banking, security market & insurance section 4 MCQ Questions & Answers Detailed Explanation

Question : 1

SBI Life Insurance Limited is a joint venture life insurance company of State Bank of India (SBI) and

a) BNP Paribas Cardiff

b) Life Insurance Corporation of India

c) HDFC Life Insurance Company

d) ICICI Prudential Life Insurance Company

Question : 2

For regulation of the Insurance Trade in the country the Government has formed

a) General Insurance Corporation

b) Reserve Bank of India

c) Insurance Regulatory and Development Authority

d) SEBI

Question : 3

Devaluation of currency leads to

a) expansion of import substituting

b) contraction of import trade

c) expansion of export trade

d) all of the above

Question : 4

Yes Bank has announced mobilisation of USD 5 billion towards its commitment to climate finance in India by 2020. The Bank’s committed target for funding clean energy is

a) 1500 MW by 2020

b) 1500 MW annually

c) 1000 MW annually

d) 5000 MW by 2020

Question : 5

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.