Banking and Financial Market MCQ | 60 Free MCQs

11. Virtual banking aims at rendering banking services through …………
a. Branch expansion
b. advancing cheap credit
c. use of IT services
d. none of these

12. The IRDA Act was passed in the year ………….
a. 1999
b. 1998
c. 2000
d. none of the above

13. Insurance regulatory and development authority was established in ……………. of the following year.
a. 1999
b. 2000
c. 2001
d. none of the above

14. …………% FDI is allowed in the insurance companies.
a. 26%
b. 49%
c. 51%
d. 75%

15. ……………..is a part of the organized sector of Indian money market.
a. Indigenous bankers
b. Loan companies
c. Call money market
d. Money lenders

16. ……………. are the main participants in the call money market.
a. Commercial banks
b. co-operative banks
c. primary dealers
d. all of the above

17. …………….. is not the feature of commercial bills.
a. Short term
b. trade bills
c. issued by RBI
d. High degree of liquidity

18. …………. money market instrument is issued by commercial banks.
a. CPs
b. Commercial bills
c. CDs
d. Treasury bills

19. ……………..measures absorb liquidity from the financial system.
a. Repo
b. reverse repo
c. MSF
d. liquidity trap

20. …………… is the most important constituent of Indian money market
a. RBI
b. SEBI
c. NSE
d. none of these

Answers: 11)use of IT services 12)1999 13)2000 14)49% 15)Call money market 16) all of the above 17)issued by RBI 18)CDs 19)reverse repo 20)RBI