Banking and Financial Institutions MCQs

Question 1

Which one of the following is not a social evil of the money?

Accepted Answer

Trade cycles

Answer

Fraud

Answer

Murders

Answer

Corruption

Question 2

Which of the following statement is/are correct? 1. 50 paise coin is limited legal tender money in India. 2. Bills of exchange is an optional money. Select the correct answer:

Accepted Answer

Both 1 and 2

Answer

Only 1

Answer

Only 2

Answer

Neither 1 nor 2

Question 3

What is the banking known as when a group of persons come together to own and control three or more independently chartered banks?

Accepted Answer

Chain Banking

Answer

Shadow Banking

Answer

Universal Banking

Answer

Narrow Banking

Question 4

Which of the following economist suggested the idea of setting up of development banks at international level such as World Bank and IMF, the same idea resulted in setting up of development banks by different nations in their boundaries?

Accepted Answer

John Maynard Keynes

Answer

Henry Kaiser

Answer

President Roosevelt

Answer

Vladimir Lenin

Question 5

Under Section 37 of the Banking (Regulation) Act, a moratorium order can be issued by the High Court for a maximum total period of:

Accepted Answer

Six months

Answer

One month

Answer

One year

Answer

One and a half year

Question 6

Which of the following statements is true?

Accepted Answer

A SEBI registered stock broker having a 'minimum networth of Rs. 1 crore is eligible to join NSDL as a DP

Answer

A stock broker having a minimum networth of Rs. 50 lakh is eligible to join NSDL as a DP irrespective of whether it is registered with SEBI

Answer

A SEBI registered stock broker is eligible to join NSDL as a DP. There is no minimum networth requirement

Answer

A SEBI registered stock broker having a minimum networth of Rs. 50 lakh is eligible to join NSDL as a DP

Question 7

Real Time Gross Settlement (RTGS) is managed by

Accepted Answer

Reserve Bank of India

Answer

State Bank of India

Answer

Indian Bank's Association

Answer

Government of India

Question 8

Earlier it was known as Bank of Italy, today its name is

Accepted Answer

Bank of America

Answer

Bank of England

Answer

Citi Bank

Answer

A.N.Z. Grind lays bank

Question 9

Which one among the following promoted the concept of self-help groups (SHGs) for financing the poor?

Accepted Answer

NABARD

Answer

RBI

Answer

Union Ministry of Rural Development

Answer

Union Ministry of Labour