Banking and Financial Institutions MCQs

Question 1

The performance of which scheme does the National Housing Bank monitor?

Accepted Answer

Golden Jubilee Rural Housing Finance Scheme

Answer

Liberalized Finance Scheme

Answer

Energy Efficient Housing Finance Scheme

Answer

Finance scheme for indirect loans

Question 2

In which of the following types of insurance, we use the term 'assurance'?

Accepted Answer

Life Insurance Business

Answer

Marine Insurance Business

Answer

Fire Insurance Business

Answer

Motor Vehicle Business

Question 3

Which of the following organizations is the Mutual Fund market regulator in India?

Accepted Answer

SEBI

Answer

RBI

Answer

ICICI

Answer

CIBIL

Question 4

Which of the following institutions grants SDR:

Accepted Answer

IMF

Answer

IBRD

Answer

IDA

Answer

UNDP

Question 5

Which of the following statement/s is/are correct in context of G-secs?

Accepted Answer

All of the above

Answer

Central Government issues both, treasury bills and bonds or dated securities

Answer

State Governments issue only bonds or dated securities, which are called the State Development Loans

Answer

G-Secs carry practically no risk of default and, hence, are called risk-free gilt-edged instruments

Question 6

Consider the following statements. 1. To curtail the commercial banks from over liquidating. 2. To increase or decrease the flow of bank credit.

Accepted Answer

Both 1 and 2 are true

Answer

Only 1 is true

Answer

Only 2 is true

Answer

Neither 1 nor 2 is true

Question 7

For the discharge of its functions efficiently, SEBI has been vested with the following powers: 1. To approve by-laws of stock exchanges. 2. To direct the stock exchanges to amend their by-laws. 3. Inspect the books of accounts and call for periodical returns from recognized stock exchanges. 4. Inspect the books of accounts of financial intermediaries.

Accepted Answer

All of the above

Answer

1, 2 and 3

Answer

1, 3 and 4

Answer

2, 3 and 4

Question 8

The buyer or the importer who procures a Letter of Credit from his banker is called:

Accepted Answer

opener of the credit

Answer

beneficiary of the credit

Answer

negotiator of the credit

Answer

None of the above

Question 9

How many pillars are there in the Basel II Framework?

Accepted Answer

3

Answer

1

Answer

2

Answer

4