QUESTION SET -9 (CBSE COMMERCE NET )
QUESTION SET-9 ( CBSE COMMERCE NET) 56.Which one is not finance company? A.Hire purchase company B. IRDA C.mutual benefit finance company D.loan companies ANSWER:-B EXPLANATION :-IRDA stands for " Insurance Regulatory and Development Authority of India". It is an autonomous, statutory agency.Its main function is to regulate to regulate and promote the insurance and reinsurance industries in India. Its headquartered in Hyderabad, Telangana . Current chairman of IRDA is T.S. Vijayan. It is not a finance company it is an insurance company. 57.Assertion(A): use of paper money is replaced by plastic money.The future will see the electronic money clearance through satellite networking. Reason(R):RBI is encouraging e banking codes:- A.(A) is false but(R)is true. B.(A) is true but (R) is false. C.both (A) and (R) are false. D.both (A) and (R) are true. ANSWER:-D EXPLANATION :-Option D is correct RBI is pro...