Introduction to Bank and Financial Institutions
About Bank and Financial Institutions MCQs
In this post you will get Bank and Financial Institutions MCQs which are especially for UGC NET and SET exams of various states such as SLET NE, GSET, WBSET. JKSET, Rajasthan SET, MP SET, MH SET, KSET and Kerala SET.
We try to cover all the questions asked in above mentioned exams relating to Bank and Financial Institutions MCQs. Visit our website regularly for latest contents.
Bank and Financial Institutions MCQs for UGC NET and SET Exams
1. The Minimum capital Adequacy Ratio (including capital conservation buffer) under Basel III norms is _______. [GSET]
(A) 9%.
(B) 10%.
(C) 10.5%.
(D) 12%.
Ans: (C) 10.5%.
2. Rationing of credit is an instrument of: [GSET]
(A) Open market operations.
(B) Selective credit controls.
(C) Quantitative credit controls.
(D) Credit creation.
Ans: (B) Selective credit controls.
(A) Detailed Minimum Alternate Tax.
(B) Dematerialised Automation.
(C) Dematerialised Account.
(D) Default Minimum Alternate Tax.
Ans: (C) Dematerialised Account.
4. PMJDY – a financial inclusion program denotes: [GSET]
(A) Pradhan Mantri Jan Dhan year.
(B) Pradhan Mantri Jan Dhan Yojana.
(C) Pradhan Mantri Jan Development Yojana.
(D) Pradhan Mantri Job Development Yojana.
Ans: (B) Pradhan Mantri Jan Dhan Yojana.
5. Which of the following Government scheme is related to financial inclusion? [GSET]
(A) PMJBY.
(B) UJJWALA YOJANA.
(C) PMJDY.
(D) PM-UDAY.
Ans: (C) PMJDY.
6. NBSFO’s: [GSET]
(A) Non-Bank Statutory Financial Organisations.
(B) National Bank for Securities Fund Organisations.
(C) National Bank for Statutory Fund Organisations.
(D) Non-Bank Securities Financial Organisations.
Ans: (A) Non-Bank Statutory Financial Organisations.
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7. ETF stands for: [GSET]
(A) Electronic Trade Funds.
(B) Exchange Traded Funds.
(C) Exchange Tariff Funds.
(D) Electronic Teller Funds.
Ans: (B) Exchange Traded Funds.
8. What is NGTA of RBI? [GSET]
(A) National Green Tribunal Authority.
(B) Next Generation Treasury Application.
(C) National Gross Treasure Authority.
(D) National Green Trees Authority.
Ans: (B) Next Generation Treasury Application.
9. IFCI stands for: [GSET]
(A) Indian Financial Corporation of India.
(B) Industrial Finance Corporation of India.
(C) Indian Finance Company of India.
(D) International Finance Corporation of India.
Ans: (B) Industrial Finance Corporation of India.
10. One of the following is not associated with Securities Contracts (Regulation) Act 1956: [GSET]
(A) Prevent undesirable transactions in securities.
(B) Regulate payment of taxes.
(C) Regulate dealings in securities.
(D) Regulation of stock exchanges.
Ans: (B) Regulate payment of taxes.
11. IDBI was established in the year: [GSET]
(A) 1955.
(B) 1964.
(C) 1969.
(D) 1980.
Ans: (B) 1964.
12. Minimum required paid-up capital for opening a Payment Bank according to RBI is [GSET]
(A) Rs. 500 crores.
(B) Rs. 100 crores.
(C) Rs. 300 crores.
(D) Rs. 200 crores.
Ans: (B) Rs. 100 crores.
13. NABARD stands for: [GSET]
(A) National Board for Agriculture and Rural Development.
(B) National Bank for Agriculture and Resource Development.
(C) National Bank for Agriculture and Rural Development.
(D) National Board for Agriculture and Remote Area Development.
Ans: (C) National Bank for Agriculture and Rural Development.
14. NABARD was established in the year _______. [GSET]
(A) 1935.
(B) 1955.
(C) 1969.
