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

61.
PNB was established in:

A. 1920

B. 1894

C. 1934

D. 1976

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62.
Which of the following step should be beneficiary in correcting disequilibrium of balance of payment?

A. Over-valuation of currency

B. Devaluation of currency

C. Demonitisation of currency

D. No monetary change

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63.
Which of the following statement/s is/are correct to pension funds?
1. Pension funds are financial tools that help you in accumulating funds for your post-retirement years.
2. Investing a certain amount regularly towards your pension fund, you will build up a considerable sum in a phase-by-phase manner.

A. 1 is correct

B. 2 is correct

C. 1 and 2 is correct

D. None of the above

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64.
Which product offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan?

A. Money Back Plan

B. Endowment Plans

C. Term Insurance Plans

D. Unit-linked insurance plan

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65.
The Person whose risk is insured is called:

A. insured

B. merchandiser

C. marketer

D. agents

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66.
The operations of banks and financial institutions are regulated by

A. The RBI Act, 1934

B. The Banking Regulation Act, 1949

C. Information Technology Act, 2000

D. All of the above

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67.
The main function/s of the Securities and Exchange Board of India is/are:

A. To protect the interest of investors in securities

B. To promote the development of securities market

C. To Regulate the securities market and all matters connected therewith or incidental thereto

D. All of the above

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68.
In which policy, if the policyholder survives till the end of this period, the risk cover lapses, and no insurance benefit payment is made to him/her?

A. Money Back Plan

B. Endowment Plans

C. Term Insurance Plans

D. Unit-linked insurance plan

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69.
Which of the following is not a Finance Company?

A. Hire-Purchase Finance Company

B. IRDA

C. Mutual Benefit Finance Companies

D. Loan Companies

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70.
Banking Ombudsman Scheme was introduced by RBI with effect from

A. 1998

B. 1995

C. 2001

D. 2005

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

61. PNB was established in:

Answer & Solution

62. Which of the following step should be beneficiary in correcting disequilibrium of balance of payment?

Answer & Solution

Answer & Solution

64. Which product offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan?

Answer & Solution

65. The Person whose risk is insured is called:

Answer & Solution

66. The operations of banks and financial institutions are regulated by

Answer & Solution

67. The main function/s of the Securities and Exchange Board of India is/are:

Answer & Solution

68. In which policy, if the policyholder survives till the end of this period, the risk cover lapses, and no insurance benefit payment is made to him/her?

Answer & Solution

69. Which of the following is not a Finance Company?

Answer & Solution

70. Banking Ombudsman Scheme was introduced by RBI with effect from

Answer & Solution

Read More Section(Banking and Financial Institutions)

61.
PNB was established in:

62.
Which of the following step should be beneficiary in correcting disequilibrium of balance of payment?

64.
Which product offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan?

65.
The Person whose risk is insured is called:

66.
The operations of banks and financial institutions are regulated by

67.
The main function/s of the Securities and Exchange Board of India is/are:

68.
In which policy, if the policyholder survives till the end of this period, the risk cover lapses, and no insurance benefit payment is made to him/her?

69.
Which of the following is not a Finance Company?

70.
Banking Ombudsman Scheme was introduced by RBI with effect from