Are Banks and credit unions are the only types of financial institutions?

Are Banks and credit unions are the only types of financial institutions?
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The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Description : The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Last Answer : (1) sale of stocks and bonds to the public Explanation: Companies issue securities called stocks and bonds to raise necessary capital which funds the company's daily operations and growth. ... issuing stock to owners called stockholders doesn't require the company's repayment of investor principal.

The main source of long-term credit for a business unit is (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Description : The main source of long-term credit for a business unit is (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Last Answer : sale of stocks and bonds to the public

If millions of people moved their money from banks to credit unions over the course of a year, what impact would that have on the economy?

Description : If millions of people moved their money from banks to credit unions over the course of a year, what impact would that have on the economy?

Last Answer : answer:It would affect the profitability of big banks, but not necessarily have nay impact on consumers. If it was big enough, large banks would need to offer products to re-attract consumers, such as ... directly dependent on consumer demand. So there might be a bump up in car and house buying.

hi...are money market accounts in banks and credit unions insured?

Description : hi...are money market accounts in banks and credit unions insured?

Last Answer : For the most part these type of accounts are not backed by the FDIC. You should check your local banking institution to make sure.

Credit Unions are better than banks because credit union are more tailored to their customers.?

Description : Credit Unions are better than banks because credit union are more tailored to their customers.?

Last Answer : Credit Unions are better than banks because credit union are more tailored to their customers.

How are credit unions different from other banks?

Description : How are credit unions different from other banks?

Last Answer : Credit unions are different from banks in how they handle your money and the services they provided for their customers. Credit unions are smaller, locally run and managed, and have really solid customer ... passport" type kits. Each time you deposit money, they make a note in your "passport".

A worldwide financial messaging network which exchanges messages between banks and financial institutions is known as _________ A. SWIFT B. Basel C. RTGS D. NEFT

Description : A worldwide financial messaging network which exchanges messages between banks and financial institutions is known as _________ A. SWIFT B. Basel C. RTGS D. NEFT

Last Answer : A. SWIFT Explanation: Society for Worldwide Inter bank Financial Telecommunication code. An internationallyrecognized identification code for banks around the world. SWIFT codes are most commonly used for international wire transfers and are comprised of 8 or 11 alphanumeric characters.

Which of the following was/were established under the Recovery of Debts Due to Banks and Financial Institutions Act (RDDBFI Act), 1993? A. DRTs B. DRATs C. ATs D. Both (A) and (B) E. None of the Above

Description : Which of the following was/were established under the Recovery of Debts Due to Banks and Financial Institutions Act (RDDBFI Act), 1993? A. DRTs B. DRATs C. ATs D. Both (A) and (B) E. None of the Above

Last Answer : D. Both (A) and (B) Explanation: The Debts Recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunal (DRATs) were established under the Recovery of Debts Due to Banks ... specific objective of providing expeditious adjudication and recovery of debts due to Banks and Financial Institution.

The International Bank for Reconstruction and Development(IBRD) is an international financial institutions that offer loans to _____ A. Multinational Banks B. Multinational Financial Institutions C. Middle Income Developing Countries D. Non Government Organizations E. None of the Above

Description : The International Bank for Reconstruction and Development(IBRD) is an international financial institutions that offer loans to _____ A. Multinational Banks B. Multinational Financial Institutions C. Middle Income Developing Countries D. Non Government Organizations E. None of the Above

Last Answer : C. Middle Income Developing Countries Explanation: The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans to middle-income developing countries.

Which of the following is an Association of Commercial Banks, Financial Institutions and Primary Dealers? A. GOI B. RBI C. PSBs D. FEDAI E. FIMMDA

Description : Which of the following is an Association of Commercial Banks, Financial Institutions and Primary Dealers? A. GOI B. RBI C. PSBs D. FEDAI E. FIMMDA

Last Answer : E. FIMMDA Explanation: FIMMDA stands for The Fixed Income Money Market and Derivatives Association of India (FIMMDA). It is an Association of Commercial Banks, Financial Institutions and Primary Dealers. FIMMDA is a voluntary market body for the bond, Money And Derivatives Markets.

