banking, security market & insurance section 2 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 1

Note-issuing department of RBI should always possess the minimum gold stock of worth—

a) Rs. 200 crore

b) Rs. 115 crore

c) Rs. 85 crore

d) None of these

Question : 2

Who is the new Chairman of Life Insurance Corporation of India?

a) Thomas Matthew

b) D.K. Malhotra

c) S.K. Roy

d) V.K. Sharma

Question : 3 [BPSC 2017]

Bank rate means

a) Rate of Profit of banking institution

b) Interest rate charged by Scheduled Banks

c) Interest rate charged by money lenders

d) Official rate of interest charged by Central Bank

Question : 4

Which of the following is not true when the interest rate in the economy goes up?

a) Cost of production increases

b) Lending decreases

c) Saving increases

d) Return on capital increases

Question : 5

Which of the following does not grant any tax rebate?

a) National Saving Scheme

b) Indira Vikas Patra

c) National Saving Certificate

d) Public Provident Fund