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

Question : 1

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

Question : 2

Consider the following statements :

1. Small Industry Development Bank of India (SIDBI) was set up as a whole owned subsidiary of the RBI.
2. 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

Question : 3

The ‘Currency Chests’ are store-houses where bank notes and rupee coins are clocked on behalf of

a) Commercial Banks

b) Public Sector Banks

c) State Bank of India

d) Reserve Bank of India

Question : 4

A currency which either has a missing portion or is composed of more than two pieces is categorized as a

a) Detached Note

b) Imperfect Note

c) Soiled Note

d) Mutilated Note

Question : 5

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 %

Question : 6

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