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

Question : 1

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

a) Munger

b) Jhang

c) Meerut

d) Thane

Question : 2

SEBI was established in the year

a) 1985

b) 1990

c) 1991

d) 1988

Question : 3

The banks which are implementing the Micro Finance Programme linked with Self Help Groups (SHGs) are

a) Co-operative banks and Regional Rural Banks, only

b) Regional Rural Banks and Commercial Banks, only

c) Commercial Banks and Co-operative Banks only

d) Commercial Banks, Regional Rural Banks and Co-operative Banks

Question : 4

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 : 5

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 : 6

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