Banking and Financial Institutions MCQs

Question 1

Which of the following is the best description of what insurance is?

Accepted Answer

Insurance - Collective bearing of risk

Answer

Insurance - Paying for other mistake

Answer

Insurance - Paying for something with will never happen

Answer

All of the above

Question 2

Who suggested the Agua (Lead) bank scheme?

Accepted Answer

Nariman Committee

Answer

Abid Committee

Answer

Narsingham Committee

Answer

Narayan Commitee

Question 3

Packing credit facility to exporters is provided by.

Accepted Answer

Commercial Banks

Answer

Reserve Bank of India

Answer

Cooperative Banks

Answer

Export Credit and Guarantee

Question 4

The first Indian RRB that achieved Core Banking Solution (CBS) in 2011 is:

Accepted Answer

Rushikulya Gramya Bank (RGB)

Answer

Pallavan Bank

Answer

Allahabad UP Gramin Bank

Answer

Bangiya Gramin Vikash Bank

Question 5

A rise in "Sensex" means:

Accepted Answer

an overall rise in prices of shares of group of companies registered with the Bombay Stock Exchange

Answer

a rise in prices of shares of all companies registered with the Bombay Stock Exchange

Answer

an overall rise in prices of shares of all companies registered with the National Stock Exchange

Answer

a rise in prices of shares of all companies belonging to a group of companies registered with the Bombay Stock Exchange

Question 6

As per the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, no acquirer who has acquired 15% or more, but less than 55% of the shares of a company shall acquire additional shares of the percentage specified below unless a public announcement is made.

Accepted Answer

5%

Answer

2%

Answer

15%

Answer

10%

Question 7

"Insurance is a plan by which large number of people associate themselves and transfer to the shareholders of all, risk that attach to the individual. "Who said these words.

Accepted Answer

John H. Magee

Answer

A. H. Willed

Answer

Sprigller

Answer

Lewis

Question 8

Credit worthiness score in India ranges between

Accepted Answer

300 to 900

Answer

300 to 600

Answer

500 to 1000

Answer

900 to 1600

Question 9

If a client buys shares worth Rs. 1,00,000 and sells shares worth Rs. 1,00,000 through a stock-broker, then the maximum brokerage payable is:

Accepted Answer

Rs. 5,000

Answer

Rs. 4,000

Answer

Rs. 2,000

Answer

Rs. 6,000