banking, security market & insurance section 3 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) 1997
(b) 1995
(c) 1996
(d) 1992
The correct answers to the above question in:
Answer: (c)
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Question : 1
The first Land Development Bank was established in 1920. It was located at
a) Munger
b) Jhang
c) Meerut
d) Thane
Answer »Answer: (b)
The first land development bank was started at Jhang in Punjab in 1920.
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
Answer »Answer: (d)
Commercial Banks, Regional Rural Banks and Co-operative Banks are implementing the Micro Finance programme linked with Self Help Groups.
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
Answer »Answer: (c)
Open Market Operations refer to the purchase and sale of the Government securities (trading of the securities) by RBI from/to market.
The objective of Open Market Operations is to adjust the rupee liquidity conditions in the economy on a durable basis.
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
Answer »Answer: (d)
According to extant RBI guidelines, Payment Banks are not permitted to set up subsidiaries to undertake NBFC activities.
Question : 6
Which of the following will not be the part of ‘financial inclusion’?
- Opening educational centres
- Opening wealth management centres by citibank.
- Eradication of poverty.
- 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
Answer »Answer: (b)
Financial inclusion is the delivery of financial services, at affordable costs, to sections of disadvantaged and low income segments of society.It includes opening educational centres, opening wealth management centres by Citibank etc. Khan commission had put forward its report on financial inclusion.
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