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

Question : 26 [IDBI 2016- 2017]

A currency note which is wholly or partly washed, shrunk, altered or indecipherable is known as a

a) Obliterated banknote

b) Soiled banknote

c) Forged banknote

d) Imperfect banknote

Answer: (d)

Imperfect banknote means any banknote, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable but does not include a mutilated banknote.

Question : 27 [HCS (Pre) 2014]

SEBI is a

a) Non-statutory Body

b) Advisory Body

c) Constitutional Body

d) Statutory Body

Answer: (d)

Question : 28

The head office of the National Bank for Agriculture and Rural Development (NABARD) located in

a) New Delhi

b) Hyderabad

c) Lucknow

d) Mumbai

Answer: (d)

The head office of the National Bank for Agriculture and Rural Development (NABARD) is located in Mumbai. It helps farmers access timely and adequate credit. Current Chairman - Dr. Harsh Kumar Bhanwala

Question : 29 [UPPCS (Pre) 2007]

IRDA regulates

a) None of the above

b) Insurance Companies

c) Retail Trade

d) Banking Companies

Answer: (b)

Question : 30 [RBI 2017]

The country’s first Aadhaar based ATM is launched by which one of the following banks?

a) HDFC

b) SBI

c) ICICI Bank

d) DCB Bank

Answer: (d)

DCB Bank, launched a “card-less and PIN-less” ATM in Bengaluru, in June, 2017. The ATM accepts Aadhaar number and Aadhaar fingerprint (biometric) instead of ATM / debit card and PIN to dispense cash from the bank account.

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1293 banking security market insurance MCQ section 1 question answer with explanation pdf

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