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

Question : 1

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 : 2

India Brand Equity Fund was established in

a) 1997

b) 1995

c) 1996

d) 1992

Question : 3

The first Land Development Bank was established in 1920. It was located at

a) Munger

b) Jhang

c) Meerut

d) Thane

Question : 4

Which of the following will not be the part of ‘financial inclusion’?

1. Opening educational centres
2. Opening wealth management centres by citibank.
3. Eradication of poverty.
4. Report of Khan commission on financial inclusion.

a) 1, 3 and 4 only

b) 1, 2 and 4 only

c) 1, 2 and 3 only

d) 1, 2, 3 and 4

Question : 5

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 : 6

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