Banking And Financial Institutions - Study Mode

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[#531] Consider the following statements. 1. UTI is established by an Act of Parliament in 1964. So, UTI does not come under the SEBI regulations for mutual funds. 2. Mutual fund organisations can invest their mobilised funds abroad. Which of the statement(s) given above is/are correct?

(A) Only 1

(B) Only 2

(C) Both 1 and 2

(D) Neither 1 nor 2

Correct Answer

(D) Neither 1 nor 2

[#532] Insurance company transfers the risk insured to another company. This is known as

(A) Reinsurance

(B) TPAs

(C) Bancassurance

(D) Actuaries

Correct Answer

(A) Reinsurance

[#533] NABARD has taken over the entire functions of

(A) ARDC

(B) ACD of RBI

(C) RPCD of RBI

(D) All of the above

Correct Answer

(D) All of the above

[#534] In India, NIFTY and SENSEX are calculated on the basis of

(A) Market capitalization

(B) Paid up capital

(C) Free-float market capitalization

(D) Authorized share capital

Correct Answer

(C) Free-float market capitalization

[#535] Which among the following is not a subsidiary of RBI? 1. Deposit Insurance and Credit Guarantee Corporation of India. 2. Bharatiya Reserve Bank Note Mudran Private Limited.

(A) Only 1

(B) Only 2

(C) Both 1 and 2

(D) Neither 1 nor 2

Correct Answer

(D) Neither 1 nor 2