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

A. AEPS enables bank customers to access their Aadhaar-linked bank accounts through the Aadhaar authentication

B. For a transaction through AEPS, only Aadhaar number and fingerprint captured during the enrolment are required

C. AEPS allows inter-operability among different systems adopted by different banks in a safe and secured manner

D. Customers can find out their account balance deposit cash, withdraw money and transfer funds to other Aadhaar-linked bank accounts through the help of business correspondents of the bank they have account in

A. end use of funds

B. outlay of funds

C. both A and B

D. None of these

A. improving professionalism

B. enabling access to capital

C. ensuring sound banking through RBI

D. all of the above

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

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

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

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

A. Development banks provide financial assistance to both private as well as public sector institutions

B. Development banks react to the socio-economic needs of development

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

D. The Securities Trading Corporation of India (STCI) was promoted by SEBI jointly with the public sector banks

A. non-functional assets

B. obsolete assets

C. assets transferred to company liquidator

D. loans becoming overdue beyond 90 days

A. 1, 2 and 3

B. 2, 3 and 4

C. 1, 3 and 4

D. 2 and 4

A. Regional Rural banks

B. Scheduled Commercial banks

C. Cooperative Banks

D. Small Finance Banks

A. Debit Fund

B. Liquid Fund

C. Close Ended Funds

D. Sector Funds

A. At any Launch

B. At any time

C. At redemption

D. Depends upon the fund type