Top 50+ Solved Banking and Insurance Sector in India MCQ Questions Answer
Q. The RBI was nationalized by the Reserve Bank (amendment ) …………...
a. Act 1948
b. . Act 1932
c. Act 1962
d. Act 1963
Q. The baking system was……….during the early 90’s which led to greatercompetition and higher Production.
a. Liberalized
b. Centralized
c. Decentralized
d. None of these
Q. The baking sector is the most important part of the……….and it promoteseconomic development of the country.
a. financial system
b. Financial Procedure
c. Technology
d. Underwriting
Q. The…………..has economic significance and social purpose.
a. Insurance industry
b. Financial banks
c. mutual fund
d. Underwriting
Q. The……… are financial intermediate that collect and invest largeamount of premiums.
a. Insurance Companies
b. non banking Institutes
c. Stock Exchange
d. SEBI
Q. The 1st life insurance company namely………. was establishment inKolkata in 1818
a. oriental life insurance co
b. ICICI prudential
c. Tata LIC
d. SBI LIC
Q. The commercial banking system in India consists………….&………….
a. Scheduled & Unscheduled Banks
b. Bank & Non Banking Institutions
c. Organised & unorganized Banks
d. none of these
Q. ………..banks are considered as the heart of our financial structure thatmakes the completely utilization of the resources of the nation.
a. financial system
b. Financial Procedure
c. Technology
d. Underwriting
Q. ………….banks are known as local area banks.
a. Uncheduled banks
b. Financial Institutions
c. Organised Banks
d. none of these
Q. …………….these banks are controlled by the Government.
a. Public Sector Banks
b. Organised Banks
c. Scheduled Banks
d. none of these
Q. ………………banks are registered as companies with limited liability.
a. Private Sector Banks
b. Public sector Banks
c. Scheduled Banks
d. commercial banks
Q. …………… banks were establishment mainly due to the development of tradewith our countries.
a. Foreign Banks
b. Organised Banks
c. Scheduled Banks
d. none of these
Q. …………… banks are involved with financing of foreign trade and activities.
a. Foreign Banks
b. Organised Banks
c. Scheduled Banks
d. none of these
Q. …………… banks aims to increase the flow of credit and availability ofbanking facilities to Rural areas and to the poorer section of the rural population.
a. Regional Rural Banks
b. Organised Banks
c. Scheduled Banks
d. Cooperative Banks
Q. The basic ideamovement is that poor people should come together and develop banking habits within small means.
a. Cooperative
b. Organised
c. Scheduling
d. none of these