banking, security market & insurance section 3 MCQ Questions & Answers Detailed Explanation

Question : 1

According to extant RBI guidelines, ‘Payment Banks’ are not permitted to

a) distribute mutual fund/insurance/pension products

b) accept remittances to be sent to multiple banks

c) set up branches or ATMs

d) set up subsidiaries to undertake NBFC activities

Question : 2

Open - market operations of Reserve Bank of India refer to

a) transaction in gold

b) auctioning of Foreign Exchange

c) trading in securities

d) none of the above

Question : 3

India Brand Equity Fund was established in

a) 1997

b) 1995

c) 1996

d) 1992

Question : 4

If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits

a) will neither increase nor decrease

b) will increase

c) will decrease

d) None of the above

Question : 5

The last six characters of the alphanumeric IFSC printed on the cheque helps in identifying the

a) Bank name

b) Type of account

c) Bank branch

d) Business or profession

Question : 6

In case of Small Finance Banks (SFB), the loan size and investment limit exposure to single

a) 15 per cent of capital funds

b) 10 per cent of capital funds

c) 15 per cent of total advances

d) 10 per cent of total advances