Class 11 Finance MCQ Chapter 6 Other Banks Solutions in English Medium to each chapter is provided in the list so that you can easily browse through different chapters Class 11 Finance MCQ Chapter 6 Other Banks Question Answer and select need one. Class 11 Finance MCQ Chapter 6 Other Banks Solutions Download PDF. AHSEC Class 11 Banking Multiple Choice Solutions.
Class 11 Finance MCQ Chapter 6 Other Banks
Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. AHSEC Class 11 Finance Objective Type Solutions are part of All Subject Solutions. Here we have given HS 1st Year Banking Multiple Choice Question and Answer, HS First Year Banking MCQ Solutions for All Chapters, You can practice these here.
Other Banks
Chapter: 6
| MCQ |
1. What is a primary service offered by Exchange Banks?
(i) Providing home loans.
(ii) Discounting foreign bills of exchange.
(iii) Issuing personal credit cards.
(iv) Offering savings accounts.
Ans: (ii) Discounting foreign bills of exchange.
2. Exchange Banks encourage the flow of which of the following into India?
(i) Foreign investment.
(ii) Local businesses.
(iii) International tourism.
(iv) National savings.
Ans: (i) Foreign investment.
3. What was the capital structure of RRBs when they were initially established?
(i) Rs. 1 crore authorized capital and Rs. 25 lakh issued capital.
(ii) Rs. 10 crore authorized capital and Rs. 5 crore issued capital.
(iii) Rs. 5 crore authorized capital and Rs. 1 crore issued capital.
(iv) Rs. 50 lakh authorized capital and Rs. 10 lakh issued capital.
Ans: (i) Rs. 1 crore authorized capital and Rs. 25 lakh issued capital.
4. Which act passed in 1976 provided the legal framework for RRBs?
(i) The Reserve Bank of India Act.
(ii) The Regional Rural Banks Act.
(iii) The NABARD Act.
(iv) The Banking Regulation Act.
Ans: (ii) The Regional Rural Banks Act.
5. What is the share capital structure of RRBs?
(i) 40% Central Government, 20% State Government, 40% Sponsored Bank.
(ii) 50% Central Government, 15% State Government, 35% Sponsored Bank.
(iii) 60% Central Government, 10% State Government, 30% Sponsored Bank.
(iv) 45% Central Government, 25% State Government, 30% Sponsored Bank.
Ans: (ii) 50% Central Government, 15% State Government, 35% Sponsored Bank.
6. In which year was the Regional Rural Banks Act amended to raise the authorized and issued capital?
(i) 1985
(ii) 1988
(iii) 1990
(iv) 1995
Ans: (ii) 1988
7. How do RRBs primarily raise their necessary resources?
(i) Through public taxation.
(ii) Through owned capital, public deposits, borrowings from sponsored banks, and refinancing from NABARD.
(iii) Through foreign investment.
(iv) Through government grants.
Ans: (ii)Through owned capital, public deposits, borrowings from sponsored banks, and refinancing from NABARD.
8. What types of accounts do RRBs accept from the public?
(i) Savings, Current, Recurring, and Fixed Deposits.
(ii) Only Savings Accounts.
(iii) Investment and PPF accounts.
(iv) Only Fixed Deposits.
Ans: (i) Savings, Current, Recurring, and Fixed Deposits.
9. RRBs are included in the _______ of the Reserve Bank of India Act, 1949.
(i) First schedule.
(ii) Second schedule.
(iii) Third schedule.
(iv) Fourth schedule.
Ans: (ii)Second schedule.
10. Investment banks primarily provide which type of finance to businesses?
(i) Short-term finance.
(ii) Long-term finance.
(iii) Trade finance.
(iv) Day-to-day operating finance.
Ans: (ii) Long-term finance.
11. Which of the following is a function of an investment bank?
(i) Accepting short-term deposits.
(ii) Providing long-term loans for purchasing land and buildings.
(iii) Offering savings accounts.
(iv) Providing personal loans.
Ans: (ii) Providing long-term loans for purchasing land and buildings.
12. What is the primary function of a development bank?
(i) Accepting deposits from the public.
(ii) Providing short-term loans to businesses.
(iii) Providing medium and long-term financial assistance to business units.
(iv) Issuing personal loans.
Ans: (iii) Providing medium and long-term financial assistance to business units.
13. Which of the following is an example of a development bank in India?
(i) Industrial Finance Corporation of India (IFCI).
(ii) State Bank of India (SBI).
(iii) Punjab National Bank (PNB).
(iv) ICICI Bank.
Ans: (i) Industrial Finance Corporation of India (IFCI).
14. How do development banks encourage balanced regional growth?
(i) By providing financial assistance only to large corporations.
(ii) By offering loans to regions based on their economic potential.
(iii) By assisting new and small entrepreneurs and fostering development in different regions.
(iv) By investing only in metropolitan areas.
Ans: (iii) By assisting new and small entrepreneurs and fostering development in different regions.
15. What does a development bank encourage in backward areas?
(i) Investment in luxury goods.
(ii) Industrial development and small-scale units.
(iii) Real estate development.
(iv) Personal loans for consumers.
Ans: (ii) Industrial development and small-scale units.
