Banking and Financial Institutions MCQs

Question 1

The First Report of Narsimhan Committee for the banking sector reforms was presented

Accepted Answer

In 1991

Answer

In 1990

Answer

In 1992

Answer

In 1994

Question 2

What is meant by devaluation of rupee?

Accepted Answer

Decrease in external purchasing power of rupee

Answer

Decrease in the weight of coins

Answer

Decrease in domestic purchasing power of rupee

Answer

Decrease in the face value of rupee

Question 3

Which of the following statement is correct about daily volumes in the call money market?

Accepted Answer

Call money markets record the highest daily transaction value amongst all segments of debt markets

Answer

These volumes are usually lower than the volumes in the repo markets

Answer

These volumes are comparable with volumes in the ICD and CP markets

Answer

They register the largest transaction value after government securities

Question 4

An investor sold 100 nifty futures at Rs 4,500 future. He bought them back at Rs. 5,000 per future total profit/loss is Rs.

Accepted Answer

(-) 5,000

Answer

(+) 4,000

Answer

(-) 4,000

Answer

(+) 5,000

Question 5

What is the upper limit prescribed for RTGS transaction?

Accepted Answer

No upper limit is prescribed

Answer

Rs. 5 lakhs

Answer

Rs. 1 lakhs

Answer

Rs. 25 lakhs

Question 6

Which of the following companies has received the Tata Energy Research Institute (TERI) award?

Accepted Answer

Shreeram jute products ltd

Answer

Soshasai paper and boards ltd

Answer

Sundari rubber mills ltd

Answer

Siyaram textiles ltd

Question 7

Reserve Bank of India has not authorized banks to approve limits relating to:

Accepted Answer

None of the above

Answer

Cash Reserve Ratio

Answer

Statutory Liquidity Ratio

Answer

Foreign Exchange Operations

Question 8

Match the following concepts of List-I with List-II. List-I List-II a. Raghuram Rajan 1. Financial Services b. Nachiketa Mor 2. Banking licenses c. Arvind Mayaram 3. Comprehensive Financial Services for Small Businesses and Low Income Households d. Bimal Jalan 4. New definitions for FDI and FII

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 9

Which of the following concepts principle of indemnity is applicable to?

Accepted Answer

Property insurance

Answer

Life Insurance

Answer

Personal accident insurance

Answer

Proximate Cause