banking, security market & insurance section 5 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) directly with the volume of employment
(b) directly with the price level
(c) directly with the, interest rate
(d) inversely with the price level
The correct answers to the above question in:
Answer: (d)
The variation in the value of money is always accompanied by the opposite variation in the price of commodities and services.
In brief, the value of money varies inversely with the price level. It is reciprocal of the price level.
Vm =1/p
(where Vm denotes the value of money and p stands for price level).
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Question : 1
The microfinance institutions (MFI) registered as Non-Banking Finance Companies (NBFC) are presently regulated by
a) MUDRA (SIDBI) Bank
b) Reserve Bank of India
c) SEBI
d) NABARD
Answer »Answer: (b)
Microfinance Institutions (MFIs) regulated by the Reserve Bank of India (RBI).
Question : 2
The ‘Gilt edge’ market deals in
a) Corporate Bonds
b) Bullion
c) Govt. Securities
d) Worn and torn currency notes
Answer »Answer: (c)
Question : 3
An increase in CRR by the Reserve Bank of India results in
a) attracting more FDI in the country
b) reduction in liquidity in the economy
c) decrease in debt of the government
d) more flow of credit to desired sectors
Answer »Answer: (b)
The Cash Reserve Ratio is the amount of funds that the banks are bound to keep with the Reserve bank of India as a portion of their Net Demand and Time Liabilities (NDTL).
When RBI increases the CRR, fewer funds are available with banks as they have to keep larger portions of their cash in hand with RBI. This means that banks will now have less money to play with.
This resulted in a reduction in liquidity in the economy.
Question : 4
SMERA Limited, a popular body in the financial world, is a full service
a) Credit Information Bureau
b) Asset Management Company
c) Asset Financing Company
d) Credit Rating Agency
Answer »Answer: (d)
SMERA Ratings Limited is a full service Credit Rating Agency, registered with SEBI, and accredited by RBI as an External Credit Assessment Institution, for Bank Loan Ratings under BASEL-II norms.
Question : 5
The Indian Coins are minted at the four Indian Government Mints, which of the following is ‘not’ one of them?
a) India Government Mint, Noida (Uttar Pradesh)
b) India Government Mint, Hyderabad (Telangana)
c) India Government Mint, Nasik (Maharashtra)
d) India Government Mint, Kolkata (West Bengal)
Answer »Answer: (c)
The Government of India has the sole right to mint coins.
Coins are minted at the four India Government Mints at
- Mumbai, Alipore(Kolkata),
- Saifabad(Hyderabad),
- Cherlapally (Hyderabad) and
- Noida (UP).
Question : 6
‘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.
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