banking, security market & insurance section 1 MCQ Questions & Answers Detailed Explanation

Question : 1

Debenture holders of a company are the

a) Directors

b) Creditors

c) Debtors

d) Shareholders

Question : 2

The Insurance Regulatory and Development Authority was set up in India on

a) April 2003

b) April 2001

c) April 2002

d) April 2000

Question : 3

A third-party administrator (TPA) is an organisation associated with the claim settlement process in the

a) Commodity market

b) Insurance industry

c) Exchange markets

d) Mutual fund industry

Question : 4

In which of the following years India switched over to decimal currencies?

a) 1957

b) 1956

c) 1955

d) 1960

Question : 5

Consider the following statements in regard to ‘Marginal Standing Facility (MSF)’ of RBI :

1. It will help in reducing volatility in the overnight lending rates in the inter-bank market.
2. The borrowing under the MSF should be over and above the statutory liquidity requirement.

a) Both 1 and 2

b) 2 only

c) 1 only

d) Neither 1 nor 2

Question : 6

Who among the following can join the National Pension System (NPS)?

a) All State Government employees joining the services after the date of notification by the respective State Governments

b) Persons of age from 21 to 55 only

c) Resident Indian citizens only

d) All Central Government employees including those of Armed Forces joining the services on or after 1st April, 2004