(D) 1982.
Ans: (D) 1982.
15. SLR stands for: [GSET]
(A) Statutory Liquidity Rate.
(B) Statutory Liquidity Ratio.
(C) Statutory Liquidity Return.
(D) Statutory Liquidity Risk.
Ans: (B) Statutory Liquidity Ratio.
16. Which among the following is not the instrument of monetary policy? [GSET]
(A) Deficit financing.
(B) Statutory liquidity ratio.
(C) Cash reserve ratio.
(D) Open market operation policy.
Ans: (A) Deficit financing.
17. MPC stands for: [GSET]
(A) Money Policy Committee.
(B) Member Policy Committee.
(C) Monetary Policy Committee.
(D) Monetary Public Committee.
Ans: (C) Monetary Policy Committee.
18. A merchant bank: [GSET]
(A) Accepts deposits from public for retail operations.
(B) Sales merchandize.
(C) Provides bill discounting facility.
(D) Provides management services for corporate public capital issues.
Ans: (D) Provides management services for corporate public capital issues.
19. The National Bank for Rural and Agricultural Development: [GSET]
(A) is an autonomous financial institution.
(B) is an institution providing re-finance facility for agricultural credit.
(C) provides re-finance for micro-finance.
(D) all of the above.
Ans: (D) all of the above.
20. The capital adequacy norms for Banks according to Basle III cover: [GSET]
(A) Credit risk and default risk.
(B) Credit risk, interest rate risk and market risk.
(C) Market risk only.
(D) Interest rate risk only.
Ans: (B) Credit risk, interest rate risk and market risk.
21. Which instrument is used most often by the Reserve Bank of India to control liquidity in the short-run? [GSET]
(A) Interest Rate.
(B) Base Rate.
(C) Repo Rate.
(D) Bank Rate.
Ans: (C) Repo Rate.
22. The Industrial Finance Corporation of India was set up to: [GSET]
(A) provide finance to small scale industries.
(B) provide medium and long-term finance to large industries.
(C) provide short-term finance to large scale industries.
(D) provide long-term finance to small scale industries.
Ans: (B) provide medium and long-term finance to large industries.
23. Credit Policy of Government of India is declared by: [GSET]
(A) State Bank of India.
(B) IMF.
(C) Ministry of Finance.
(D) RBI.
Ans: (D) RBI.
24. State Bank of India was established in the year: [GSET]
(A) 1935.
(B) 1955.
(C) 1964.
(D) 1969.
Ans: (A) 1935.
25. Capital Adequacy Ratio for Banks as per Basel III norms: [GSET]
(A) 8%.
(B) 4%.
(C) 2%.
(D) 5%.
Ans: (A) 8%.
26. Which among the following was the first bank to open a branch on foreign soil? [GSET]
(A) State Bank of India.
(B) Bank of India.
(C) Bank of Punjab.
(D) Allahabad Bank.
Ans: (B) Bank of India.
27. Which is the largest Co-operative Bank spread over many States in India? [GSET]
(A) Saraswat Co-operative Bank.
(B) Cosmos Co-operative Bank Ltd.
(C) SVC Co-operative Bank Ltd.
(D) Bharat Co-operative Bank (Mumbai) Ltd.
Ans: (A) Saraswat Co-operative Bank.
28. Match the following: [GSET]
|
List A Institution |
List B Year of Establishment |
|
(1) Imperial Bank of India. (2) Reserve Bank of India. (3) State Bank of India. (4) Industrial Development Bank of India. |
(a) 1935. (b) 1955. (c) 1921. (d) 1964. |
Code:
(A) (1)-(a), (2)-(c), (3)-(d), (4)-(b).
(B) (1)-(d), (2)-(a), (3)-(b), (4)-(c).
(C) (1)-(a), (2)-(d), (3)-(c), (4)-(b).
(D) (1)-(c), (2)-(a), (3)-(b), (4)-(d).
Ans: (D) (1)-(c), (2)-(a), (3)-(b), (4)-(d).
