Banking, Security Market & Insurance Section 2 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 [BOM-PO 2016]
A central bank of a country uses Open Market Operations (OMO) as the primary means of implementing
a) Fiscal policy
b) Monetary policy
c) Tax policy
d) Budgetary policy
Answer »Answer: (b)
A central bank uses OMO as the primary means of implementing monetary policy.
Question : 23
Consider the following statements :
- Regional Rural Banks grant direct loans and advances to marginal farmers and rural artisans.
- NABARD is responsible for laying down policies and overseeing the operations of the RRBs.
a) Both 1 and 2
b) 2 only
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (a)
National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India.
It was established on 12 July 1982 in the sixth five-year plan and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture and rural non-farm sector and laying down policies and to oversee the operations of the RRBs.
Moreover, Regional Rural Banks grant direct loans and advances to marginal farmers and rural artisans. So both statements are correct.
Question : 24
In which year the Indian rupee was devalued two times within a month?
a) 1994
b) 1991
c) 1990
d) 1999
Answer »Answer: (b)
In 1991, India faced a serious balance of payment crisis and was forced to sharply devalue its currency. The country was in the grip of high inflation, low growth and the foreign reserves were not even worth meeting three weeks of imports.
Under these situations, the currency was devalued to 17.90 against the dollar. In July of 1991, the Indian Government devalued the rupees by between 18 and 19%. The Government also changed its trade policy higher restrictive to a system of tradable EXIM SCRIPS.
Question : 25 [UBI-PO 2016]
Which of the following public sector banks is the first bank to offer wealth management service?
a) State Bank of India
b) Bank of Baroda
c) Bank of India
d) Canara Bank
e) Other than those given as options
Answer »Answer: (a)
State Bank of India became the first public sector lender to launch wealth management service, a space dominated by private and foreign players, to cater to fast-growing affluent segment of the country.
IMPORTANT INDIAN ECONOMY MCQ EXERCISES
Banking, Security Market & Insurance Shortcuts »
Click to Read...Banking, Security Market & Insurance Section 2 Online Quiz
Click to Start..BANKING, SECURITY MARKET & INSURANCE SHORTCUTS AND TECHNIQUES WITH EXAMPLES
INDIAN ECONOMY MCQ CATEGORIES
-
» Introduction to Indian Economy
-
» Planning, Economic Development & Five year Plans
-
» National Income & Human Development Index
-
» Agriculture Sector, Subsidy and Food Processing
-
» Industries, Manufacturing & Service Sectors
-
» Inclusive growth, Sustainable development and employment
-
» Poverty & Unemployment
-
» Introduction to Micro Economics
-
» Introduction to Macro Economics
-
» Macro fundamentals, GDP, Investment, Growth
-
» Demand & Supply, Profit Loss, Inflation & Price Index
-
» Fiscal Policy, Public Finance and Monetary Policy
-
» Money Supply, Banking and Financial Institutions
-
» Taxes Types, Methods & Budgeting Process
-
» Banking, Security Market & Insurance
RECENT BLOGS
Recently Added Subject & Categories For All Competitive Exams
Alphabet and Number Arrangement Aptitude Model Test SSC
Alphabet and Number Arrangement objective Questions with detailed answers, PDF. Aptitude 50+ Practice MCQ exercises for SSC, all competitive, Bank Exams
Continue Reading »
SSC Direction and Distance Sense MCQ Practice Exercise
Top Direction and Distance Sense objective questions with answers, PDF for SSC. 100+ Aptitude practice exercises for all Bank, Govt, and Competitive Exams
Continue Reading »
100+ Blood Relation Aptitude Test Online, PDF for SSC
Top Blood Relation objective questions with answers, download PDF for SSC. 100+ Aptitude online practice exercises for all Bank, Govt, and Competitive Exams
Continue Reading »
Top 100+ English Jumbled Sentences MCQ with PDF for RBI
Very important Jumbled Sentences questions with answers PDF for RBI. 100+ General English practice exercises for all Bank, Govt, and Competitive Exams
Continue Reading »