Match the following.
List-I List-II
a. RBI nationalisation
1. 1964
b. Imperial bank nationalisation
2. 1949
c. Nationalisation of 14 commercial banks
3. 1955
d. Establishment of lDBI
4. 1969
A. a-1, b-2, c-3, d-4
B. a-2, b-3, c-1, d-4
C. a-3, b-2, c-4, d-1
D. a-2, b-3, c-4, d-1
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Head Quarters of IMF is situated in . . . . . . . .
A. Geneva
B. Paris
C. Manila
D. Washington D.C.
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Identify the correct combination of statements with regard to banking in India.
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 2 and 4
D. 1, 2, 3 and 4
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Select the correct statements:
A. 2 only
B. 1 and 3
C. 2 and 3
D. None of the above
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Which one of the following statement is incorrect?
A. Only 14 banks were nationalised in the first stage of nationalisation of commercial banks
B. The second dose of nationalisation came in April 1980, when banks were nationalised
C. RBI started its operation with a paid-up capital on Rs. 5 crore
D. Safe deposit vaults are made available by bank only to fixed deposit account holders
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Which of the following is not true about Unified Payments Interface (UPI)?
A. UPI is an instant payment system developed by the National Payments Corporation of India (NPCI)
B. Through UPI, all payments are instant and takes place in banking hours
C. Under UPI person will have a single identity and password for using multiple bank accounts
D. UPI is based on the Immediate Payment Services (IMPS) infrastructure
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The risk manager maybe able to identify the new ventures involved in:
A. pure risk
B. group risk
C. speculative risk
D. particular risk
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A person or company that underwrites an insurance risk or the party in an insurance contract undertaking to pay compensation is known as
A. insured
B. insurer
C. assured
D. insurant
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The installation of heat or smoke activated sprinkler systems that are designed to minimize fire damage in the outbreak of a fire is an example of:
A. Loss prevention
B. Loss reduction
C. Hedging
D. Insurance
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For the discharge of its functions efficiently, SEBI has been vested with which of the following powers?
A. Inspect the books of accounts and call for periodical returns from recognized stock exchanges
B. Inspect the book of accounts of financial intermediaries
C. Compel certain companies to list their shares in one or more stock exchanges
D. All of the above
Select an option to see the answer and solution.
Match the following.
List-I List-II
a. Urjit Patel Committee
1. Restructuring of IDBI
b. Athreya Committee
2. To Examine the Current Monetary Framework
c. Amitabh Chaudhry Committee
3. Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households
d. Nachiket Mor Committee
4. To analyze the existing framework of IRDA-Linked and Non-Linked Insurance Product Regulations
A. a-1, b-3, c-2, d-4
B. a-2, b-3, c-4, d-1
C. a-1, b-2, c-3, d-4
D. a-2, b-1, c-4, d-3
Select an option to see the answer and solution.
Net National Product is equivalent to:
A. Gross Domestic Product minus Depreciation
B. Gross National Product minus Indirect Taxes
C. Net National Income minus Depreciation
D. Gross National Product minus Depreciation
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To determine the premiums required; actuaries apply the principle derived from:
A. the law of averages and the theory of probability
B. underwriting
C. rating
D. the size of the sample
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Which of the following is not correctly matched?
A. Gold Currency Standard ⇔ Free coinage
B. Gold Bullion Standard ⇔ Circulation of Gold Coin
C. Gold Reserve ⇔ Restriction on Standard Import-Export of Gold
D. Gold Parity Standard ⇔ Flexibility in Exchange Rate
Select an option to see the answer and solution.
Pillar-II of RBI's new capital adequacy framework (Basel-II guidelines) prescribes that
A. banks are required to adhere to market discipline by furnishing a set of disclosure requirements, which will enable market participants to assess key pieces of information on the scope of application, capital, risk exposure and risk assessment processes and hence, the capital adequacy of the institution
B. banks will come under supervisory review process of RBI in regard to efficacy of their risk management system and will have to adhere to "Internal capital adequacy assessment process" to capture risks such as liquidity risks, reputational risks etc. Other than those prescribed under Pillar-I to convince RBI that adequate capital is maintained for various risks they are exposed to
C. banks are required to maintain minimum 9% capital adequacy for credit risk, market risk and operational risk
D. None of the above
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Monetary policy is prepared and declared by . . . . . . . .
A. Govt. of India
B. RBI
C. State Govt.
D. SBI
Select an option to see the answer and solution.
The chief promoter of 'Clearing Corporation' is
A. SBI
B. RBI
C. Financial Ministry
D. None of these
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In India, mergers and acquisition of firms are regulated by:
A. National Manufacturing Competitiveness Council
B. Competition Commission of India
C. Security and Exchange Board of India
D. Department of Industrial Policy and Promotion
Select an option to see the answer and solution.
When the insurance paper is not depositon time, then it is known as
A. underinsurance paper
B. timeless insurance
C. max insurance paper
D. All of these
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Arrange the following banks in order, in which they were established.
A. 2, 1, 3, 4
B. 2, 1, 4, 3
C. 1, 2, 3, 4
D. 1, 2, 4, 3
Select an option to see the answer and solution.
