Banking and Financial Institutions MCQs

Question 1

In 1992, the banking sector reforms were introduced as per:

Accepted Answer

M. Narasimham Committee Report

Answer

C. Rangarajan Committee Report

Answer

Suresh Tandulkar Committee Report

Answer

Sukhamoy Chakrabarty Committee Report

Question 2

Which of the following theory determines the value of currency is?

Accepted Answer

Quantitative principle of money

Answer

Object principle of money

Answer

State principle of money

Answer

None of the above

Question 3

"Skimming" in e-banking refers to:

Accepted Answer

Identifying fraudsters copying vital information from credit cards

Answer

Multiple transactions by one credit card

Answer

Conversion of a debit card into credit card

Answer

None of the above

Question 4

What is Call Money?

Accepted Answer

Money borrowed or lent for a day or overnight

Answer

Money borrowed for more than one day but up to 3 days

Answer

Money borrowed for more than one day but up to 7 days

Answer

Money borrowed for more than one day bur up to 14 days

Question 5

International Monetary Fund provides-

Accepted Answer

Emergency loan

Answer

Seasonal loan

Answer

Sustainability loan

Answer

All of these

Question 6

Which bank has become the first foreign bank to open a branch in Israel's diamond exchange?

Accepted Answer

State Bank of India

Answer

American Express Bank

Answer

Citi Bank

Answer

Standard Chartered Bank

Question 7

E-banking business is essentially regulated by the Information Technology Act 2000, under which personal signature is replaced by:

Accepted Answer

Digital signature

Answer

Encrypted signature

Answer

Image signature

Answer

Online signature

Question 8

Which of the following Payments Bank is the first one to start giving its services in India?

Accepted Answer

Airtel Payments Bank

Answer

Paytm Payments Bank

Answer

India Post Payments Bank

Answer

FINO Payments Bank

Question 9

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

Accepted Answer

a-1, b-2, c-3, d-4

Answer

a-1, b-3, c-2, d-4

Answer

a-4, b-2, c-3, d-1

Answer

a-4, b-3, c-2, d-1