Banking and Financial Institutions MCQs

Question 1

Contribution towards Rural Infrastructure Development Fund is made by

Accepted Answer

Only those commercial banks, who fail to achieve the stipulated benchmark of agricultural advances and/or priority sector advances

Answer

NABARD and Commercial Banks jointly

Answer

State Government and Government of India

Answer

Infrastructure Development Finance Company

Question 2

Basel Committee on Banking Supervision is a committee of banking super authorities that was established by:

Accepted Answer

Central Bank governors of the group of 10 countries

Answer

RBI

Answer

Unites state of America

Answer

European countries

Question 3

FEMA was implemented in the year . . . . . . . . in India.

Accepted Answer

2000

Answer

1998

Answer

2001

Answer

2008

Question 4

Which one of the apex bodies regulates the cooperative banks in India?

Accepted Answer

SBI

Answer

NABARD

Answer

Sponsor Banks

Answer

Both A and B

Question 5

A loan is considered to be a NPA when it has not been serviced for a period up to:

Accepted Answer

90 Days

Answer

14 Days

Answer

30 Days

Answer

45 Days

Question 6

'Bank rate' is the rate at which commercial banks

Accepted Answer

Borrow money from Reserve Bank

Answer

Lend money to Customers

Answer

Borrow money from customers

Answer

Lend money to Reserve Bank of India

Question 7

'Eazypay', India's first mobile app for merchants to accept payments on mobile phone through multiple digital modes belongs to which bank?

Accepted Answer

ICICI Bank

Answer

Federal Bank

Answer

Dhanalakshmi Bank

Answer

Yes Bank

Question 8

Which statement is false with reference to dead stocks of a bank?

Accepted Answer

These are non-performing assets

Answer

They yield no profit to bank

Answer

These include furniture and buildings

Answer

These are used to increase reputation

Question 9

ATM was first introduced in India by Hongkong and Singapore Banking Corporation (HSBC) in the year

Accepted Answer

1989

Answer

1984

Answer

1982

Answer

1987