Banking and Financial Institutions MCQs
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Question 1261hard
Which of the following statement/s is/are correct regarding Nidhi companies?
1. Nidhi companies can borrow and lend to the members only.
2. They are registered under the Companies Act and are regulated by the Ministry of Cooperate Affairs.
3. They are included under NBFCs and are also regulated by the RBI.
1. Nidhi companies can borrow and lend to the members only.
2. They are registered under the Companies Act and are regulated by the Ministry of Cooperate Affairs.
3. They are included under NBFCs and are also regulated by the RBI.
Question 1262medium
Reserve Bank of India controls the activities of some of the following banks in India:
1. Commercial Banks
2. Cooperative Banks
3. Foreign Banks
4. Rural Banks
1. Commercial Banks
2. Cooperative Banks
3. Foreign Banks
4. Rural Banks
Question 1263easy
From which date, banks were allowed free to fix base rates by RBI?
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Question 1264hard
Match the following.
| List-I | List-II |
| a. Certificate of deposits | 1. 91 days, 182 days and 346 days |
| b. Debentures | 2. 3 to 5 months |
| c. Treasury bills | 3. 1 day to 270 days |
| d. Commercial papers | 4. Longer period in years |
Question 1265medium
To promote digital transactions, Life Insurance Corporation waive off the convenience fee on all payments to the national insurer, effective from which date?
Question 1266hard
With reference to Indian Money Market, arrange the following events in chronological order-
1. Establishment of Discount and Finance House of India Limited (DFHL)
2. Establishment of Securities Trading Corporation of India (STCI)
3. Introduction of Certificate of Deposit
4. Introduction of Repurchase Agreement (Repo) by R.B.I.
Select the correct answer
1. Establishment of Discount and Finance House of India Limited (DFHL)
2. Establishment of Securities Trading Corporation of India (STCI)
3. Introduction of Certificate of Deposit
4. Introduction of Repurchase Agreement (Repo) by R.B.I.
Select the correct answer
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Question 1267hard
Which of the following statements are true in context of Statutory Liquidity Ratio (SLR)?
1. They are regulated under Banking Regulation Act 1949.
2. It is mandatory for all scheduled commercial banks, local area banks, Primary (Urban) co-operative banks (UCBs), state co-operative banks and central co-operative banks in India to maintain the SLR.
3. Banks get a return on SLR.
1. They are regulated under Banking Regulation Act 1949.
2. It is mandatory for all scheduled commercial banks, local area banks, Primary (Urban) co-operative banks (UCBs), state co-operative banks and central co-operative banks in India to maintain the SLR.
3. Banks get a return on SLR.
Question 1268hard
Which of the following statement/s is/are correct in context of Nachiket Mor Committee?
1. Universal Electronic Bank Account
2. Ubiquitous Access to Payment Services and Deposit Products at Reasonable Charges
3. Sufficient Access to Affordable Formal Credit
4. Universal Access to a Range of Deposit and Investment Products at Reasonable Charges
5. Universal Access to a Range of Insurance and Risk Management Products at Reasonable Charges
6. Right to Suitability
1. Universal Electronic Bank Account
2. Ubiquitous Access to Payment Services and Deposit Products at Reasonable Charges
3. Sufficient Access to Affordable Formal Credit
4. Universal Access to a Range of Deposit and Investment Products at Reasonable Charges
5. Universal Access to a Range of Insurance and Risk Management Products at Reasonable Charges
6. Right to Suitability
Question 1269hard
How does shadow banking differ from commercial banking?
1. While commercial banks are tightly regulated, shadow banking is not well regulated.
2. Shadow banking cannot create money.
3. While liabilities of commercial banks are insured, shadow banking liabilities are not insured.
4. While commercial banks access to central bank liquidity in the times of distress, shadow banking does not have such resource.
Select the correct answer:
1. While commercial banks are tightly regulated, shadow banking is not well regulated.
2. Shadow banking cannot create money.
3. While liabilities of commercial banks are insured, shadow banking liabilities are not insured.
4. While commercial banks access to central bank liquidity in the times of distress, shadow banking does not have such resource.
Select the correct answer: