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

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Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10 Section 11

71.
Lot of banks in India, these days are offering M-Banking facility to their customers. What is the full form of 'M' in 'M-Banking'?

A. Money

B. Mobile Phone

C. Marginal

D. Message

Answer & Solution Discuss in Board Save for Later

72.
The largest bank in India is

A. Central Bank of India

B. State Bank of India

C. Bank of Baroda

D. Indian Overseas Bank

Answer & Solution Discuss in Board Save for Later

73.
Branches receive Potential Linked Plan through:

A. Block Level Banker's Committee

B. State Level Banker's Committee

C. District Consultative Committee

D. Lead Bank Department

Answer & Solution Discuss in Board Save for Later

74.
Which of the following expressions amount to the import restriction measures?
(i) Currency control
(ii) Establishment of EPZs
(iii) Tariff cuts
(iv) Imposition of tariffs
(v) Imposition of non-tariff barriers

A. (i), (ii) and (iii)

B. (i), (iv) and (v)

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

D. (ii), (iii) and (v)

Answer & Solution Discuss in Board Save for Later

75.
The system of note issue adopted by RBI is

A. Proportional reserve method

B. Minimum reserve method

C. Partly Proportional reserve method and Partly Minimum reserve method

D. None of these

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76.
Short-term deposits by mutual funds can only be placed with

A. public sector banks

B. scheduled banks

C. public sector banks or cooperative banks

D. cooperative banks

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77.
Which document is not considered in 'KYC' norms?

A. Driving License

B. PAN card

C. Pension payment order

D. Bill of Exchange

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78.
When was the Industrial Finance Corporation of India setup in India?

A. 1945

B. 1948

C. 1951

D. 1991

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79.
When the value of the metal of a coin is less than its face value, it is said to be

A. Standard currency

B. Representative currency

C. Fiat currency

D. Letter currency

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80.
Match the following.

List-I List-II

a. Hawala 1. Clearing of cheques

b. RBI 2. Illegal transactions of foreign exchange

c. SEBI 3. Regulator body

d. Commercial Bank 4. Central Bank

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

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

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

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

Answer & Solution Discuss in Board Save for Later

1 2 3 4 5 6 7 8 9 10

List-I	List-II
a. Hawala	1. Clearing of cheques
b. RBI	2. Illegal transactions of foreign exchange
c. SEBI	3. Regulator body
d. Commercial Bank	4. Central Bank

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

71. Lot of banks in India, these days are offering M-Banking facility to their customers. What is the full form of 'M' in 'M-Banking'?

Answer & Solution

72. The largest bank in India is

Answer & Solution

73. Branches receive Potential Linked Plan through:

Answer & Solution

74. Which of the following expressions amount to the import restriction measures? (i) Currency control (ii) Establishment of EPZs (iii) Tariff cuts (iv) Imposition of tariffs (v) Imposition of non-tariff barriers

Answer & Solution

75. The system of note issue adopted by RBI is

Answer & Solution

76. Short-term deposits by mutual funds can only be placed with

Answer & Solution

77. Which document is not considered in 'KYC' norms?

Answer & Solution

78. When was the Industrial Finance Corporation of India setup in India?

Answer & Solution

79. When the value of the metal of a coin is less than its face value, it is said to be

Answer & Solution

80. Match the following. List-I List-II a. Hawala 1. Clearing of cheques b. RBI 2. Illegal transactions of foreign exchange c. SEBI 3. Regulator body d. Commercial Bank 4. Central Bank

Answer & Solution

Read More Section(Banking and Financial Institutions)

71.
Lot of banks in India, these days are offering M-Banking facility to their customers. What is the full form of 'M' in 'M-Banking'?

72.
The largest bank in India is

73.
Branches receive Potential Linked Plan through:

74.
Which of the following expressions amount to the import restriction measures?
(i) Currency control
(ii) Establishment of EPZs
(iii) Tariff cuts
(iv) Imposition of tariffs
(v) Imposition of non-tariff barriers

75.
The system of note issue adopted by RBI is

76.
Short-term deposits by mutual funds can only be placed with

77.
Which document is not considered in 'KYC' norms?

78.
When was the Industrial Finance Corporation of India setup in India?

79.
When the value of the metal of a coin is less than its face value, it is said to be

80.
Match the following.

List-I List-II

a. Hawala 1. Clearing of cheques

b. RBI 2. Illegal transactions of foreign exchange

c. SEBI 3. Regulator body

d. Commercial Bank 4. Central Bank