Banking and Financial Institutions MCQs

Governmental economic policy which deals with taxation, expenditure, borrowing and the management of public debt in an economy is . . . . . . . .

Which of the following banks launched the first non UTI mutual fund in India in June 1987?

Which one of the following statement is incorrect?

Which of the following are agents but they can sell policies of several life and non-life insurance companies at a time?

Which of the following statement/s is/are correct regarding prepaid payment instruments? 1. Prepaid payment instruments are methods that facilitate purchase of goods and services against the value stored in such instruments. 2. The value stored in such instruments represents the value paid by the holder either by cash or by credit to a bank account or by credit card. 3. The prepaid instruments can be issued as smart cards, magnetic stripe cards, Internet accounts, online wallets, paper vouchers, and any such instruments used to access the prepaid account. 4. Interest paid on the prepaid instruments is similar to that paid on a savings bank account.

Which one of the following statements is incorrect?

Assertion (A) Taking of deposits and granting of loans single out banks. Reason (R) Banks act as intermediaries when they mobilise savings from surplus units to shortage units in order to finance productive activities.

Fully-owned subsidiary of RBI

Which risk management technique does self-insurance satisfy?