Banking and Financial Institutions MCQs

Commerce Objective Questions

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407. Currency chest balance will be periodically verified by

A. Bank's own officials

B. RBI officials

C. Both A and B

D. Officials of AG's office

408. Which of the following is not true about Unified Payments Interface (UPI)?

A. UPI is an instant payment system developed by the National Payments Corporation of India (NPCI)

B. Through UPI, all payments are instant and takes place in banking hours

C. Under UPI person will have a single identity and password for using multiple bank accounts

D. UPI is based on the Immediate Payment Services (IMPS) infrastructure

409. Which of the following is indicated by security sigma that is linked with the security computed as at the end of the previous trading day?

A. weighted mean

D. none of the above

410. The concept of inflationary gap was given-

411. Match the following.

List-I	List-II
a. Hawala	1. Clearing of cheques
b. RBI	2. Illegal transactions of foreign exchange
c. SEBI	3. Regulator body
d. Commercial Bank	4. Central Bank

A. a-1, b-3, c-2, d-4

B. a-2, b-3, c-4, d-1

C. a-3, b-2, c-1, d-4

D. a-1, b-2, c-3, d-4

412. Which of the following is an autonomous body set up by the Government of India to develop and regulate the pension market in India?

413. Earliest known cooperative credit union 'Anyonya Sahakari Mandali' was founded in which year?

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