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

Question : 1

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 : 2

Private Sector Mutual Funds in India were permitted in

a) 2001

b) 1993

c) 1994

d) 1964

Question : 3

How many seats of Deputy Governor are there in Reserve Bank of India?

a) 3 only

b) 2 only

c) 1 only

d) 4 only

Question : 4

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 : 5

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 : 6

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