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

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

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.

Question : 3

Consider the following sentences regarding ‘India Post Payment bank’

1. It is third entities that get approval from Reserve Bank of India.
2. 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

Question : 4

Choose the correct statements in the context of Cooperative Banks in India.

1. Cooperative Banks operate on no profit no loss basis.
2. Cooperative Banks are allowed to operate only in the agriculture sector.
3. NABARD is a Cooperative Bank.

a) 1 and 3

b) 1 and 2

c) 1 only

d) All of these

Question : 5

Consider the following statements with regard to Statutory Liquidity Ratio (SLR)

1. To meet SLR, Commercial banks can use cash only.
2. SLR is maintained by the banks with themselves.
3. 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

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