banking, security market & insurance section 3 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 6

If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits

a) will neither increase nor decrease

b) will increase

c) will decrease

d) None of the above

Question : 7

Which of the following will not be the part of ‘financial inclusion’?

1. Opening educational centres
2. Opening wealth management centres by citibank.
3. Eradication of poverty.
4. Report of Khan commission on financial inclusion.

a) 1, 3 and 4 only

b) 1, 2 and 4 only

c) 1, 2 and 3 only

d) 1, 2, 3 and 4

Question : 8 [BOM-PO 2016]

According to extant RBI guidelines, ‘Payment Banks’ are not permitted to

a) distribute mutual fund/insurance/pension products

b) accept remittances to be sent to multiple banks

c) set up branches or ATMs

d) set up subsidiaries to undertake NBFC activities

Question : 9 [UP-PCS 2010]

Open - market operations of Reserve Bank of India refer to

a) transaction in gold

b) auctioning of Foreign Exchange

c) trading in securities

d) none of the above

Question : 10 [UPPCS (Pre) 1997]

India Brand Equity Fund was established in

a) 1997

b) 1995

c) 1996

d) 1992