banking, security market & insurance section 4 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 : 6
Devaluation of currency leads to
a) expansion of import substituting
b) contraction of import trade
c) expansion of export trade
d) all of the above
Answer »Answer: (d)
Devaluation leads to a country’s exports becoming less expensive as the currency is deliberately adjusted down to other currencies, making imports more expensive, making domestic consumers less likely to purchase them thus the domestic companies are encouraged to substitute imports.
Question : 7 [UBI-PO 2016]
Which of the following company is the sole reinsurance company in India?
a) National Insurance Company
b) ICICI Prudential Life Insurance Company
c) Life Insurance Corporation of India
d) General Insurance Corporation
Answer »Answer: (d)
GIC of India (GIC) is the sole reinsurance company in the Indian insurance market with over four decades of experience.
Question : 8
In the context of Indian economy, open market operations to :
- borrowing by scheduled banks from RBI
- lending by commercial banks to industry and trade
- purchase and sale of government securities by the RBI
- None of the above
a) 4 and 1 only
b) 3 only
c) 1 and 2 only
d) 2 and 3 only
Answer »Answer: (b)
Open market operation: When RBI buys/sells securities in open market, in case of OMO, first party permanently sells the Government security to second party. Second party is free to do whatever it wants with that security.
Question : 10
How many seats of Deputy Governor are there in Reserve Bank of India?
a) 3 only
b) 2 only
c) 1 only
d) 4 only
Answer »Answer: (d)
The general superintendence and direction of the RBI are entrusted with the 21-member- Central Board of Directors—the Governor (currently Dr Urjit R. Patel), four Deputy Governors, two Finance Ministry representatives, ten government-nominated directors to represent important elements from India’s economy, and four directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and New Delhi.
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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