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
(a) Detached Note
(b) Imperfect Note
(c) Soiled Note
(d) Mutilated Note
The correct answers to the above question in:
Answer: (d)
Mutilated banknote is a banknote, of which a portion is missing or which is composed of more than two pieces.
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Question : 1
Which among the following agency regulates the Mutual Funds in India?
a) Indian Bank Association
b) National Stock Exchange
c) RBI
d) SEBI
Answer »Answer: (d)
Question : 2
In India, which of the following has the highest share in the disbursement of credit to agriculture and allied activities?
a) Regional Rural Banks
b) Co-operative Banks
c) Commercial Banks
d) Microfinance Institutions
Answer »Answer: (c)
In India, commercial banks have the highest share in the disbursement of credit to agriculture and allied activities.
The commercial banks disburse around 60% credit followed by cooperative banks around 30%.
Question : 3
Consider the following statements :
- Small Industry Development Bank of India (SIDBI) was set up as a whole owned subsidiary of the RBI.
- SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.
a) Both 1 and 2
b) 2 only
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
Small Industries Development Bank of India is a non-independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises.
It was incorporated initially as a wholly-owned subsidiary of the Industrial Development Bank of India.
SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.
Question : 4
RBI’s first census of India’s foreign Assets & Liability as on 30 June 1948 revealed total foreign business investments of Rs. 302 cr, out of it what was the % of British investments in India?
a) 72 %
b) 60 %
c) 51 %
d) 91 %
Answer »Answer: (a)
72% was British investment in India, when RBI first census of India’s foreign Assets & Liabilites as on 30 June 1948 revealed total business investment of Rs.302 crore.
Question : 5
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
Answer »Answer: (b)
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.
Question : 6
The Insurance Regulatory and Development Authority was set up in India on
a) April 2003
b) April 2001
c) April 2002
d) April 2000
Answer »Answer: (d)
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