29. Which of the following statements is not true? [GSET]
(A) The Industrial Finance Corporation of India provides long and medium term financing.
(B) The Industrial Development Bank of India re-discounts commercial bills.
(C) The Reserve Bank of India invests in the equity market.
(D) The State Bank of India gives loans to small businesses.
Ans: (C) The Reserve Bank of India invests in the equity market.
30. Cooperative Banks are meant for the: [GSET]
(A) Rural Economy.
(B) Urban Economy.
(C) Semi-rural Economy.
(D) Globalized Economy.
Ans: (A) Rural Economy.
31. NSDL denotes: [GSET]
(A) National Supply and Distribution Limited.
(B) National Securities Depository Limited.
(C) National Securities Deposits and Loan.
(D) National Securities Development Limited.
Ans: (B) National Securities Depository Limited.
32. Which is the first mutual fund established in India? [GSET]
(A) SBI Mutual Fund.
(B) Kothari Pioneer.
(C) UTI.
(D) Aditya Birla Sun Life AMC Ltd.
Ans: (C) UTI.
33. The term ‘Exchange rate regime’ refers to [GSET]
(A) The mechanism for determining exchange rate at a point in time.
(B) The procedure for determining exchange rate at a point in time.
(C) The institutional framework for determining exchange rate at a point in time.
(D) The mechanism, procedures and institutional framework for determining exchange rates at a point in time and change in them over time.
Ans: (D) The mechanism, procedures and institutional framework for determining exchange rates at a point in time and change in them over time.
34. When SEBI was established? [GSET]
(A) 1935.
(B) 1965.
(C) 1992.
(D) 1955.
Ans: (C) 1992.
35. The Committee appointed by SEBI in the year 2003 for suggesting how best to future improve the Corporate Governance (CG) practices was: [GSET]
(A) National Committee on Corporate Governance.
(B) The Kumarmangalam Birla Committee.
(C) The Ambani Committee.
(D) The Narayan Murthy Committee.
Ans: (D) The Narayan Murthy Committee.
36. SEBI is: [GSET]
(A) A Bank.
(B) An Insurance company.
(C) A Regulatory agency.
(D) A Rating agency.
Ans: (C) A Regulatory agency.
37. IMPS denotes: [GSET]
(A) International Money Payment System.
(B) Immediate Payment Service.
(C) Intermediate Payment System.
(D) Indian Money Payment System.
Ans: (B) Immediate Payment Service.
38. Statement I: RBI occupies the central position because it regulates and controls the credit supply of the nation. [GSET]
Statement II: Indian Money Market is still unorganised money market.
After reading these two statements select the correct answer from the following:
(A) Both I and II are true.
(B) Only I is true and II is false.
(C) Only II is true and I is false.
(D) In fact, both I and I are false.
Ans: (B) Only I is true and II is false.
39. Which one of the following banks was nationalised on April 15, 1980? [GSET]
(A) Bank of India.
(B) Punjab National Bank.
(C) Bank of Baroda.
(D) Corporation Bank.
Ans: (D) Corporation Bank.
40. The credit and financial facilities to the small and marginal farmers, agricultural labour, artisans, small entrepreneurs and persons of small means engaged to productive activities in rural areas are provided by: [GSET]
(A) Deposit Banks.
(B) NABARD.
(C) Rural Banks.
(D) Urban Co-operative Banks.
Ans: (C) Rural Banks.
41. Bank Rate, Repo and Reserve Repo rates are determined by: [GSET]
(A) State Bank of India (SBI).
(B) Bank of Saurashtra.
(C) Bank of Baroda.
(D) Reserve Bank of India (RBI).
Ans: (D) Reserve Bank of India (RBI).
42. Merchant Banking covering public issues and underwriting of securities is regulated by one of the following: [GSET]
(A) RBI.
(B) Securities Act, 1956.
(C) ICICI.
(D) Guidelines of Ministry of Finance.
Ans: (D) Guidelines of Ministry of Finance.
43. The call money market refers to the market for: [GSET]
(A) Term loans.
