Banking And Financial Institutions - Practice Test

[#171] Which of the following statements are correct in context of IFCI?

(A) IDBI, Scheduled banks, insurance companies, investment trusts and co-operative banks are the shareholders of IFCI

(B) IFCI is authorized to issue bonds and debentures in the open market, to borrow foreign currency from the World Bank and other organizations, accept deposits from the public and also borrow from the RBI

(C) IFCI provides Soft Loan Assistance, Entrepreneur Development Programme, Industrial Development in Backward Area stypes of aids to industry

(D) All of the above

Correct Answer

(D) All of the above

[#172] In which year SARFAESI Act came into existence?

(A) 1999

(B) 2000

(C) 2001

(D) 2002

Correct Answer

(D) 2002

[#173] "Money is a standard for deferred payments." This function of money comes in the category of:

(A) primary function

(B) secondary function

(C) contingent function

(D) other function

Correct Answer

(B) secondary function

[#174] The Indian banking sector is facing the problem of heavy NPAs. Which among the following industries has contributed least to the level of NPAs?

(A) Realestate sector

(B) Iron and steel

(C) Software and BPO

(D) Infrastructural development

Correct Answer

(C) Software and BPO

[#175] Which of the following assumes the counterparty risk of each member and guarantees financial settlement?

(A) SEBI

(B) Central Depository Services Ltd. (CDSL)

(C) The National Depository Services Ltd. (NSDL)

(D) The National Securities Clearing Corporation Ltd. (NSCCL)

Correct Answer

(D) The National Securities Clearing Corporation Ltd. (NSCCL)

Banking And Financial Institutions - Study Mode

[#171] Which of the following statements are correct in context of IFCI?

Correct Answer

[#172] In which year SARFAESI Act came into existence?

Correct Answer

[#173] "Money is a standard for deferred payments." This function of money comes in the category of:

Correct Answer

[#174] The Indian banking sector is facing the problem of heavy NPAs. Which among the following industries has contributed least to the level of NPAs?

Correct Answer

[#175] Which of the following assumes the counterparty risk of each member and guarantees financial settlement?

Correct Answer