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 : 21
Money laundering normally involves
a) integration of funds
b) layering of funds
c) placement of funds
d) all the above
Answer »Answer: (d)
Money laundering occurs in three steps:
- the first step involves introducing cash into the financial system by some means called placement;
- the second involves carrying out complex financial transactions to camouflage the illegal source called layering, and
- 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 »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 »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 : 25
The apex organisation of industrial finance in India is—
a) ICICI
b) RBI
c) IDBI
d) IFCI
Answer »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.
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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