To promote digital transactions, Life Insurance Corporation waive off the convenience fee on all payments to the national insurer, effective from which date?
A. 1st December 2019
B. 31st December 2019
C. 1st March 2020
D. 1st April 2020
Select an option to see the answer and solution.
Who works as RBI's agent at places where it has no office of its own?
A. State Bank of India
B. Ministry of Finance
C. Government of India
D. International Monetary Fund
Select an option to see the answer and solution.
Interest rate futures trading in India is available on
A. 91 days, T-bills
B. 10 years, National Government of India Security
C. Both A and B
D. None of the above
Select an option to see the answer and solution.
Any country consistently facing balance of payment deficiency can approach:
A. The World Bank
B. The Smithsonian Institute
C. IMF
D. The IMF and the IBRD
Select an option to see the answer and solution.
When RBI grants loan to commercial banks and charges interest on it, it is called:
A. Repo rate
B. Reverse Repo rate
C. Marginal Standing Facility
D. Bank rate
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SIDBI was set up as a subsidiary of IDBI to for which of the following object.
A. Take over the functions of small business financing of IDBI
B. Take over the venture capital operations of ICICI
C. Reconstruct and rehabilitate the sick and closed industrial units financed by IDBI
D. Facilitate, finance and promote India's foreign trade
Select an option to see the answer and solution.
Consider the following statements.
1. Foreign institutional investors have been allowed to invest in mutual funds.
2. The main objective of SEBI is to protect the investors.
3. Private placement is the route, through which promoter's contribution is mobilised by a public company.
4. RBI lays down the guidelines governing the capital market operation.
Which of the statement(s) given above is/are correct?
A. Both 1 and 2
B. 2, 3 and 4
C. 1, 2 and 3
D. 1, 3 and 4
Select an option to see the answer and solution.
Computerisation in banks was started mainly on the recommendation of . . . . . . . . Committee.
A. Narasimhan
B. Chore
C. Rangarajan
D. Tandon
Select an option to see the answer and solution.
Which of the following is known as the 'Third Pillar of Basel II' accord?
A. Minimum capital requirement
B. Supervisory review process
C. Standard approach
D. Market discipline
Select an option to see the answer and solution.
Which of the following characterises the early stage financial crises?
A. Falling the price of residential properties
B. Excessive euphoria about the future price of certain assets
C. Excessive pessimism about future assets price
D. Stragnating share price
Select an option to see the answer and solution.
The Base Rate system has replaced BPLR with effect from:
A. 1st May 2010
B. 1st June 2010
C. 1st July 2010
D. 1st August 2010
Select an option to see the answer and solution.
Which among the following in India can use 'Repo Bonds' to raise Short-term money from markets?
1. Commercial Bank
2. Regional Bank
3. Corporate
4. Governments
Select the above correct statements.
A. Only 3
B. Only 1
C. 1 and 3
D. 2 and 4
Select an option to see the answer and solution.
What is true about "White Card":
A. It is related to companies producing milk products
B. It does not carry on its face, the brand of the issuer
C. It is meant to convert black money into the economy
D. None of the above
Select an option to see the answer and solution.
Financial markets can be classified in the following way/s
A. Primary and secondary markets
B. Organized or formal markets, and unorganized or informal markets
C. Financial markets can also be classified as money markets (for short-term funds), and capital markets (for long run funds)
D. All of the above
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What do we call the banks that undertakes commercial banking, investment banking, mutual funds and merchant banking?
A. Shadow Banking
B. Universal Banking
C. Unit Banking
D. Narrow Banking
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The Central Government has powers to supersede the SEBI, if it is of the opinion that
A. the members of the SEBI make an application to the Central Government to do so
B. the SEBI is unable to discharge its functions and duties imposed on it under the provisions of the SEBI Act, 1992 or it is necessary to do so in the public interest
C. the SEBI on its own makes an application to the Central Government to do so
D. the SEBI does not have the required number of members for performing the functions entrusted to it
Select an option to see the answer and solution.
Match the following items of
List-I with the items of
List-II .
List-I
List-II
a. IFCI
1. 1981
b. SIDBI
2. 1982
c. NABARD
3. 1948
d. EXIM Bank
4. 1990
A. a-3, b-1, c-2, d-4
B. a-4, b-2, c-3, d-1
C. a-4, b-3, c-2, d-1
D. a-3, b-4, c-2, d-1
Select an option to see the answer and solution.
Which of the following terms is used to describe the distribution of insurance products and insurance policies by banks as corporate agents?
A. Two public sector banks and one general insurance company will be privatised
B. Initial Public Offering of Life Insurance Corporation will be implemented in the financial year 2021-22 as a mega IPO
C. Increase in PDI limits from 49 percent to 74 percent to help insurance companies to raise additional funds
D. All of the above
Select an option to see the answer and solution.
Which one of the following statement is incorrect?
A. Till 1942, RBI was the currency issuing authority of Burma (now Myanmar)
B. National Housing Bank (NHB) is the fully owned subsidiary of RBI
C. RBI is the king pin of the Indian gold market
D. RBI can provide any direct financial assistance to any industry, trade or business
Select an option to see the answer and solution.
Non-Banking Financial Companies can be classified as:
1. Asset Finance Company (AFC)
2. Investment Company (IC)
3. Loan Company
4. Foreign Trade Company (FTC)
Choose the correct answer from the options given below:
A. 1, 2 and 3 only
B. 2, 3 and 4 only
C. 1, 3 and 4 only
D. 1, 2 and 4 only
Select an option to see the answer and solution.