The arguments to support opening up of the Insurance sector in India were:
1. It will provide wider choice to customers
2. It will infuse competition and efficiency
3. It will widen the base of long term funds
4. It will improve balance of payments position
Choose the correct answer from:
1, 2
2, 3
1, 2, 3
1, 2, 3 and 4
Correct Answer :
C. 1, 2, 3
Related Questions
The functions of the Reserve Bank of India are:
1. issuing all notes and coins
2. distributing all notes and coins
3. formulating monetary policy
4. acting as agent of Government in respect of India's membership of the IMF
1, 3 and 4
2 and 3
2, 3 and 4
1, 2, 3 and 4
Which of the following is at the apex of Industrial Finance in India? [UDC 1995]
Industrial Finance Corporation
Reserve Bank of India
Industrial Development Bank of India
Industrial Credit and Investment Corporation of India
Private Sector Mutual Funds in India were permitted in [UP PCS 2011]
1964
1993
1994
2001
Which of the following activities would Small Industries Development Bank of India (SIDBI) undertake under the new rural industrialisation programme? [Bank PO 1994]
1. Consultation in erecting the project
2. Providing marketing assistance and refinance facilities at later stage
3. Running the project during initial stage
Only 1and 2
Only 2 and 3
Only 2
Only 1
Consider the following statements:
1. ICICI Bank is the largest private sector bank in India.
2. Postal life Insurance is the oldest life insurance organization in India.
Which of the statements give above is/are correct? [IAS 2005]
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Which of the following provides the largest part of the demand for loanable funds in India?
Farmers
Private-house purchasers
Corporate businesses
Hire-purchase borrowers
Which of the following is called a 'banker's cheque' ? [CDS 2002]
Demand draft
Debit card
Pay order
Fixed deposit
The Reserve Bank of India issues:
all the currency notes
all the currency notes except the one rupee note
all the currency notes except the hundred rupee note
only notes of Rs. 10 and above
Which of the following are the functions of the Central Bank of India? [Railways 1992]
1. Regulation of currency and flow of credit system
2. Maintaining exchange value of rupee
3. Formulating monetary policy of India
4. Supervisory powers over the indigenous bankers and leasing companies
1 and 3
1, 2 and 3
1, 2 and 4
1, 2, 3 and 4
For regulation of the Insurance Trade in the country the Government has formed: [UP PCS 2002]
SEBI
Reserve Bank of India
Insurance Regulatory and Development Authority
General Insurance Corporation
Among the following, which one is not a credit rating agency operating in India?
CRISIL
ICRA
Dow Jones
CARE
Which of the following combinations is correct? [IFS 1989]
NABARD-Industrial Loans
IDBI-Short term loans
RBI-Long term finance
RRB-Agricultural finance
The number of Banks nationalised since 1969 is : [PCS 1994]
8
12
14
20
In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities? [CSAT 2011]
Commercial Banks
Cooperative Banks
Regional Rural Banks
Microfinance Institutions
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
Which of the following is now a punishable offence by a Bank Account holder ? [Bank PO 1990]
If a cheque is not crossed
If a post-dated cheque is issued
If a cheque drawn by him is dishonoured for insufficiency of funds in his account
Issuing a cheque without signature
The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called: [IAS 1998]
SBRC (Statutory Bank Ratio)
SLR (Statutory Liquid Ratio)
CBR (Central Bank Reserve)
CLR (Central Liquid Reserve)
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
The place where bankers meet and settle their mutual claims and accounts is known as : [Bank PO 1993]
treasury
clearing House
collection Centre
dumping Ground
As per the reports published- in various journals and newspapers the 'small borrowers' in rural areas still prefer to take informal route for their credit needs. Which of the following is the 'informal route' of credit in financial sector? [Punjab & Sindh Bank 2011]
Credit cards
Loan against gold from financial institute
Debit cards
Money lender
Which one of the following Indian banks is not a nationalized bank? [IAS 2006]
Corporation Bank
Dena Bank
Federal bank
Vijaya Bank
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
The oldest stock exchange of India is :
Bombay Stock Exchange
Ahmedabad Stock Exchange
Bangalore Stock Exchange
Hyderabad Stock Exchange
Which of the following organisations in India is mainly' working to meet the credit needs of all types of agricultural and rural development activities?
FCI
IDBI
NABARD
ICAR
'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
To prevent recurrence of scams in Indian Capital Market, the Government has assigned regulatory powers to: [IAS 1995]
RBI
SBI
SEBI
ICICI
Bank rate is the rate at which:
a bank lends to the public
the Reserve Bank of India lends to the public
the Government of India lends to other countries
the Reserve Bank of India gives credit to commercial banks
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
Consider the following statements: [IAS 2004]
1. Reserve Bank of India was nationalized on 26 January, 1950
2. The borrowing programme of the Government of India is handled by the Department of Expenditure, Ministry of Finance
Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Who amongst the following has never held post of the Governor of the RBI? [RBI Grade B Officer 2011]
C. Rangarajan
L.K. Jha
Manmohan Singh
Usha Thorat