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

Question : 1

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 : 2

Which of the following company is the sole reinsurance company in India?

a) National Insurance Company

b) ICICI Prudential Life Insurance Company

c) Life Insurance Corporation of India

d) General Insurance Corporation

Question : 3

In the context of Indian economy, open market operations to :

1. borrowing by scheduled banks from RBI
2. lending by commercial banks to industry and trade
3. purchase and sale of government securities by the RBI
4. None of the above

a) 4 and 1 only

b) 3 only

c) 1 and 2 only

d) 2 and 3 only

Question : 4

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 : 5

Which one of the following Public Sector Bank’s emblem figures a dog and the words ‘faithful friendly, in it?

a) oriental Bank of Commerce

b) Syndicate Bank

c) Punjab National Bank

d) State Bank of India

Question : 6

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