Banking and Finance 2 MCQs and Notes

B
Add MCQ, ...................................
📊 Banking and Finance 2
Q. A non-banking institution that has a principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions is known as?
  • (A) Principal non-banking company
  • (B) Residential non-banking company
  • (C) Residuary non-banking company
  • (D) Optional non-banking company
💬 Discuss
✅ Correct Answer: (C) Residuary non-banking company
📊 Banking and Finance 2
Q. Which of the following activity is not permissible for NBFC?
  • (A) loans and advances
  • (B) acquisition of shares
  • (C) insurance business
  • (D) construction of immovable property
💬 Discuss
✅ Correct Answer: (D) construction of immovable property
📊 Banking and Finance 2
Q. A Non-Banking Financial Company (NBFC) is a company registered under the _______.
  • (A) RBI Act 1934
  • (B) Companies Act, 1956
  • (C) NBFC Act 1956
  • (D) Government Securities Regulations, 1913
💬 Discuss
✅ Correct Answer: (B) Companies Act, 1956
📊 Banking and Finance 2
Q. Consider the following statements A) Chit Funds are type of NBFC B) All NBFCs are ruled by RBI C) RBI said any purchase of a stake of 26% or more in a company, or a change in more than 30% of its directors, would need the central bank's permission. Which of the above statements is/are correct?
  • (A) A,B
  • (B) B,C
  • (C) A,C
  • (D) All
💬 Discuss
✅ Correct Answer: (C) A,C
📊 Banking and Finance 2
Q. Which of the following statements is/are correct? A) NBFCs does not hold a banking license. B) NBFC can issue Demand Drafts like banks.
  • (A) Only A
  • (B) Only B
  • (C) Both
  • (D) None
💬 Discuss
✅ Correct Answer: (A) Only A
📊 Banking and Finance 2
Q. Maintaining a foreign currency account is helpful to
  • (A) Avoid transaction cost.
  • (B) Avoid exchange risk.
  • (C) Avoid both transaction cost and exchange risk.
  • (D) Avoid exchange risk and domestic currency depreciation
💬 Discuss
✅ Correct Answer: (C) Avoid both transaction cost and exchange risk.
📊 Banking and Finance 2
Q. Which of the following statements is true?
  • (A) SEBI was established in 1988
  • (B) The Harshad Mehta share scandal happened in 1992
  • (C) Unit Trust of India was established in 1954
  • (D) SEBI is not a constitutional body
💬 Discuss
✅ Correct Answer: (C) Unit Trust of India was established in 1954
📊 Banking and Finance 2
Q. Which term most accurately describes selling shares at a higher price than the price at which they were bought?
  • (A) Loss
  • (B) Profit
  • (C) Asset
  • (D) Dividend
💬 Discuss
✅ Correct Answer: (B) Profit
📊 Banking and Finance 2
Q. Which of the following words does not belong to the stock exchange?
  • (A) KPO
  • (B) NAV
  • (C) NSE
  • (D) IPO
💬 Discuss
✅ Correct Answer: (A) KPO

More Faculties

Click on sub category to learn more.

📱 Download Our App

Learn MCQs on the go with our easy-to-use Android app

Get it on Google Play