Banking and Finance

Q 41. RBI was nationalized in the year_______

(A) 1949
(B) 1935
(C) 1934
(D) none
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Q 42. which of the following is called bankers cheque ?

(A) demand draft
(B) debit card
(C) pay order
(D) fixed deposit
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Q 43. Insurance is defined as a

(A) Contract
(B) Social device
(C) Co-operative device
(D) All
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Q 44. IRDA based in

(A) Hyderabad
(B) Kolkkatta
(C) Mumbai
(D) Chennai
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Q 45. In Insurance the consideration is known as

(A) Money
(B) Fund
(C) Return
(D) Premium
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Q 46. When the life insurance corporation of India was formed?

(A) August 1 1956
(B) November 1 1956
(C) September 1 1956
(D) January 1 1956
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Q 47. Banking Regulation Act was comes into existence………

(A) 1949
(B) 1934
(C) 1956
(D) 1949
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Q 48. RBI ACT was comes in to existence……

(A) 1934
(B) 1935
(C) 1948
(D) 1945
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Q 49. SLR refers to …………..

(A) Statutory Liquidity Ratio
(B) Stability Liquidity Ratio
(C) Safety Liquidity Ratio
(D) None of these
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Q 50. CRR refer s to …………..

(A) Cash Reserve Ratio
(B) Credit Reserve Ratio
(C) Common Reserve Ratio
(D) None of these
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