Banking and Financial Market MCQ | 60 Free MCQs

41. …………… Indian bank started its credit card first.
a. SBI
b. central bank of India
c. bank of India
d. yes bank

42. Recent technological developments in the banking sector …………….. .
a. ATMs
b. Online banking
c. Electronic clearing services
d. all of the above

43. …………….. committee was established to introduce the insurance sector reforms.
a. Malhotra
b. Narasimham
c. Rangarajan
d. none of these

44. Life insurance sector was nationalized in …………… .
a. 1834
b. 1907
c. 1912
d. 1956

45. The insurance industry in India consists of …………… .
a. Life insurance
b. non-life insurance
c. both a and b
d. none of these

46. General insurance corporation was formed in …………… .
a. 1972
b. 2001
c. 2015
d. 2018

47. FDI in insurance sector is allowed upto …………….. by Government of India.
a. 26%
b. 49%
c. 51%
d. 100%

48. Malhotra committee was appointed on ……………..
a. Banking sector
b. money market reforms
c. capital market reforms
d. insurance sector reforms

49. ……………… is not a part of the unorganized sector of money market.
a. Loan companies
b. call money market
c. chit funds
d. money lenders

50. ……………… is not a part of unorganized sector of money market .
a. Money lenders
b. indigenous bankers
c. loan companies
d. co-operative banks

Answer: 41)central bank of India 42)all of the above 43)Malhotra 44)1956 45)both a and b 46)1972 47)49% 48)insurance sector reforms 49)call money market 50)co-operative banks