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

A. Decentralised collection

B. Centralised collection

C. Direct collection

D. Payment only through cheques

A. 2, 4, 3, 1

B. 4, 2, 1, 3

C. 4, 2, 3, 1

D. 4, 3, 2, 1

A. The currency notes issued by RBI are legal tender throughout the world

B. All commercial banks including those owned by government do not need a licence from the RBI to do banking business

C. The treasury bills are sold by the RBI for raising its working capital

D. The RBI is a banker to both Central and State Government

A. the drawer may issue other cheques which bear a date prior to the date of such a cheque and if the balance is insufficient, the bank may be held liable

B. an Attachment Order may be received attaching the balance in the account

C. the drawer may become insolvent or die

D. the drawer may stop payment

A. Credit Tranche Drawing

B. Extended Fund Facility

C. Compensatory Financing Facility

D. Structural Adjustment Facility

A. To give everyone a chance to indirectly own shares and securities in a large number of select companies

B. To maximize mobilization of people's savings by making insurance linked savings adequately attractive

C. To channelize the pooled savings into productive out-lets

D. To mobilize savings of the community by offering savers the triple benefits of safety liquidity and profitability of investments

A. Postal Index Number

B. Permanent Identification Number

C. Personal Identification Number

D. Public Interlocking Numeric

A. Bank's own officials

B. RBI officials

C. Both A and B

D. Officials of AG's office

A. a-4, b-3, c-2, d-1

B. a-1, b-2, c-3, d-4

C. a-2, b-1, c-3, d-4

D. a-4, b-3, c-1, d-2

A. Premium

B. Reinsurance

C. Co-insurance

D. Double Insurance