(B) Extremely short-term period loans.
(C) Long-term period loans.
(D) Short-term period loans.
Ans: (B) Extremely short-term period loans.
44. Debenture is called a: [GSET]
(A) Senior Security.
(B) Junior Security.
(C) Hybrid Security.
(D) Government Security.
Ans: (A) Senior Security.
45. The operationalise online interest, mobile banking, and debit card and credit card tools, one of the below is not essential: [GSET]
(A) Compliance with the Information Technology Act, 2000.
(B) The Right to Information Act, 2005.
(C) Satellite connection.
(D) Selection of a portal and server.
Ans: (B) The Right to Information Act, 2005.
46. Right to sell security is called: [GSET]
(A) Sell option.
(B) Put option.
(C) Call option.
(D) Double option.
Ans: (B) Put option.
47. IRDA was founded in the year _______. [GSET]
(A) 1955.
(B) 1969.
(C) 1982.
(D) 1999.
Ans: (D) 1999.
48. The operations of banks and financial institutions are not regulated by: [GSET]
(A) The RBI Act, 1934.
(B) The Banking Regulations Act, 1949.
(C) Information Technology Act, 2000.
(D) The Companies Act, 2013.
Ans: (D) The Companies Act, 2013.
49. UPI denotes: [GSET]
(A) United Payment Interface.
(B) Unity Program for India.
(C) Union Progressive India.
(D) Unified Payment Interface.
Ans: (D) Unified Payment Interface.
50. GDR stands for: [GSET]
(A) Global Depository Receipt.
(B) Global Deposit Receipt.
(C) Global Dividend Receipt.
(D) Global Drawing Receipt.
Ans: (A) Global Depository Receipt.
51. For issuance of ADR [GSET]
(A) The Indian company directly issues the same to global investors.
(B) The Indian company issues its shares to reputed financial institution in USA that acts as depository.
(C) The Indian company directly issues the same to UK investors.
(D) The Indian company issues its shares to reputed financial institution in UK that acts as depository.
Ans: (B) The Indian company issues its shares to reputed financial institution in USA that acts as depository.
52. What is the minimum amount for RTGS transactions under Retail Internet Banking? [GSET]
(A) Rs. 5,00,000.
(B) Rs. 2,00,000.
(C) Rs. 10,00,000.
(D) Rs. 1,00,000.
Ans: (B) Rs. 2,00,000.
53. IPPB in Banking denotes [GSET]
(A) Indian Public Personal Banking.
(B) India Post Payment Bank.
(C) India Post Public Bank.
(D) Indian Public Payments Bank.
Ans: (B) India Post Payment Bank.
54. _______ is simply the use of Electronic means to transfer funds directly from one account to another rather than by cheque or cash. [GSET]
(A) M-Banking.
(B) O-Banking.
(C) E-Banking.
(D) D-Banking.
Ans: (C) E-Banking.
55. The Capital to Risk Weighted Asset Ratio is used to determine: [GSET]
(A) Non-performing assets of the Bank.
(B) Profitability of Bank.
(C) Capital adequacy position.
(D) All of the above.
Ans: (C) Capital adequacy position.
56. Which of the following is most important for a Bank? [GSET]
(A) Systematic risk.
(B) Country risk.
(C) Credit risk.
(D) Sovereign risk.
Ans: (C) Credit risk.
57. EXIM banks are created for financing: [GSET]
(A) Industrial manufacturing.
(B) Mining.
(C) Oil exploration.
(D) Trade promotion.
Ans: (D) Trade promotion.
58. Which one is a rediscounting rate used by Reserve Bank of India? [GSET]
(A) Repo Rate.
(B) Bank Rate.
(C) Credit Rate.
(D) Growth Rate.
Ans: (B) Bank Rate.
59. Match the items of List I with the items of List II and choose the correct option from the codes given below: [GSET]
|
List I |
List II |
|
(a) Central Bank of India. (b) Industrial Finance Corporation. (c) Reserve Bank of India. (d) Insurance. |
(1) Central Bank. (2) IRDA. (3) Industrial Bank. (4) Commercial Bank. |
Codes:
(A) (a)-(1), (b)-(2), (c)-(3), (d)-(4).
