Banking and Insurance Quiz

1.Which one of the following is/are implications (s) of the large inflow of foreign exchange into the country ? 

(a) It makes monetary management difficult for RBI 

(b) It creates money supply, asset bubbles and inflation.

(c) It weakens the competitiveness of Indian exports.

Only 1 Only 2 Only 3 All of these

2.Nowadays we frequently read news items about "Derivatives" as used in the world of Finance and moneymarket, which of the following statements correctly describe(s) a derivative and how it affects money/ finance market?

 (a) Derivatives enable individuals and companies to insure themselves against financial risk. 

(b) Derivatives are like fixed deposits in a bank and are the safest way to invest one's idle money lying in a bank. 

(c) Derivatives are the financial instruments which were used in India even during the British Raj.

Only 3 Only 2 Only 1 All of these

3.IMF and the World Bank were conceived as institutions to

Strengthening international economic co-operation and to help create a more stable and prosperous global economy IMF promotes international monetary cooperation The World Bank promotes long-term economic development and poverty reduction All of these

4.What is the deadline to connect digitally all post offices in rural areas in the country?

January 2018 February 2017 March 2017 April 2018

5.The National Housing Bank is a subsidiary of

RBI NABARD IDBI SEBI