Banking and Financial Institutions MCQs

Which of the following statement/s is/are correct? 1. Small Industry Development Bank of India (SIDBI) was set-up as a whole owned subsidiary of the RBI. 2. SIDBI has taken over the responsibility of administering Small Industry Development Fund managed by the IDBI.

Match the following. List-I List-II a. CRR 1. Maximum expected rate b. Fiscal policy 2. Government of India c. Monetary policy 3. RBI d. RRR 4. Rate of interest

RBI ensures that banks operate within the set norms by conducting . . . . . . . . inspections and . . . . . . . . monitoring.

IFCI is authorised to borrow from

Reserve Bank of India was nationalized on

Which of the following correctly describes, what the Bancassurance is 1. It is an arrangement where by the branches of a bank sell/distribute insurance products of an insurance company. 2. It is a new product developed/launched by the banks in which the risks of the high value customers are covered for any losses to their property and/or lives through an insurance cover. 3. It is a new product launched by the banks by which they are providing insurance cover to exporters/importers for the losses, if any due to high fluctuations in the exchange rates of dollars and other major currencies. Select the correct answer

Which of the following statement/s is/are correct of floating Rate Notes? 1. These are debt instruments on which variable interest rate is payable. 2. The rate of interest is linked to a benchmark rate of interest and changes with the change in such bench mark rate of interest.

. . . . . . . . was the first development bank of our country.

If we completely moved to an electronic money system in place of physical currency, then which of the following will be reduced?