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) None of the above
(b) Insurance Companies
(c) Retail Trade
(d) Banking Companies
The correct answers to the above question in:
Answer: (b)
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Question : 1
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 : 2
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
Answer »Answer: (b)
Question : 3
Who is the new Chairman of Life Insurance Corporation of India?
a) Thomas Matthew
b) D.K. Malhotra
c) S.K. Roy
d) V.K. Sharma
Answer »Answer: (d)
V.K. Sharma is the new Chairman of Life Insurance Corporation of India.
LIC : Largest insurance company in India,
HQ : Mumbai, India
Question : 4
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 : 5
SEBI is a
a) Non-statutory Body
b) Advisory Body
c) Constitutional Body
d) Statutory Body
Answer »Answer: (d)
Question : 6
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.
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banking, security market & insurance section 1
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