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) Non-statutory Body
(b) Advisory Body
(c) Constitutional Body
(d) Statutory Body
The correct answers to the above question in:
Answer: (d)
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Question : 1
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 »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 : 2
IRDA regulates
a) None of the above
b) Insurance Companies
c) Retail Trade
d) Banking Companies
Answer »Answer: (b)
Question : 3
The country’s first Aadhaar based ATM is launched by which one of the following banks?
a) HDFC
b) SBI
c) ICICI Bank
d) DCB Bank
Answer »Answer: (d)
DCB Bank, launched a “card-less and PIN-less” ATM in Bengaluru, in June, 2017. The ATM accepts Aadhaar number and Aadhaar fingerprint (biometric) instead of ATM / debit card and PIN to dispense cash from the bank account.
Question : 4
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
Answer »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.
Question : 5
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 : 6
Capital Market means
a) All of the above
b) Commodity Market
c) Money Market
d) Share Market
Answer »Answer: (d)
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