Banking And Financial Institutions - Study Mode

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[#291] Which of the following correctly describes, what the Bancassurance is 1. It is an arrangement where by the branches of a bank sell/distribute insurance products of an insurance company. 2. It is a new product developed/launched by the banks in which the risks of the high value customers are covered for any losses to their property and/or lives through an insurance cover. 3. It is a new product launched by the banks by which they are providing insurance cover to exporters/importers for the losses, if any due to high fluctuations in the exchange rates of dollars and other major currencies. Select the correct answer

(A) Only 2

(B) Only 1

(C) Both 1 and 2

(D) None of the above

Correct Answer

(B) Only 1

[#292] Which of the following statement/s is/are correct of floating Rate Notes? 1. These are debt instruments on which variable interest rate is payable. 2. The rate of interest is linked to a benchmark rate of interest and changes with the change in such bench mark rate of interest.

(A) 1 is correct

(B) 2 is correct

(C) 1 and 2 is correct

(D) Neither 1 nor 2 is correct

Correct Answer

(C) 1 and 2 is correct

[#293] . . . . . . . . was the first development bank of our country.

(A) IDBI

(B) SIDBI

(C) ICICI

(D) IFCI

Correct Answer

(D) IFCI

[#294] If we completely moved to an electronic money system in place of physical currency, then which of the following will be reduced?

(A) Government's subsidy burden

(B) RBI's Seigniorage

(C) Both A and B

(D) Neither A nor B

Correct Answer

(C) Both A and B

[#295] In the context to 'Quantity theory of money', which of the following is not correctly matched?

(A) $${ ext{Fisher}}:MV = PT$$

(B) $${ ext{Pigou}}:P = frac{{KR}}{M}$$

(C) $${ ext{Robertson}}:P = frac{{MK}}{T}$$

(D) $${ ext{Keynes}}:P = frac{n}{k}$$

Correct Answer

(C) $${ ext{Robertson}}:P = frac{{MK}}{T}$$