following equations was given by Fisher?

A. M = KY + K'A

B. PT = MV + M'V'

C. M = PKR

D. n = p(k + rk')

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40.
. . . . . . . . regulates Regional Rural banks in India.

A. SBI

B. PNB

C. NABARD

D. IDBI

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

31. Which type of insurance covers damage or injury caused by a vehicle with no liability insurance coverage?

Answer & Solution

32. In India, the Commercial banks are given license of operation by

Answer & Solution

33. In general, Export incentives are permitted within the regulatory framework of:

Answer & Solution

34. Which one of the following best supports the theory that the stock exchange is a secondary market? In a stock exchange

Answer & Solution

35. Verification and upload of client details has to be done on SEBI website every

Answer & Solution

36. During the depression, it is advisable to

Answer & Solution

37. The Repo and Reverse Repo rates are resorted by the RBI as a tool of

Answer & Solution

38. The difference between a bank and a non-banking financial companies (NBFCs) is that:

Answer & Solution

39. Under Quantity Theory of Money, which one of the following equations was given by Fisher?

Answer & Solution

40. . . . . . . . . regulates Regional Rural banks in India.

Answer & Solution

Read More Section(Banking and Financial Institutions)

31.
Which type of insurance covers damage or injury caused by a vehicle with no liability insurance coverage?

32.
In India, the Commercial banks are given license of operation by

33.
In general, Export incentives are permitted within the regulatory framework of:

34.
Which one of the following best supports the theory that the stock exchange is a secondary market? In a stock exchange

35.
Verification and upload of client details has to be done on SEBI website every

36.
During the depression, it is advisable to

37.
The Repo and Reverse Repo rates are resorted by the RBI as a tool of

38.
The difference between a bank and a non-banking financial companies (NBFCs) is that:

39.
Under Quantity Theory of Money, which one of the following equations was given by Fisher?

40.
. . . . . . . . regulates Regional Rural banks in India.