banking, security market & insurance section 1 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 5 EXERCISES
The following question based on Banking, Security Market & Insurance topic of indian economy mcq
- 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
(a) 2 and 3 only
(b) 1 and 2 only
(c) 1 only
(d) 1, 2, 3 and 4
The correct answers to the above question in:
Answer: (b)
Because Reserve requirements are designed as “precautionary measures” and not to stop banks from “excessive” profit.
Practice Banking, Security Market & Insurance (banking, security market & insurance section 1) Online Quiz
Discuss Form
Read more banking security market insurance Based Indian Economy Questions and Answers
Question : 1
What is the purpose of setting up Small Finance Banks (SFBs) in India?
- To supply credit to small business units
- To supply credit to small and marginal farmers
- To encourage young entrepreneurs to set up businesses particularly in rural areas.
a) 1 and 3 only
b) 2 and 3 only
c) 1 and 2 only
d) 1, 2 and 3
Answer »Answer: (c)
While directly or indirectly all three will be encouraged because of Small Finance banks. But when RBI invited applications, the specific purpose were 1 and 2 only.
Question : 2
Which of the following is a most likely consequence of implementing the ‘Unified Payments Interface (UPI)’?
a) FDI inflows will drastically increase.
b) Digital currency will totally replace the physical currency in about two decades.
c) Mobile wallets will not be necessary for online payments.
d) Direct transfer of subsidies to poor people will become very effective.
Answer »Answer: (c)
“A” is the most appropriate choice. Mobile wallets will not be necessary, because your mobile number is directly linked with the bank account using bank’s ‘customized app’ which is built on the UPI platform.
Question : 3
Which of the following statements is/are correct in regard to ‘microfinance’?
- Micro-credit extended by banks to individual is reckoned as a part of their priority sector lending.
- RBI has prescribed a particular model the banks to provide microfinance.
a) Both 1 and 2
b) 2 only
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (c)
Micro-credit extended by banks to individuals is reckoned as a part of their priority sector lending and no particular model has been prescribed for micro-finance and banks have been extended freedom to formulate their own models.
GET Banking, Security Market & Insurance PRACTICE TEST EXERCISES
banking, security market & insurance section 1
banking, security market & insurance section 2
banking, security market & insurance section 3
banking, security market & insurance section 4
banking, security market & insurance section 5
Banking, Security Market & Insurance Shortcuts and Techniques with Examples
Verbal Reasoning
Question & Answer Quiz
Non Verbal Reasoning
Question & Answer Quiz
Quantitative Aptitude
Question & Answer Quiz
Computer MCQ
Question & Answer Quiz
General English
Question & Answer Quiz
History GK
Question & Answer Quiz
Polity GK
Question & Answer Quiz
Geography GK
Question & Answer Quiz
Economy GK
Question & Answer Quiz
General Awareness GK
Question & Answer Quiz
Recently Added Subject & Categories For All Competitive Exams
Number System - Aptitude Problems For IBPS RRB PO Prelims
Free Important 100+ Aptitude Number System practice multiple choice questions and answers test & Quiz PDF for IBPS RRB PO (Officer Scale 1) Prelims 2024 Exam
Continue Reading »
Classification MCQ Test: IBPS RRB PO 2024 Scale-1 Prelims
Free 150+ Classification Verbal Reasoning Multiple choice questions and answers practice test series PDF, Free Quiz For IBPS RRB PO Officer Scale 1 Level 2024
Continue Reading »
100+ Analogy Verbal Questions Answers PDF For IBPS RRB PO
Most Important Analogy Verbal Reasoning Multiple choice questions and answers practice test series PDF & Free Quiz For IBPS RRB PO Officer Scale 1 Level 2024
Continue Reading »
IBPS RRB Clerk 2024 Seating Arrangement Questions Answers
Seating Arrangement: Verbal Reasoning Practice multiple choice questions and answers test & Quiz PDF for IBPS RRB (Assistant Multipurpose) Clerk Prelims 2024
Continue Reading »