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.
Consider the following statements.
1. UTI is established by an Act of Parliament in 1964. So, UTI does not come under the SEBI regulations for mutual funds.
2. Mutual fund organisations can invest their mobilised funds abroad.
Which of the statement(s) given above is/are correct?

A. Only 1

B. Only 2

C. Both 1 and 2

D. Neither 1 nor 2

Answer & Solution Discuss in Board Save for Later

42.
Insurance company transfers the risk insured to another company. This is known as

A. Reinsurance

B. TPAs

C. Bancassurance

D. Actuaries

Answer & Solution Discuss in Board Save for Later

43.
NABARD has taken over the entire functions of

A. ARDC

B. ACD of RBI

C. RPCD of RBI

D. All of the above

Answer & Solution Discuss in Board Save for Later

44.
In India, NIFTY and SENSEX are calculated on the basis of

A. Market capitalization

B. Paid up capital

C. Free-float market capitalization

D. Authorized share capital

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45.
Which among the following is not a subsidiary of RBI?
1. Deposit Insurance and Credit Guarantee Corporation of India.
2. Bharatiya Reserve Bank Note Mudran Private Limited.

A. Only 1

B. Only 2

C. Both 1 and 2

D. Neither 1 nor 2

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46.
Demand draft for Rs. 20,000 and above:

A. can be paid in cash

B. should not be paid in cash

C. mode of payment will depend on the status of the customer

D. None of the above

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47.
What is the expansion of the term SARFAESI Act?

A. Securitisation and Reconstruction of Financial Assets and Enforcement of Social Interest

B. Securitisation and Reconstruction of Financial Assets and Enactment of Security Interest

C. Securitisation and Reconstruction of Ferry Assets and Enforcement of Security Interest

D. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest

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48.
Consider the following statements.
Assertion (A): The future will see mostly the electronic money clearance through satellite networking.
Reasoning (R): RBI is encouraging e-banking.

A. (A) is true, but (R) is false

B. (A) is false, but (R) is true

C. Both (A) and (R) are true and (R) is the correct explanation of (A)

D. Both (A) and (R) are true, but (R) does not support (A)

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49.
Which of the following would be treated as 'worst money' according to Gresham's law?

A. Representative paper money

B. Convertible paper money

C. Non-convertible paper money

D. Fiat money

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50.
The major shareholders in Asset Reconstruction Company of India Limited (ARCIL) other than SBI are:

A. IDBI & Canara Bank

B. ICICI & HDFC

C. IDBI & HDFC

D. IDBI & ICICI

Answer & Solution Discuss in Board Save for Later

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

41. Consider the following statements. 1. UTI is established by an Act of Parliament in 1964. So, UTI does not come under the SEBI regulations for mutual funds. 2. Mutual fund organisations can invest their mobilised funds abroad. Which of the statement(s) given above is/are correct?

Answer & Solution

42. Insurance company transfers the risk insured to another company. This is known as

Answer & Solution

43. NABARD has taken over the entire functions of

Answer & Solution

44. In India, NIFTY and SENSEX are calculated on the basis of

Answer & Solution

45. Which among the following is not a subsidiary of RBI? 1. Deposit Insurance and Credit Guarantee Corporation of India. 2. Bharatiya Reserve Bank Note Mudran Private Limited.

Answer & Solution

46. Demand draft for Rs. 20,000 and above:

Answer & Solution

47. What is the expansion of the term SARFAESI Act?

Answer & Solution

48. Consider the following statements. Assertion (A): The future will see mostly the electronic money clearance through satellite networking. Reasoning (R): RBI is encouraging e-banking.

Answer & Solution

49. Which of the following would be treated as 'worst money' according to Gresham's law?

Answer & Solution

50. The major shareholders in Asset Reconstruction Company of India Limited (ARCIL) other than SBI are:

Answer & Solution

Read More Section(Banking and Financial Institutions)

41.
Consider the following statements.
1. UTI is established by an Act of Parliament in 1964. So, UTI does not come under the SEBI regulations for mutual funds.
2. Mutual fund organisations can invest their mobilised funds abroad.
Which of the statement(s) given above is/are correct?

42.
Insurance company transfers the risk insured to another company. This is known as

43.
NABARD has taken over the entire functions of

44.
In India, NIFTY and SENSEX are calculated on the basis of

45.
Which among the following is not a subsidiary of RBI?
1. Deposit Insurance and Credit Guarantee Corporation of India.
2. Bharatiya Reserve Bank Note Mudran Private Limited.

46.
Demand draft for Rs. 20,000 and above:

47.
What is the expansion of the term SARFAESI Act?

48.
Consider the following statements.
Assertion (A): The future will see mostly the electronic money clearance through satellite networking.
Reasoning (R): RBI is encouraging e-banking.

49.
Which of the following would be treated as 'worst money' according to Gresham's law?

50.
The major shareholders in Asset Reconstruction Company of India Limited (ARCIL) other than SBI are: