Consider the following statements:
1. life Insurance Corporation of India is the oldest insurance company in India.
2. National Insurance Company limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India.
3. Headquarters of United India Insurance Company limited are located at Chennai.
Which of the statements given above are correct? [lAS2006)
1, 2 and 3
1 and 2, only
2 and 3, only
1 and 3, only
Correct Answer :
C. 2 and 3, only
Related Questions
The main function of the Exim Bank is:
to help RBI in the regulation of foreign exchange
to prevent unlicensed transaction
to promote exports and curtail imports
to conserve foreign exchange
The central banking functions in India are performed by the: [CPO AC 2003]
Central Bank
State Bank of India
Reserve Bank of India
Both b. and c.
In some parts of India, farmers face acute distress because of heavy burden of debt from non-institutional renders. Who can be called a non-institutional lender? [RBI Grade B Officer 2011]
Small Banks
Grameen Banks
Credit Cooperative Societies
Money Lenders
Regional Rural Banks are designed to work in which of the following ideals? [IAS 1988]
Work on basics of commercial banks
Help the targetted groups
Keep lending rates lower than cooperative institutions
Work on innovative and adaptive ideals
Which among the following is the oldest Development Financial Institution of India?
UTI
IDBI
ICICI
IFCI
'Repo rate' is the rate at which: [CDS 2004]
the Reserve Bank of India lends to State Government
the international aid agencies lend to Reserve Bank of India
the Reserve Bank of India lends to banks
the banks lend to Reserve Bank of India
Which of the following organisations prepare rural credit plans on annual basis for all districts in India, which in turn form the base for annual credit plans of all rural financial institutions? [RBI Grade B Officer 2011]
SIDBI
NABARD
RBI
Indian Bank's Association
The basic regulatory authority for mutual funds and stock markets lies with the:
Government of India
Reserve Bank of India
Securities and Exchange Board of India
Stock Exchanges
The main difference between shares and debentures is :
debentures can only be issued after shares
shareholders receive dividend on shares whereas debenture holders receive interest on debentures
debentures can be partly converted into shares whereas shares cannot be converted into debentures
shareholders are the owners of the company whereas debenture holders are the creditors of the company
The liabilities of a commercial bank are:
1. time deposits
2. security holdings
3. demand deposits
4. advances from the central bank
1, 2 and 3
1, 3 and 4
2 and 4
1 and 3
The best way, a bank can avoid loss is to :
lend only to individuals known to the bank
accept sound collateral
give only short-term loans
lend only to bank's old customers
Which of the following statements is/are correct?
1. NIFTY is based upon 50 firms in India.
2. NIFTY is governed and regulated by the Reserve Bank of India.
3. NIFTY does not trade in mutual funds
Select the correct answer using the code given below: [CDS 2012]
1 only
2 only
3 only
1 and 3
The National Stock Exchange functions from:
New Delhi
Mumbai
Nagpur
Kolkata
The Securities and Exchange Board of India has been set up to :
1. protect the interests of investors
2. to regulate the activities of brokers in the stock market
3. to ensure transparency in operation in the stock market.
4. to encourage a healthy growth of the stock market
Choose your answer from:
1 and 2
1, 2 and 4
1, 2 and 3
1, 2, 3 and 4
Stock Exchanges play, role in an economy which may be termed as [UBI PO 2010]
hardly useful
useful but need strict regulation
harmful to proper capital markets
a gambling-where many investors get ruined
A Scheduled Bank is one which is included in the: [CPO SI 2002]
II Schedule of Banking Regulation Act
II Schedule of Constitution
II Schedule of Reserve Bank of India Act
None of the above
What is the animal on the insignia of the RBI ? [CPO SI 2002]
Lion
Tiger
Panther
Elephant
What is the difference between Debentures and Equity?
Debentures are sealed bonds acknowledging that money has been borrowed; equity is a shareholder's share voting rights in proportion to his shareholding
An equity shareholder cannot withdraw his amount whereas debentures can be withdrawn by taking back the amount
Equity shareholding is more risky, compared to debentures which are bound to return good interest on the principal
Both debenture and equity holders have the right of voting irrespective of the proportion of holdings but debentures are of lower value than equity
In 1921, the Presidency Banks of Bengal, Madras and Bombay were nationalised to give birth to:
Punjab National Bank
Syndicate Bank
State Bank of India
Punjab and Sindh Bank
Which one of the following Indian banks is not a nationalized bank? [IAS 2006]
Corporation Bank
Dena Bank
Federal bank
Vijaya Bank
The system of value added taxation is applicable to:
excise duties
income tax
estate duty
taxes on agricultural income
Word Bull and Big are associated with which branch of commercial activity? [UP PCS 2002]
Foreign Trade
Banking
Share Market
Manufacturing
Which one of the following is not a feature of Limited Liability Partnership firm? [IAS 2010]
Partners should be less than 20
Partnership and management need not be separate
Internal governance may be decided by mutual agreement among partners
It is a corporate body with perpetual succession
The first Bank established in India was
Punjab National Bank
Traders Bank
State Bank of India
Bank of Hindustan
Bouncing of cheques has become an offence. What is the punishment for the same:
6 months imprisonment
1year imprisonment
2 years imprisonment
3 years imprisonment
Who is responsible for the collection and publication of monetary and financial information?
Finance Commission
Finance Ministry
Reserve Bank of India
Auditor and Comptroller General of India
Participatory Notes (PNs) are associated with which one of the following?
Consolidated Fund of India
Foreign Institutional Investors
United Nations Development Programme
Kyoto Protocol
The difference between a bank and a non-banking financial institution (NBFI) is that: [IAS 1994]
a bank interacts directly with customers while an NBFI interacts with banks and governments
a bank indulges in a number of activities relating to finance with a range of customers, while an NBFI is , mainly concerned with the term loan needs of large enterprises
a bank deals with both internal and international customers while an NBFI is mainly concerned with the finances of foreign companies
a bank's main interest is to help in business transactions and saving/investment activities while an NBFl's main interest is in the stabilisation of the currency
Debenture holders of a company are its:
shareholders
creditors
debtors
directors
If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation?
Decrease
Increase
No change
None of these