banking, security market & insurance section 4 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) ICICI
(b) RBI
(c) SBI
(d) SEBI
The correct answers to the above question in:
Answer: (d)
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Question : 1
The Bandhan Banking Limited is an Indian banking and financial services company Headquartered in
a) Hyderabad, Telangana
b) New Delhi, Delhi
c) Mumbai, Maharashtra
d) Kolkata, West Bengal
Answer »Answer: (d)
Bandhan Bank was incorporated on 23 December 2014 as a wholly owned subsidiary of Bandhan Financial Holdings with its headquarters at Kolkata, West Bengal, India.
Question : 2
The Bank rate is the rate at which
a) the RBI gives credit to the commercial banks.
b) the RBI lends to the public.
c) a bank lends to the public.
d) the Government of India lends to other countries.
Answer »Answer: (a)
Bank rate is that rate at which RBI gives credit to Commercial Banks.
Question : 3
Consider the following sentences regarding ‘India Post Payment bank’
- It is third entities that get approval from Reserve Bank of India.
- It can accept deposits up to 3 lakh per account from individuals.
a) 1 and 2
b) Only 2
c) Only 1
d) None of the above
Answer »Answer: (c)
India Post Payments Bank is the third entity to receive payments bank permit after Airtel and Paytm.
Question : 4
Choose the correct statements in the context of Cooperative Banks in India.
- Cooperative Banks operate on no profit no loss basis.
- Cooperative Banks are allowed to operate only in the agriculture sector.
- NABARD is a Cooperative Bank.
a) 1 and 3
b) 1 and 2
c) 1 only
d) All of these
Answer »Answer: (c)
Cooperative Banks operate on no profit no loss basis, and they operate in all sectors including agriculture sector.
NABARD is not a Cooperative Bank. National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India.
Question : 5
Consider the following statements with regard to Statutory Liquidity Ratio (SLR)
- To meet SLR, Commercial banks can use cash only.
- SLR is maintained by the banks with themselves.
- SLR restricts the banks leverage in pumping more money into the economy.
a) 2 and 3
b) 1 and 3
c) 1, 2 and 3
d) only 2
Answer »Answer: (a)
SLR used by bankers indicates the minimum percentage of deposits that the banks have to maintain in the form of gold, cash or other approved government securities.
Question : 6
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
Answer »Answer: (d)
The general superintendence and direction of the RBI are entrusted with the 21-member- Central Board of Directors—the Governor (currently Dr Urjit R. Patel), four Deputy Governors, two Finance Ministry representatives, ten government-nominated directors to represent important elements from India’s economy, and four directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and New Delhi.
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