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

71.
What is the full form of CBS?

A. Core Banking Solution

B. Core Banking Software

C. Core Banking System

D. Core Banking Service

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72.
Foreign exchange Regulation act was implemented in India on

A. 5^th July, 1978

B. 1^st June, 1980

C. 10^th September, 1973

D. 1^st January, 1979

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73.
Which of the following is not true about National Automated Clearing House (NACH)?

A. It is a centralized clearing system launched by the National Payments Corporation of India (NPCI)

B. It aims to replace and consolidate multiple existing Electronic Clearing Service (ECS) systems across India

C. NACH platform has been created to replace the Electronic Clearing Service (ECS) system

D. All of the above

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74.
When the general insurance business nationalised?

A. 1970

B. 1971

C. 1972

D. 1973

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75.
Credit creation capacity of a bank depends on the cash reserve ratio and statutory liquidity ratio.
If the initial deposit (O) is Rs. 1,000 and the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) is 5% and 20%, then the credit creation capacity will be as follows

A. Rs. 3,000

B. Rs. 5,000

C. Rs. 6,000

D. Rs. 2,000

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76.
Which of the following is not true about Real Time Gross Settlement (RTGS) system?

A. The minimum amount that can be received through RTGS is Rs. 2 lakhs

B. The banks receive the funds in real time as soon as funds are transferred by the remitting bank

C. The minimum amount to be remitted through RTGS is Rs. 2 lakhs

D. All of the above

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77.
Which of the following statements is/are correct?
1. Nifty is based on 50 companies in India.
2. Nifty is governed and regulated by the Reserve Bank of India.
3. Nifty deals with futures and options.
Select the correct answer using the options given below:

A. 1 only

B. 2 only

C. 3 only

D. 1 and 3

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78.
Which of the following set of functions is not performed by Commercial Banks in India?

A. The mobilization of savings

B. The extending Loans and Advances

C. Issuing Currency Notes

D. Financing Priority Sectors

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79.
Qualitative credit control include

A. Bank Rate Policy

B. Rationing of Credit

C. Open Market Operation

D. None of the these

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80.
Chalapathi Rao Committee was constituted for restructuring of

A. State Financial Corporation in India

B. Commercial Bank in India

C. Co-operative Bank in India

D. Regional Rural Banks in India

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

71. What is the full form of CBS?

Answer & Solution

72. Foreign exchange Regulation act was implemented in India on

Answer & Solution

73. Which of the following is not true about National Automated Clearing House (NACH)?

Answer & Solution

74. When the general insurance business nationalised?

Answer & Solution

75. Credit creation capacity of a bank depends on the cash reserve ratio and statutory liquidity ratio. If the initial deposit (O) is Rs. 1,000 and the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) is 5% and 20%, then the credit creation capacity will be as follows

Answer & Solution

76. Which of the following is not true about Real Time Gross Settlement (RTGS) system?

Answer & Solution

77. Which of the following statements is/are correct? 1. Nifty is based on 50 companies in India. 2. Nifty is governed and regulated by the Reserve Bank of India. 3. Nifty deals with futures and options. Select the correct answer using the options given below:

Answer & Solution

78. Which of the following set of functions is not performed by Commercial Banks in India?

Answer & Solution

79. Qualitative credit control include

Answer & Solution

80. Chalapathi Rao Committee was constituted for restructuring of

Answer & Solution

Read More Section(Banking and Financial Institutions)

71.
What is the full form of CBS?

72.
Foreign exchange Regulation act was implemented in India on

73.
Which of the following is not true about National Automated Clearing House (NACH)?

74.
When the general insurance business nationalised?

75.
Credit creation capacity of a bank depends on the cash reserve ratio and statutory liquidity ratio.
If the initial deposit (O) is Rs. 1,000 and the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) is 5% and 20%, then the credit creation capacity will be as follows

76.
Which of the following is not true about Real Time Gross Settlement (RTGS) system?

77.
Which of the following statements is/are correct?
1. Nifty is based on 50 companies in India.
2. Nifty is governed and regulated by the Reserve Bank of India.
3. Nifty deals with futures and options.
Select the correct answer using the options given below:

78.
Which of the following set of functions is not performed by Commercial Banks in India?

79.
Qualitative credit control include

80.
Chalapathi Rao Committee was constituted for restructuring of