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What is the number of working foreign banks in India?

A) 10
B) 20
C) 30
D) 40

Correct Answer:




D) 40

Part of solved Banking System questions and answers : General Knowledge >> Economy >> Banking System

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Similar Questions

1). The Securities and Exchange Board of India has been set up to :
1. protect the interests of investors
2. to regulate the activities of brokers in the stock market
3. to ensure transparency in operation in the stock market
4. to encourage a healthy growth of the stock market
Choose your answer from :

A). 1 and 2

B). 1, 2 and 4

C). 1, 2 and 3

D). 1, 2, 3 and 4

2). Which among the following is the oldest Development Financial Institution of India?

A). UTI

B). IDBI

C). ICICI

D). IFCI

3). Consider the following statements :
1. The National Housing Bank, the apex institution in housing finance in India, was set up as a wholly owned subsidiary of the Reserve Bank of India
2. The Small Industries Development Bank of India was established as a wholly owned subsidiary of the Industrial Development Bank of India
Which of the statements given above is/are correct?

A). 1 only

B). 2 only

C). Both 1 and 2

D). Neither 1 nor 2

4). Regional rural banks :
1. have limited area of operation
2. have free access to liberal refinance facilities from NABARD
3. are required to lend only to weaker sections.

A). 1 and 3

B). 2 and 3

C). 1, 2 and 3

D). 1 and 2

5). The arguments to support opening up of the Insurance sector in India were :
1. It will provide wider choice to customers
2. It will infuse competition and efficiency
3. It will widen the base of long term funds
4. It will improve balance of payments position
Choose the correct answer from:

A). 1, 2

B). 2, 3

C). 1, 2, 3

D). 1, 2, 3 and 4

6). Match the following :
Institutions Year of Formation
A. National Stock Exchange 1. 1989
B. OTCEI 2. 1992
C. SEBI 3. 1993
D. CARE 4. 1988
A B C D

A). 1 2 3 4

B). 2 1 3 4

C). 2 1 4 3

D). 3 1 4 2

7). The liabilities of a commercial bank are :
1. time deposits
2. security holdings
3. demand deposits
4. advances from the central bank

A). 1, 2 and 3

B). 1, 3 and 4

C). 2 and 4

D). 1 and 3

8). A tax which is paid by the person on whom the tax is incident is called a :

A). local tax

B). indirect tax

C). direct tax

D). rate

9). Rate of growth of an economy is measured in terms of :

A). per capita income

B). industrial development

C). number of people who have been lifted above the poverty line

D). national income

10). The standard of living in a country is represented by its :

A). national income

B). per capita income

C). poverty ratio

D). unemployment rate