MCQOPTIONS
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MCQOPTIONS
This section includes 815 Mcqs, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 301. |
Which of the following statement is false about Treasury Bills? |
| A. | It is a secure Instrument |
| B. | It is a promissory note |
| C. | It is issued by government |
| D. | It is issued maximum for maturity of 1 year |
| Answer» E. | |
| 302. |
How many NBFC factors are there in India registered at present? |
| A. | 31 |
| B. | 6 |
| C. | 7 |
| D. | 9 |
| Answer» D. 9 | |
| 303. |
Which is not one of the development steps taken for Capital Market? |
| A. | Open Outcry |
| B. | Book Building |
| C. | Establishing SEBI |
| D. | Screen Based Trading |
| Answer» B. Book Building | |
| 304. |
What is the maximum and minimum maturity of Certificate of Deposit issued by financialInstitutions? |
| A. | Certificate of deposit issued by financial Institutions are for 1 year to 3 years. |
| B. | Certificate of deposit issued by financial Institutions are for 7 days to 364 days. |
| C. | Certificate of deposit issued by financial Institutions are for 15 days to 90 days. |
| D. | None of these. |
| Answer» C. Certificate of deposit issued by financial Institutions are for 15 days to 90 days. | |
| 305. |
SCORES stands for: |
| A. | SEBI Complaints Redress System |
| B. | Special Complaints Redress System |
| C. | Sources for Complaints Redress System |
| D. | None of These |
| Answer» B. Special Complaints Redress System | |
| 306. |
What is the present wage limit to be eligible to be covered under the Employees’ Provident Funds andMiscellaneous Provisions Act, 1952? |
| A. | Rs. 12,500 |
| B. | Rs. 15,000 |
| C. | Rs. 6,500 |
| D. | Rs. 6,000 |
| Answer» C. Rs. 6,500 | |
| 307. |
Which of the following statements is/are correct? A) NBFCs does not hold a banking license. B) NBFC can issue Demand Drafts like banks. |
| A. | Only A |
| B. | Only B |
| C. | Both |
| D. | None |
| Answer» B. Only B | |
| 308. |
The Component of Capital Market are: |
| A. | Equity Market |
| B. | Debt Market |
| C. | Derivative Market |
| D. | All of the above |
| Answer» E. | |
| 309. |
A leveraged lease is a three-sided agreement among the following: |
| A. | Lessee, lessor and lender |
| B. | Lessor, Commercial Bank, and Insurance Company |
| C. | a and b |
| D. | None of the above |
| Answer» D. None of the above | |
| 310. |
Which of the following is the first Development Bank of India |
| A. | IFCI |
| B. | SFC |
| C. | NABARD |
| D. | State Industrial Development corporations |
| Answer» B. SFC | |
| 311. |
Exchange rates are determined in |
| A. | The money market. |
| B. | The foreign exchange market. |
| C. | The stock market. |
| D. | The capital market. |
| Answer» C. The stock market. | |
| 312. |
There are ___________ categories of Industrial Security Market. |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 313. |
Section 2(g) of the PF Act defines ……………… |
| A. | Non-Exemption |
| B. | Exemption |
| C. | Factory |
| D. | Exempted Job |
| Answer» D. Exempted Job | |
| 314. |
If PPP holds |
| A. | The nominal exchange rate will not change. |
| B. | The real exchange rate will not change. |
| C. | Both real and nominal exchange rates will not change. |
| D. | Both real and nominal exchange will move together |
| Answer» C. Both real and nominal exchange rates will not change. | |
| 315. |
What is the simple example of Stock Index in India: |
| A. | NSE |
| B. | Sensex |
| C. | BSE |
| D. | SEBI |
| Answer» C. BSE | |
| 316. |
An agreement to exchange dollar bank deposits for euro bank deposits in one month is a |
| A. | Spot transaction. |
| B. | Future transaction. |
| C. | Forward transaction. |
| D. | Monthly transaction. |
| Answer» D. Monthly transaction. | |
| 317. |
Industrial Finance Corporation of India (IFCI) was established in : |
| A. | 1946 |
| B. | 1947 |
| C. | 1948 |
| D. | 1949 |
| Answer» D. 1949 | |
| 318. |
The legislation to regulate insurance business in India was passed in which year? |
| A. | 1976 |
| B. | 1912 |
| C. | 1818 |
| D. | 1945 |
