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) The State Bank of India
(b) The Central Government
(c) The Reserve Bank of India
(d) The Unit Trust of India
The correct answers to the above question in:
Answer: (b)
The responsibility for coinage lies with the central government on the basis of the Coinage Act, 1906.
The designing and minting of coins in various denominations are decided by the Central government. Except for one rupee note & coin, all the currencies are minted by RBI.
In one rupee note, the RIB signature of the RBI Governor of currency is held in 4 places Hyderabad, Mumbai, Kolkata & Noida.
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Question : 1
The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called
a) Central Bank Reserve (CBR)
b) Statutory Liquid Ratio (SLR)
c) Statutory Bank Ratio (SBR)
d) Central Liquid Reserve (CLR)
Answer »Answer: (b)
Question : 2
Which of the following institutions is the umbrella organization for all retail payment systems in India?
a) CDSL
b) CCIL
c) RBI
d) NPCI
Answer »Answer: (d)
National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments in India.
Question : 3
Which of the following statements best describes the term ‘Scheme for Sustainable Structuring of Stressed Assets (S4A)’, recently seen in the news?
a) It is a disinvestment plan of the Government regarding Central Public Sector Undertakings.
b) It is a scheme of RBI for reworking the financial structure of big corporate entities facing genuine difficulties.
c) It is a procedure for considering ecological costs of developmental schemes formulated by the Government.
d) It is an important provision in ‘The Insolvency and Bankruptcy Code’ recently implemented by the Government.
Answer »Answer: (b)
S4A is RBI’s scheme for restructuring of corporate loans, hence “B” is the most appropriate among the given options.
Question : 4
Participatory Notes (PNs) are associated with which one of the following?
a) Kyoto Protocol
b) Foreign Institutional Investors
c) United Nations Development Programme
d) Consolidated Fund of India
Answer »Answer: (b)
Question : 5
Which of the following definitions are in correct?
- Basis points: increase in interest rates in percentage terms.
- Repo rate: rate at which commercial banks borrow from the RBI by selling their securities or financial assets to the RBI for a longperiod of time.
- Reverse repo rate: rate of interest at which the central bank borrows funds from commercial banks for a short duration.
- Cash reserve ratio: minimum percentage of cash deposits that banks must keep with itself to avoid liquidity issues.
a) (ii) & (iv)
b) (ii), (iii) & (iv)
c) (i) & (ii)
d) (iii) & (iv)
Answer »Answer: (a)
Basis points: It is the increase in interest rates in percentage terms.
Repo rate: Repo rate is the policy rate and is part of RBI’s Liquidity Adjustment Facility (LAF). It is the rate at which commercial banks borrow from the RBI by selling their securities or financial assets to the RBI for a short period of time.
Reverse repo rate: Reverse Repo Rate is also a part of LAF. It is the rate of interest at which the central bank borrows funds from commercial banks for a short duration.
Cash reserve ratio: CRR is the minimum percentage of cash deposits that banks must keep with the central bank.
Question : 6
Which is credit rating agency in India?
a) All of these
b) CARE
c) ICRA
d) CRISIL
Answer »Answer: (a)
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