Banking
Question : Which of the following is not a function of the Reserve Bank of India (RBI)?
Option 1: Issuing currency notes
Option 2: Regulating the banking system
Option 3: Regulating the securities market
Option 4: Managing the foreign exchange reserves of India
Correct Answer: Regulating the securities market
Solution : The correct answer is (c). Regulating the securities market
The Reserve Bank of India (RBI) performs multiple functions, but regulating the securities market is not one of them. The correct answer is c) Regulating the securities market.
The functions of the Reserve Bank of India include:
a) Issuing currency notes: The RBI is responsible for the issuance and management of currency notes and coins in India.
b) Regulating the banking system: The RBI regulates and supervises banks and financial institutions in India to ensure their stability, soundness, and proper functioning.
d) Managing the foreign exchange reserves of India: The RBI manages and maintains the foreign exchange reserves of India, which are crucial for the stability of the country's external sector.
While the securities market in India is regulated by the Securities and Exchange Board of India (SEBI), the RBI collaborates with SEBI and plays a supportive role in ensuring the smooth functioning and stability of the overall financial system.
Question : In what way has Ain-i-Akbari contributed to the understanding of Mughal economic policies?
Option 1: By detailing trade routes and partnerships
Option 2: By outlining the taxation and revenue collection system
Option 3: By describing the currency and banking system
Option 4: By explaining the import-export regulations
Correct Answer: By outlining the taxation and revenue collection system
Solution : Correct Option: Option 2 Explanation: Ain-i-Akbari has contributed to the understanding of Mughal economic policies by outlining the taxation and revenue collection system, which was a crucial aspect of the empire's economic management.
Question : Which of the following organizations is responsible for setting international standards for banking and financial transactions, including foreign exchange operations?
Option 1: World Trade Organization (WTO)
Option 2: International Monetary Fund (IMF)
Option 3: Bank for International Settlements (BIS)
Option 4: World Bank
Correct Answer: Bank for International Settlements (BIS)
Solution : The correct option is c) Bank for International Settlements (BIS)
The Bank for International Settlements (BIS) is responsible for setting international standards for banking and financial transactions, including foreign exchange operations. The BIS is an international financial institution that serves as a bank for central banks. It provides a platform for central banks to exchange information, collaborate on monetary and financial matters, and promote monetary and financial stability worldwide. The BIS plays a key role in developing and promoting best practices in the banking and financial industry, including the regulation and supervision of foreign exchange operations. The World Trade Organization (WTO) focuses on international trade policies, the International Monetary Fund (IMF) deals with global monetary cooperation and financial stability, and the World Bank primarily supports development projects and provides financial assistance to countries.
Question : In which year was the Banking Regulation Act passed in India?
Option 1: 1947
Option 2: 1950
Option 3: 1949
Option 4: 1934
Correct Answer: 1949
Solution : The correct answer is (c) 1949
The Banking Regulation Act of India was enacted in 1949 to regulate the functioning and operations of banks in the country. It aimed to provide a comprehensive legal framework for the banking sector and introduced various regulations and provisions to ensure the stability and integrity of the banking system.
The act established the Reserve Bank of India (RBI) as the central banking institution with the authority to regulate and supervise banks. It defined the roles and responsibilities of commercial banks, laid down guidelines for their management and governance, and set rules for the issuance of bank licenses.
Question : Statement 1: The services sector contributes significantly to the GDP of India, Pakistan, and China.
Statement 2: Services such as banking, education, healthcare, and tourism play a crucial role in the economies of these countries.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, Statement 2 is false.
Option 4: Statement 2 is true, Statement 1 is false.
Correct Answer: Both statements are true.
Solution : The correct answer is (a) Both statements are true.
Statement 1 states that the services sector contributes significantly to the GDP of India, Pakistan, and China, which is true. The services sector plays a crucial role in the economies of these countries, contributing to their overall GDP growth.
Statement 2 supports Statement 1 by highlighting specific services such as banking, education, healthcare, and tourism that play a crucial role in the economies of these countries. These services contribute to employment, revenue generation, and economic development.
Therefore, both statements are true and are consistent with each other.
Hello,
Yes, Definitely doing a MBA will improve your job profile and give you higher pakages as well has better exposure in different field of work and also involves in Management work which will lead to personal development. Here are some of the best online MBA Options
Amity University Online
NMIMS Global Access School for Continuing Education - Online
IGNOU
Bharathidasan University - Centre for Distance Education - MBA.
Hope this helps you,
Thank you
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Telling you my experience i have done a course from IMARTICUS and it is really worth doing there. They also help us for placements but I did not attend it so I just found on my own. But they prepare you so well to attend the interviews for companies such as BARCLAYS, BNY MELLON, BNP,JP MORGAN, SOCIETY GENERALE, etc. The way they teach us are easily understandable and they also assess you. So its good worth it but its quite expensive as well.
As you have mentioned that you are interested in the Banking Courses and you have to make your career in that so here are the list of banking courses you can go for after 12th:
1. BA in Banking and Finance
2. BCom in Banking
3. B.Sc in Banking and Finance
4. Bachelor of Business (Finance)
Now, here is the list for courses in Banking which you can try after your graduation:
1. MBA in Banking and Finance
2. MCom (Banking)
3. MSc in Banking and Finance
4. MSc in Business
This are some of the demanding courses you can check and go for as well as there are many more courses available which you can also check as per your requirement.
Thank you..
Hello aspirant, The Bachelor of Business Administration (BBA) program in Banking & Financial Services is specifically tailored for those aspiring to pursue a career in the financial services sector. The program's primary objective is to equip students with the skills and practical knowledge necessary to excel in the rapidly expanding finance industry. By enrolling in this course, you will have the opportunity to cultivate proficiencies in various areas such as accounting, law, statistics, economics, and financial markets, among others. Possessing a BBA degree with a specialization in financial services will empower you to effectively navigate the dynamic business landscape and thrive whether you choose to work in a corporate setting or embark on an entrepreneurial path.
For more information, please visit the following link:
https://dqxeclau.top/university/delhi-skill-and-entrepreneurship-university-new-delhi/bba-banking-financial-services-and-insurance-course
Hope it helps you
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