banking, security market & insurance section 4 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 16

Consider the following sentences regarding ‘India Post Payment bank’

  1. It is third entities that get approval from Reserve Bank of India.
  2. It can accept deposits up to 3 lakh per account from individuals.
Which of the above sentence(s) is/are true?

a) 1 and 2

b) Only 2

c) Only 1

d) None of the above

Answer: (c)

India Post Payments Bank is the third entity to receive payments bank permit after Airtel and Paytm.

Question : 17 [UPPCS (Mains) 2004]

Which one of the following is related to the regulation of stock exchange operations?

a) Stock holding corporation of India

b) SEBI

c) SIDBI

d) SAIL

Answer: (b)

Question : 18 [UGC-2016]

With reference to Asian Development Bank, consider the following statements

  1. The United States has the largest proportion of shares in the voting system.
  2. China and India have the same percentage of shares for the voting system.
Which of the statement(s) given above is/are correct?

a) Both I and II

b) Only II

c) Only I

d) Neither I nor II

Answer: (d)

Largest Shareholdings

  1. Japan (15.6%)
  2. US (15.5%)
  3. China (6.5%)
  4. India (6.3%)

Question : 19 [IDBI 2016- 2017]

The Indian Life Insurance Company ‘Aviva India’ is a joint venture between Aviva pic, a British insurance Company and the Indian conglomerate

a) Dabur Group

b) L and T Group

c) Tata Group

d) TVS Group

Answer: (a)

Aviva India is an Indian life assurance company, and a joint venture between Aviva plc, a British assurance company, and Dabur Group, an Indian conglomerate.

Question : 20 [BOM-PO 2016]

The share of the concerned State Government in the capital of Regional Rural Banks is

a) 20 per cent

b) 35 per cent

c) 15 per cent

d) 50 per cent

Answer: (c)

In the regional rural banks, 50% share shall be held by the central government, 15% by the concerned state government and 35% by the sponsor bank.

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