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) IFCI
(b) RBI
(c) ICICI
(d) SIDBI
The correct answers to the above question in:
Answer: (d)
The Mudra Bank is subsidiary of Small industrial development bank of India (SIDBI).
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Question : 1
Which is not a source of agriculture finance in India?
a) Regional Rural Banks
b) Commercial Banks
c) Co-operative societies
d) None of these
Answer »Answer: (d)
These all provide finance under various schemes run by central government and state governments to purchase seeds, fertilizer, pesticides etc.
Question : 2
Who decides the rate of interest on savings bank deposits?
a) Reserve Bank of India
b) Indian Banks Association
c) Ministry of Finance
d) Individual Banks
Answer »Answer: (d)
RBI Gives power to Banks to decide saving banks deposit interest rates.
Question : 3
Which one of the following is different from the others from the point of view of ownership?
a) Kisan Vikas Patra
b) Bank Fixed Deposit
c) LIC Policy
d) Debenture of a Company
Answer »Answer: (d)
A debenture is a type of debt instrument that is not secured by physical assets or collateral. Both corporations and governments frequently issue this type of bond to secure capital.
Question : 4
The ‘Interest Rate Risk’ is a type of
a) Reputational Risk
b) Liquidity Risk
c) Market Risk
d) Operational Risk
Answer »Answer: (c)
There are four major types of market risk; Interest Rate Risk, Equity Price Risk, Foreign Exchange Risk, Commodity Price Risk.
Question : 5
The Rural infrastructure fund set up in 1995 – 96, is maintained by the
a) NABARD
b) State Bank of India
c) Reserve Bank of India
d) Regional Rural Bank
Answer »Answer: (a)
Through the assistance of the Swiss Agency for Development & cooperation, NABARD set up the Rural innovation fund. RIDF is another noted scheme for the bank for rural development.
Under the RIDF scheme Rs. 51,283 crore have been sanctioned for 2,44,651 projects covering irrigation, rural roads and bridges, health & education, soil conservation, water schemes etc.
Question : 6
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.
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