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

Question : 1

Which of the following banks is the World’s largest bank by assets?

a) BNP Paribas

b) Industrial and Commercial Bank of China (ICBC)

c) Bank of America

d) Bank of China

Question : 2

High rates of interest in a low inflation region

a) create atmosphere for capital formation

b) discourage people to make an investment

c) attract people to make an investment

d) are not favourable for credit expansion

Question : 3

‘MobiKwik’ is the name of a

a) White Label ATM entity

b) Online shopping portal

c) Mobile wallet and online payment system

d) Brown Label ATM entity

Question : 4

Consider the following statements in regard to ‘RESIDEX’:

1. The index is prepared to track the prices of residential properties in India on the basis of actual transaction prices.
2. The index is prepared from the secondary data available from various sources like housing, finance companies and banks.

a) Both 1 and 2

b) 2 only

c) 1 only

d) Neither 1 nor 2

Question : 5

Currency devaluation done by the government leads to which of the following?

a) No impact on domestic prices

b) Increase in domestic prices

c) Fall in domestic prices

d) Irregular fluctuations in domestic prices.

Question : 6

The financial instrument, through which Indian companies can raise money from overseas market in Rupees, is known as

a) Overseas Bonds

b) Gold Bonds

c) Masala Bonds

d) RBI Bonds