MCQs
Total Questions : 131
| Page 6 of 14 pages
Answer: Option A. -> 1st July
Answer: (a)
1 st July is celebrated as the establishment date of the State Bank of India. On 1 July 1955, the Imperial Bank of India became the State Bank of India.
SBI is a multinational banking and financial services company based in India. It is a government-owned corporation with its headquarters in Mumbai.
SBI : Indian Multinational public sector banking and financial services company.
Chairperson : Rajnish Kumar.
Answer: (a)
1 st July is celebrated as the establishment date of the State Bank of India. On 1 July 1955, the Imperial Bank of India became the State Bank of India.
SBI is a multinational banking and financial services company based in India. It is a government-owned corporation with its headquarters in Mumbai.
SBI : Indian Multinational public sector banking and financial services company.
Chairperson : Rajnish Kumar.
Answer: Option A. -> All State Government employees joining the services after the date of notification by the respective State Governments
Answer: (a)
Any Indian between 18 to 55 can join NPS. So “B” is wrong.
NRIs are allowed to open NPS account as per PFRDA norms. So “C” is wrong.
NPS was compulsory for new central govt recruits (except armed forces) WEF 1/1/2004. so “D” is wrong.
Answer: (a)
Any Indian between 18 to 55 can join NPS. So “B” is wrong.
NRIs are allowed to open NPS account as per PFRDA norms. So “C” is wrong.
NPS was compulsory for new central govt recruits (except armed forces) WEF 1/1/2004. so “D” is wrong.
Answer: Option B. -> Insurance
Answer: (b)The word ‘Actuaries’ is related to the profession of insurance. The determination of the accidents covered by Insurance policy and of the premium is done by actuaries.
Answer: (b)The word ‘Actuaries’ is related to the profession of insurance. The determination of the accidents covered by Insurance policy and of the premium is done by actuaries.
Question 54. Consider the following statements in regard to ‘Marginal Standing Facility (MSF)’ of RBI :
Which of the statements given above is/are correct?
- It will help in reducing volatility in the overnight lending rates in the inter-bank market.
- The borrowing under the MSF should be over and above the statutory liquidity requirement.
Which of the statements given above is/are correct?
Answer: Option C. -> 1 only
Answer: (c)
Marginal Standing Facility (MSF) is the rate at which scheduled banks could borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities.
Banks can borrow funds through MSF during acute cash shortages (considerable shortfall of liquidity).
This measure has been introduced by RBI to regulate short-term asset-liability mismatch more effectively and the borrowing is within Statutory liquidity requirements.
The Marginal Standing Facility (MSF) is pegged 100bps or 1 % above the Repo Rate.
Answer: (c)
Marginal Standing Facility (MSF) is the rate at which scheduled banks could borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities.
Banks can borrow funds through MSF during acute cash shortages (considerable shortfall of liquidity).
This measure has been introduced by RBI to regulate short-term asset-liability mismatch more effectively and the borrowing is within Statutory liquidity requirements.
The Marginal Standing Facility (MSF) is pegged 100bps or 1 % above the Repo Rate.
Answer: Option A. -> 1957
Answer: (a)India switched over to decimal currency in 1957 with the amendment of the Indian Coinage Act. The rupee remained unchanged in value and nomenclature. It, however, was now divided into 100 ‘Paisa’ instead of 16 Annas.
Answer: (a)India switched over to decimal currency in 1957 with the amendment of the Indian Coinage Act. The rupee remained unchanged in value and nomenclature. It, however, was now divided into 100 ‘Paisa’ instead of 16 Annas.
Answer: Option B. -> Creditors
Answer: (b)
Answer: (b)
Answer: Option D. -> April 2000
Answer: (d)
Answer: (d)
Answer: Option B. -> Insurance industry
Answer: (b)A Third Party Administrator (TPA) is an Insurance Regulatory Development Authority (IRDA) registered company or an organization that processes insurance claims on behalf of insurance companies.
Answer: (b)A Third Party Administrator (TPA) is an Insurance Regulatory Development Authority (IRDA) registered company or an organization that processes insurance claims on behalf of insurance companies.
Answer: Option A. -> 72 %
Answer: (a)72% was British investment in India, when RBI first census of India’s foreign Assets & Liabilites as on 30 June 1948 revealed total business investment of Rs.302 crore.
Answer: (a)72% was British investment in India, when RBI first census of India’s foreign Assets & Liabilites as on 30 June 1948 revealed total business investment of Rs.302 crore.
Answer: Option D. -> SEBI
Answer: (d)
Answer: (d)
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