Banking and Financial Institutions MCQs

Question 1

Which of the following functions rolled into one body by SEBI?

Accepted Answer

All of the above

Answer

Quasi Legislative

Answer

Quasi Judicial

Answer

Quasi Executive

Question 2

Consider the following: 1. Allowing convertibility of rupee at the market rate in the current account 2. Nationalization of general insurance business 3. Establishment of IDBI 4. Nationalization of life insurance business 5. Capital adequacy norms for commercial banks Arrange the events in the ascending order of their occurrence.

Accepted Answer

4, 3, 2, 1, 5

Answer

1, 2, 3, 4, 5

Answer

4, 5, 3, 2, 1

Answer

1, 5, 2, 3, 4

Question 3

SEBI Ombudsman was introduced in the year:

Accepted Answer

2003

Answer

2000

Answer

2002

Answer

2005

Question 4

Which of the following statement/s is/are true?

Accepted Answer

Both A and B

Answer

Development banks are financial institutions that provide long-term credit for capital-intensive investments such as heavy industry, infrastructure, mining, etc., that are spread over a long period

Answer

The commercial banks were seen with Short-term and medium-term perspective in terms of liquidity. They were not in a position to make investments in Long-term projects

Answer

Neither A nor B

Question 5

The number of associate banks of State Bank of India

Accepted Answer

7

Answer

8

Answer

9

Answer

11

Question 6

. . . . . . . . refers to the process of removing or stripping the legal status of a currency.

Accepted Answer

Demonetisation

Answer

Digitisation

Answer

Financial Inclusion

Answer

Micro finance

Question 7

The features of the commercial papers are

Accepted Answer

All of the above

Answer

it is an unsecured money market instrument issued in the form of promissory note

Answer

the highly rated corporate borrowers can raise short-term funds through this instrument

Answer

it is an additional instrument to the investing community

Question 8

ISO 14000 deals with quality standard for:

Accepted Answer

Environmental Management

Answer

Technology Management

Answer

Knowledge Management

Answer

Information Management

Question 9

Banking on telephone service includes: (i) Automatic balance voice out (ii) Inquiry all term deposit account (iii) Direct cash withdrawl (iv) Utility bill payment (v) Voice out last five transactions

Accepted Answer

(i), (ii), (iv) and (v)

Answer

(i), (ii), (iii) and (v)

Answer

(ii), (iii), (iv) and (v)

Answer

(i), (ii), (iii), (iv) and (v)