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) Debt
(b) Debenture
(c) Demand
(d) Deposit
The correct answers to the above question in:
Answer: (c)
The abbreviation of Net Demand and Time Liabilities is NDTL, in which ‘D’ stands for demand.
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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
Answer »Answer: (b)
Industrial and Commercial Bank of China is the Largest Banks in the World with total assets of 3616.39 billion USD.
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
Answer »Answer: (c)
Higher interest rates in low inflation means higher real returns not just on money, but on all other assets too. These higher real returns increases the allocation of investment by people.
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
Answer »Answer: (c)
MobiKwik is an Indian company founded in 2009 that provides a mobile phone based payment system and digital wallet.
Question : 4
Consider the following statements in regard to ‘RESIDEX’:
- The index is prepared to track the prices of residential properties in India on the basis of actual transaction prices.
- 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
Answer »Answer: (a)
At present, the index is being developed only for the residential housing sector. However, at a later stage, the index could be expanded to develop separate indices for commercial property and land.
Primary data on housing prices is being collected from real estate agents by commissioning the services of private consultancy/research organisations of national repute.
In addition, data on housing prices is also being collected from the housing finance companies and banks, which is based on housing loans contracted by these institutions.
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.
Answer »Answer: (a)
Devaluation is a deliberate downward adjustment to the value of a country’s currency, relative to another currency, group of currencies. Since it is relative to other currencies so the internal price remains unchanged.
It causes a country’s exports to become less expensive and imports more expensive.
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
Answer »Answer: (c)
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