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

21.
Which one of the following statement is incorrect?

A. The National Securities Depository Limited (NSDL) is the institute, which is built by IDBI

B. Insurance is the collective bearing of risk

C. LIC was founded in 1956

D. The IFCI is the first universal bank in India

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22.
Which of the following function is not performed by Reserve Bank of India?

A. Issue of currency notes

B. Credit control

C. To accept deposits on interest from public

D. Foreign Exchange Management and control

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23.
Match the following items of List-I with the items of List-II.

List-I List-II

a. Pension scheme 1. Health Care for family

b. Personal security 2. Severance Pay

c. Financial assistance 3. Provident Fund

d. Allowance 4. Transport Allowance

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

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

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

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

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24.
Which of the following term/s is/are facilities of the industry is given by DFls?

A. Bridge Loans

B. Equity Assistance

C. Exposure Norms

D. All of the above

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25.
Non-performing loans are also known as:

A. Unpaid loans

B. Overdues

C. Bad loans

D. Collateralised loans

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26.
Head office of industrial financial corporation of India is situated in

A. Delhi

B. Kolkata

C. Madras

D. Mumbai

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27.
Banker's right of set off can be exercised on receipt of:

A. Income Tax Attachment Order

B. Garnishee Order

C. Both A and B

D. None of the above

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28.
Which of the following bodies tightened the norms for foreign exchange risk cover in India mentioning that only companies with a net worth of Rs. 200 crore can use derivatives to hedge against risk of volatility in currency rates?

A. IMF

B. SEBI

C. Reserve Bank of India

D. Union Ministry of Finance

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29.
SEBI has to be responsive to the needs of which of the following?

A. The Investors

B. The Issuers of Securities

C. The Market Intermediaries

D. All of the above

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30.
Drawing accepting, making or issuing of any promissory note, hundi or bill of exchange expressed to be payable to bearer on demand by a person other than the Reserve Bank of India or the Central Government is prohibited under?

A. Banking Regulation Act, 1949

B. Section 31 (1) of RBI Act, 1934

C. Indian Contract Act, 1872

D. None of the above

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1 2 3 4 5 6 7 8 9 10

List-I	List-II
a. Pension scheme	1. Health Care for family
b. Personal security	2. Severance Pay
c. Financial assistance	3. Provident Fund
d. Allowance	4. Transport Allowance

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

21. Which one of the following statement is incorrect?

Answer & Solution

22. Which of the following function is not performed by Reserve Bank of India?

Answer & Solution

23. Match the following items of List-I with the items of List-II. List-I List-II a. Pension scheme 1. Health Care for family b. Personal security 2. Severance Pay c. Financial assistance 3. Provident Fund d. Allowance 4. Transport Allowance

Answer & Solution

24. Which of the following term/s is/are facilities of the industry is given by DFls?

Answer & Solution

25. Non-performing loans are also known as:

Answer & Solution

26. Head office of industrial financial corporation of India is situated in

Answer & Solution

27. Banker's right of set off can be exercised on receipt of:

Answer & Solution

28. Which of the following bodies tightened the norms for foreign exchange risk cover in India mentioning that only companies with a net worth of Rs. 200 crore can use derivatives to hedge against risk of volatility in currency rates?

Answer & Solution

29. SEBI has to be responsive to the needs of which of the following?

Answer & Solution

30. Drawing accepting, making or issuing of any promissory note, hundi or bill of exchange expressed to be payable to bearer on demand by a person other than the Reserve Bank of India or the Central Government is prohibited under?

Answer & Solution

Read More Section(Banking and Financial Institutions)

21.
Which one of the following statement is incorrect?

22.
Which of the following function is not performed by Reserve Bank of India?

23.
Match the following items of List-I with the items of List-II.

List-I List-II

a. Pension scheme 1. Health Care for family

b. Personal security 2. Severance Pay

c. Financial assistance 3. Provident Fund

d. Allowance 4. Transport Allowance

24.
Which of the following term/s is/are facilities of the industry is given by DFls?

25.
Non-performing loans are also known as:

26.
Head office of industrial financial corporation of India is situated in

27.
Banker's right of set off can be exercised on receipt of:

28.
Which of the following bodies tightened the norms for foreign exchange risk cover in India mentioning that only companies with a net worth of Rs. 200 crore can use derivatives to hedge against risk of volatility in currency rates?

29.
SEBI has to be responsive to the needs of which of the following?

30.
Drawing accepting, making or issuing of any promissory note, hundi or bill of exchange expressed to be payable to bearer on demand by a person other than the Reserve Bank of India or the Central Government is prohibited under?