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

Answer: (a)

Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India.

Answer: (b)

In India, ‘Report on Currency and Finance’ is the annual publication of the Reserve Bank of India.

The report highlights the evaluation or devaluation of the Rupee as a currency along with its other aspects and projects the financial condition of the economy.

SEBI: Regulator for the security market in India. Headquarters (Mumbai)

Finance commission: formed to define the financial relationship between the centre and state.

Headquarters: New Delhi Finance

Ministry: An important ministry their the Govt. of India concerned with the economy of India.

Answer: (a)

The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services.

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.

Answer: (d)

RBI Gives power to Banks to decide saving banks deposit interest rates.

Answer: (d)

These all provide finance under various schemes run by central government and state governments to purchase seeds, fertilizer, pesticides etc.