Banking and Financial Institutions MCQs
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Question 1234medium
Which among the following is not a subsidiary of RBI?
1. Deposit Insurance and Credit Guarantee Corporation of India.
2. Bharatiya Reserve Bank Note Mudran Private Limited.
1. Deposit Insurance and Credit Guarantee Corporation of India.
2. Bharatiya Reserve Bank Note Mudran Private Limited.
Question 1235hard
Which of the following statement/s is/are correct?
1. Payment bank cannot issue credit cards.
2. There is a limit on maximum balance of individual customer in payment bank.
3. SLR requirements for payment banks and small banks is less than commercial banks.
4. Priority sector lending up to 40% is mandatory for both private banks and small banks.
1. Payment bank cannot issue credit cards.
2. There is a limit on maximum balance of individual customer in payment bank.
3. SLR requirements for payment banks and small banks is less than commercial banks.
4. Priority sector lending up to 40% is mandatory for both private banks and small banks.
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Question 1237hard
Match List-I (committee) with List-II (subject) and select the correct answer:
| List-I (Committee) | List-II (Subject) |
| a. Tandon Committee | 1. Capital financing |
| b. Rakesh Mohan Committee | 2. Infrastructure development |
| c. Narsimhan Committee | 3. Financial sector reforms |
| d. Omkar Goswami Committee | 4. Industrial sickness |
Question 1238hard
Match the following.
| List-I | List-II |
| a. Letter of reference | 1. Advancing loans |
| b. Sale of gold coins | 2. Receiving deposits |
| c. Recurring account | 3. Non-banking function |
| d. Overdrafts | 4. Agency function |
Question 1239hard
The number of RRBs has been decreasing as per recommendations of certain committees. From the number of 196 in 2005, this has reduced to which of the following number as on 31st March, 2020?
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Question 1240hard
Find incorrect statements about Small Savings instruments in India.
1. Their interest rates are administered by the Bench Prime Lending rate (BPLR) of RBI.
2. Money collected from SSI, is transferred to National Investment Fund (NIF).
3. Money collected from SSI, forms a part of the Consolidated Fund of India.
1. Their interest rates are administered by the Bench Prime Lending rate (BPLR) of RBI.
2. Money collected from SSI, is transferred to National Investment Fund (NIF).
3. Money collected from SSI, forms a part of the Consolidated Fund of India.
Question 1241hard
What is/are the following differences between private and public limited companies?
1. In a private limited company there is restriction on the number of members, where as no such restriction is applicable on a public limited company.
2. A private limited company can be listed on a stock exchange, where as a public limited company is always listed on a stock exchange.
3. A private limited company cannot issue debentures, whereas a public limited company can issue debentures.
1. In a private limited company there is restriction on the number of members, where as no such restriction is applicable on a public limited company.
2. A private limited company can be listed on a stock exchange, where as a public limited company is always listed on a stock exchange.
3. A private limited company cannot issue debentures, whereas a public limited company can issue debentures.
Question 1242hard
Which of the following can be identified as the proper sequence of banking sector phases in India?
1. It was under private sector control.
2. There was social control.
3. Nationalization happened.
4. There was deregulation.
1. It was under private sector control.
2. There was social control.
3. Nationalization happened.
4. There was deregulation.