Sub-prime lending refers to ________ A. lending done by banks at rates below PLR B. Funds raised by the banks at sub-libor rates C. Group of banks which are not rated as prime banks as per Banker‘s Almanac D. lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards E. All of the Above

Description : Sub-prime lending refers to ________ A. lending done by banks at rates below PLR B. Funds raised by the banks at sub-libor rates C. Group of banks which are not rated as ... institutions including banks to customers not meeting with normally required credit appraisal standards E. All of the Above

Last Answer : D. lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards Explanation: In finance, subprime lending (also referred to ... schedule, sometimes reflecting setbacks, such as unemployment, divorce, medical emergencies, etc.

During last five years, which of the following Institutions have extended the largest amount of fresh credit for agriculture in India among all the institutions given in the list ? (A) NABARD (Direct credit) (B) Commercial Banks (C) Cooperative Banks (D) Primary Agricultural Credit Societies (E) Regional Rural Banks and Local Area Banks

Description : During last five years, which of the following Institutions have extended the largest amount of fresh credit for agriculture in India among all the institutions given in the list ? (A) ... Cooperative Banks (D) Primary Agricultural Credit Societies (E) Regional Rural Banks and Local Area Banks

Last Answer : (E) Regional Rural Banks and Local Area Banks

In India, which bank has the highest share in the disbursement of credit to agriculture and allied activities? a) Cooperative Banks b) Regional Rural Banks c) Commercial Banks d) Microfinance institutions

Description : In India, which bank has the highest share in the disbursement of credit to agriculture and allied activities? a) Cooperative Banks b) Regional Rural Banks c) Commercial Banks d) Microfinance institutions

Last Answer : Answer- c

ICRA, CRISIL, and Standard and Poor‟s (S&P) are ______ A. Financial Institutions B. NGOs C. NBFCs D. Credit Rating Agencies

Description : ICRA, CRISIL, and Standard and Poor‟s (S&P) are ______ A. Financial Institutions B. NGOs C. NBFCs D. Credit Rating Agencies

Last Answer : D. Credit Rating Agencies Explanation: A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor s ability to pay back debt by making ... payments and the likelihood of default. Example:- ICRA, CRISIL, and Standard and Poor s (S&P).

How did the Code of Ethics define public interest? a. A distinguishing mark of a profession is the acceptance of its responsibility to the public. b. The accountancy profession's public consists of clients, credit grantors, governments, employers, employees, investors, the business and financial community, and others who rely on the objectivity and integrity of professional accountants. c. The collective well-being of the community of people and institutions the professional accountant serves. d. The standards of the accountancy profession are heavily determined by the public interest

Description : How did the Code of Ethics define public interest? a. A distinguishing mark of a profession is the acceptance of its responsibility to the public. b. The accountancy profession's public ... serves. d. The standards of the accountancy profession are heavily determined by the public interest

Last Answer : The collective well-being of the community of people and institutions the professional accountant serves.

Which of the following institutions do not hold a banking license? A. Small Banks B. Foreign Banks C. Commercial Banks D. NBFCs

Description : Which of the following institutions do not hold a banking license? A. Small Banks B. Foreign Banks C. Commercial Banks D. NBFCs

Last Answer : D. NBFCs Explanation: Non-banking financial companies, or NBFCs, are financial institutions that provide banking services, but do not hold a banking license. These institutions are not allowed to take deposits from the public.

In the US all financial institutions are required to conduct business at a physical location only is it true?

Description : In the US all financial institutions are required to conduct business at a physical location only is it true?

Last Answer : All banks and companies do need to have offices. They deal withmoney that does not belong to them. Not having an address wouldmake them a fraud.

________ have been awarded the license by the Central Bank to operate Bharat Bill Payment System (BBPS) recently. A. Common Service Centres (CSC) B. Financial Institutions C. Only (A) D. Both (A) and (B) E. None of the Above

Description : ________ have been awarded the license by the Central Bank to operate Bharat Bill Payment System (BBPS) recently. A. Common Service Centres (CSC) B. Financial Institutions C. Only (A) D. Both (A) and (B) E. None of the Above

Last Answer : A. Common Service Centres (CSC) Explanation: over 1.5 Lakh common service centres (CSC) or Digital Seva Kendres have been awarded the license by the Central Bank to operate Bharat Bill Payment System (BBPS).

What functions do financial institutions traditionally perform? A. They mobilize savings and investments. B. They expand risk. C. They spread risk. D. They offer only short-term finance.

