Banking and Financial Institutions MCQs

Which of the following statement/s is/are correct in context of Nachiket Mor Committee? 1. Universal Electronic Bank Account 2. Ubiquitous Access to Payment Services and Deposit Products at Reasonable Charges 3. Sufficient Access to Affordable Formal Credit 4. Universal Access to a Range of Deposit and Investment Products at Reasonable Charges 5. Universal Access to a Range of Insurance and Risk Management Products at Reasonable Charges 6. Right to Suitability

IRDA has the power to frame the regulations under of the Insurance Act, 1938.

Credit risk is defined as

Which of the following activity is not permissible for NBFCs?

Which of these DFI was primarily set up for the development of the Micro, Small and Medium Enterprise sector?

Match the following concepts of List-I with List-II. List-I List-II a. Malhotra Committee 1. To analysis the financial condition of the RRBs in India b. Deepak Mohanty Committee 2. Broad Framework of Insurance Sector c. Sukhmoy Chakravarty Committee 3. A medium-term five-year plan for financial inclusion d. K. C. Chakrabarty Committee 4. Review Working of Monetary System

Which of the following are included under representation functions of a bank? 1. Payment of cheques and bills 2. Providing remittance facilities 3. Underwriting of securities 4. Advancing clean credit 5. Allowing overdrafts on current account 6. Purchase and sale of securities

Nearness of near money depends on

The political, commercial and natural risks of exporter are covered by: