Banking and Financial Institutions MCQs

Question 1

Match the following items of List-I with the items of List-II : List-I List-II a. IDBI 1. 1956 b. ICICI 2. 1955 c. LIC of India 3. 1990 d. SIDBI 4. 1964

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 2

What is true about the Basel Committee on Banking Supervision (BCBS)?
1. BCBS is an Indian National Committee of banking supervisory authority.
2. BCBS was established by a group of 19 nationalized commercial banks.
3. BCBS was established in 1996.
4. It provides a forum for regular cooperation on banking supervisory matters.

Accepted Answer

4 only

Answer

1 and 2 only

Answer

2 and 3 only

Answer

3 and 4 only

Question 3

Non-Banking Financial Companies can be classified as:
1. Asset Finance Company (AFC)
2. Investment Company (IC)
3. Loan Company
4. Foreign Trade Company (FTC)
Choose the correct answer from the options given below:

Accepted Answer

1, 2 and 3 only

Answer

2, 3 and 4 only

Answer

1, 3 and 4 only

Answer

1, 2 and 4 only

Question 4

What is POP-SP in relation to New Pension System introduced on the 1 st May 2009:

Accepted Answer

Point of Presence Service Provider for registering the citizens under the Scheme and remitting their subscriptions

Answer

Popular Service Provider for registering the citizens under the Scheme and remitting their subscriptions

Answer

Both A and B

Answer

None of the above

Question 5

Match the following. List-I List-II a. Bank of Hindustan 1. 1843 b. General Bank of India 2. 1840 c. Bank of Bombay 3. 1786 d. Bank of Madras 4. 1770

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 6

Consider the following statements. Assertion (A): The future will see mostly the electronic money clearance through satellite networking. Reasoning (R): RBI is encouraging e-banking.

Accepted Answer

Both (A) and (R) are true and (R) is the correct explanation of (A)

Answer

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

Answer

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

Answer

Both (A) and (R) are true, but (R) does not support (A)

Question 7

Match the following items of List-I with List-Il : List-I List-II a. SWIFT 1. 1996 b. NEFT 2. 1988 c. BASEL I Accord 3. 1973 d. BASEL II Accord 4. 2004

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 8

Financial Institutions are an important segment of the financial system of any country as they provide medium to Long-term finance to different sectors of the economy. Which of the following can be termed as specialised bank/s in India?
1. EXIM Bank
2. NABARD
3. RBI
4. NHB
5. SIDBI
6. ICICI

Accepted Answer

All of the above

Answer

1, 3 and 5

Answer

3, 4 and 6

Answer

1, 2, 4 and 5

Question 9

Consider the following statements: Assertion (A): Use of paper money is replaced by plastic money. The future will see the electronic money clearance through satellite networking. Reason (R): RBI is encouraging e-banking.

Accepted Answer

Both (A) and (R) are true

Answer

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

Answer

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

Answer

Both (A) and (R) are false

List-I	List-II
a. IDBI	1. 1956
b. ICICI	2. 1955
c. LIC of India	3. 1990
d. SIDBI	4. 1964

List-I	List-II
a. Bank of Hindustan	1. 1843
b. General Bank of India	2. 1840
c. Bank of Bombay	3. 1786
d. Bank of Madras	4. 1770

List-I	List-II
a. SWIFT	1. 1996
b. NEFT	2. 1988
c. BASEL I Accord	3. 1973
d. BASEL II Accord	4. 2004