(B) (a)-(4), (b)-(3), (c)-(1), (d)-(2).
(C) (a)-(3), (b)-(4), (c)-(2), (d)-(1).
(D) (a)-(2), (b)-(1), (c)-(4), (d)-(3).
Ans: (B) (a)-(4), (b)-(3), (c)-(1), (d)-(2).
60. Bank Rate is determined by: [GSET]
(A) Ministry of Finance.
(B) State Bank of India.
(C) Reserve Bank of India.
(D) Ministry of Corporate Affairs.
Ans: (C) Reserve Bank of India.
61. _______ is the promoter of CRISIL. [GSET]
(A) ICICI.
(B) IFCI.
(C) IDBI.
(D) None of the above.
Ans: (A) ICICI.
62. ECGC stands for: [GSET]
(A) Export Credit Guarantees Company.
(B) Export Credit Guarantee Corporation Limited.
(C) Export Credit Guarantee Company Limited.
(D) Export Credit Guarantee Corporation.
Ans: (D) Export Credit Guarantee Corporation.
63. The Reserve Bank of India (RBI) came into existence legally as on: [GSET]
(A) 1st April, 1935.
(B) 1st April, 1927.
(C) 1st April, 1947.
(D) 1st April, 1949.
Ans: (A) 1st April, 1935.
64. ‘BOLT’ system in the Indian Securities market is related to: [GSET]
(A) National Stock Exchange.
(B) Bombay Stock Exchange.
(C) Over the Counter Stock Exchange of India.
(D) Multi commodity Stock Exchange.
Ans: (B) Bombay Stock Exchange.
65. EPSS stands for: [GSET]
(A) Electronic Performance Services System.
(B) Electronic Performance Support System.
(C) Electronic Process Support System.
(D) Electronic Profit Support System.
Ans: (B) Electronic Performance Support System.
66. _______ is main promoter of CRISIL. [GSET]
(A) RBI.
(B) IDBI.
(C) ICICI.
(D) SBI.
Ans: (C) ICICI.
67. ECS denotes: [GSET]
(A) Electronic Clearance System.
(B) Electronic Credit System.
(C) Electronic Channel System.
(D) Electronic Clearance Service.
Ans: (D) Electronic Clearance Service.
68. Stock market represents: [GSET]
(A) Primary market.
(B) Secondary market.
(C) Bullion market.
(D) Real estate market.
Ans: (B) Secondary market.
69. Deferred shares are known as: [GSET]
(A) Sweet shares.
(B) Founders’ shares.
(C) Preference shares.
(D) Equity shares.
Ans: (B) Founders’ shares.
70. Which one of the following is not a financial institution? [GSET]
(A) Reserve Bank of India.
(B) Finance Ministry.
(C) State Bank of India.
(D) Life Insurance Corporation.
Ans: (B) Finance Ministry.
71. The Deposit Insurance and Credit Guarantee Corporation of India was established in the year: [GSET]
(A) 1978.
(B) 1968.
(C) 1988.
(D) 1996.
Ans: (A) 1978.
72. How many entities are involved in regulating the financial sector in India? [GSET]
(A) 3.
(B) 5.
(C) 10.
(D) 1.
Ans: (B) 5.
73. Which one of the following is not credit rating agency? [GSET]
(A) CRISIL.
(B) Moody’s.
(C) IRDA.
(D) ICRA.
Ans: (C) IRDA.
74. Global depository receipts (GDRs) are issued in _______ market. [GSET]
(A) Indian capital.
(B) US capital.
(C) Euro.
(D) Australian capital.
Ans: (C) Euro.
75. FCCBs stands for: [GSET]
(A) Foreign Capital Convertible Bonds.
(B) Foreign Currency Convertible Bonds.
(C) Foreign Currency Capital Bonds.
(D) Foreign Capital Currency Bonds.