Description : What functions do financial institutions traditionally perform? A. They mobilize savings and investments. B. They expand risk. C. They spread risk. D. They offer only short-term finance.

Last Answer : They mobilize savings and investments.

Are stock market & financial institutions 'evil'?

Description : Are stock market & financial institutions 'evil'?

Last Answer : Not in themselves but love of money is the root of all evil. People who run large companies and financial institutions are there to make money and they don’t examine very closely the effects of their actions on the world.

Hello, my name is Deborah. I am wanting to become a Licensed Practical Nurse. I live in Frankfort, KY. I need financial help, as well as, what educational institutions in my area, such as the Kentucky Community Technical College (KCTC) that offers an a?

Description : Hello, my name is Deborah. I am wanting to become a Licensed Practical Nurse. I live in Frankfort, KY. I need financial help, as well as, what educational institutions in my area, such as the Kentucky Community Technical College (KCTC) that offers an a?

Last Answer : “Hello, my name is Deborah. I am wanting to become a Licensed Practical Nurse. I live in Frankfort, KY. I need financial help, as well as, what educational institutions in my area, such ... Pell Grant. Any information you could provide to me would be very much appreciated. Thank You, Deborah”

What's the highest interest rates that the online financial institutions paying for 2 year CDs?

Description : What's the highest interest rates that the online financial institutions paying for 2 year CDs?

Last Answer : The higest rates can be between 1.5%-3% APR. The APR is different for each financial institution.

Where can I find a list of nationally accredited financial aid institutions?

Description : Where can I find a list of nationally accredited financial aid institutions?

Last Answer : You can find a nice list of nationally accredited financial institutions here: http://www.lgugc.com/financial_institutions.htm .

Which financial institutions offer business checking accounts?

Description : Which financial institutions offer business checking accounts?

Last Answer : Many banks offer business checking accounts. Choose whichever bank your interested in and ask to speak with a representative to assist you in opening a new business account.

Which of the following can issue commercial paper for raising short term funds? A. Corporates B. Primary Dealers C. All-India Financial Institutions D. Both (B) and (C) E. All of the Above

Description : Which of the following can issue commercial paper for raising short term funds? A. Corporates B. Primary Dealers C. All-India Financial Institutions D. Both (B) and (C) E. All of the Above

Last Answer : E. All of the Above Explanation: A Commercial Paper (CP) is an unsecured money market instrument issued as a promissory note. It is a short-term funding tool that highly rated ... -India financial institutions (AIFIs) can use, typically to meet shortterm funding and working capital requirements.

Which Financial institutions has announced a comprehensive Housing finance scheme called prapti with an attractive 4% interest rate? A) Tata Capita Housing B) LIC Housing C) Reliance Home D) HDFC Ergo E) Housing and Urban Development Corporation Ltd.

Description : Which Financial institutions has announced a comprehensive Housing finance scheme called prapti with an attractive 4% interest rate? A) Tata Capita Housing B) LIC Housing C) Reliance Home D) HDFC Ergo E) Housing and Urban Development Corporation Ltd.

Last Answer : A) Tata Capita Housing Explanation: Tata Capita Housing Limited announced a Comprehensive Housing finance scheme called Prapti with an attractive 4% interest rate for people earning less than Rs 6 lakh a year.

Financial institutions must register details of security interests created by them with CERSAI within howmany days of its creation? A. 30 B. 60 C. 15 D. 90 E. None of these

Description : Financial institutions must register details of security interests created by them with CERSAI within howmany days of its creation? A. 30 B. 60 C. 15 D. 90 E. None of these

Last Answer : A. 30 Explanation: Financial institutions must register details of security interests created by them with CERSAI within 30 days of its creation.

Long-term debt securities issued by the GOI or any of the State Government‟s or undertakings owned by them or by development financial institutions are called as ________ A. Shares B. Debentures C. Bonds D. Both (A) and (C) E. None of the Above

Description : Long-term debt securities issued by the GOI or any of the State Government‟s or undertakings owned by them or by development financial institutions are called as ________ A. Shares B. Debentures C. Bonds D. Both (A) and (C) E. None of the Above

Last Answer : C. Bonds Explanation: Long-term debt securities issued by the Government of India or any of the State Government‘s or undertakings owned by them or by development financial institutions are called as bonds.

