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

MOST IMPORTANT indian economy mcq - 5 EXERCISES

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The following question based on Banking, Security Market & Insurance topic of indian economy mcq

Questions : A currency note which is wholly or partly washed, shrunk, altered or indecipherable is known as a

(a) Obliterated banknote

(b) Soiled banknote

(c) Forged banknote

(d) Imperfect banknote

The correct answers to the above question in:

Answer: (d)

Imperfect banknote means any banknote, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable but does not include a mutilated banknote.

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Read more banking security market insurance Based Indian Economy Questions and Answers

Question : 1

SEBI is a

a) Non-statutory Body

b) Advisory Body

c) Constitutional Body

d) Statutory Body

Answer: (d)

Question : 2

The head office of the National Bank for Agriculture and Rural Development (NABARD) located in

a) New Delhi

b) Hyderabad

c) Lucknow

d) Mumbai

Answer: (d)

The head office of the National Bank for Agriculture and Rural Development (NABARD) is located in Mumbai. It helps farmers access timely and adequate credit. Current Chairman - Dr. Harsh Kumar Bhanwala

Question : 3

IRDA regulates

a) None of the above

b) Insurance Companies

c) Retail Trade

d) Banking Companies

Answer: (b)

Question : 4

The apex organisation of industrial finance in India is—

a) ICICI

b) RBI

c) IDBI

d) IFCI

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 : 5

Capital Market means

a) All of the above

b) Commodity Market

c) Money Market

d) Share Market

Answer: (d)

Question : 6

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: (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.

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