Banking And Financial Institutions - Study Mode

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[#546] Which of these DFI was primarily set up for the development of the Micro, Small and Medium Enterprise sector?

(A) NABARD

(B) IDBI

(C) SIDBI

(D) IFCI

Correct Answer

(C) SIDBI

[#547] Match the following concepts of List-I with List-II . List-I List-II a. Malhotra Committee 1. To analysis the financial condition of the RRBs in India b. Deepak Mohanty Committee 2. Broad Framework of Insurance Sector c. Sukhmoy Chakravarty Committee 3. A medium-term five-year plan for financial inclusion d. K. C. Chakrabarty Committee 4. Review Working of Monetary System

(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

Correct Answer

(B) a-2, b-3, c-4, d-1

[#548] Which of the following are included under representation functions of a bank? 1. Payment of cheques and bills 2. Providing remittance facilities 3. Underwriting of securities 4. Advancing clean credit 5. Allowing overdrafts on current account 6. Purchase and sale of securities

(A) 1, 2, 3 and 4

(B) 3, 4, 5 and 6

(C) 1, 2, 3 and 6

(D) 2, 3, 5 and 6

Correct Answer

(C) 1, 2, 3 and 6

[#549] Nearness of near money depends on

(A) Legality

(B) Profitability

(C) Validity

(D) Liquidity

Correct Answer

(D) Liquidity

[#550] The political, commercial and natural risks of exporter are covered by:

(A) Export Promotion Council (E.P.C.)

(B) Export Credit and Guarantee Corporation (E.C.G.C.)

(C) Life Insurance Corporation (L.I.C.)

(D) General Insurance Corporation (G.I.C.)

Correct Answer

(B) Export Credit and Guarantee Corporation (E.C.G.C.)