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Banking and Financial Institutions - Banking and Financial Institutions Section 2 Online Exam Quiz

Important questions about Banking and Financial Institutions - Banking and Financial Institutions Section 2. Banking and Financial Institutions - Banking and Financial Institutions Section 2 MCQ questions with answers. Banking and Financial Institutions - Banking and Financial Institutions Section 2 exam questions and answers for students and interviews.

1. How many types of Bank are there on the Basis of ownership?

Options

A : Two Types

B : 5 types

C : 4 types

D : 3 types

2. The statement "A Banker is a person or corporation which holds itself out to receive from the public, deposit payable on demand on the cheque." is given by

Options

A : Findlay shirras

B : Kinley

C : T.G. Hart

D : Walter leaf

3. Bank classifications according to the law are

Options

A : Private Bank

B : Scheduled Bank

C : Non-Scheduled Bank

D : Both (b) and (c)

4. In which year the first Central Bank in the world was established?

Options

A : 1660

B : 1670

C : 1680

D : 1668

5. Bank classification is possible according to

Options

A : Ownership

B : Law

C : function

D : All of the above

46. The powers of controllers of capital issues of India is now shifted to

Options

A : Ministry of finance

B : SEBI

C : AMFI

D : Ministry of corporate office

47. Which one is not a finance company?

Options

A : Hire-purchase finance company

B : IRDA

C : Mutual Benefit finance companies

D : Loan companies

48. The most important reason for an investor to go for a bank deposit is

Options

A : The creditworthiness of the bank

B : The Bank does not invest in the securities

C : The Bank offers a guarantee

D : All of the above

49. 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

50. Which of the following limits the power of credit creation by Commercial Bank

Options

A : Fiscal Policy

B : Banking Loan

C : Business Possession

D : None of the above

51. From which date have all banks started sharing their ATM force of cost for transactions?

Options

A : January 1, 2009

B : April 1, 2009

C : July 1, 2009

D : September 1, 2009

52. The number of the approved stock exchange in India is

Options

A : 24

B : 21

C : 18

D : 15

53. In India, the basic objectives of Monetary Policy is/are

Options

A : Price stability and adequate credit flow

B : Price control and command on the economy

C : Price reduction and credit reduction

D : All of the above

54. Which one of the following is the main objective of the unit trust of India?

Options

A : To mobilize the saving of high-income groups

B : To mobilize the saving of low and high-income groups

C : To mobilize the saving of corporates

D : To mobilize the saving of low and middle-income groups

55. E-banking is synonymous with

Options

A : Tele-Banking

B : Internet Banking

C : Furo Banking

D : None of the above

56. The first financial institution set up in India

Options

A : IDBI

B : ICICI

C : IRBI

D : IFCI

57. In order to control credit and investment, the Central Bank of a country should

Options

A : Sell securities in the open market and hike the cash reserve ratio.

B : Buy securities in the open market and lower the cash reserve ratio.

C : Buy securities from the open market and hike the cash reserve ratio.

D : Sell securities in the open market and lower the cash reserve ratio.

58. Which one of the following is not an instrument of credit control in the banking system?

Options

A : Open market operations

B : Cash Reserve Ratio

C : Tax rates

D : All of the above

59. Which of the following is a measure of selective credit control

Options

A : Bank rate policy

B : The statutory cash reserve ratio

C : Open market operation

D : None of the above

60. NABARD has taken over the entire functions of

Options

A : ARDC

B : ACD of RBI

C : RPCD of RBI

D : All of the above

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