Practice Quiz set 3 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) India Brand Equity Fund was established in
(a)
(b)
(c)
(d)
Q-2) SEBI was established in the year
(a)
(b)
(c)
(d)
Q-3) 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-4) 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-5) The first Land Development Bank was established in 1920. It was located at
(a)
(b)
(c)
(d)
The first land development bank was started at Jhang in Punjab in 1920.
Q-6) The ‘Indian Bank’ is an Indian state-owned financial service company Headquartered in
(a)
(b)
(c)
(d)
Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India.
Q-7) The Rural infrastructure fund set up in 1995 – 96, is maintained by the
(a)
(b)
(c)
(d)
Through the assistance of the Swiss Agency for Development & cooperation, NABARD set up the Rural innovation fund. RIDF is another noted scheme for the bank for rural development.
Under the RIDF scheme Rs. 51,283 crore have been sanctioned for 2,44,651 projects covering irrigation, rural roads and bridges, health & education, soil conservation, water schemes etc.
Q-8) ‘SFMS’ is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications. The first letter ‘S’ in the abbreviation ‘SFMS’ stands for
(a)
(b)
(c)
(d)
SFMS stands for Structured Financial Messaging System.
Q-9) The last six characters of the alphanumeric IFSC printed on the cheque helps in identifying the
(a)
(b)
(c)
(d)
The IFSC is an 11-character code with the first four alphabetic characters representing the bank name, and the last six characters (usually numeric, but can be alphabetic) representing the branch.
Q-10) Consider the following statements : - Fiat money is a term used for Gold coins
- Currency Deposit Ratio is the proportion of the total deposits commercial banks keep as reserves.
Which of the above statements is/are correct?
(a)
(b)
(c)
(d)
Currency notes and coins are called fiat money. They don’t have intrinsic value like a gold or silver coin. The currency-deposit ratio measures the relationship between the cash people have on hand and what they have in their accounts.