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

Question : 16

In India, which of the following has the highest share in the disbursement of credit to agriculture and allied activities?

a) Regional Rural Banks

b) Co-operative Banks

c) Commercial Banks

d) Microfinance Institutions

Question : 17

Consider the following statements :

1. Small Industry Development Bank of India (SIDBI) was set up as a whole owned subsidiary of the RBI.
2. SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.

a) Both 1 and 2

b) 2 only

c) 1 only

d) Neither 1 nor 2

Question : 18 [IDBI 2016- 2017]

The ‘Currency Chests’ are store-houses where bank notes and rupee coins are clocked on behalf of

a) Commercial Banks

b) Public Sector Banks

c) State Bank of India

d) Reserve Bank of India

Question : 19

Consider the following statement in regard to reserve currency :

1. Reserve currency acts as the international pricing currency in the global market for commodities like oil and gold.
2. The country whose local currency is accepted as reserve currency gets an added advantage in terms of lower commodity rates in the international market.

a) Both 1 and 2

b) 2 only

c) 1 only

d) Neither 1 nor 2

Question : 20 [RAS (Pre) 2018]

The most volatile part of the Organised Money Market in India is

a) Certificate of Deposit Market

b) Commercial Bill Market

c) Call Money Market

d) Government Security Market