| Answer» C. 1818 | |
| 319. |
National Housing Bank is wholly owned by which of the following institutions? |
| A. | RBI |
| B. | SEBI |
| C. | SBI |
| D. | None of the above |
| Answer» B. SEBI | |
| 320. |
Which one of the following is the main objective of Unit Trust of India? |
| A. | To mobilize the savings of high income groups. |
| B. | To mobilize the savings to low and high income groups. |
| C. | To mobilize the savings of corporates. |
| D. | To mobilize the savings of low and middle income groups |
| Answer» E. | |
| 321. |
In India, the bank NABARD does not provide refinance to |
| A. | Scheduled commercial bank |
| B. | RRB |
| C. | EXIM bank |
| D. | state land development bank |
| Answer» E. | |
| 322. |
In which of the following cities is the headquarters of the Unit Trust of India located? |
| A. | Kolkata |
| B. | Mumbai |
| C. | New Delhi |
| D. | Chennai |
| Answer» C. New Delhi | |
| 323. |
The contribution which shall be paid by the employer to the Fund shall be |
| A. | 5% |
| B. | 7% |
| C. | 12% |
| D. | 10% |
| Answer» D. 10% | |
| 324. |
Which of the following is not correct about development banks in India? |
| A. | The Development Banks do not seek or accept deposits from the public |
| B. | They provide short term finance |
| C. | The development banks promote economic development by promoting investment & enterprise |
| D. | None of these |
| Answer» C. The development banks promote economic development by promoting investment & enterprise | |
| 325. |
What is the full form of FLC? |
| A. | Financial Leasing Company |
| B. | Finance Lending Company |
| C. | Financial Leasing Company of India Limited |
| D. | None of the above |
| Answer» D. None of the above | |
| 326. |
A non-banking institution that has a principal business of receiving deposits under any scheme orarrangement in one lump sum or in installments by way of contributions is known as? |
| A. | Principal non-banking company |
| B. | Residential non-banking company |
| C. | Residuary non-banking company |
| D. | Optional non-banking company |
| Answer» D. Optional non-banking company | |
| 327. |
The erstwhile Industrial Reconstruction Bank of India (IRBI) is now known as |
| A. | IFCI |
| B. | ICICI |
| C. | IDBI |
| D. | Industrial Investment Bank of India Ltd |
| Answer» E. | |
| 328. |
Which among the following is/are correct regarding Money Market? |
| A. | Money Market is a market for short-term funds. |
| B. | Maturity in this market ranging from overnight to one year. |
| C. | The basic function of money market is to provide efficient liquidity position for commercial banks, financial institution, Mutual funds, insurance companies, corporate etc. |
| D. | Maturity in this market is above one year. |
| Answer» C. The basic function of money market is to provide efficient liquidity position for commercial banks, financial institution, Mutual funds, insurance companies, corporate etc. | |
| 329. |
Under the PF Act, 1952 “Insurance Fund” means …………… |
| A. | Unit Linked Insurance Plan |
| B. | Deposit Linked Insurance Fund |
| C. | Employees’ Group Accident Insurance |
| D. | Medical Insurance Fund |
| Answer» C. Employees’ Group Accident Insurance | |
| 330. |
The immediate (two-day) exchange of one currency for another is a |
| A. | Forward transaction. |
| B. | Spot transaction. |
| C. | Money transaction. |
| D. | Exchange transaction. |
| Answer» C. Money transaction. | |
| 331. |
Capital market regulator is: |
| A. | R B I |
| B. | I R D A |
| C. | N S E |
| D. | B S E |
| Answer» E. | |
| 332. |
What is the full form of FASB? |
| A. | Financial Accounting Standard Board |
| B. | Financial Accounting Safety Board |
| C. | Finance and Accounts Standard Board |
| D. | Financial Accounting Safety Bureau |
| Answer» B. Financial Accounting Safety Board | |
| 333. |
HFC stands for which of the following? |
| A. | Housing Finance Company |
| B. | Housing Finance Corporation |
| C. | Housing Federation of Commerce |
| D. | None of the above |
| Answer» B. Housing Finance Corporation | |
| 334. |
