Top 550+ Solved Indian Economy MCQ Questions Answer
Q. Which bank gives long term loan to farmers?
a. NABARD
b. Land Development Bank
c. SBI
d. Rural banks
Q. 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
Q. In 1921, the Presidency Banks of Bengal, Madras and Bombay were nationalised to give birth to:
a. Punjab National Bank
b. Syndicate Bank
c. State Bank of India
d. Punjab and Sindh Bank
Q. The oldest stock exchange of India is :
a. Bombay Stock Exchange
b. Ahmedabad Stock Exchange
c. Bangalore Stock Exchange
d. Hyderabad Stock Exchange
Q. The National Housing Bank was set up in India as a wholly-owned subsidiary of whichone of the following? [IAS 2007]
a. State Bank of India
b. Reserve Bank of India
c. ICICI Bank
d. Life Insurance Corporation of India
Q. 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]
a. Small Banks
b. Grameen Banks
c. Credit Cooperative Societies
d. Money Lenders
Q. The RBI has regional offices at various places. At which of the following places it doesnot have an office? [RBI Grade B Officer 2011]
a. Kota
b. Nagpur
c. Lucknow
d. Panaji
Q. 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
Q. Who amongst the following has never held post of the Governor of the RBI? [RBIGrade B Officer 2011]
a. C. Rangarajan
b. L.K. Jha
c. Manmohan Singh
d. Usha Thorat
Q. 'Sub Prime Lending' is a term applied to the loans made to ___ [Punjab & 5indh Bank 2011]
a. those borrowers who do not have a good credit history.
b. those who wish to take loan against the mortgage of tangible assets.
c. those who have a good credit history and are known to bank since 10 years.
d. those borrowers who are most preferred customers of the Bank.
Q. 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
Q. Who amongst the following was never a Governor of the RBI ? [SBI Associates Clerk 2011]
a. Bimal Jalan
b. Y. V. Reddy
c. Arup Roy Choudhury
d. C. Rangarajan
Q. In the world of commodity exchanges-the' concept of "A standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price" – is known as [UBI PO 2010]
a. Future contract
b. Forward contract
c. Market contract
d. Standard contract