Top 50+ Solved Banking and Insurance Sector in India MCQ Questions Answer
Q. …………..banks act as catalytic agents in promoting balanced development ofthe country.
a. Development Banks
b. Organised Banks
c. Scheduled Banks
d. none of these
Q. ………… means indemnity or protection against risk of loss by spreading the risk over a number of a person, who are exposed to it and who is agree to insure themselves against risk.
a. Insurance
b. Bank Over Draft
c. Premium
d. none of these
Q. The LIC was Establishment on……………..
a. 1st Sep 1956
b. 2nd Sep 1956
c. 15th Aug 1949
d. 1st Jan 1947
Q. …………….banks can borrow from the Reserve Bank of India based on the eligible securities or get the financial assistance in times of need by rediscounting bills of Exchange.
a. Scheduled Banks
b. Organised Banks
c. Scheduled Banks
d. none of these
Q. The first bank to set up a separate merchant banking division in India.
a. Punjab national bank
b. Standard charted bank
c. National & Grin days bank
d. National city bank.