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Current Affairs January 2024

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4

Which of the following combinations is correct? [IFS 1989]

A. NABARD-Industrial Loans

B. IDBI-Short term loans

C. RBI-Long term finance

D. RRB-Agricultural finance

Correct Answer :

D. RRB-Agricultural finance


Related Questions

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4

Open market operations of a Central Bank are sale and purchase of:

A. foreign currencies

B. corporate securities

C. trade bills

D. government securities

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4

Which two of the following nationalized banks have been merged as per the recommendation of the Narsimhan Committee? [NDA 1995]

A. New Bank of India and Bank of India

B. Central Bank of India and Corporation Bank

C. Parur Bank of India and Bank of India

D. Punjab National Bank and New Bank of India

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4

Which one of the following is not a feature of Limited Liability Partnership firm? [IAS 2010]

A. Partners should be less than 20

B. Partnership and management need not be separate

C. Internal governance may be decided by mutual agreement among partners

D. It is a corporate body with perpetual succession

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4

According to the RBI directions, a NBFC (Non-Banking Finance Company) must possess a Net-owned Fund of the amount:

A. minimum Rs.5 lakh

B. minimum Rs. 10 lakh

C. minimum Rs. 25 lakh

D. minimum Rs. 50 lakh

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4

Bank rate is the rate at which:

A. a bank lends to the public

B. the Reserve Bank of India lends to the public

C. the Government of India lends to other countries

D. the Reserve Bank of India gives credit to commercial banks

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4

The main function of the Exim Bank is:

A. to help RBI in the regulation of foreign exchange

B. to prevent unlicensed transaction

C. to promote exports and curtail imports

D. to conserve foreign exchange

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4

Which of the following best defines the term 'Letter of Credit' as used frequently in bank transactions? [SBI PO 1991]

A. An order from a bank to another bank abroad authorising the payment of a particular amount to a person named in the letter

B. An unconditional undertaking given by a bank ensuring the payment of a particular amount to the drawee at a given date

C. Letter by a bank to a person stating the terms and conditions of the loan sanctioned to him by the bank

D. Statement showing outstanding- deposits and credits of a bank for a particular period

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4

The main difference between shares and debentures is :

A. debentures can only be issued after shares

B. shareholders receive dividend on shares whereas debenture holders receive interest on debentures

C. debentures can be partly converted into shares whereas shares cannot be converted into debentures

D. shareholders are the owners of the company whereas debenture holders are the creditors of the company

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4

What are gilt-edged securities?

A. Securities issued by the multinationals

B. Securities issued by the government

C. Securities issued by the private sectors

D. Securities issued by the joint venture companies

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4

The number of Banks nationalised since 1969 is : [PCS 1994]

A. 8

B. 12

C. 14

D. 20

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4

All of the following are subsidiaries of the State Bank of India, except:

A. State Bank of Bikaner and Jaipur

B. Central Bank of India

C. State Bank of Hyderabad

D. State Bank of Patiala

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4

Which one of the following Public Sector banks' emblem figures a dog and the words 'faithful, friendly' in it ? [CDS 2010]

A. Punjab National Bank

B. Syndicate Bank

C. Oriental Bank of Commerce

D. State Bank of India

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4

For regulation of the Insurance Trade in the country the Government has formed: [UP PCS 2002]

A. SEBI

B. Reserve Bank of India

C. Insurance Regulatory and Development Authority

D. General Insurance Corporation

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4

The oldest stock exchange of India is :

A. Bombay Stock Exchange

B. Ahmedabad Stock Exchange

C. Bangalore Stock Exchange

D. Hyderabad Stock Exchange

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4

The National Stock Exchange functions from:

A. New Delhi

B. Mumbai

C. Nagpur

D. Kolkata

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What is the role of 'Over-the Counter Exchange' (OTC)?

A. Help in the introduction of multi-tiered markets and import liquidity to them

B. Help to overcome the balance of payment crisis

C. To arrange funds from different foreign banks of developing/ under developing countries

D. All of the above

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4

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]

A. 1 only

B. 2 only

C. 3 only

D. 1 and 3

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4

In which year, some more commercial banks (in addition to the first lot of 14) were nationalised in India?

A. 1976

B. 1979

C. 1980

D. 1982

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4

Consider the following statements: [IAS 2004]
1. The National Housing Bank, the apex institution in housing finance in India, was set up as a wholly owned subsidiary of the Reserve Bank of India
2. The Small Industries Development Bank of India was established as a wholly owned subsidiary of the Industrial Development Bank of India
Which of the statements given above is/are correct?

A. 1 only

B. 2 only

C. Both 1 and 2

D. Neither 1 nor 2

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4

What is the difference between Debentures and Equity?

A. Debentures are sealed bonds acknowledging that money has been borrowed; equity is a shareholder's share voting rights in proportion to his shareholding

B. An equity shareholder cannot withdraw his amount whereas debentures can be withdrawn by taking back the amount

C. Equity shareholding is more risky, compared to debentures which are bound to return good interest on the principal

D. Both debenture and equity holders have the right of voting irrespective of the proportion of holdings but debentures are of lower value than equity

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4

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]

A. Credit cards

B. Loan against gold from financial institute

C. Debit cards

D. Money lender

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4

Basel Committee has given its recommendations on which of the following aspects of banking operations? [RBI Grade B Officer 2011]

A. Marketing of bank products

B. Priority sector lending

C. Risk Management

D. All of the above

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4

The central banking functions in India are performed by the: [CPO AC 2003]

A. Central Bank

B. State Bank of India

C. Reserve Bank of India

D. Both b. and c.

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4

Participatory Notes (PNs) are associated with which one of the following?

A. Consolidated Fund of India

B. Foreign Institutional Investors

C. United Nations Development Programme

D. Kyoto Protocol

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4

When was the Reserve Bank of India taken over by the Government? [PCS 1994]

A. 1945

B. 1948

C. 19S2

D. 1956

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The acronym SRO, being used in the capital market for various market participants, stands for which one of the following? [CDS 2008]

A. Self-Regulatory Organisations

B. Small Revenue Operators

C. Securities Roll-back Operators

D. Securities Regulatory Organisations

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4

The Reserve Bank of India issues:

A. all the currency notes

B. all the currency notes except the one rupee note

C. all the currency notes except the hundred rupee note

D. only notes of Rs. 10 and above

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4

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)

A. 1, 2 and 3

B. 1 and 2, only

C. 2 and 3, only

D. 1 and 3, only

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4

Debenture holders of a company are its:

A. shareholders

B. creditors

C. debtors

D. directors

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4

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:

A. 1 and 2

B. 1, 2 and 4

C. 1, 2 and 3

D. 1, 2, 3 and 4