Banking And Financial Institutions - Practice Test

[#661] Reserve Bank of India controls the activities of which of the following banks in India? 1. Commercial banks 2. Cooperative banks 3. Foreign banks 4. Rural banks

(A) 1, 2 and 3

(B) 1, 3 and 4

(C) 2, 3 and 4

(D) All of the above

Correct Answer

(D) All of the above

[#662] Identify the years in which different phases of bank nationalisation took place in India. 1. 1950 2. 1955 3. 1969 4. 1949 5. 1980 Select the correct answer:

(A) 1, 2, 3 and 4

(B) 2, 3 and 5

(C) 2, 4 and 5

(D) 3, 4 and 5

Correct Answer

(B) 2, 3 and 5

[#663] Banks should not grant new loans for purpose of minor irrigation in:

(A) White Block

(B) Grey Block

(C) Dark Block

(D) All of these

Correct Answer

(C) Dark Block

[#664] Which of the following statement is false?

(A) Risk averse people will pay an insurance premium that is greater than the mathematically fair chance of loss in order to relieve themselves of uncertainty

(B) A risk seeker is willing to assume risk

(C) The mathematically fair price for insurance is the objective risk for the insurer multiplied by the maximum possible loss

(D) Insurance is never a mathematically fair trade because the insurer adds several operating and other costs to loss costs when it calculates the premium

Correct Answer

(D) Insurance is never a mathematically fair trade because the insurer adds several operating and other costs to loss costs when it calculates the premium

[#665] Read the following statements and choose the correct answer: Statement I: Small Industry Development Bank of India (SIDBl) was set-up as a wholly owned subsidiary of RBI. Statement II: SIDBI has taken over the responsibility of administering small industry development fund managed by IDBI.

(A) Only I is correct

(B) Only II is correct

(C) Both I and II are correct

(D) Both I and II are incorrect

Correct Answer

(B) Only II is correct

Banking And Financial Institutions - Study Mode

[#661] Reserve Bank of India controls the activities of which of the following banks in India? 1. Commercial banks 2. Cooperative banks 3. Foreign banks 4. Rural banks

Correct Answer

[#662] Identify the years in which different phases of bank nationalisation took place in India. 1. 1950 2. 1955 3. 1969 4. 1949 5. 1980 Select the correct answer:

Correct Answer

[#663] Banks should not grant new loans for purpose of minor irrigation in:

Correct Answer

[#664] Which of the following statement is false?

Correct Answer

[#665] Read the following statements and choose the correct answer: Statement I: Small Industry Development Bank of India (SIDBl) was set-up as a wholly owned subsidiary of RBI. Statement II: SIDBI has taken over the responsibility of administering small industry development fund managed by IDBI.

Correct Answer