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

Question : 21

Money laundering normally involves

a) integration of funds

b) layering of funds

c) placement of funds

d) all the above

Answer: (d)

Money laundering occurs in three steps:

  1. the first step involves introducing cash into the financial system by some means called placement;
  2. the second involves carrying out complex financial transactions to camouflage the illegal source called layering, and
  3. the final step entails acquiring wealth generated from the transactions of the illicit funds called integration.

Money Laundering - It is the process of transforming the profits of crime and corruption into ostensibly legitimate assets.

Question : 22 [CDS-2015-II]

Under flexible exchange rate system, the exchange rate is determined

a) as a weighted index of a group of currencies

b) by the Central Bank

c) predominantly by market mechanism

d) by the World Trade Organization

Answer: (c)

A flexible exchange rate system is a kind of a monetary system which allows the exchange rate to be regulated by supply and demand in relation to other currencies.

Question : 23 [UP-PCS 2015]

Which one of the following does not implement the Self – Help Groups (SHGs) - Bank Linkage programme?

a) RRBs

b) Commercial Banks

c) NABARD

d) Co- operative Banks

Answer: (c)

The Self-Help Group-Bank Linkage Programme (SBLP), which was started as a pilot programme in 1992 on the basis of the recommendation of the S K Kalia Committee.

Commercial banks, co-operative banks and the regional rural banks have been actively participating in the SBLP. NABARD does not implement the SBLP.

Question : 24 [UPPCS (Pre) 2008]

Capital Market means

a) All of the above

b) Commodity Market

c) Money Market

d) Share Market

Answer: (d)

Question : 25

The apex organisation of industrial finance in India is—

a) ICICI

b) RBI

c) IDBI

d) IFCI

Answer: (c)

IDBI Bank is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India.

IFCI: (Industrial finance corporation of India): It is an Indian government-owned development bank to cater to the long term financial needs of industrial sectors.

ICICI: It is an Indian multinational banking & financial services company headquartered in Mumbai.

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