Banking
Question : A city primarily known for its financial services and banking sector would be classified as a:
Option 1: Industrial city
Option 2: Financial hub
Option 3: University town
Option 4: Tourist destination
Correct Answer: Financial hub
Solution : Correct Option: Option 2 Explanation: A financial hub is an urban settlement that is primarily known for its financial services and banking sector, serving as a center for economic transactions.
Question : The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent sentence.
Microfinance refers to
P typically excluded from traditional banking.
Q low-income individuals or groups who are
R the financial services provided to
Option 1: RQP
Option 2: PQR
Option 3: QPR
Option 4: QRP
Correct Answer: RQP
Solution : The correct answer is option 1.
Explanation:
The given paragraph states what microfinance is.
Microfinance refers to the financial services provided to low-income individuals or groups who are typically excluded from traditional banking.
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 2.
Option 1: gave
Option 2: bake
Option 3: take
Option 4: make
Correct Answer: make
Solution : The fourth option is the correct choice.
The passage suggests that the only effective measure to end gaming in the banking sector would be to make bankers personally liable for losses. Make in this context implies instituting a policy or regulation that compels or requires
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
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