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

61.
One of the items is not related with e-banking:

A. Demand Draft

B. SPNS

C. ECS

D. ATM

Answer & Solution Discuss in Board Save for Later

62.
Deposits under NRE/FCNB accounts are linked to:

A. Base Rate

B. SIBOR

C. LIBOR

D. None of these

Answer & Solution Discuss in Board Save for Later

63.
Which of the following is not the fund based business of commercial banks?

A. DP Operations

B. Loans

C. Deposits

D. Discounting of Bills

Answer & Solution Discuss in Board Save for Later

64.
An investor owns one thousand shares of Reliance. Around budget time, he gets uncomfortable with the price movements. One contract on Reliance is equivalent to 100 shares. Which of the following will give him the hedge he desires?

A. Buy 5 Reliance futures contracts

B. Sell 10 Reliance futures contracts

C. Sell 5 Reliance futures contracts

D. Buy 10 Reliance futures contracts

Answer & Solution Discuss in Board Save for Later

65.
Who said, "Money consists of those things which within a society, are of general acceptability"?

A. Marshal

B. Keynes

C. Crowther

D. Ely

Answer & Solution Discuss in Board Save for Later

66.
Which of the following is not true about Payments Bank?

A. Payments bank can issue ATM/debit cards but not credit cards

B. Initial capital required for a Payments Bank is Rs. 100 crore

C. Payments Bank must maintain Cash Reserve Ration (CRR) as decided by RBI

D. Payments Bank can give a loan of up to only Rs. 1 lakh

Answer & Solution Discuss in Board Save for Later

67.
Value of money refers to

A. Gold purchased by money

B. General purchasing power of money

C. Demand for money

D. Value intrinsic in money

Answer & Solution Discuss in Board Save for Later

68.
BRICS Bank is based on

A. Shanghai

B. Hongkong

C. Johannesburg

D. Brazil

Answer & Solution Discuss in Board Save for Later

69.
To revitalize RRBs, the Central Government has taken some significant steps. One of these is not such a step:

A. made SARFAESI Act applicable to RRBs

B. permitted RRBs to accept NRI deposits

C. permitted RRBs for Branch Expansion

D. RRBs can undertake Insurance Business

Answer & Solution Discuss in Board Save for Later

70.
E-banking is synonymous with

A. tele banking

B. internet banking

C. euro banking

D. None of these

Answer & Solution Discuss in Board Save for Later

1 2 3 4 5 6 7 8 9 10

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

61. One of the items is not related with e-banking:

Answer & Solution

62. Deposits under NRE/FCNB accounts are linked to:

Answer & Solution

63. Which of the following is not the fund based business of commercial banks?

Answer & Solution

64. An investor owns one thousand shares of Reliance. Around budget time, he gets uncomfortable with the price movements. One contract on Reliance is equivalent to 100 shares. Which of the following will give him the hedge he desires?

Answer & Solution

65. Who said, "Money consists of those things which within a society, are of general acceptability"?

Answer & Solution

66. Which of the following is not true about Payments Bank?

Answer & Solution

67. Value of money refers to

Answer & Solution

68. BRICS Bank is based on

Answer & Solution

69. To revitalize RRBs, the Central Government has taken some significant steps. One of these is not such a step:

Answer & Solution

70. E-banking is synonymous with

Answer & Solution

Read More Section(Banking and Financial Institutions)

61.
One of the items is not related with e-banking:

62.
Deposits under NRE/FCNB accounts are linked to:

63.
Which of the following is not the fund based business of commercial banks?

64.
An investor owns one thousand shares of Reliance. Around budget time, he gets uncomfortable with the price movements. One contract on Reliance is equivalent to 100 shares. Which of the following will give him the hedge he desires?

65.
Who said, "Money consists of those things which within a society, are of general acceptability"?

66.
Which of the following is not true about Payments Bank?

67.
Value of money refers to

68.
BRICS Bank is based on

69.
To revitalize RRBs, the Central Government has taken some significant steps. One of these is not such a step:

70.
E-banking is synonymous with