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Banking and Financial Institutions - Banking and Financial Institutions Section 1 Online Exam Quiz

Important questions about Banking and Financial Institutions - Banking and Financial Institutions Section 1. Banking and Financial Institutions - Banking and Financial Institutions Section 1 MCQ questions with answers. Banking and Financial Institutions - Banking and Financial Institutions Section 1 exam questions and answers for students and interviews.

1. Bank deposit refers to

Options

A : The amount of money standing to the credit of a customer of a bank

B : A term used by the Federal Reserve to refer to the total deposits of member banks

C : The amount of money standing to the debit as a customer of a bank

D : All of the above

2. As per the RBI's clean note policy writing on a currency note is

Options

A : An offense

B : A crime

C : A punishable offence

D : The notes becomes non-legal tender

3. Nationalization of banks aimed at all of the following except

Options

A : Removal of control by a few

B : Provision of control by a few

C : Provision of adequate credit for agriculture, small industry and export units

D : Encouragement of a new class of entrepreneur

4. Who is the chairman of the working group to review the Benchmark Prime Lending Rate constituted by RBI?

Options

A : M.S. Verma

B : R.N. Malhotra

C : J.V. Shetty

D : Deepak Mohanty

5. Which of the following is the latest buzzword among bankers

Options

A : Social banking

B : Financial inclusion

C : Mass banking

D : None of the above

46. The commercial bank do not perform one function out of the following

Options

A : Mobilization of saving

B : Giving loans and advances

C : Issues currency notes

D : Financing priority sectors

47. On which of the following banks the Reserve Bank of India depends

Options

A : Co-operative Banks

B : Regional Rural Banks

C : Commercial Banks

D : Development Banks

48. The rate at which RBI lends to banks under the Liquidity Adjustment Facility (LAF) is called

Options

A : Repo Rate

B : Reverse Repo Rate

C : Bank Rate

D : Cash Reserve Ratio

49. The minimum maturity period in foreign currency non-resident (FCNR-B) scheme is

Options

A : 1 Year

B : 2 years

C : 5 Years

D : 10 Years

50. Which one is not the part of Migration to a new capital adequacy framework based on the three-pillar approach namely?

Options

A : Minimum capital requirement

B : Supervisory review

C : Market discipline

D : Bookkeeping

51. Which was the first Bank to be established in 1148?

Options

A : SBI

B : CBI

C : Reserve Bank

D : Casa De SanGiorgio

52. Italian money lenders were known as Banechi or Banacheri because

Options

A : They had a lot of money

B : They had a money bank

C : They kept a special type of table to transact their business

D : All of the above

53. Which of the following are the objectives and functions of IDBI?

Options

A : To provide technical and administrative assistance for promotion or expansion of the industry

B : To undertake market and investment research and surveys as also technical and economic studies in connection with development of the industry.

C : To act as lender of last resort and to finance projects that are in conformity with national priorities

D : All of these

54. Banks can avail refinance against loans made to industrial units from

Options

A : DICGC

B : NABARD

C : ECGC

D : IDBI

55. Assertion (A). Indent may be open or closed. Open indent does not specify the price and other details of the goods. The closed indent specific the brand, price, number, packing, shipping made, insurance etc. Reason (R). This is required as a part of export procedures.

Options

A : Both (A) and (R) are correct

B : Both (A) and (R) are not correct

C : (A) is true, but (R) is false

D : (R) is true, but (A) is false

56. Assertion (A). The use of paper money is replaced with plastic money. The future will see electronic money clearance through satellite networking. Reason (R). RBI is encouraging e-banking.

Options

A : (A) is false, but (R) is true

B : (A) is true, but (R) is false

C : Both (A) and (R) are false

D : Both (A) and (R) are true

57. The importance of SFls may be attributed to

Options

A : they constitute an important source of long-term finance to industry.

B : SFis have played an important role in the development of (a) Small scale industry, (b) Projects in backward areas.

C : They have helped new and small entrepreneurs in setting up industry.

D : All of the above

58. The ICICI was formed in

Options

A : 1952

B : 1953

C : 1954

D : 1955

59. The first Public bank was

Options

A : SBI

B : Rural Bank

C : PNB

D : Bank of Venice

60. At present most of the Indian Banks are falling under the

Options

A : Chain Banking System

B : Unit Banking System

C : Branch Banking System

D : None of the above

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