Practice Banking security market insurance - indian economy mcq Online Quiz (set-2) For All Competitive Exams
Q-1) SEBI was established in the year
(a)
(b)
(c)
(d)
Q-2) The ‘Mudra Bank’ is a subsidiary of
(a)
(b)
(c)
(d)
The Mudra Bank is subsidiary of Small industrial development bank of India (SIDBI).
Q-3) Which of the following institutions is the umbrella organization for all retail payment systems in India?
(a)
(b)
(c)
(d)
National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments in India.
Q-4) Private Sector Mutual Funds in India were permitted in
(a)
(b)
(c)
(d)
Q-5) Which of the following terms is not a financial term?
(a)
(b)
(c)
(d)
All the above given terms are not a financial term. RTGS (Real Time Gross Settlement) is fund transfer system, core banking solutions like treasury and investment are all processes not financial term.
Q-6) The Indian Life Insurance Company ‘Aviva India’ is a joint venture between Aviva pic, a British insurance Company and the Indian conglomerate
(a)
(b)
(c)
(d)
Aviva India is an Indian life assurance company, and a joint venture between Aviva plc, a British assurance company, and Dabur Group, an Indian conglomerate.
Q-7) The share of the concerned State Government in the capital of Regional Rural Banks is
(a)
(b)
(c)
(d)
In the regional rural banks, 50% share shall be held by the central government, 15% by the concerned state government and 35% by the sponsor bank.
Q-8) Which of the following banks is the World’s largest bank by assets?
(a)
(b)
(c)
(d)
Industrial and Commercial Bank of China is the Largest Banks in the World with total assets of 3616.39 billion USD.
Q-9) The recently launched ‘UPI’ is expected to make sending money easy. The letter ‘I’ in the abbreviation ‘UPI’ stands for
(a)
(b)
(c)
(d)
A Unified Payment Interface (UPI) is a single window mobile payment system launched by the National Payments Corporation of India (NPCI). The letter “I” in the abbreviation UPI stands for interface.
Q-10) In the context of Indian economy; which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’? - To enable the Central Bank to control the amount of advances the banks can create
- To make the people’s deposits with banks safe and liquid
- To prevent the commercial banks from making excessive profits
- To force the banks to have sufficient vault cash to meet their day-to-day requirements
Select the correct answer using the code given below.
(a)
(b)
(c)
(d)
Because Reserve requirements are designed as “precautionary measures” and not to stop banks from “excessive” profit.
Q-11) With reference to Asian Development Bank, consider the following statements
- The United States has the largest proportion of shares in the voting system.
- China and India have the same percentage of shares for the voting system.
Which of the statement(s) given above is/are correct?
(a)
(b)
(c)
(d)
Largest Shareholdings
- Japan (15.6%)
- US (15.5%)
- China (6.5%)
- India (6.3%)
Q-12) The ‘Gilt edge’ market deals in
(a)
(b)
(c)
(d)
Q-13) A third-party administrator (TPA) is an organisation associated with the claim settlement process in the
(a)
(b)
(c)
(d)
A Third Party Administrator (TPA) is an Insurance Regulatory Development Authority (IRDA) registered company or an organization that processes insurance claims on behalf of insurance companies.
Q-14) Capital Market means
(a)
(b)
(c)
(d)
Q-15) Who is the new Chairman of Life Insurance Corporation of India?
(a)
(b)
(c)
(d)
V.K. Sharma is the new Chairman of Life Insurance Corporation of India.
LIC : Largest insurance company in India,
HQ : Mumbai, India
Q-16) Which one of the following is different from the others from the point of view of ownership?
(a)
(b)
(c)
(d)
Q-17) NABARD was established in the
(a)
(b)
(c)
(d)
It was established on 12 July 1982 in the sixth five-year plan by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non-farm sector.
Q-18) ‘MobiKwik’ is the name of a
(a)
(b)
(c)
(d)
MobiKwik is an Indian company founded in 2009 that provides a mobile phone based payment system and digital wallet.
Q-19) Which among the following agency regulates the Mutual Funds in India?
(a)
(b)
(c)
(d)
Q-20) In India, one-rupee coins and notes and subsidiary coins are issued by
(a)
(b)
(c)
(d)
The responsibility for coinage lies with the central government on the basis of the Coinage Act, 1906.
The designing and minting of coins in various denominations are decided by the Central government. Except for one rupee note & coin, all the currencies are minted by RBI.
In one rupee note, the RIB signature of the RBI Governor of currency is held in 4 places Hyderabad, Mumbai, Kolkata & Noida.