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

31.
Match the following.

List-I List-II

a. Urjit Patel Committee 1. Restructuring of IDBI

b. Athreya Committee 2. To Examine the Current Monetary Framework

c. Amitabh Chaudhry Committee 3. Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households

d. Nachiket Mor Committee 4. To analyze the existing framework of IRDA-Linked and Non-Linked Insurance Product Regulations

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

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

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

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

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32.
Net National Product is equivalent to:

A. Gross Domestic Product minus Depreciation

B. Gross National Product minus Indirect Taxes

C. Net National Income minus Depreciation

D. Gross National Product minus Depreciation

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33.
To determine the premiums required; actuaries apply the principle derived from:

A. the law of averages and the theory of probability

B. underwriting

C. rating

D. the size of the sample

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34.
Which of the following is not correctly matched?

A. Gold Currency Standard ⇔ Free coinage

B. Gold Bullion Standard ⇔ Circulation of Gold Coin

C. Gold Reserve ⇔ Restriction on Standard Import-Export of Gold

D. Gold Parity Standard ⇔ Flexibility in Exchange Rate

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35.
Pillar-II of RBI's new capital adequacy framework (Basel-II guidelines) prescribes that

A. banks are required to adhere to market discipline by furnishing a set of disclosure requirements, which will enable market participants to assess key pieces of information on the scope of application, capital, risk exposure and risk assessment processes and hence, the capital adequacy of the institution

B. banks will come under supervisory review process of RBI in regard to efficacy of their risk management system and will have to adhere to "Internal capital adequacy assessment process" to capture risks such as liquidity risks, reputational risks etc. Other than those prescribed under Pillar-I to convince RBI that adequate capital is maintained for various risks they are exposed to

C. banks are required to maintain minimum 9% capital adequacy for credit risk, market risk and operational risk

D. None of the above

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36.
Monetary policy is prepared and declared by . . . . . . . .

A. Govt. of India

B. RBI

C. State Govt.

D. SBI

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37.
The chief promoter of 'Clearing Corporation' is

A. SBI

B. RBI

C. Financial Ministry

D. None of these

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38.
In India, mergers and acquisition of firms are regulated by:

A. National Manufacturing Competitiveness Council

B. Competition Commission of India

C. Security and Exchange Board of India

D. Department of Industrial Policy and Promotion

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39.
When the insurance paper is not depositon time, then it is known as

A. underinsurance paper

B. timeless insurance

C. max insurance paper

D. All of these

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40.
Arrange the following banks in order, in which they were established.
1. IDBI
2. IFCI
3. SIDBI
4. IIBI

A. 2, 1, 3, 4

B. 2, 1, 4, 3

C. 1, 2, 3, 4

D. 1, 2, 4, 3

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1 2 3 4 5 6 7 8 9 10

List-I	List-II
a. Urjit Patel Committee	1. Restructuring of IDBI
b. Athreya Committee	2. To Examine the Current Monetary Framework
c. Amitabh Chaudhry Committee	3. Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households
d. Nachiket Mor Committee	4. To analyze the existing framework of IRDA-Linked and Non-Linked Insurance Product Regulations

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

Answer & Solution

32. Net National Product is equivalent to:

Answer & Solution

33. To determine the premiums required; actuaries apply the principle derived from:

Answer & Solution

34. Which of the following is not correctly matched?

Answer & Solution

35. Pillar-II of RBI's new capital adequacy framework (Basel-II guidelines) prescribes that

Answer & Solution

36. Monetary policy is prepared and declared by . . . . . . . .

Answer & Solution

37. The chief promoter of 'Clearing Corporation' is

Answer & Solution

38. In India, mergers and acquisition of firms are regulated by:

Answer & Solution

39. When the insurance paper is not depositon time, then it is known as

Answer & Solution

40. Arrange the following banks in order, in which they were established. 1. IDBI 2. IFCI 3. SIDBI 4. IIBI

Answer & Solution

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32.
Net National Product is equivalent to:

33.
To determine the premiums required; actuaries apply the principle derived from:

34.
Which of the following is not correctly matched?

35.
Pillar-II of RBI's new capital adequacy framework (Basel-II guidelines) prescribes that

36.
Monetary policy is prepared and declared by . . . . . . . .

37.
The chief promoter of 'Clearing Corporation' is

38.
In India, mergers and acquisition of firms are regulated by:

39.
When the insurance paper is not depositon time, then it is known as

40.
Arrange the following banks in order, in which they were established.
1. IDBI
2. IFCI
3. SIDBI
4. IIBI