Banking And Financial Institutions - Study Mode

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[#541] Out of the following, which are the schemes of Social Security? (i) Provident Fund Scheme (ii) Health Insurance Scheme (iii) Job Guarantee Scheme (iv) Maternity Benefit Scheme (v) Merit Promotion Scheme (vi) Compulsory and Voluntary Social Insurance Scheme (vii) Child Insurance Scheme

(A) (i), (ii), (iv) and (vi)

(B) (ii), (i), (v) and (vii)

(C) (iii), (v), (iv) and (vi)

(D) (iv), (vii), (iii) and (ii)

Correct Answer

(A) (i), (ii), (iv) and (vi)

[#542] Which of the following statement/s is/are correct in context of Nachiket Mor Committee? 1. Universal Electronic Bank Account 2. Ubiquitous Access to Payment Services and Deposit Products at Reasonable Charges 3. Sufficient Access to Affordable Formal Credit 4. Universal Access to a Range of Deposit and Investment Products at Reasonable Charges 5. Universal Access to a Range of Insurance and Risk Management Products at Reasonable Charges 6. Right to Suitability

(A) 1, 2 and 4

(B) 2, 3 and 5

(C) 3, 4, 5 and 6

(D) 1, 2, 3, 4, 5 and 6

Correct Answer

(D) 1, 2, 3, 4, 5 and 6

[#543] IRDA has the power to frame the regulations under of the Insurance Act, 1938.

(A) Section 114(B)

(B) Section 112(B)

(C) Section 118(C)

(D) None of these

Correct Answer

(A) Section 114(B)

[#544] Credit risk is defined as

(A) probability of default by the counter party

(B) probability of worsening of credit quality of a borrowal account

(C) Either A or B

(D) Both A and B

Correct Answer

(C) Either A or B

[#545] Which of the following activity is not permissible for NBFCs?

(A) Loans and advances

(B) Acquisition of shares

(C) Insurance business

(D) Construction of immovable property

Correct Answer

(D) Construction of immovable property