MCQs
Total Questions : 131
| Page 10 of 14 pages
Answer: Option A. -> Debenture of a company
Answer: (a)
Answer: (a)
Answer: Option B. -> ICICI Bank
Answer: (b)ICICI Bank has tied up with railway’s e-ticketing platform IRCTC to sell rail tickets through its website.
Answer: (b)ICICI Bank has tied up with railway’s e-ticketing platform IRCTC to sell rail tickets through its website.
Answer: Option C. -> Postal order or ‘p-money’ issued by any bank or post office
Answer: (c)
According to Section 2 of the Coinage Act, 2011, a “Coin” does not include the credit card, debit card, postal order and money issued by any bank, post office or financial institution.
Answer: (c)
According to Section 2 of the Coinage Act, 2011, a “Coin” does not include the credit card, debit card, postal order and money issued by any bank, post office or financial institution.
Answer: Option D. -> ICICI Bank
Answer: (d)ICICI, the first Indian bank has launched “Smart Vault” a fully automated locker facility using robotic technology to access lockers (available 24x7, including weekends and after banking hours.) from state vault.
Answer: (d)ICICI, the first Indian bank has launched “Smart Vault” a fully automated locker facility using robotic technology to access lockers (available 24x7, including weekends and after banking hours.) from state vault.
Answer: Option C. -> Reserve Bank of India
Answer: (c)Reserve Bank has established a Fund to be called the Depositor Education and Awareness Fund (DEAF) referred to in Section 26A of the Act.
Answer: (c)Reserve Bank has established a Fund to be called the Depositor Education and Awareness Fund (DEAF) referred to in Section 26A of the Act.
Answer: Option A. -> Sixth Five Year Plan
Answer: (a)
It was established on 12 July 1982 in the sixth five-year plan by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non-farm sector.
Answer: (a)
It was established on 12 July 1982 in the sixth five-year plan by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non-farm sector.
Question 97. Consider the following statements in regard to devaluation and depreciation of a currency:
Which of the statements given above is/are correct?
- Devaluation is an activity conducted by central government whereas depreciation happens due to market forces.
- In both the devaluation and depreciation currency loses value against other currencies in a floating currency exchange market.
Which of the statements given above is/are correct?
Answer: Option C. -> 1 only
Answer: (c)
Devaluation happens in countries with a fixed exchange rate. In a fixed-rate economy, the government decides what its currency should be worth compared with that of other countries.
The exchange rate can change only when the government decides to change it. If a government decides to make its currency less valuable, the change is called devaluation. Depreciation happens in countries with a floating exchange rate.
A floating exchange rate means that the global investment market determines the value of a country’s currency.
Answer: (c)
Devaluation happens in countries with a fixed exchange rate. In a fixed-rate economy, the government decides what its currency should be worth compared with that of other countries.
The exchange rate can change only when the government decides to change it. If a government decides to make its currency less valuable, the change is called devaluation. Depreciation happens in countries with a floating exchange rate.
A floating exchange rate means that the global investment market determines the value of a country’s currency.
Answer: Option A. -> loans in which interest or principal amount is not recovered.
Answer: (a)According to Indian Reserve Bank. Non performing assets in commercial bank means the loans in which interest or principal amount is not recovered.
Answer: (a)According to Indian Reserve Bank. Non performing assets in commercial bank means the loans in which interest or principal amount is not recovered.
Answer: Option D. -> Neither 1 nor 2
Answer: (d)Currency notes and coins are called fiat money. They don’t have intrinsic value like a gold or silver coin. The currency-deposit ratio measures the relationship between the cash people have on hand and what they have in their accounts.
Answer: (d)Currency notes and coins are called fiat money. They don’t have intrinsic value like a gold or silver coin. The currency-deposit ratio measures the relationship between the cash people have on hand and what they have in their accounts.
Answer: Option C. -> Bank branch
Answer: (c)The IFSC is an 11-character code with the first four alphabetic characters representing the bank name, and the last six characters (usually numeric, but can be alphabetic) representing the branch.
Answer: (c)The IFSC is an 11-character code with the first four alphabetic characters representing the bank name, and the last six characters (usually numeric, but can be alphabetic) representing the branch.
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