Banking Security Market and Insurances – Indian Economy GK MCQ ( बैंकिंग सुरक्षा बाजार और बीमा )
Explore a comprehensive collection of Multiple Choice Questions (MCQs) on taxes types, methods, and the budgeting process in geography. This MCQs page features questions sourced from previous year papers of various competitive exams, including UPSC IAS. Test your knowledge, improve exam preparation, and stay updated with key concepts in geography and economics.
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Banking Security Market and Insurances – Indian Economy GK MCQ – Previous Year Questions
Question:
In the context of Indian economy; which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’?
To enable the Central Bank to control the amount of advances the banks can create
To make the people’s deposits with banks safe and liquid
To prevent the commercial banks from making excessive profits
To force the banks to have sufficient vault cash to meet their day-to-day requirements
Select the correct answer using the code given below.
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Question:
What is the purpose of setting up Small Finance Banks (SFBs) in India?
To supply credit to small business units
To supply credit to small and marginal farmers
To encourage young entrepreneurs to set up businesses particularly in rural areas.
Select the correct answer using the code given below:
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Question:
Which of the following is a most likely consequence of implementing the ‘Unified Payments Interface (UPI)’?
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Question:
Which of the following statements is/are correct in regard to ‘microfinance’?
Micro-credit extended by banks to individual is reckoned as a part of their priority sector lending.
RBI has prescribed a particular model the banks to provide microfinance.
Choose the correct answer using the codes given below:
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Question:
Which of the following grants/grant direct credit assistance to rural households ?
Regional Rural Banks
National Bank for Agriculture and Rural Development
Land Development Banks
Select the correct answer using the codes given below :
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Question:
Who among the following can join the National Pension System (NPS)?
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Question:
Consider the following statements in regard to ‘Marginal Standing Facility (MSF)’ of RBI :
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?
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D
Question:
In which of the following years India switched over to decimal currencies?
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Question:
The word “Actuaries” is related to
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Question:
Debenture holders of a company are the
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Question:
The Insurance Regulatory and Development Authority was set up in India on
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Question:
A third-party administrator (TPA) is an organisation associated with the claim settlement process in the
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Question:
RBI’s first census of India’s foreign Assets & Liability as on 30 June 1948 revealed total foreign business investments of Rs. 302 cr, out of it what was the % of British investments in India?
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Question:
A currency which either has a missing portion or is composed of more than two pieces is categorized as a
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Question:
Which among the following agency regulates the Mutual Funds in India?
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Question:
In India, which of the following has the highest share in the disbursement of credit to agriculture and allied activities?
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Question:
Consider the following statements :
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?
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Question:
The ‘Currency Chests’ are store-houses where bank notes and rupee coins are clocked on behalf of
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Question:
Consider the following statement in regard to reserve currency :
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
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Question:
The most volatile part of the Organised Money Market in India is
