MCQ

Banking and Finance MCQ - Practice Questions with Answers

Solve 2 Banking and Finance questions for RAS/RPSC preparation.

Practice questions

Q1With reference to the RBI's cancellation of Certificates of Registration (CoR) of 135 NBFCs in June 2026, consider the following statements: 1. The cancellations were made under Section 45-IA(6) of the Reserve Bank of India Act, 1934. 2. The majority of the cancelled NBFCs had their registered offices in Maharashtra. Which of the statements given above is/are correct?

A 1 only

B 2 only

C Both 1 and 2

D Neither 1 nor 2

Explanation

Statement 1 is correct: RBI invoked Section 45-IA(6) of the RBI Act, 1934 — this is the specific provision that empowers RBI to cancel a Certificate of Registration granted to an NBFC. Statement 2 is incorrect: The majority (125 out of 135) of the cancelled NBFCs were based in West Bengal, not Maharashtra. Maharashtra had only 4 entities. Hence only statement 1 is correct.

Q2Match List I (State) with List II (Number of NBFCs whose CoR was cancelled by RBI in June 2026): List I: 1. West Bengal 2. Maharashtra 3. Delhi 4. Manipur List II: a. 4 b. 125 c. 1 d. 2 Choose the correct matching:

A 1-a, 2-b, 3-d, 4-c

B 1-b, 2-a, 3-d, 4-c

C 1-b, 2-d, 3-a, 4-c

D 1-c, 2-a, 3-b, 4-d

Explanation

The correct matching is: West Bengal (1) — 125 (b); Maharashtra (2) — 4 (a); Delhi (3) — 2 (d); Manipur (4) — 1 (c). Out of 135 cancelled NBFCs, 125 were from West Bengal, 4 from Maharashtra, 2 from Delhi, and 1 each from Madhya Pradesh, Manipur, Tamil Nadu, and Telangana. Option B (1-b, 2-a, 3-d, 4-c) is the correct match.

You've seen 2 of 2 sample questions

Unlimited practice on Banking and Finance comes with the RAS Test Series + Practice pack or Gate Pass.

More topics in Indian Economy

Monetary & Fiscal Policy Economic Growth & Sustainable Development Industrial Growth & Economic Reforms Service Sector, Energy & Transport Agricultural Development Skill Development & Social Justice Measurement of Development & HDI Fiscal Federalism & Finance Commission Power Sector Bilateral Trade Statistical System of India Centralised Payment System Public Finance Atal Pension Yojana Payment Systems Digital Governance Social Security Schemes Financial Markets Industrial Policy GST Administration GDP and Growth Forecasts Customs Tariff SEBI and Capital Markets Insurance & Maritime Trade Venture Capital Rural Employment Foreign Trade and Balance of Payments Trade Agreements International Organizations Inflation and Growth Startup India Funding External Sector Energy Security Inflation Statistics Credit Guarantee Agricultural Procurement Food Security Macroeconomic Indicators Startup Ecosystem Transport Infrastructure Power and Energy Demand Civil Aviation Ministry RoDTEP Scheme Production Linked Incentive Aviation Sector Infrastructure Mining RoDTEP Export Scheme Agriculture Markets Agricultural Marketing Agricultural Pricing Energy Infrastructure National Accounts Energy Direct Taxes Highway Tolling Mining Sector Reform Electronic Toll Collection Fertiliser Security Labour Force Participation Economy Free Trade Agreements Free Trade Agreement NITI Aayog Trade Watch Quarterly GDP Estimates Digital Payments Textile Exports Gender Statistics Merchandise Trade Composition Economic Concepts and Indian Economy Energy Demand General Knowledge Money, banking and the financial system (RBI, monetary policy)Public finance: budget, taxation, GST and fiscal policy Poverty, unemployment and inflation Public finance: budget, taxation and GST Poverty, unemployment, inflation and inclusive growth Money, banking and the financial system (RBI)Rajasthan GK International Trade Inflation Startups Green Revolution Tourism Steel Sector Government Schemes Planning Commission ECLGS Textiles PM-KISAN Critical Minerals Foreign Investment GI Tag PSU Mergers Rural Development India Trade Horticulture Fertilizers/Green Urea Foreign Trade Logistics MSME Employment Schemes Ship Recycling India-Uzbekistan Onion buffer Digital Finance Agricultural Policy India Post Quality Control Orders eSaras and DAY-NRLM Industrial classification Cooperatives EPFO Unincorporated Sector Agri Exports Agricultural revolutions Pension and Social Security National SC-ST Hub Windfall Tax Fertiliser supply Indian Railways NITI Aayog Agriculture Policy Eleventh Five Year Plan PFRDA and Pension Reform Agricultural missions Income inequality measures RBI NBFC Regulation Minimum Support Price PFRDA NPS Reform Import protection policy Unified Payments Interface मनरेगा मजदूरी भुगतान Agriculture and MSP Economic planning in India Green Urea and Green Hydrogen Maritime Sector Banking and Insolvency Resolution Securities and Exchange Board of India Subsidies Blue Revolution Human development indices Finance Commission devolution Energy and Mining Goods and Services Tax Network Fiscal policy formulation Reserve Bank of India Union tax revenue National Food Security Mission National Income Accounting base year Agricultural finance institutions Green Steel Agricultural income tax Types of government budget Indian economy at independence White Revolution Asset Reconstruction Fund Banking & Finance Purchasing Power Parity Liquidity Adjustment Facility Agriculture and Schemes Financial sector regulators Five Year Plans Energy and Power Sector Regional Rural Banks Agriculture and allied sectors मौद्रिक नीति Poverty measurement Narasimham Committee Wealth Tax in India GSTIN structure Operation Flood and White Revolution Per capita income Foreign Trade and Exports Government Schemes and Credit Policy MSME payments Indian Economy Foreign direct investment Human capital formation Inflation and Price Indices Agricultural mechanization Variable Rate Repo TReDS Union Budget 2024-25: fiscal deficit New Economic Policy of India Five-Year Plans Financial institutions Agricultural price support schemes Energy Policy India-UK CETA Industrial sectors Bank Governance SMAM Agriculture Foreign Trade Policy and export schemes Taxation and Capital Markets IBC and Banking Sector Employment and unemployment surveys Special Economic Zones India-Australia trade agreements Indian currency notes Keynesian economics Union Budget reforms Banking: Statutory Liquidity Ratio NABARD and rural credit Banking history in India MNREGA: women reservation Consumer protection Cooperative Sector Rail Connectivity Trade and Reports Food security institutions Railway Engineering Social welfare schemes National Steel Policy International Relations External Trade Social Security Industry and Manufacturing

Practice questions

You've seen 2 of 2 sample questions

More topics in Indian Economy

Explore other subjects