Ans: (B) Foreign Currency Convertible Bonds.
76. SEBI is _______. [GSET]
(A) Stock Exchange.
(B) Credit Rating Agency.
(C) Regulatory Agency.
(D) Bank.
Ans: (C) Regulatory Agency.
77. Which one of the following is not money market instrument? [GSET]
(A) Certificate of Deposit.
(B) Commercial Paper.
(C) Treasury Bill.
(D) Debenture.
Ans: (D) Debenture.
78. SDR’s are allocated by the: [GSET]
(A) WTO.
(B) IMF.
(C) RBI.
(D) IFC.
Ans: (B) IMF.
79. Which bank merged with ICICI Bank in the year 2010? [GSET]
(A) Punjab National Bank.
(B) Bank of Rajasthan.
(C) J&K Bank.
(D) None of the above.
Ans: (B) Bank of Rajasthan.
80. SIDBI Act was passed in the year _______. [GSET]
(A) 1989.
(B) 1990.
(C) 1991.
(D) 1992.
Ans: (A) 1989.
81. Match the items of List I with the List II: [GSET]
|
List I: Institution |
List II: Year of Establishment |
|
(I) IFCI. (II) IDBI. (III) UTI. (IV) ICICI. |
(1) 1948. (2) 1955. (3) 1962. (4) 1964. |
Codes:
(A) (I)-(3), (II)-(2), (III)-(4), (IV)-(1).
(B) (I)-(4), (II)-(1), (III)-(2), (IV)-(3).
(C) (I)-(2), (II)-(3), (III)-(1), (IV)-(4).
(D) (I)-(1), (II)-(4), (III)-(3), (IV)-(2).
Ans: (D) (I)-(1), (II)-(4), (III)-(3), (IV)-(2).
82. Match the items of List I with List II: [GSET]
|
List I: Functions of RBI |
List II: Illustration |
|
(I) Central Banking Function. (II) Prohibitory Function. (III) General Banking Function. (IV) Development Function. |
(1) Lending of Money. (2) Bank cannot pay interest on its deposits. (3) Deposit Insurance. (4) Regulation of Foreign Exchange. |
Codes:
(A) (I)-(4), (II)-(2), (III)-(1), (IV)-(3).
(B) (I)-(1), (II)-(3), (III)-(2), (IV)-(4).
(C) (I)-(2), (II)-(4), (III)-(3), (IV)-(1).
(D) (I)-(3), (II)-(1), (III)-(4), (IV)-(2).
Ans: (A) (I)-(4), (II)-(2), (III)-(1), (IV)-(3).
83. Match the items of List I with List II: [GSET]
|
List I |
List II |
|
(I) Commercial Bank. (II) Industrial Bank. (III) Agricultural Bank. (IV) Savings Bank. |
(1) Post Office. (2) NABARD. (3) State Finance Corporation. (4) Canara Bank. |
Codes:
(A) (I)-(3), (II)-(4), (III)-(1), (IV)-(2).
(B) (I)-(1), (II)-(2), (III)-(4), (IV)-(3).
(C) (I)-(4), (II)-(3), (III)-(2), (IV)-(1).
(D) (I)-(2), (II)-(1), (III)-(3), (IV)-(4).
Ans: (C) (I)-(4), (II)-(3), (III)-(2), (IV)-(1).
84. Schedule-3 of the Banking Act is related to: [GSET]
(A) Borrowings.
(B) Capital.
(C) Deposits.
(D) All of the above.
Ans: (C) Deposits.
85. The First Narasimham Committee brought about: [GSET]
(A) De-regulation of interest rates.
(B) De-regulation of borrowing.
(C) De-regulation of management of banks.
(D) De-regulation of bank customers.
Ans: (A) De-regulation of interest rates.
86. Electronic Banking requires: [GSET]
(A) Firewalls and operating systems.
(B) Codes and confidence.
(C) Electrons and passwords.
(D) Networks only.
Ans: (A) Firewalls and operating systems.
