McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Bachelor of Commerce in Finance (B.Com Finance) .
Chapters
| 401. |
In India, banks cannot do hire purchase business without the permission of |
| A. | SEBI |
| B. | Central Govt. |
| C. | State govt. |
| D. | RBI |
| Answer» D. RBI | |
| 402. |
LIC was nationalised in the year |
| A. | 1956 |
| B. | 1954 |
| C. | 1969 |
| D. | 1972 |
| Answer» A. 1956 | |
| 403. |
Banking Regulation Act was passed in the year |
| A. | 1969 |
| B. | 1935 |
| C. | 1948 |
| D. | 1949 |
| Answer» D. 1949 | |
| 404. |
Loans for pensioners are given up to-----------months of pension amount. |
| A. | 12 |
| B. | 6 |
| C. | 24 |
| D. | 36 |
| Answer» B. 6 | |
| 405. |
Consumer loans are granted for-----------period. |
| A. | Medium |
| B. | Short |
| C. | Long |
| D. | Both long and medium |
| Answer» B. Short | |
| 406. |
The maximum amount of education loan is Rs…………..lakh for study in India. |
| A. | 10 |
| B. | 15 |
| C. | 7.5 |
| D. | 20 |
| Answer» C. 7.5 | |
| 407. |
Housing advances are……………………in nature. |
| A. | Medium |
| B. | Short |
| C. | Long |
| D. | Both long and medium |
| Answer» C. Long | |
| 408. |
Housing loan sanctioned to redeem prior debts obtained from friends for the purchase of a house is called…………loan. |
| A. | Conversion |
| B. | Flexible installment |
| C. | Refinance |
| D. | Renovation |
| Answer» C. Refinance | |
| 409. |
HDFC was established in the year |
| A. | 1982 |
| B. | 1977 |
| C. | 1972 |
| D. | 1964 |
| Answer» B. 1977 | |
| 410. |
Education loan maximum is…………….lakh for study abroad. |
| A. | 10 |
| B. | 15 |
| C. | 7.5 |
| D. | 20 |
| Answer» B. 15 | |
| 411. |
Housing loan sanctioned to pay off an old housing loan at a higher rate of interest and enjoy a new one at a lower rate is called: |
| A. | Conversion loan |
| B. | Flexible installment loan |
| C. | Transfer plan loan |
| D. | Refinance loan |
| Answer» C. Transfer plan loan | |
| 412. |
LIC Housing Finance Ltd was established in the year |
| A. | 1982 |
| B. | 1989 |
| C. | 1972 |
| D. | 1964 |
| Answer» B. 1989 | |
| 413. |
RBI Act passed in the year |
| A. | 1934 |
| B. | 1935 |
| C. | 1936 |
| D. | 1949 |
| Answer» A. 1934 | |
Done Studing? Take A Test.
Great job completing your study session! Now it's time to put your knowledge to the test. Challenge yourself, see how much you've learned, and identify areas for improvement. Don’t worry, this is all part of the journey to mastery. Ready for the next step? Take a quiz to solidify what you've just studied.