Banking and Financial Institutions MCQs

Question 1

In the context to 'Quantity theory of money', which of the following is not correctly matched?

Accepted Answer

$${	ext{Robertson}}:P = \frac{{MK}}{T}$$

Answer

$${	ext{Fisher}}:MV = PT$$

Answer

$${	ext{Pigou}}:P = \frac{{KR}}{M}$$

Answer

$${	ext{Keynes}}:P = \frac{n}{k}$$

Question 2

Which of the following are the sponsors of different Regional Rural Banks that operate in few districts at the most?

Accepted Answer

Nationalized Commercial Banks

Answer

Government of India

Answer

Reserve Bank of India

Answer

None of these

Question 3

Settlement risk can be avoided only if:

Accepted Answer

settlements are made on real time basis

Answer

there is a global settlement agency

Answer

foreign exchange transactions are traded in Derivatives

Answer

All of the above

Question 4

Atal Pension Yojana is a type of:

Accepted Answer

Guaranteed Pension Scheme

Answer

Self-invested personal pension (SIPP)

Answer

Additional voluntary contributions (AVe) scheme

Answer

All of the above

Question 5

Which of the following are the characteristic of a financial intermediary? 1. It introduces borrowers to lenders. 2. It has assets which exceed liabilities. 3. It increases liquidity for lenders. 4. It reduces transaction costs for borrowers and lenders. 5. It makes excess profit.

Accepted Answer

3 and 4

Answer

2 and 3

Answer

1, 2 and 3

Answer

3, 4 and 5

Question 6

When a country decides to conduct trade on favourable terms with another country for mutual benefits, this is called:

Accepted Answer

MFN Status

Answer

FTA System

Answer

Bilateral Trade

Answer

Counter Trade

Question 7

The first development financial institution of India was

Accepted Answer

IFCI

Answer

IDBI

Answer

ICICI

Answer

UT

Question 8

In the early stages, commercial banks were

Accepted Answer

in private sector

Answer

in public sector

Answer

government agency

Answer

quasi-autonomous National Government Organisation

Question 9

In computer parlance, "FTP" means:

Accepted Answer

File Transfer Protocol

Answer

File Transit Protocol

Answer

File Translate Protocol

Answer

File Typing Protocol