Top 150+ Solved Banking and Finance 3 MCQ Questions Answer
Q. On which rate bases, overnight money is needed by bank from RBI?
a. MSF
b. Repo rate
c. Reverse repo
d. Bank rate
Q. ____________________are excluded from the Banking Regulation Act 1949.
a. Public and Private Sector Banks
b. Primary Agricultural Credit Society and cooperative land mortgage banks
c. SEBI
d. Regional Rural Banks
Q. In which year, the Banking Regulation Act was amended to include cooperative banks under itspurview by adding the Section 56.
a. 1964
b. 1965
c. 1986
d. 1987
Q. The Reserve Bank of India is given the responsibility of regulating and supervising the _________under Reserve Bank of India Act, 1934.
a. Insurance Companies
b. Transport Companies
c. Banking Financial Companies
d. Non-Banking Financial Companies
Q. In the case of a banking company incorporated outside India balance-sheet and profit and lossaccount shall be signed by _________ of the company.
a. Director of the principal office
b. Owner agent of the principal office
c. Manager or agent of the principal office
d. Central Government
Q. Copies of balance-sheets and accounts to be sent to____________.
a. RBI
b. Government of India
c. Registrar
d. Auditor
Q. Who has the power to give directions to other Banking Companies?
a. RBI
b. Government of India
c. Registrar
d. Auditor
Q. Which section of Banking Regulation Act 1949 relates with the Power of Reserve Bank to issuedirections in respect of stressed assets?
a. Section 35AA
b. Section 35AB
c. Section 35B
d. Section 35 BB
Q. Change of name by a banking company only happens with the approval of __________?
a. RBI
b. Government of India
c. Registrar
d. Auditor
Q. Form of Balance sheet of banking Companies includes Reserve & Surplus in
a. Schedule 1
b. Schedule 2
c. Schedule 3
d. Schedule 4
Q. Form of Balance sheet of banking Companies includes Fixed assets in
a. Schedule 8
b. Schedule 9
c. Schedule 10
d. Schedule 11
Q. Contigent Liabilities in case of banking Companies are included in_________.
a. Schedule 9
b. Schedule 10
c. Schedule 11
d. Schedule 12
Q. Banking company means any company which transacts the business of ________.
a. Banking only
b. Banking & Insurance
c. Banking & Foreign Exchange
d. Banking & Manufacturing
Q. Managing agent includes
a. Secretaries and Treasurers
b. Where the managing agent is a company, and Director of such company, and any member thereof who holds substantial interest in such company
c. Where the managing agent is a firm, any partner of such firm
d. All of the above