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

A. Bond Fund

B. Fixed Income Fund

C. Money Market Mutual Fund

D. Equity Fund

A. Prime Minister

B. President

C. Governor or Reserve Bank of India

D. Finance Secretary

A. sub-standard advance

B. doubtful advance

C. loss advance

D. All of the above

A. it is an extraneous matter appearing on the cheque. Hence should be returned

B. the cheque is specially crossed in favour of Peoples Bank

C. it is not a crossing as it does not contain two parallel lines

D. None of the above

A. uninsurable risk

B. insurable risk

C. pure risk

D. avoidable risk

A. Contract

B. Uncertainty

C. Peril

D. Hazard

A. (A) is correct but (R) is not correct

B. (A) and (R) both are correct but (R) is not the right explanation of (A)

C. (A) and (R) both are correct and (R) is the right explanation of (A)

D. (A) and (R) both are not correct

A. gold coins and bullion

B. foreign securities

C. government of India's securities

D. All of the above

A. The RBI works under the direction of ministry of finance, government of India

B. The RBI acts independently and can refuse the government directive

C. The RBI acts under the board of directors

D. The RBI's board of governors shall abide by the government directive

A. LIC

B. National Insurance Company

C. Agriculture Insurance Company of India

D. United India Insurance Company