Banking, Security Market & Insurance Section 1 Practice Questions Answers Test With Solutions & More Shortcuts

Question : 6 [IAS 2017]

Who among the following can join the National Pension System (NPS)?

a) All State Government employees joining the services after the date of notification by the respective State Governments

b) Persons of age from 21 to 55 only

c) Resident Indian citizens only

d) All Central Government employees including those of Armed Forces joining the services on or after 1st April, 2004

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Question : 7

Consider the following statements in regard to ‘Marginal Standing Facility (MSF)’ of RBI :

1. It will help in reducing volatility in the overnight lending rates in the inter-bank market.
2. The borrowing under the MSF should be over and above the statutory liquidity requirement.

Which of the statements given above is/are correct?

a) Both 1 and 2

b) 2 only

c) 1 only

d) Neither 1 nor 2

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Question : 8

In which of the following years India switched over to decimal currencies?

a) 1957

b) 1956

c) 1955

d) 1960

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Question : 9 [UP-PCS 2008]

The word “Actuaries” is related to

a) Share-market

b) Insurance

c) Banking

d) None of the above

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Question : 10 [UPSC (Pre) 2003]

Debenture holders of a company are the

a) Directors

b) Creditors

c) Debtors

d) Shareholders

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