McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 1. |
____________ allocates saving efficiently in an economy to ultimate users either for investment in real assets or for consumption. |
| A. | Economic system |
| B. | Banking system |
| C. | Financial system |
| D. | Market system |
| Answer» C. Financial system | |
| 2. |
Which of the following is not a regulatory institution in Indian financial system? |
| A. | RBI |
| B. | CIBIL |
| C. | SEBI |
| D. | IRDA |
| Answer» B. CIBIL | |
| 3. |
_____________ is regarded as a queen of Indian financial system. |
| A. | SEBI |
| B. | RBI |
| C. | Finance Ministry |
| D. | BSE |
| Answer» B. RBI | |
| 4. |
National Housing bank is a fully owned subsidiary of___________. |
| A. | HDFC |
| B. | HSBC |
| C. | RBI |
| D. | HUDCO |
| Answer» C. RBI | |
| 5. |
Financial institutions are also known as ______________. |
| A. | Financial organization |
| B. | Financial intermediaries |
| C. | Financial system |
| D. | Any of the above |
| Answer» B. Financial intermediaries | |
| 6. |
____________is the first development financial institution in India. |
| A. | IDBI |
| B. | ICICI |
| C. | IFCI |
| D. | RBI |
| Answer» C. IFCI | |
| 7. |
IDBI was established in ____________. |
| A. | 1948 |
| B. | 1954 |
| C. | 1992 |
| D. | 1964 |
| Answer» D. 1964 | |
| 8. |
______________is an apex institution to coordinate, supplement and integrate the activities of all existing specialized financial institutions. |
| A. | IFCI |
| B. | IDBI |
| C. | RBI |
| D. | SEBI |
| Answer» B. IDBI | |
| 9. |
Which of the following is not an asset held by Commercial Banks? |
| A. | Bills of Exchange |
| B. | Current Account Deposits |
| C. | Money Lent at short Notice |
| D. | Credit Balances with the Reserve Bank |
| Answer» B. Current Account Deposits | |
| 10. |
Which of the following combinations is correct? |
| A. | NABARD--------Industrial Loan |
| B. | RBI---------------Long term Finance |
| C. | RRB---------------Agriculture Finance |
| D. | IDBI---------------Short Term Loans |
| Answer» C. RRB---------------Agriculture Finance | |
| 11. |
Which of the following is not an organized sector in India? |
| A. | Nationalized Banks |
| B. | Regional Rural Banks |
| C. | Cooperative Banks |
| D. | Chits and Money lenders |
| Answer» D. Chits and Money lenders | |
| 12. |
In which year was the Banking Regulation Act passed? |
| A. | 1949 |
| B. | 1955 |
| C. | 1959 |
| D. | 1969 |
| Answer» A. 1949 | |
| 13. |
When did the National Bank of Agriculture and Rural Development establish? |
| A. | July, 1982 |
| B. | July, 1969 |
| C. | June, 1951 |
| D. | June, 1961 |
| Answer» A. July, 1982 | |
| 14. |
Which of the following is the apex institution which handles refinance for agriculture and rural development in India? |
| A. | RBI |
| B. | SIDBI |
| C. | NABARD |
| D. | RBI |
| Answer» C. NABARD | |
| 15. |
At which of the following cities is the Head Office of Reserve Bank of India located? |
| A. | Mumbai |
| B. | New Delhi |
| C. | Kolkata |
| D. | Dehradun |
| Answer» A. Mumbai | |
| 16. |
“Scheduled bank” in India means a bank _____. |
| A. | Incorporated under the Companies Act, 1956 |
| B. | Authorized to the Banking business |
| C. | Governed by the Banking Regulation Act, 1949 |
| D. | Included in the Second schedule to the Reserve Bank of India Act 1934 |
| Answer» D. Included in the Second schedule to the Reserve Bank of India Act 1934 | |
| 17. |
Which is the largest commercial bank in India? |
| A. | Bank of India |
| B. | Axis Bank |
| C. | State Bank of India |
| D. | HDFC |
| Answer» C. State Bank of India | |
| 18. |
Co-operative Societies Act was enacted in which year? |
| A. | 1912 |
| B. | 1949 |
| C. | 1935 |
| D. | 1913 |
| Answer» A. 1912 | |
| 19. |
With whom does the ownership of Public sector banks rest? |
| A. | Government of India |
| B. | Jointly with Government of India and share-holders from the public |
| C. | Jointly with Government of India and State Bank of India |
| D. | Jointly with Government of India and Reserve Bank of India |
| Answer» A. Government of India | |
| 20. |
In which year was the Bank of Maharashtra established? |
| A. | 1937 |
| B. | 1935 |
| C. | 1934 |
| D. | 1949 |
| Answer» B. 1935 | |
| 21. |
Urban Cooperative Banks are also called as? |
| A. | Short-term co-operatives |
| B. | Secondary Cooperative Banks |
| C. | Primary Cooperative Banks |
| D. | Long-term co-operatives |
| Answer» C. Primary Cooperative Banks | |
| 22. |
What is the full-form of NBFC? |
| A. | Non-Bank Financial Competition |
| B. | Non-Bank Foreign Company |
| C. | Non-Banking Financial Company |
| D. | Non-Banking Finance Corporation |
| Answer» C. Non-Banking Financial Company | |
| 23. |
Who insures banks in India? |
| A. | IRDA |
| B. | EXIM |
| C. | DICGC |
| D. | ECGC |
| Answer» C. DICGC | |
| 24. |
How many developments banks are there in India? |
| A. | 5 |
| B. | 6 |
| C. | 7 |
| D. | 8 |
| Answer» B. 6 | |
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