Banking and Financial Institutions MCQs

Question 1

A January month Nifty futures contract will expire on the last . . . . . . . . of January.

Accepted Answer

thursday

Answer

monday

Answer

tuesday

Answer

wednesday

Question 2

Under which of the following methods of depreciation, amount of depreciation varies every year:

Accepted Answer

Written Down Value Method

Answer

Straight Line Method

Answer

Amount of depreciation does not vary on year to year basis

Answer

None of the above

Question 3

Which of the following is Fisher's equation of quantity theory of money?

Accepted Answer

$$P = \frac{{MV + M'V'}}{T}$$

Answer

$$P = \frac{M}{T}$$

Answer

$$P = \frac{M}{{kR}}$$

Answer

$$P = \frac{n}{{k + rK}}$$

Question 4

Which one of the following statement is correct?

Accepted Answer

IDBI, NABARD have been notified as Public Financial Institutions (PFls) under Companies Act, 1956

Answer

General insurance corporation provides cover for life risks

Answer

NBFC take deposits from the public

Answer

NABARD was established on the recommendations of Narasimham Committee-I (1991)

Question 5

Bonds or debentures issued by Securitization company should bear interest not less than:

Accepted Answer

1.5% over the Bank Rate

Answer

Bank Rate

Answer

Prime Lending Rate

Answer

1.5% over the Saving Rate

Question 6

Reserve Bank of India was established in

Accepted Answer

1935

Answer

1948

Answer

1950

Answer

1951

Question 7

Direct supervision over depositories and mutual funds is undertaken by:

Accepted Answer

SEBI

Answer

NBFCs

Answer

RBI

Answer

All of the above

Question 8

Which among the following are criticism of World Trade organization (WTO)? 1. It is not a democratic and transparent institution. 2. it has domination of international trade by rich countries for the benefit of their individual interests. 3. It encourages a 'race to the bottom' in wages by pitting workers against each other rather than promoting internationally recognized labour standards. 4. It is seeking to privatize essential public services.

Accepted Answer

1, 2, 3 and 4

Answer

2, 3 and 4

Answer

1, 2 and 3

Answer

1, 2 and 4

Question 9

Out of the following, which are the schemes of Social Security? (i) Provident Fund Scheme (ii) Health Insurance Scheme (iii) Job Guarantee Scheme (iv) Maternity Benefit Scheme (v) Merit Promotion Scheme (vi) Compulsory and Voluntary Social Insurance Scheme (vii) Child Insurance Scheme

Accepted Answer

(i), (ii), (iv) and (vi)

Answer

(ii), (i), (v) and (vii)

Answer

(iii), (v), (iv) and (vi)

Answer

(iv), (vii), (iii) and (ii)