Insurance - Study Mode

[#251] Which of the following is not a public sector bank in India?
Correct Answer

(B) Federal Bank

Explanation

Solution: Federal Bank is not a public sector bank in India. Federal Bank Limited is a major Indian commercial bank in the private sector headquartered at Aluva Kerala.

[#252] What is the expanded form of the term ALM used in the banking sector?
Correct Answer

(B) Asset Liability Management

Explanation

Solution: ALM is the practice of managing risks that arise due to mismatches between the assets and liabilities.

[#253] Which of the following is not a part of India's Money Market?
Correct Answer

(D) Indian Gold Council

Explanation

Solution: Indian Gold Council is not a part of India's Money Market. The Money market in India is the money market for short-term and long-term funds with maturity ranging from overnight to one year in India including financial instruments that are deemed to be close substitutes of money.

[#254] Which one of the following does not belong to regulatory bodies in India?
Correct Answer

(D) SEBI

Explanation

Solution: SEBI does not belong to regulatory bodies in India. The Securities and Exchange Board of India was established as a non-statutory regulatory body in the year 1988, but it was not given autonomous, statutory powers until January 30, 1992, when the Securities and Exchange Board of India Act was passed by the Parliament of India.

[#255] Which one of the following is the special drawing rights given by the International Monetary Fund to its member countries?
Correct Answer

(C) Paper gold

Explanation

Solution: Paper gold is the special drawing rights given by the International Monetary Fund to its member countries. It is an accounting entry. It is used only among governments and IMF for balance of payment settlements.