31
Match the following.
List-I List-II
a. Urjit Patel Committee
1. Restructuring of IDBI
b. Athreya Committee
2. To Examine the Current Monetary Framework
c. Amitabh Chaudhry Committee
3. Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households
d. Nachiket Mor Committee
4. To analyze the existing framework of IRDA-Linked and Non-Linked Insurance Product Regulations
A)
a-1, b-3, c-2, d-4
B)
a-2, b-3, c-4, d-1
C)
a-1, b-2, c-3, d-4
D)
a-2, b-1, c-4, d-3
Answer & Solution
Answer: Option
D
32
Net National Product is equivalent to:
A)
Gross Domestic Product minus Depreciation
B)
Gross National Product minus Indirect Taxes
C)
Net National Income minus Depreciation
D)
Gross National Product minus Depreciation
Answer & Solution
Answer: Option
D
33
To determine the premiums required; actuaries apply the principle derived from:
A)
the law of averages and the theory of probability
B)
underwriting
C)
rating
D)
the size of the sample
Answer & Solution
Answer: Option
A
34
Which of the following is not correctly matched?
A)
Gold Currency Standard ⇔ Free coinage
B)
Gold Bullion Standard ⇔ Circulation of Gold Coin
C)
Gold Reserve ⇔ Restriction on Standard Import-Export of Gold
D)
Gold Parity Standard ⇔ Flexibility in Exchange Rate
Answer & Solution
Answer: Option
B
35
Pillar-II of RBI's new capital adequacy framework (Basel-II guidelines) prescribes that
A)
banks are required to adhere to market discipline by furnishing a set of disclosure requirements, which will enable market participants to assess key pieces of information on the scope of application, capital, risk exposure and risk assessment processes and hence, the capital adequacy of the institution
B)
banks will come under supervisory review process of RBI in regard to efficacy of their risk management system and will have to adhere to "Internal capital adequacy assessment process" to capture risks such as liquidity risks, reputational risks etc. Other than those prescribed under Pillar-I to convince RBI that adequate capital is maintained for various risks they are exposed to
C)
banks are required to maintain minimum 9% capital adequacy for credit risk, market risk and operational risk
D)
None of the above
Answer & Solution
Answer: Option
D
36
Monetary policy is prepared and declared by . . . . . . . .
A)
Govt. of India
B)
RBI
C)
State Govt.
D)
SBI
Answer & Solution
Answer: Option
B
37
The chief promoter of 'Clearing Corporation' is
A)
SBI
B)
RBI
C)
Financial Ministry
D)
None of these
Answer & Solution
Answer: Option
A
38
In India, mergers and acquisition of firms are regulated by:
A)
National Manufacturing Competitiveness Council
B)
Competition Commission of India
C)
Security and Exchange Board of India
D)
Department of Industrial Policy and Promotion
Answer & Solution
Answer: Option
B
39
When the insurance paper is not depositon time, then it is known as
A)
underinsurance paper
B)
timeless insurance
C)
max insurance paper
D)
All of these
Answer & Solution
Answer: Option
B
40
Arrange the following banks in order, in which they were established.
A)
2, 1, 3, 4
B)
2, 1, 4, 3
C)
1, 2, 3, 4
D)
1, 2, 4, 3
Answer & Solution
Answer: Option
A