IDBI, IFCI, ICICI etc. are promoted by_____.(a) private VCs b)VCFs of specialize financial institutions c) both )

Description : IDBI, IFCI, ICICI etc. are promoted by_____.(a) private VCs b)VCFs of specialize financial institutions c) both )

Last Answer : b)VCFs of specialize financial institutions

In explaining the level of unemployment, Keynes emphasized,- (a) Changes in technology. (b) Aggregate demand. © Inflationary expectations. (d) Lending by financial institutions.

Description : In explaining the level of unemployment, Keynes emphasized,- (a) Changes in technology. (b) Aggregate demand. © Inflationary expectations. (d) Lending by financial institutions.

Last Answer : (b) Aggregate demand.

To provide financial assistance to entrepreneurs the government has set up a number of___________. A. financial advisors. B. financial intermediaries. C. Industrial estates. D. financial institutions.

Description : To provide financial assistance to entrepreneurs the government has set up a number of___________. A. financial advisors. B. financial intermediaries. C. Industrial estates. D. financial institutions.

Last Answer : D. financial institutions.

Accounting furnishes data on A) Income and cost for the managers B) Financial conditions of the institutions C) Company’s tax liability for a particular year D) All the above

Description : Accounting furnishes data on A) Income and cost for the managers B) Financial conditions of the institutions C) Company’s tax liability for a particular year D) All the above

Last Answer : Answer: D

Article 45 under the Directive Principles of State policy in the India Constitution, provides for Options: A) Rights of minorities to establish educational institutions B) Free and compulsory primary education C) Education for weaker sections of the country D) Giving financial assistance to less advanced states

Description : Article 45 under the Directive Principles of State policy in the India Constitution, provides for Options: A) Rights of minorities to establish educational institutions B) Free and compulsory ... Education for weaker sections of the country D) Giving financial assistance to less advanced states  

Last Answer : B) Free and compulsory primary education 

Deposit Insurance and Credit Guarantee Corporation ( DICGC) is a subsidiary of ________ A. RBI B. IDBI C. 34 Government of India owned / controlled institutions D. None of the Above

Description : Deposit Insurance and Credit Guarantee Corporation ( DICGC) is a subsidiary of ________ A. RBI B. IDBI C. 34 Government of India owned / controlled institutions D. None of the Above

Last Answer : A. RBI Explanation: Deposit Insurance and Credit Guarantee Corporation ( DICGC) is a subsidiary of Reserve Bank of India. It was established under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for ... recurring deposits for up to the limit of Rs. 100,000 of each deposits in a bank.

Mark the correct option a) Maximum 12 deposit can be made in a financial year and more than one deposit can be made in one month b) Only one account can be opened in Post office or SBI or any nationalized banks. c) The account can be transferred from one PO to another and PO to State bank or nationalized bank vice versa. d) All the above

Description : Mark the correct option a) Maximum 12 deposit can be made in a financial year and more than one deposit can be made in one month b) Only one account can be opened in Post office or SBI or any ... from one PO to another and PO to State bank or nationalized bank vice versa. d) All the above

Last Answer : d) All the above

A commercial bank law creates credit only if it has - (1) Cash in the vault (2) Excess reserves (3) Permission of Reserve Bank of India (4) (4) Cooperation of other banks

Description : A commercial bank law creates credit only if it has - (1) Cash in the vault (2) Excess reserves (3) Permission of Reserve Bank of India (4) (4) Cooperation of other banks

Last Answer : (1) Cash in the vault Explanation: A commercial bank is a profitseeking business, dealing in money and credit. It is a financial institution dealing in money in the sense that it accepts deposits of ... received as the deposits to needy people. So it creates credit from the cash deposits with it.

A commercial bank law creates credit only if it has (1) Cash in the vault (2) Excess reserves (3) Permission of Reserve Bank of India (4) Cooperation of other banks

Description : A commercial bank law creates credit only if it has (1) Cash in the vault (2) Excess reserves (3) Permission of Reserve Bank of India (4) Cooperation of other banks 

Last Answer : Cash in the vault

An appliance manufacturer that sells to large retail stores, wholesalers, and institutions would probably organise its marketing unit on the basis of A)subregions. B)national divisions. C)types of customers. D)functions.

