Top 350+ Solved Financial Services MCQ Questions Answer
Q. ………….banks are known as local area banks.
a. Uncheduled banks
b. Financial Institutions
c. Organised Banks
d. none of these
Q. …………….these banks are controlled by the Government.
a. Public Sector Banks
b. Organised Banks
c. Scheduled Banks
d. none of these
Q. ………………banks are registered as companies with limited liability.
a. Private Sector Banks
b. Public sector Banks
c. Scheduled Banks
d. commercial banks
Q. …………… banks were establishment mainly due to the development of tradewith our countries.
a. Foreign Banks
b. Organised Banks
c. Scheduled Banks
d. none of these
Q. …………… banks are involved with financing of foreign trade and activities.
a. Foreign Banks
b. Organised Banks
c. Scheduled Banks
d. none of these
Q. …………… banks aims to increase the flow of credit and availability ofbanking facilities to Rural areas and to the poorer section of the rural population.
a. Regional Rural Banks
b. Organised Banks
c. Scheduled Banks
d. Cooperative Banks
Q. The basic ideamovement is that poor people should come together and develop banking habits within small means.
a. Cooperative
b. Organised
c. Scheduling
d. none of these
Q. …………..banks act as catalytic agents in promoting balanced development ofthe country.
a. Development Banks
b. Organised Banks
c. Scheduled Banks
d. none of these
Q. ………… means indemnity or protection against risk of loss by spreading the risk over a number of a person, who are exposed to it and who is agree to insure themselves against risk.
a. Insurance
b. Bank Over Draft
c. Premium
d. none of these
Q. The LIC was Establishment on……………..
a. 1st Sep 1956
b. 2nd Sep 1956
c. 15th Aug 1949
d. 1st Jan 1947
Q. …………….banks can borrow from the Reserve Bank of India based on the eligible securities or get the financial assistance in times of need by rediscounting bills of Exchange.
a. Scheduled Banks
b. Organised Banks
c. Scheduled Banks
d. none of these
Q. The first bank to set up a separate merchant banking division in India.
a. Punjab national bank
b. Standard charted bank
c. National & Grin days bank
d. National city bank.
Q. As a discipline to be one of the most important element in the businessworld where money is almost everything.
a. Accounting
b. Standardizing
c. Recording
d. none of these
Q. Budgeting requires eliminating redundant expenditure that no longer servesany clearly defined purpose.
a. Zero based
b. Open end
c. Financial
d. none of these
Q. The second approach in the application of Zero-based Budgeting (ZBB) is toidentify and remove duplication or expenditure.
a. Multiplication
b. Divided
c. Adding
d. triple