Top 350+ Solved Financial Services MCQ Questions Answer
Q. Consumer loans are granted for
a. Long period
b. Medium period
c. Short period
d. Any of the above
Q. Retail banking is confined to ............... customers
a. Corporate
b. Firm
c. Individual
d. Individual and corporate
Q. Housing advances are ................. in nature
a. Short term
b. Medium term
c. Long term
d. Any of the above
Q. In the private sector, ------------ plays a dominant role in housing finance.
a. ICICI
b. HDFC
c. DHFL
d. LICHFL
Q. Canara bank’s housing finance subsidiary is..........
a. Can HFL
b. CHFL
c. Can Fin Homes ltd
d. CBHFL
Q. Housing loan up To Rs................... is considered as priority sector advance.
a. 5 lakh
b. 25 lakh
c. 10 lakh
d. 15 lakh
Q. Institution which gives thrust to urban infrastructure development is
a. HDFC
b. NHB
c. HUDCO
d. DHFL
Q. Education loan is maximum Rs........... for study in India
a. 5 lakh
b. 7.5 lakh
c. 10 lakh
d. 15 lakh
Q. No security is insisted upon .................loan
a. Housing
b. Education
c. Vehicle
d. Personal
Q. Which of the following is/are types of consumer credit?
a. Revolving credit
b. Unsecured credit
c. Secured credit
d. All the above
Q. The difference between open-end and closed-end mutual funds is:
a. The total number of shares under management grows and shrinks for open-end funds, but is fixed for closed-end funds
b. Open-end funds can be purchase in a variety of international markets while closed- end funds can only be purchased in their home market
c. The total number of shares under management grows and shrinks for closed-end funds, but is fixed for open-end funds
d. Open-end funds contain securities from various countries while closed-end funds
Q. The material wealth of a society is equal to the sum of _________.
a. All financial assets
b. All real assets
c. All financial and real assets
d. All physical assets
Q. _______ are examples of financial intermediaries
a. Commercial banks
b. Insurance companies
c. Investment companies
d. All of the above.