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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

Team Careers360 24th Jan, 2024

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

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Question : Which of the following institutions regulates and supervises the functioning of non-banking financial companies (NBFCs) in India?

Option 1: Reserve Bank of India (RBI)

 

Option 2: Insurance Regulatory and Development Authority of India (IRDAI)
 

Option 3: Securities and Exchange Board of India (SEBI)

 

Option 4: None of the above

Team Careers360 22nd Jan, 2024

Correct Answer: Reserve Bank of India (RBI)

 


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

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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

Team Careers360 23rd Jan, 2024

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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Question : What is a good indicator to identify the effect of policies on the industrial sector?

Option 1: Rise in capital formation.

Option 2: Rise in the share of the Industry sector in the GDP.

Option 3: Rise in banking services.

Option 4: Rise in imports.

Team Careers360 21st Jan, 2024

Correct Answer: Rise in the share of the Industry sector in the GDP.


Solution : The correct option is the Rise in the share of the industry sector in the GDP.

A rise in the share of the industrial sector in GDP is a good indicator of policy effects.

37 Views

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

Team Careers360 19th Jan, 2024

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

15 Views

Question : Which of the following is a feature of a non-banking financial company (NBFC)?

 

Option 1: Accepting deposits from the public

Option 2: Regulated by the Reserve Bank of India (RBI)

Option 3: Providing credit facilities

Option 4: None of the above

Team Careers360 22nd Jan, 2024

Correct Answer: Providing credit facilities


Solution : The correct answer is (c). Providing credit facilities

NBFCs are financial institutions that provide various financial services and products similar to traditional banks but without holding a banking license. One of the primary functions of NBFCs is to provide credit facilities, including loans,

15 Views

Question : Which among the following comes under the primary sector of the Indian Economy?

Option 1: Sugar Industry

Option 2: Dairy Industry

Option 3: Banking Industry

Option 4: Transport of Goods

Team Careers360 23rd Jan, 2024

Correct Answer: Dairy Industry


Solution : The correct answer is Dairy.

The primary sector refers to all areas of human endeavour that use natural resources to produce essential goods, including agriculture, horticulture, dairy production, mining, fisheries, forestry, etc. By converting raw materials into valuable products, the secondary sector increases the

16 Views

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. 1.

Option 1: rotates

Option 2: revolves

Option 3: squares

Option 4: circles

Team Careers360 20th Jan, 2024

Correct Answer: revolves


Solution : The most appropriate choice is the second option.

Revolves in this context means that technology is at the centre of the modern world, plays a crucial role, and is the best choice in the context of the sentence.

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