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 : 26 [Bihar J.Service 2016]
Which of the following is the first bank to tie up with Indian railways to sell rail tickets through its web site?
a) Axis Bank Ltd.
b) ICICI Bank
c) State Bank of India
d) Punjab National Bank
Answer »Answer: (b)
ICICI Bank has tied up with railway’s e-ticketing platform IRCTC to sell rail tickets through its website.
Question : 27 [BOM-PO 2016]
The first Indian Bank to introduce ‘Smart Vault’, a fully automated locker facility using robotic technology to access lockers from the stafe vault is
a) HDFC Bank
b) Federal Bank
c) IDBI Bank
d) ICICI Bank
Answer »Answer: (d)
ICICI, the first Indian bank has launched “Smart Vault” a fully automated locker facility using robotic technology to access lockers (available 24x7, including weekends and after banking hours.) from state vault.
Question : 28 [IDBI 2016- 2017]
Section 2 of ‘The Coinage Act, 2011’ clarifies that the term ‘Coin’ does ‘not’ include
a) Government of India One Rupee Note
b) Commemorative coin issued by Reserve Bank of India
c) Postal order or ‘p-money’ issued by any bank or post office
d) Coins made of any other material stamped by Government
Answer »Answer: (c)
According to Section 2 of the Coinage Act, 2011, a “Coin” does not include the credit card, debit card, postal order and money issued by any bank, post office or financial institution.
Question : 29
NABARD was established in the
a) Sixth Five Year Plan
b) Fifth Five Year Plan
c) Fourth Five Year Plan
d) Eighth Five Year Plan
Answer »Answer: (a)
It was established on 12 July 1982 in the sixth five-year plan by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non-farm sector.
Question : 30 [BOM-PO 2016]
The Depositor Education and Awareness Fund (DEAF) is maintained with
a) Life Insurance Corporation
b) NABARD
c) Reserve Bank of India
d) State Bank of India
Answer »Answer: (c)
Reserve Bank has established a Fund to be called the Depositor Education and Awareness Fund (DEAF) referred to in Section 26A of the Act.
IMPORTANT indian economy mcq EXERCISES
Banking, Security Market & Insurance Shortcuts »
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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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