Banking
Question : Banking sector reforms led to attractive deposit avenues, easier credit terms and a sound effective and reliable banking system is a result of the ___________ environment.
Option 1: Business
Option 2: Economic
Option 3: Social
Option 4: Legal
Correct Answer: Economic
Solution : Economic environment refers to all the forces and factors which directly influence the economy of your country. Economic environment consists Gross domestic product, Income level at national level and per capital level etc. Hence, option 2 is the correct answer.
Question : Banking comes under which of the following sectors?
Option 1: Primary sector
Option 2: Secondary sector
Option 3: Tertiary sector
Option 4: Both secondary and tertiary sector
Correct Answer: Tertiary sector
Solution : The correct answer is the Tertiary sector.
The financial services sector, which is a subset of the tertiary sector, includes banking. The tertiary sector, usually referred to as the service sector, includes a broad spectrum of non-production-based services. Retail, transportation, healthcare, education, tourism,
Question : Comprehension: In the following passage, some of the words have been deleted. Read the passage carefully and select the correct answer for the given blank out of the four alternatives. Gaming in the banking sector seems virtually (1) _____ to eliminate. The only effective measure to end it would be to (2) _____ bankers personally liable for losses, to remove the sense that their actions—their games—have (3) ______ personal financial or legal consequences. It is this, rather (4) ______ removing the cap on bankers' bonuses, that has the best chance of preventing the financial system from blowing (5) ____ again. Question: Select the most appropriate option to fill in the blank number 5.
Option 1: on
Option 2: into
Option 3: up
Option 4: off
Correct Answer: up
Solution : The third option is the correct choice.
The phrase blowing up is commonly used to describe a catastrophic failure, explosion, or severe disruption. In the context of the passage, using up appropriately conveys the idea of preventing the financial system from experiencing a severe failure
Question : Which of the following institutions is responsible for regulating and supervising the functioning of non-banking financial companies (NBFCs) in India?
Option 1: Reserve Bank of India (RBI)
Option 2: Securities and Exchange Board of India (SEBI)
Option 3: National Stock Exchange of India (NSE)
Option 4: None of the above
Correct Answer: Reserve Bank of India (RBI)
Solution : The correct answer is (a) Reserve Bank of India (RBI)
The correct institution responsible for regulating and supervising the functioning of non-banking financial companies (NBFCs) in India is the Reserve Bank of India (RBI).
The RBI is the primary regulatory authority
Question : The phenomenon of raising the outer edge of the curved roads above the inner edge to provide the necessary centripetal force to the vehicles to take a safe turn is called __________________.
Option 1: Banking of roads
Option 2: Cornering of roads
Option 3: Elevation of roads
Option 4: Tempering of roads
Correct Answer: Banking of roads
Solution : The correct option is the Banking of roads.
A construction method known as road banking is used to make curving roads safer for vehicles to travel on at faster speeds. The road surface can be carefully tilted to raise the outer edge
Question : Which of the following is not a function of a stock exchange?
Option 1: Facilitating trading of securities
Option 2: Ensuring fair and transparent transactions
Option 3: Regulating the banking sector
Option 4: Providing liquidity to investors
Correct Answer: Regulating the banking sector
Solution : The correct answer is (c) Regulating the banking sector.
Regulating the banking sector is not a function of a stock exchange. Stock exchanges primarily serve as marketplaces where securities such as stocks, bonds, and derivatives are bought and sold. They facilitate the
Question : Which of the following statements is an example of positive economics?
Option 1: The government should regulate the banking sector to prevent financial crises.
Option 2: Tax cuts for corporations will stimulate economic growth.
Option 3: Wealth redistribution is necessary for a just society.
Option 4: Economic efficiency should be prioritized over equity.
Correct Answer: Tax cuts for corporations will stimulate economic growth.
Solution : The correct answer is (b) Tax cuts for corporations will stimulate economic growth.
Tax cuts for corporations will stimulate economic growth is an example of positive economics because it presents a cause-and-effect relationship based on empirical evidence and
Question : Which of the following is not a function of the RBI?
Option 1: Issuing currency notes
Option 2: Regulating the banking system
Option 3: Conducting monetary policy
Option 4: Regulating the stock market
Correct Answer: Regulating the stock market
Solution : The correct answer is (d) Regulating the stock market.
Regulating the stock market is not a function of the Reserve Bank of India (RBI). The RBI's primary functions include issuing currency notes, regulating the banking system, and conducting monetary policy. It is
Question : Which of the following institutions regulates and supervises the functioning of non-banking financial companies (NBFCs) in India?
Option 2: Insurance Regulatory and Development Authority of India (IRDAI)
Option 3: Securities and Exchange Board of India (SEBI)
Solution : The correct answer is (a). Reserve Bank of India (RBI).
The Reserve Bank of India is the regulatory authority responsible for regulating and supervising the functioning of non-banking financial companies (NBFCs) in India. NBFCs are financial institutions that provide various financial
Question : Comprehension:
In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.
The modern world (1) ________ around technology. It has advanced dramatically in the beyond twenty years, and presently, we can't envision a world without PCs and cell phones. The last century saw fast progressions in innovation and science, which were unfathomable previously. The internet is perhaps the most significant of these. Today, it is no longer a science fiction concept to communicate with people anywhere in the world. While smartphones keep us constantly connected to the virtual world, the wireless internet has eliminated the need to use a physical wire to connect with this world. Today, we rely on the Internet to pay our bills, book tickets, travel, and conduct banking transactions. Li-Fi, a new technology that uses light signals to (2) ________ data and reduces external interference, is currently in development. On the other hand, such rapid progress comes with some (3) ________. Another sort of wrongdoing, known as digital wrongdoing, is the greatest danger to security today. WannaCry was one of the biggest recent cyberattacks. It infected more than 230,000 computers in over 150 countries and threatened to erase valuable data unless ransom payments were made. Personal and (4) ________ data continue to be stolen frequently, and our country's cyber security is still lacking. It's also possible to say that people miss out on important experiences in the real world because they spend so much time in the virtual world. The distinction between the real and online worlds sometimes appears to blur, especially as social media grows in popularity. For instance, the internet was said to have become so addictive in China that programmes were established to help people get off of it. However, technology's benefits (5)________ its drawbacks. It all comes down to what we do with it. One thing to keep in mind is that technology can serve us well but not completely.
Select the most appropriate option to fill in the blank no. 2.
Option 1: lay
Option 2: disturb
Option 3: transmit
Option 4: communicate
Correct Answer: transmit
Solution : The most appropriate choice is the third option.
The word transmit means to broadcast or send out an electrical signal and fits well in the context of technology that uses light signals to send or convey data.
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