87. The Reserve Bank of India has evolved the following model for rating of Indian Banks: [GSET]
(A) GAAP.
(B) XBRL.
(C) CAMELS.
(D) BANCASSURANCE.
Ans: (C) CAMELS.
88. IDBI Bank was constituted through a: [GSET]
(A) Merger.
(B) Reserve merger.
(C) Take-over.
(D) Acquisition.
Ans: (B) Reserve merger.
89. The Universal banking covers: [GSET]
(A) Banking across the globe.
(B) Banking for all the customers.
(C) Providing all banking services.
(D) Banking for Universe.
Ans: (C) Providing all banking services.
90. NABARD is a: [GSET]
(A) Rural Bank.
(B) Refinancing Institution.
(C) Commercial Bank.
(D) Policy Making Bank.
Ans: Z
91. The SARFESAI Act 2005 empowers banks to: [GSET]
(A) increase NPAs.
(B) Offload NPAs on others.
(C) recover NPAs.
(D) dilute Assets.
Ans: (C) recover NPAs.
92. Which of the following is not a source of funds for State Financial Corporations? [GSET]
(A) Income from investment.
(B) Refinancing.
(C) International markets.
(D) Reserve Bank of India.
Ans: (C) International markets.
93. Which among the following is odd one? [GSET]
(A) AITUC.
(B) INTUC.
(C) FICCI.
(D) CITU.
Ans: (C) FICCI.
94. Micro, Small and Medium Enterprises Development Act, 2006 is related to: [GSET]
(A) Industrial Policy.
(B) Investment Limit.
(C) Business Opportunities.
(D) None of the above.
Ans: (B) Investment Limit.
95. The most significance recommendation of the first Narasimham Committee relating to private banks was related to: [GSET]
(A) Entry.
(B) Expansion.
(C) Merger.
(D) Branch network.
Ans: (A) Entry.
96. It refers to the advice given by the Reserve Bank of India to commercial banks in respect of banks lending and other operations: [GSET]
(A) Bank rate.
(B) Open market operations.
(C) Moral suasion.
(D) Repo rate.
Ans: (C) Moral suasion.
97. Parent Company and Holding Company words may be used in which type of banking? [GSET]
(A) Group Banking.
(B) Central Banking.
(C) Chain Banking.
(D) Correspondent Banking.
Ans: (A) Group Banking.
98. Institution having an important role in DEMAT set up is: [GSET]
(A) Stock exchanges.
(B) National Securities Depository Ltd.
(C) Stock Brokers.
(D) Reserve Bank of India.
Ans: (B) National Securities Depository Ltd.
99. Which of the following is the oldest form of a derivative contract? [GSET]
(A) Futures.
(B) Forwards.
(C) Options.
(D) Swaps.
Ans: (B) Forwards.
100. _______ was set-up by RBI to deepen and activate Indian Money Market. [GSET]
(A) State Trading Corporation of India.
(B) Discount and Finance House of India.
(C) Both of the above.
(D) None of the above.
Ans: (B) Discount and Finance House of India.
101. _______ is Capital Market Regulator in India. [GSET]
(A) Bombay Stock Exchange.
(B) National Stock Exchange.
(C) Ministry of Corporate Affairs.
(D) Securities and Exchange Board of India.
Ans: (D) Securities and Exchange Board of India.
102. A speculator is bullish about index nifty which stands at Rs. 1,150. He decides to buy one three month nifty call option contract (having a market lot of 200) with strike price of Rs. 1,210 at a premium of Rs. 15 per call. Three months later the index closes at Rs. 1,245. His profit (or loss) on the position is: [GSET]
(A) Loss of Rs. 9,000.
(B) Profit of Rs. 9,000.
(C) Profit of Rs. 3,000.
(D) Profit of Rs. 4,000.
Ans: (D) Profit of Rs. 4,000.
103. The appointment of independent directors is a part of corporate governance as per the: [GSET]
(A) RBI.
(B) Indian Companies Act.
(C) Government of India.
(D) SEBI.
Ans: (D) SEBI.
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