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Banking and Financial Institutions MCQs

Commerce Objective Questions

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799. One of the following is not correct in regard to Capital Market:
A. It is a market for long term financial assets
B. Maturity Period less than one year
C. Dealings take place at Stock Exchange
D. Unlimited number of players
Discussion
800. Which one is related with microfinancing?
A. SHG
B. Anganwadi workers
C. Women Entrepreneurs
D. None of the above
Discussion
801. The written insurance contract that may include all clauses, riders and endorsements, it is called?
A. Instalment
B. Premium
C. Policy
D. Assets
Discussion
802. Which of the following public sector companies organisations provides insurance cover to exporters?
A. NABARD
B. ECGC
C. SIDBI
D. IRDA
Discussion
803. Who is authorised to issue coins of smaller denomination in India?
A. RBI
B. Ministry of Finance
C. SBI
D. None of the above
Discussion
804. Which of the following is not true about National Automated Clearing House (NACH)?
A. It is a centralized clearing system launched by the National Payments Corporation of India (NPCI)
B. It aims to replace and consolidate multiple existing Electronic Clearing Service (ECS) systems across India
C. NACH platform has been created to replace the Electronic Clearing Service (ECS) system
D. All of the above
Discussion
805. Which of the following dates was suggested by Nachiket Mor Committee that was set up by RBI for issuing vision statements?
A. Bank account for every citizen by 2016
B. Bank account for every resident by 2018
C. Bank account for every BPL by 2018
D. Bank account for every resident by 2016
Discussion

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