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) as a weighted index of a group of currencies
(b) by the Central Bank
(c) predominantly by market mechanism
(d) by the World Trade Organization
The correct answers to the above question in:
Answer: (c)
A flexible exchange rate system is a kind of a monetary system which allows the exchange rate to be regulated by supply and demand in relation to other currencies.
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Question : 1
Which one of the following does not implement the Self – Help Groups (SHGs) - Bank Linkage programme?
a) RRBs
b) Commercial Banks
c) NABARD
d) Co- operative Banks
Answer »Answer: (c)
The Self-Help Group-Bank Linkage Programme (SBLP), which was started as a pilot programme in 1992 on the basis of the recommendation of the S K Kalia Committee.
Commercial banks, co-operative banks and the regional rural banks have been actively participating in the SBLP. NABARD does not implement the SBLP.
Question : 2
Capital Market means
a) All of the above
b) Commodity Market
c) Money Market
d) Share Market
Answer »Answer: (d)
Question : 3
The apex organisation of industrial finance in India is—
a) ICICI
b) RBI
c) IDBI
d) IFCI
Answer »Answer: (c)
IDBI Bank is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India.
IFCI: (Industrial finance corporation of India): It is an Indian government-owned development bank to cater to the long term financial needs of industrial sectors.
ICICI: It is an Indian multinational banking & financial services company headquartered in Mumbai.
Question : 4
Money laundering normally involves
a) integration of funds
b) layering of funds
c) placement of funds
d) all the above
Answer »Answer: (d)
Money laundering occurs in three steps:
- the first step involves introducing cash into the financial system by some means called placement;
- the second involves carrying out complex financial transactions to camouflage the illegal source called layering, and
- the final step entails acquiring wealth generated from the transactions of the illicit funds called integration.
Money Laundering - It is the process of transforming the profits of crime and corruption into ostensibly legitimate assets.
Question : 5
The most volatile part of the Organised Money Market in India is
a) Certificate of Deposit Market
b) Commercial Bill Market
c) Call Money Market
d) Government Security Market
Answer »Answer: (c)
Question : 6
Consider the following statement in regard to reserve currency :
- Reserve currency acts as the international pricing currency in the global market for commodities like oil and gold.
- The country whose local currency is accepted as reserve currency gets an added advantage in terms of lower commodity rates in the international market.
a) Both 1 and 2
b) 2 only
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (a)
A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves, and that is commonly used in international transactions for commodities like oil and gold.
Persons who live in a country that issues a reserve currency can purchase imports and borrow across borders more cheaply than persons in other nations because they need not exchange their currency to do so.
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