Banking and Financial Institutions MCQs

Question 1

The minimum and maximum court fee that is required to be paid for filing a suit in a Debt Recovery Tribunal is:

Accepted Answer

Rs. 12,000; Rs. 1,50,000

Answer

Rs. 5,000; Rs. 1,00,000

Answer

Rs. 10,000; Rs. 1,00,000

Answer

Rs. 12,000; no ceiling

Question 2

SIDBI was set up in . . . . . . . . as a wholly owned subsidiary of . . . . . . . .

Accepted Answer

1990, IDBI

Answer

1985, EXIM

Answer

1969, RRBS

Answer

1975, IFCI

Question 3

Which of the following is not a well-known agency for long-term loans for industries:

Accepted Answer

IMF

Answer

IDBI

Answer

IFCI

Answer

SFCS

Question 4

Which of the following statements is not correct?

Accepted Answer

Nationalization of commercial banks has achieved its objectives

Answer

Prior to nationalization, commercial bank in India were generally concerned with profit maximisation only

Answer

Nationalization has enhanced the efficiency of commercial banks

Answer

Bank nationalization in India was promoted by the necessity of credit facilities reaching the rural sector and weaker section of the society

Question 5

Nachiket Committee has recommended Universal Electronic Bank Account (UEBA). How will it be achieved?

Accepted Answer

None of above

Answer

Nationalized Banks will be required to hold camps and Melas to enrol people in UEBA

Answer

RBI will issue a circular mandating all scheduled commercial banks to enrol all the unbanked BPL families in their branch territories under UEBA

Answer

Every resident will be issued a UEBA account automatically at the time of receiving their Aadhaar number

Question 6

'NABARD' provides re-finance for

Accepted Answer

All of the above

Answer

Short term

Answer

Medium term

Answer

Long term

Question 7

Match the items in List-I with the items in List-II: List-I List-II a. ATM card 1. NPA b. Debts due for more than 30 days 2. John Shephard Barron c. Micro finance 3. State Finance Corporations Act d. State level finance corporations 4. NABARD

Accepted Answer

a-2, b-1, c-4, d-3

Answer

a-3, b-1, c-2, d-4

Answer

a-3, b-4, c-2, d-1

Answer

a-2, b-3, c-1, d-4

Question 8

. . . . . . . . schemes are seen as riskier than . . . . . . . . schemes.

Accepted Answer

None of the above

Answer

Debt, equity

Answer

Equity, debt

Answer

Both A and B

Question 9

Identity the correct combination of statements with regard to banking in India: 1. The Presidency banks had acted as quasi - central banks for many decades in India. 2. The Bank of Hindustan was liquidated during 1829-32. 3. General Bank of India was an unsuccessful bank and was dissolved in 1791. 4. Bank of Calcutta was renamed as Bank of Bengal in 1921.

Accepted Answer

1, 2 and 3

Answer

2, 3 and 4

Answer

1, 2 and 4

Answer

1, 2, 3 and 4