Banking and Financial Institutions MCQs

Question 1

What is the mean by Insurance?

Accepted Answer

Contract

Answer

Uncertainty

Answer

Peril

Answer

Hazard

Question 2

Consider the following statements. Assertion (A): RBI is entrusted with the management of the public debt and issue of new loans and treasury bills on behalf of the central and state Governments. Reasoning (R): The Governor and the Deputy Governors of RBI are appointed by the Central Government solely for the purpose in assertion.

Accepted Answer

(A) and (R) both are correct but (R) is not the right explanation of (A)

Answer

(A) is correct but (R) is not correct

Answer

(A) and (R) both are correct and (R) is the right explanation of (A)

Answer

(A) and (R) both are not correct

Question 3

Before issuance of currency notes, RBI held . . . . . . . . securities.

Accepted Answer

All of the above

Answer

gold coins and bullion

Answer

foreign securities

Answer

government of India's securities

Question 4

In order to control inflation and ensure stability in money market:

Accepted Answer

The RBI acts independently and can refuse the government directive

Answer

The RBI works under the direction of ministry of finance, government of India

Answer

The RBI acts under the board of directors

Answer

The RBI's board of governors shall abide by the government directive

Question 5

Which was an oldest insurance company found in 1906?

Accepted Answer

National Insurance Company

Answer

LIC

Answer

Agriculture Insurance Company of India

Answer

United India Insurance Company

Question 6

Lot of banks in India, these days are offering M-Banking facility to their customers. What is the full form of 'M' in 'M-Banking'?

Accepted Answer

Message

Answer

Money

Answer

Mobile Phone

Answer

Marginal

Question 7

The largest bank in India is

Accepted Answer

State Bank of India

Answer

Central Bank of India

Answer

Bank of Baroda

Answer

Indian Overseas Bank

Question 8

Branches receive Potential Linked Plan through:

Accepted Answer

Block Level Banker's Committee

Answer

State Level Banker's Committee

Answer

District Consultative Committee

Answer

Lead Bank Department

Question 9

Which of the following expressions amount to the import restriction measures? (i) Currency control (ii) Establishment of EPZs (iii) Tariff cuts (iv) Imposition of tariffs (v) Imposition of non-tariff barriers

Accepted Answer

(i), (iv) and (v)

Answer

(i), (ii) and (iii)

Answer

(iii), (iv) and (v)

Answer

(ii), (iii) and (v)