Banking, Security Market & Insurance Section 1 Practice Questions Answers Test With Solutions & More Shortcuts
BANKING, SECURITY MARKET & INSURANCE PRACTICE TEST [5 - EXERCISES]
Banking, Security Market & Insurance Section 1
Banking, Security Market & Insurance Section 2
Banking, Security Market & Insurance Section 3
Banking, Security Market & Insurance Section 4
Banking, Security Market & Insurance Section 5
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
Answer »Answer: (c)
In India, commercial banks have the highest share in the disbursement of credit to agriculture and allied activities.
The commercial banks disburse around 60% credit followed by cooperative banks around 30%.
Question : 17
Consider the following statements :
- Small Industry Development Bank of India (SIDBI) was set up as a whole owned subsidiary of the RBI.
- 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
Answer »Answer: (b)
Small Industries Development Bank of India is a non-independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises.
It was incorporated initially as a wholly-owned subsidiary of the Industrial Development Bank of India.
SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.
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
Answer »Answer: (d)
Currency chests are usually located at authorized select branches of scheduled banks.
These currency chests are storehouses of banknotes and rupee coins and are usually established with important branches of Scheduled Commercial Banks.
They do their function on behalf of the Reserve Bank.
Question : 19
Consider the following statement in regard to reserve currency :
- Reserve currency acts as the international pricing currency in the global market for commodities like oil and gold.
- 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
Answer »Answer: (a)
A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves, and that is commonly used in international transactions for commodities like oil and gold.
Persons who live in a country that issues a reserve currency can purchase imports and borrow across borders more cheaply than persons in other nations because they need not exchange their currency to do so.
IMPORTANT INDIAN ECONOMY MCQ EXERCISES
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INDIAN ECONOMY MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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