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

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The following question based on Banking, Security Market & Insurance topic of indian economy mcq

Questions : With reference to Asian Development Bank, consider the following statements
  1. The United States has the largest proportion of shares in the voting system.
  2. China and India have the same percentage of shares for the voting system.
Which of the statement(s) given above is/are correct?

(a) Both I and II

(b) Only II

(c) Only I

(d) Neither I nor II

The correct answers to the above question in:

Answer: (d)

Largest Shareholdings

  1. Japan (15.6%)
  2. US (15.5%)
  3. China (6.5%)
  4. India (6.3%)

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Read more banking security market insurance Based Indian Economy Questions and Answers

Question : 1

The Indian Life Insurance Company ‘Aviva India’ is a joint venture between Aviva pic, a British insurance Company and the Indian conglomerate

a) Dabur Group

b) L and T Group

c) Tata Group

d) TVS Group

Answer: (a)

Aviva India is an Indian life assurance company, and a joint venture between Aviva plc, a British assurance company, and Dabur Group, an Indian conglomerate.

Question : 2

The share of the concerned State Government in the capital of Regional Rural Banks is

a) 20 per cent

b) 35 per cent

c) 15 per cent

d) 50 per cent

Answer: (c)

In the regional rural banks, 50% share shall be held by the central government, 15% by the concerned state government and 35% by the sponsor bank.

Question : 3

Which of the following terms is not a financial term?

a) RTGS

b) Core banking solution

c) Investment

d) All the above

Answer: (d)

All the above given terms are not a financial term. RTGS (Real Time Gross Settlement) is fund transfer system, core banking solutions like treasury and investment are all processes not financial term.

Question : 4

Which one of the following is related to the regulation of stock exchange operations?

a) Stock holding corporation of India

b) SEBI

c) SIDBI

d) SAIL

Answer: (b)

Question : 5

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.
Which of the above sentence(s) is/are true?

a) 1 and 2

b) Only 2

c) Only 1

d) None of the above

Answer: (c)

India Post Payments Bank is the third entity to receive payments bank permit after Airtel and Paytm.

Question : 6

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: (a)

Bank rate is that rate at which RBI gives credit to Commercial Banks.

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