Description : An appliance manufacturer that sells to large retail stores, wholesalers, and institutions would probably organise its marketing unit on the basis of A)subregions. B)national divisions. C)types of customers. D)functions.

Last Answer : C)types of customers.

The advantage of Random Replication Design is Options: A) It controls almost all types of errors B) It studies the effects of the institutions simultaneously C) It employs in social science researches vigorously D) All the above are correct

Description : The advantage of Random Replication Design is Options: A) It controls almost all types of errors B) It studies the effects of the institutions simultaneously C) It employs in social science researches vigorously D) All the above are correct

Last Answer : D) All the above are correct 

Which entity oversees and regulates Florida's financial entities including state-chartered banks and securities industry participants?

Description : Which entity oversees and regulates Florida's financial entities including state-chartered banks and securities industry participants?

Last Answer : OFR

What banks have good financial planners?

Description : What banks have good financial planners?

Last Answer : You can find a good financial planner at www.tdameritrade.com or your local bank can direct you to a good one.

A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as _________ A. Off-shore Banking B. Investment Banking System C. Shadow Banking System D. Conventional Banking E. Merchant Banking System

Description : A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as _________ A. Off-shore Banking B. Investment Banking System C. Shadow Banking System D. Conventional Banking E. Merchant Banking System

Last Answer : C. Shadow Banking System Explanation: A shadow banking system refers to the financial intermediaries involved in facilitating the creation of credit across the global financial system but ... oversight. The shadow banking system also refers to unregulated activities by regulated institutions.

The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after receiving it from banks and other financial intermediaries is ________ A. RBI B. Financial Intelligence Unit(FIU) C. Intelligence Bureau(IB) D. Central Bureau of Investigation(CBI) E. Central Intelligence Unit(CIU)

Description : The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after ... (IB) D. Central Bureau of Investigation(CBI) E. Central Intelligence Unit(CIU)

Last Answer : B. Financial Intelligence Unit(FIU) Explanation: The FIU is the national agency mandated to collect, analyse and disseminate Suspicious Transaction Reports (STRs), Cash Transaction Reports ... country after receiving it from banks and other financial intermediaries under a stipulated mechanism.

Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Description : Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Last Answer : D. SARFAESI Act, 2002 Explanation: The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the SARFAESI Act) is an ... allows banks and other financial institution to auction residential or commercial properties to recover loans.

Which of the following can be provided by small finance banks A. Mutual Funds B. Insurance Products C. Third Party financial products D. All of the Above E. None of the Above

Description : Which of the following can be provided by small finance banks A. Mutual Funds B. Insurance Products C. Third Party financial products D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: Small finance banks can distribute mutual funds, insurance products and other simple third-party financial products.

Which of the following is not an aspect of appraisal of term loans by commercial banks? A. Financial feasibility. B. Technical feasibility. C. Economic feasibility. D. Societal feasibility.

Description : Which of the following is not an aspect of appraisal of term loans by commercial banks? A. Financial feasibility. B. Technical feasibility. C. Economic feasibility. D. Societal feasibility.

Last Answer : D. Societal feasibility.

National stock exchange was set up a joint stock company by all indian financial institution and banks on November 27 ____. A. 1991. B. 1992. C. 1993. D. 1994.

Description : National stock exchange was set up a joint stock company by all indian financial institution and banks on November 27 ____. A. 1991. B. 1992. C. 1993. D. 1994.

Last Answer : B. 1992.

How do banks and credit card companies know that fraudulent charges occurred on your card?

Description : How do banks and credit card companies know that fraudulent charges occurred on your card?

Last Answer : answer:It is unusual when your card is used in a city/country different to where it is ordinarily used or when it is being used for large amounts, or any amounts that vary from your usual ... procedures to determine whether your claim is genuine. I think go sooner than later if this keeps happening.

Why do banks care if you use debit or credit when paying with your bank card?

Description : Why do banks care if you use debit or credit when paying with your bank card?

Last Answer : The law protects you if you use a credit card for purchases. You are not liable in case of fraud, etc. The bank must pay or go after the company, and you have limited liability. With a debit ... like gasoline or groceries. Instead, use your debit card to pay bills you are sure you owe, etc.

Why do folks use banks if a credit union is available?

Description : Why do folks use banks if a credit union is available?

Last Answer : I think you answered your question in your details. People who can use a credit union probably do; people with no access to one are forced to use banks.