Banking and Financial Institutions MCQs
Practice free Banking and Financial Institutions multiple-choice questions with instant answer feedback and step-by-step solutions. Click an option to check yourself, reveal the full explanation, and work through all 1276 questions — no login required.
Question 1216hard
Which of the following statements are true in context of scheduled banks?
1. All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks.
2. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
3. Scheduled Commercial Banks in India are categorized into five different groups - SBI, Nationalised Banks, Regional Rural Banks, Foreign Banks and Other Indian Scheduled Commercial Banks in the private sector.
4. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.
1. All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks.
2. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
3. Scheduled Commercial Banks in India are categorized into five different groups - SBI, Nationalised Banks, Regional Rural Banks, Foreign Banks and Other Indian Scheduled Commercial Banks in the private sector.
4. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.
Question 1217hard
Match the following items of List I with the items of List II and indicate the correct matching.
| List-I (Name of Bank) | List-II (Year of Establishment) |
| a. IFCI | 1. 1981 |
| b. SIDBI | 2. 1982 |
| c. NABARD | 3. 1948 |
| d. EXIM | 4. 1990 |
Question 1218easy
Imperial Bank was established on 27th January, 1921 on the advice of:
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Question 1220hard
Which of the following statements are true in context of Development Financial Institutions (DFls) in few years after economic reforms in 1991?
1. DFls such ICICI, IDBI and IFCI had a huge pile of bad loans.
2. DFls no longer had access to low-cost long-term funds from the government or the central bank to finance large infrastructure projects. They were forced to borrow at higher rates from the market.
3. Banks began financing infrastructure projects, that was actually out of their mandate.
4. RBI established a committee under S. H. Khan for transition of DFIs into universal banks.
5. ICICI Bank and IDBI went for reverse merger in a quest to create Universal Banks.
1. DFls such ICICI, IDBI and IFCI had a huge pile of bad loans.
2. DFls no longer had access to low-cost long-term funds from the government or the central bank to finance large infrastructure projects. They were forced to borrow at higher rates from the market.
3. Banks began financing infrastructure projects, that was actually out of their mandate.
4. RBI established a committee under S. H. Khan for transition of DFIs into universal banks.
5. ICICI Bank and IDBI went for reverse merger in a quest to create Universal Banks.
Question 1221hard
The success of e-banking depends upon
1. Multi-layer Security System
2. Risk and Surveillance Management
3. Updated Flawless Softwares
4. Stringent Legal Frame work
Select the correct answer:
1. Multi-layer Security System
2. Risk and Surveillance Management
3. Updated Flawless Softwares
4. Stringent Legal Frame work
Select the correct answer:
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Question 1222medium
The success of E-banking depends upon:
1. Multi-layer Security System
2. Risk and Surveillance Management
3. Updated Flawless Software
4. Stringent Legal Frame-work
1. Multi-layer Security System
2. Risk and Surveillance Management
3. Updated Flawless Software
4. Stringent Legal Frame-work
Question 1223hard
Match the various stock exchanges in List-I with the years of their establishment in List-II as follows and suggest the correct option.
| List-I | List-II |
| a. National Stock Exchange | 1. 1875 |
| b. MCX Stock Exchange (MCX-SX) | 2. 1992 |
| c. Bombay Stock Exchange | 3. 2000 |
| d. Interconnected Stock Exchange of India | 4. 2008 |
Question 1224hard
Which of the following statement/s is/are correct of floating Rate Notes?
1. These are debt instruments on which variable interest rate is payable.
2. The rate of interest is linked to a benchmark rate of interest and changes with the change in such bench mark rate of interest.
1. These are debt instruments on which variable interest rate is payable.
2. The rate of interest is linked to a benchmark rate of interest and changes with the change in such bench mark rate of interest.