Banking And Financial Institutions - Study Mode

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[#766] What does the letter 'R' denotes in the abbreviation 'BR Act' which controls banking activities in the country?

(A) Reformation

(B) Regulation

(C) Reporting

(D) Resolution

Correct Answer

(B) Regulation

[#767] Mutual Funds are required to be registered with:

(A) AMFI

(B) SEBI

(C) IBA

(D) RBI

Correct Answer

(B) SEBI

[#768] Which of the following statement/s is/are the correct characteristic/s of NBFCs? 1. NBFCs cannot accept demand deposits. 2. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself. 3. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of bank.

(A) 1 and 2

(B) 2 and 3

(C) 1 and 3

(D) All of them

Correct Answer

(D) All of them

[#769] On which of the following banks the Reserve Bank of India depends?

(A) Cooperative Banks

(B) Regional Rural Banks

(C) Commercial Banks

(D) Development Banks

Correct Answer

(C) Commercial Banks

[#770] Who can nominate members on the governing body of a recognised stock exchange?

(A) The SEBI

(B) The State Government

(C) The SAT

(D) None of these

Correct Answer

(A) The SEBI