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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 2.

Option 1: gave

Option 2: bake

Option 3: take

Option 4: make

Team Careers360 19th Jan, 2024

Correct Answer: make


Solution : The fourth option is the correct choice.

The passage suggests that the only effective measure to end gaming in the banking sector would be to make bankers personally liable for losses. Make in this context implies instituting a policy or regulation that compels or requires bankers to be personally accountable for losses.

The meanings of the other options are as follows:

  • Gave means to provide or present something.

  • Bake means to cook by dry heat.

  • Take means to acquire, grasp, or accept something.

Therefore, the correct answer is, make.

5 Views

Question : Banking sector reforms led to attractive deposit avenues, easier credit terms and a sound effective and reliable banking system is a result of the ___________ environment. 

Option 1: Business 

Option 2: Economic

Option 3: Social 

Option 4: Legal 

Team Careers360 23rd Jan, 2024

Correct Answer: Economic


Solution : Economic environment refers to all the forces and factors which directly influence the economy of your country. Economic environment consists Gross domestic product, Income level at national level and per capital level etc. 
Hence, option 2 is the correct answer.

11 Views

Question : Banking comes under which of the following sectors?

Option 1: Primary sector

Option 2: Secondary sector

Option 3: Tertiary sector

Option 4: Both secondary and tertiary sector

Team Careers360 23rd Jan, 2024

Correct Answer: Tertiary sector


Solution : The correct answer is the Tertiary sector.

The financial services sector, which is a subset of the tertiary sector, includes banking. The tertiary sector, usually referred to as the service sector, includes a broad spectrum of non-production-based services. Retail, transportation, healthcare, education, tourism, and financial services, including banking, insurance, and investment services, are all included in this.

12 Views

Question : Which of the following institutions is responsible for regulating and supervising the functioning of non-banking financial companies (NBFCs) in India?

Option 1: Reserve Bank of India (RBI)

Option 2: Securities and Exchange Board of India (SEBI)

Option 3: National Stock Exchange of India (NSE)

 

Option 4: None of the above

Team Careers360 23rd Jan, 2024

Correct Answer: Reserve Bank of India (RBI)


Solution : The correct answer is (a) Reserve Bank of India (RBI)

The correct institution responsible for regulating and supervising the functioning of non-banking financial companies (NBFCs) in India is the Reserve Bank of India (RBI). 

The RBI is the primary regulatory authority for NBFCs in India. It formulates regulations, guidelines, and prudential norms for NBFCs and oversees their operations. The RBI issues licenses to NBFCs, specifies the regulatory framework, sets capital adequacy norms, and monitors their compliance with regulatory requirements. The RBI's objective is to ensure the stability and resilience of the NBFC sector and protect the interests of depositors and consumers.

14 Views

Question : The phenomenon of raising the outer edge of the curved roads above the inner edge to provide the necessary centripetal force to the vehicles to take a safe turn is called __________________.

Option 1: Banking of roads

Option 2: Cornering of roads

Option 3: Elevation of roads

Option 4: Tempering of roads

Team Careers360 23rd Jan, 2024

Correct Answer: Banking of roads


Solution : The correct option is the Banking of roads.

A construction method known as road banking is used to make curving roads safer for vehicles to travel on at faster speeds. The road surface can be carefully tilted to raise the outer edge over the inner edge, creating a centripetal force that makes turning by cars safer and more effective. Vehicles are less likely to flip over or lose control while navigating curves owing to this construction.

77 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 17th 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 trading of securities between buyers and sellers.

However, regulating the banking sector is typically the responsibility of regulatory bodies such as central banks and financial regulatory authorities. These entities oversee and regulate banks, ensuring their compliance with banking laws, capital requirements, and prudential regulations.

6 Views

Question : Which of the following statements is an example of positive economics?

Option 1: The government should regulate the banking sector to prevent financial crises.

Option 2: Tax cuts for corporations will stimulate economic growth.

Option 3: Wealth redistribution is necessary for a just society.

Option 4: Economic efficiency should be prioritized over equity.

Team Careers360 19th Jan, 2024

Correct Answer: Tax cuts for corporations will stimulate economic growth.


Solution : The correct answer is (b) Tax cuts for corporations will stimulate economic growth.

Tax cuts for corporations will stimulate economic growth is an example of positive economics because it presents a cause-and-effect relationship based on empirical evidence and economic analysis. It suggests that tax cuts for corporations will lead to an increase in economic growth. Positive economics focuses on analyzing economic data and facts to provide objective analysis and understanding of how the economy functions.

23 Views

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 responsible for maintaining price stability, controlling inflation, and managing the overall monetary and financial stability of the country. The regulation of the stock market falls under the jurisdiction of the Securities and Exchange Board of India (SEBI), which is an independent regulatory body specifically established for this purpose. Therefore, option d. Regulating the stock market is not a function of the RBI.

 

16 Views

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 services, such as loans, credit facilities, investments, and asset financing, but do not hold a full banking license. The RBI regulates and supervises NBFCs to ensure their stability, compliance with regulations, and protection of the interests of depositors and borrowers. The Insurance Regulatory and Development Authority of India (IRDAI) regulates and supervises insurance companies, while the Securities and Exchange Board of India (SEBI) oversees the securities market in India.

 

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