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 4.
Option 1: then
Option 2: but
Option 3: so
Option 4: than
Correct Answer: than
Solution : The fourth option is the correct choice.
The phrase rather than is used to express a preference or choice between two alternatives. In this context, the passage indicates a preference for making bankers personally liable for losses over removing the cap on bankers' bonuses, using
Question : Which program was launched in 2015 to promote financial inclusion and provide banking services to all households in India?
Option 1: Swachh Bharat Abhiyan
Option 2: Make in India
Option 3: Digital India
Option 4: Pradhan Mantri Jan Dhan Yojana
Correct Answer: Pradhan Mantri Jan Dhan Yojana
Solution : The correct answer is (d) Pradhan Mantri Jan Dhan Yojana." The Pradhan Mantri Jan Dhan Yojana (PMJDY) is a flagship financial inclusion program launched by the Government of India. Its objective is to ensure that every household in India has access
Question : Which of the following is not a function of the RBI?
Option 1: Regulating the banking system
Option 2: Conducting monetary policy
Option 3: Issuing currency notes
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 primarily focuses on the regulation and supervision of the banking system in India, ensuring its stability,
Question : Case Study 34
ABC Ltd. is a conglomerate planning to expand its operations. The company's management is considering the roles of SEBI in the financial market.
Question :
What is the full form of SEBI?
Option 1: Securities and Exchange Board of India
Option 2: Stock Exchange and Banking Institution
Option 3: Securities and Equity Brokerage Institute
Option 4: Stock Exchange and Business Investment
Correct Answer: Securities and Exchange Board of India
Solution : The correct answer is (a) Securities and Exchange Board of India
The full form of SEBI is Securities and Exchange Board of India. SEBI is the regulatory body in India that oversees and regulates the securities market, protecting the interests
Question : Choose which of the following statements is not correct.
Option 1: Debentures Redemption Investment is made by all companies redeeming the debentures.
Option 2: All India Financial Institutions (AIFIs), Banking Companies and Other Financial Institutions are not required to set aside amount to Debentures Redemption Reserve.
Option 3: Unlisted NBFCs and HFCs are not required to invest 15% of Outstanding Debentures in Specified Securities.
Option 4: Debentures Redemption Reserve can be used only for redemption of debentures.
Correct Answer: Debentures Redemption Investment is made by all companies redeeming the debentures.
Solution : Answer = Debentures Redemption Investment is made by all companies redeeming the debentures.
All India Financial Institutions (AIFIs), Banking Companies and Other Financial Institutions are not required to set aside amounts to Debentures Redemption Reserve.
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 3.
Option 1: never
Option 2: none
Option 3: not
Option 4: no
Correct Answer: no
The passage recommends making bankers personally liable for losses to curb gaming in the banking sector. The word no is appropriate in this context to emphasise the absence or lack of personal consequences for bankers, aligning with the
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 : Assertion: A large segment of workforce continues to depend on primary activities to make a living.
Reason: In India, trade, commerce, banking, tourism and related services are developing faster than production activities.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Solution : The correct answer is (b) Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
The assertion that a large segment of
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 1.
Option 1: feasible
Option 2: impossible
Option 3: penetrable
Option 4: liable
Correct Answer: impossible
Solution : The second option is the correct choice.
The passage suggests that eliminating gaming in the banking sector seems extremely challenging or difficult. The word impossible conveys a sense of extreme difficulty more strongly than the other options.
The meanings of the other options are as
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