Practice Quiz set 4 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) Private Sector Mutual Funds in India were permitted in
(a)
(b)
(c)
(d)
Q-2) 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-3) The alphabet ‘D’ in the abbreviation ‘NDTL’, commonly used in banking world, stands for
(a)
(b)
(c)
(d)
The abbreviation of Net Demand and Time Liabilities is NDTL, in which ‘D’ stands for demand.
Q-4) To prevent recurrence of scams in Indian capital market the Government of India has assigned regulatory power to
(a)
(b)
(c)
(d)
Q-5) Consider the following statements with regard to Statutory Liquidity Ratio (SLR) - To meet SLR, Commercial banks can use cash only.
- SLR is maintained by the banks with themselves.
- SLR restricts the banks leverage in pumping more money into the economy.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
SLR used by bankers indicates the minimum percentage of deposits that the banks have to maintain in the form of gold, cash or other approved government securities.
Q-6) Consider the following sentences regarding ‘India Post Payment bank’- It is third entities that get approval from Reserve Bank of India.
- It can accept deposits up to 3 lakh per account from individuals.
Which of the above sentence(s) is/are true?
(a)
(b)
(c)
(d)
India Post Payments Bank is the third entity to receive payments bank permit after Airtel and Paytm.
Q-7) How many seats of Deputy Governor are there in Reserve Bank of India?
(a)
(b)
(c)
(d)
The general superintendence and direction of the RBI are entrusted with the 21-member- Central Board of Directors—the Governor (currently Dr Urjit R. Patel), four Deputy Governors, two Finance Ministry representatives, ten government-nominated directors to represent important elements from India’s economy, and four directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and New Delhi.
Q-8) Choose the correct statements in the context of Cooperative Banks in India.
- Cooperative Banks operate on no profit no loss basis.
- Cooperative Banks are allowed to operate only in the agriculture sector.
- NABARD is a Cooperative Bank.
(a)
(b)
(c)
(d)
Cooperative Banks operate on no profit no loss basis, and they operate in all sectors including agriculture sector.
NABARD is not a Cooperative Bank. National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India.
Q-9) 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-10) 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.