banking, security market & insurance section 2 MCQ Questions & Answers Detailed Explanation

Question : 1

The Depositor Education and Awareness Fund (DEAF) is maintained with

a) Life Insurance Corporation

b) NABARD

c) Reserve Bank of India

d) State Bank of India

Question : 2

Consider the following statements in regard to devaluation and depreciation of a currency:

1. Devaluation is an activity conducted by central government whereas depreciation happens due to market forces.
2. In both the devaluation and depreciation currency loses value against other currencies in a floating currency exchange market.

a) Both 1 and 2

b) 2 only

c) 1 only

d) Neither 1 nor 2

Question : 3

Non - performing assets in commercial banks means

a) loans in which interest or principal amount is not recovered.

b) capital assets not in use.

c) bank deposits which are not invested.

d) low - interest rate loans.

Question : 4

Section 2 of ‘The Coinage Act, 2011’ clarifies that the term ‘Coin’ does ‘not’ include

a) Government of India One Rupee Note

b) Commemorative coin issued by Reserve Bank of India

c) Postal order or ‘p-money’ issued by any bank or post office

d) Coins made of any other material stamped by Government

Question : 5

The first Indian Bank to introduce ‘Smart Vault’, a fully automated locker facility using robotic technology to access lockers from the stafe vault is

a) HDFC Bank

b) Federal Bank

c) IDBI Bank

d) ICICI Bank

Question : 6

Which of the following is the first bank to tie up with Indian railways to sell rail tickets through its web site?

a) Axis Bank Ltd.

b) ICICI Bank

c) State Bank of India

d) Punjab National Bank