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.
National Housing Bank was established in 1987 as wholly owned subsidiary of which of the following?

A. State Bank of India

B. Life Insurance Corporation of India

C. Reserve Bank of India

D. Industrial Finance Corporation of India

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42.
NSE's Certification in Financial Markets (NCFM) is a necessary qualification for becoming a trading member.

A. Yes

B. No

C. Both A and B

D. None of these

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43.
The Chairman of NABARD is

A. Governor of R.B.I.

B. Finance Minister

C. Deputy Governor of R.B.I.

D. None of the above

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44.
Which purpose of the following is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss?

A. Subrogation

B. Indemnity

C. Insurable interest

D. Contribution

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45.
RBI set up the Agricultural Refinance Corporation (ARC) in 1963 to work as a refinancing agency in providing medium term and long-term agricultural credit to support investment credit needs for agricultural development. In 1975, ARC was renamed as Agriculture Refinance and Development Corporation (ARDC) to give focused attention to credit offtake, development and promotion of the agricultural sector. Ultimately, NABARD was set by RBI in 1982 whose main function is that it:

A. directly lends and monitors the rural borrowers

B. refinances the banks extending rural finance

C. refinances the rural borrowers obtaining credit from banks

D. directly finances the rural borrowers and gets refinance from government

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46.
PRAN Stands for:

A. Permanent Retirement Account Number

B. Pension Retirement Account Number

C. Permanent Referral Account Number

D. None of the Above

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

41. National Housing Bank was established in 1987 as wholly owned subsidiary of which of the following?

Answer & Solution

42. NSE's Certification in Financial Markets (NCFM) is a necessary qualification for becoming a trading member.

Answer & Solution

43. The Chairman of NABARD is

Answer & Solution

44. Which purpose of the following is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss?

Answer & Solution

Answer & Solution

46. PRAN Stands for:

Answer & Solution

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41.
National Housing Bank was established in 1987 as wholly owned subsidiary of which of the following?

42.
NSE's Certification in Financial Markets (NCFM) is a necessary qualification for becoming a trading member.

43.
The Chairman of NABARD is

44.
Which purpose of the following is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss?

46.
PRAN Stands for: