Banking and financial institutions Archives - MCQ and Quiz for Exams

1. PRAN Stands for:

Permanent Retirement Account Number

Pension Retirement Account Number

Permanent Referral Account Number

None of the Above

Detailed SolutionPRAN Stands for:

2. NSE’s Certification in Financial Markets (NCFM) is a necessary qualification for becoming a trading member.

Yes

No

Both A and B

None of these

Detailed SolutionNSE’s Certification in Financial Markets (NCFM) is a necessary qualification for becoming a trading member.

3. Which purpose of the following is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss?

Subrogation

Indemnity

Insurable interest

Contribution

Detailed SolutionWhich purpose of the following is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss?

4. National Housing Bank was established in 1987 as wholly owned subsidiary of which of the following?

State Bank of India

Life Insurance Corporation of India

Reserve Bank of India

Industrial Finance Corporation of India

Detailed SolutionNational Housing Bank was established in 1987 as wholly owned subsidiary of which of the following?

5. Which of the following is not a function of a Rural Bank?

To accept deposit

To waive loans

To grant advances

To supply inputs to farmers

Detailed SolutionWhich of the following is not a function of a Rural Bank?

6. Unsecured exposure will attract the following provision

20% for assets in sub-standard category

100% for assets in doubtful and loss category

Both A and B

None of the above

Detailed SolutionUnsecured exposure will attract the following provision

7. Match the following. List-I List-II a. Bank of Hindustan 1. 1843 b. General Bank of India 2. 1840 c. Bank of Bombay 3. 1786 d. Bank of Madras 4. 1770

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

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

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

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

Detailed SolutionMatch the following. List-I List-II a. Bank of Hindustan 1. 1843 b. General Bank of India 2. 1840 c. Bank of Bombay 3. 1786 d. Bank of Madras 4. 1770

8. Banks lend money by 1. Loan 2. Cash credit 3. Overdraft 4. Discounting of bill Select the correct answer

Both 1 and 2

1, 2 and 4

2, 3 and 4

All of these

Detailed SolutionBanks lend money by 1. Loan 2. Cash credit 3. Overdraft 4. Discounting of bill Select the correct answer

9. When did the National Housing Bank start its operations?

July, 1982

July, 1988

April, 1980

March, 1971

Detailed SolutionWhen did the National Housing Bank start its operations?

10. Every listed company is required to submit to the stock exchange the shareholding pattern of the company on a

quarterly basis

monthly basis

yearly basis

half yearly basis

Detailed SolutionEvery listed company is required to submit to the stock exchange the shareholding pattern of the company on a

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