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

41.
Which one of the following development financial institutions in India has started the special refinance scheme for the resettlement and rehabilitation of voluntary retired workers of the National Textile Corporation of India?

A. IDBI

B. SIDBI

C. ICICI

D. None of the above

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42.
When was Debt Recovery Tribunal was introduced for the first time in India?

A. 1991

B. 1992

C. 1993

D. 1994

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43.
Which type of insurance policy will protect a business from theft and forgery by its employees?

A. Burglary insurance

B. Facility bond

C. Indemnity insurance

D. Liability insurance

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44.
Transfer of rights and remedies of the insured to the insurer after indemnity has been effect is called:

A. Insurable interest

B. Subrogation

C. Proximate clause

D. Money back policy

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45.
An Indian investor investing in a US equity stock mutual fund, would be worried about what happens to the exchange rate of

A. US Dollar : Euro

B. Euro : Indian Rupee

C. US Dollar : Indian Rupee

D. British Pound : Indian Rupee

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46.
Which of the following are money markets instruments?
1. Treasury, 8%, 2011.
2. National Savings Certificates.
3. A 3-month certificate of deposit.
4. A treasury bill with 7 days to maturity.
5. A 14-day repurchase agreement of Treasury 8% 2007.

A. 2 and 4

B. 1, 2 and 5

C. 1, 3 and 4

D. 3, 4 and 5

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47.
In case the security has not been traded on a particular day, . . . . . . . . at the NSE is to be considered as the closing price.

A. the average closing price for the last one week

B. the theoretical closing price

C. the latest available closing price

D. none of the above

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48.
Which of the following terms is incorrect?

A. Circuit Broker

B. Merchant Broker

C. Stabled Broker

D. None of these

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49.
What is POP-SP in relation to New Pension System introduced on the 1^st May 2009:

A. Point of Presence Service Provider for registering the citizens under the Scheme and remitting their subscriptions

B. Popular Service Provider for registering the citizens under the Scheme and remitting their subscriptions

C. Both A and B

D. None of the above

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50.
Co-operative banks which work at a metropolitan level are called:

A. District Central Co-operative Bank

B. State Co-operative Bank

C. Primary Urban Co-operative Bank

D. Primary Agricultural Credit Societies

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

41. Which one of the following development financial institutions in India has started the special refinance scheme for the resettlement and rehabilitation of voluntary retired workers of the National Textile Corporation of India?

Answer & Solution

42. When was Debt Recovery Tribunal was introduced for the first time in India?

Answer & Solution

43. Which type of insurance policy will protect a business from theft and forgery by its employees?

Answer & Solution

44. Transfer of rights and remedies of the insured to the insurer after indemnity has been effect is called:

Answer & Solution

45. An Indian investor investing in a US equity stock mutual fund, would be worried about what happens to the exchange rate of

Answer & Solution

46. Which of the following are money markets instruments? 1. Treasury, 8%, 2011. 2. National Savings Certificates. 3. A 3-month certificate of deposit. 4. A treasury bill with 7 days to maturity. 5. A 14-day repurchase agreement of Treasury 8% 2007.

Answer & Solution

47. In case the security has not been traded on a particular day, . . . . . . . . at the NSE is to be considered as the closing price.

Answer & Solution

48. Which of the following terms is incorrect?

Answer & Solution

49. What is POP-SP in relation to New Pension System introduced on the 1st May 2009:

Answer & Solution

50. Co-operative banks which work at a metropolitan level are called:

Answer & Solution

Read More Section(Banking and Financial Institutions)

41.
Which one of the following development financial institutions in India has started the special refinance scheme for the resettlement and rehabilitation of voluntary retired workers of the National Textile Corporation of India?

42.
When was Debt Recovery Tribunal was introduced for the first time in India?

43.
Which type of insurance policy will protect a business from theft and forgery by its employees?

44.
Transfer of rights and remedies of the insured to the insurer after indemnity has been effect is called:

45.
An Indian investor investing in a US equity stock mutual fund, would be worried about what happens to the exchange rate of

46.
Which of the following are money markets instruments?
1. Treasury, 8%, 2011.
2. National Savings Certificates.
3. A 3-month certificate of deposit.
4. A treasury bill with 7 days to maturity.
5. A 14-day repurchase agreement of Treasury 8% 2007.

47.
In case the security has not been traded on a particular day, . . . . . . . . at the NSE is to be considered as the closing price.

48.
Which of the following terms is incorrect?

49.
What is POP-SP in relation to New Pension System introduced on the 1^st May 2009:

50.
Co-operative banks which work at a metropolitan level are called: