MCQs
Total Questions : 131
| Page 7 of 14 pages
Answer: Option D. -> Mutilated Note
Answer: (d)Mutilated banknote is a banknote, of which a portion is missing or which is composed of more than two pieces.
Answer: (d)Mutilated banknote is a banknote, of which a portion is missing or which is composed of more than two pieces.
Answer: Option C. -> Commercial Banks
Answer: (c)
In India, commercial banks have the highest share in the disbursement of credit to agriculture and allied activities.
The commercial banks disburse around 60% credit followed by cooperative banks around 30%.
Answer: (c)
In India, commercial banks have the highest share in the disbursement of credit to agriculture and allied activities.
The commercial banks disburse around 60% credit followed by cooperative banks around 30%.
Answer: Option D. -> Reserve Bank of India
Answer: (d)
Currency chests are usually located at authorized select branches of scheduled banks.
These currency chests are storehouses of banknotes and rupee coins and are usually established with important branches of Scheduled Commercial Banks.
They do their function on behalf of the Reserve Bank.
Answer: (d)
Currency chests are usually located at authorized select branches of scheduled banks.
These currency chests are storehouses of banknotes and rupee coins and are usually established with important branches of Scheduled Commercial Banks.
They do their function on behalf of the Reserve Bank.
Question 64. Consider the following statements :
Which of the statements given above is/are correct?
- Small Industry Development Bank of India (SIDBI) was set up as a whole owned subsidiary of the RBI.
- SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.
Which of the statements given above is/are correct?
Answer: Option B. -> 2 only
Answer: (b)
Small Industries Development Bank of India is a non-independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises.
It was incorporated initially as a wholly-owned subsidiary of the Industrial Development Bank of India.
SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.
Answer: (b)
Small Industries Development Bank of India is a non-independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises.
It was incorporated initially as a wholly-owned subsidiary of the Industrial Development Bank of India.
SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.
Question 65. Consider the following statement in regard to reserve currency :
Which of the statements given above is/are correct
- Reserve currency acts as the international pricing currency in the global market for commodities like oil and gold.
- The country whose local currency is accepted as reserve currency gets an added advantage in terms of lower commodity rates in the international market.
Which of the statements given above is/are correct
Answer: Option A. -> Both 1 and 2
Answer: (a)
A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves, and that is commonly used in international transactions for commodities like oil and gold.
Persons who live in a country that issues a reserve currency can purchase imports and borrow across borders more cheaply than persons in other nations because they need not exchange their currency to do so.
Answer: (a)
A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves, and that is commonly used in international transactions for commodities like oil and gold.
Persons who live in a country that issues a reserve currency can purchase imports and borrow across borders more cheaply than persons in other nations because they need not exchange their currency to do so.
Answer: Option C. -> Call Money Market
Answer: (c)
Answer: (c)
Answer: Option D. -> all the above
Answer: (d)
Money laundering occurs in three steps:
the first step involves introducing cash into the financial system by some means called placement;
the second involves carrying out complex financial transactions to camouflage the illegal source called layering, and
the final step entails acquiring wealth generated from the transactions of the illicit funds called integration.
Money Laundering - It is the process of transforming the profits of crime and corruption into ostensibly legitimate assets.
Answer: (d)
Money laundering occurs in three steps:
the first step involves introducing cash into the financial system by some means called placement;
the second involves carrying out complex financial transactions to camouflage the illegal source called layering, and
the final step entails acquiring wealth generated from the transactions of the illicit funds called integration.
Money Laundering - It is the process of transforming the profits of crime and corruption into ostensibly legitimate assets.
Answer: Option C. -> IDBI
Answer: (c)
IDBI Bank is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India.
IFCI: (Industrial finance corporation of India): It is an Indian government-owned development bank to cater to the long term financial needs of industrial sectors.
ICICI: It is an Indian multinational banking & financial services company headquartered in Mumbai.
Answer: (c)
IDBI Bank is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India.
IFCI: (Industrial finance corporation of India): It is an Indian government-owned development bank to cater to the long term financial needs of industrial sectors.
ICICI: It is an Indian multinational banking & financial services company headquartered in Mumbai.
Answer: Option C. -> NABARD
Answer: (c)
The Self-Help Group-Bank Linkage Programme (SBLP), which was started as a pilot programme in 1992 on the basis of the recommendation of the S K Kalia Committee.
Commercial banks, co-operative banks and the regional rural banks have been actively participating in the SBLP. NABARD does not implement the SBLP.
Answer: (c)
The Self-Help Group-Bank Linkage Programme (SBLP), which was started as a pilot programme in 1992 on the basis of the recommendation of the S K Kalia Committee.
Commercial banks, co-operative banks and the regional rural banks have been actively participating in the SBLP. NABARD does not implement the SBLP.
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