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

11.
Out of the following, which are the schemes of Social Security?
(i) Provident Fund Scheme
(ii) Health Insurance Scheme
(iii) Job Guarantee Scheme
(iv) Maternity Benefit Scheme
(v) Merit Promotion Scheme
(vi) Compulsory and Voluntary Social Insurance Scheme
(vii) Child Insurance Scheme

A. (i), (ii), (iv) and (vi)

B. (ii), (i), (v) and (vii)

C. (iii), (v), (iv) and (vi)

D. (iv), (vii), (iii) and (ii)

Answer & Solution Discuss in Board Save for Later

12.
Which of the following statement/s is/are correct in context of Nachiket Mor Committee?
1. Universal Electronic Bank Account
2. Ubiquitous Access to Payment Services and Deposit Products at Reasonable Charges
3. Sufficient Access to Affordable Formal Credit
4. Universal Access to a Range of Deposit and Investment Products at Reasonable Charges
5. Universal Access to a Range of Insurance and Risk Management Products at Reasonable Charges
6. Right to Suitability

A. 1, 2 and 4

B. 2, 3 and 5

C. 3, 4, 5 and 6

D. 1, 2, 3, 4, 5 and 6

Answer & Solution Discuss in Board Save for Later

13.
IRDA has the power to frame the regulations under of the Insurance Act, 1938.

A. Section 114(B)

B. Section 112(B)

C. Section 118(C)

D. None of these

Answer & Solution Discuss in Board Save for Later

14.
Credit risk is defined as

A. probability of default by the counter party

B. probability of worsening of credit quality of a borrowal account

C. Either A or B

D. Both A and B

Answer & Solution Discuss in Board Save for Later

15.
Which of the following activity is not permissible for NBFCs?

A. Loans and advances

B. Acquisition of shares

C. Insurance business

D. Construction of immovable property

Answer & Solution Discuss in Board Save for Later

16.
Which of these DFI was primarily set up for the development of the Micro, Small and Medium Enterprise sector?

A. NABARD

B. IDBI

C. SIDBI

D. IFCI

Answer & Solution Discuss in Board Save for Later

17.
Match the following concepts of List-I with List-II.

List-I List-II

a. Malhotra Committee 1. To analysis the financial condition of the RRBs in India

b. Deepak Mohanty Committee 2. Broad Framework of Insurance Sector

c. Sukhmoy Chakravarty Committee 3. A medium-term five-year plan for financial inclusion

d. K. C. Chakrabarty Committee 4. Review Working of Monetary System

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

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

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

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

Answer & Solution Discuss in Board Save for Later

18.
Which of the following are included under representation functions of a bank?
1. Payment of cheques and bills
2. Providing remittance facilities
3. Underwriting of securities
4. Advancing clean credit
5. Allowing overdrafts on current account
6. Purchase and sale of securities

A. 1, 2, 3 and 4

B. 3, 4, 5 and 6

C. 1, 2, 3 and 6

D. 2, 3, 5 and 6

Answer & Solution Discuss in Board Save for Later

19.
Nearness of near money depends on

A. Legality

B. Profitability

C. Validity

D. Liquidity

Answer & Solution Discuss in Board Save for Later

20.
The political, commercial and natural risks of exporter are covered by:

A. Export Promotion Council (E.P.C.)

B. Export Credit and Guarantee Corporation (E.C.G.C.)

C. Life Insurance Corporation (L.I.C.)

D. General Insurance Corporation (G.I.C.)

Answer & Solution Discuss in Board Save for Later

1 2 3 4 5 6 7 8 9 10

List-I	List-II
a. Malhotra Committee	1. To analysis the financial condition of the RRBs in India
b. Deepak Mohanty Committee	2. Broad Framework of Insurance Sector
c. Sukhmoy Chakravarty Committee	3. A medium-term five-year plan for financial inclusion
d. K. C. Chakrabarty Committee	4. Review Working of Monetary System

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

11. Out of the following, which are the schemes of Social Security? (i) Provident Fund Scheme (ii) Health Insurance Scheme (iii) Job Guarantee Scheme (iv) Maternity Benefit Scheme (v) Merit Promotion Scheme (vi) Compulsory and Voluntary Social Insurance Scheme (vii) Child Insurance Scheme

Answer & Solution

Answer & Solution

13. IRDA has the power to frame the regulations under of the Insurance Act, 1938.

Answer & Solution

14. Credit risk is defined as

Answer & Solution

15. Which of the following activity is not permissible for NBFCs?

Answer & Solution

16. Which of these DFI was primarily set up for the development of the Micro, Small and Medium Enterprise sector?

Answer & Solution

Answer & Solution

18. Which of the following are included under representation functions of a bank? 1. Payment of cheques and bills 2. Providing remittance facilities 3. Underwriting of securities 4. Advancing clean credit 5. Allowing overdrafts on current account 6. Purchase and sale of securities

Answer & Solution

19. Nearness of near money depends on

Answer & Solution

20. The political, commercial and natural risks of exporter are covered by:

Answer & Solution

Read More Section(Banking and Financial Institutions)

11.
Out of the following, which are the schemes of Social Security?
(i) Provident Fund Scheme
(ii) Health Insurance Scheme
(iii) Job Guarantee Scheme
(iv) Maternity Benefit Scheme
(v) Merit Promotion Scheme
(vi) Compulsory and Voluntary Social Insurance Scheme
(vii) Child Insurance Scheme

13.
IRDA has the power to frame the regulations under of the Insurance Act, 1938.

14.
Credit risk is defined as

15.
Which of the following activity is not permissible for NBFCs?

16.
Which of these DFI was primarily set up for the development of the Micro, Small and Medium Enterprise sector?

18.
Which of the following are included under representation functions of a bank?
1. Payment of cheques and bills
2. Providing remittance facilities
3. Underwriting of securities
4. Advancing clean credit
5. Allowing overdrafts on current account
6. Purchase and sale of securities

19.
Nearness of near money depends on

20.
The political, commercial and natural risks of exporter are covered by: