Financial Institutions of India GK Questions and Answers

The financial institutions in India are regulated by the Reserve Bank of India (RBI). There are three types of commercial banks in India: public sector banks, private sector banks, and foreign banks. Other financial institutions include insurance companies, non-banking financial companies (NBFCs), and mutual funds.

Here you are given Multiple Choice Questions (MCQs) on the Financial Institutions of Indiathe topic of General Knowledge. First of all, you have to read all the GK questions related to Financial Institutions of India and click on one correct answer for each question. If your answer is correct, you will be displayed with a ✅ sign, but if your answer is wrong, a ❌ sign will be displayed, so that you can identify the correct answer you have given.

Q. Rajya Sabha does not have any representation in which financial committee of the Parliament?

◉ undertaking committee

❌ Incorrect

◉ estimates committee

✅ Correct

◉ co-operative committee

❌ Incorrect

◉ parliamentary committee

❌ Incorrect

Q. Which article of the Indian Constitution deals with financial emergency?

◉ Article 356

❌ Incorrect

◉ Article 360

✅ Correct

◉ Article 365

❌ Incorrect

◉ Article 354

❌ Incorrect

Q. Which committee gave suggestions towards examining the reforms in the financial and banking sector in India?

◉ Nanavati Commission

❌ Incorrect

◉ Mukherjee Commission

❌ Incorrect

◉ Narasimhamm Committee

✅ Correct

◉ BN Sri Krishna Commission

❌ Incorrect

Q. NITI Aayog had planned to replace the 5 year plans with which of the following from the beginning of the financial year 2017-18?

◉ 20 years vision document

❌ Incorrect

◉ 15 years vision document

✅ Correct

◉ 10 years vision document

❌ Incorrect

◉ 5 years vision document

❌ Incorrect

Q. Rice output of which state has more than doubled in financial year 2011-12?

◉ Bihar

✅ Correct

◉ Madhya Pradesh

❌ Incorrect

◉ West Bengal

❌ Incorrect

◉ Tripura

❌ Incorrect

Q. Which country has the maximum amount of black money, according to the Global Financial Integrity Report published recently?

◉ China

✅ Correct

◉ India

❌ Incorrect

◉ Singapure

❌ Incorrect

◉ Russia

❌ Incorrect

Q. Where is the headquarter of International Financial Fund located?

◉ Netherlands

❌ Incorrect

◉ New York

❌ Incorrect

◉ Great Britain

❌ Incorrect

◉ Washington DC

✅ Correct

Q. Where is the financial capital of India?

◉ mumbai

✅ Correct

◉ Delhi

❌ Incorrect

◉ Mangalore

❌ Incorrect

◉ Bangalore

❌ Incorrect

Q. Which is the official who is responsible for the accounting of financial transactions of the Government of India?

◉ Finance secretary

❌ Incorrect

◉ comptroller and auditor general

✅ Correct

◉ Chairman, Finance Commission

❌ Incorrect

◉ Auditorium

❌ Incorrect

Q. Which state's financial transactions do not go through the Reserve Bank of India?

◉ Kerala

❌ Incorrect

◉ Sikkim

✅ Correct

◉ Manipur

❌ Incorrect

◉ Mizoram

❌ Incorrect

Q. According to the data released by the Reserve Bank of India in September 2018, which country has ranked first in terms of making the highest Foreign Direct Investment (FDI) in India?