Banking and Financial Institutions MCQs

Banks lend money by
1. Loan
2. Cash credit
3. Overdraft
4. Discounting of bill
Select the correct answer

Which of the following statements are true?
1. RBI follows Minimum Reserve System for issuing paper currency note.
2. Under Section 22 of the RBI Act, the RBI issues notes.
3. The bill which does not require any acceptance is called Promissory Note.
4. Bank deposit is a non-marketable security.

Which of the following are the core objectives of the FSDC?
1. Acts as an apex level forum to strengthen and institutionalize the mechanism for maintaining financial stability
2. Enhance inter-regulatory coordination and promoting financial sector development in the country

Which one of the following sources of domestic funds are raised by Companies?
1. IPO only
2. FPO only
3. Commercial papers

Which of the following safeguards are incorporated in Kisan Vikas Patra to prevent money laundering?
1. Upper investment limit is Rs. 10 lakh for an individual.
2. Person has to provide copy of PAN card for investment of Rs. 50,000 or more.
3. Person has to disclose source of income, if investment more than Rs. 10 lakhs.
4. No account can be opened without UID-Aadhar card.

Match List-I with List-II and select the correct answer:

List-I	List-II
a. Debit card	1. Several storage
b. Credit card	2. Online recovery of amount
c. Electronic purse	3. Image processing use
d. Cheque function	4. Revolving credit

Which of the following is not automatically helped by Financial inclusion?
1. Turning savings into investment
2. Reducing current account deficit
3. Decreasing inflation

Which of the following statement/s is/are correct?
1. Companies reduce pension fund risk by relying on fixed income strategies.
2. The real returns for pension funds are often lower than projections.
3. Corporations try to balance pension costs with staying competitive.

The World Trade Organization (WTO) formally commenced work