banking, security market & insurance section 5 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 1 [RBI 2017]

‘MobiKwik’ is the name of a

a) White Label ATM entity

b) Online shopping portal

c) Mobile wallet and online payment system

d) Brown Label ATM entity

Answer: (c)

MobiKwik is an Indian company founded in 2009 that provides a mobile phone based payment system and digital wallet.

Question : 2 [IDBI 2016- 2017]

The Indian Coins are minted at the four Indian Government Mints, which of the following is ‘not’ one of them?

a) India Government Mint, Noida (Uttar Pradesh)

b) India Government Mint, Hyderabad (Telangana)

c) India Government Mint, Nasik (Maharashtra)

d) India Government Mint, Kolkata (West Bengal)

Answer: (c)

The Government of India has the sole right to mint coins.

Coins are minted at the four India Government Mints at

  1. Mumbai, Alipore(Kolkata),
  2. Saifabad(Hyderabad),
  3. Cherlapally (Hyderabad) and
  4. Noida (UP).

Question : 3 [RBI 2016]

SMERA Limited, a popular body in the financial world, is a full service

a) Credit Information Bureau

b) Asset Management Company

c) Asset Financing Company

d) Credit Rating Agency

Answer: (d)

SMERA Ratings Limited is a full service Credit Rating Agency, registered with SEBI, and accredited by RBI as an External Credit Assessment Institution, for Bank Loan Ratings under BASEL-II norms.

Question : 4 [CDS-2013-II]

The value of money varies

a) directly with the volume of employment

b) directly with the price level

c) directly with the, interest rate

d) inversely with the price level

Answer: (d)

The variation in the value of money is always accompanied by the opposite variation in the price of commodities and services.

In brief, the value of money varies inversely with the price level. It is reciprocal of the price level.

Vm =1/p

(where Vm denotes the value of money and p stands for price level).

Question : 5 [RBI 2016]

The microfinance institutions (MFI) registered as Non-Banking Finance Companies (NBFC) are presently regulated by

a) MUDRA (SIDBI) Bank

b) Reserve Bank of India

c) SEBI

d) NABARD

Answer: (b)

Microfinance Institutions (MFIs) regulated by the Reserve Bank of India (RBI).

IMPORTANT indian economy mcq EXERCISES

Banking, Security Market & Insurance Shortcuts »

Click to Read...

banking, security market & insurance section 5 Online Quiz

Click to Start..
1297 banking security market insurance MCQ section 5 question answer with explanation pdf

Recently Added Subject & Categories For All Competitive Exams

SSC STENO: Time & Work Questions Solved Problems with PDF

Free Time and work Aptitude-based Practice multiple questions with solutions, Quiz series, Mock Test & Downloadable PDF for SSC Steno (Grade C & D) 2024 Exam

27-Apr-2024 by Careericons

Continue Reading »

SSC STENO 2024: Free Reading Comprehension MCQ Test PDF

Top Reading Comprehension English Section-wise multiple choice questions and answers, Full Mock Test Series & Online Quiz for SSC Steno Grade C & D 2024 Exam

26-Apr-2024 by Careericons

Continue Reading »

Free Percentage Questions Answers for SSC STENO 2024 Exam

Important Top Percentage Aptitude-based multiple choice questions and answers practice quiz series, Online Mock Test PDF for SSC Steno Grade C & D 2024 Exam

25-Apr-2024 by Careericons

Continue Reading »

Free Antonyms (English) MCQ Test for SSC STENO 2024 Exam

Top Antonyms General English Section-based multiple choice questions and answers, Free Full Test Series & Online Quiz PDF for SSC Steno Grade C & D 2024 Exam

24-Apr-2024 by Careericons

Continue Reading »