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 items of List-I with those List-II and select correct answer:

List-I List-II

a. Narasimham Committee 1. Lending under consortium arrangement

b. Shetty Committee 2. Frauds and Malpractices in banks

c. Ghosh Committee 3. Securities operations of banks and financial institutions

d. Janakiraman 4. Financial system in India Committee

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

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

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

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

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32.
Bank of banks in India is

A. State Bank of India

B. Reserve Bank of India

C. Central Bank of India

D. None of these

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33.
"Money is what money does." Who said this?

A. Walker

B. Robertson

C. Crowther

D. Paul Einzig

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34.
Which of the following is not automatically helped by Financial inclusion?
1. Turning savings into investment
2. Reducing current account deficit
3. Decreasing inflation

A. 1 and 2

B. 1 and 3

C. 2 and 3

D. None of above

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35.
Which of the following is an independent professional appointed by an insurance company to assess the loss or damage when a claim is notified under a policy issued by them?

A. Surveyors

B. Loss assessors

C. Brokers

D. Underwriter

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36.
Under Section of the Income Tax Act can be claimed for APY2

A. 80 C

B. 80CCD (1A)

C. 80CCD (18)

D. None of the above

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37.
With a view to encourage newer classes of entrepreneurs and bringing about wider dispersal of ownership and control of industrial undertakings, IDBI operates a special scheme for supplementing the equity contribution to projects made by small and new entrepreneurs, This scheme is known as:

A. Bridge Loan Scheme

B. Soft Loan Scheme for Modernization

C. Technical Development Fund Scheme

D. Seed Capital Assistance Scheme

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38.
One of the major challenges, banking industry is facing these days is money laundering. Which of the following acts/norms are launched by the banks to prevent money laundering in general?

A. Know Your Customer Norms

B. Banking Regulation Act

C. Negotiable Instrument Act

D. None of the above

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39.
Which of the following is indicated by security sigma that is linked with the security computed as at the end of the previous trading day?

A. weighted mean

B. volatility

C. impact cost

D. none of the above

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40.
The profitability of public-sector banks is low due to
(i) Over-cautions approach to lending
(ii) Reserve Bank Policies
(iii) High Overhead Costs
(iv) Social-sector lending
Identify the correct option:

A. (i) and (ii)

B. (i) and (iv)

C. (i), (iii) and (iv)

D. (ii) and (iii)

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1 2 3 4 5 6 7 8 9 10

List-I	List-II
a. Narasimham Committee	1. Lending under consortium arrangement
b. Shetty Committee	2. Frauds and Malpractices in banks
c. Ghosh Committee	3. Securities operations of banks and financial institutions
d. Janakiraman	4. Financial system in India Committee

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

Answer & Solution

32. Bank of banks in India is

Answer & Solution

33. "Money is what money does." Who said this?

Answer & Solution

34. Which of the following is not automatically helped by Financial inclusion? 1. Turning savings into investment 2. Reducing current account deficit 3. Decreasing inflation

Answer & Solution

35. Which of the following is an independent professional appointed by an insurance company to assess the loss or damage when a claim is notified under a policy issued by them?

Answer & Solution

36. Under Section of the Income Tax Act can be claimed for APY2

Answer & Solution

37. With a view to encourage newer classes of entrepreneurs and bringing about wider dispersal of ownership and control of industrial undertakings, IDBI operates a special scheme for supplementing the equity contribution to projects made by small and new entrepreneurs, This scheme is known as:

Answer & Solution

38. One of the major challenges, banking industry is facing these days is money laundering. Which of the following acts/norms are launched by the banks to prevent money laundering in general?

Answer & Solution

39. Which of the following is indicated by security sigma that is linked with the security computed as at the end of the previous trading day?

Answer & Solution

40. The profitability of public-sector banks is low due to (i) Over-cautions approach to lending (ii) Reserve Bank Policies (iii) High Overhead Costs (iv) Social-sector lending Identify the correct option:

Answer & Solution

Read More Section(Banking and Financial Institutions)

32.
Bank of banks in India is

33.
"Money is what money does." Who said this?

34.
Which of the following is not automatically helped by Financial inclusion?
1. Turning savings into investment
2. Reducing current account deficit
3. Decreasing inflation

35.
Which of the following is an independent professional appointed by an insurance company to assess the loss or damage when a claim is notified under a policy issued by them?

36.
Under Section of the Income Tax Act can be claimed for APY2

37.
With a view to encourage newer classes of entrepreneurs and bringing about wider dispersal of ownership and control of industrial undertakings, IDBI operates a special scheme for supplementing the equity contribution to projects made by small and new entrepreneurs, This scheme is known as:

38.
One of the major challenges, banking industry is facing these days is money laundering. Which of the following acts/norms are launched by the banks to prevent money laundering in general?

39.
Which of the following is indicated by security sigma that is linked with the security computed as at the end of the previous trading day?

40.
The profitability of public-sector banks is low due to
(i) Over-cautions approach to lending
(ii) Reserve Bank Policies
(iii) High Overhead Costs
(iv) Social-sector lending
Identify the correct option: