banking, security market & insurance section 1 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 11 [UPPCS (Pre) 2008]

The Insurance Regulatory and Development Authority was set up in India on

a) April 2003

b) April 2001

c) April 2002

d) April 2000

Question : 12 [IDBI 2016- 2017]

A third-party administrator (TPA) is an organisation associated with the claim settlement process in the

a) Commodity market

b) Insurance industry

c) Exchange markets

d) Mutual fund industry

Question : 13

RBI’s first census of India’s foreign Assets & Liability as on 30 June 1948 revealed total foreign business investments of Rs. 302 cr, out of it what was the % of British investments in India?

a) 72 %

b) 60 %

c) 51 %

d) 91 %

Question : 14 [BOM-PO 2016]

A currency which either has a missing portion or is composed of more than two pieces is categorized as a

a) Detached Note

b) Imperfect Note

c) Soiled Note

d) Mutilated Note

Question : 15 [UPPCS (Mains) 2013]

Which among the following agency regulates the Mutual Funds in India?

a) Indian Bank Association

b) National Stock Exchange

c) RBI

d) SEBI