The chairman and members of Central Board constituted under Employees Provident Fund areappointed by |
| A. | Supreme Court |
| B. | State Government |
| C. | Central Government |
| D. | None of the above |
| Answer» D. None of the above | |
| 335. |
An employer who contravenes or makes default in complying with the provisions of section 6 of thisact, shall be punishable with imprisonment for a term which may extend to _____ years. |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 5 |
| Answer» D. 5 | |
| 336. |
A Non-Banking Financial Company (NBFC) is a company registered under the _______. |
| A. | RBI Act 1934 |
| B. | Companies Act, 1956 |
| C. | NBFC Act 1956 |
| D. | Government Securities Regulations, 1913 |
| Answer» C. NBFC Act 1956 | |
| 337. |
What is Call Money? |
| A. | It is an overnight loan in the Money Market |
| B. | It is loan of above1 day to 14 days in the money market |
| C. | It is loan of above14 day to 364 days in the money market |
| D. | It is an amount charged on ISD |
| Answer» B. It is loan of above1 day to 14 days in the money market | |
| 338. |
Which of the following is not related with Money Market? |
| A. | Treasury Bills |
| B. | Commercial Bills |
| C. | Certificates of Deposit |
| D. | Shares |
| Answer» E. | |
| 339. |
Industrial Development of was established as a subsidiary of |
| A. | RBI |
| B. | SIDBI |
| C. | SBI |
| D. | Industrial credit & investment corporation of India |
| Answer» B. SIDBI | |
| 340. |
Which of the following statement is true about Certificates of Deposits? |
| A. | It is secure instrument in comparison of Commercial Paper |
| B. | It is a promissory note |
| C. | It is traded in Capital Market |
| D. | It was introduced in 1990 |
| Answer» B. It is a promissory note | |
| 341. |
A liquid fund can invest its money in which of the following |
| A. | Central Government securities of around 10 year average maturity. |
| B. | Money market instruments of less than 91 days maturity |
| C. | Corporate bonds / paper of more than 91 days maturity |
| D. | Short term Bank Deposits |
| Answer» C. Corporate bonds / paper of more than 91 days maturity | |
| 342. |
Higher tariffs and quotas cause a country’s currency to _____ in the _____ run. |
| A. | depreciate; short |
| B. | appreciate; short |
| C. | depreciate; long |
| D. | appreciate; long |
| Answer» E. | |
| 343. |
Which one of the following is the largest mutual fund organisation in India? |
| A. | SBI Mutual Fund |
| B. | Ind Bank Mutual Fund |
| C. | Unit Trust of India |
| D. | GIC Mutual Fund |
| Answer» D. GIC Mutual Fund | |
| 344. |
Which term most accurately describes selling shares at a higher price than the price at which they werebought? |
| A. | Loss |
| B. | Profit |
| C. | Asset |
| D. | Dividend |
| Answer» C. Asset | |
| 345. |
The term “Appropriate Government” is defined in which section of the PF Act? |
| A. | Section 2(a) |
| B. | Section 2 (b) |
| C. | Section 2 |
| Answer» B. Section 2 (b) | |
| 346. |
Forward exchange rates |
| A. | Involve the immediate exchange of bank deposits. |
| B. | Involve the exchange of bank deposits at some specified future date. |
| C. | Involve the immediate exchange of imports and exports. |
| D. | None of the above. |
| Answer» C. Involve the immediate exchange of imports and exports. | |
| 347. |
The Unit Trust of India (UTI) was set up in …….. |
| A. | 1935 |
| B. | 1980 |
| C. | 1956 |
| D. | 1964 |
| Answer» E. | |
| 348. |
Lower tariffs and quotas cause a country’s currency to _____ in the _____ run. |
| A. | depreciate; short |
| B. | appreciate; short |
| C. | depreciate; long |
| D. | appreciate; long |
| Answer» D. appreciate; long | |
| 349. |
Which is a type of crossing in a cheque? |
| A. | Negotiable Crossing |
| B. | Special Crossing |
| C. | Level Crossing |
| D. | Named Crossing |
| Answer» C. Level Crossing | |
| 350. |
In primary market, the first time issued shares to be publicly traded, in stock market is considered as: |
| A. | Traded Offering |
| B. | Public Markets |
| C. | Issuance Offering |
| D. | Initial Public Offering |
| Answer» E. | |