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

81.
As a consortium leader, the Lead Bank would
1. coordinate with government office's, banks and other stakeholders.
2. undertake planning and formulation of annual district credit plans through block and district consultative committees.
3. help in synergising all efforts to fulfill plan priorities and district specific requirements.
Select the correct answer

A. Both 1 and 2

B. Only 1

C. Only 2

D. All of the above

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82.
Consider the following statements and identify the true ones.
1. Treasury bills can be issued by all the states.
2. They are not used for Open Market Operations.

A. Only 1 is true

B. Only 2 is true

C. Both 1 and 2 are true

D. Neither 1 nor 2 is true

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83.
Which of the following is/are the instrument/s to deal with the risk factor in life and non-life situations?

A. Mitigate

B. Contingency

C. Transfer

D. All of the above

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84.
Which one of the following is not a social evil of the money?

A. Trade cycles

B. Fraud

C. Murders

D. Corruption

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85.
Which of the following statement is/are correct?
1. 50 paise coin is limited legal tender money in India.
2. Bills of exchange is an optional money.
Select the correct answer:

A. Only 1

B. Only 2

C. Both 1 and 2

D. Neither 1 nor 2

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86.
What is the banking known as when a group of persons come together to own and control three or more independently chartered banks?

A. Shadow Banking

B. Universal Banking

C. Chain Banking

D. Narrow Banking

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87.
Which of the following economist suggested the idea of setting up of development banks at international level such as World Bank and IMF, the same idea resulted in setting up of development banks by different nations in their boundaries?

A. John Maynard Keynes

B. Henry Kaiser

C. President Roosevelt

D. Vladimir Lenin

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88.
Under Section 37 of the Banking (Regulation) Act, a moratorium order can be issued by the High Court for a maximum total period of:

A. One month

B. Six months

C. One year

D. One and a half year

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89.
Which of the following statements is true?

A. A SEBI registered stock broker having a 'minimum networth of Rs. 1 crore is eligible to join NSDL as a DP

B. A stock broker having a minimum networth of Rs. 50 lakh is eligible to join NSDL as a DP irrespective of whether it is registered with SEBI

C. A SEBI registered stock broker is eligible to join NSDL as a DP. There is no minimum networth requirement

D. A SEBI registered stock broker having a minimum networth of Rs. 50 lakh is eligible to join NSDL as a DP

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90.
Real Time Gross Settlement (RTGS) is managed by

A. State Bank of India

B. Reserve Bank of India

C. Indian Bank's Association

D. Government of India

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

Answer & Solution

82. Consider the following statements and identify the true ones. 1. Treasury bills can be issued by all the states. 2. They are not used for Open Market Operations.

Answer & Solution

83. Which of the following is/are the instrument/s to deal with the risk factor in life and non-life situations?

Answer & Solution

84. Which one of the following is not a social evil of the money?

Answer & Solution

85. Which of the following statement is/are correct? 1. 50 paise coin is limited legal tender money in India. 2. Bills of exchange is an optional money. Select the correct answer:

Answer & Solution

86. What is the banking known as when a group of persons come together to own and control three or more independently chartered banks?

Answer & Solution

87. Which of the following economist suggested the idea of setting up of development banks at international level such as World Bank and IMF, the same idea resulted in setting up of development banks by different nations in their boundaries?

Answer & Solution

88. Under Section 37 of the Banking (Regulation) Act, a moratorium order can be issued by the High Court for a maximum total period of:

Answer & Solution

89. Which of the following statements is true?

Answer & Solution

90. Real Time Gross Settlement (RTGS) is managed by

Answer & Solution

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82.
Consider the following statements and identify the true ones.
1. Treasury bills can be issued by all the states.
2. They are not used for Open Market Operations.

83.
Which of the following is/are the instrument/s to deal with the risk factor in life and non-life situations?

84.
Which one of the following is not a social evil of the money?

85.
Which of the following statement is/are correct?
1. 50 paise coin is limited legal tender money in India.
2. Bills of exchange is an optional money.
Select the correct answer:

86.
What is the banking known as when a group of persons come together to own and control three or more independently chartered banks?

87.
Which of the following economist suggested the idea of setting up of development banks at international level such as World Bank and IMF, the same idea resulted in setting up of development banks by different nations in their boundaries?

88.
Under Section 37 of the Banking (Regulation) Act, a moratorium order can be issued by the High Court for a maximum total period of:

89.
Which of the following statements is true?

90.
Real Time Gross Settlement (RTGS) is managed by