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.
To promote digital transactions, Life Insurance Corporation waive off the convenience fee on all payments to the national insurer, effective from which date?

A. 1^st December 2019

B. 31^st December 2019

C. 1^st March 2020

D. 1^st April 2020

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42.
Who works as RBI's agent at places where it has no office of its own?

A. State Bank of India

B. Ministry of Finance

C. Government of India

D. International Monetary Fund

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43.
Interest rate futures trading in India is available on

A. 91 days, T-bills

B. 10 years, National Government of India Security

C. Both A and B

D. None of the above

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44.
Any country consistently facing balance of payment deficiency can approach:

A. The World Bank

B. The Smithsonian Institute

C. IMF

D. The IMF and the IBRD

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45.
When RBI grants loan to commercial banks and charges interest on it, it is called:

A. Repo rate

B. Reverse Repo rate

C. Marginal Standing Facility

D. Bank rate

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46.
SIDBI was set up as a subsidiary of IDBI to for which of the following object.

A. Take over the functions of small business financing of IDBI

B. Take over the venture capital operations of ICICI

C. Reconstruct and rehabilitate the sick and closed industrial units financed by IDBI

D. Facilitate, finance and promote India's foreign trade

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47.
Consider the following statements.
1. Foreign institutional investors have been allowed to invest in mutual funds.
2. The main objective of SEBI is to protect the investors.
3. Private placement is the route, through which promoter's contribution is mobilised by a public company.
4. RBI lays down the guidelines governing the capital market operation.
Which of the statement(s) given above is/are correct?

A. Both 1 and 2

B. 2, 3 and 4

C. 1, 2 and 3

D. 1, 3 and 4

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48.
Computerisation in banks was started mainly on the recommendation of . . . . . . . . Committee.

A. Narasimhan

B. Chore

C. Rangarajan

D. Tandon

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49.
Which of the following is known as the 'Third Pillar of Basel II' accord?

A. Minimum capital requirement

B. Supervisory review process

C. Standard approach

D. Market discipline

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50.
Which of the following characterises the early stage financial crises?

A. Falling the price of residential properties

B. Excessive euphoria about the future price of certain assets

C. Excessive pessimism about future assets price

D. Stragnating share price

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

41. To promote digital transactions, Life Insurance Corporation waive off the convenience fee on all payments to the national insurer, effective from which date?

Answer & Solution

42. Who works as RBI's agent at places where it has no office of its own?

Answer & Solution

43. Interest rate futures trading in India is available on

Answer & Solution

44. Any country consistently facing balance of payment deficiency can approach:

Answer & Solution

45. When RBI grants loan to commercial banks and charges interest on it, it is called:

Answer & Solution

46. SIDBI was set up as a subsidiary of IDBI to for which of the following object.

Answer & Solution

Answer & Solution

48. Computerisation in banks was started mainly on the recommendation of . . . . . . . . Committee.

Answer & Solution

49. Which of the following is known as the 'Third Pillar of Basel II' accord?

Answer & Solution

50. Which of the following characterises the early stage financial crises?

Answer & Solution

Read More Section(Banking and Financial Institutions)

41.
To promote digital transactions, Life Insurance Corporation waive off the convenience fee on all payments to the national insurer, effective from which date?

42.
Who works as RBI's agent at places where it has no office of its own?

43.
Interest rate futures trading in India is available on

44.
Any country consistently facing balance of payment deficiency can approach:

45.
When RBI grants loan to commercial banks and charges interest on it, it is called:

46.
SIDBI was set up as a subsidiary of IDBI to for which of the following object.

48.
Computerisation in banks was started mainly on the recommendation of . . . . . . . . Committee.

49.
Which of the following is known as the 'Third Pillar of Basel II' accord?

50.
Which of the following characterises the early stage financial crises?