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

Question : 21 [BOM-PO 2016]

The ‘Indian Bank’ is an Indian state-owned financial service company Headquartered in

a) Chennai

b) Mumbai

c) Bengaluru

d) Kolkata

Answer: (a)

Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India.

Question : 22

In India ‘Report on Currency and Finance’ is the annual publication of

a) Finance Commission

b) RBI

c) SEBI

d) Finance Ministry

Answer: (b)

In India, ‘Report on Currency and Finance’ is the annual publication of the Reserve Bank of India.

The report highlights the evaluation or devaluation of the Rupee as a currency along with its other aspects and projects the financial condition of the economy.

SEBI: Regulator for the security market in India. Headquarters (Mumbai)

Finance commission: formed to define the financial relationship between the centre and state.

Headquarters: New Delhi Finance

Ministry: An important ministry their the Govt. of India concerned with the economy of India.

Question : 23 [UBI-PO 2016]

Who appoints a banking ombudsman?

a) Reserve Bank of India

b) Governor of respective state

c) Lead Bank of the State

d) President of India

Answer: (a)

The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services.

Question : 24 [UPPCS (Pre) 2008]

The Word ‘Actuaries’ is related to

a) None of the above

b) Insurance

c) Share Market

d) Banking

Answer: (b)

Question : 25 [UPPCS (Mains) 2008]

Which is credit rating agency in India?

a) All of these

b) CARE

c) ICRA

d) CRISIL

Answer: (a)

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