MCQs
Total Questions : 131
| Page 2 of 14 pages
Answer: Option D. -> FERA
Answer: (d)
CTS: Cheque Truncation System Cheque,
MICR: Magnetic Ink Character Recognition,
IFSC: Indian Financial System Code
FERA: Foreign Exchange Regulation Act.
Answer: (d)
CTS: Cheque Truncation System Cheque,
MICR: Magnetic Ink Character Recognition,
IFSC: Indian Financial System Code
FERA: Foreign Exchange Regulation Act.
Answer: Option B. -> Monetary policy
Answer: (b)A central bank uses OMO as the primary means of implementing monetary policy.
Answer: (b)A central bank uses OMO as the primary means of implementing monetary policy.
Answer: Option D. -> 1, 2, 4, 3
Answer: (d)
Answer: (d)
Answer: Option A. -> State Bank of India
Answer: (a)State Bank of India became the first public sector lender to launch wealth management service, a space dominated by private and foreign players, to cater to fast-growing affluent segment of the country.
Answer: (a)State Bank of India became the first public sector lender to launch wealth management service, a space dominated by private and foreign players, to cater to fast-growing affluent segment of the country.
Answer: Option B. -> 1991
Answer: (b)
In 1991, India faced a serious balance of payment crisis and was forced to sharply devalue its currency. The country was in the grip of high inflation, low growth and the foreign reserves were not even worth meeting three weeks of imports.
Under these situations, the currency was devalued to 17.90 against the dollar. In July of 1991, the Indian Government devalued the rupees by between 18 and 19%. The Government also changed its trade policy higher restrictive to a system of tradable EXIM SCRIPS.
Answer: (b)
In 1991, India faced a serious balance of payment crisis and was forced to sharply devalue its currency. The country was in the grip of high inflation, low growth and the foreign reserves were not even worth meeting three weeks of imports.
Under these situations, the currency was devalued to 17.90 against the dollar. In July of 1991, the Indian Government devalued the rupees by between 18 and 19%. The Government also changed its trade policy higher restrictive to a system of tradable EXIM SCRIPS.
Answer: Option A. -> Both 1 and 2
Answer: (a)
National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India.
It was established on 12 July 1982 in the sixth five-year plan and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture and rural non-farm sector and laying down policies and to oversee the operations of the RRBs.
Moreover, Regional Rural Banks grant direct loans and advances to marginal farmers and rural artisans. So both statements are correct.
Answer: (a)
National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India.
It was established on 12 July 1982 in the sixth five-year plan and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture and rural non-farm sector and laying down policies and to oversee the operations of the RRBs.
Moreover, Regional Rural Banks grant direct loans and advances to marginal farmers and rural artisans. So both statements are correct.
Answer: Option D. -> SIDBI
Answer: (d)The Mudra Bank is subsidiary of Small industrial development bank of India (SIDBI).
Answer: (d)The Mudra Bank is subsidiary of Small industrial development bank of India (SIDBI).
Answer: Option D. -> Debenture of a Company
Answer: (d)A debenture is a type of debt instrument that is not secured by physical assets or collateral. Both corporations and governments frequently issue this type of bond to secure capital.
Answer: (d)A debenture is a type of debt instrument that is not secured by physical assets or collateral. Both corporations and governments frequently issue this type of bond to secure capital.
Answer: Option D. -> None of these
Answer: (d)These all provide finance under various schemes run by central government and state governments to purchase seeds, fertilizer, pesticides etc.
Answer: (d)These all provide finance under various schemes run by central government and state governments to purchase seeds, fertilizer, pesticides etc.
Answer: Option D. -> Individual Banks
Answer: (d)RBI Gives power to Banks to decide saving banks deposit interest rates.
Answer: (d)RBI Gives power to Banks to decide saving banks deposit interest rates.
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