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

Question : 1

IRDA regulates

a) None of the above

b) Insurance Companies

c) Retail Trade

d) Banking Companies

Question : 2

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

Question : 3

Note-issuing department of RBI should always possess the minimum gold stock of worth—

a) Rs. 200 crore

b) Rs. 115 crore

c) Rs. 85 crore

d) None of these

Question : 4

SEBI is a

a) Non-statutory Body

b) Advisory Body

c) Constitutional Body

d) Statutory Body

Question : 5

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

Question : 6

The apex organisation of industrial finance in India is—

a) ICICI

b) RBI

c) IDBI

d) IFCI